Exchanges

HitBTC exchange overview

30.01.2022
HitBTC exchange reviews

Average – this is how professional traders call this cryptocurrency exchange. She is an old-timer among crypto trading platforms. The ability to trade 500 assets or more is a plus of the platform, but there are also shortcomings that reduce the popularity of the exchange.

Benefits of HitBTC

The peculiarity of the site is to provide up-to-date information support. In addition to the exchange, purchase and sale of digital coins, the HitBTC exchange provides information on exchange rates in charts, news, so that the participant can track the dynamics of assets in the country and the world.
The BTS exchange supports currency pairs – BTC/EUR, USD/EUR, BTC/USD, BTC/LTC. You can trade on the platform in dollars, cryptocurrencies and euros. The possibility of investing is not provided, the main specialization of hitbts is the exchange of coins and crypto trading.
An important plus is demo trading. Beginners who are just getting used to the service can practice without the risk of losing real assets.
The strengths of the HitBTC exchange are:

  •  availability of a mobile version;
  •  round the clock support;
  •  low transaction fees;
  •  availability for traders from all over the world.

There is no Russian-language version yet, but the creators of the platform are responding to comments in HitBTC reviews and are already working on expanding the language base.

Exchange shortcomings

There is a lot of work to be done on hitbtc.com. Service cons:

  •  lack of partnership programs and investment instruments;
  •  limits on transaction volumes;
  •  a small selection of tools for market analysis.

It does not require mandatory verification, only for fiat trading.Users create personal accounts and manage their assets through them. The account is opened in crypto, after verification, the balance can be replenished in euros and dollars. The term for withdrawing an asset to a card is 14 days. But https.hitbts.com has withdrawal limits depending on the profile verification level:

  •  General – up to $5,000;
  •  Verified – up to $25,000;
  •  Qualified – above $25,000.

Commission for operational transactions – 0.1%, for all others – 0.01%. A significant drawback, noted in the reviews of the hit bts exchange, is the fee for the introduction of a deposit in the amount of 0.0003 BTC. The exchange is not suitable for novice traders and people with small deposits.

Is Lbank an Alternative to HitBTC?

About the Lbank broker reviews are positive. Transaction fee – 0.1%, trading is available in dozens of tokens and cryptocurrencies. Plus it has a mobile version. Like HitBTC, the service works with accounts opened through the IAFT portal. There are two fiats available – the dollar and the Chinese yuan. You can buy cryptocurrency directly from your bank card.
The review of Lbank shows that there are tools for passive investment and a multi-level referral program. In terms of security, both exchanges have high rates, assets are stored in cold wallets.

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