SENSO Airdrop Round 3

Get ready for the 3rd SENSO Airdrop taking place on our platform where this time you can win up to 200 SENSO tokens for showcasing your best trading skills.

The Airdrop will run from 00:00 (UTC) July 14th to 00:00 (UTC) July 21st, 2020.

How to take part?

– Trade SENSO on HitBTC during the Airdrop period.
– Rank in the top 100 traders at the end.
– Win 200 SENSO tokens.

Rules

The top-100 traders of SENSO with the highest trading volumes will receive 200 SENSO tokens after the Airdrop period has ended.

HitBTC Introduces Margin Trading on the Main Platform

We are pleased to announce that we’ve added a margin trading tool, previously a core feature of Demo HitBTC, to the main platform, giving our users the opportunity to leverage the funds they already have. By operating with a certain amount of money borrowed from the exchange, users will be able to amplify their trading positions and multiply their potential gains. But first, to open a trade, they have to put forward collateral equivalent to a particular percentage of the full value of the position. This collateral constitutes the margin.

This tool can be used for all the order types currently available with normal trading. The only thing different is the amount of potential profit, which increases due to the ratio of borrowed funds to the margin that is leveraged. Currently, to get a taste of crypto margin trading, HitBTC is offering a leverage rate of up to 10 for seven markets (BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, ETH/BTC, BCH/BTC, XRP/BTC), meaning that users have the chance to raise their capital gains tenfold.

Update: New pairs added to our new margin trading feature! Enjoy up to 10x leverage on EOS/USDT, TRX/USDT, LTC/USDT, ETC/USDT, ADA/USDT, EOS/BTC, TRX/BTC, LTC/BTC, ETC/BTC, ADA/BTC and up to 5x leverage on BSV/USDT, ZEC/USDT, DASH/USDT, XLM/USDT, BSV/BTC, ZEC/BTC, DASH/BTC, XLM/BTC.

How does margin trading work?

Let’s consider a hypothetical example. Let’s say you have 400 ETH  on your account balance, or enough ETH to purchase 10 BTC. After a while, you see the price of the latter increases by 100 units, so you decide to sell 10 BTC for 1400 ETH. Consequently, your profit here is 1000 units.

And now suppose that you would like to use the maximum x10 leverage and borrow 3600 ETH from the margin lender, depositing the same 400 units as collateral. Then you spend your 4000 ETH to buy 100 BTC. In this scenario, if the price of the latter increases by the same 100 units, you will be able to sell your 100 BTC for 14,000 ETH and gain a profit of 13,600 units – or ten times more than you would have made with only your initial investment.

This also works when market prices drop. In this scenario, you take your 400 ETH and sell them for 94,000 USDT. If the price of the former falls by 200 units, you then will have an opportunity to buy these 400 ETH for 14,000 USDT, leaving you with 80,000 more USDT as a profit.

But if we add 3600 ETH borrowed from a broker and sell 4000 ETH for 940,000 USDT, the same price drop will result in the ability to get your 4000 ETH back for 140,000 USDT, plus a profit of 800,000 USDT, which is ten times more than you would have had without using margin.

Margin call level and margin liquidation level

The margin call level applies to the ratio of your account balance to the used margin, calculated in percent, at which your open positions are close to be liquidated by a broker. When this happens, users will receive a call notification in the form of a pop-up appearing in the browser and suggesting that they either close some of their positions or add some more funds to their margin. But it is also crucial to constantly monitor the margin level yourself in order to be able to increase the amount of collateral and reduce liquidation risks in time. At margin call level no automatic liquidation occurs.

Margin liquidation level is the level that initiates the automated liquidation process, meaning that it is no longer possible to prevent the liquidation once it has started. In our case this occurs when the market price is equal to the liquidation price established by the exchange.

PNL (profit and loss)

PNL is the capital gains you have accumulated, measured in USD, between your deposit and your final payouts. PNL is credited to your balance as soon as you close your position and can be subsequently transferred to your trading account along with collateral funds.

The partial closing of an open trade will realize your PNL in proportion to the value of the relevant position, which users are enabled to both increase and decrease within the valid buying power range.

Margin fees

All fees charged by a broker for the use of borrowed funds are in addition to the regular trading fees that vary based on the total volume of the trade. Our margin fees are fixed, so they do not depend on the period of time during which your position is open, and offset independently once every eight hours from your margin account.

