Hotbit experiences 2022
The exchange is available in over 170 countries and now has 7 million active users. If you like trading on your smartphone, you can also download the mobile app.
One of the few disadvantages is that Hotbit does not offer margin trading, and the exchange cannot be used by US citizens.
Hotbit serious & safe?
Hotbit is a reputable cryptocurrency exchange with millions of users in different countries. According to Coinmarketcap, it is one of the largest and fastest growing exchanges in the world in terms of daily trading volume.
Hotbit provides an in-house testing and auditing team that provides 24/7 real-time online auditing services for user assets. The cryptocurrency exchange has partnered with top review teams in the cryptocurrency industry like Beosin and Slow Mist.
This is how Hotbit checks for potential security issues and warnings before being tampered with.
Hotbit registration
The platform does not require users to register their KYC details for trading as they intuitively have a risky control system.
If these are deducted, Hotbit may require the user to go through a KYC check, which is usually done when the user wishes to make a withdrawal. If users want to register on the Hotbit platform, they need to go to the homepage of the website and click on the "Register" button.
Next, they will be asked to provide their email address and agree to the Terms of Service. They also need to enter account information.
The next step is to verify the account with the key code sent for the email confirmation. At this point, users should use two-factor authentication to choose between mobile SMS or Google Authenticator.
Hotbit Fees
Hotbit transaction fees are based on maker and taker models; Taker fees range from 0.20% to 0.65% of the order value. Taker fees are high compared to other exchanges. However, traders can use the platform’s native cryptocurrency token – the HTB token – to reduce transaction fees, which range from -0.05% to -0.50% for all Maker models. More information on fees and limits can be found here.
Conclusion
In summary, Hotbit is one of the most popular cryptocurrency exchanges and it is growing exponentially. If traders want to trade different altcoins, they can consider this platform as it offers many types of coins. One of the most beneficial features of this exchange is that it lists the coins instantly. It also offers an extensive list of trading pairs and offers its users new digital assets and tokens.
Although the platform does not have a membership program to encourage its users, compared to its other features, we can say that it is a good platform with multi-currency support, reasonable transaction fees and high security.
It reminds users that they have a
Perform two-factor authentication
need to protect their assets
and to conduct transactions on this platform.
