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HitBTC is a [[currency exchange]] based in Denmark with market for trading between bitcoins, litecoins, the U.S. dollar, and Euro.  
{{infobox company|name=HitBTC|image=[[File:HIt 256.png|250px]]
|trading_name=HitBTC
|industry=[[Exchange|Fiat exchange]]
|website=https://hitbtc.com/
}}
HitBTC is a leading European bitcoin exchange which provides cryptocurrency trading services to institutionals, merchants and individual traders worldwide. The trading platform was founded in late 2013 and is under operation of Ullus Corporation.  


==Features==
HitBTC provides trading operations for the most popular digital currencies (BTC, LTC, DOGE, QCN, NXT, FCN, BCN, and XMR) and prevailing fiat currencies (EUR, USD). For fiat deposits/withdrawals within the European Union, SEPA transfers are available and wires from other countries are accepted as well.<ref>https://hitbtc.com/fees-and-limits/</ref>


===Currency pairs===
HitBTC declares it's main focus on implementing cutting-edge technologies to cryptocurrency trading. The core matching engine is stated as the most advanced technological product in its class. It implements real-time clearing (T+0 settlement), advanced order matching algorithms and has been acclaimed for its fault-tolerance, uptime and high availability.<ref>http://cointelegraph.com/news/11625/new_bitcoin_exchange_service_is_going_to_predetermine_the_distribution_of_forces</ref>
[https://hitbtc.com HitBTC] supports the exchange between the major currency pairs:


* BTC/USD
* BTC/EUR
* LTC/USD
* LTC/EUR
* LTC/BTC
* USD/EUR


===Fees and limits===
== History ==


{| class="wikitable" style="text-align:center"
The HitBTC platform development started in 2013 with a 6 million USD Venture Capital investments, as of the collaboration between software developers, finance professionals and traders<ref>http://cointelegraph.com/news/11779/investment_boosts_the_launch_of_new_exchanger_hitbtc</ref>.
|-
| Currency || Deposite || Withdraw
|-
| USD || $9 || Flat rate $9
|-
| EUR (SEPA Zone) || No fee || 0.90 €
|-
| EUR || 6 € || 6 €
|-
| BTC || No fee || No fee
|-
| LTC || No fee || Flat rate 0.001Ł
|}


Liquidity providers will be granted a 0.07% rebate upon the execution of their orders.
In February 2014, HitBTC was officially launched with the following instruments: BTC/USD, BTC/EUR, BTC/LTC USD/EUR.  
Liquidity takers will incur a 0.1% execution fee.


Detailed information on fees and transfer limits can be found at [https://hitbtc.com/fees-and-limits HitBTC/Fees and Limits]
In April 2014, HitBTC released Comprehensive Demo Trading, a special trading feature that allows for testing trading strategies and adjustment of API settings.<ref>http://finance.yahoo.com/news/bitcoin-exchange-hitbtc-includes-features-073000193.html</ref>


===Withdrawal / Funding options===
In May 2014, HitBTC launched altcoins voting program aimed to allow the community decide which alternative cryptocurrencies should be added to the market.<ref>https://hitbtc.com/vote</ref>
* Bank Wire Transfer
* Bitcoin address
* Litecoin address


===Features===
During the summer 2014, more trading pairs with altcoins were added, including DOGE, QCN, NXT, FCN, BCN, and XMR<ref>http://www.forexminute.com/bitcoin/hitbtc-adds-nxt-platform-42030</ref>.
<ref>http://www.doge-coins.nl/news-2/press-release-dogecoin-added-hitbtc-today</ref>


Cutting-edge technology places and matches your order in milliseconds.
In September 2014, HitBTC was included in the TeraExchange Bitcoin Price Index <ref>https://hitbtc.com/for-press/release/hitbtc-is-included-in-the-teraexchange-bitcoin-price-index</ref>.


Fast turnaround on deposits, withdrawals and support requests with flexible payment validation.
== General Information ==
[[File:Screenshot1.png|thumb|300px|upright|HitBTC Trading Terminal]]
[[File:Screenshot2.png|thumb|300px|upright|HitBTC Order Book]]


You can use [http://en.wikipedia.org/wiki/Google_Authenticator Google Authenticator] for two-step verification. Protected by SSL.
=== Technical Information ===


Demo trading mode.
<b>State-of-the-art matching engine</b>


===Features for professional traders===
The core matching engine is among the most advanced technological products in its class and implements innovative features such as real-time clearing (T+0 settlement) and advanced order matching algorithms.


