Stoppage of Business

Score

0123456789.01234567890123456789
/10

HYPE

Italy

|

Stoppage of Business

5-10 years|

Suspicious Regulatory License|

High potential risk

https://www.hype.it/

Website

Rating Index
Influence

Influence

A

Influence Index NO.1

Italy 7.93

Better than 98.67% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
A

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
HYPE
Phone of the company
+39 02 82780 275
+39 02 82780 276
Company website
More
Customer Service Email Address
info@seltishub.it

WikiBit Risk Alerts

2
Previous Detection 2024-07-22

This Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

No data

User Reviews

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4 ratings

Participate in evaluation
kaiyo1988
The price volatility of HYPE is too high, making it difficult for people to invest with peace of mind. Moreover, the trading fees are also high, which is really a headache.
2024-06-09 05:35
7
FX1114988934
The security of HYPE is really disappointing. I have encountered the problem of changing the password of my account several times. Although I was hit hard, their customer service response is really as slow as a turtle.
2023-12-07 05:31
7
FX1654639567
HYPE's innovative approach is a game-changer! The user interface is super intuitive, making transactions a breeze. Plus, the community is supportive and engaging. Love it!
2024-06-10 08:56
3
John_Smith18
HYPE offers a cool user interface with ample liquidity. Top-notch security, finding trading an absolute breeze!
2024-01-20 07:35
6
Aspect Information
Company Name HYPE
Registered Country/Area Italy
Founded year 2018
Regulatory Authority No regulation
Cryptocurrencies offered Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), etc.
Maximum Leverage 1:100
Trading Platforms HYPE Web Trader, HYPE Mobile App
Deposit & Withdrawal Credit/Debit Card, Bank Transfer
Educational Resources Webinars, Video Tutorials, Ebook
Customer Support Email, Live Chat

Overview of HYPE

HYPE is a virtual currency exchange based in the Italy. The company was founded in 2018 and currently has no valid regulations. HYPE offers a range of cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, and Litecoin. With a maximum leverage of 1:100, traders have the opportunity to amplify their trading positions.

HYPE provides users with two trading platforms - HYPE Web Trader and the HYPE Mobile App, offering flexibility and convenience for trading on the go. The exchange supports convenient deposit and withdrawal methods, including credit/debit card and bank transfer.

In terms of educational resources, HYPE offers a variety of options for users to enhance their trading skills. This includes webinars, video tutorials, and an ebook. Additionally, HYPE provides reliable customer support through email and live chat channels.

Pros and Cons

pros & cons
Pros Cons
Range of cryptocurrencies available Lack of valid regulation
Multiple trading platforms Low leverage
Limited educational resources

Pros:

One of the key advantages of HYPE is the range of cryptocurrencies available for trading. The exchange offers Bitcoin, Ethereum, Ripple, and Litecoin, providing users with a diverse selection of digital assets to trade. This allows traders to take advantage of different market opportunities and diversify their portfolios.

Furthermore, HYPE offers a variety of trading platforms, including the HYPE Web Trader and the HYPE Mobile App. This flexibility allows users to access and manage their trading accounts from different devices, enhancing convenience and accessibility.

Cons:

One potential drawback of HYPE is its lack of valid regulations. which can raise concerns for some traders who prefer to trade on more established platforms.

Another limitation of HYPE is the maximum leverage offered. While a leverage of 1:100 can be advantageous for experienced and risk-tolerant traders, it may not meet the needs of those who prefer higher leverage ratios. Traders who require higher leverage options may need to consider alternative exchanges.

Additionally, HYPE's educational resources may not be as extensive as some other platforms. Although the exchange offers webinars, video tutorials, and an ebook, traders who place a significant emphasis on educational materials may find the offerings to be relatively limited.

Regulatory Authority

HYPE currently has no valid regulations in the Italy, which can carry certain disadvantages. Without regulatory oversight, there is a higher risk of fraudulent activities and scams. Traders can also face challenges in resolving disputes and protecting their funds in the event of any issues with the exchange. Additionally, unregulated exchanges lack the necessary security measures and safeguards, increasing the vulnerability of user data and funds.

