Hitbtc is a cryptocurrency exchange platform that is aiming to serve globally providing individual traders the most advanced exchange and clearing technologies.
The virtual currency exchange platform started in 2013 and is operated by Beta Business Solutions Inc. They kicked off with a 6M Euro venture capital agreement, joint forces by finance experts, software programmers and skilled traders. Hitbtc leads Bitcoin exchanges in Europe which offers EUR, USD and GBP to BTC and other crypto to crypto trading pairs, including those that are newly established.
Currently, for it to be more friendly to cryptocurrency newbies, the European virtual currency exchange gives more focus on the major markets such as Bitcoin and Litecoin. A numerous amount of altcoin can be overwhelming and confusing for beginners.
Hitbtc is said to be built with modern technologies to render exchange service that is fast, reliable and secure. They use a state-of-the-art core matching engine which separates them from other exchange platforms. They provide innovative features such as advanced order matching system, real time clearing, high uptime, high availability and its being fault-tolerant.
When it comes to security, Hitbtc has an unstained trail in providing a safe and secure trading experience to its users. They provide two factor authentication using your mobile device and implement backups in a daily basis which are distributed to servers all over the world. They also provide a list of IPs that had access to your accounts so you will be able to monitor your account activities. The exchange notifies users their security level to ensure that their accounts are well guarded.
Hitbtc also offers special features to professional traders such as Websocket subscription for trades and prices, FOK and IOC orders and websocket-based nonsynchronous exchange interface.
Trading fees depends how the user placed an order. If it is places immediately, then the fee will be 0.1% otherwise if it is placed on the orderbook, users will receive a rebate. Users are required to verify their identity before they can deposit or withdraw their money. There are no fees for deposits through SEPA Euro transfers while miniscule fees are charged through US & UK bank transfers. Withdrawal charges are the same except for SEPA which has a surcharged at a flat rate of 0.9 EUR.
The cryptocurrency exchange has a sleek user interface and design. The interface is easy and intuitive to users where they can easily sign up and navigate throughout the site. They make it as simple as possible without confusing tab names or other extra website designs. So the only thing you will see is a solid exchange platform.
Best for newbies
Hitbtc is also good for newbies in Bitcoin. They offer a demo mode where beginners can learn how to place an order and how the over all trading works. The demo provides a way for users to experiment as much as they want just like in the live market. They also provide descriptions to confusing jargons such as bid, ask, spread and volume. This makes it perfect for those newbies who does not want to risk their money without any trading experience.