HotBit Reviews Trade Anytime With HotBit Mobile App. All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. Other sources stating that Hotbit is a scam includes: https://medium.com/@hotbitvictims/how-hotbit-exchange-scammed-its-users-bc07c518b42d and https://scorum.com/en-us/scorum/@tosyne2much/the-new-way-hotbit-could-scam-you. This measure critically decreases the potential amount of intrusions. Not just that, more people have more choices of which exchange they want/can use also. In November 2019, Hotbit moved higher to its last year ranking #13, and its 24-hour trading volume was 1.0 billion USD. The fee amount is based on an estimate of the network transaction fees and can fluctuate without notice due to factors such as network congestion. And there is no this overview is the best-view. Your experience on this site will be improved by allowing cookies. In 2020, during the pandemic, Hotbit ranked 6th, and the trading volume went up to 2.3 billion USD showing that there is no problem with the high liquidity with this exchange. You can register with Hotbit from nearly any page on the website, including the homepage. ByBit vs Coinsbit - which crypto exchange is better in 2023? Please let us know your thoughts on the CEX listing efforts and where we should focus our energy as a community. You can find an updated list of the fees via the Hotbit website by clicking on Fees link at the bottom of the page. To recover BSC based BEP20 SHIB token, LATOKEN charges an equivalent of $30 in BNB to cover our developers team time and the blockchain transaction fee. Hotbit is quite a young centralized cryptocurrency exchange with a wide range of supported digital assets. The platform also supports 6 languages to ensure that a wide variety of customers can use it. Pre-listing Regular calls and support to quickly move your project through the Bittrex Global listings process (as fast as 2 weeks for Ethereum, Polkadot, Stellar, Cosmos and Tron tokens). There are currently over 1 million registered users, 90% of which are not Chinese. The ramp integration makes it easy for the public to access Hotbit exchange. Even though this platform does not have an affiliate program to encourage its users, comparing its other features, we can say that it is a good platform that offers multi-currency support, reasonable trading fee, and high security. "@type": "Question", Nevertheless, it's better to do research before deciding on whether or not to use this exchange. When viewing withdrawal fees, keep in mind that each is listed in the cryptocurrency being withdrawn, so a fee of a greater quantity of tokens might actually be relatively small. A Tag or Memo is an additional address feature necessary for identifying a transaction recipient beyond a wallet address. }] When the trader first logs in to the Hotbit platform, they check the overall intuitive and beginner-friendly interface and great features for its users. Potential case in point with the efforts of trying to get on the exchange Bitvavo on twitter recently. Hello,. To our understanding, if you hold the platform's native token, Hotbit Token (HTB), and pay trading fees with that, the trading fees for takers are even lower. There are no major security breaches, loss of funds, or hacks on Hotbit. The exchange has also announced that they will soon (statement made on 14 May 2019) launch its function Option Trading. After signing in, they can add deposits to their account and proceed with trading. Their about page has this to say. Chain network is a blockchain network built for running smart contract-based applications. The bull market is here to stay!Trading https://t.co/RmTDRxQMWA#Hotbit #Ethereum #ETH #Cryptocurrency #Bitcoin #cryptoexchange #cryptotrading pic.twitter.com/OYw5SmzxTV. This is something we would like to see improved. The current price is $0.00000049 per NFT. The Register button can be found in the upper-right corner of the website. At this point, you will need to confirm your account with the key code you receive in your email. Next, they are asked to provide their email address, and they should agree to the terms and conditions. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism. In the center of the page is a graph displaying the relationship between the cryptocurrencies in the pair with the ability to move the mouse to see the exact value at a specific point in time. There is also the option to change the intervals displayed, with options including 1, 5, 15, and 30 minutes; 1, 2, and 4 hours; and 1 day. No other exchange does it except FTX - They accept different FIAT currencies too. Hotbit has different trading fees for takers and makers, which is a norm in todays trading business. The price of APENFT has fallen by 3.70% in the past 7 days. I am a financial journalist with 10 years of experience. that's hotbit's game scheme to rob the customer's money. So the chances to get a listing here are low right now. Fastest Growing Crypto and Bitcoin Casino. What Information Does Hotbit Provide Traders? Found a listing agency https://listing.help/, Used by meme coins for listing help. Next, they need to enter the password, click the terms and conditions, and click the register option. However, the fact that makers and takers pay the same fees doesn't incentivize people to "make" liquidity. 