HITBTC registerd in the UK in early 2015. The exchange offers a collection of the most common crypto to crypto trading pairs. The volume has been steadily rising providing decent liquidity and a narrowing bid ask spread.
Security is good with its two factor authentication and with an unblemished track record.
Trading fees vary depending on whether the order is executed immediately – i.e. removing liquidity or adding liquidity – if a trade is executed immediately then the fee is 0.1% and if placed on the orderbook they receive a rebate.
Is HitBTC Safe?
HitBTC did experience a hack back in 2015 shortly after it launched.
As an experienced exchange, HitBTC takes security seriously. It has multiple strategies in place to keep your information and account safe. HitBTC strongly encourages users to take advantage of the two-factor authentication. It also uses cold storage for most of its funds and relies on advanced encryption technology to hide your information from hackers.
HitBTC also makes several recommendations for users to further protect their account. It suggests creating a strong password that you change every several weeks. You can set up the two-factor verification via the “Security” tab of “Settings,” activating it for withdrawals, logging in, and/or adjusting your settings. For added security, the exchange sends you an email notification whenever your account is accessed from a new IP address.
There is also the option to terminate all sessions, which will automatically log out all your active sessions, except for the one you use to perform this action. You can find the option in the “Security” tab. On a related note, you can enable automatic logout, which is once again on the “Security” tab. You can choose how often you are logged out automatically, with options of 30 minutes, 1 hour, 8 hours, 1 day, 7 days, or never.
If you ever have any doubts about your account security or whether you were hacked, you can also view your latest activity in the “Security” tab. This includes such actions as withdrawing money, enabling or disabling two-factor verification, changing your password, and signing in.