SOLVE Trading Contest on HitBTC

After the recent addition of SOLVE on HitBTC, we are very happy to announce that we will host a trading contest with a prize pool of 100,000 SOLVE tokens for users who trade on our platform.

The contest will run from 00:00 (UTC) on February 5th to 00:00 (UTC) on February 17th, 2020.

How to participate?

Trade SOLVE against BTC during the contest period.
Your SOLVE balance at the end of the competition cannot be lower than your SOLVE balance at the start.
Wait until the end of the contest period to see if you won. Users will be ranked on their buy and sell trade volumes during the contest period.

Prizes and Positions

1st prize: 50,000 SOLVE
2nd prize: 25,000 SOLVE
3rd prize: 10,000 SOLVE
4th prize: 3,000 SOLVE
5th-10th prize: 2,000 SOLVE each

Good Luck and Happy Trading!

Apply now: https://hitbtc.com/trading-contest/41

Our contest rules have been updated, find out more: https://hitbtc.com/contest-rules

The 2nd Silverway (SLV) Trading Contest on HitBTC

We are proud to announce that we will be hosting another trading contest on our platform where Silverway (SLV) will once again give away SLV tokens to a number of lucky winners.

The contest will run from 00:00 (UTC) on January 21st to 00:00 (UTC) on January 30th, 2020.

How to take part?

Trade SLV against BTC on our platform during the contest period.
Your SLV balance at the end of the contest cannot be lower than your SLV balance at the start.
Wait to see if you were one of the lucky winners. Users will be ranked on their buy and sell trade volumes during the contest period.

Prizes and Positions

Prize pool: 20,000

1st prize: 3,300 SLV
2nd prize: 2,200 SLV
3rd prize: 1,500 SLV
4th prize: 700 SLV
5th-10th prize: equally split 2,400 SLV
11th-100th prize: 110 SLV each

Don’t miss this opportunity to accumulate more SLV by showcasing your best trading skills.

Apply now: https://hitbtc.com/trading-contest/40

Please note that our trading contest rules have changed. For future reference, pay attention to our new rules, visit: https://hitbtc.com/contest-rules

Sub-Accounts Now Live on HitBTC

We are happy to announce that we’ve put together a great new feature that will give our users a higher degree of control and flexibility in their actions on our exchange. The sub-accounts option is a perfect solution for institutional and corporate clients. It enables users to create distinct subsidiary accounts with which they can explore various trading styles and strategies with operational autonomy while still contributing to the volume activity of all your accounts.

The way this works is fairly simple. Your master account is the control room of your financial operations. If you have already upgraded your account, it will be automatically converted into a master account. If you cannot create sub-accounts, you will need to upgrade your account.

Once you have a master account up and running, you can then create any number of subsidiary accounts that are all tied to the master. Each subsidiary account is like a small branch that operates independently from other sub-accounts but falls under the control of the master account.

This is important for a number of reasons. Not least among them being that, with this structure, corporate and collective clients can set up operations on HitBTC quite easily, spreading activity out but retaining full authority and security.

Key to the sub-accounts structure is the way they contribute to a trader’s Fee Tier standing. While each sub-account is separate, all sub-accounts tied to a master account contribute to the cumulative volume of all your accounts. Therefore, while you can be engaged in a variety of different trading activities unconnected to each other, all the activities will weigh in the financial favor of your accounts.

Here’s a breakdown of the differences between master accounts and sub-accounts:

You own personal command center

For the management of all your sub-accounts we’ve created a Command Center where you will find everything you need in one place. Here you can control and audit the sub-accounts you have under your master account and create new sub-accounts by linking them to email addresses that have not yet been registered with HitBTC. Additionally, this is where you will find the cumulative account balance of all subsidiary accounts displayed in BTC or USD.

Account management and reports

With the master account you will have access to the balance sheet of each of your subsidiary accounts. This will give you details on transfers, withdrawals, and deposits as well as an overview of recent account activity. The Reports section of the Command Center will give you order, transaction, deposit, and withdrawal information on all accounts, including the master, broken down by the account. Additionally, this is where you will find a summary for all sub-accounts.

Security

The way security works for sub-accounts maximizes the security for all parties involved. Each sub-account will have its own API keys which will be accessible only to the individual sub-account and the master account. You can freeze sub-accounts or only withdrawals for them, transfer balances, and remove keys from your master account.

Saving advantages

Transactions that occur between a master account and a sub-account occur off-chain and are therefore free.

KYC

Only master accounts have to undergo the KYC procedure. This means that, upon creation, sub-accounts already meet the KYC requirements and do not have to go through the verification process.

