HitBTC Token (HIT) Token Burn Update – January 2022

HIT Token Burn

In January we burned a total of 27,283,318 HIT tokens (about 7.7 million USDT). The overall supply of HIT has officially decreased from 1,810,969,630.06 HIT to 1,783,686,312.06 HIT as a result of this recent burn.

Transaction Link: https://etherscan.io/tx/0x651523ef7ced370c2238bbeedb17ade75f85ff36c4eca22ce975ddf3259ae45f

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.

November 2021 Digest

November 2021 Digest

HitBTC experts have prepared a short digest informing you of the main news that has taken place recently in the crypto market and on the HitBTC platform!

Cryptocurrency Market

BTC closed in the red 7%

ETH showed stability and closed the month +0.10%

– GameFi tokens have reached new highs in November: 

      Axie Infinity (AXS) is a blockchain-based trading and battling game that is partially owned and operated by its players.

      Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.

      Enjin Coin (ENJ) is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products.

      Gala (GALA) is an Ethereum token that powers Gala Games, a platform for blockchain gaming.

      luvium (ILV) is an open-world fantasy battle game built on the Ethereum blockchain. 

      Mobox (MBOX) is the native utility token that is used for processing transactions through the NFT gaming platform and staking for platform bonuses and incentives.

      Sandbox (SAND) is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game.

      Starlink (STARL) is the key to STARL Metaverse: 100% unlocked, renounced, and community-driven.

      Alien Worlds (TLM) is a decentralized, non-fungible token (NFT) metaverse, where players compete for scarce resources, Trilium (TLM), in a stimulated economy centered around planetary worlds.

      WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. 

      Ultra (UOS) is serves a variety of purposes within the Ultra platform, both at the protocol (staking) and at the app level (transactions).

      Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that invests in virtual world non-fungible tokens (NFTs).

What’s new on HitBTC:

We have also increased the leverage for these perpetual futures trading assets:

$BTC – 100x

$ETH – 75x

$ADA – 75x

$SOL – 75x

Trade Perpetual Futures now

We have added the Xanpool payments gateway to our trading platform and payments gateway to our trading platform and users in Asia can buy and sell crypto using SGD, MYR, HKD, VND, INR, PHP, THB and KRW.

  • New tokens are here:

ALCX (Alchemix) is the governance token for the self-paying loan protocol Alchemix.

ALPACA (Alpaca Finance) is the lending protocol allowing leveraged yield farming on Binance Smart Chain. 

BNX (BinaryX) is the governance token for Cyber Dragon, a Play to Earn Game based on Binance Smart Chain.

BTCBAM (Bitcoin BAM) is based on the UTXO model, it adopts the consensus mechanism of PoS and is a public blockchain.

CITY (Manchester United Fan Token) – Official Manchester City F.C. Fan Token.

DAR (Miners of Dalarnia) – The DAR token is the official token in Mines of Dalarnia and represents the game’s governance. 

ENS (Ethereum Name Service) is an open, public, decentralized identity protocol that runs on the Ethereum blockchain. 

JASMY (JasmyCoin) is the governance token for the Jasmy platform, designed to protect individual data sovereignty by blending IoT technology with blockchain.

LTNM (Bitcoin Latinum) is a bitcoin hard fork, which aims to pick up where Bitcoin’s idea of being bankless and peer-to-peer electronic cash system left off.

MIMO (Parallel Protocol) is the governance token of the Mimo DeFi platform that allows its users to enjoy liquidity from their crypto assets without selling them.

MOVR (Moonriver) is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network.

PAR (Parallel) is a decentralized, collateral-backed synthetic asset algorithmically stabilized to the Euro currency. 

PLI (Plugin) is a decentralized Oracle Platform that provides cost effective solutions to any smart contract which runs on XinFin XDC Network Eco System. 

REQ (Request) is a utility token that ensures the performance and stability of the Request Network, a payment solution that works with all global currencies. 

SKP (Skyswapp Protocol) is a decentralized payment asset, intended to promote the use of Digital Assets and Blockchain-based technologies in the aviation, hospitality, and gaming industries.

SRX (StorjX Token) – StorX is a decentralized cloud storage network, which empowers users to store their data securely in the cloud.

STARL (Starlink) is the key to STARL Metaverse: 100% unlocked, renounced, and community-driven.

