Introduction
HitBTC stands as one of the pioneering and most technologically advanced cryptocurrency exchange platforms. Established in 2013 and headquartered in Hong Kong, HitBTC serves a global user base across 90+ countries, offering access to over 530 cryptocurrencies and 850+ trading pairs. This guide delves into its features, trading mechanics, fee structures, and security protocols.
Key Features of HitBTC
1. Global Presence
- Jurisdictions: Operates under Hit Solutions Limited (Hong Kong) with a secondary office in Chile.
- Regulatory Compliance: Suspended services in Japan (2018) pending regulatory alignment; plans to re-enter via a regulated subsidiary.
2. Advanced Technology
- Matching Engine: Low-latency algorithms for real-time trade execution.
APIs: Supports both REST and FIX APIs for automated trading.
- Documentation: GitHub Repository.
Trading on HitBTC
Cryptocurrencies and Pairs
- Diversity: Trades major coins (BTC, ETH, LTC) alongside stablecoins (TUSD, EURS) and emerging tokens.
- Liquidity: Daily volume exceeding $250M (as of 2018), with deep order books for top-tier assets.
Fee Structure
| Role | Fee |
|------------|------------|
| Taker | 0.1% |
| Maker | -0.01%* |
*Rebate for adding liquidity.
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OTC Trading
- Availability: Via application at TrustedVolumes.com.
Deposit and Withdrawal
Policies
- No Fiat Support: Crypto-only deposits.
- Unlimited Withdrawals: No caps on amounts.
Withdrawal Fees (Sample)
| Currency | Fee |
|----------|-----------|
| BTC | 0.001 BTC |
| ETH | 0.00958 ETH |
| USDT | 45 USDT |
Security Measures
Protections
- 2FA & Whitelisting: Mandatory for withdrawals.
- Cold Storage: 98% of funds stored offline (London-based Sequant Capital).
- Transparency: Live "System Health" dashboard tracks platform status.
FAQs
1. Is HitBTC safe to use?
Yes, it employs cold storage, 2FA, and has no history of hacks since 2013.
2. What are HitBTC’s trading fees?
Takers pay 0.1%; makers receive a 0.01% rebate.
3. Can I trade fiat on HitBTC?
No—it’s a crypto-only exchange.
4. How do I contact support?
Submit a ticket via the Support Center.
Conclusion
HitBTC remains a robust choice for traders prioritizing liquidity and advanced tools. While its fee structure is competitive, users should weigh withdrawal costs against alternatives.
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