Quick overview
HitBTC is a pro-focused exchange offering massive pair variety, low fees, and developer tools - but it's notorious for slow support and withdrawal issues.
What it offers
- 800+ trading pairs including niche altcoins.
- Demo trading and FIX/WebSocket API access.
- Low maker/taker fees and volume rebates.
- Advanced tools ideal for bot builders and quant traders.
Volume and liquidity
Core pairs like BTC, ETH, and USDT show decent depth. Mid-caps and obscure tokens vary. Volume is solid on majors, while some lesser pairs are thin. Liquidity matches the exchange’s alt-heavy design.
Security and transparency
Two-factor authentication and cold storage are standard. HitBTC hasn’t suffered major breaches since 2015. But the lack of proof-of-reserves keeps trust incomplete in today’s market environment.
Fees and usage
Maker fees start at 0.1%, taker at 0.2%. High-volume rebates apply, reaching negative fees. That’s attractive for active traders. Inactivity fees and sudden policy changes have upset some users.
Pros and cons
- Pros: Huge asset range, pro tools, demo mode, volume incentives, solid uptime.
- Cons: Slow KYC, withdrawal delays, weak support, no proof-of-reserves, mixed reputation.
Verdict
HitBTC suits experienced traders and algo builders. It’s packed with features but demands patience. Treat it like a tool - not a community hub. For obscure tokens and automated setups, it's useful. For peace of mind, caution is wise.