|Brief||HBTC exchange is a cryptocurrency exchange that was founded in April 2018 by Huobi's former CTO James Ju. It was originally known as BHEX, then it was renovated as HBTC exchange in April 2020.|
|Last updated:||Saturday, March 6, 2021 9:00:04AM UTC|
|Volume 24 hours, USD:||9 909 567 462|
General HBTC facts, technical details and general information about HBTC exchange
HBTC exchange is a cryptocurrency exchange that was founded in April 2018 by Huobi's former CTO James Ju. It was originally known as BHEX, then it was renovated as HBTC exchange in April 2020. HBTC is run by a Singapore-based company called BlueHelix, which is funded by Huobi, OKEX and others.
HBTC is an exchange from Malta that launched in December 2018. It was previously known as BHEX but rebranded to HBTC on 13 April 2020. It describes itself as the “next generation innovative crypto assets financial services provider”.
Users' assets are reportedly managed entirely through decentralized blockchain technology, which would theoretically provide transparent services for crypto assets to individuals and institutions. HBTC’s selection of trading pairs is somewhat limited though. They have 25 trading pairs possible to trade. The exchange states on its website that it has the backing of 56 institutional investors. Among these investors, HBTC lists Huobi and OKEX, two of the biggest other cryptocurrency exchanges in the world.
HBTC’s trading platform is not only available on desktop, but also through mobile usage. This means that as long as you have mobile data reception, you can execute your trades.
At this exchange, you can also engage in options trading. When you do option trading you purchase option contracts. An option contract is an investment contract that gives the holder of the option a right – but not an obligation (thus an “option”) – to buy (call option) or sell (put option) a certain asset at a certain price. Certain options give you the right to exercise the option whenever (before expiry of the contract), and other options are only permitted to exercise during a specific date. The former are known as American Options, and the latter are known as European Options.
If you’re a US-investor that wants to trade here, you’re unlucky. HBTC does not accept US-investors on its platform. Don’t be too sad though, if you’re a US-investor, you can always use our Exchange Finder to find out which trading platforms that you are allowed to trade at.
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at HBTC:
The trading fees at HBTC are 0.10% per trade. This means that the exchange does not distinguish between takers and makers. 0.10% per order is a competitive trading fee, substantially below the classical global industry average trading fees (arguably 0.25%). However, a majority of the cryptocurrency exchanges that have launched the last year or so do actually only charge 0.10% or 0.15%, so one could argue that the new global industry average is actually somewhere around 0.10%-0.15%. This would make HBTC’s fees in line with, and not substantially below, industry average. In any event, you can be sure that the fees are not above industry average.
When considering the fees charged by an exchange, many investors just look at the trading fees. This can potentially cater for a nasty surprise when you want to withdraw your funds after a successful trading period. Then, hefty withdrawal fees might make you wish that you had also considered them (the withdrawal fees), when choosing your exchange.
The global industry average BTC-withdrawal fees are 0.000812 BTC. This figure was calculated by us here at Cryptowisser when we compiled the withdrawal fees of 200+ exchanges. HBTC charges 0.0006 BTC when you withdraw BTC. Their withdrawal fees are thus almost 30% below the global industry average and constitute a competitive advantage for this trading platform.
This trading platform does not accept any other deposit method than cryptos, so new crypto investors are actually restricted from trading here. If you don’t have any crypto but want to start trading at this trading platform, you will first have to purchase crypto from another exchange and then deposit them here. Don’t worry though, we will help you find an exchange where you can purchase your first cryptos by the help of our Exchange Finder. Do the test there now and you will see what alternatives you have.
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.
HBTC platform offers tools and features that would meet the expectations of even the most demanding and sophisticated traders, enabling them to engage in real-time trading with low latency, high reliability, and peak performance. HitBTC was the first on the market to offer automated and algo traders reliable and fast REST, WebSocket and FIX API.
To maintain the security of HBTC platform, we deploy comprehensive audited cryptography schemes with strict operational procedures as well as user-specified white lists and limits.
Our values are based on three tenets: reliability, security, and performance. With our deep understanding of technology, economics, and finance, and by applying knowledge and innovation, we have created one of the most sophisticated and technologically advanced trading platforms in the industry. Since its introduction, our comprehensive custody architecture has been an industry standard-bearer in security. We use two different types of custody: top-tier security for the top 10 currencies on the market, including all ETH tokens, and regular security for all other digital assets. Top-tier security custody is based on HDKey technology and multilevel in-house cryptography. There is a strict policy of not running third-party software, including third-party blockchain solutions.
We ensure that our traders get the best pricing on the market. We are able to do this by providing incentives for market makers and using the best and latest technology (ultra-low latency matching in LD4, London; smooth API, and an advanced reporting system). We believe in a future with digital economies and a self-sustainable internet at its core; and for many years, we have been actively creating the vital infrastructure needed for this future.
Over this time, we’ve created both a product that can support millions of users and the technology to power it. We have expended substantial effort to ensure that we comply with the ever-changing and evolving regulations in the digital asset space. As part of this, we implemented practices necessary to insulate ourselves from bad actors and establish fast and secure operations (KYC/KYT/Market Surveillance/AML) in full compliance with the regulatory framework.
|HBTC volume change 24 hours||24.04%|
|Exchange||Volume change, 24h|