How does it work? HitBTC Official Blog

USDT explained

Several months ago we have introduced USDT currency, enabling its deposits and withdrawals. Fast forward to today, and USDT is firmly settled in HitBTC’s top 5 trading assets list. USDT pairs are highly popular and demanded among traders worldwide, and major crypto parties are showing massive support as well. Here follows the invention of USDT summarised and explained.

USDT is a cryptocurrency asset based on the Bitcoin blockchain. Presented by Tether project, USDT units are backed up by US Dollars, held by Tether. One USDT unit roughly equals 1 USD. The amount of USDT in circulation can be checked via The corresponding amount of USD reserves is proved by Tether bank balance info being published.

USDT combines fiat and crypto advantages. It’s safe and transparent. The bottom line is that USDT holders have price-stable crypto asset for national currency, which operates on the oldest and most secure blockchain.

With Tether on arms you are provided with an extra entry point for fiat trading on HitBTC. Account verification is not required – USDT deposits and withdrawals are performed same as with any other cryptocurrency.

Along with other popular crypto market players HitBTC is at the forefront, building up USDT support. The possibility of using fiat currencies on the blockchain is being brought to life and is highly appreciated by crypto community.

HitBTC continues to strive to provide you with more possibilities for fiat trading. At the moment we are negotiating with financial institutions, aiming to provide you with more exciting features. Stay tuned for further updates and be the first to experience options like instant credit card payments and much more.

How to invite friends on HitBTC and get a reward?

You can invite friends to join trading on HitBTC via your own custom links and get up to 75% reward from their trading fees. The more users you engage, the more profit you gain.

How to invite users

Step 1. Generate unique links. Via these links HitBTC will recognise users as referral ones. Thus we could track your earnings thereafter.

Step 2. For the sake of convenience rename links in accordance to your marketing channels to track their efficiency afterwards.

Step 3. Copy link, share it directly to the Social media or send via email.

Step 4. Track engaged users’ activity such as turnover and trades, and your personal affiliate program earnings. Turnover tab shows you the total BTC or USD turnover of users who completed their buy/sell orders. Check user’s activity information on Users Statistics tab.

Withdraw your earnings as they reach 0.01 BTC, and check out your Main account balance.

Please note that we manually approve every withdrawal which exceeds 0.05 BTC. You cannot withdraw more than 0.1 BTC at a time.

Tips &, tricks to succeed in HitBTC Affiliate program

To make your Affiliate program experience even better, we suggest keeping in mind the following:

  • Use different links for different social media posts and time of posting. Thus you can better understand your audience’s engagement and find out the perfect time for efficient communication.
  • Always seek new ways to deliver unique content to your audience. For example, write a review of your own HitBTC experience, engage readers to join trading and share their own reviews.
  • Shoot a video showing how to trade on HitBTC exchange and call your audience to click the referral link.
  • Add your referral links to your comments on forums and social media
  • Track your records at Users Statistics table and choose better way to increase your earnings.

We will be pleased if you share your Affiliate program success stories with us. Send your story to and we will publish the best ones in our blog.


An ICO (Initial Coin Offering) is a new crowdsale concept in the cryptocurrency and Blockchain industries.

It’s important to understand, what is special about them, what is the difference between ICO and other coins.

Initial Coin Offering

  • ICO is a form of crowdfunding, used by startups. Imagine a team of developers who are working on a new promising project. They might need to raise money from public, so they create their own cryptocurrency. Those who want to support the project, would buy the rights of token possession during the initial crowdsale phase. As a result, the project gets the capital to fund development, and the audience members get their tokens’ shares.
  • What is an IOU?

It’s very important to understand that during the initial phase new coins don’t exist yet, people are buying IOU (“i owe you”) – not the coins themselves, but the obligations. As soon as fundraising phase is over, IOUs are being transformed into usual tokens.

How can I deposit ICO coins or sell them?

ICO coins basically don’t exist until the issue date. There’s no blockchain for them. That’s why it’s not possible to perform transactions, send coins somewhere – for example, deposit your HitBTC account with them.

Until the moment the tokens are released, only verified market makers and ICO communities, who chose our site for primary placement, are able to deposit ICO to HitBTC.

