HitBTC lowers its fees

[Jating]

The Lowest Fees on the Market

There’s no place like home. And for the modern-day digital asset trader, home is where the order book is. At HitBTC, we couldn’t be prouder of the community of traders that has helped us cultivate this space and turn what was just a dream a little over five years ago into the digital home of innovators and next-gen economy builders.

We want to accommodate our community as best we can, and give them an unbeatable experience in our digital backyard. We have been able to do this by offering an industry-leading number of trading pairs and an intuitive and helpful interface, among other things. But we are always looking for ways to do better and bring more to the table.

Therefore, we are really happy to announce that we have overhauled our maker-taker fee tier system and drastically slashed our trading fees.

https://blog.hitbtc.com/the-lowest-fees-on-the-market/

I have used HitBTC in the past, however, I' not actively trading on that platform because of fake volumes. Although I don't have issues with them in the past, I just decided to look at other exchanges. So I was quite surprised to see this supposedly "The Lowest Fees on the Market".

Are competition that tough nowadays that to be able to compete they have lowered the fees.

Any thoughts on this one?

[mindrust]

Scam exchange.

Too many scam reports on reddit. They mostly do selective scamming. Stay away.

[Strongkored]

I have not used the exchange for a long time and during using HitBTC I have never experienced any problems, which made me decide not to use HitBTC anymore due to wd fees and also the policy that traders cannot sell all the coins or token they deposited. If you see the price of the coin or token goes up but we can't do anything just stuck there very annoying.

[Mpamaegbu]

The high fee charges is true of Hitbtc. This reduction now should be a good development. Expectedly, it should drag aggrieved clients back to the exchange. I have a Hitbtc account and I only use it when it's unavoidable - if the coin of choice I want isn't listed on any other exchange. And I haven't used that account for almost a year now. Perhaps I will have to revisit that account to see for myself how things are at the exchange.

[levyashin]

I always find hitbtc shady and tried to avoid using it.

Even it doesn't take any fee, i would still not use it. So they need to do something different than lowering fees for giving trust to the people.

[betty11]

I have an account with them but never traded there because of accusations that they do lock people account and will never open it, coupled with their notorious withdrawal fee which is against freedom that cryptocurrency seeks.

[masterrex]

The Lowest Fees on the Market

There’s no place like home. And for the modern-day digital asset trader, home is where the order book is. At HitBTC, we couldn’t be prouder of the community of traders that has helped us cultivate this space and turn what was just a dream a little over five years ago into the digital home of innovators and next-gen economy builders.

We want to accommodate our community as best we can, and give them an unbeatable experience in our digital backyard. We have been able to do this by offering an industry-leading number of trading pairs and an intuitive and helpful interface, among other things. But we are always looking for ways to do better and bring more to the table.

Therefore, we are really happy to announce that we have overhauled our maker-taker fee tier system and drastically slashed our trading fees.

https://blog.hitbtc.com/the-lowest-fees-on-the-market/

I have used HitBTC in the past, however, I' not actively trading on that platform because of fake volumes. Although I don't have issues with them in the past, I just decided to look at other exchanges. So I was quite surprised to see this supposedly "The Lowest Fees on the Market".

Are competition that tough nowadays that to be able to compete they have lowered the fees.

Any thoughts on this one?

HitBTC has cause a lot of troubles with its users back in 2018! like blocking without reason, freezing of assets etc. thats why even they remove the trading fees i dont want to use it anymore because im already experience the kind of service they offered and for me it worse and not safe sorry!

[AltcoinsBattle]

0.07% is a really low commission. It’s a pity that I am not an active trader. With my trading volumes I had no problems with them. Although I did not need to withdraw funds. They clearly do not want anyone to withdraw funds from their accounts

[Doranile432]

No matter how low the trading fee on hitbtc is i wont still trust the exchange,they scammed me of few tokens and till date i cant withdraw them,id advice people to trade on there with care because you might properly get scammed or better to stay away from the exchange,dont send big amount of funds on the exchange

[Mrsparks]

Humm after reading this post am not in line with majority of the comments.Hitbtc is a cool exchange for me and asides from the recent reduction in fees which i most confess is a welcome idea, i cant hitbtc as one of the best exchange i have ever used in cryptospace... They have manageable volume and the trollbox is entertaining...

[TheUltraElite]

Humm after reading this post am not in line with majority of the comments.

If you check this forum's Exchanges section you will see the official hitbtc thread which is full of complaints and their account also holds some negative trust from DT members. They have never tried to clear their reputation here neither do they address any of the complaints.

