HitBTC Review: Altcoin Exchange With Inactivity Fee Warning

Share IT

โš ๏ธ CAUTION โ€” SIGNIFICANT USER COMPLAINTS. HitBTC introduced $10โ€“$50/month “inactivity fees” in 2021 without properly notifying users, effectively draining dormant accounts. Multiple G2 reviews allege the exchange refuses to cooperate with law enforcement. NOT available in US, Canada, or UK. Not regulated by major financial authorities.

โš ๏ธ Affiliate Disclosure: CoinCodeCap may earn a commission through links on this page. Read our full disclosure.

HitBTC is a centralized crypto exchange founded in 2013 and based in Hong Kong (HIT Solutions Ltd). One of the widest altcoin selections in the industry โ€” 800+ cryptocurrencies, 1,500+ trading pairs. Spot, margin, and perpetual futures (up to 100x leverage) trading. Maker fee 0.09%, taker 0.20% at base tier. Demo account available. Robot-friendly API.

๐Ÿ“Š FeatureDetails
โญ Rating2.8 / 5 (caution advised)
Founded2013 (Hong Kong) โ€” one of the oldest crypto exchanges
Supported Assets800+ cryptocurrencies, 1,500+ trading pairs
Maker Fee0.09% (base, drops with volume)
Taker Fee0.20% (base, drops with volume)
Futuresโœ… Perpetual contracts, up to 100x leverage
Regulationโš ๏ธ Not regulated by major financial authorities
Inactivity Feeโš ๏ธ $10โ€“$50/month โ€” drains dormant accounts
Availability๐Ÿšซ NOT available in US, Canada, or UK
Security Incident2021 โ€” 40M DVPN tokens stolen from user wallets
Demo Accountโœ… Available for practice trading
CoinMarketCap Rank#101 (as of 2025)
๐Ÿ‘‰ Visit HitBTC โ€” Verify Availability in Your Country First โ†’

Key Takeaways โ€” What You Must Know Before Using HitBTC

  • Inactivity fees are HitBTC’s biggest red flag. The exchange introduced $10โ€“$50/month inactivity fees in 2021 without proactively notifying users, resulting in dormant accounts being drained. If you hold any assets on HitBTC and haven’t traded recently, log in immediately and check your balance. If you’re not actively trading on HitBTC, withdraw your funds.
  • Limited regulation โ€” HitBTC is not licensed by major financial authorities (FCA, NYDFS, MiCA). This means limited recourse if funds are disputed. Multiple users on G2 allege the exchange refused to cooperate with law enforcement inquiries. Not available in US, Canada, or UK specifically for this reason.
  • Wide altcoin selection is the main draw โ€” 800+ cryptocurrencies and 1,500+ trading pairs make HitBTC attractive for traders seeking obscure altcoins not listed on Binance or Coinbase. A demo account lets you practice before committing real funds.
  • For altcoin trading with better regulatory standing and user trust, KuCoin (1,000+ coins, FIU-IND registered) and Gate.io (1,700+ coins) are safer alternatives with comparable asset breadth.

โšก Bottom Line: HitBTC is technically operational with a massive altcoin selection, but its inactivity fee policy, lack of major regulatory registration, and repeated user complaints make it a high-risk choice. Only use HitBTC if you need a specific altcoin unavailable elsewhere โ€” and never leave funds idle. For broad altcoin access with much better user trust, use KuCoin or Gate.io instead.

โš ๏ธ Risk Disclaimer: HitBTC is not available in US, Canada, or UK. Inactivity fees can drain dormant accounts. Not regulated by major financial authorities. This is not financial advice.

Share IT
Gaurav
Gaurav

Get Daily Updates

Crypto News, NFTs and Market Updates

Can’t find what you’re looking for? Type below and hit enter!