SUKU (SUKU)  is an ecosystem of purpose-driven lenders who provide microfinance opportunities to disenfranchised supply chain participants.

TONCOIN (Toncoin) is a blockchain-based ecosystem intended to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS and instant payments.

TRIBE (Tribe) is the governance token for the FEI algorithmic stablecoin, a new decentralized solution to the stablecoin market. 

UOS (Ultra) serves a variety of purposes within the Ultra platform, a blockchain-based, PC game distribution platform designed to provide both gamers and game developers with new opportunities.

USNOTA (USNOTA) is a multiplatform decentralized service used to confirm the existence of digital events such as electronic correspondences, images, and videos.

UST (Terra USD) is the decentralized and algorithmic stablecoin of the Terra blockchain. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar. 

  • HIT Token Burn

In November we burned a total of 41,611,359 HIT tokens (about 15.4 million USDT).

Useful links:

Сrypto wallet App

The HitBTC crypto wallet is a free and simple solution for beginners.

App on Android and iOS.

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.

New Partnership Announcement: XanPool

We’re thrilled to introduce HitBTC’s new partner, XanPool!

XanPool is a global fiat-gateway solution designed for cryptocurrency platforms such as exchanges, wallets, and others. It enables various local payment methods, eliminating the possibility of chargebacks. On top of that, the software can be seamlessly integrated into any platform with just a few lines of code. 

HitBTC and XanPool Alliance

By partnering with XanPool, HitBTC expands its services to the fast-growing Asian market and offers its user a new and affordable solution for buying and selling cryptocurrency.

The integration benefits include:

  • Support of 10+ additional fiat currencies
  • Local payment solutions for buying and selling coins
  • An easy entry point for users with no previous experience with digital assets
  • Access to 500+ cryptocurrencies available at HitBTC
  • Higher liquidity for the digital asset ecosystem 

About XanPool

A unique omnichannel solution offered by XanPool allows businesses around the world to integrate fiat on-ramp and off-ramp functionality. XanPool products, a customizable widget and an API, help crypto projects’ end-customers buy and sell cryptocurrency instantly, without any custody risks. Moreover, XanPool takes care of the KYC process, making it fully automated and secure. 

The use of local payment providers in India, Indonesia, Hong Kong, Australia, and other countries makes crypto sales and purchases more cost-efficient compared to credit cards or wire transfers. 

Useful links

Сrypto wallet App

The HitBTC crypto wallet is a free and simple solution for beginners.

App on Android and iOS.

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.

New Pairs Available for Margin Trading

Margin Trading New Pairs

We are very pleased to announce that more trading pairs are live on our Margin Trading feature! 

Now you can access x5 leverage on 1INCH/USDT, ALGO/USDT, SOL/USDT, ATOM/USDT, AXS/USDT, DGB/USDT, ENJ/USDT, HBAR/USDT, DOT/USDT, MANA/USDT, OMG/USDT, ONT/USDT, SHIB/USDT, ZRX/USDT, YFI/USDT and ZEN/USDT

Margin trading has been available on HitBTC since July 2020. With this feature, traders can utilize smaller initial deposits to open positions and access leverage to increase their position size and profit depending on their trading pair of choice. 

The feature is available on both desktop and mobile allowing live trading and the ability to adjust position sizes to ensure that in case of a partial closing of a position, PNL (profit and loss) is calculated proportionally and traders can keep trades open by transferring more funds into their margin account.

Margin trading is also available on the following trading pairs allowing you to 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, 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, XTZ/BTC, XTZ/USDT, TON/BTC, TON/USDT and x3 leverage on XRP/EOS, TRX/EOS, XMR/EOS, LTC/EOS, DASH/EOS, XEM/EOS, NEO/EOS, TRX/ETH, XMR/ETH, DASH/ETH, XLM/ETH, ZEC/ETH, ADA/ETH, MKR/ETH.

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.

How to Eliminate the FOMO Factor and Automate Your Trading with Cryptohopper

Cryptohopper

Emotions are the main adversaries of successful crypto trading. FOMO gets in the way of rational thinking and pushes people to make wrong decisions like hesitating to sell in hopes the price rises higher. 

But what if it was possible to pre-configure buy and sell settings and trade without constantly checking the market data? Together with Cryptohopper, a leading trading bot and HitBTC’s partner, we’ve puzzled out the idea of using stolid bots to get a hold of one’s emotions.

