There are three types of accounts that HitBTC offers. Returns opened position for the requested symbol. By: Ofir Beigel | Last updated: 1/12/21 HitBTC is a cryptocurrency exchange established in late 2013 which is famous for its wide variety of coin listings and advanced trading features. It does offer one of the broadest cryptocurrency markets selection in the entire industry, and its trading fees are the lowest, too. This will result in cancelling all open orders within the position. You can make a lot of money on the $500-1000 BTC moves. In this post I will review the company, its services and share some of my (painful) personal experience with them. Example: The Response is represented as a single JSON Object, with the following members: The parameters of requests, responses, and errors correspond to REST, but have different usage procedures. "BTCUSD"). Closes all positions and then closes all Isolated Margin Accounts. Margin leverage. HitBTC is a multi-faceted cryptocurrency exchange and trading platform with support for over 150 tradable digital assets, including cryptocurrencies, tokens and initial coin offerings (ICOs). In case you want to deposit cryptocurrency directly into HitBTC using fiat currencies, HitBTC has an effective Changelly integration on its site. HitBTC Trading and Withdrawal Fee Schedule Trading fees. You can optionally use comma-separated list of symbols. Although HitBTC used to support fiat currencies such as US dollars (USD), British pounds (GBP), or euros (EUR), it does not support them anymore, and there is no way to link HitBTC accounts with personal bank accounts. HitBTC is considered to be one of the best platforms to buy and sell BTC. HitBTC also has deposit and withdrawal fees. Textual description. As you can see, there is a significant difference in HitBTC trading fees for verified and unverified accounts. Order unique identifier as assigned by trader. Deposit / Withdrawal Fees There are even some cryptocurrency trading sites that charge withdrawals, whenever the user wants to unload the funds from the accounts. You might notice it already. Insufficient funds for creating order or any account operation, HMAC SHA256 sign nonce with API secret key, required on, Order unique identifier as assigned by trader. sequence is monotonically increased for each update, each symbol has its own sequence. GET /api/2/sub-acc/deposit-address/{subAccountUserId}/{currency}. The platform deploys sophisticated audited cryptography schemes that feature strict operational procedures along with user-specified limits and white-lists. HitBTC is an interesting and exciting exchange. User status of a sub-account. Integration for non-developers Cryptosheets provides add-ins with which your CoinTracking data can be imported into Excel and Google Sheets and gets automatically updated. It does not charge fees for cryptocurrency deposits, but incur a cost for placing orders and withdrawing funds from the platform. When it comes to trading, the exchange supports the following standard order types: That said, the actual mechanics of how the site works and how a user trades are surprisingly straightforward. One panel each for placing buying or selling orders. Example: "2017-04-03T10:20:49.315Z", All finance data, e.g. The Security section of the Settings menu also allows the user to see all logins to their account so that they can check to see if there’s an IP address and/or location they don’t recognize. Since then, the exchange has made a name for itself as a go-to place for buying and selling low cap altcoins. Report Save. However, the exchange lacks transparency when it comes to its team and location, which is a major red flag for some. Unrealized profit and loss valued in currency. Kraken is one of the prominent Bitcoin exchange accepting fiat currencies like Euro. The comparison of those popular websites allows to know: Cancels all active margin orders, or all active margin orders for the specified symbol. The trader is called a maker when a participant places a limit order. Despite these red flags, my personal experience with HitBTC remains positive - the exchange does its job, even though high withdrawal fees weren’t a pleasant experience. Reviews in sites like CryptoCompare and BitTrust are mixed, with a slight negative tone, especially in recent times. Unverified users pay 0.1% maker fee and 0.2% taker fee. Fractional share trading. If I think the market is going Bearish, I can sell off some crypto, but place a Stop-Limit order above my sale order incase the market unexpectedly makes a big Bull move. General idea: the fetch trades are sorted by ASC from latest id. "BTCUSD"). Setting margin balance to zero will lead to closing margin account and retrieval all formerly reserved funds to the trading account. A post-only order is an order that does not remove liquidity. Isolated Margin Accounts list: Notification. To sum it up: HitBTC offers some of the lowest cryptocurrency trading fees amongst all crypto-to-crypto exchanges. The commission for withdrawals is flat and depends upon the currency you need to withdraw from your account. HitBTC Deposit and Withdrawal Methods. Mind that HitBTC’s withdrawal fees are far higher compared with other exchanges, so it might not be the best option for depositing small fractions of cryptocurrency. The exchange is often accused of lack of transparency and shadowy businesses practices; however, there is no tangible evidence for these claims. get accounts or subscription report with a list of current margin accounts. Withdrawal fees. HitBTC offers a wide range of trading pairs (over 800) along with … Take MaidSafeCoin (MAID) for example – HitBTC’s 217 MAID withdrawal fee is equivalent to almost CAD$65 at the time of writing in October 2018, which is simply far too high. This happens for safety reasons only – it is standard procedure, and we do it simply because the security of our customers is our top priority," HitBTC spokesperson told Cryptonews.com. The app is available on Google Play Store and Apple’s App Store. We also recommend that our current traders switch to the newest version 2.0. 