HitBTC Wallet App Launch: Easy Access to the World of Crypto

HitBTC Wallet

The HitBTC team is thrilled to announce the launch of our very own, extra-secure and easy-to-use crypto wallet app. From now on, you can download it in the App Store and Google Play, and start using it right away, regardless of your previous experience with crypto.

At HitBTC, we believe that cryptocurrencies must be universally accessible. Whether you’re a seasoned trader, a long-term holder, or an enthusiastic beginner investor, you should be able to buy and manage coins as effortlessly as you handle your fiat money.

HitBTC Wallet’s Functionality
HitBTC wallet is designed for users who wish to seamlessly enter the world of cryptocurrency and execute all the basic operations such as buying, exchanging, sending, and safely storing the assets.

What you can do with HitBTC Wallet

  • Buy crypto with VISA, MasterCard, Apple Pay, and other popular payment methods
  • Exchange coins and tokens directly in the App
  • Quickly send coins to anyone via a QR code or simply by choosing one of the saved contacts from the friend list
  • Protect your assets with 2FA, biometry, or face ID, and manage access from other devices
  • Track your balance and see the details of every transaction

We’re practicing the security-first approach, so you don’t have to worry about your funds’ safety. HitBTC is a custodial wallet, which means that even if a user loses access to their phone, the funds can be easily restored.

The wallet will soon allow creating friends lists and save important contacts, so you won’t need to type in their address every time you want to make a fund transfer. And there’s more to it: in the future our users will be able to send coins to their friends fee-free.

What Makes HitBTC Wallet Special

  • Besides being developed by the team that created one of the oldest and highly-secured exchanges on the modern crypto scene, the wallet can be used independently or linked to your HitBTC account.
  • Supports 500+ coins including BTC, ETH, XRP, Cardano, and others
  • Creates a universal QR code suitable for receiving any coin (the exchange will be conducted automatically)
  • Features relevant coin news from the reputable media source
  • Quick and easy KYC process
  • Some of the lowest fees on the market

Users who prefer to monitor their coins’ performance and analyze the market trends can do so without leaving the wallet whatsoever, as apart from charts, it features the latest news that can be filtered by a particular wallet.

Closing Thoughts
In the past few years, the cryptocurrency space made a huge step forward in terms of adoption, and we’re excited to contribute to the common goal. Not only we care about the users’ funds safety, but we also strive to provide the smoothest and the most straightforward flow for handling crypto.

HitBTC Token (HIT) Token Burn Update – August 2021

HIT Token Burn

In August we burned a total of 23,008,771.52 HIT tokens (about 6.4 million USDT). The overall supply of HIT has officially decreased from 2,000,000,000 HIT to 1,951,452,078.48 HIT as a result of this recent burn.

Transaction Link: https://etherscan.io/tx/0x50fce42e5ea64623a0de551c952489fa22b2765937a72c1600e92803a50be6e2

HIT token, is the foundation of the HitBTC ecosystem and is used to provide incentives and rewards to our traders and active members in our community.

Find out more about the HIT Token here.

For more information about the HIT Token read our frequently asked questions here.

HitBTC Token (HIT) Token Burn Update – July 2021

HIT Token Burn

In July we burned a total of 25,539,150 HIT tokens (about 5 million USDT). The overall supply of HIT has officially decreased from 2,000,000,000 HIT to 1,974,460,850 HIT as a result of this recent burn.

Transaction Link: https://etherscan.io/tx/0x66379feb5a6ebb1490c0faf8b99f3d32ba436976d3e6dec3dc9d3157bec1dfab

HIT token, is the foundation of the HitBTC ecosystem and is used to provide incentives and rewards to our traders and active members in our community.

Find out more about the HIT Token here.

For more information about the HIT Token read our frequently asked questions here.

HitBTC Launches Its Native Utility Token HIT

HitBTC token

HitBTC is announcing the launch of its native utility token, the HIT token, which will become the foundation of the HitBTC ecosystem. HIT will be used to provide incentives and rewards to the exchange traders and ecosystem contributors.

Geared towards growing our community and enhancing the overall trading experience for our existing HitBTC users, the HIT Token gives the holders exclusive trading benefits including:

  • Trading fees discount up to 45%
  • Low commissions for HIT trading pairs

With the growth of the platform, HIT will extend the utility within the HitBTC ecosystem, offering:

  • Lower margin interest and higher leverage limits on margin trading
  • HIT as collateral for margin and futures trading
  • Decreased fees for the upcoming futures contracts
  • Higher Affiliation program rebates
  • Higher Staking rewards
  • Governance right on future token listings

Token Supply:
HIT is an ERC20 token with a maximum supply of 2,000,000,000 tokens.

Token Allocation:
30% (600M) of the total HIT tokens is sold publicly. There is no pre-sale of HIT to private investors. All 600M tokens is sold in open markets.
20% (400M) of the total HIT tokens is allocated for the founding team.
50% (1Bn) of the total HIT tokens is allocated for the development of the HitBTC ecosystem.

Token Burn Mechanism:
HitBTC will spend from 20% and up of our monthly trading commission revenue (not more than 50% of the total emission) to buy back HIT and burn them on a monthly basis. The token burn will reduce the circulating supply of HIT until there are only 1Bn HIT tokens left.

We are eternally grateful for your trust in us over the last eight years. Our dedication, as in the past, is to continue to provide reliable and secure services that go above and beyond our clients’ expectations. It is our pleasure to invite everyone to join us in creating an ever better exchange with the HIT token.

Read the full information about HIT in the Whitepaper.

Buy Crypto with Credit and Debit cards on HitBTC

Fiat to Crypto Payments

We are very pleased to announce that you can now buy cryptocurrencies with fiat currencies on hitbtc.com easily, quickly and securely.

