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 (or its equivalent), and there is a commission of 0.1 percent. 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.

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It has also received praise for high availability, uptime, and fault tolerance. Any time you can check if your account wasn’t accessed by a violator. In the Security tab, you can see the history of connections with IPs and locations and the list of the active sessions. If some HitBTC Review of them seem suspicious you can terminate them in one click. The next thing you should do after this is change your password so the bad actor won’t be able to log in one more time. Another security feature is the opportunity to create a whitelist of withdrawal addresses.

How to Use HitBTC

After submitting all they want then comes the question of source of funds. For long time traders with hundreds of deals over the years to dig the requested information about source of funds for the cryptocurrency deposited is impossible. This scam backdating the so called consent that we imply by opening account there.

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HitBTC does have a KYC process, but whether it’s mandatory depends on the user’s level of activity and the type of transactions they are conducting. For basic operations and withdrawals, HitBTC may not require KYC verification, allowing users to trade anonymously to a certain extent. HitBTC is a cryptocurrency exchange that has carved out a name for itself since its inception. Originating in Hong Kong, this platform has become a go-to destination for traders globally. Today we will review HitBTC, a cryptocurrency exchange that offers high liquidity and access to the largest cryptocurrency collection in the industry. Cryptocurrency is a highly volatile market sensitive to secondary activity, do your independent research, obtain your own advice, and only invest what you can afford to lose.

The API for HitBTC is robot-friendly, so you can use your trading bot if you have one. The API also has low latency data, as well as execution feeds. Finally, stop-limit orders let you make a limit order for a specific price. When it reaches this stop price, your stop-limit order turns into a limit order. With this type of order, you specify the stop price and a limit price. Reaching the stop price is what triggers the limit order, using your selected limit price.

So, limit orders to buy are for the limit or a lower amount, while limit orders to sell are for the limit or a higher amount. This is ideal if you know the price at which you are willing to trade. When you create this order, the funds are reserved in your account and you can view them; they also appear in the order book.

• HitBTC scams by creating endless obstacles to people trying to withdraw their funds.
• Feel free to post useful sites, news and events in the crypto scene.
• HitBTC platform was developed in late 2013, making it one of the oldest cryptocurrency exchanges in the industry.
• Please note that our KYC procedure complies with international AML policies and is in line with GDPR.We approach matters of security and compliance with utmost care.
• Transactions through Debit and Credit card is not available in HitBTC, so no fees for that.
• I have been told my original code and my backup code has expired.
• Please note that the verified users on HitBTC fall into their tier fee system.

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