Hitbtc Exchange Introduces Margin Trading

Some exchanges only let you trade without much information. However, HitBTC delivers most of the information that you will need to decide before trading. Those who are more experienced with trading will appreciate the various charts and graphs that HitBTC offers. Beginners who are unsure of what to make of the information or how to go about cryptocurrency trading will appreciate the information on the blog, which includes plenty of trading tips. It does offer one of the broadest cryptocurrency markets selection in the entire industry, and its trading fees are also the lowest.

how to trade on hitbtc

This means that should the platform get hacked, your funds are largely at risk. If you haven’t quite got the time to read our review all of the way through, then we concluded by noting that we cannot recommend HitBTC as a credible exchange. The platform not only has a history of moving from jurisdiction-to-jurisdiction, but it has a significant number of bad reviews in the crypto community. If the safety of your funds is your top priority , we instead prefer heavily regulated platforms like Coinbase. Not only do they hold two regulatory licenses, but the platform is simple to use, it allows you deposit funds using multiple fiat options, and you can even short coins. Once you deposit some money, it goes to the main account, but you need to transfer it to the trading account to be able to exchange it to other currencies on HitBTC.

Step 1 Open An Account With Hitbtc

That said, there are also no fees or charges for the unlimited deposits of cryptocurrencies that you make. HitBTC offers a wide variety of trading options and tools. Tips are provided for most transactions on the interactive interface of the platform. Some exchanges will only let you carry out trades how to trade on hitbtc without much information. This user-friendly exchange platform will provide users with multi-language support such as a troll box for solving trading issues efficiently. The users of this platform will be able to make the most out of their trading bot with the leading and well-known API.

how to trade on hitbtc

No account verification is required for trading bitcoin. Ether, or any other digital currency that is supported by HitBTC. HitBTC, founded in 2013 by experienced system architects and technology experts, is one of the oldest crypto exchanges in existence. We have cultivated an expansive client base thanks in large part to its industry leading liquidity and user-friendly interface. HitBTC is the largest spot trading market in the industry with over 800 trading pairs and 500+ spot instruments supported, including Bitcoin, Ethereum, EOS, Litecoin, Tron and others. The commission payment for instant transactions charged by the HitBTC exchange is 0.1%.

It suggests creating a strong password that you change every several weeks. You can set up the two-factor verification via the “Security” tab of “Settings,” activating it for withdrawals, logging in, and/or bitcoin price adjusting your settings. For added security, the exchange sends you an email notification whenever your account is accessed from a new IP address. Takers get charged a 0.1 percent fee on their trades.

As a result, HitBTC always has many supporters who are happy with its services for which it is highly recommended. HitBTC is an established crypto exchange that has provided quality trading services since the early days of cryptocurrencies. The exchange has developed over the years to provide high volume trades on a secure platform. As per the HitBTC reviews, the platform now has over https://tokenexus.com/hitbtc-review/ $300m in trading volume. HitBTC is a cryptocurrency exchange which is famous for its wide variety of coin listings and advanced trading features. It supports more than 400 cryptocurrencies, including all the major crypto-assets. All fees charged by a broker for the use of borrowed funds are in addition to the regular trading fees that vary based on the total volume of the trade.

Benefits Of Using Hitbtc

HitBTC constantly adds support for modern cryptocurrencies to their exchange while seeking user views and taking their inputs into consideration. Monthly voting options for users are aired to choose tokens that can be added. Being a well-established exchange boasting high liquidity and volume it is potentially worth your interest. If you also need access to an API certainly this is the place for you. The HitBTC platform is almost as old as the cryptocurrency regime and has been part and parcel of the cryptocurrency community from the start.

Also, the exchange keeps a record of login history that the users can see and it sends email notifications when the accounts are accessed from unknown IP addresses. HitBTC is a popular cryptocurrency exchange with fascinating features that separate it from the competition. These features together with a robot-friendly API, make HitBTC a popular option for all traders.

It has had plenty of time to figure and iron out most issues with the exchange. HitBTC rewards users with its affiliate program for attracting new how to trade on hitbtc users to the platform. The exchange uses a referral system where affiliates are given custom links to invite their friends to the platform.

