HitBTC exchange evaluation: analysis of company background, security, platform features, advantages and disadvantages
- WBOYOriginal
- 2024-08-21 16:00:01701browse
HitBTC Exchange was established in 2013 and is an established cryptocurrency exchange that provides a wide range of trading pairs, low transaction fees and advanced trading tools. But be aware of its hacking history and limited customer support.
HitBTC Exchange Review
Company Background
HitBTC was founded in Hong Kong in 2013 and is an established cryptocurrency exchange. It focuses on offering a wide range of crypto asset trading pairs, including popular cryptocurrencies and lesser-known coins.
Security
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HitBTC employs multiple layers of security including:
- Cold wallet based storage
- Two-factor authentication
- Distributed Denial of Service (DDoS) protection
- Regular security audits
- Nonetheless, HitBTC has suffered from hacks in the past, so users should be cautious when depositing large amounts of funds.
Platform Features
- Extensive trading pairs: HitBTC offers more than 800 trading pairs covering various cryptocurrencies, stablecoins and tokens.
- Low Transaction Fees: HitBTC’s transaction fees are competitive in the industry, based on transaction volume and market size.
- Spot and Leveraged Trading: Users can trade spot or trade with leverage up to 100x on HitBTC.
- Advanced Trading Tools: HitBTC offers a variety of trading tools such as stop-loss orders, limit orders, and chart analysis.
- Mobile App: HitBTC has a convenient mobile app that allows users to trade anytime and anywhere.
Pros and cons analysis
Pros:
- Wide range of trading pairs
- Low trading fees
- Advanced trading tools
- Mobile app
Cons:
- Past Hacking History
- Poor customer support
- Not available in all countries
Conclusion
HitBTC is an established cryptocurrency exchange known for its wide range of trading pairs, low trading fees, and advanced trading tools. However, its hacking history and limited customer support should also raise concerns among potential users.
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