HitBTC is a Chicago based cryptocurrency exchange founded in 2014 and is #12 on BlockExplorer’s top 25 exchanges of 2017 list.
HitBTC supports a huge number of trading pairs, with high amounts of activity on most of them. All of the trading pairs on HitBTC are crypto/crypto and offers an API for programmatic trading.
HitBTC is recommended for mid to large scale traders looking for a high activity exchange.
Total trading pairs: 273
Deposit fees: Yes, for some currencies
Withdrawal fees: Yes
Trading fees: Yes, -0.01% – 0.1%
Verification: Yes, but unneeded
Registration is exquisitely simple, requiring only an email and password. After submitting the registration form, you will receive an email with a confirmation link.
HitBTC breaks its trading fees into the usual maker/taker model. Where takers pay a fee of 0.1% on all trades, makers receive a fee of -0.01%, meaning makers receive additional currency when making trades. Otherwise, fees for deposit and withdrawal are set per currency and can be seen on the wallet page.
HitBTC’s interface is highly configurable. While defaulting to a day mode with bright colors, it has a night mode with darker colors. The main exchange page has plenty of information presented in an organized manner. On the main page there is a chart of the currently selected pair, a method of switching trading pairs, buy/sell order forms, an order book, a small chat window, and a list of your current active orders. On the top right of the page is your current balances that are relevant to the currently selected trading pair, alongside their estimated worth in BTC and USDT
The chart can be switched between HitBTC’s chart and a chart generated by TradingView. The TradingView chart is more configurable, but it does not follow your configured theme, so you may find it to be extremely bright if you switch to it during a late night trading session. Otherwise, the entire layout of the trading page can be changed to your personal preference.
At the time of writing, verification was unnecessary to do any sort of trading, and unverified accounts had the “general” designation. The language around the verification page seemed to indicate that this would change at some point in the future. The “General” verification level is given to all new accounts and has no withdrawal or deposit limits.
Getting verified is a single step process where you email a large amount of personal information to HitBTC’s compliance department. The personal information required is as follows:
- Full name
- Date of Birth
- Country of birth
- Bank account information
- Government ID
- Proof of residence
- Proof of bank account ownership
After sending your email, verification should take between three and five working days.
HitBTC pays attention to security features, passwords have no length limits. You can configure automatic logout after a set amount of time, and to go with that, you can log out all active sessions.