Hotbit
Reviews 9
No complaints yet
1.9
Unverified company
hotbit.io
Visit website
An exchange for trading cryptocurrencies with a large selection of digital assets, high liquidity and secure transactions for users.
Cryptocurrency exchange
Website
Social media
Date of foundation
2018
Head Office
Shanghai, PRC
Types of support
Feedback form on the site
Help Center
Languages
Russian, English, Chinese, Korean, Turkish, Thai, Vietnamese
Age restrictions
From 18 years
Trading volume per day
2019.81 BTC
31620.64 ETH
114317017.76 USDT
Number of users
500000+
Number of cryptocurrencies
880+
Margin Trading
Yes
Tokenized assets
Yes
Free Demo Account
No
Types of accounts
Methods of replenishment
Cryptocurrencies, FasaPay, Epay, Advcash, Perfect Money, Payeer
Withdrawal methods
Cryptocurrencies
Account currencies
RUB, USD, CNY, KRW, THB
Types of cryptocurrencies
Bitcoin, Ethereum, Litecoin, Stellar, DASH, Zcash, Ripple, Monero, etc.
Mobile applications
Has mobile apps (Android)
Trader training
User manual
A way to store cryptocurrencies
Cold: yes
Hot: no
Fiat accounts
Yes
Scalping
No
Stop Loss and Take Profit Function
No
Exchangeability for fiat currencies
Yes
Basic verification
At the request of the exchange
Extended AML verification
API
No
Bonuses
Affiliate Program
RegistrationAdditional income program for referrals
Benefits
Large selection of trading pairs, user-friendly interface
Round-the-clock technical support and a convenient mobile app
Withdrawal of funds without mandatory verification
Loyal commissions and security
High liquidity
Disadvantages
Account locks and password recovery problems
Long response from customer service
Company requisites
Overall assessment
8.2/10
Date of update
27.04.2022
    Address
    SHanhay, KNR

    Hotbit is it a scam? Reviews and description

    Published: 20 November 2020 Updated: April 27, 2022


    Hotbit - is an exchange for cryptocurrency tradingwhich appeared on the financial market in 2017. The company was registered in Singapore, and the main office is currently located in Shanghai. The platform is characterized by a large number of trading pairs.

    In this review, we'll take a closer look at the opportunities offered to traders by the site and find out if Hotbit is a scam or a reliable cryptocurrency exchange.

    Is Hotbit a scam? Reviews

    Discount 10% on commissions - Get

     

    Why Hotbit?

    The cryptocurrency trading platform appeared on the international market three years ago and has already gained popularity among its users. At the moment, the exchange has more than 500,000 traders from more than 170 countries. As the company focuses on the international market, the official website hotbit.io is available in 7 languages. The advantage is the availability of the Russian version of the interface. For its customers, the exchange provides a really large number of trading pairs and tokens for trading, namely 885 coins. Due to the fact that the company constantly updates the list of coins and supports multicurrency, users get access to a more varied cryptocurrency trading (How to make money on cryptocurrency?). Trading itself is done through a simple and convenient platform consisting of the following blocks:

    • on the left you can see a list of currency pairs to trade;
    • In the middle there is a graph Trading View, and below the order to buy and sell cryptocurrencies, as well as the history of buying and selling assets;
    • On the right, the client can view the order stack.

    In order for traders to have constant access to the trading platform, a mobile application was created. Thus, it is possible to exchange digital assets at any time from anywhere in the world. Both iOS and Android versions are available.

    Hotbit mobile app

    Among the advantages of the project are:

    • a large selection of trading pairs;
    • simple and straightforward interface;
    • 24-hour technical support;
    • mobile app;
    • security;
    • Withdrawal of funds without mandatory verification;
    • promotions and bonuses for users;
    • Loyal Commissions.

    exchange trading

     

    How to exchange cryptocurrency on the Hotbit platform?

    To exchange cryptocurrencies, the client must first register a profile and log in to the system on the website hotbit.io. The following are a few simple steps to follow:

    • go to the trade tab;
    • choose cryptocurrencies for trading;
    • fill in the order fields, specifying the amount of cryptocurrency to be exchanged;
    • press the corresponding button.

    Hotbit cryptocurrency exchange

     

    Verification on the hotbit.io platform

    The main feature of the exchange is the absence of mandatory verification. Thus, traders can easily deposit and withdraw their earnings without providing additional documents.

    hotbit.io registration

     

    Deposit and withdrawal

    To deposit funds to your balance, the user must first go to the tab "Fund/Deposits" and perform a few simple steps:

    • choose the right coin;
    • copy the address and send coins to it from your wallet.

    It is also possible to deposit funds to the account through the following payment systems:

    Withdrawal of funds

    You can withdraw earnings from your wallet at any time. To do this, you should:

    • select "Withdrawals" in the appropriate section;
    • indicate the address and the amount;
    • enter the confirmation code.

    The withdrawal process can take several hours.

    Cryptoexchange Commission

    There is no deposit fee on the exchange. The platform charges a fee for withdrawals, which directly depends on the selected currency type. For Bitcoin the commission is 0.001 BTC. The trading commission for the maker is 0.05%, and for the taker 0.20%.

