Copyright © 2017-2019 LHCrypto
All rights reserved.

The basics of crypto trading

HitBTC

bithumb
Year 2013
Founders Dave Merrill
Origin Chile

HitBTC – a reliable exchange; one of the globally largest one in terms of the traded volume. It supports more than 150 currency pairs, operates with fiat money (euro, dollar), offers low fees for traders (up to 0.1%), and charges bonuses for purchasing currency.

The story behind

HitBTC Exchange supports purchasing of cryptocurrency, tokens and ICO. Today, the platform operates more than 150 different currencies for trading. The representative office of the company is located in the urban commune of Las Condes in Chile.

Appearance

HitBTC was founded by an Estonian entrepreneur Dave Merrill in 2013. Initially, the platform operated on the Estonian and European markets, but today it provides services in other countries of the world as well. The service was established by financial experts as a platform for helping traders to perform over-the-counter trading (without any intermediate parties, a user purchases/sales directly to a counterparty at the market prices).

Development

The Cryptocurrency exchange was founded in 2013. Immediately, 6 million dollars was invested in the project to develop the service. Among the founders, there were not only financial experts, but talented software specialists and professional traders as well.

The official launch of the platform took place only in 2014. At that time, only 4 cryptocurrency pairs were traded on the exchange (with of Bitcoin and Litecoin). The same year, other changes were introduced:

The company was officially registered only in 2015, and in autumn 2016 fiat money (dollars and euros) became available to traders as an addition to cryptocurrencies. But to work with them verification is required.

The service’s official website is available to users from all over the world. The main language of the platform is English. Besides it, Chinese, Korean, Spanish and Portuguese languages are supported. The exchange offers no Russian version.

Nowadays, HitBTC is included in the top 5 largest cryptocurrency exchanges in terms of the traded volume. And these indices keep growing, which increases liquidity of the offered currencies and the service itself.

The most popular currency among traders is Bitcoin. It accounts for about 30 – 40% of the total transaction volume. The second and third most popular are Dash and ETH (15% each). More than 150 cryptocurrencies and fiat money participate in trading.

The exchange development forecast for 2019 – 2020

HitBTC Exchange is believed to be one of the most popular cryptocurrency trading sites in the world. The platform enjoys a large number of regular and satisfied customers. Beginners are welcomed here as well. A user-friendly and simple interface enables to acquire working principles in no time.

An efficient performance of the support service, proper security level, and high liquidity of the offered currencies make it reasonable to believe that the traded volume will grow in the years to come. To increase the users number and the operations amount in the near future, it is planned to:

The platform plans to increase the number of cryptocurrencies, implement new electronic currencies, and introduce new functions.

How to use the exchange

The service has a user-friendly interface, and a nice adaptive design. It is easy and convenient to work at the exchange, which is confirmed by feedback from users who are already familiar with this trading platform. All you need to do to start trading is to complete a simple sign up procedure.

Sign up

Sign up at https://hitbtc.com/ website is one of the quickest and simplest. You should click at the “Register” button.

hitBTC Main

All you should do to create a new account is to enter the email address and create a password.

hitbtc sighup

Immediately, you will get a link to confirm registration to the email specified. After following it, you need to read through the service policy and agree with it. Then, a trader will see his account and will be able to start trading immediately after he deposits funds to the account.

Verification

The confirmation of a user’s identity is not required for working at the exchange. However, in this case the volume of available operations will be limited. Deposit and withdrawal will be available in cryptocurrencies only. To use fiat money, one has to complete verification. A user needs to fill in the information and attach the documents to a letter to the specified email. The letter should contain the following information:

The identity verification procedure may take longer than 1 day, depending on the workload of the support service.

To perform SWIFT transfers in dollars and payments via the SEPA system in euros, a user will have to receive a letter or a statement from the bank. The latter deposit option is available for European residents only.

Security

To protect its users, the cryptocurrency exchange performs several ways to protect the personal account:

Additionally, a trader can check the list of log-ins to the account with detailed information (IP address, country, date, activity).

Deposit and withdrawal

To start operating the service, it is recommended for a beginning trader to watch the exchange review. There is a separate tab “Account” for depositing and withdrawing of funds. There, the account can be deposited with:

The system charges no additional fees for crediting funds.

hitbtc

Withdrawal from the account is performed in almost the similar way. Each operation already the fixed fee amounts (individual for each cryptocurrency). In the window, a user can enter the withdrawal amount and the amount credited will appear on the screen. After that, all you need to do is to enter the wallet address.

hitbtc

Trading

Users who are not acquainted with the service are mostly interested in learning how to trade at the platform. There is a special “Exchange” tab for such operations.

hitbtc

Here, a user can find charts of exchange rate changes all currency pairs, separate chat rooms in supported languages, tools for buying and selling of cryptocurrencies, and placing of orders. The tool column includes 7 major currencies. By clicking on any of them, a user can see the available currency pairs on the screen. Also, a user can create his own list of favorite currency pairs to monitor them all at the same time.

hitbtc

Below, there are options for placing buy and sell orders. On HitBTC exchange, there are as many as 3 types of them:

At the same place here, a user can find the information about fees charged by the exchange. For those who sell cryptocurrency, it amounts to the following:

If a trader purchases currency, his operation is subject to no fees; on the contrary, he receives a commission amounted to 0.01% to his account. Such a policy is aimed at attracting new investors, boosting interest in cryptocurrencies and increasing their liquidity.

Advantages and disadvantages

HitBTC has its advantages and disadvantages. The most important advantages include:

Significant disadvantages include lack of many foreign languages on the site, unavailability of deposits in euros even for a verified account for residents of non-European countries, and lack of a mobile version. Despite all these factors, the exchange remains one of the most demanded platforms for traders.

Are you ready to start?
Open Account Be a Partner

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:

LARSON AND HOLZ IT LTD

All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, North Korea, Sudan and Syria.

visa mastercard 3D secure visa 3D secure mastercard VLOAD