The information that you will have to provide includes your personal information, residential address, proof of identity, selfie and phone number. I have to say that is quite disappointing as no one will be there to help you in case you’ll be having any issues when creating your account, verifying your identity, trading crypto, and so on. Now, while HitBTC mobile app is available, it’s still in a development stage, meaning that the app is not stable and you might experience certain issues when using it.
Step 4: Complete the Trade
Hence, if you wanted to withdraw more than the limit that they have on the exchange then you will have to verify your account. This exchange will allow you to send as much crypto as you want to your newly opened account., but then will seize your funds until you complete kyc. All i wanted was to make an exchange on their platform but ended up with held funds for months and agents who kept lying to me even after i let them know i had a sick child that needed it. I had to consult with fortechester to aid in wresting back my assets. Only way i escaped the sad loop this platform brought upon me. After more than 4 months of being stuck in HitBTC’s KYC process and their constant demands for more information I finally managed to withdraw my assets from HitBTC today.
- These issues are not insurmountable, but they are definitely more confusing that many new users are willing to tackle.
- Accordingly, we have marked the exchange as a scam in our database and moved it to our Exchange Graveyard.
- At this time it’s not clear how selective the process is, but it seems like they are trying to differentiate from other exchanges by offering the lowest barrier to entry to get listed.
- They should look for the IP address or location they don’t recognize.
- They have my Dogecoins and don’t let me withdraw them.I saw some people with the same problem, I am one of them and want to start legal actions against HitBTC.
- Choose your favourite crypto coin and select a „Instant/Market Order” to buy it instantly.
HitBTC and the US Traders
HitBTC scams by creating endless obstacles to people trying to withdraw their funds. I’d had an account with HitBTC since long time ago. I deposited 1 ETH and when I tried to withdraw I found that my account was locked with no reason.That is how they make their money. They make their money by putting endless obstacles between you and your funds, so that eventually you give up. They ask for personal information like photo ID, proof of residence, etc. which can be resold on the dark web, especially when it’s a crypto user’s documents.
Why Have Exchanges Like HitBTC is lacking
As mentioned, as an exchange, HitBTC will get benefits if their traders are able to provide some liquidity to their order books in the form of a market maker. For those traders who like to code their own trading bots, HitBTC offers a pretty robust and efficient https://www.tokenexus.com/ API. For example, the API has low latency which means that your trading orders are executed much faster than other exchange APIs. For those cryptocurrency traders who used to trade Forex and stocks, they may have come across the MetaTrader4 software suite.
What is more, it supports more than 380 cryptocurrencies, over 800 crypto pairs, and has low trading fees. When deciding which crypto exchange platform to use, there are multiple aspects to take into hitbtc reviews account. HitBTC supports deposit in all of the major cryptocurrencies (BTC, ETH, USDT and many more). It does however not offer deposit via fiat currencies (wire transfer or debit/credit card).
- The devices exist in numerous shapes and sizes so HitBTC traders wishing to make 2fa easier and safer will be able to find the best option or even choose a custom variant.
- Your agent did request 20% in advance to a special address.
- In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.
- Just remember the golden rule – never trade more money than you can afford to lose, and go with your gut feelings.
- There are simply too many other services which out-class it in every respect, and will especially not steal user funds.
You can find information about fees for inactive accounts in our Terms of use (clause 17.4).Please note that HitBTC is not the only platform to implement the inactivity fee policy. This is a standard practice that exists in other exchanges as well. You can find information about fees for inactive accounts in our Terms of use (clause 18.4).Please note that HitBTC is not the only platform to implement the inactivity fee policy. When the deposited funds are added to the account, you’re all set to start trading. You’ll be directed to the trading area after clicking the exchange button. You can enter the cryptocurrency you want to purchase on the trading screen and select your favorite trading pair.
Thank you for stealing my money