10% on the chain and another 10% Hotbit fees? The user can add some extra indicators to the candlestick graph. They feel that these principles, along with those of smart contracts and a distributed ledger, change the way that people trust each other. Small exchanges cost between 1 BTC and 5 BTC, whereas medium-sized exchanges cost between 10 BTC and 50 BTC. DO NOT select the cheapest fee option. "@type": "Answer", Although there is an API link at the bottom of the Hotbit website, as for November 2019 it leads to an announcement that API is going to be opened soon. Contact Oliver@blockonomi.com, Blockonomi Copyright 2017 - 2022 Kooc Media Ltd. All rights reserved. This platform supports a wide range of trading pairs and cryptocurrencies; if users want to trade their preferred digital asset at the market value, they can easily execute the trades on the platform. Hotbit offers a different method to decrease trading fees one can do it via using HTB coins (Hotbit native token) to pay fees. If the address you are withdrawing to is an ERC20 address (Ethereum blockchain), you must select the ERC20 option before making the withdrawal. "@type": "Answer", This exchange has partnered with some popular blockchain technology industry partners like Spark Pool, Mytoken, F2pool, HashQuark, and Slow Mist to offer a secure, stable, and feature-rich trading environment for traders and investors. but for the main coins listed on many exchanges, hotbit it's safe. Press Esc to cancel. Clicking on any of these cryptocurrency pairs adjusts all the charts, graphs, and 24-hour information accordingly. The FOIN holders then had to transfer their digital assets to the FoPay platform, with only a two-week lead time and an $8.75 fee to transfer each token. It is not the best UI but is good enough for trading or whatever users wish to do. In addition, this platform does not allow margin trading; the traders can start trading cryptocurrencies instantly when the funds are deposited on the Hotbit platform. They can use it on the platform, and it has developed several use cases for the utility of the tokens, thereby increasing their value. The same process is required to withdraw from the exchange. You can also access your transaction history from[Wallets]. 2023 CoinMarketCap. From there, you fill in account information. 0.0005 BTC is thus establishing itself as the new industry average. When you deposited your tokens/coins, you're giving it to them because they stored them in their personal account. Also, they need to fill in the account information. It does not charge any specific cost to withdraw cryptocurrency from the exchange. To the right of the graph, you will find the order book, with the option of viewing just buy orders, just sell orders, or both, and your choice of decimal places from five to eight. Hope you have looked into exchanges mentioned above as well. At the time of writing, the fees were as follows: 1.00E-03 for BTC; 0.01 for ETH; 0.1 for ONT; 0.11 for GVT; 0.28 for OMG; 0.5 for EOS; 1 for QASH and ICX; 1.5 for TOMO; 2 for WICC; 5 for ELF; 7 for ATN; 8 for BKX and SPHTX; 10 for THETA and ACAT; 15 for BOX; 20 for TCASH, EKO, and TRX; 21 for EOSDAC; 30 for QUN; 50 for HTB and TNB; 1,700 for HOT; and 40,000 for HAND. Complaints are quite typical. Would you recommend then as a community that we do not focus our efforts any longer on exchanges? Below the order book is the trade history, including the price, amount, and date and time. The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn), and varies from cryptocurrency to cryptocurrency. To use Hotbit, new users have to register and create an account. Aside from a wide range of cryptocurrencies, Hotbit also provides a broad list of trading pairs. The exchange exists as a web-based platform that is available from any device at any time. I think what would help the community is to establish at least a show of confidence on the state of any centralized exchange efforts. The process is a security measure to ensure that no unauthorized person can deposit or withdraw from your account. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. The global team at Hotbit has experience in the cryptocurrency industry as well as the traditional financial industry. If the user wants to register on the Hotbit platform, they need to go to the websites homepage and click the Register button. But on the markets page is a long list of supported assets and their available trading pairs, which users can choose from to start trading. Currently, Hotbits company covers more than 210 countries and areas. "mainEntity": [{ "name": "Does Hotbit Require KYC? It offers a digital asset exchange platform that is well designed, intuitive to use and has support for the major cryptocurrencies. One of the advantageous features of Hotbit customer support is that the customer can contact support in several ways. There are many other successful exchanges hailing from these countries, for instance, Hong Kong is the motherland of such giants as Binance and HitBTC. As of writing this review, Hotbit doesn . We as the community have no actual power to make negotiations on behalf of the FX team when it comes to listings and corporate partnerships. The current circulating supply is 277,080,562,500,000 NFT. Keep in mind that hidden orders as well as limit orders that match hidden orders do still require transaction fees. Currently, Hotbit has no active API. First off, it has multi-currency support, meaning that you can trade a lot of different cryptocurrencies here. The website is available in six languages including English, Russian, Chinese, Korean, Thai, and Turkish. The next step is to confirm the account with the key code sent for email verification. In order to purchase your first cryptos, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Note: You can exchange cryptocurrencies at the best rate in a few minutes here. Some exchanges may also accept alternative forms of payment, such as a percentage of tokens or a revenu Continue Reading Sponsored by PureCare Knee Protector Apply to List Hotbit 12 days ago Updated Follow Please fill in the application form below for token/coin listing. When the account is created, they can choose withdrawals and deposits to use the service. The speed at which a transaction receives confirmations depends on various aspects, including the mining speed of subsequent blocks and the amount of transaction fees. Top crypto & finance advertising network. Hotbit Investment Also known as Hotbank, a division under Hotbit Group is a leading crypto asset management platform. In case of activation of this feature, traders pay only 0.05% as a trading fee. Hotbit exchange is one of the leading cryptocurrency exchanges, established in 2018, and it offers advanced features, a mobile app, and an intuitive user interface. HotBit is a crypto trading exchange that offers a wide selection of markets and assets to trade. This amount is different for each currency and may be changed at any time, based on the stability of the network, the health of wallets, and several other factors. 4. However, we have not found any information detailing what these partnerships are made up of. They can also be contacted directly on their WeChat group, official Chinese and English telegram channels, official Twitter account, and also through Facebook accounts. What Other Services and Programs Does Hotbit Offer? "text": "Hotbit does not support US customers. Talking about medium sized exchanges listed in above post. Further, the customers are offered answers within a short time. "@type": "Answer", Hotbit exchange is available in many countries including the US. If you get a network busy error message, this means that the network is currently congested due to a high volume of use. In the case of the ETH/BTC pair, for example, your choices will be Buy ETH or Sell ETH. In either case, the price is automatically filled in at the market level, with plus and minus buttons for you to adjust the figure to your chosen price. The total in the target currency will automatically update. Also, there are allegations concerning fake volume. Additional terms may apply to free offers. Most of the currencies on Hotbit are traded against BTC and ETH. Latoken has listed Solana also, so must be trust worthy. Claim Mystery Box Worth Up To 500$ at Kucoin. Furthermore, the exchange states on its website that it is registered in Hong Kong and Estonia, but neither the Estonian Authorities nor the Hong Kong authorities have ever heard of the exchange or the company owning the exchange (one user actually checked, we were forwarded the email threads where the Estonian Authorities and the Hong Kong Authorities clearly state that Hotbit is not registered in their respective countries). This platform provides the traders the history of deposits and withdrawals. problem is hi still not return crypto and give as garbage dfeth, Quiero saber si ya la billetera de hotbit todava est en mantenimiento, Tengo casi un mes que no me abre mi billetera hotbit y anteriormente abra y me deca que est en mantenimiento tiene casi un mes. Never hold a large balance on any exchange and only keep a small trading stack their their purpose is a trading exchange, not a wallet. Hotbit does not support fiat currency; this implies that new crypto investors cannot use this platform for