     

    Hotbit Bonuses

    From time to time on the website hotbit.io There are various special offers for traders. Let's look at some of them.

    Discount 10% on commissions

    You can get 10% discount on cryptocurrency exchange Hotbit commissions. Hurry up to take advantage of this great offer while it's still valid!

    Referral program

    The referral program will allow users to invite new traders to the project and receive compensation for this.

     

    Complaints about Hotbit

    For three years of uninterrupted operation of the platform, quite a lot of feedback has accumulated online from clients, including those from Russia. There are both positive and negative comments about the project. The advantages of traders have a large number of trading pairs, user-friendly interface, a mobile application, the rapid withdrawal of earnings, the lack of mandatory verification. The drawbacks include the lack of a referral program, the presence of bots, long response time from the support team, frequently blocked accounts and problems with password recovery.

    Hotbit reviews Hotbit reviews

    If there are any reviews about Hotbit Crypto Exchange, we will definitely publish the information on social networks. Sign up so you don't miss anything!

    Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

     

    Regulation of crypto exchange Hotbit

    To protect yourself from fraudsters, before you start cooperating with a cryptocurrency exchange, you should check the availability of necessary documentation and license on the website. Let's take a closer look at how the project is regulated. It is known that the site is not subject to the control of any state organization, and also has no accompanying licenses. On the site you can find all the necessary documentation for users, namely the "User Agreement" and "Privacy Policy". The location of the main office of the company is concealed.

    Hotbit.io User Agreement

    "User agreement" is the main document that users can find on the site. The agreement provides information on the rules of cooperation with the exchange, as well as the rights and obligations of both customers and the administration of the project. The disadvantage is that the document is presented only in English. Let us consider the main points in more detail. The agreement specifies the information that by accessing, viewing or downloading information from the site and using the service provided by Hotbit, the user confirms that he has read, understood and unconditionally agreed to comply with these conditions.

    The Company may, in turn, change these terms and conditions at any time without prior notice. The Customer agrees to abide by any amended terms and conditions and Hotbit is under no obligation to notify traders of such changes. The Customer agrees to check these terms and conditions periodically for changes and the continued use of the website and the services offered by the Company after the posting of any changes to the terms and conditions shall constitute acceptance of any such changes.

    hotbit.io user agreement

    The Client understands and accepts that transactions in digital assets may be suspended or prohibited at any time in connection with the adoption or amendment of national laws, regulations and regulatory documents. It is also worth considering that the opinions, information, discussions, analyses, prices, advice and other information on the website are general market reviews and do not constitute any investment recommendations. The Administration shall not be liable for any damages arising directly or indirectly from the use of the above-mentioned information, including, but not limited to, lost profits.

    Hotbit responsibility

    It is prohibited to use the platform for any illegal activities such as money laundering, smuggling and commercial bribery. If any such illegal activity is detected, the project administration will take all available measures, including but not limited to freezing accounts, notifying the relevant authorities, and so on. In this case, the company will not assume any obligations arising from this and reserves the right to hold the relevant persons liable.

    The user agrees not to allow anyone to use or manage his/her account and to update Hotbit in the event of any changes in information or in the event of account hacking. It is the responsibility of the trader to store and protect any keys, certificates, passwords, access codes, user IDs or other credentials and login information that have been provided or generated in connection with the use of the platform. User must notify Hotbit immediately of any unauthorized use of passwords. Hotbit shall not be liable for any liability, loss or damage resulting from the unauthorized use of passwords.

    Hotbit liability for damages

    User acknowledges that Hotbit has the right to completely or partially discontinue the service, temporarily or permanently block (cancel) the authorization of your account at its sole discretion, without any prior notice for any reason. Hotbit also has the right to retain and use transaction data, records and other information pertaining to such account. In any of these cases, Hotbit has the right to directly terminate the agreement by canceling the account and also has the right to permanently block (cancel) the authorization of the account. These cases include:

    • registering multiple accounts after the first one has been blocked;
    • the email address listed does not exist or cannot receive emails, and the company has no other means of contacting you;
    • The administration was able to establish contact with the client through other means of communication;
    • the main content of the information provided by the client is unreliable, inaccurate, outdated or incomplete.

    hotbit.io account blocking

    Customer Service

    To contact the support team, you can only use the feedback form, which can be found under "Contact Us". The disadvantage is that there is no possibility to communicate with the support via e-mail. The site also provides a section "FAQ", where the user can find answers to common questions about the company. A separate page with a detailed manual has been created for beginners.

     

    Is Hotbit a scam?

    Hotbit is a young platform for cryptocurrency trading, which appeared on the market in 2017. In a fairly short period, the project managed to attract the attention of more than 500,000 traders around the world and continues to evolve. The company is headquartered in Shanghai, but the organization was registered in Singapore. The main advantage of the platform is a really huge number of coins and tokens to trade. There are currently 885 coins on the exchange and their number is constantly being updated. Also an advantage is the availability of a user guide, which allows newcomers to get to grips with the project faster. A mobile application was developed for the convenience of users.

