Cryptocurrency trading has evolved rapidly, and choosing the right exchange is more critical than ever. Among the long-standing platforms in the digital asset space, HitBTC stands out for its extensive trading options, broad cryptocurrency selection, and competitive fee structure. This comprehensive HitBTC review explores everything you need to know about the platform — from security and fees to trading features and user experience — helping you determine whether it’s the right fit for your trading goals.
What Is HitBTC?
Launched in 2013, HitBTC is one of the earliest cryptocurrency exchanges still operating today. Originally founded by Ullus Corporation in Hong Kong, the platform has grown into a global trading hub known for high liquidity and advanced trading tools. It supports over 450 cryptocurrencies and 960+ trading pairs, making it a go-to choice for traders seeking diverse digital asset options.
HitBTC operates primarily as a crypto-to-crypto exchange, meaning it does not support direct fiat deposits or withdrawals. However, it integrates third-party payment providers like MoonPay and Mercuryo to enable users to buy crypto using fiat currencies. The platform also features its native utility token, HIT (HitBTC Token), an ERC-20 token that provides fee discounts and rebates for active traders.
Key Features of HitBTC
HitBTC offers a robust set of features tailored to both beginner and experienced traders:
✅ Trading Types
- Spot Trading: Buy and sell cryptocurrencies instantly.
- Margin Trading: Trade with leverage (up to 5x).
- Futures Trading: Access perpetual and futures contracts.
- OTC Trading: Execute large-volume trades off-market to minimize slippage.
🔐 Security Measures
- Cold Storage: The majority of user funds are stored offline.
- Two-Factor Authentication (2FA): Adds an extra layer of login protection.
- IP Whitelisting & Withdrawal Address Whitelisting: Restricts withdrawals to pre-approved addresses.
- High-Level Encryption: Protects user data and communications.
📈 Advanced API Support
HitBTC provides a powerful API suite including:
- REST API
- WebSocket API
- FIX API
These tools allow algorithmic traders and bots to execute high-frequency trades with minimal latency.
🧪 Demo Trading Account
New users can practice trading risk-free using a demo account with virtual funds. This feature is ideal for learning the platform interface and testing strategies without financial risk.
💰 Staking Opportunities
Users can earn passive income by staking select cryptocurrencies directly through their accounts. Annual Percentage Yields (APY) range from 1.1% to 14.5%, depending on the asset.
👉 Start practicing with a demo account today and master crypto trading without risk.
Supported Cryptocurrencies and Trading Pairs
HitBTC supports more than 450+ digital assets, including major coins and emerging altcoins. Popular cryptocurrencies available include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- XRP (Ripple)
- Litecoin (LTC)
- Solana (SOL)
- Cosmos (ATOM)
- DYDX
- The Sandbox (SAND)
With over 960 trading pairs, HitBTC offers deep market depth, especially in BTC and USDT pairs, which enhances liquidity and reduces price slippage during trades.
How to Use HitBTC: Step-by-Step Guide
🔐 Creating an Account
- Visit the official HitBTC website.
- Click "Sign Up" and enter your email address.
- Confirm your email and accept the terms of service.
- Enable 2FA for enhanced security.
- Complete KYC verification (required for full access).
KYC processing may take up to two weeks, so plan accordingly if you intend to trade large volumes.
💵 Buying Cryptocurrency
While HitBTC doesn’t support direct bank transfers, you can buy crypto using:
- MoonPay
- Banxa
- Mercuryo
Steps:
- Click "Buy Crypto".
- Select your fiat currency and desired cryptocurrency.
- Choose a payment provider.
- Enter payment details and confirm.
- Receive crypto in your wallet within minutes.
📤 Withdrawing Funds
- Navigate to "Withdraw" under the desired cryptocurrency.
- Paste your external wallet or exchange address.
- Select the correct network (e.g., ERC-20, BEP-20).
- Add a memo/tag if required.
- Confirm and wait for transaction completion.
⚠️ Always double-check network compatibility to avoid irreversible fund loss.
Fee Structure: Maker-Taker Model
HitBTC uses a volume-based maker-taker fee model, rewarding high-volume traders with reduced or even negative fees.
| Tier | 30-Day Volume (BTC) | Maker Fee | Taker Fee |
|---|---|---|---|
| 1 | ≥ 0 | 0.09% | 0.09% |
| 5 | ≥ 1,000 | 0.03% | 0.06% |
| 8 | ≥ 20,000 | 0% | 0.04% |
| 10 | ≥ 100,000 | -0.01% | 0.02% |
Negative maker fees mean you earn rebates for adding liquidity.
HIT Token Discounts
Holding or trading with HIT tokens unlocks additional fee discounts:
- Up to 45% discount based on HIT balance and trading tier.
- Discounts apply automatically when HIT is used in trading pairs.
Futures & Margin Fees
- Futures Fees: Fixed at 0.02% (maker) and 0.05% (taker).
- Liquidation Fee: A 0.5% fee applies if a margin or futures position is liquidated.
Withdrawals are charged at network fee rates, with no additional platform markup.
Mobile App Experience
HitBTC offers a mobile app available on both the Apple App Store and Google Play, with average ratings of 4.1 and 3.8, respectively. The app supports:
- Real-time portfolio tracking
- Price alerts
- Order execution
- Deposit/withdrawal management
While functional, some users report occasional bugs and slower response times compared to leading competitors.
👉 Explore a top-rated crypto platform with seamless mobile trading tools here.
Customer Support & Transparency
HitBTC provides:
- A comprehensive support center with FAQs and guides.
- A chatbot for quick query resolution.
- Email support with responses typically within 24 hours.
However, transparency remains a concern:
- The founding team and executives are not publicly disclosed.
- No proof of reserves is published.
- Limited public communication following past security incidents.
Frequently Asked Questions (FAQs)
Is HitBTC safe to use?
HitBTC employs strong security practices like cold storage and 2FA. However, it suffered a security incident in 2021, reportedly losing around $1 million. The lack of transparency around the event raises concerns for some users.
Can I trade on HitBTC without KYC?
Yes, but with significant limitations. Unverified accounts face caps on deposits, withdrawals, and trading volume. Full access requires identity verification.
Is HitBTC available in the United States?
No. HitBTC does not support users from the U.S. due to regulatory restrictions.
Does HitBTC support fiat currencies?
Not directly. While it doesn’t offer bank transfers, you can buy crypto using fiat via integrated third-party services like MoonPay.
What are the advantages of holding HIT tokens?
HIT token holders receive trading fee discounts, rebates, and priority access to new token listings. Higher balances unlock greater benefits across all trading tiers.
Has HitBTC been hacked before?
Yes. In 2021, HitBTC experienced a breach affecting user accounts. The company did not issue a detailed public report, contributing to ongoing concerns about transparency.
Final Verdict: Is HitBTC Worth It?
✅ Pros
- Over 450 cryptocurrencies and 960+ trading pairs
- Competitive, volume-based fee structure
- Negative maker fees for top-tier traders
- Demo account for risk-free learning
- Strong API support for automated trading
- Staking with attractive APYs
❌ Cons
- No U.S. access
- Past security incidents with limited disclosure
- Anonymous team leadership
- No referral or affiliate program
- Reliance on third parties for fiat on-ramps
Final Thoughts
HitBTC remains a solid option for experienced traders seeking a wide range of cryptocurrencies and low fees at high volumes. Its advanced tools, API access, and demo account make it suitable for both technical traders and newcomers looking to learn.
However, concerns around transparency, past security issues, and lack of regulatory clarity may deter cautious investors.
👉 Discover a transparent, secure exchange with global access and powerful trading tools today.