This new feature has been created for our users to purchase cryptocurrencies using credit/debit cards and bank transfers to ultimately make your trading experience on HitBTC faster and more convenient.

The process behind buying cryptocurrencies will be facilitated through our payment partners Banxa and MoonPay that both support transactions from fiat to crypto, which you can receive in your HitBTC account. You can then trade your crypto on our platform that has more than 400 cryptocurrencies and over 800 trading pairs available.

If you would like to start buying crypto using this new service on HitBTC, simply login to your HitBTC account, select the crypto you would like to buy, click “Deposit”, then click “Buy crypto with a bank card” and choose a payment provider. After this, you will be redirected to a payments page where you will be able to buy crypto with your debit or credit card or bank transfer.

Buy crypto with a bank card
Benefits of using fiat transactions to buy cryptocurrencies on HitBTC

– Convenient: Visa and Mastercard accepted;
– Fast transactions;
– Low Fees.

We hope you enjoy this new service and we look forward to hearing what you have to think about it.

Happy trading on HitBTC

New pairs available for Margin Trading

Margin Trading New Pairs

We are very pleased to announce that even more trading pairs are available for Margin Trading on HitBTC!


Margin trading has been available on our platform since July 2020. With this feature, you can open positions with smaller initial deposits and access leverage to increase your position size and profit depending on the trading pair you choose. The feature is available on both desktop and mobile allowing you to trade on the fly and adjust your position size to ensure that in case of a partial closing of a position, your PNL (profit and loss) is calculated proportionally and you can keep your trades open by transferring more funds into your account.

Margin trading is also available on the following trading pairs where traders can access x12 leverage on BTC/USDT and ETH/USDT, 10x leverage on EOS/USDT, TRX/USDT, LTC/USDT, ETC/USDT, ADA/USDT, XMR/USDT, EOS/BTC, TRX/BTC, LTC/BTC, ETC/BTC, ADA/BTC, XMR/BTC and 5x leverage on BSV/USDT, ZEC/USDT, DASH/USDT, XLM/USDT, NEO/USDT, VET/USDT, DOGE/USDT, BSV/BTC, ZEC/BTC, DASH/BTC, XLM/BTC, NEO/BTC, VET/BTC, DOGE/BTC.

Read more about margin trading on HitBTC.

Fees and Limits update

We have recently updated our fees and limits. For the latest updates, please visit the fees and limits section on our website here.

HitBTC Mobile App

Don’t forget that you can trade on our platform from your mobile device. Start today by downloading the HitBTC App on Android and iOS.

Margin Trading is now live on our Android and iOS Mobile Apps

Mobile Margin Trading

We are delighted to announce that margin trading is now available on our Android and iOS apps, giving you the option to leverage funds of up to 12x on selected trading pairs via mobile.

Since its roll out on to our main web platform in July 2020, this feature has proven to be popular amongst our trading community and we have received great feedback about it. Now with its availability on both Android and iOS, we are thrilled to give you the opportunity to make margin trades on the fly and enhance your overall trading experience with us on mobile.

Margin trading on our Android and iOS apps works just like it does on our main web platform, but now you have the option of using it through the comfort of your phone. The feature allows you to open positions with smaller initial deposits and access up to 12x leverage to increase both your position size and your potential profit depending on the trading pair you choose. Moreover, just like on our web platform, you can manage your position size to ensure that in case of a partial closing of a position, your PNL (profit and loss) is calculated in proportion to the value of the position and also make sure your trades stay open by transferring more funds in and out of your margin account via your phone.

Currently, margin trading is available for a selected amount of trading pairs allowing up to 12x on BTC/USDT and ETH/USDT, 10x leverage on EOS/USDT, TRX/USDT, LTC/USDT, ETC/USDT, ADA/USDT, XMR/USDT, EOS/BTC, TRX/BTC, LTC/BTC, ETC/BTC, ADA/BTC, XMR/BTC and up to 5x leverage on BSV/USDT, ZEC/USDT, DASH/USDT, XLM/USDT, NEO/USDT, VET/USDT, DOGE/USDT, BSV/BTC, ZEC/BTC, DASH/BTC, XLM/BTC, NEO/BTC, VET/BTC, DOGE/BTC.

Read more about margin trading on HitBTC.

Happy Trading!

Upcoming Bitcoin Cash (BCH) Hard Fork Information

BCH Hardfork

Dear Traders,

It is estimated that the Bitcoin Cash (BCH) Hard Fork is set to take place around November 15th, 2020 at 12:00 PM (UTC). Following the update, BCH might split into two tokens Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN).

HitBTC will support the upcoming fork and will do the following:

1. BCH Deposits & Withdrawals

Our technical team will pause deposits and withdrawals of BCH on November 15th, 2020 at 10:00 AM (UTC) until the update is complete. Your funds will remain safe during the update.

2. What happens if a new token is created?

If the BCH Hard Fork results in the creation of two tokens, HitBTC will credit all users with the additional token once the update is complete. The new token will be issued to all users by a 1:1 ratio based on a full snapshot of BCH balances on HitBTC at 12:00 PM (UTC) on November 15th. A decision on which chain will carry BCH ticker on HitBTC will be taken after the completion of the fork.

3. What happens if no new coin is created?

If no new coin is created, then our technical team will open BCH deposits and withdrawals as soon as possible.

4. BCH Trading

Spot and margin trading Bitcoin Cash will not be affected by this process. Please ensure you take sufficient risk measures as price volatility is often high during contentious hard forks.

Happy Trading on HitBTC!

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 10x for five markets including BCH/USDT, XRP/USDT, ETH/BTC, BCH/BTC, XRP/BTC, and now up 12x for BTC/USDT, ETH/USDT.

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