Perfect For Spot Trading
HitBtc has been in operation since 2013 and has become a force to be reckoned with when it comes to spot trading. A lot of traders make use of exchanges such as Binance and FTX when it comes to spot trading. These are really great exchanges as well and definitely have their own special niche advantages and perks.
However, when it comes to liquidity, HitBtc leads the way! Even Binance does not match HitBtc in this regard, as HitBtc was recently crowned the most liquid Crypto exchange. According to HitBtc they have the largest spot trading market in the industry and can be seen in their "About Us" introduction.
HitBTC, founded in 2013 by experienced system architects and technology experts, is one of the oldest and fastest growing crypto exchanges in existence. With an unparalleled track record of reliability, we offer our clients a comprehensive range of services that are accented by our smooth order execution, state-of-the-art trading terminal, and unmatched liquidity. Our exchange is the largest spot trading market in the industry with over 800 trading pairs and 500+ spot instruments supported, including Bitcoin, Ethereum, EOS, Litecoin, Tron and others.
As you can see there are no shortages of trading pairs to choose from in their trading arsenal. BAT, LRC and DAI are also available, for the Publish0x users. The fact that there is such high liquidity and volume makes HitBtc an obvious choice for spot trading, especially if you are a larger player. Larger traders are often very restricted as they battle to find markets where they can move in and out of trades easily. You cannot trade without liquidity and that is where HitBtc have really excelled and built a high powered and robust trading machine over time.
The Clean Yet Detailed UI
Below is an ordered succession of screenshots of your complete trading screen on the HitBtc Exchange.
Many traders would really enjoy trading this machine! The UI is great and the execution is fast and slick, as well as inviting and comfortable to trade. Some exchanges are just very basic and uninviting, whereas HitBtc is very smart, professional and inviting. There are always tons of trading competitions on the go, if you are a trader prone to taking up the challenge.
The account section seperates your wallet balance from your trading balance, so you have to move funds into your trading account in order to trade. I really enjoy this aspect, as one can seperate profits in the wallet balance and continue to trade with the assigned trading capital.
For those who wish to compartmentalize funds even further, HitBtc also provide the option of sub-accounts! I have mentioned in previous posts that I am a huge fan of sub-accounts. I like things organized, seperate and tidy and sub-accounts definitely help make that possible.
The reports section is detailed and offers you a number of different metrics that you can pull up and export to a spreadsheet.
View your complete trade analysis, orders, trades, withdrawals and deposits. If you are a professional trader then having access to these metrics and records is an essential tool.
The One Negative To HitBtc
I guess there always has to be something that is not quite perfect and when it comes to HitBtc that is the withdrawal fees. Trading fees are standard and competitive with other exchanges in the marketplace. However, I have noticed that the withdrawal fees are quite heavy relative to other exchanges. If you are trading spot for profit, then there is a silver lining! Doge withdrawals are the only reasonably priced fees that I have seen, at only 2 Doge. So traders trading for profit can convert profits to Doge and withdraw in an inexpensive way.
In short, HitBtc is a very professional and efficient exchange that caters especially to active spot traders. With reports, sub-accounts and high liquidity, HitBtc make a very attractive offer. The high withdrawal fees can be avoided if one uses Doge as a withdrawal method. Important to note that Doge is a pretty stable coin, not prone to sudden dumps. I would definitely recommend HitBtc and hope to see them advance even further in time!