Claiming the “most advanced Bitcoin exchange,” HitBTC has been in operation since 2013. The exchange was developed by experienced traders, finance professionals, and software developers to be able to cater to the needs of everybody.
The system’s core matching engine features advanced order matching algorithms, real-time clearing and has been recognised for high availability, up-time, and fault tolerance.
HitBTC is also known for being a bot-friendly exchange. They have a great set of APIs making HitBTC attractive to trading bot developers.
Country of Origin: Hong Kong – Currently operating from Europe
Exchange Token: No
Fees: 0.1% – Takers 0.01% – Makers
Volume: BTC/USD $63,171,800 1.59% of market
Fiat to Crypto: EUR and USD
Reported Hacks: In early 2015, HitBTC was hacked at around the same time as BTER and Excoin. HitBTC did not disclose how many coins were stolen and commented that no user funds were affected.
Trading pairs currently available: 697
Top pairs by Volume:
1. BTC/USDT $63,231,500 25.32%
2. BCH/BTC $22,563,800 9.04%
3. ETH/BTC $20,893,600 8.37%
4. XRP/BTC $20,619,800 8.26%
5. EOS/USDT $15,958,200 6.39%
There are two types of trading commissions on HitBTC: fees (0.1%) or Takers and rebates (0.01%) or Makers. Fees are those that you pay, and rebates are being paid to you.
The logic is as follows: you’re paying for emptying the order book, and you’re being paid for adding new lines in the order book.
For example, you’re creating a market order. Being executed, it removes liquidity from HitBTC order book, fills other users’ orders. Same thing happens as you’re creating limit order which already has suitable pair in the order book. In that case you’re paying 0.1% fee as your order is being executed.
In case you’re creating a buy limit order below the current price, or a sell order above the current price, your order is being added to the order book. You’re increasing the liquidity, that’s why you’re being paid with 0.01% rebate as your order is being executed.
Security features & tools of HitBTC
- E-mail notifications about new IP logins
- Terminating all sessions feature
- Automatic logout timed
- Latest activity tracking
- Whitelist of withdrawal addresses
HitBTC affiliate program
HitBTC have a good affiliate program, simply invite friends to join trading on HitBTC using your own custom links and you will get rewarded up to 75% of their trading fees. The more users you engage and the more they trade, the more you gain.