Margin trading advantages

This tool  allows traders to expand their market activity by increasing their position sizes. You can try Bitcoin margin trading if your account balance is not sufficient to trade, but you consider the market conditions to be favourable. Moreover, with margin trading you have the opportunity to boost your gains in a much shorter period of time.

However, doing this successfully requires a more advanced level of knowledge and trade experience, owing to the high volatility of the crypto market. If you are a novice in margin trading, we highly recommend that you practice this strategy on our demo platform first before trading with real funds. You can find more information on how to get started on Demo HitBTC here.

But one more rule, which is always appropriate in crypto, is that you should do your own research and trade in accordance with the current market situation.

Get started

To start margin trading, head over to the relevant  tab and press “Margin” to add collateral funds to a margin account. Please keep in mind that at this stage your verification level and 2-factor authentication status will be checked. Then choose your trading instrument in the pop-up, enter the amount of your collateral into “Amount” and press “Transfer.” 

It is noteworthy that the sum transferred to the balance cannot exceed the amount of funds stored on the trading account and will be used for operating the particular trading instrument you have chosen. 

Now you are ready to trade on margin with an enhanced buying power. Later, you can examine the history of all your requests, trades, positions and fee charges via the terminal or Reports tab.

Good luck!

HitBTC iOS App Now Available

We’ve got some great news for HitBTC users with iOS devices. Our new iOS application is up and available in the App Store, This means that HitBTC is now available for both iOS and Android mobile devices.

HitBTC for iOS brings the industry’s most diverse digital asset market, with over 800 trading pairs, to your fingertips. The main features of the exchange come built-in to the app, so users will feel right at home on the mobile platform. With 2FA and pin code protected access, in addition to the finest encryption in the industry, mobile users will be able to enjoy the exchange’s services with the peace of mind of knowing that their funds and data are absolutely secure.

On HitBTC for iOS you’ll find everything that you need to elevate your trading, even when you’re on the move. The expansive orderbook and best in class liquidity will see that you are able to get what you want when you want it, and the price will always be fair. In addition, a variety of order types are available in the app, so you’ll be able to maneuver your way around the market as you please and explore different trading strategies without having to login to the desktop version of the exchange.

Our mobile platform comes with the latest in market tracking technology, making researching and analyzing that much easier. In addition, the mobile app has a full range of account management options which will let you access deposits, withdrawals, transfers and operation histories. The controls and features offered on HitBTC mobile will see that you are informed and capable of moving decisively in the market, regardless of where you are.

With this release HitBTC is now available for both Android and iOS devices. On-the-go, mobile functionality is key to modern trading. It is not enough for an app to merely provide access to an exchange; it has to give users a complete experience. We have been hard at work to see that you are provided with just that in our new iOS release. If you have any questions regarding HitBTC for iOS or for Android, please reach out to our support team who will be happy to assist you.

IOS: https://apps.apple.com/us/app/hitbtc-cryptocurrency-exchange/id1472411000?ls=1

Android: https://play.google.com/store/apps/details?id=com.hittechsexpertlimited.hitbtc

Happy trading,
The HitBTC Team

SENSO Holders Airdrop Round 2

We are pleased to announce that there will be a 2nd round of a SENSO Holders Airdrop on our platform between 00:00 (UTC) June 23rd to 00:00 (UTC) June 30th, 2020.

During this time all users who buy 160 SENSO tokens or more on HitBTC will earn 40 more tokens for free from a prize pool of 50,000.

How to take part?

  • Buy at least 160 SENSO tokens on HitBTC during the airdrop period
  • Hold your SENSO tokens until the airdrop ends
  • Get 40 extra SENSO tokens

Rules

  • This airdrop is subject to availability and only has 1250 places.
  • External deposits of SENSO to HitBTC do not count.
  • All rewarded SENSO tokens will be distributed between June 30th – July 2nd, 2020.

Join the Insolar Airdrop on HitBTC

We are pleased to announce that we will host an Insolar Airdrop on our platform between 11:00 (UTC) June 9th to 11:00 June 23rd, 2020.

During this time the first 1000 participants who join will receive 3 XNS tokens from a prize fund of 3000 XNS.

How to take part?

– Fill out and submit this form

– Join the HitBTC and Insolar Telegram Groups and follow this Telegram Channel

– Follow Insolar and HitBTC on Twitter

– Visit xns.insolar.io, create an Insolar wallet address and make at least 1 transaction

SENSO Holders Airdrop

We are pleased to announce that we will host a SENSO Holders Airdrop on our platform between 00:00 (UTC) June 2nd to 00:00 (UTC) June 9th, 2020.

