The practice of paying money to send funds to an exchange is standard throughout the world. A fee is usually charged on transactions to withdraw money from the exchange. When trading on platforms, you often have to pay extra to both the order creator and its recipient. The only difference is the price of the issue.
The HitBTC cryptocurrency exchange is a platform created in 2013 by Estonian specialists and Israeli entrepreneurs that allows you to trade more than 300 cryptocurrency pairs. The HitBTC exchange is a platform where the most traded cryptocurrency is Bitcoin Cash, with more than 40% of BCH trades passing through it.
The fee is currently 0.0003 Bitcoin, and it is unclear whether it will be fixed or will change depending on the price of the cryptocurrency. At the current rate, this amounts to $4 for every deposit that is created on HitBTC. This decision seems controversial, and one can only hope that other exchanges trading cryptocurrencies will not adopt it.
If other platforms begin to use this practice, placing cryptocurrencies on exchanges will become an expensive pleasure. For example, the fee for miners on HitBTC for sending $50 in Bitcoin will now cost $14.
While HitBTC says it is committed to ensuring the “stability of all processes associated with the main cryptocurrency,” it is likely to experience customer churn.
Unfortunately, there are alarming reports that users have been unable to withdraw funds from HitBTC for more than ten days. At the same time, some are confident that their money may be stolen and that the exchange itself is involved, although there is no direct evidence of this. One of the users also tracked the transfer of 15 million XRP from HitBTC to the Poloniex exchange. He claims that we are talking about the entire stock of this cryptocurrency on the exchange.
We add that the HitBTC cryptocurrency exchange has mixed reviews among users on the Internet. On some resources, you can find reviews that users cannot withdraw funds from it, on the second, that users are simply delighted with the opportunities provided to them by the HitBTC exchange.
According to https://coinspot.io
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