Get Started

Right now the Sub-Accounts feature is available upon request. To get started, head over to the Sub-Accounts tab. Once your request has been approved, you can enjoy the full functionality of this feature. Please note that only new accounts, with email addresses that have not yet been linked to HitBTC can be added as sub-accounts.

Join the Kryll (KRL) Trading Contest on HitBTC

Calling all Traders!

Celebrate the addition of Kryll (KRL) by taking part in a trading contest with a prize pool of 200K KRL from 0:00 AM (UTC) December 10th to 0:00 AM (UTC) December 20th, 2019.

There will be an additional 100K (KRL) distributed to all traders that take part through the Kryll platform via API.

How to Participate

  1. Sign up to the KRL trading contest, click here: https://hitbtc.com/trading-contest/39
  2. Trade KRL against BTC on HitBTC during the contest period.
  3. Your KRL balance at the end of the competition cannot be lower than your KRL balance at the start.
  4. Traders will be ranked on their buy and sell trade volumes during the contest period.

Prizes and Positions

1st prize – 30% of the prize fund
2nd prize – 20%
3rd prize – 15%
4th prize – 10%
5th prize – 5%
6-10th prize – 4% for each trader

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.

HitBTC iOS App Out for Beta Testing; Rewards Offered for User Feedback

We have listened to the wishes of our community and moved into the next stage of development on our HitBTC iOS application. We want to make sure all the i’s are dotted before we send the app out to all corners of the world. This is where we are counting on your help, our dear users.

For those of you who are eager to use HitBTC on your iOS devices before it is available in the App Store, the good news is that you can. We are in fact doing a preliminary rollout of the app and are welcoming 200 users to be our “beta testers”. The top three beta testers who give the most valuable feedback will be awarded with a total of 6,000,000 Verasity (VRA) tokens split three ways. When we did this for our Android app, we received more than 300 recommendations, of which almost 80% were implemented.

Rewards are not only limited to the top three beta testers. If you provide us with really useful information and suggestions – which consists of in-depth reviews and unique or first-find bug identifications with clear duplication instructions and screenshots – we will reward you with trading discounts that will put you on the third tier of our Trading Fee Tier system (0.05% Maker Fee and 0.07% Taker Fee) for one month.

Let’s get started! Please follow the steps below:
1. Install TestFlight: https://apps.apple.com/app/testflight/id899247664
2. Open page: https://testflight.apple.com/join/SmlEaZ7h
3. Leave your feedback until 00:01 UTC Dec 16th, 2019 in this form: https://support.hitbtc.com/hc/en-us/requests/new?ticket_form_id=360000153000

Exclusive Silverway (SLV) Trading Contest on HitBTC

To celebrate being added to our platform, Silverway (SLV) will giveaway 25,000 SLV tokens to users on HitBTC in an exclusive trading contest running from 0:00 AM (UTC) on November 19th to 0:00 AM (UTC) on November 28th, 2019.

Learn more about the trading contest rules here: https://hitbtc.com/trading-contest/38

 

How to participate

  1. Trade SLV on HitBTC during the contest period.
  2. Your SLV balance at the end of the competition cannot be lower than your SLV balance at the start.
  3. Sit back and wait to see if you won. Users will be ranked on their buy and sell trade volumes during the contest period. 

 

Prizes and Positions

1st prize: 3,500 SLV

2nd prize: 2,000 SLV

3rd prize: 1,500 SLV

4th prize: 1,000 SLV

5th-10th prize: 750 SLV each

11th-100th prize: 138 SLV each

 

Good Luck and Happy Trading!

 

Visit: https://hitbtc.com/SLV-to-BTC

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.

Of importance to us in this process was optimizing our exchange for traders of all kinds. Too often traders have to pay out the nose via trading fees just to enjoy a comfortable level of security on an exchange.

Our old tier system had fifteen levels, ranging from 30-day trading volumes of less than 100 bitcoins to volumes of greater than 6 million bitcoins. It was, in short, comprehensive. But we felt it could better suit everyone involved if it were tailored to better facilitate the activities that are most common here. The fifteen previous tiers have been consolidated into ten, and fees have been slashed across the board.

Just looking at the lowest tier, which now applies to 30-day trading volumes of less than 10BTC, fees here have been slashed from 0.1% for makers and 0.2% for takers to a blanket 0.07% for both categories. For upgraded accounts, HitBTC utilizes a trading fee tier system, rewarding community members for high volume trading. The fees for the rest accounts are fixed at 0.1% Maker Fee and 0.2% Taker Fee.

