I have heard about this exchange many but still not understand what is the security level for the trader. As, In Bittrex also there is no full security for the currency. If any hacking or any theft will the HitBtc be responsible. Could we get our coin back?
Hi there! We'll be happy to tell you more about it.
We provide our traders with a whole set of security tools. You can enable 2-step protection for logging in, withdrawing funds, changing your account settings. Separately or combined. You are receiving security notifications via email as soon as there's a new IP address in your session history. And it's impossible to withdraw money from your account without passing email verification first, for each and every withdrawal.
To sum it up:
It's safe to trade on HitBTC.But now let's imagine a trader, say, Josh. Josh uses the same password for his email and for his account on the exchange. He won't change it for ages. Also this password looks like
josh1989 or so. He won't enable 2FA and won't pay attention to our proper red notification. Josh is in a risk group. We are not able to force him to use our security tools, if he doesn't want to.
To sum it up:
A share of your effort is required for staying secure. But it's easy.Blockchain transactions are not reversible. It's not possible to cancel the unauthorised transaction and return coins to sender.
That's why it's important to keep an eye on your account security.