Hitbtc is a cool exchange for me and asides from the recent reduction in fees which i most confess is a welcome idea, i cant hitbtc as one of the best exchange i have ever used in cryptospace... They have manageable volume and the trollbox is entertaining

The fees change was probably done in order to compete with other exchanges. If you are large cap trader you may be asked to undergo KYC pretty soon which is why people are moving away from centralized exchanges like this one.

BTW, their trollbox is filled with shills and idiots which is why I disabled it on my account.

[ATSgrowth]

Scam exchange.

Too many scam reports on reddit. They mostly do selective scamming. Stay away.

I do not know if it is a real scam, but my ICON and IOTA coins are being held on this exchange because they don´t have working withdrawals for about 2-3 months. 

[coaprotet]

Noway they are going to lower the fees. This exchange has brought so much troubles to me, because they always have insane fees. For example, if you want to withdrawal ETH, you need to pay 0,05 ETH per withdrawal request. This is just unbelievable.

[dark08]

The Lowest Fees on the Market

There’s no place like home. And for the modern-day digital asset trader, home is where the order book is. At HitBTC, we couldn’t be prouder of the community of traders that has helped us cultivate this space and turn what was just a dream a little over five years ago into the digital home of innovators and next-gen economy builders.

We want to accommodate our community as best we can, and give them an unbeatable experience in our digital backyard. We have been able to do this by offering an industry-leading number of trading pairs and an intuitive and helpful interface, among other things. But we are always looking for ways to do better and bring more to the table.

Therefore, we are really happy to announce that we have overhauled our maker-taker fee tier system and drastically slashed our trading fees.

https://blog.hitbtc.com/the-lowest-fees-on-the-market/

I have used HitBTC in the past, however, I' not actively trading on that platform because of fake volumes. Although I don't have issues with them in the past, I just decided to look at other exchanges. So I was quite surprised to see this supposedly "The Lowest Fees on the Market".

Are competition that tough nowadays that to be able to compete they have lowered the fees.

Any thoughts on this one?

I remember the first time I used this exchange site the volume is good that time with a lot of good altcoin to trade but right now the reputation of Hitbtc is really bad even they lower tge fees I'm staying away from this exchange site to avoid scamming my money so those trader who stay in this exchange site be careful dont hold your altcoin or bitcoin i  long term run just make it a in and out basis.

[shaheer001]

HitBTC transaction fee was too high in pst I have not used it since 2019 due to this high withdrawal fee especially in Bitcoin. Ther are many users who also reported that HitBTC now becomes scam but I never heard it through reliable resources.

[stigmacryptonight]

Only such thing can HitBTC do to compete with other exchanges. But unfortunately many people do not use HitBTC to trade because of the many cases in the past. I personally have not used this exchange anymore until now.

[forexandcryptoauditor]

I have used this exchange in the past and due to its high fees used only for 2-3 trades. If the fees is lowered now, this is great news and I must see it again. My experience was good with this exchange.

[ganeshramk]

Scam exchange.

Too many scam reports on reddit. They mostly do selective scamming. Stay away.

Is this real news? I don't see any of that acquisitions with proof. Not sure why some people are against this exchange. I did some trades in this exchange and it was reasonable. But fees was high earlier. With this reduction, it should be fine.

[caffu chino]

Scam exchange.

Too many scam reports on reddit. They mostly do selective scamming. Stay away.

Is this real news? I don't see any of that acquisitions with proof. Not sure why some people are against this exchange. I did some trades in this exchange and it was reasonable. But fees was high earlier. With this reduction, it should be fine.

In the past, I saw a lot of people who complained that hitbtc always had problems like deposit, withdrawal and others. maybe it's not fraud because at the end it can be resolved. but because of this there are also many who judge that the Hitbtc exchange has poor quality.

[DoublerHunter]

Scam exchange.

Too many scam reports on reddit. They mostly do selective scamming. Stay away.

Is this real news? I don't see any of that acquisitions with proof. Not sure why some people are against this exchange. I did some trades in this exchange and it was reasonable. But fees was high earlier. With this reduction, it should be fine.

^Not actually scam exchange but it is sounds "likely" scam. Why don't you research on exchange section here in the forum and you will find a dozen complaints against their service and not allowing others to transfer money. I had also an account on HitBTC but I switched into a good and reputable exchange because I don't want to face the problem just like what others encountered. Nevertheless, even though they have now very low fees I will not come back on that exchange site and the reply above was right, it is better to stay away on that exchange site.