While the maker-taker system is designed to encourage liquidity positive activity on behalf of traders, we believe the adjustments we have made will further stimulate liquidity by freeing up members of the first bracket class from restrictive trading fees. The incentive staggering that favors makers continues as you ascend the nine tiers, but now users are provided with an industry low fee threshold at the most basic level of engagement on our exchange. 

Moving forward, we hope that this fee slash comes to mark the beginning of a period of growth for our platform, both in terms of community and product. The process of refinement—for anything worth refining—is never-ending, and we are honored that you are coming along with us on this journey. If you have any questions regarding the new fee system, or anything else concerning our platform, our support team will be happy to help. 

New tickers for Bitcoin Cash ABC and SV

Dear traders!

On July 11, 2019 we are changing the ticker of BCHABC to BCH, and BCHSV to BSV. Transactions and trading in BCH, BCHABC, and BCHSV will be unavailable 15:00–15:05 UTC.

 

After the works are completed, BCH (old) trading will be stopped permanently.

All the balances in BCH will be converted 1:1 to BCHABC and BCHSV.

BCHABC will be renamed to BCH, and BCHSV will be renamed to BSV.

The old BCH will be renamed to BCHOLD and if you need to check your history, you’ll see it under that ticker.

 

For BCH(BCHABC) and BCHSV(BSV) old and new tickers will be supported simultaneously for all API calls where tickers are used as requests parameters. Market Data requests without explicit ticker specification will return new ticker names only.

For FIX users nothing will change, so you don’t need to worry.

 

Why is it happening?

BCHABC and BCHSV tickers appeared during the BCH fork. By allowing our users to trade what was then known as Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV), we were encouraging the free choice of our community to support either of the new chains.

Over time, the general public has accepted BCHABC as the successor to the original BCH.

 

If you have any questions, do not hesitate to contact us at https://support.hitbtc.com/hc/en-us/requests/new?

HitBTC Core Relocation to London on May 20, 2019

At HitBTC we are dedicated to providing institutional-grade connectivity solutions while maintaining system resilience, both of which are vital to expanding the reach of digital assets trading. HitBTC is the industry-leading provider of digital asset trading solutions with 150% more trading pairs than the nearest competitor and with average throughput of over 10,000 orders per second. As such we are committed to continuously improving our infrastructure and delivering trading and market data connectivity with the lowest latency and maximum security possible.

In this light, we are pleased to announce the rolling out of the improved infrastructure layout of the exchange core and the migration thereof along with other services including our automated custody to LD4 data center (London, UK). A result of long-lasting efforts on the side of our engineering team, the updated architecture also enables HitBTC to maintain high performance in the face of growing number of trading pairs, new traders, and unexpected jumps in trading activity. The improvements made will bestow traders with the ability to react much more quickly to rapidly changing market conditions resulting in sharp price movements. Our preliminary benchmarks indicate mean door-to-door latency of ~600 μs and ~5 ms when utilizing FIX and Websockets/REST, respectively.

Scalable, high-performance co-location services are an integral component for supporting the increasing demand for high-throughput access. HitBTC ensures low-latency, versatile, and robust connectivity by hosting a data center in London to provide, among others, brokers, hedge funds, and banks with the required infrastructure to access reliably the digital asset space. To learn more about low-latency FIX access, contact our partner company BEQUANT.

Finally, the automated part of our custody is also moved to a highly secure LD4 datacenter. Our estimates suggest that the custody solution we have today is the most comprehensive and least susceptible to human factor due to its high degree of automation and, hence, the most reliable on the market. This is starkly evidenced by the fact that for 6 years since inception in 2013 it has never been breached.

Expected works schedule:
Approximately 10 minutes of trading downtime on 20 May, between 17.00 UTC and 21.00 UTC.

For your convenience, we will inform you of the exact maintenance schedule 3 hours and 15 min before the procedure via Twitter and Web notifications.

VRA trading contest

VRAWe are glad to announce new $VRA trading contest with Verasity hosted by HitBTC exchange.

$VRA by Verasity is available for trading on HitBTC against $BTC and $ETH. Top 10 $VRA traders will be awarded from a prize pool of 20,000,000 VRA. You can see all contest rules on our trading contest page: https://hitbtc.com/trading-contest/25

Verasity.io is a leading video player providing unique Rewarded Video Player Technology to major video publishers across the globe. It enables VRA rewards, monetization and loyalty schemes within the video player wallet. Their technology is already available to 280,000 video publishers with 240 million users and 50 billion monthly views. This brings audiences, and revenues back to video publisher sites from YouTube. Their attention-based model creates a thriving VRA token economy between viewers, video publishers and advertisers.

For more information on Verasity, please visit: https://verasity.io/