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Head to the message and verify your email by clicking on the appropriate link. You will then be redirected to the main dashboard of the exchange. Please fill out the input fields by writing your account email and a strong password in order to protect your account. As always, we don’t mention here less significant but numerous other fixes and micro-improvements. Be sure that they have been deployed, forming a solid foundation for best user experience and the future of the platform’s development. Change the settings of any drawing tools and indicators as you wish and save them by default.

The process of signing up is easy, everything you need is an email address. In terms of security you can activate a two-factor authentication or enable a whitelist. Whitelist allows you to create a secure list of addresses and the withdrawal of your funds will be limited only to these addresses. presents the state of the account’s balance relative to the current trading pair. In order to actually trade on the exchange, you will be required to register. In order to register, click on the Sign up button in the top right corner of the page .

How To Use Hitbtc In 2019

HitBTC has been part of the cryptocurrency community almost since the beginning, giving it plenty of time to iron out any issues with the exchange. It also has a lot of useful features, such as numerous trading options and tips, plus a user-friendly interface.

  • There is no reason why HitBTC should not hold a regulatory license, especially when one considers that the exchange has been operational since 2013.
  • Perhaps the HitBTC has not responded well to the surge in cryptocurrency trading volumes that have occurred in the last one year.
  • We wish withdrawals were faster, and also for the support to be introduced to coffee, but we would overall definitely recommend it to beginner users.
  • HitBTC started off very well with no complaints for the first 4 years of its operation.
  • Asking for transactions is too much; I was able to regain access to my Coinbase and other exchange accounts, but not HitBTC.
  • The trader who places an order matching with an existing order on the book is called “taker”.

HitBTC offers an affiliate program, which rewards users who bring new people to HitBTC. Affiliates get custom links they can use to invite friends to join HitBTC and start trading. Once your friend starts trading, you can get as much as 75 percent of their trading fees as a reward. In this way, you get how to trade on hitbtc more profits if you bring in more users and they have a larger trading volume. HitBTC even has various tools for affiliates to let them track which link brings in the most affiliates. You can create multiple links; name each one based on where you use it; then track signups, earnings, and turnover.

Market

Paste in the receiving address you wish to transfer the money to, and confirm with two-factor authentication. You’ll receive a confirmation mail notifying you of the withdrawal. You will have two accounts on HitBTC your main account and your trading account. In order to move funds from your main account to your trading account, go to your ‘Accounts’ page and click the arrow pointing between your two accounts. Click ‘Transfer’ and select to the appropriate amount. Last but not least, HitBTC has a wonderful feature called favorites, in which you can add the trading pairs you want to always have and don’t need to search for them every time you want to process a buy or sell order .

Not only does the platform support more than 300 coins and over 800 trading pairs, but fees are highly competitive. However, upon further analysis, we cannot endorse HitBTC as a credible exchange. As is the case with most third-party cryptocurrency exchanges, HitBTC only offers a web wallet.

HitBTC started off very well with no complaints for the first 4 years of its operation. However, the increase in the number of users who trade Bitcoin and other cryptocurrencies seems to have overwhelmed the team and a lot of complaints are being noticed on the internet.

Unless you were getting amazing results, you wouldn’t be in a position where you would be able to succeed. The idea of trading is to succeed and increase your gains each and every single day, at least that’s how it is for people who have bigger goals in life. Bot solutions can help traders to improve their lives by augmenting their trading activities. Limit orders are used by traders who have decided on the price at which they are willing to trade. So, if you use a limit order, you choose the price yourself. Once your funds have been transferred to your Trading account, go to the trading terminal, select a trading pair in the “Instruments” section and set up an order.

If you want to get behind a dark address in the beginning, remember that at some stage you will need to pass KYC, which will mean having to start again from scratch. To start trading you need to move the funds from the main account to your trading account. When you have selected an amount, select “Transfer”.

how to trade on hitbtc

The contract specifies your volume range on the sell and buy side, as well as your maximum spread. You can see your history of trades within a given market by looking at the “My Orders and Trades” section. Once the coins are in your account, it is time to set up the order. Go to your trading screen by clicking “Exchange” and choose your trading pair from the “Instruments” section. After selecting “Withdraw,” type your authentication code, assuming you enabled two-factor authentication for withdrawals. You will see a notification that you must confirm the withdrawal via email. Go to your email address and open the email from that is labeled “Withdraw request.” Click the link to confirm to send the transaction and return to your account page.