3) Minus taker and maker fees. It duplicates the value in a request. There is not withdrawal limit. A demo account gives you approximately USDT 4000 worth of cryptocurrency, so you can start experimenting with hypothetical portfolios and strategies, or simply get used to the cryptocurrency trading and HitBTC platform. Also, the exchange employs a sophisticated legal team and complies with GDPR regulations, thus giving you full control over your data and privacy. The main difference between the method "loadTransactions" and "findTransactions": The HitBTC API uses the following error codes: Fetch all trades history for a symbol and keep it updated. Cancel all active orders, or all active orders for a specified symbol. Everything’s fine here. An extensive knowledgebase comprised of articles about all HitBTC platform features. Trading symbol. You can optionally use comma-separated list of symbols. Returns sub-account crypto address for currency. Changes the parameters of an existing margin order. The exchanges board members call these accusations a mere smear campaign “attempting to paint HitBTC in an unfavorable light.”. FIAT transactions are not available for the starter verification tier. Withdrawal Fees: Fees vary ... or show more advanced trade types such as limit orders and OCO (one cancels the other) orders. Trading cryptocurrencies on HitBTC comes with a simple fee structure. A subscription to the transactions has to be used rather than transaction polling. Buy Coins on HitBTC Deposits and Withdrawal Waiting Time. By: Ofir Beigel | Last updated: 1/12/21 HitBTC is a cryptocurrency exchange established in late 2013 which is famous for its wide variety of coin listings and advanced trading features. The Server notifies you of any order updates. The exchange has dedicated API’s which are pretty friendly to crypto enthusiasts which are […] Returns a list of withdrawal settings for sub-accounts listed. If it is not provided, null or empty, the request returns an Order Book for all symbols. Hello, support is working on your issue. Requires the Isolated Margin Account for the order symbol. The HitBTC fee on trading orders is 0.1 % with a 0.01% rebate. Margin account or position has been updated. Service is down for maintenance, 504 Gateway Timeout. There are also reports from forums regarding reliability, with some users having difficulties withdrawing their funds. You should create API keys on the API Setting page. It is well known for low fees, a rapid trade engine, and a vast range of currency pairs. If your post-only order causes a match with a pre-existing order as a taker, then the order will be cancelled. A rule of thumb here is the more secure your account, the faster Bitfinex processes your request. The index is a 64-bit integer, that increases on any transaction update. An Order Book is an electronic list of buy and sell orders for a specific symbol, structured by price level. HitBTC runs a global operation. However, unregulated anonymous exchanges in obscure locations do attract their share of critics. A post-only order is an order that does not remove liquidity. Founded in 2013 and launched in February 2014, HitBTC is an advanced cryptocurrency exchange specializing in altcoin spot trading. Quickness. You can create multiple API keys with different access rights for your applications. How to Transfer from CoinBase to HITBTC - … Learn how margin trading works at our support center https://support.hitbtc.com/en/support/solutions/articles/63000225029-what-is-margin-trading. There is no withdrawal limit on the exchange. However, there are flat fees for withdrawals, and these can be particularly high for some of the newer cryptocurrencies listed on the site. Reportedly, the company was kickstarted with a USD 6 million venture capital investment. It’s important to note that HitBTC is an unregulated exchange, although it does comply with KYC (know you customers) and AML (anti-money laundering) regulations. Table displaying supported cryptocurrency markets. Graph/timeline displaying the value of one currency against another. Offer margin trading and lending. Catering to a worldwide user base, HitBTC was started in 2013 with 6 million euros in venture capital funding. Essentially, it all boils down to you and your risk tolerance level - do you trust the exchange enough to store significant amounts of cryptocurrency there? Optional liquidity taker fee, a fraction of order volume, such as 0.001 (for 0.1% fee), Optional liquidity provider fee, a fraction of order volume, such as 0.001 (for 0.1% fee). CryptoCompare even grants HitBTC the highest score in the data reporting section, indicating that the exchange's liquidity must be real (competing unregulated exchanges that fake most of their trading volume). The ratio of the trader's own funds to funds borrowed from the platform. Set up trading halts and curbs based on specific criteria to prevent flash crashes. Then the Server will send a full snapshot of the data. Personally, I haven’t had any issues with the service yet, but at the same time, I would not recommend depositing more money with it than I can afford to lose. All trades take place in the main “Exchange” dashboard, which features the following array of panels: The entire trading interface is completely customizable so that you can organize these windows in the most convenient order. Order unique identifier as assigned by trader. Closes Isolated Margin Account by symbol. Liquidation trade flag for margin trades, Amount available for withdraw or transfer to trading account, Amount reserved for incomplete transactions, The amount that will be sent to the specified address, Optional parameter. Closes a position for the specified symbol. The CoinBase support service is unstable, so all these factors are very inferior to the HitBTC exchange. Nevertheless, HitBTC exchange is open about its official location. Trades might also be happy to start using the HitBTC mobile app for iOS and Android devices. What You Need to Know - Duration: 3:50. However, there are three account types, these being starter, general, and upgraded. Value indicating, whether sub-accounts were successfully activated. Trading symbol. By default, if strictValidate is not enabled, the Server rounds half down the price and quantity for tickSize and quantityIncrement. In recent years, HitBTC has become a top exchange in terms of market liquidity, competing with such exchanges like Bitfinex and Binance. Users can open three types of accounts; General, Verified and Qualified.