Is HitBTC a scam? Read this HitBTC Review to find out

in blockchain •  7 years ago  (edited)

alt text
HitBTC is a cryptographic money trade stage that surfaced in 2014. From that point forward, they have progressed toward becoming a significantly infamous name in the digital money industry.
To be reasonable, HitBTC has an alluring plan. It's simple and natural and even fledglings would have a simple time exploring it. In this HitBTC review, I will discuss the key features of the crypto exchange platform.

Section 1: HitBTC Trading Information

Cryptocurrencies supported

HitBTC bolsters the colossal cluster of digital forms of money. Obviously, it acknowledges 150+ advanced resources.

Upheld Currencies and Payment Methods

The main upheld fiat monetary forms are USD and EUR. Besides, installment can be made through bank exchanges or specifically through crypto wallets.

Charges

The exchange charges in HitBTC ranges from 0.10% to 0.25%. Moreover, a request that isn't executed promptly is given a 0.01% refund of charges.
For Sepa stores of under €50,000, the charge is €5. For stores of more than €50,000, the charge is 1% of the aggregate. What's more, for wire exchanges, the charge is 1% of the exchange.

Restrictions

On the off chance that you have a confirmed record, you get an exchange breaking point of 2,000 €/$ every week or 10,000 €/$ every month. In any case, this can be improved by reaching the HitBTC group specifically.

Section 2: Using HitBTC

How to join

  • Go to the HitBTC site.
  • Top off the enrollment frame which will incorporate your email address and a secret key.
  • A check of the record is just essential in case you will utilize fiat monetary forms for exchange purposes.
  • When enrollment is finished, you'll approach a General record. Nonetheless, even this will make you qualified for boundless stores and withdrawals of digital forms of money.

Subsidizing

You can subsidize your record utilizing Sepa, wire exchanges, or cryptographic forms of money.
In the event that you need to finance your record with fiat monetary standards, you need to experience a check procedure wherein you need to confirm your character, living arrangement, and so forth.
Once that is done, you can without much of a stretch reserve your record and prepare to begin exchanging!

Exchanging

HitBTC offers different exchanging sets in different requests. Before utilizing the website, you can likewise look at an online demo to check whether you like the interface.
For reasons for exchanging, you can look at the segment underneath 'Trade'. This will furnish you with diagrams and all the data you have to make an educated exchange.

Section 3: Is HitBTC a Scam?

In light of the data cited above, HitBTC appears like a flawlessly genuine site with a decent scope of cryptographic forms of money. However, we can't authoritatively state whether HitBTC is a trick or fake site, however, we can state that individuals are not content with it.
Besides, a fundamental Google hunt would uncover a large group of notices. All things considered, we can state that HitBTC isn't a dependable trade stage.

Section 4: HitBTC Customer Support and User Reviews

The HitBTC client support is through email. In any case, with regards to recording a protest online, clients express that the client bolster is greatly unclear with their information. Moreover, after you record a couple of grievances, they basically quit answering your messages.
There are different clients who have whined about the way that when they endeavor to pull back their assets, their whole record is charged yet they don't see the exchange in their financial balances.

Section 5: Alternatives to HitBTC

Based on this HitBTC review i would highly recommend against it's use. As such I have compiled better and more trustworthy competitors on the table below. Read their reviews and determine which is the best for you.

ExchangeReviewFeesSecuritySupportPurchase
CoinbaseCoinbaseCoinbase Review3.75%GreatEmail+ Coinbase “Community”Buy
BinanceBinanceBinance Review0.1%GreatEmailBuy
LocalBitcoinsLocalBitcoinsLocalBitcoins Review1.0%GoodQuick responses to online support ticketsBuy
PaxfulPaxfulPaxful Review0% from buyer, 1% from sellerGoodForum,live chat and email.Buy
bitpandaBitPandaBitPanda Review1.0% to 4.0%GoodEmailBuy
CEX.IOCEX.IOCEX.IO Review0.5% to 2.0%GreatEmailBuy
CoinmamaCoinmamaCoinmama Review6.0%GoodEmailBuy
bitbondBitbondBitbond Review1.0% to 2.5%GoodEmailBuy

Section 6: Conclusion

Tick or no tick, from this HitBTC review we can conclude that despite any potential benefits; with such a significant number of extraordinary cryptographic money trade stages in the market, it looks bad for you to go out on a limb with a site that is so inconsistent and shady.
Along these lines, in the event that you have any encounters to share (great or awful) about HitBTC, please say it down in the remarks.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!