During this time all users who buy 100 SENSO tokens or more on HitBTC will earn 25 more tokens for free from a prize pool of 50,000.

How to take part?

  • Buy at least 100 SENSO tokens on HitBTC during the airdrop period.
  • Hold your SENSO tokens until the airdrop ends.
  • Win 25 extra SENSO tokens.

Rules

  • Buy at least 100 SENSO in total on HitBTC and hold it till the end of the activity to receive 25 SENSO.
  • This airdrop is subject to availability and only has 2000 places.
  • First 2000 participants will receive the reward.
  • External deposits of SENSO to HitBTC do not count towards.
  • All rewarded SENSO tokens will be distributed between June 9th – June 12th, 2020.

HitBTC partners up with TradingView

We are pleased to announce that we have partnered up with TradingView, a global social network for traders.

TradingView is a financial visualization platform that provides market data, charting tools, analytics, trading instruments and gives users the possibility to trade on other platforms through API integration. Users can also follow each other and connect with millions of traders to discuss and share their trading ideas with the community. The platform supports a wide range of assets including currencies, stocks, indices, futures, cryptocurrencies, bonds and CFDs.

This new and exciting partnership will allow TradingView users to manage their orders on HitBTC via the web-trading interface on TradingView. For example, one can place buy or sell orders via the TradingView platform without having to log in to HitBTC, all that is required is for users to submit their private API keys to their TradingView account.

At HitBTC, we are always doing our best to improve our service, provide new opportunities to our users, and partner with exciting projects. Our new partnership with TradingView does just that, and we are very happy to offer this additional service to our community of traders.

Stay up to date with future announcements from our team.

The 2nd EMIREX (EMRX) Trading Contest on HitBTC

We are pleased to announce that our 2nd EMIREX (EMRX) trading contest with a prize pool of 15000 EMRX will take place on our platform from  00:00 (UTC) on May 25th to 00:00 (UTC) on June 4th, 2020.

How to participate?

  1. Trade EMRX on HitBTC during the contest period.
  2. Sit back, relax and wait until the end of the contest to see if you won. Users will be ranked on their buy and sell trade volumes during the contest period.

Prizes and Positions

1st: 4500 EMRX
2nd: 3000 EMRX
3rd: 2250 EMRX
4th: 1500 EMRX
5th: 750 EMRX
6th-10th: 600 EMRX

Good Luck and Happy Trading!

Apply now: https://hitbtc.com/trading-contest/54

Please note that we have a zero-tolerance policy towards wash trading and other unfair trading strategies. Those suspected of wash trading will be excluded from the list of winners.

USG Free Trading Day on HitBTC

To celebrate its recent addition to our platform, we are pleased to announce that between 12:00 (UTC) on May 25th to 12:00 (UTC) on May 26th, 2020 we will offer free trading on all USGold (USG) trading pairs including.

USG / BTC
USG / ETH
USG / USDT

USG tokens are issued and administered via smart contracts on the Ethereum blockchain where each token is a direct representation of an American Eagle one-ounce gold coin, minted by the United States of America. Learn more about the project here.

During the “Free Trading Day,” there will be 0 trading fees for both makers and takers on HitBTC for the USG token.

How to take part?

1. Create an account on HitBTC or sign in to your existing account
2. Trade USG against a trading pair of your choice

Good luck and happy trading!

HitBTC will support the JUST (JST) Airdrop Programme

We are pleased to announce that we will support the JUST (JST) Airdrop programme for TRON (TRX) holders.

The Airdrop programme will start today, May 20th, 2020 and will be split into a number or phases explained below.

Airdrop phases

20th May, 2020 – An airdrop of 217,800,000 JUST (JST) tokens will take place, matching 2.2% of the total supply.

Over the next 12 months following this initial airdrop, 237,600,000 JST will be given to TRX holders, matching 2.4% of the total supply.

Starting from June 2021 and over the next 12 months, the JUST Foundation will airdrop 257,400,000 JST, matching 2.6% of the total supply.

Finally, starting from June 2022 over the next 5 months, the JUST Foundation will airdrop 277,200,000 JST, matching 2.8% of the total supply.

How to receive your JUST Tokens on HitBTC?

JUST (JST) will be automatically airdropped as a new token on HitBTC to all TRX holders who have a balance greater than or equal to 100 TRX. Holders of TRX tokens will receive JST tokens proportionally which means the amount you receive will depend on how many tokens you hold. There may also be a delay of 72 hours in receiving your JST tokens due to popular demand and distribution factors.