HitBTC Review

HitBTC Review

HitBTC started its business in 2013 with total of 6 Million Euro venture capital. It provides services for an individual traders. Support of many trading pairs makes HitBTC a great option for those who look intuitive trading platform. In addition, it supports currencies like Zcash, Dash, Doge, etc. More details are covered in this HitBTC Review below.

Supported Cryptocurrencies
  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Ethereum (ETH)
  • Ripple (XPR)
  • Dash (DASH)
  • Monero (XMR)
  • Zcash (ZEC)
  • Dogecoin (DOGE)
  • A lot more...
Offered Services
  • Cryptocurrency Trading
  • Cryptocurrency Exchange
Payment Methods Accepted
  • Bank transfer - SEPA, SWIFT
  • Cryptocurrency

 

Fees
  • No fees for cryptocurrency deposit
  • There are flat rate fees for withdrawal
  • SEPA < €50 000 - deposit €5, withdrawal €30
  • SEPA > €50 000 - deposit 1%, withdrawal 2%
  • SWIFT - deposit 1% (min $6, max $45), withdrawal 2% (min $35, max $230)
Verification Process
  • Verification is needed only for fiat traders
  • For institutional traders - personal details, address, bank account information, supporting documents (ID, Passport or Driver's License and Proof of residence, Proof of bank account ownership) are required
Supported Countries

All countries with no restrictions on cryptocurrency from their government are supported

HitBTC Review
Speed
  • Bank Transfer Deposit can take up to 14 Banking days
  • Bank Transfer Withdrawal can take up to 20 Banking days
Limits
  • Limits vary depending on account
  • 2,000 (EUR, USD or GBP) per day
  • 10,000 (EUR, USD or GBP) per week
  • It can be raised to 10,000 (EUR, USD or GBP) daily or 50,000 (EUR, USD or GBP) weekly
Privacy
  • Verification is needed only for fiat traders
Security
  • Two-Factor authentication
  • Advanced encryption
  • Cold storage
Pros
  • Intuitive platform
  • Huge number of supported cryptocurrencies
  • Great support
  • Adequate security
Cons
  • Slow bank transfers
  • No phone app
Conclusion

HitBTC has done a really great job creating a trading system which is so easy to use. With an enough privacy and incredible amount of trading pairs, it is really one of the top trading platforms online. We love its acceptance of different cryptocurrencies - Dash, Zcash, Ripple, Doge, etc.

However, it would be nice that phone application could be available. Also bank transfers should be much faster.

Due to last reports and testimonials about the HitBTC users, we highly advice to be very careful keeping funds there!

Rating
9/10