How to Buy Bitcoin on HitBTC: A Step-by-Step Guide
Bitcoin is the most popular cryptocurrency in the world, with a market capitalization of over $1 trillion. If you want to buy some bitcoins, you need a platform that allows you to trade them with other cryptocurrencies or fiat currencies. One of the platforms that offers this service is HitBTC, a global crypto exchange that supports over 800 trading pairs.
In this article, we will show you how to buy bitcoin on HitBTC in a few simple steps.
Step 1: Create an account on HitBTC
After you submit your registration form, you will receive a confirmation email with a link to activate your account. Click on the link and you will be redirected to the HitBTC dashboard.
Step 2: Verify your identity and enable 2-factor authentication
Before you can start trading on HitBTC, you need to verify your identity and enable 2-factor authentication (2FA) for security reasons. To verify your identity, you need to go to the “Account” tab and click on the “Verification” button. You will be asked to provide some personal information, such as your name, date of birth, country of residence, and phone number. You will also need to upload a photo of your ID document (passport, driver’s license, or national ID card) and a selfie with it.
To enable 2FA, you need to go to the “Security” tab and click on the “Enable” button under the “Two-factor authentication” section. You will need to download an authenticator app on your smartphone, such as Google Authenticator or Authy. You will then scan a QR code with the app and enter a code that it generates. This will add an extra layer of security to your account, as you will need to enter a code from the app every time you log in or make a withdrawal.
Step 3: Deposit funds to your HitBTC account
Now that you have verified your identity and enabled 2FA, you can deposit funds to your HitBTC account. You can do this by going to the “Account” tab and clicking on the “Deposit” button. You will see a list of supported currencies that you can deposit, such as USDT, ETH, BTC, or USD. Choose the currency that you want to deposit and click on the “Deposit” button next to it.
You will then see a deposit address and a QR code that you can use to send funds from your external wallet or exchange. Make sure that you send the correct amount and type of currency to the correct address, as any mistake could result in the loss of your funds. Also, note that some currencies may require a network fee or a minimum deposit amount.
After you send your funds, you can check their status by going to the “Reports” tab and clicking on the “Deposit history” button. It may take some time for your funds to appear in your HitBTC account, depending on the network congestion and confirmation speed.
Step 4: Buy bitcoin on HitBTC
Once you have deposited funds to your HitBTC account, you can buy bitcoin on HitBTC. You can do this by going to the “Exchange” tab and selecting the trading pair that matches your deposit currency and bitcoin. For example, if you deposited USDT, you can choose the USDT/BTC pair.
You will then see a trading interface with a chart, an order book, and an order form. You can use the chart to analyze the price movements of bitcoin and the order book to see the current bids and asks in the market. You can also use various tools and indicators to help you make trading decisions.
To buy bitcoin on HitBTC, you need to use the order form at the bottom right corner. You can choose between two types of orders: market and limit. A market order is executed immediately at the best available price in the market. A limit order is executed only when the price reaches a certain level that you specify.