HitBTC: Difference between revisions

Revision as of 13:37, 1 September 2014

HitBTC

Trading name	HitBTC
Industry	Fiat exchange
Website	https://hitbtc.com/

HitBTC is a cryptocurrency trading platform maintained and built by HIT Technologies LP (UK) and operated by Ullus Corporation K/S (Denmark). <LINK TO 1> The company cooperates with several banks and accepts account funding through SEPA payments, international wire transfers (SWIFT) and digital currencies.

History

Founded in 2013 with 6 million euro venture capital, HitBTC provides order matching services to institutional clients, merchants and individual traders. ^[1]

General information

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. The platform’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, 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, EUR and GBP. 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 1 and 3 days.

- Compliance, AML and KYC. HitBTC adheres to an excellent yet simple AML and KYC regime. Users receive a Limited account upon registering their bank account, which automatically entitles them to fund/withdraw up to 2,000 USD or EUR a day. By submitting a basic set of documents users are rapidly given generous limits ranging between 10,000 and 50,000 USD a day.

- 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 ^[2] and the latest one to win the challenge was community-vote driven NXT coin ^[3]

- Instruments. Presently HitBTC features more than 10 currency pairs. HitBTC has recently added Pounds Sterling to their fiat trading pairs and is available in EUR/GPB and GBP/USD. The pairs include: BTC/USD, BTC/EUR, LTC/USD, LTC/EUR, LTC/BTC, EUR/USD, EUR/GBP, GPB/USD, DOGE/BTC, XMR/BTC, BCN/BTC, NXT/BTC

Fees

- Maker taker model. HitBTC uses the maker-taker model to calculate the order execution fees. Participants providing liquidity (i.e. limit orders failing to execute immediately) are rewarded with 0.01% rebate upon execution, while liquidity takers (i.e. market orders or limit orders executed immediately) are charged a 0.1% fee.

- International Bank Transfer fees. The minimum amount for bank transfer is 1 EUR and 10 USD. ^[4]

Currency	Deposit	Withdrawal
USD	$9	Flat rate $9
EUR (SEPA Zone)	No fee	0.90 €
EUR	6 €	6 €
GBP	6 £	6 £

- Digital Currency Transfer fees.

Coin	Deposit	Withdrawal
BTC	No fee	No fee
LTC	No fee	Flat rate 0.001Ł
DOGE	No fee	Flat rate 1 Ð
NXT	No fee	Flat rate 1 NXT
BCN	No fee	Flat rate 0.01 BCN
XDN	No fee	Flat rate 0.01 XDN
QCN	No fee	Flat rate 0.005 QCN
XMR	No fee	Flat rate 0.005 XMR
MCN	No fee	Flat rate 0.000001 MCN
FCN	No fee	Flat rate 0.000001 FCN

Exclusive Features

- 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.

Main Features

The HitBTC trading platform is known for the following features:

Trading tools

Order Types. HitBTC has four types of orders:

Market order
Limit order
Stop order
Stop limit order

Demo Trading. The Demo Trading option of Hitbtc 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. ^[5]

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. ^[6]

Guest Mode

Using 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.

User Friendly Interface

The UI is intuitive and easy to follow. The aim was to make it easier for traders to locate information they need. For new users, the new homepage is expected facilitate trading on HitBTC’s exchange. At first glance, you will notice that the homepage was professionally designed with the experience of the user in mind. A user can immediately spot the sign-up option. Furthermore, the navigation is straightforward with no complicated tab labels.

Customer Service

HitBTC offers 24/7 customer service.^[7]. US and Netherlands phone lines are also available.

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. ^[8] In order to vote, users need to go the voting page ^[9], 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 by clicking the suggest currency button.

