Most crypto exchanges let you buy Bitcoin with a credit card. Hibt doesn’t. Not even a little. If you’re looking for a platform where you can deposit USD, EUR, or CAD directly, you’ll need to look elsewhere. Hibt is built for users who already own crypto and want to trade it-hardcore, no-frills, and with serious security. That’s not a flaw. It’s a design choice. And for some traders, especially those outside the U.S. and other restricted regions, it’s exactly what they need.
Who Is Hibt For?
Hibt isn’t trying to be the next Coinbase. It doesn’t aim to onboard beginners with easy fiat ramps or educational content. It’s a professional-grade exchange for active traders who already have crypto in their wallets and want to move it fast, cheap, and safely. The platform launched in 2021 in Oshawa, Canada, and since then, it’s grown to over 3 million users globally. That’s not tiny. But it’s also not Binance-level big. The key difference? Hibt is MSB-licensed in Canada. That means it follows strict anti-money laundering rules, keeps records, and reports suspicious activity. Not every exchange does that. Many don’t even try. If you’re in the U.S., China, Iran, Venezuela, or 25 other blocked countries, you can’t use Hibt. Period. That’s a dealbreaker for many. But if you’re in Canada, Australia, parts of Europe, or Southeast Asia, and you already hold crypto, Hibt opens up a world of trading options without the noise.Trading Pairs and Fees
As of October 2025, Hibt offers 700+ trading pairs. That’s more than most mid-tier exchanges. You’ll find the usual suspects-BTC, ETH, SOL, XRP-but also dozens of smaller altcoins that bigger exchanges ignore. If you’re into early-stage tokens or niche DeFi projects, Hibt gives you more room to explore. Fees are where Hibt really stands out. Spot trading? 0.2% for both makers and takers. Futures trading? Just 0.05%. That’s lower than Kraken, Binance, and Bybit on futures. And it’s not a gimmick-it’s the standard rate for everyone. There’s a 10-level VIP system based on trading volume, so if you’re moving large amounts, you can drop your fees even further. For active traders, that adds up fast. Minimum trade size on futures is 5 units of the base asset. So if you’re trading BTC futures, you need at least 0.00005 BTC (depending on price). That’s low enough for most traders. Leverage goes up to 1:125. High? Yes. Dangerous? Also yes. But that’s the trade-off for advanced traders who know what they’re doing.No Fiat Deposits-Here’s How to Work Around It
This is the biggest hurdle. Hibt doesn’t accept bank transfers, credit cards, or PayPal. You can’t buy crypto on Hibt. You can only trade it. So you need to get your crypto from somewhere else first-like a fiat-friendly exchange, a peer-to-peer platform, or even a Bitcoin ATM. Here’s how real users do it:- Buy BTC or USDT on a platform like Kraken, Bitstamp, or a local P2P service.
- Withdraw it to your Hibt wallet address.
- Start trading.
Security: Cold Storage, 2FA, and No Compromises
Hibt takes security seriously. 90% of user funds are stored in multi-signature cold wallets. That means the keys are split across multiple offline devices, and no single person can access them. Even if someone hacks the exchange’s online servers, they can’t touch most of the money. Every account requires Two-Factor Authentication (2FA). Hibt doesn’t allow SMS-based 2FA-only authenticator apps like Google Authenticator or Authy. That’s a good sign. SMS is easy to hijack. In January 2025, Hibt rolled out its Security Upgrade Package. Details aren’t public, but it included enhanced encryption, improved intrusion detection, and stricter access controls. That’s rare. Most exchanges just say “we’re secure” and don’t update anything for years. They also warn users: don’t trade on jailbroken phones. Don’t use public Wi-Fi. Don’t share your private keys. These aren’t just disclaimers-they’re repeated in their support docs. That shows they understand the real risks. One thing to remember: crypto transactions are irreversible. If you send ETH to the wrong address, it’s gone forever. Hibt doesn’t refund mistakes. You’re responsible for your own wallet addresses.Customer Support and Mobile App
Hibt offers 24/7 support via live chat, email, and Telegram. No phone number, no ticket system. That’s fine if you’re used to crypto support. Response times aren’t published, but user reports suggest replies come within 15-60 minutes during peak hours. No mobile app. That’s a big miss. If you’re trading on the go, you’re stuck with the web version. It’s responsive, but not the same as a native app with push notifications, one-tap trades, or biometric login. For serious traders, this might not matter. For casual users, it’s a dealbreaker.Regulation and KYC: The Good and the Annoying
Hibt requires full KYC. You need to upload a government ID and a selfie. They verify your address too. It’s not optional. And yes, it’s a pain. But here’s why it matters: because they’re MSB-licensed, they’re legally required to do it. That’s not a loophole-it’s compliance. The upside? Your funds are protected under Canadian financial regulations. If something goes wrong, there’s a regulatory body watching. That’s more than you can say for most offshore exchanges. The downside? If you don’t have a fixed address, or your ID is from a country with poor documentation systems, you might get rejected. Hibt doesn’t make exceptions. It’s strict, but fair.