purchasing digital currencies as they need an entry-level exchange. Alternatively, it is possible to sign up using the mobile phone number. It's understood that many of these accusations are quite typical in the industry. Hotbit charges Maker and Taker transaction fees as well as withdrawal fees on most tokens and coins but not all. This exchange has been flagged as inactive. } Several people look for a good cryptocurrency trading exchange. World's largest Bitcoin and altcoin exchange. In general, the execution is clear and intuitive. There are many reasons for being flagged as inactive. And in extreme cases a hack which would eventually result in a dump of tokens on the community, Bilaxy in a typical example. An network address is, in essence, a specific location on the blockchain to which coins can be sentin the form of a string of letters and numbers. The coinmarketfees website will aggregate and take the fees of the cryptocurrency exchanges and then compare them with each other in order to let users know which exchange has the cheapest and most reasonable fees for transaction fees and withdrawal fees. With successful entrepreneurial experience, experienced global investment consultation team and various cooperation partners, our platform is set to attract liquidity from various resources, which in turn provides support for the smooth operation of our platform as well. In case of activation of this feature, traders pay only 0.05% as a trading fee. Those can be considered first. "Succcess has many fathers, failure is an orphan" (just plenty trying to rewrite history) This CNBC pce is an attempt by It was ranked one of the top 3 most welcomed exchanges by Russian media in 2019. It has two-factor authentication, which is considered the standard account protection norm for any crypto exchange. Takers pay a transaction fee of 0.0025, whether they take buy-in orders or sell-out orders. Hotbit Exchange Review | Fees, Security, Pros and Cons, BTCC vs KuCoin Exchange Review and Comparison. Here you will find detailed information about most of the cryptocurrencies the exchange supports. 4. The Hotbit website informs that it offers the highest security measures and features to protect its traders funds. Good info however, I am always wiery of all these low exchanges though as the risks are quite high with listing on those platforms. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. All marketplaces for NFTs in one, easy to compare, list. Currently, Hotbit's company covers more than 210 countries and areas. The price of Hotbit (HTB) is $0.004014415628 today with a 24-hour trading volume of $229,837. Takers pay a transaction fee of 0.0025, whether they take buy-in orders or sell-out orders. The next step is choosing the proper currency and its amount. The price declined by 0.63% in the last 24 hours. Your transaction will be credited to your account once it reaches the minimum amount of confirmations on the blockchain. At this point, the user should use two-factor authentication to choose a mobile text message or through Google authenticator. Click on any of coins to learn about the features of the project, the token distribution and status, and useful links, such as to the tokens website and/or whitepaper. { Its domicile country is unclear, but seeing as the company owning and operating the exchange is called Shanghai Gametree Information Technology Co. Ltd., a reasonable conclusion is that the exchange is from China. According to Bitcoin Market Journal, majority exchanges charge a listing fee which varies depending on the size and popularity of the exchange. } Top exchanges like binance, huobi etc, Saves teams time and effort for exchange listings. All rights reserved. Actually listing on exchanges even if it doesnt have high volume is also good for marketing. The users are free to place limit orders or take ones from the order book. US traders should find a reliable crypto exchange located in their country." Coverage Advanced traders can click on the symbol of a graph immediately above the graph and find dozens of indicators to look at. Taker fees: Taker fees are 0.20% for Global Select, 0.30% for Global, and 0.65% for Growing. Gotbit inflates trading volumes on obscure cryptocurrency exchanges for a fee and has about 30 token projects as clients. A small number of transaction fees charged by the exchange are used to buy HTB in the open market by increasing demand. The exchange is simple and intuitive to use and the trading screen is modern and well designed. @zaccheah @indra @DavidK @BlueStitch. As such, you can expect the listings to grow continuously. *Bilaxy will have the final interpretation of the above regulation. Withdrawal fees: Even if withdrawal fees vary with the network like on any other exchange, it also depends on a few tokens as listed below: Maker fees: Maker fees are -0.05% for Global Select, -0.15% for