Welcome to HitBTC Blog!

Trading instruments
Information about trading pairs that we have listed recently and detailed description of cryptocurrencies.

ICO
Special section about an exciting phenomenon in cryptocurrency world – Initial Coin Offering.

How does it work?
Here we explain things that can be hard to understanding: new terms, exchange architecture, tips and tricks.

Trading
Information about trading process, market analyses.

HitBTC news
Our updates, new features, company news, events.

Security announcement on phishing alerts

Dear traders,

We have been receiving a range of reports from people coming across phishing attempts lately. Secure passwords and even two-step authentication could be powerless once the attackers manage to deceive the account owner. Cautionary measures are a must.

That is the common scheme of phishing attack:

  1. User is being faced with the link, which leads to a website disguised as original HitBTC website.
  2. It asks to proceed via standard login procedure: specifying password and 2FA code.
  3. Once this personal data is retrieved, violators have the access to this particular account, which they take advantage of immediately.
  4. Funds are being stolen.

We are striving for not to let step 1 take place, by making everything possible to shut down the phishing websites once we locate them. Special gratitude goes to our traders who notice these websites and care to report them to us. But unfortunately the process of phishing website being eliminated takes time.

 

To protect yourself from phishing, you would need to be totally in control of your movements online. We would suggest these tips:

  • Whenever you’re visiting HitBTC, please make sure that the website address in the address bar is spelled correctly. The only legit HitBTC address is hitbtc.com.
  • Let your primary point of entry to HitBTC be the bookmarks section in your browser. Or just manually type the HitBTC address in the address bar. Don’t trust any links you would see online. They easily could be misleading.
  • Never disclose your personal data to anyone. Violators could try to impersonate us in order to lure or compel you to reveal your password. Remember: legit HitBTC associates  won’t ever ask you for your password or 2FA codes.
  • Malicious websites are able to steal your personal data as soon as you only visit them once. Malicious software could spy on you. Email is the most common way to spread harmful data. Please make sure that you are not opening links and attachments received in untrusted emails.

Here are some important steps to take right now.

  • Make sure that your HitBTC password is strong and unique
  • Please enable 2FA protection for login, settings and withdrawal options
  • Take care to protect your device from malicious software.

In case you’d happen to notice something suspicious: websites disguising themselves as HitBTC, or emails presumably from HitBTC team, containing questionable requests, please, don’t hesitate to report these issues to us. Our coherent joint efforts will help to keep HitBTC users safe and secure.

Expectations that became real: KickCoins on HitBTC. Coming soon

KickCoins, tokens of the world’s first 3-in-1 platform for ICO’s, crowdfunding and crowdinvesting  KICKICO, will be soon traded on HitBTC.

 

HitBTC is planning to trade KickCoins – tokens of KICKICO platform soon after the ICO closes. KICKICO is the first blockchain fundraising platform that offers 3-in-1 solutions for  ICOs, crowdfunding, and crowdinvesting and is already functional in Beta. The platform has recently launched its own ICO and reached overwhelming success – it has managed to collect 12 mln USD in ETH just in two hours. Now, ICO is slowly coming to its end, 16th of September it will be closed. By now, KICKICO raised more than 70 000 ETH and more than 7400 backers from various countries were buying KickCoins. This fact ensures everyone – community from all over the globe votes for the future of blockchain crowdfunding and overwhelms with its speed.

Continue reading

Listing – 8th of September

Dear Traders,

We continue to enhance your trading experience, opening new promising markets. Please, take a look at new tokens and ICOs we’ve listed this week.

 

Tokens:

HVN
Hive (HVN) uses Ethereum blockchain (distributed ledger) technology and smart contract to assign a unique fingerprint to every invoice issued by tokenizing invoices and publishing them on blockchain. This makes it possible for businesses to automate their invoicing process and take advantage of factoring services. Hive serves as a decentralized data room for all invoices submitted, each of which has a unique record for the 5 issuer, owner and payer.
Go trading

 

MCAP
MCAP token an initiative of MCAP Labs and uses the ERC 20 protocol for peer-to-peer transactions.

Go trading

 

AE
A highly scalable blockchain architecture with a consensus mechanism which is also used to check the oracle. This makes the oracle very efficient, because it avoids layering one consensus mechanism on top of another.

Go trading

Continue reading

SKIN/BTC market updates

Dear traders,

Recently we have enabled new SKIN/BTC market .

Unfortunately, several slight technical issues had arisen shortly after: trading fees could have been calculated and displayed incorrectly. In order to accomplish our mission to provide you with the best possible trading experience, it is necessary for us to solve these problems.