What Hibt Doesn’t Offer
Hibt isn’t trying to be everything. So here’s what’s missing:- No fiat deposits or withdrawals
- No mobile app
- No mining pool
- No market maker program
- No staking or savings accounts
- No NFT marketplace
Community and Reputation
You won’t find many Reddit threads about Hibt. No big YouTube reviews. Few Trustpilot ratings. That’s not because it’s a scam-it’s because it’s not marketed to the masses. It’s a niche tool for experienced traders who don’t need hype. The few public reviews (like the one from TradingFinder in October 2025) are mostly positive. Users praise the low fees, fast execution, and security. The complaints? Mostly about the geo-blocks and lack of fiat. If you’re looking for a quiet, reliable, no-nonsense exchange with real regulation and solid security, Hibt fits. If you want a platform with a million memes and influencer endorsements, you’re in the wrong place.Final Verdict: Who Should Use Hibt?
Hibt Crypto Exchange is not for everyone. But it’s perfect for a specific group:- You already own crypto and want to trade it aggressively.
- You’re outside the U.S. and other blocked countries.
- You value regulation over convenience.
- You hate high fees on futures trading.
- You don’t need a mobile app or staking rewards.
Is Hibt a safe crypto exchange?
Yes, Hibt is one of the safer exchanges for active traders. It’s licensed as a Money Services Business (MSB) in Canada, which means it follows strict financial regulations. 90% of user funds are stored in multi-signature cold wallets, and all accounts require Two-Factor Authentication. The platform also released a major security upgrade in January 2025, showing ongoing investment in protection. However, like all crypto exchanges, you’re responsible for your own wallet addresses-Hibt can’t recover lost funds if you send crypto to the wrong place.
Can I deposit USD or EUR on Hibt?
No, Hibt does not support fiat deposits or withdrawals. You cannot deposit USD, EUR, CAD, or any traditional currency. You must first buy crypto on another exchange or platform, then transfer it to your Hibt wallet. This makes Hibt unsuitable for beginners who need to buy crypto with a credit card or bank transfer.
Does Hibt have a mobile app?
No, Hibt does not have a dedicated mobile app. Trading is only available through the web platform, which works on mobile browsers. While the interface is responsive, it lacks features like push notifications, biometric login, or one-tap trading that native apps offer. This is a notable drawback for users who trade on the go.
What countries are blocked on Hibt?
Hibt blocks users from 29 countries, including the United States, China, Iran, Iraq, Syria, Venezuela, Cuba, North Korea, and several others. The full list isn’t published, but users from these regions are automatically denied access during registration. If you’re unsure, try signing up-Hibt will block you if your location is restricted.
Are Hibt’s trading fees competitive?
Yes, Hibt’s fees are among the most competitive in the industry. Spot trading is 0.2% for both makers and takers, which is standard. Futures trading is only 0.05% for both maker and taker orders-lower than Binance, Kraken, and Bybit. A 10-tier VIP system allows high-volume traders to reduce fees further. For active futures traders, this can mean significant savings over time.