Copy-Trading

User who are neither keen on constantly checking charts nor have the time to do so can profit off Cryptohopper’s Marketplace Signalers. The idea is to follow whatever other experienced traders are doing. The solution boasts over 55 professional traders a user can copy on HitBTC and manage their portfolio automatically.

For those who prefer to stay in control, the platform offers strategies, packages with market scanning algorithms. These strategies can be backtested and checked if they perform efficiently in the current market. User can activate packages built by Marketplace Sellers. These packages consist of technical indicators used to scan the markets looking for trends, momentum, volatility, and volume. 

Marketplace Sellers offer comprehensive set up guides explaining how to start using signals and strategies; and it’s recommended that beginners use a template. Most strategy makers have matching templates, pre-configured Hoppers that can be implemented straight away.

Sell Features

Apart from automated take profit and stop-loss features, there are other tools that can minimize traders’ losses or maximize their profits. For instance, trailing stop-loss helps continue to trail the price upward and sell when it drops a pre-configured percentage from its highest point. Alternatively, users can enable Trailing stop-buy to trail a buy signal downward and open a position when the price goes up by a pre-configured percentage from its lowest point. 

Moreover, Cryptohopper offers a Dollar Cost Averaging (DCA) feature that doubles down on a losing position to lower the average buy rate and get out of positions faster while breaking even, or making a profit. 

Strategy Designer

The platform also allows getting buy and sell signals coding-free by using trading strategy. RSI, EMA, Parabolic Sar, CCI, Hammer, and Hanged Man are among the most popular indicators and candle patterns. On top of that, Hopper continuously scans the markets in search for more opportunities.  

The Algorithm Intelligence (AI) Strategy Designer may fit the needs of those traders who want to elevate their performance. The AI analyzes numerous strategies in different trends and determines the best strategy for every trading pair. 

The Bottom Line

Keep in mind that trading bots neither guarantee profits nor eliminate the risks. For beginners, it is recommended to use trading signals from Marketplace Sellers and their setup guides to kick-start their trading activities. Moreover, it’s worth using a simulator to test features with simulated funds. 


HitBTC Token (HIT) Token Burn Update – October 2021

HIT Token Burn

In October we burned a total of 26,623,393 HIT tokens (about 9.9 million USDT). The overall supply of HIT has officially decreased from 2,000,000,000 HIT to 1,896,484,226.06 HIT as a result of this recent burn.

Transaction Link: https://etherscan.io/tx/0x2142d6554222a71c449d84b9a5306bc40dcc74ddacbcc7335d2c14734c6d3c72

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.

Perpetual Futures Trading is now live on HitBTC

Perpetual Futures

We are pleased to announce that Perpetual Futures contracts with up to 75x leverage are now live on HitBTC.

Now you can trade BTC, ETH, TRX, BCH, ADA, DOT, SOL, EOS, AAVE, MATIC, XLM, UNI, LTC, and HIT, our native utility token as perpetual futures.

These contracts are USDT-denominated and use isolated margins, meaning traders can add or remove assets that serve as collateral for a selected position, effectively altering the leverage of that position.

What are Perpetual Futures?

Perpetual Futures differ from traditional futures as they do not have an expiration date. This allows traders to hold a position for as long as they like. Besides that, Perpetual contracts help better manage risk, deploying small amounts of capital to hedge the market.

Like in margin trading, Futures trading also gives traders the option of leveraging funds to maximize profits with low initial investments. The maximum amount of leverage available on HitBTC for futures trading is 75x.

How to Start Trading?

To start trading Perpetual Futures contracts, follow these 4 easy steps:
1. Make sure you have 2-factor authentication enabled.
2. Add assets to your Derivatives Account.
3. Add margin.
4. Make your first trade.
The API instructions are available here. You may find the information about the Futures Trading fees here.

Please note that Futures trading carries a high level of risk, with the potential for both large profits and large losses. Please learn more about futures trading and margin trading on HitBTC.

If you have any questions please don’t hesitate to reach out to our support team who are happy to answer any questions you may have.

We are eternally grateful for the trust you have placed in us over the previous eight years. Our commitment, as it has been in the past, is to continue to provide dependable and secure services that exceed our clients’ expectations. It is our pleasure to welcome you to start trading Perpetual Futures contracts.

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.