How to do your HitBTC taxes
What is HitBTC?
HitBTC is a popular crypto exchange founded in 2013 with more than 500 cryptocurrencies and 800 trading pairs available, as well as futures, staking, and an OTC offering.
Follow these steps to sync your HitBTC data automatically to Koinly:
- Log in to HitBTC.
- Select the settings cog icon in the top right corner.
- Select the API keys tab.
- Select new API key.
- Copy your API key and secret and paste into the fields in Koinly.
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find HitBTC in the list
- Select API > Paste the API keys you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
You will need to grant the Payment information permission after generating the API keys.
This API does not provide any trades for delisted pairs. These trades will need to be added manually or using CSV files
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
Where is HitBTC based?
HitBTC has offices around the world including in Hong Kong and Chile.
Is HitBTC safe?
Wondering if HitBTC is legit? Despite being an old-timer having been founded in 2013, HitBTC has not suffered any notable hacks or compromises since it launched. The exchange also offers good account security features like 2FA, pin, and touch ID. All this said, you should always follow best security practices and store any crypto you're not actively trading or investing in a secure cold wallet.
Your frequently asked questions
What are the HitBTC fees?
HitBTC uses a tiered maker/taker trading fee structure for both spot and futures trades. Fees vary between -0.02% to 0.25% depending on your 30-day trading volume. HIT token holders also receive a discount. See all HitBTC trading fees.
Is HitBTC available in the US?
No. You cannot use HitBTC if you're in the US. If you have an unverified HitBTC account, trading functions may be disabled should KYC reveal a user is in the US.
Does HitBTC have an API?
Yes. HitBTC has a REST & Streaming API. It makes the platform very appealing for automated day traders looking to use bots.
Does HitBTC have a trading bot?
Yes. HitBTC has a customizable trading bot that can use DCA or grid strategies, or you can use API to connect your trading bot to HitBTC.
What's the best trading bot for HitBTC?
The best trading bot for HitBTC depends on your technical knowledge and unique investment strategy. To learn more about crypto trading bots, check out our best trading bots guide for expert tips.
Where can I find a HitBTC review?
Looking for HitBTC reviews? You should use a variety of sources to get a complete picture of HitBTC for users, including community-driven platforms like Reddit, news sites, exchange aggregators like CoinMarketCap, and review sites like Trustpilot. At the time of writing, HitBTC has a 1.6 star Trustpilot score and a very new subreddit, while CoinMarketCap reveals the platform has very high daily spot trading volumes.