To mitigate these risks, traders are advised to prioritize using regulated exchanges like HYPE. By choosing regulated platforms, traders can enjoy the benefits of legal protection, transparency, and accountability. It is recommended that traders conduct thorough research and due diligence before engaging with any exchange to ensure regulatory compliance and security.

Furthermore, it is important for traders to exercise caution when dealing with unregulated exchanges. They should be wary of platforms that make exaggerated claims or offer unrealistic returns. Traders should also consider diversifying their holdings across multiple regulated exchanges to spread risk and minimize potential losses.

Overall, engaging with regulated exchanges offers traders a higher level of security and protection, ensuring a safer and more reliable trading experience.

Security

HYPE prioritizes the security of its users and has implemented various protection measures. The exchange utilizes encryption technology to safeguard user data and transactions, enhancing the overall security of the platform. HYPE also implements strong password requirements and encourages users to enable two-factor authentication for an added layer of security.

In terms of user feedback, HYPE has received positive reviews regarding its security measures. Users have commended the exchange for its focus on protecting user funds and maintaining a secure trading environment. However, it is important to note that user experiences and perceptions may vary, and it is recommended for users to conduct their own research and consider multiple sources of feedback.

It is worth noting that no exchange is immune to security risks, and HYPE is not an exception. Users should remain vigilant and take precautionary measures such as using unique and strong passwords, regularly updating their account information, and being cautious of potential phishing attempts.

Overall, while HYPE has implemented security measures to protect user accounts and transactions, it is crucial for users to stay proactive and follow best practices to ensure their own security when engaging with any virtual currency exchange.

Cryptocurrencies available

HYPE offers a range of cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies are known for their popularity and market demand. It is important to note that cryptocurrency prices are highly volatile and can fluctuate significantly on exchanges. Prices are influenced by factors such as market demand, investor sentiment, and regulatory developments.

Cryptocurrencies available

Traders on HYPE can take advantage of these price fluctuations to potentially profit from their trades. However, it is important to exercise caution and conduct thorough analysis before making any trading decisions, as the cryptocurrency market can be highly unpredictable.

How to open an account?

The registration process of HYPE can be completed in six simple steps:

1. Visit the HYPE website and click on the “Sign Up” button to begin the registration process.

2. Fill in your personal information, including your name, email address, and password. Make sure to choose a strong and secure password for your account.

3. Verify your email address by clicking on the verification link sent to your registered email.

4. Provide additional details, such as your date of birth and phone number, to complete the account verification process.

5. Review and accept the terms of service and privacy policy.

6. Once your account is successfully created and verified, you can proceed to deposit funds and start trading on the platform.

Fees

  • Spot trading: HYPE charges a maker-taker fee model for spot trading. The maker fee is 0%, while the taker fee is 0.1%.

  • Margin trading: HYPE does not offer margin trading.

  • Deposit fees: HYPE does not charge any deposit fees for cryptocurrencies. However, there may be fees charged by your cryptocurrency exchange or payment processor.

  • Withdrawal fees: HYPE charges a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals.

    Service Fee
    Spot trading Maker fee: 0%; Taker fee: 0.1%
    Margin trading Not available
    Deposit fees No fees for cryptocurrencies
    Withdrawal fees 0.0005 BTC for Bitcoin withdrawals

Deposit & Withdrawal

HYPE provides several deposit and withdrawal methods for users. These methods include bank transfers, credit/debit card payments, and cryptocurrency transfers. The specific deposit and withdrawal methods available and their processing times can be found on the HYPE platform.

The processing time for deposits and withdrawals can vary depending on the chosen payment method and the volume of transactions. Bank transfers and credit/debit card payments take a few business days to process, while cryptocurrency transfers typically have faster processing times.

It is important for users to review and understand the deposit and withdrawal methods and their associated processing times on the HYPE platform before initiating any transactions.

Educational Resources

HYPE offers a range of educational resources and tools to assist traders in their trading journey. These resources include trading guides, video tutorials, and webinars. Traders can access these materials to gain insights into various trading strategies and enhance their understanding of the cryptocurrency market.

