HitBTC is a cryptocurrency exchange that was founded in 2013 offering trading for over 300 cryptocurrencies. The platform offers users a 2-factor authentication system and cryptocurrency cold storage options to enhance user security.
HitBTC implements a "maker-taker" model for user transactions. Makers are users that add liquidity to the platform. Makers are rewarded with a 0.01% rebate on their trades and are not charged any fees. Takers are the users which fill orders placed by makers and are charged with a 0.1% trading fee for each transaction.
HitBTC is a crypto exchange that has over 800 trading pairs. The platform was created in 2013, and provides exchange, custodial and other related services.
HitBTC offers a range of APIs such as REST, WebSocket, FIX API. The UI was developed to meet the needs of the most demanding and sophisticated traders. Users can take advantage of rebates and competitive trading fees via the Trading Fee Tier system.
User security is reportedly secure via stringent security procedures, including cold storage and encryption technology. HitBTC also offers 2-factor authentication and various whitelists. The platform has reportedly decreased its data-access latency while expanding the platform's technical capabilities.The exchange works with individual customers and corporate clients, and has offices all over the world including Rio de Janeiro, Santiago, Hong Kong, Beijing and Singapore.
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- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.