Hotbit

Hotbit Exchange Review

Centralized

Hotbit Overview

  • It is unclear where Hotbit is based, although some speculate that this digital asset exchange is based in China. It seems that Hotbit was launched in January 2018.

    The Hotbit website is available in 5 languages, including English. A Hotbit review reveals that they serve the cryptosphere via no less than 327 active markets and trading pairs, both fiat-to-crypto and crypto-to-crypto trading pairs. They seem to have an extensive selection of altcoins listed, including many exotic cryptos or digital assets.

    They seem to have started out dealing in cryptocurrencies or digital assets only, not accepting deposits or withdrawals in fiat currencies. This seems to have changed as deposits and withdrawals are available in USD today. Furthermore, they seem to host giveaways and competitions frequently, including various trading competitions (general trading competitions, net buy-in volume competitions, etc.).

    A review of Hotbit exchange shows that they are planning to offer both an API and affiliate program, although it is unclear when exactly. In addition, no info is available about the company behind this crypto exchange or where it is based. They also provide no info about the security measures deployed (if any) and seem to only offer spot trading at this stage (no margin trading). In addition, they claim the Hotbit team is global, but no details are available about team members or the team behind Hotbit in order to verify.

    Hotbit seems to charge no deposit fees, but extremely high withdrawal fees. Furthermore, they have elsewhere been accused of creating fake trading volume.

    Hotbit Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      NaN BTC

      • Hotbit Total Trading Pairs

        N/A

        • Hotbit Margin Trading

          No

          • Hotbit Deposit Fees

            No

            • Hotbit Trading Fees

              Maker 0.1% Taker 0.1%

              • Hotbit Fiat Deposit

                Yes

                • Accepted Payment Methods

                  None

                  • Hotbit Native Token

                    No

                    • Native Token Smart Contract

                      N/A

                      • Hotbit Trading Markets
                        • Hotbit Stablecoins Trading

                          Hotbit Withdrawals

                          • Daily Withdrawal Limit

                            /

                            • Hotbit Withdrawal Fees

                              N/A

                              • Hotbit Withdrawal Fees Discount

                                Using HBT 50% discount

                                • Proof of Reserves

                                  N/A

                                  Hotbit IEO launchpad

                                  IEO Start date End date Fundraising
                                  Lichang

                                  Lichang

                                  Apr 07, 2019 - Apr 07, 2019 N/A
                                  Qobit

                                  Qobit

                                  May 08, 2019 - May 09, 2019
                                  HashNet BitEco

                                  HashNet BitEco

                                  Feb 11, 2019 - Apr 26, 2019 $20M

                                  Hotbit Exchange Additional Information