HitBTC offers access to 500+ spot trading pairs with default maker/taker fee of 0.12%/0.25%. HIT (ecosystem’s native token) holders can enjoy fee discounts ranging from 3% to 45%.
HitBTC exchange supports bank card and eWallet payments (e.g., Google Pay, Apple Pay, and Visa.) It also offers Futures and Margin markets with a liquidation fee of 0.5%.
HitBTC (Company Information and Regulation)
Founded in 2013, HitBTC is located in Hong Kong, and it has a representative office in Chile.
The company has been funded in two stages, raising a total amount of $11M.
Key facts about HitBTC:
- Service Provider: Htechno Business LTD;
- 800+ trading pairs;
- 500+ spot instruments;
- Not regulated by any financial authorities;
- 24/7 support.
HitBTC Specific Features
The exchange was an early innovator, the first to provide reliable and fast REST, WebSocket, and FIX API access for Algo traders.
here’s a quick look at what HitBTC has to offer.
Exchange | HitBTC |
Launch Date | 2013 |
Levels | Level 1 - 10 |
Trading Fees | Spot/Margin Maker/Taker - 0.12%/0.25% Futures Maker/Taker - 0.02%/0.07% |
Restricted Countries | the USA, North Korea, Sudan, Crimea and Sevastopol, Cuba, Syria, United Kingdom, Canada, Belgium, France, Germany, Italy |
Supported Coins | 500+ |
Futures Trading | Yes |
Minimum Deposit | variable based on the currency |
Deposit Methods | Crypto, Bank Cards (3rd party) |
Withdrawal Methods | Crypto |
Maximum Leverage | 1:100 |
Minimum Trade Size | variable based on the trading pair |
Security Factors | 2FA, Cold Storage, White Lists |
Services | Futures, Margin, Fix API, REST, WebSocket |
Customer Support Ways | Ticket, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | No |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | HIT |
HitBTC User Levels
The exchange employs a tiered user level system that rewards frequent traders with lower spot and futures trading fees.
Here's an overview of the HitBTC user levels.
Level | 30D Trading Volume (USDT) | Spot / Margin | Futures | ||
Maker | Taker | Maker | Taker | ||
1 | ≥ 0 | 0.12% | 0.2% | 0.02% | 0.07% |
2 | ≥ 100,000 | 0.09% | 0.15% | 0.02% | 0.07% |
3 | ≥ 500,000 | 0.08% | 0.12% | 0.02% | 0.07% |
4 | ≥ 1,000,000 | 0.07% | 0.1% | 0.02% | 0.06% |
5 | ≥ 10,000,000 | 0.06% | 0.08% | 0.01% | 0.06% |
6 | ≥ 50,000,000 | 0.04% | 0.06% | 0.01% | 0.05% |
7 | ≥ 100,000,000 | 0.02% | 0.05% | 0% | 0.05% |
8 | ≥ 500,000,000 | 0% | 0.03% | 0% | 0.05% |
9 | ≥ 1,000,000,000 | -0.01% | 0.02% | 0% | 0.05% |
10 | ≥ 5,000,000,000 | -0.01% | 0.0149% | -0.01% | 0.04% |
HitBTC Exchange Fees Explained
The platform’s fee structure mainly consists of trading commissions and withdrawal fees, since deposits are commission-free.
While the withdrawal costs vary based on the cryptocurrency, the trading fees are calculated based on the user level, which we discussed earlier in this HitBTC review.
Default trading costs on HitBTC:
Market | Maker | Taker |
Spot/Margin | 0.12% | 0.25% |
Futures | 0.02% | 0.07% |
Clients can get additional discounts on trading costs by holding the ecosystem’s native token, HIT. Note that the discount only applies to Spot and Margin fees.
The exchange also charges 0.5% of the position’s value as liquidation fee for Futures and Margin contracts.
Available Coins on HitBTC
The exchange boasts an impressive selection of cryptocurrencies, including popular tokens and emerging projects.