WebSocket subscription for prices and trades
<b>Dependable API</b>


Asynchronous WebSocket-based trading interface
HitBTC’s dependable API is extremely stable and will satisfy the needs of algorithmic traders and provides an easy back office integration. It is compatible with HFT set-ups, and algorithmic trading systems.


FOK and IOC orders
* WebSocket subscription for prices and trades
* Asynchronous WebSocket-based trading interface


===HitBTC Traders Challenge===
<b>FIX Compatibility</b>


From 1st to 31st of May, 2014 a unique trading competition being held at hitBTC exchange house. The main prize is one of three Oculus Rift headsets – the winners will be selected based on their best performance trading through the API and through the web interface, as well those with the highest P/L in the shortest amount of time.<ref>[https://demo.hitbtc.com/challenge HitBTC Traders Challenge: Win One of Three Oculus Rift Headsets</ref>
To satisfy the needs of institutional clients with existing systems HitBTC is accessible via the FIX protocol.
 
=== Currencies & Pairs ===
 
<b>Fiat Currencies</b>
 
HitBTC currently accepts account funding in USD and EUR. SEPA payments are processed the same day and are charged no commission or processing fees (available for EUR only). International wire transfers (SWIFT) are also accepted and the processing time ranges between one and three days. 
 
<b>Coins</b>
 
New coins are added to HitBTC exchange as a result of user votes or market makers' activity. The first coin added by winning the coin contest was DOGE <ref>http://dogecoin.com/</ref> and the latest one to win the challenge was community-vote driven NXT coin <ref>http://nxt.org/</ref>.
 
<b>Instruments</b>
 
Presently HitBTC features over ten currency pairs, including BTC/USD, BTC/EUR, LTC/USD, LTC/EUR, LTC/BTC, EUR/USD, EUR/GBP, GPB/USD, DOGE/BTC, XMR/BTC, BCN/BTC, and NXT/BTC.
 
== Main Features ==
 
<b>Demo Trading</b>
 
The HitBTC's Demo Trading is highly functional which sets it apart from other companies. It can be used by novice traders to gain valuable trading experience and gives them an opportunity to learn exactly what HitBTC has to offer. At the same time, it allows skilled users to test out their robots on the demo platform and judge for themselves of the high quality of this new feature. <ref> http://finance.yahoo.com/news/bitcoin-exchange-hitbtc-includes-features-073000193.html</ref>
 
<b>Terminal</b>
 
With responsive and feature-packed terminal users can trade effortlessly any of the currency pairs in milliseconds. Bids and Asks are updated in real time, and the chart running on the page is quite solid.
 
=== Security ===
 
* Two Factor Authentication (2FA) is immediately presented to the user upon accessing Settings
* 2FA offered for login and withdrawals
* <b>Recent Activity</b> chart is shown at the bottom of the settings page, to notify you if someone is attempting to access or has accessed your account maliciously
* Verification is built into the withdrawal process
The developers have worked on a very impressive set of protection matters as the mentioned state of art cryptography combined with FIPS validation and offers of two-factor authentication. <ref> http://es.cointelegraph.com/news/11779/investment_boosts_the_launch_of_new_exchanger_hitbtc/ </ref>
 
=== Guest Mode ===
 
With this new feature users now can explore markets effortlessly. Anyone is allowed to check the very latest market data, charts, and order book, without having to log into an account, providing extra convenience.
 
=== Market Maker Contracts ===
 
Market Maker contracts permit API traders to maximize their trading experience. The contracts are accompanied by cash incentives and rebate bonuses. Traders have the opportunity to add a new currency to the exchange if two users take Market Makers contracts to support the cryptocurrency on HitBTC. Every contract is valid for one currency pair.
Market makers are sent detailed daily reports with order book snapshot to help them evaluate their performance and develop the most efficient trading strategies. The market making activity is closely monitored and existing contracts are reviewed every month.
 
