Among the different advanced Bitcoin exchanges this platform claims to offer unique and advanced trading algorithm that comes with several advantages. HitBTC has its own presence on Wikipedia, which is a rarity for crypto currency trading sites. That showcases attempt of the portal to establish their legitimacy in this segment. Though in many informative sites, it is said to be an EU based venture, its official website showcases company details as being registered under the name of the HIT Solution Ltd and its registered office is in Hong Kong. The company has been in operation since the year 2013.
Features of HitBTC
The portal boasts of unique algorithm that makes trading profitable and overcomes limitations that are linked to crypto currency trading. Features of the workings of this site are:
• Registration is a fast process with this website; when one wishes to fund their account with fiat currencies they need to get their account verified. That requires providing personal information, address proof, bank account information and proof of ownership of the bank account. Once the necessary documentation is provided and verification is completed, then only a person registered on the platform can commence on trading transactions.
• There are three levels of account as per verification levels, which are generally verified and qualified. While the registration or proof requirements are stringent for the higher levels, once they are accomplished, then one can gain access to trading at higher volumes.
• Funding of account can take up to 14 days while withdrawal of funds requires a timeline of 20 business days.
• General accounts allow crypto currency deposits for free; daily withdrawal limits are EUR 5,000. Fiat transactions not permitted on this account range.
• Verified and qualified accounts have higher withdrawal allowances and deposits as well as withdrawals can be done in fiat currencies.
• The platform offers a demo mode through which users can experience the perks of trading on this platform for free.
• Trading fees are nominal which one of the unique advantages of this platform is.
What customers say about HitBTC?
There have been several negative feedbacks about this trading platform. Many users state that they funded their account with crypto currency that they could not get back. Others state that they have not been able to withdraw their funds. Hence, registering and trading on this platform should be done at one’s own risk.