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HitBC exchange at https://hitbtc.com is a famous Hong Kong exchange with a relatively high volume of transactions. The user interface of this exchange has simplified access to all sections.
This exchange was founded by a person named Dave Merrill in Hong Kong, but it also has branches in other countries. On the date of writing this article, in the last 24 hours, the volume of transactions in this exchange was over 5 billion dollars, and it received a score of 4.4 with a rank of 76 from the Coin Market Cap site.
This exchange has two modes, simple and advanced, which will provide you with better facilities. Also, this exchange has a dedicated token to reduce transaction fees, which is called HIT.
The most important features of the Hit BTC exchange
You can authenticate as an Iranian user in the HitBTC exchange (HITBTC) and operate officially. But we recommend not to reveal your identity and use IP changing software. Never keep your digital currency in the exchange and transfer it to your wallet after purchase.
Opportunity to use margin and futures markets
Support for a large number of coins and 210 tokens
Existence of OTC trading system
Disadvantages
Lack of information about Hit BTC exchange staff
Low withdrawal limit without authentication (under several thousand dollars)
Does Hit BTC exchange require authentication when withdrawing from the account?
No, you can buy, sell and withdraw without any restrictions with your Iranian identity in this exchange.
Bybit Exchange – (5th rank of exchanges suitable for Iranians)
The Bybit exchange with the address bybit.com is one of the best alternatives to Binance for Iranians. According to the exchange itself, in the last 24 hours, about 6,999,112,627 dollars of financial transactions have been made in this exchange. Of course, this exchange does not serve American users like many exchanges, but it accepts Iranian users! And this is a bit controversial. You can do derivatives up to 100 times your capital in this exchange. So Buy Bit is one of the main options for futures and margin.
We recommend that you watch the free 0 to 100 ByBit exchange training before starting trading.
No, you cannot authenticate as an Iranian user in the bybit exchange and operate officially. If you enter this site with an Iranian IP address, you will encounter the following error message, which means that Iran has been sanctioned.
Your IP address indicates that you are located in one of Bybit’s restricted countries or regions. But if you don’t authenticate, you can use it by changing the IP. Never keep your digital currency in the exchange and be sure to transfer it to your wallet after buying.
Advantages
No authentication required
Having a test net and experimental space
Futures and margin markets with 100 leverage
Buroz Educational Academy Department
Disadvantages
Unreal price in some futures transactions
Does Baybit Exchange ask for authentication when withdrawing from the account?
No, you can buy, sell and withdraw without any restrictions with your Iranian identity in this exchange.
Is Baybit exchange better or Kocoin?
Do not forget that despite the strictness of Kocoin exchange, Kocoin exchange is the 5th exchange in the world according to the reliable site Coin Market Cap. The extraordinary money circulation and liquidity in this exchange makes it more liquid, so you can confidently choose Kocoin between Kocoin and Baybit.
Hotbit exchange – (6th rank of exchanges suitable for Iranians)
Hotbit exchange with the address hotbit.io is one of the other Chinese exchanges that claims to use offline hardware wallets and has relatively high security. Charts and price charts of currencies on this site can be used well and it fully supports more than 2400 currencies. Also, the rank of Hotbit exchange in Coin Market Cap is 83, which is among the top 100 exchanges in the world. The ability of futures and margin is available for Iranian users up to leverages. Hotbit online support gives you the answer in the real sense and there is no need to worry about it.
You cannot authenticate as an Iranian user in the hotbit exchange and operate officially. But you can start your activity without authentication at low levelsLook and buy and sell. For this, be sure to use VPS. Never keep your digital currency in the exchange and transfer it to your wallet after purchase. There have been no reports of Iranian users’ accounts being blocked in the Hotbit exchange yet.
Advantages
Support for a very high number of currencies (2400)
Keeping exchange assets in offline wallets
Disadvantages
The site is slow at times
The site gives errors in some hours of the day and night
Does Hotbit exchange require authentication when withdrawing from the account?
Although we have not had any reports of Iranian accounts being blocked in Hotbit, but to be careful, do not deposit large amounts in this exchange and always transfer your assets to your wallet.