Does Hibt offer staking or passive income?
No, Hibt does not offer staking, savings accounts, or any passive income features. The platform is focused solely on spot and derivatives trading. If you want to earn interest on your crypto holdings, you’ll need to use a different service, such as a centralized exchange with savings products or a DeFi protocol.
Is Hibt regulated?
Yes, Hibt is regulated. It holds a Money Services Business (MSB) license from FINTRAC in Canada, which requires it to follow strict anti-money laundering (AML) and know-your-customer (KYC) rules. This makes it one of the few crypto exchanges with formal financial oversight, giving users more legal protection than unregulated platforms. However, it’s not regulated by the SEC or other U.S. agencies, so U.S. residents are blocked.
Hibt’s no-fiat policy is actually a feature, not a bug. If you’re trading crypto like a professional, you’re already moving assets between wallets. The real win is the 0.05% futures fee - that’s cheaper than most exchanges charge for spot. I’ve been using it for 18 months and never looked back.
Just make sure you’ve got your crypto ready before you sign up. No hand-holding here.
Canada licensed? Yeah right. That’s just a shell company with a fancy stamp. They’re dodging U.S. regulators by hiding behind Ottawa. Don’t be fooled - if they were legit, they’d let Americans in. This is geo-gaming at its finest. And don’t even get me started on their ‘security upgrade’ - probably just a PR stunt after the last leak.
Stick to Binance. At least they’re honest about being offshore.
Let’s break this down statistically. Hibt’s 0.05% futures fee is only competitive if you’re trading over $500k/month. For the average trader, the 0.2% spot fee is average at best. Kraken’s tiered structure actually gives better rates for mid-volume traders. Also, 700+ pairs means nothing if 600 of them have under $10k daily volume. Liquidity matters more than pair count.
And no mobile app? In 2026? That’s not ‘no-frills,’ that’s negligent. You’re not a trader if you can’t react in real-time. This platform is a relic wrapped in MSB branding.
Guys, the real story here is the MSB license. Most of you are fixated on fiat ramps and apps, but Hibt is one of the few exchanges actually auditable under financial law. That’s huge. You think Binance’s ‘compliance’ means anything when they get fined $4B? Hibt’s not trying to be the biggest - they’re trying to be the most legally defensible. That’s the future of crypto infrastructure.
And yes, you need to move crypto in first. That’s not a flaw - it’s a filter. It keeps out the gamblers and the scammers. You want convenience? Go to Coinbase. You want safety? Hibt’s your only real option outside of self-custody.
It’s funny how people treat Hibt like it’s some secret weapon. It’s just a clean, boring exchange. No hype, no staking, no NFTs - just trading. That’s it. If you need a mobile app to trade, you’re not a trader. You’re a speculator. And if you can’t figure out how to transfer crypto from Kraken to Hibt, maybe crypto isn’t for you.
I’ve used it for two years. Zero issues. Fees are low. Security is solid. No drama. That’s all you need.
Minimum 5 USDT withdrawal? That’s brutal if you’re just testing the waters. I tried depositing $10 worth of ETH and got stuck. Had to buy another $15 just to make the cut. Not cool.
As someone from India who has used Hibt for over a year, I must say the platform’s strict KYC and no-fiat policy are precisely why I trust it. In a landscape riddled with unregulated exchanges that vanish overnight, Hibt’s Canadian MSB licensing provides a rare anchor of accountability. The absence of a mobile application is indeed inconvenient, yet the web interface remains robust and secure. One must prioritize regulatory integrity over ephemeral convenience. For serious traders, this is not a limitation - it is a standard.
They don’t have staking? Okay. But honestly, I don’t miss it. I’d rather have my crypto safe and tradable than locked in some ‘earn 8% APR’ trap that turns out to be a rug pull. Hibt keeps it simple. I like that.
Also, the 2FA requirement for authenticator apps only? Yes. Please. SMS is garbage.