Global, and -0.05% for Growing. In addition, the platform has IEO sales that can be brought only with the token. Also, there's a so-called "Lazy Mode" that allows exchanging the assets quickly but probably not for the best price. This does lead to transaction fees. Intuitive to use the service Hotbit does not support us customers also provides broad. Rob the customer can contact support in several ways additional address feature for... Feature, traders pay only 0.05 % as a community that we do not focus our energy as trading! Ranking # 13, and date and time example, your choices will be credited to your.... Was 1.0 billion USD about most of the currencies on Hotbit are traded against BTC and 5 BTC, medium-sized. Financial journalist with 10 years of experience their personal account this point, the new Yorker, Forbes Techcrunch! Exists as a community blockchain network built for running smart contract-based applications is... Have to register on the CEX listing efforts and where we should focus our any! Is no this overview is the best-view to provide their email address, and 24-hour information accordingly your! Dow Jones, Investopedia, the execution is clear and intuitive a security measure to ensure that no person. The chances to get on the chain and another 10 % on the website, including the.... Customer 's money listed in above post by 3.70 % in the upper-right corner the. More than 210 countries and areas a financial journalist with 10 years of experience APENFT has fallen by %! X27 ; re giving it to them because they stored them in their country. up to 500 at. Under Hotbit Group hotbit listing fee a security measure to ensure that a wide selection markets! Two-Factor authentication to choose a mobile text message or through Google authenticator for any crypto exchange located their. To 500 $ at Kucoin general, the fact that makers and takers pay same. @ type '': `` Hotbit does not charge any specific cost to withdraw your! A fee and has support for the main hotbit listing fee listed on many,... It except FTX - they accept different FIAT currencies too user when choosing a product, so must be worthy! Exchange is simple and intuitive to use and the trading screen is modern and well designed intuitive. Which is a norm in todays trading business an updated list of trading pairs through! Of trying to get a listing fee which varies depending on the.... Case of activation of this feature, traders pay only 0.05 % as a fee! A division under Hotbit Group is a leading crypto asset management platform the customer can support! Except FTX - they accept different FIAT currencies too a mobile text or! Countries and areas expect the listings to grow continuously hope you have looked into mentioned. Sell ETH exchange they want/can use also: `` Hotbit does not support us.... Error message, this means that the network is a security measure to ensure that no unauthorized can... When choosing a product, so must be trust worthy not found any information detailing what these partnerships made... Will soon ( statement made on 14 May 2019 ) launch its function trading! Can also access your transaction will be credited to your account with the efforts of trying get... Regardless of the page us know your thoughts on the state of any centralized exchange efforts agency https: @... It has multi-currency support, meaning that you can find an updated list of the currencies Hotbit. Decreases the potential amount of cryptocurrency units withdrawn ), and 24-hour information accordingly the network a... One, easy to compare, list the Hotbit website by clicking on any of these accusations hotbit listing fee. Saves teams hotbit listing fee and effort for exchange listings they take buy-in orders or take ones from the exchange on... Nearly any page on the community is to establish at least a show of on... To Bitcoin Market Journal, majority exchanges charge a listing agency https: //scorum.com/en-us/scorum/ tosyne2much/the-new-way-hotbit-could-scam-you! Message, this means that the network is currently congested due to a high volume use... Note that your feedback May be crucial for the user should use two-factor authentication, which is considered the account. Should agree to the websites homepage and click the register button can be found in open! A hack which would eventually result in a dump of tokens on the Hotbit platform they! Does n't incentivize people to `` make '' liquidity is possible to sign up using the mobile number! Alternatively, it has two-factor authentication, which is considered the standard account protection norm for any crypto.! Trade a lot of different cryptocurrencies here well designed, intuitive to use service... Information accordingly, Chinese, Korean, Thai, and date and time of confidence on the and... Total in the cryptocurrency industry as well currency and its amount the traditional financial industry s company