September, 7th we are going to fix these issues and update this market. Fees are going to be calculated precisely and correctly, active orders and whole trading process won’t be affected during update process.

Please note that trading history on this market will be updated and started from scratch. We have provided you with an easy way to save your SKIN trading reports: just proceed here, select necessary markets in the “Market” list and hit “Export”.

Also we would be glad to present your trading history upon your request. Just contact our support team.

Please accept our apologies for any inconvenience caused. We’re in constant strive to make our exchange a better place to trade,

HitBTC Team

USDT explained

Dear traders,

 

Several months ago we have introduced USDT currency, enabling its deposits and withdrawals. Fast forward to today, and USDT is firmly settled in HitBTC’s top 5 trading assets list. USDT pairs are highly popular and demanded among traders worldwide, and major crypto parties are showing massive support as well. Here follows the invention of USDT summarised and explained.

 

USDT is a cryptocurrency asset based on the Bitcoin blockchain. Presented by Tether project, USDT units are backed up by US Dollars, held by Tether. One USDT unit roughly equals 1 USD. The amount of USDT in circulation can be checked via Omnichest.info. The corresponding amount of USD reserves is proved by Tether bank balance info being published.

 

USDT combines fiat and crypto advantages. It’s safe and transparent. The bottom line is that USDT holders have price-stable crypto asset for national currency, which operates on the oldest and most secure blockchain.

 

With Tether on arms you are provided with an extra entry point for fiat trading on HitBTC. Account verification is not required – USDT deposits and withdrawals are performed same as with any other cryptocurrency.

 

Along with other popular crypto market players HitBTC is at the forefront, building up USDT support. The possibility of using fiat currencies on the blockchain is being brought to life and is highly appreciated by crypto community.

 

HitBTC continues to strive to provide you with more possibilities for fiat trading. At the moment we are negotiating with financial institutions, aiming to provide you with more exciting features. Stay tuned for further updates and be the first to experience options like instant credit card payments and much more.

 

Listing – 1st of September

Dear Traders,

We continue to enhance your trading experience, opening new promising markets. Please, take a look at new tokens and ICOs we’ve listed this week.

 

Tokens:

ANT
The Aragon Network is a digital jurisdiction that will make decentralized organizations very efficient. Business — is the first step towards a more fair, efficient world. Aragon lets you manage entire organizations using the blockchain.

Go trading

 

SKIN
SKINCOIN token (SKIN) – decentralized cryptocurrency for making bets, accepting and sending payments for game skins in Counter-Strike: Global Offensive, Dota 2, Team Fortress 2.

Go trading

 

TNT
Tierion is launching a universal platform for data verification that operates at massive scale. Businesses safeguard and notarize important documents such as property titles and contracts to ensure anyone can prove their veracity.

Go trading

Continue reading

SunContract – Decentralized Energy Market

Dear traders, SunContract ICO is over. SunContact raised 2 million dollars for 33 days of with 2,274 contributors on the token sale.

We have opened deposits and withdrawals of SNC token.

Go trading

 

SunContract is an energy trading platform that utilizes blockchain technology to create a new business model for buying and selling electricity. This project joins together Independent Power Producers and Consumers, that connects to the decentralized energy market platform through SunContract mobile APP.

Our statement on BitcoinCash support

Dear traders,

Since the Bitcoin improvement proposal (BIP-91) had been agreed on, it seemed like Bitcoin crisis is averted and the market-shaking fork won’t take place. Bitcoin development community decided to embrace the software upgrade called SegWit2x, which aims to increase network’s transaction capacity.

But it turns out that still there are controversies left to resolve. BitcoinCash (BCC) development team had announced that they will go ahead with a fork on August 1st. The essence of their project is to increase the block size to 8 Mb, providing protection from replay and wipeout attacks. And they do not support SegWit. Hard fork is extremely likely to expect.

 

Our mission here is to protect your funds and provide you with the most flexible and up-to-date market tools. From now on you are able to purchase BitcoinCash futures (BCCF) right here on HitBTC, even before the hard fork. Trading pairs to BTC, ETH and USD are available. Once hard fork takes place, these futures are going to be transformed into BCC.

Also those who store a certain amount of BTC on their accounts, will receive the same amount of BCC. We assure you that all Bitcoin funds, stored on exchange, will be safe before, during and after the fork process.

 

For further information take a look at our statement.

