HitBTC is a European-based (Estonia) exchange founded by some brilliant key-people; Brooks A. Bergreen (HIT Technologies Inc., CEO), Michael Liggett CPA (HIT Technologies Inc., CFO) and Dave Merrill (Founder - HitBTC based in Estonia). The Company earned the reputation as the 5th largest by 24 hours trade volume; it offers more than 150 trading pairs, including several newly added ICO tokens and futures. The platform has a reasonably high price in fees which apply charges for at most 0.10% - 0.20% for crypto-to-crypto trades while 1% - 2% for fiat-to-crypto trades, and it doesn’t require an account for basic crypto-to-crypto transactions. However, this Company has the history of hacks – just for the record. Also, one thing I love with this platform, they offered to the user’s a demo mode account – that was pretty helpful, where you can try out with their websites and features and try to feel an easy way of trading without losing anything!
HitBTC offers a lucrative affiliate program; the commission is pretty impressive. Affiliates are paid in Bitcoin and ensured a revenue share percentage of 20% to 75% commission fees depend on spends. This opportunity is a lifetime offered by HitBTC with an agreement wherein the affiliate gets paid every time a successful transaction is carried out by a referred user. There also no minimum earnings for payout and it will manually be requested. Please note that for withdrawal of funds this can take up to twenty (20) business days.
• 150+ Trading Pairs
• High Trading Volume
• Lucrative affiliate program
• No Account Required
• Demo mode available
• Multi-language chat / trollbox
• Fiat deposits/ withdrawals supported for verified users (USD and EUR)
• Advanced application building protocols: REST API and FIX API
• Stable and available order-matching engine.
• Few Support Articles
• Hacked in 2015
• Transaction fees are really high
• Slow withdrawals
• Shady structure
• Lack of a mobile app
• They have API
• Verification is a long and tedious process: Getting verified needs a lot of information
• The demo trading environment has a loading issues.
• Google Authenticator app is required to install to enable two-factor identification.
How to be an affiliate:
Joining the HitBTC partnership program are somewhat different from other affiliate programs, they offer profitable commission fees up to 75%. There are simple steps to follow and start making money.
Step 1: Create an Account and Login: Navigate the Affiliate Program section
Step 2: Generate as many links as you need: it recommended to use different links to different social media posts and time of posting
Step 3: Start sharing your affiliate links on your channels: e.g., you can add your referral links to your comments on a social network, email, forum, blogs, etc.
Step 4: Invite people to join: A successful user who registered using your affiliate link and made an order or transactions will automatically count as your referral.
Trading on HitBTC will vary on the levels of accounts that you would be able to get verified with HitBTC, each of these levels have their advantages – the higher the level, the higher the trading volume.
The first level is “General Account,” where the user can deposit crypto-currency for free and with a daily withdrawal limit is EUR 5,000 worth of cryptocurrency, also FIAT transaction is not available for this general verification tier.
The second tier is “Verified Account,” where the user is entitled to get a free deposit of crypto-currency and a maximum withdrawal of EUR 25,000 worth of cryptocurrency per day. FIAT limit would have $2,000 (USD, EUR) per week and $10,000 (USD, EUR) in a month.
The third tier is “Qualified Account,” where authorized to withdraw more than $25,000 worth of crypto-currency per day and FIAT would have $10,000 (USD, EUR) per week and $50,000 (USD, EUR) per month for both depositing and withdrawal funds. Of course, No fees applied any crypto-currency deposits.
Cold storage and Encryption mentioned on the HitBTC homepage as their crypto-currency storage to secure client’s funds. HitBTC offers cold storage wallets crypto-currencies, giving users the option to have offline storage for their funds. However, it’s considered less secure to use a third-party service for cold storage.