    On the Internet you can find a fairly large number of reviews from traders. There are both positive and negative comments about the project. After examining the opportunities the platform offers to its customers, can we conclude that Hotbit is a scam and fraud? No, even though the exchange has flaws, customers can withdraw their earnings from the project and successfully cooperate with it.

     

    Conclusion

    Young Exchange Hotbit appeared on the financial market relatively recently and has a number of disadvantages. Thus, the company has a limited number of channels for communication with the support service. Also, although the site has a Russian-language interface, it has been translated illiterately enough, which complicates the user's work with the exchange, and many sections remain unfinished. If you have cooperated with the exchange for trading digital assets Hotbit, leave your independent opinion about the platform on our website.

    Exchange Commission
    42%
    Transaction speed
    42%
    Reliability
    36%
    Technical support
    36%
    1.9

    Отзывы

      Hotbit reviews

      9
      Add review
    • 2.8
      Rate the review 0
      0
      0
      Exchange Commission
      60%
      Transaction speed
      100%
      Reliability
      20%
      Technical support
      40%
      scam

      Hi. I’ve been using Hotbit Crypto Exchange for a long time. And, making another token deposit (400 USDT), I didn’t see them on balance. Here is the hash of the transaction: 0xa348a1e2791237ca002d8753123193e747d19fa284457d418d60a426fac6185b
      Sent from the exchange Ftx.com from the chain (Avax-c) to hotbit… Read more

    • 1
      Rate the review 0
      0
      0
      Exchange Commission
      20%
      Transaction speed
      20%
      Reliability
      20%
      Technical support
      20%
      Fraud

      The technical support is not to write.
      pages stutter for a couple of minutes withdrawal of money in general the page does not open

    • 1
      Rate the review 0
      0
      0
      Exchange Commission
      20%
      Transaction speed
      20%
      Reliability
      20%
      Technical support
      20%
      Lots of scam

      Worst exchange, the volumes are 100% inflated! I transferred from cukoin exchange on 29.12.2021, I still haven’t received my tokens to my Hotdit account. Here’s what tech support said:
      Hi,
      The address of the DACC contract on Hotbit is 0xf8c595d070d104377f58715ce2e6c93e49a87f3c
      However, the DACC contract… Read more

    • 5
      Rate the review 0
      0
      0
      Exchange Commission
      100%
      Transaction speed
      100%
      Reliability
      100%
      Technical support
      100%
      I don't even know how to say fraud or a technical malfunction

      urgently unblock my coin EverRise I have 300 million coins there now, it went up over three million percent and your exchange hotbit don’t know what they want

      • muhammad zaninov Abdukhakim Turdiyev 14 December 2021 at 20:51
        Rate the reply 0
        0

        Text me on Telegram and I’ll help you @mobot08

    • 1
      Rate the review 0
      +2
      0
      Exchange Commission
      20%
      Transaction speed
      20%
      Reliability
      20%
      Technical support
      20%
      The exchange deceived users by trading a...

      The exchange deceived users by trading a token with an invalid contract. People transferred the token to other exchanges, thereby losing their money. On other exchanges the token was traded with a different contract. And the Hotbit exchange knew about it! The support of the exchange actually told the… Read more

    • 1
      Rate the review 0
      +1
      0
      Exchange Commission
      20%
      Transaction speed
      20%
      Reliability
      20%
      Technical support
      20%
      The exchange is terrible, on service several...

      The exchange is terrible, on service several times a week. Volumes are inflated. Tried to add balance in anonymous crypto, funds are not credited, they do not even understand what Stealth addresses, support is terrible, do not be fooled and choose more reliable exchanges

    • 1
      Rate the review 0
      +1
      0
      Exchange Commission
      20%
      Transaction speed
      20%
      Reliability
      20%
      Technical support
      20%
      Strange, but the exchange is not available...

      Strange, but the exchange is not available for about a day… Before that all the time some work and inaccessible withdrawal.

    • 1.3
      Rate the review 0
      +3
      0
      Exchange Commission
      40%
      Transaction speed
      20%
      Reliability
      20%
      Technical support
      20%
      The exchange stole funds that I tried...

      The exchange stole funds that I tried to withdraw. Support shoots off the standard phrases. It’s been 11 days and apparently no one is going to return anything. There is proof, be careful!

    • 3.5
      Rate the review 0
      0
      Exchange Commission
      80%
      Transaction speed
      60%
      Reliability
      80%
      Technical support
      60%
      Hotbit is already quite well known in...

      Hotbit is already quite well known in the circles of Russian traders. Many of them work successfully here, and the majority of users do not have any complaints about the exchange. However, on specialized forums we found discussions that show that in fact not everything is so smooth at Hotbit. For example… Read more

    Company in ratings
    RatingPlace
    Robots for cryptocurrency
    CompanyPlace
    Buying cryptocurrency
    CompanyPlace
    Best Forex Brokers
    CompanyPlace
    Alpari
    1/138
    Activity
    0complaints
    • New0
    • Solved0
    • Solving0
    New companies
    Sitemap