External Links

HitBTC exchange website
@hitbtc Twitter
hit.btc Facebook
+Hitbtccom Google Plus

References

[1] ttp://bitcoinprbuzz.com/nxt-rings-opening-bell-to-announce-major-updates-at-cryptocurrency-exchange-hitbtc/

[2] ttp://dogecoin.com/

[3] ttp://nxt.org/

[4] ttps://hitbtc.com/fees-and-limits/

[5] ttp://finance.yahoo.com/news/bitcoin-exchange-hitbtc-includes-features-073000193.html

[6] ttp://es.cointelegraph.com/news/11779/investment_boosts_the_launch_of_new_exchanger_hitbtc/

[7] ttp://es.cointelegraph.com/news/111857/spot_test_can_beginners_use_exchanges_part_i_hitbtc

[8] ttp://www.cryptoarticles.com/crypto-news/hitbtcs-market-makers-contract-and-voting-system

[9] ttp://hitbtc.com/vote

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

[9]

@@ Line 1: / Line 1: @@
-{{infobox company|name=HitBTC|image=[[File:HIt_256.png]]
+{{infobox company|name=HitBTC|image=[[File:hitbtc_logo_on_white_big.png]]
-|trading_name=hitBTC
+|trading_name=HitBTC
 |industry=[[Exchange|Fiat exchange]]
 |website=https://hitbtc.com/
 }}
-HitBTC is the most advanced [[currency exchange]] based in Denmark with market for trading between Bitcoins, Litecoins, Dogecoins, Monero, the U.S. dollar, and Euro.
+HitBTC is a cryptocurrency trading platform maintained and built by HIT Technologies LP (UK) and operated by Ullus Corporation K/S (Denmark). <LINK TO 1> The company cooperates with several banks and accepts account funding through SEPA payments, international wire transfers (SWIFT) and digital currencies.
-==Features==
-===Currency pairs===
+== History ==
+Founded in 2013 with 6 million euro venture capital, HitBTC provides order matching services to institutional clients, merchants and individual traders.  <ref>http://bitcoinprbuzz.com/nxt-rings-opening-bell-to-announce-major-updates-at-cryptocurrency-exchange-hitbtc/</ref>
+== General information ==
 [[File:Screenshot1.png|thumb|300px|upright|HitBTC interface]]
 [[File:Screenshot2.png|thumb|300px|upright|HitBTC orderbook]]
-[https://hitbtc.com HitBTC] supports the exchange between the major currency pairs:
-* BTC/USD
+=== Technical information ===
-* BTC/EUR
-* LTC/BTC
-* LTC/EUR
-* EUR/USD
-* MDOGE/BTC
-* XMR/BTC
-* BCN/BTC
-* XDN/BTC
-===Fees and limits===
+- <b>State-of-the-art matching engine. </b>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.
+- <b>Dependable API. </b>The platform’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, algorithmic trading systems.
+* WebSocket subscription for prices and trades
+* Asynchronous WebSocket-based trading interface
+- <b>FIX Compatibility. </b>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, EUR and GBP. 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 1 and 3 days.
+- <b>Compliance, AML and KYC. </b> HitBTC adheres to an excellent yet simple AML and KYC regime. Users receive a Limited account upon registering their bank account, which automatically entitles them to fund/withdraw up to 2,000 USD or EUR a day. By submitting a basic set of documents users are rapidly given generous limits ranging between 10,000 and 50,000 USD a day.
+- <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 more than 10 currency pairs. HitBTC has recently added Pounds Sterling to their fiat trading pairs and is available in EUR/GPB and GBP/USD. The pairs include:  BTC/USD, BTC/EUR, LTC/USD, LTC/EUR, LTC/BTC, EUR/USD, EUR/GBP, GPB/USD, DOGE/BTC, XMR/BTC, BCN/BTC, NXT/BTC
+=== Fees ===
+- <b>Maker taker model. </b>HitBTC uses the maker-taker model to calculate the order execution fees. Participants providing liquidity (i.e. limit orders failing to execute immediately) are rewarded with 0.01% rebate upon execution, while liquidity takers (i.e. market orders or limit orders executed immediately) are charged a 0.1% fee.
+- <b>International Bank Transfer fees. </b>The minimum amount for bank transfer is 1 EUR and 10 USD. <ref> https://hitbtc.com/fees-and-limits/ </ref>
 {| class="wikitable" style="text-align:center"
 |-
-| Currency || Deposite || Withdraw
+| <b>Currency</b> || <b>Deposit</b> || <b>Withdrawal</b>
 |-
 | USD || $9 || Flat rate $9
@@ Line 34: / Line 51: @@
 |-
 | EUR || 6 € || 6 €
+|-