Ftx Exchange Review: Cryptocurrency Derivatives Exchange

Although the HitBTC support team operates 24 hours per day, the only contact channel available is the online support form. Therefore, if you prefer the likes of live chat or telephone support, you’re out of luck. In March 2019, HitBTC announced that is was getting close to launching its native mobile app. Although the app is now available to download free of charge via the Google Play store, it is still in development mode.

There have been numerous complaints of site crashes. Perhaps the HitBTC has not responded well to the surge in cryptocurrency trading volumes that have occurred in the last one year. Internal AML/KYC policy and procedures, which ensure that only genuine traders use the HitBTC platform. Due to regulatory restrictions, US traders are not accepted on the HitBTC exchange. HitBTC has a wide global reach and can be accessed by traders from many countries. However, some countries are barred from trading on HitBTC as a result of either financial restrictions or because of regulatory prohibitions. It also has a range of APIs that support users who wish to trade with bot.

You buy a share in a company for $1000 using $200 of your own money and $800 borrowed from her broker. The broker wants a minimum margin requirement of $100. Margin trading is a high risk strategy and it can yield a huge profit if your predictions are correct. On the flipside you can lose more than your initial investment if it goes out of the money for you. Margin trading is one of the riskier trading instruments so we urge you to do a lot of research and practice before diving straight in. Remember that there are a wide variety of unique pairs on the exchange.

how to trade on hitbtc

But devs think that even 600 altcoins are not enough for the exchange. HitBTC also crypto exchanger makes several recommendations for users to further protect their account.

Launched way back in 2013, HitBTC is one of the oldest cryptocurrency exchanges in the industry. The platform allows users to buy, sell and trade hundreds of different cryptocurrencies, 24 hours per day. HitBTC is one of the largest cryptocurrency exchanges in the world for daily trading volumes. The platform lists hundreds of supported coins, and its fees are highly competitive. However, the platform has a somewhat “murky” reputation in the public domain.

Hitbtcuser Reviews

If you have ever used a cryptocurrency exchange before, then HitBTC works in exactly the same way. The company operates as a third-party middleman between buyers and sellers, making a profit in trading fees along the way. All you need to do to get started is register a Bitcoin account, deposit some funds, and then proceed with your cryptocurrency purchase. If you then plan on keeping hold of your coins long-term, you should consider withdrawing them to private Bitcoin wallet , as opposed to keeping them in your online HitBTC wallet. Margin trading in cryptocurrency is a complex and involved process that comes with its own set of benefits and frustrations.

how to trade on hitbtc

It also uses cold storage for most of its funds and relies on advanced encryption technology to hide your information from hackers. This is slightly different from limit orders because once the market gets to the stop price, the stop order actually turns into a market order. These orders don’t show up in the order book until they are activated and don’t require any reserved funds. Market orders allow you to sell or buy the instrument of your choice at the market price, which is the best available price when you place the order.

Hitbtcs Products & Services

The reviews were mainly negative with much focus on poor customer support. After verification, users can withdraw up to 100 BTC daily and unlimited amounts monthly.

In fact, makers actually get a rebate from their trade of 0.01 percent. This rebate is designed as a reward for providing liquidity. Trusted Volumes current monthly turnover exceeds $1.5 Billion in cryptocurrency assets so if you have large amounts to sell this is a better option than selling on an exchange as large sells can trigger price drops. OTC trading, or over-the-counter 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. This is only applicable for trades with a volume of over 100,000 USDT , and there is a commission of 0.1 percent.

That’s why we changed the behavior of Order Entry and Crypto OE panels, making them flexible, with the ability to be included in Bind. this update not only to bug fixes and optimizations but also took into account requests from our users. Note that you can add more funds to your collateral at any time. Now you are ready to trade on margin with an enhanced buying power. Later, you can examine the history of all your requests, trades, positions and fee charges via the terminal or Reports tab. The partial closing of an open trade will realize your PNL in proportion to the value of the relevant position, which users are enabled to both increase and decrease within the valid buying power range.

Автор: Chaim Gartenberg

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