=== HitBTC Price Widget ===
 
The newly launched HitBTC CryptoCoin Price Ticker widget can be added to any site, blog or article for an easy overview of the current price on cryptocurrency trade pairs from HitBTC, the present ask, bid and 24 hour value. Users can select their preferred size, color and currency and can configure which pair will be shown by default.
 
== Coin Vote ==
 
HitBTC firmly believes that e-currencies with true potential should be given a chance to be supported by a major exchange via popular vote. For that reason, HitBTC has introduced a voting system where a particular coin can be included in the list through votes from users and guests. <ref> http://www.cryptoarticles.com/crypto-news/hitbtcs-market-makers-contract-and-voting-system </ref>
To vote, users need to visit the voting page <ref> http://hitbtc.com/vote </ref>, look for their preferred e-currency and click the vote button. If you don’t see your favorite cryptocurrency on the list, you can always nominate it by clicking the suggest currency button.


===See Also===
===See Also===
Line 69: Line 104:
===External Links===
===External Links===


* [https://hitbtc.com HitBTC] exchange website
* [https://hitbtc.com HitBTC] Trading Platform
* [https://twitter.com/intent/user?screen_name=hitbtc @hitbtc] Twitter
* [https://twitter.com/intent/user?screen_name=hitbtc @hitbtc] Twitter
* [https://www.facebook.com/hit.btc hit.btc] Facebook
* [https://www.facebook.com/hit.btc hit.btc] Facebook

Latest revision as of 01:14, 18 March 2015

HitBTC
Trading nameHitBTC
IndustryFiat exchange
Websitehttps://hitbtc.com/

HitBTC is a leading European bitcoin exchange which provides cryptocurrency trading services to institutionals, merchants and individual traders worldwide. The trading platform was founded in late 2013 and is under operation of Ullus Corporation.

HitBTC provides trading operations for the most popular digital currencies (BTC, LTC, DOGE, QCN, NXT, FCN, BCN, and XMR) and prevailing fiat currencies (EUR, USD). For fiat deposits/withdrawals within the European Union, SEPA transfers are available and wires from other countries are accepted as well.[1]

HitBTC declares it's main focus on implementing cutting-edge technologies to cryptocurrency trading. The core matching engine is stated as the most advanced technological product in its class. It implements real-time clearing (T+0 settlement), advanced order matching algorithms and has been acclaimed for its fault-tolerance, uptime and high availability.[2]


History

The HitBTC platform development started in 2013 with a 6 million USD Venture Capital investments, as of the collaboration between software developers, finance professionals and traders[3].

In February 2014, HitBTC was officially launched with the following instruments: BTC/USD, BTC/EUR, BTC/LTC USD/EUR.

In April 2014, HitBTC released Comprehensive Demo Trading, a special trading feature that allows for testing trading strategies and adjustment of API settings.[4]

In May 2014, HitBTC launched altcoins voting program aimed to allow the community decide which alternative cryptocurrencies should be added to the market.[5]

During the summer 2014, more trading pairs with altcoins were added, including DOGE, QCN, NXT, FCN, BCN, and XMR[6]. [7]

In September 2014, HitBTC was included in the TeraExchange Bitcoin Price Index [8].

General Information

HitBTC Trading Terminal
HitBTC Order Book

Technical Information

State-of-the-art matching engine

The core matching engine is among the most advanced technological products in its class and implements innovative features such as real-time clearing (T+0 settlement) and advanced order matching algorithms.

Dependable API

HitBTC’s dependable API is extremely stable and will satisfy the needs of algorithmic traders and provides an easy back office integration. It is compatible with HFT set-ups, and algorithmic trading systems.

  • WebSocket subscription for prices and trades
  • Asynchronous WebSocket-based trading interface

FIX Compatibility

To satisfy the needs of institutional clients with existing systems HitBTC is accessible via the FIX protocol.

Currencies & Pairs

Fiat Currencies

HitBTC currently accepts account funding in USD and EUR. SEPA payments are processed the same day and are charged no commission or processing fees (available for EUR only). International wire transfers (SWIFT) are also accepted and the processing time ranges between one and three days.

