There are hundreds of cryptocurrency platforms, brokers, and trading platforms, not all of which have a good reputation in the industry.

HitBTC is one of the platforms that has received a lot of feedback and complaints.

Although the company provides services that appear to be legitimate, clients often complain about them.

The latest round of complaints revolve around KYC procedures affecting some users.

It is unclear where this negative reaction is coming from, as almost all cryptocurrency exchanges currently verify the identities of users, as they are legally obligated to do so, regardless of who the user is, and when they use the platform.

However, the “randomness” associated with how HitBTC conducts these tests has angered a good number of users.

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There are also regular complaints about high withdrawal fees for some couples.

Considering all the negative comments, anyone worried about using the platform has plenty of alternatives at their disposal to turn to.

Centralized platforms are also known as the ones who control the private keys of the currencies of their users, meaning that users’ funds are in the hands of the platform, which makes security threats constant.

It seems unlikely that HitBTC will be able to regain its reputation any time soon.

However, although there are a number of people complaining about the platform, there are those who use it without any complaints.

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In spite of all this, we advise in turn, especially for beginners, to stay away from such platforms that are not trusted with evil.

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