Additionally, HYPE has community support and communication platforms, such as forums or social media groups, where traders can interact with each other and share their experiences and knowledge. These platforms can provide a valuable source of information and allow traders to stay updated on market trends and developments.

It is important to note that the extent and availability of these educational resources and community platforms can be vary. Traders are encouraged to explore the HYPE platform and its offerings to determine the specific resources and tools available to them.

Is HYPE a Good Exchange for You?

HYPE is suitable for various trading groups based on its features and offerings. Here are some potential target groups and corresponding recommendations:

1. Beginner traders: HYPE's educational resources, such as trading guides and video tutorials, can be beneficial for beginner traders who are new to the cryptocurrency market. These resources can help them understand the basics of trading and develop their trading strategies. It is recommended for beginner traders to start with small investments and practice caution while gaining experience.

2. Experienced traders: Experienced traders who are familiar with the cryptocurrency market appreciate HYPE's multiple trading platforms and range of cryptocurrencies available. These traders can take advantage of the volatility in the cryptocurrency market and potentially profit from their trading activities. The tiered fee structure of HYPE, where higher trading volumes result in lower fees, may also be advantageous for experienced traders.

3. Risk-averse traders: Traders who prioritize regulatory compliance and security find HYPE appealing. Additionally, HYPE's security measures, such as encryption technology and strong password requirements, give risk-averse traders peace of mind.

4. Traders seeking community support: HYPE's potential community support and communication platforms, such as forums or social media groups, can be beneficial for traders who want to interact with like-minded individuals and share insights and experiences. These platforms can provide additional learning opportunities and keep traders updated on market trends and developments.

It is worth noting that the suitability of HYPE for these target groups can be vary based on individual preferences and trading goals. Traders are advised to thoroughly research and evaluate HYPE's features and offerings to determine if it aligns with their specific trading needs.

User satisfaction

User satisfaction with HYPE varies and can depend on different factors, including the user's experience of the exchange's access speed, fees, trading platform usability, and the overall experience of trading cryptocurrencies. Some users have positive experiences with HYPE, finding the exchange's access speed to be satisfactory and the trading platform easy to use. These users also appreciate the tiered fee structure, which can result in lower fees for higher trading volumes.

On the other hand, there are some users who have encountered challenges or have not been completely satisfied with HYPE. Some users have experienced slower access speeds during peak trading periods, which could potentially impact their trading experience. Additionally, while the tiered fee structure can be advantageous for some traders, others find the fee percentages to be higher compared to other exchanges.

The overall experience of trading cryptocurrencies on HYPE can also vary. Some users find the process to be smooth and efficient, allowing them to execute trades effectively. However, other users encounter difficulties or face technical issues during the trading process, which can lead to frustration.

It is important to consider that user satisfaction can be subjective, and individual experiences may vary. It is recommended for users to conduct their own research, seek multiple sources of feedback, and consider their own trading needs and preferences when evaluating the user satisfaction level of any virtual currency exchange.

Conclusion

In conclusion, HYPE offers a range of cryptocurrencies for trading and provides various resources and tools to enhance the trading experience. The tiered fee structure, where higher trading volumes result in lower fees, can be advantageous for some traders. Additionally, HYPE's potential community support and communication platforms can be beneficial for those seeking to interact with other traders. However, user experiences with HYPE vary, and challenges such as slower access speeds during peak trading periods or higher fee percentages compared to other exchanges have been reported. Traders are advised to carefully evaluate HYPE's offerings and conduct their own research to determine if it aligns with their specific trading needs.

Frequently Asked Questions (FAQs)

FAQFrequently Asked Questions (FAQs)

Q: How can I deposit funds into my HYPE account?

A: Users can deposit funds into their HYPE account using various methods, including bank transfers, credit/debit card payments, and cryptocurrency transfers.

Q: What is the fee structure of HYPE?

A: HYPE charges a maker-taker fee model for spot trading. The maker fee is 0%, while the taker fee is 0.1%.

Q: Can I access educational resources and tools on HYPE?

A: Yes, HYPE offers educational resources such as trading guides, video tutorials, and webinars to assist traders in their trading journey.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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