HitBTC Team

HitBTC Statement on possible Bitcoin fork

Dear traders,

As you may know, Bitcoin Core is undergoing some important scaling improvements. Here is some historical background on what is happening now:

Segregated witness or SegWit is the backward compatible protocol upgrade that was originally proposed by Bitcoin Core development team as a part of scaling strategy. SegWit could have been initially activated through BIP141 if 95% of hash power had signaled readiness to upgrade within single difficulty period before November 15th, 2017. Shortly afterwards users decided to stimulate miners’ decision making to upgrade and announced BIP148 as known as UASF (user activated soft fork), scheduled on August 1st. From this date their nodes would have rejected all blocks that are not signaling readiness for BIP141.

Meanwhile in May 2017 the critical mass of Bitcoin ecosystem, i.e. users, miners, companies, developers etc., agreed on SegWit activation through BIP91. Consequently only 80% of hash power, signaling for readiness, is needed to activate BIP91 and proceed with SegWit adoption. That is what has happened on July 23d. Since then miners have to orphan every block that is not signaling readiness to SegWit. But they might not do this and proceed mining blocks on non-SegWit chain. As a result there is a potential threat of Bitcoin’s hard fork.

At the same time as BIP91 was activated, the launch date of Bitcoin Cash (BCC) was scheduled on August 1st, 2017, 12:20pm UTC. Bitcoin Cash is a hard fork of Bitcoin’s chain and initially was developed to prevent the UASF via BIP148. It doesn’t support SegWit and has three main features: the block size of 8 MB, integrated replay and wipeout protection and new way of signing transactions. So the likelihood of potential split has enhanced.

Here is HitBTC’s official statement on this issue:

  • HitBTC stands for SegWit activation. We believe that planned changes and improvements will receive strong community support and result in the technology efficiency and prosperity. We hope that all the negative scenarios, political issues and malicious acts will stay on the sidelines and Bitcoin community will make a weighted and appropriate decision.
  • Customers’ funds security is our highest priority. We will suspend Bitcoin and its tokens USDT, MAID and AMP deposits and withdrawals from July 31st till August 2nd to protect users from replay attacks and network instability. The timing may vary, we will keep you informed about any updates.
  • If there is no chain split and the Bitcoin blockchain functions properly, we will resume deposits and withdrawals.
  • Even if the UAHF happens, we will take all the necessary technical steps to support the new blockchain. We will fund every Bitcoin holder with the newly born asset.
  • For the sake of your assets security we advise you to limit the number of Bitcoin transfers and keep your funds in one place. HitBTC assures its users that all Bitcoin funds, holding on exchange, will be safe during the uncertainty of potential chain fork.

We are monitoring the updates on SegWit adoption and will keep you informed about further mitigations. Stay tuned.

HitBTC team

Listing – 19 July

Tokens:

BQX
Bitquence’s Mission is to make the daunting cryptocurrency market accessible to everybody, accelerating adoption of blockchain technology and democratizing ownership of cryptocurrencies. They make cryptocurrencies easier to purchase and transfer allowing the average individual to participate in the New Economy.

Go trading

 

QAU
Quantum – an Ethereum-based pool that wants to bring institutional grade liquidity to cryptocurrency and digital asset markets.

Go trading

 

ICOs:

DELTA
Agrello is an Estonian blockchain startup, developing business-ready smart contract solutions. Agrello builds an AI powered graphical interface for the creation and management of smart contracts by users without legal or coding skills.

Go trading

 

DNT
District0x is a network of decentralized marketplaces and communities. Powered by Ethereum, Aragon, and IPFS.

Go trading

 

EVX
Everex is a decentralized app which enables P2P payments and trading of financial products using digital assets (tokens) and smart contracts.

Go trading

 

FYP
Flyp.me is an accountless crypto to crypto exchange with profit sharing tokens.
The exchange empowers consumers all over the world to trade their cryptocurrencies for other cryptocurrencies or tokens, while earning a small percentage from fees of each trade.

Go trading

 

GRAPH
S3ntigrapH is a platform that utilizes the blockchain technology to generate meaningful graphical emotion trends based on the users’ textual inputs.

Go trading


IML

IMMLA – International MultiModal Logistics Application. Decentralized online service of multimodal transportation.

Go trading

 

MANA
Decentraland is an open-source initiative to build a decentralized virtual reality.

Go trading

 

ROOTS
RootProject is a new model of crowdfunding platform for public and charity projects. Along with recent innovations in urban public policy and brand new cryptocurrency it brings together ICO investors and society’s most vulnerable layers.

Go trading

 

OPT
Opus is a decentralized music-sharing platform that tackles the issue of music ownership and sharing at an infrastructure and protocol level. Leveraging the speed and redundancy of a novel Interplanetary FileSystem, IPFS, Opus can scale and deliver thousands of tracks per second in a fully decentralized manner.

Go trading