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About the HitBTC Exchange
The exchange launched back in 2013 by Hit Solution Limited whose offices are based in Hong Kong; they also have a full-time office in Chile. The exchange is one of the largest with over 800 coins listed for trading and one of the highest exchanges when it comes to trading volumes.
HiTBTC has gained a reputation for being one of the best technologically advanced crypto coin exchanges. It has a perfect uptime record, and its real-time algorithms help to make buying, selling and trading as smooth as possible.
• No limits for deposit or withdrawal of digital assets
• Cutting-edge matching engine technologies
• More than 500 available trading tools
• The most advanced API's (REST API and FIX API)
• Rewards for adding liquidity to the exchange.
How Does It Work?
Like any cryptocurrency exchange, you will need to sign up with a valid email and a secure password. Once your email has been verified you will be able to deposit into your account and start to buy, sell or trade crypto coins.
Day trading involves buying and selling cryptocurrencies within minutes, hours and can be done multiple times over a 24 hour period. The aim of day trading is to take advantage of small moves in the market for a profit. Traders can set stop loss or stop limits to help them benefit more.
Margin Trading/Leverage Trading
To Margin Trade you are borrowing from a broker to purchase more coins than you can afford with your account funds. Leverage trading allows you to leverage x1, x25, x50, x75 and x100 your initial trade.
OTC (over-the-counter) lets you do high volume trading without the need of going through the public order books. HitBTC will help execute the deal with the other party/parties in a way that will not affect the market price of the coin or token. Working with Trustedvolumes.com, the exchange will provide a fast execution of the trade. The OTC is preferred by people who trade with $100,000 or more.
Key OTC Trading points
• Every trade must be a minimum of $100,000 USDT in volume.
• OTC trade fees are 0.1%
• To OTC you must also sign up with Trusted Volumes.
Depositing and Trading Fees
Deposit at HitBTC is held only in cryptocurrencies and has no limits on deposit, and no fee is charge
'Takers' fees are 0.1%. The 'Makers' are not charged a fee; instead, they will receive a 0.01% fee from the trade.
Withdrawal and Transfer Limits
The exchange has no limits on withdrawal amounts.
What Cryptocurrencies Are Available?
At the time of writing, HitBTC has 802 crypto coins that make-up 970 trading pairs. The three main cryptocurrencies used at the exchange are Bitcoin (BTC) Ethereum (ETH) and Tether (USDT).
Trust and Fund Security
You can secure your account using 2FA (Two Factor Authentication) such as Google Authenticator, email or SMS text verification.
The exchange has a support centre where you will find the all the information about the exchange, fees, and security amongst over things. If you cannot find the information you need to answer your questions or queries, then you can contact the support team by submitting a support ticket.