What exactly does HitBTC provide then?

Check out the “ICO” tab in the “Instruments” section on our exchange . You are able to buy IOU directly from us and store them on your HitBTC account. As soon as tokens are released, you’ll be able to trade, deposit/withdraw them – it’s exactly the same deal as with every other coin.

Why it’s convenient to participate in ICO on HitBTC?

You don’t need to spend time looking for new promising ICOs and figuring out how to join them – the most interesting tools are already here. You don’t even need to leave HitBTC – our familiar interfaces are here for you, participating in ICO feels exactly the same as buying any other coin.

As tokens are released, you are the first to trade them right here, on HitBTC, which also is great.

There’s a whole set of ICO coins listed on HitBTC. SNM , CVC , SNT , BNT and a lot more, and there will be more!

The next post in our blog we will tell you about new ICO projects!

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One easy step to list your own coin on HitBTC

It’s always been convenient and simple to trade on HitBTC, since we provide powerful tools, intelligent software and cutting-edge technologies.

And we are proud to tell you that trading your very own coins, creating a new trading instrument has also became simple.

How does one perform this? At first, obviously, it’s necessary to create the coin itself. It has to be an Ethereum-based token, compatible with ERC20 standard. Describe your project on its own website, introduce it to the world and to the HitBTC, by filling out this appliance form.

And that’s it. Within several days after applying your coin most likely will be listed on HitBTC, available for trading, deposit, withdrawal, waiting to be discussed and demanded – if you manage to provide fellow traders with an promising instrument!

Blockchain – Three Terrific Uses

You probably all know and understand Bitcoin, currently the most popular cryptocurrency. What makes Bitcoin and other cryptocurrencies great are their superfast transfer times and very low fees. The coin side of Bitcoin is not that difficult to grasp for even a newbie – think of it as digital cash if you like. If email is the digital letter then Bitcoin is the online and digital equivalent of money. You can purchase goods with Bitcoin. Send money easily to almost any part of the world. On top of this you can make nice profits trading Bitcoin on an exchange thanks to its volatility. Continue reading &rarr,

Trading Jargon: The Basic Glossary for the Newbie Trader

So, you want to start trading Bitcoin on an exchange ? You think you know what you’re doing, but what the hell do all these new words mean?! Let’s dive in and learn more. Continue reading &rarr,

The Phishing Scam – How to Avoid it ?

There are a lot of scams going on. Many scammers use well known brands to trick people into giving out their details. Various offers of free cash and games on facebook with unbelievably good prizes. The world of Bitcoin is still very young so it’s a good idea to use a reputable exchange. Even when you are make sure it is not someone portraying to be them. Some scams can be hard to detect. Although there are many other scumbag ways of maliciously obtaining unsuspecting customers’ details, we’ll have a look at one of the most common scams out there. This scam can also affect a respected business’ reputation. This is the phishing scam. Continue reading &rarr,

How to Mine Bitcoin and Why You Shouldn’t

I get a lot of questions asking about mining Bitcoin. Everyone’s heard the story of some young kids who mined a huge amount of Bitcoins at its starting days and then were made millionaires overnight when the price hit the roof. Can you still profit like that from mining Bitcoin ? Let’s have a look. Continue reading &rarr,

Primary Crypto-trading Tools on HitBTC Exchange

Trading Bitcoin and Altcoins isn’t easy. To let you concentrate on the most important thing – decision-making – we’ve got lot of helpful tools and indicators on our platform. If you are already a master trader then this article is probably not for you. So don’t get sad if we are blatantly stating the obvious. All new traders who want a bit of help – I will explain the little tricks and gadgets we’ve added to help you make better decisions when trading. Also I will walk you through how to place your trades and explain trading jargon a bit.

Altcoins – what are they?

Altcoins – a brief introduction

Altcoins are alternatives to Bitcoin so any other cryptocurrency would be classed as an altcoin. The list of different altcoins is growing rapidly. You can make so many different currencies based on blockchain and that is really a great thing. Different altcoins can serve different purposes and solve different problems.

Related video: How to Get Higher Deposit Limits for Your Exchange

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