What’s Going On With Your Hitbtc Funds Guys? : Hitbtc

The robot-friendly API of this platform is known to be appreciated among traders for its execution feeds and low latency data. For example, in case you have obtained these funds on another crypto trading platform, please provide us with the screenshots of your deposit, trading and withdrawal history on that platform. So that the history of the funds in question would be clearly displayed. The big plus of Hitbtc is that the fees are lower than on many other exchanges. I make trades per day, imagine how much I would pay if the fees were 2 or 3 times higher? Yes, there are disadvantages here too, but I use it because of these low fees. HitBTC seems to be a good alternative for some ordinary traders.

Once your referee starts trading you get bonus rewards from their transactions. An order book is available at the bottom of your trading screen showing the market depth, latest sales, and prices for your selected cryptocurrency in the market. Creating a general account with HitBTC is entirely free so that you can get started with no limitations at all.

HitBTC is one of the few exchanges that support direct fiat/cryptocurrency trading. Although, the users need to go through quite a stringent verification process for taking advantage of this feature. Users have a variety of security options, including an automatic logout and two-factor identification for login, withdrawal, and access to the account settings.

  • It is free to create a general account and to get started at HitBTC.
  • You will likely need to confirm your email address before you activate your account.
  • To buy bitcoin with a fiat currency through HitBTC, you’ll need to verify your account.
  • To sign up for a general account at HitBTC, you can visit the site and register by using an email address and password.
  • To fund your account with fiat currency, you’ll need to go through the verification process.
  • With a general account, you can deposit, withdraw, and trade cryptocurrencies without any additional steps.

Our margin fees are fixed, so they do not depend on the period of time during which your position is open, and offset independently once every eight hours from your margin account. You can begin trading cryptocurrencies immediately, once you have created an account.

This is a major concern, as you are essentially trusting your money with a cryptocurrency exchange that is unregulated. Although we would suggest using a safer cryptocurrency exchange, if you do want to open an account with HitBTC, we’ve created a simple step-by-step guide. We’ve shown you how to register, deposit funds, and make your first trade. Unlike some of the other cryptocurrency exchanges we have reviewed, the trading fee system is very straightforward at HitBTC. In a nutshell, regardless of how much you trade, you will always pay 0.01% in trading fees. For example, if you bought $5,000 worth of crypto, and then sold the same $5,000 worth of crypto, you would pay two lots of $5. While Robinhood is creating the growing no-fee niche, HitBTC, like the majority of cryptocurrency exchanges, has to charge fees in order to stay in business.

The trader who places an order below the best price to buy or above the best price to sell is called “maker”. Makers provide liquidity, so HitBTC rewards them with lower trading fees or even with a rebate. At the time of writing HitBTC is the fourth cryptocurrency exchange by adjusted volume and first by the number of markets according to CoinMarketCap. Currently, there are 7 quote currencies on the exchange including BTC, ETH, USDT, DAI, TUSD, EURS and EOS.

How Does Margin Trading Work?

Certain currencies include additional identifier fields, like the Message for XEM or Destination Tag for XRP. You should make it a point to always include these when you how to trade on hitbtc initiate your deposit. Once the funds get to HitBTC, the bottom of your accounts page will display a pending transaction, and the currency will be available soon after.

how to trade on hitbtc

Also, pay attention to the fact that withdrawals are irreversible. All funds that have been withdrawn from your account can be accessed by viewing your payment history on HitBTC. There is also a convenient option of keeping tracks of all market at once on HitBTC. https://tokenexus.com/ HitBTC is a cryptocurrency exchange that is considered to be one of the old-timers in the industry. The Hong Kong-based digital asset trading platform started operating in 2013. As of now, this widely popular C2C exchange HitBTC features more than 400 coins .

Insidebitcoins

Makers have no fee at all, a rare offering among cryptocurrency exchanges that provides HitBTC with an advantage over the competition. In fact, makers actually get a rebate from their trade of 0.01 percent. This rebate is designed as a reward for providing liquidity. OTC trading, or over-the-counter how to trade on hitbtc trading, lets users make high-volume trades without using the public order books. In other words, investors make a deal with their counterparty directly, and the market price of the token or coin does not become affected. HitBTC does offer OTC trading thanks to a partnership with Trusted Volumes.

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