+| GBP || 6 £ || 6 £
+|}
+- <b>Digital Currency Transfer fees. </b>
+{| class="wikitable" style="text-align:center"
+|-
+| <b>Coin </b>|| <b>Deposit</b> || <b>Withdrawal</b>
 |-
 | BTC || No fee || No fee
 |-
 | LTC || No fee	|| Flat rate 0.001Ł
+|-
+| DOGE || No fee	|| Flat rate 1 Ð
+|-
+| NXT || No fee	|| Flat rate 1 NXT
+|-
+| BCN || No fee	|| Flat rate 0.01 BCN
+|-
+| XDN || No fee	|| Flat rate 0.01 XDN
+|-
+| QCN || No fee	|| Flat rate 0.005 QCN
+|-
+| XMR || No fee	|| Flat rate 0.005 XMR
+|-
+| MCN || No fee	|| Flat rate 0.000001 MCN
+|-
+| FCN || No fee	|| Flat rate 0.000001 FCN
 |}
-Liquidity providers will be granted a 0.07% rebate upon the execution of their orders.
+=== Exclusive Features ===
-Liquidity takers will incur a 0.1% execution fee.
+- <b>Market Maker contracts. </b>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.
+== Main Features ==
+The HitBTC trading platform is known for the following features:
+=== Trading tools ===
+<b>Order Types. </b>HitBTC has four types of orders:
+* Market order
+* Limit order
+* Stop order
+* Stop limit order
+<b>Demo Trading. </b> The Demo Trading option of Hitbtc 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.
-Detailed information on fees and transfer limits can be found at [https://hitbtc.com/fees-and-limits HitBTC/Fees and Limits]
+=== Security ===
-===Withdrawal / Funding options===
+* Two Factor Authentication (2FA) is immediately presented to the user upon accessing Settings
-* Bank Wire Transfer
+* 2FA offered for login and withdrawals
-* Bitcoin address
+* "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.
-* Litecoin address
+* Verification is built into the withdrawal process.
-* Dogecoin address
+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>
-* Monero address
-===Features===
+=== Guest Mode ===
-Cutting-edge technology places and matches your order in milliseconds.
+Using 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.
-Fast turnaround on deposits, withdrawals and support requests with flexible payment validation.
+=== User Friendly Interface ===
-You can use [http://en.wikipedia.org/wiki/Google_Authenticator Google Authenticator] for two-step verification. Protected by SSL.
+The UI is intuitive and easy to follow. The aim was to make it easier for traders to locate information they need. For new users, the new homepage is expected facilitate trading on HitBTC’s exchange. At first glance, you will notice that the homepage was professionally designed with the experience of the user in mind. A user can immediately spot the sign-up option. Furthermore, the navigation is straightforward with no complicated tab labels.
-Demo trading mode.
+=== Customer Service ===
-===Features for professional traders===
+HitBTC offers 24/7 customer service.<ref> http://es.cointelegraph.com/news/111857/spot_test_can_beginners_use_exchanges_part_i_hitbtc </ref>. US and Netherlands phone lines are also available.
-WebSocket subscription for prices and trades
+=== HitBTC price widget ===
-Asynchronous WebSocket-based trading interface
+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.
-FOK and IOC orders
+== Coin vote ==
-===HitBTC Traders Challenge===
+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>
+In order to vote, users need to go 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 by clicking the suggest currency button.
-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>
 ===See Also===

HitBTC: Difference between revisions

Revision as of 13:37, 1 September 2014

Contents

History

General information

Technical information

Currencies & pairs

Fees

Exclusive Features

Main Features

Trading tools

Security

Guest Mode

User Friendly Interface

Customer Service

HitBTC price widget

Coin vote

See Also

External Links

References

Navigation menu

HitBTC: Difference between revisions

Revision as of 13:37, 1 September 2014

History

General information

Technical information

Currencies & pairs

Fees

Exclusive Features

Main Features

Trading tools

Security

Guest Mode

User Friendly Interface

Customer Service

HitBTC price widget

Coin vote

See Also

External Links

References

Navigation menu

Search