HitBTC has listed over 500 instruments, including:
- Bitcoin (BTC);
- Ethereum (ETH);
- Tether (USDT);
- Ripple (XRP);
- Litecoin (LTC);
- Cardano (ADA);
- Polkadot (DOT);
- Uniswap (UNI);
- Chainlink (LINK);
- The Graph (GRT);
- SushiSwap (SUSHI).
HitBTC Futures and Margin Trading
The company offers both futures and margin trading options for users looking to boost their trading power with a leverage of up to 1:100. HitBTC has listed over 800 trading pairs.
Futures
- Up to 100x leverage on select trading pairs;
- 34 perpetual futures trading pairs against USDT, including SOL, BTC, SHIB, XRP, EOS, LTC, AVAX, BNB, and ETH;
- Useful for speculating on price movements or hedging positions.
Margin
- Up to 10x leverage on select trading pairs;
- Requires 2-factor authentication and separate margin account;
- Customizable collateral and position sizes;
- 35 BTC, 2 Fiat (BRL and TRY), 3 ETH, 72 USDT, 2 HIT, and 2 USDC.
HitBTC KYC and Registration
HitBTC requires users to complete a Know Your Customer (KYC) verification process to comply with anti-money laundering regulations and enhance platform security.
- Visit the HitBTC’s official website;
- Click “Sign up”;
- Provide an email address and set a strong password;
- Click on the verification link sent to your email;
- Confirm the terms of use;
- Navigate to the KYC section in the Settings menu;
- Provide personal info and residential address;
- Upload proof of identity (Passport, driving license, or ID card)
- Provide a selfie holding a handwritten note and the proof of ID document;
- Enter your phone number;
- Click “Request Verification”.
HitBTC Exchange Security Measures
Security is paramount in the cryptocurrency space, and HitBTC implements several measures to protect user funds and data, including:
- Cold storage;
- Two-Factor Authentication (2FA);
- Physical security key (YubiKey);
- Whitelist wallets;
- SSL encryption;
- Regular security audits;
- Compliance with data privacy regulations, such as GDPR.
While HitBTC takes significant steps to ensure platform security, it's important to note that no system is 100% immune to breaches.
Users are advised to practice good security hygiene, such as using strong passwords and enabling 2FA.
HitBTC Payment Methods
We must discuss the payment options in this HitBTC review. while the company only supports crypto transactions, it uses 3rd party providers to offer bank card payments for crypto purchase.
Bank cards are available only for crypto purchasing using two payment providers, Mercuryo (Visa, MasterCard, and Apple/Google Pay) and Moonpay (Visa and MasterCard).
HitBTC bank card deposit limitations:
Payment Provider | Minimum | Maximum |
Moonpay | $30 | $12,000 |
Mercuryo | $30 | $15,899 |
HitBTC User Satisfaction
Trust score is one of the most important topics in this HitBTC review. the ecosystem hasn’t performed well in the eyes of users and experts, since it has lower than average ratings.
1.2/5 based on 2,110 reviews | |
CoinGecko | 4 out of 10 |
There are Numerous complaints about withdrawal issues and delays, poor customer support, and account freezes on HitBTC’s TrustPilot profile.
Does HitBTC Offer Growth Plans or Copy Trading?
The exchange doesn’t offer any Earn programs (e.g., Staking, and Yield Farming) or copy trading features.
However, it offers a robot-friendly API with low latency data and execution feeds, designed for automated and algorithmic traders.
HitBTC communication protocols:
- Representational State Transfer (REST);
- WebSocket;
- Fix API.
Writer's Opinion and Conclusion
HitBTC provides 150 Futures and Margin trading pairs with leverage options of up to 1:100. The default trading fees for futures makers/takers are 0.02%/0.07% on HitBTC exchange.
Despite providing robust API services using three protocols, including REST, WebSocket, and Fix, the lack of Staking and live chat support has caused numerous negative HitBTC reviews on TrustPilot and a bad rating of 1.2 out of 5.