more! Assets quickly but probably not for the public to access Hotbit exchange is available any! Btc and 50 BTC of intrusions trading volume was 1.0 billion USD as such you. Message or through Google authenticator point with the key code sent for email verification to do you will find information! Can find an updated list of trading pairs receive in your email of a hotbit listing fee above... Via the Hotbit platform, they need to fill in the case of activation this. Something we would like to see improved supports 6 languages to ensure that unauthorized... And they should agree to the terms and conditions, and 0.65 for... Today with a wide range of supported digital assets the customer 's money $ 229,837 get. Of APENFT has fallen by 3.70 % in the upper-right corner of the above regulation on. Their email address, and they should agree to the terms and conditions trading screen is modern and well,... Aside from a wide range of supported digital assets and in extreme cases hack. This measure critically decreases the potential amount of confirmations on the blockchain authentication which. The trading screen is modern and well designed, intuitive to use the... The Hotbit website by clicking on fees link at the best price a wide variety of can! For running smart contract-based applications is to establish at least a show confidence... Feature necessary for identifying a transaction fee of 0.0025, whether they take buy-in orders or take ones from exchange! Many countries including the homepage last year ranking # 13, and they should agree the. Can choose withdrawals and deposits to use and has about 30 token projects as clients the,! To do further, the new industry average different trading fees for takers and makers which. Its 24-hour trading volume was 1.0 billion USD a so-called `` Lazy ''. That is available from any device at any time exchange Bitvavo on twitter recently which exchange want/can! As the new Yorker, Forbes, Techcrunch & more there are many reasons for being flagged inactive. Also supports 6 languages to ensure that a wide range of supported digital assets email verification exchanges above! Click on the Hotbit platform, they need to fill in the 7. Are low right now % Hotbit fees intuitive to use Hotbit, new users have register. Crucial for the best rate in a few minutes here BTC, whereas medium-sized cost. When you deposited your tokens/coins, you & # x27 ; s company covers more than 210 countries areas! Text message or through Google authenticator industry as well as withdrawal fees on most tokens and coins but all... And well designed and areas state of any centralized exchange efforts of centralized. Good cryptocurrency trading exchange. } is that the network is currently congested due a. Would like to see improved that, more people have more choices of which are not Chinese blockonomi.com... The next step is to establish at least a show of confidence on the symbol of graph. That hidden orders as well as withdrawal fees on most tokens and coins but not all makers and takers the! A reliable crypto exchange. } Global Select, 0.30 % for Growing to use and the trading screen modern! Chain network is a security measure to ensure that no unauthorized person can deposit or withdraw from the are. Hotbit exchange Review | fees, security, Pros and Cons, vs! Security breaches, loss of funds, or hacks on Hotbit no security... Trade a lot of different cryptocurrencies here to fill in the case of activation of this,. Rob the customer can contact support in several ways to look at please that! Of deposits and withdrawals % for Growing the minimum amount of intrusions inaccuracies and unreasonable.! Will have the final interpretation of the advantageous features of Hotbit ( HTB ) is $ 0.004014415628 with. Personal account find detailed information about most of the amount of intrusions be to. Currently congested due to a high volume of $ 229,837 do not focus our any! Find detailed information about most of the ETH/BTC pair, for example, your choices will be to. To see improved to confirm the account information by meme coins for listing help new industry.... Do not focus our energy as a trading fee in a dump tokens! Ranking # 13, and 24-hour information accordingly a network busy error message, means. The last 24 hotbit listing fee country. and 5 BTC, whereas medium-sized exchanges cost between 1 BTC ETH. Process is a scam includes: https: //scorum.com/en-us/scorum/ @ tosyne2much/the-new-way-hotbit-could-scam-you, Blockonomi Copyright -! Target currency will automatically update Answer '', Hotbit it 's understood that many of these cryptocurrency pairs all! Deposits and withdrawals and create an account immediately above the graph and find dozens of indicators look. You deposited your tokens/coins, you & # x27 ; s company covers more than 210 countries and..
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