Coins

New coins are added to HitBTC exchange as a result of user votes or market makers' activity. The first coin added by winning the coin contest was DOGE [9] and the latest one to win the challenge was community-vote driven NXT coin [10].

Instruments

Presently HitBTC features over ten currency pairs, including BTC/USD, BTC/EUR, LTC/USD, LTC/EUR, LTC/BTC, EUR/USD, EUR/GBP, GPB/USD, DOGE/BTC, XMR/BTC, BCN/BTC, and NXT/BTC.

Main Features

Demo Trading

The HitBTC's Demo Trading is highly functional which sets it apart from other companies. It can be used by novice traders to gain valuable trading experience and gives them an opportunity to learn exactly what HitBTC has to offer. At the same time, it allows skilled users to test out their robots on the demo platform and judge for themselves of the high quality of this new feature. [11]

Terminal

With responsive and feature-packed terminal users can trade effortlessly any of the currency pairs in milliseconds. Bids and Asks are updated in real time, and the chart running on the page is quite solid.

Security

  • Two Factor Authentication (2FA) is immediately presented to the user upon accessing Settings
  • 2FA offered for login and withdrawals
  • Recent Activity chart is shown at the bottom of the settings page, to notify you if someone is attempting to access or has accessed your account maliciously
  • Verification is built into the withdrawal process

The developers have worked on a very impressive set of protection matters as the mentioned state of art cryptography combined with FIPS validation and offers of two-factor authentication. [12]

Guest Mode

With this new feature users now can explore markets effortlessly. Anyone is allowed to check the very latest market data, charts, and order book, without having to log into an account, providing extra convenience.

Market Maker Contracts

Market Maker contracts permit API traders to maximize their trading experience. The contracts are accompanied by cash incentives and rebate bonuses. Traders have the opportunity to add a new currency to the exchange if two users take Market Makers contracts to support the cryptocurrency on HitBTC. Every contract is valid for one currency pair. Market makers are sent detailed daily reports with order book snapshot to help them evaluate their performance and develop the most efficient trading strategies. The market making activity is closely monitored and existing contracts are reviewed every month.

HitBTC Price Widget

The newly launched HitBTC CryptoCoin Price Ticker widget can be added to any site, blog or article for an easy overview of the current price on cryptocurrency trade pairs from HitBTC, the present ask, bid and 24 hour value. Users can select their preferred size, color and currency and can configure which pair will be shown by default.

Coin Vote

HitBTC firmly believes that e-currencies with true potential should be given a chance to be supported by a major exchange via popular vote. For that reason, HitBTC has introduced a voting system where a particular coin can be included in the list through votes from users and guests. [13] To vote, users need to visit the voting page [14], look for their preferred e-currency and click the vote button. If you don’t see your favorite cryptocurrency on the list, you can always nominate it by clicking the suggest currency button.

See Also

External Links

References

  1. ↑ https://hitbtc.com/fees-and-limits/
  2. ↑ http://cointelegraph.com/news/11625/new_bitcoin_exchange_service_is_going_to_predetermine_the_distribution_of_forces
  3. ↑ http://cointelegraph.com/news/11779/investment_boosts_the_launch_of_new_exchanger_hitbtc
  4. ↑ http://finance.yahoo.com/news/bitcoin-exchange-hitbtc-includes-features-073000193.html
  5. ↑ https://hitbtc.com/vote
  6. ↑ http://www.forexminute.com/bitcoin/hitbtc-adds-nxt-platform-42030
  7. ↑ http://www.doge-coins.nl/news-2/press-release-dogecoin-added-hitbtc-today
  8. ↑ https://hitbtc.com/for-press/release/hitbtc-is-included-in-the-teraexchange-bitcoin-price-index
  9. ↑ http://dogecoin.com/
  10. ↑ http://nxt.org/
  11. ↑ http://finance.yahoo.com/news/bitcoin-exchange-hitbtc-includes-features-073000193.html
  12. ↑ http://es.cointelegraph.com/news/11779/investment_boosts_the_launch_of_new_exchanger_hitbtc/
  13. ↑ http://www.cryptoarticles.com/crypto-news/hitbtcs-market-makers-contract-and-voting-system
  14. ↑ http://hitbtc.com/vote
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