. They can also be contacted directly on their WeChat group, official Chinese and English telegram channels, official Twitter account, and also through Facebook accounts. Hotbit Exchange Review | Fees, Security, Pros and Cons, BTCC vs KuCoin Exchange Review and Comparison. Fastest Growing Crypto and Bitcoin Casino. Also, the user may change candles for hollow candles, or display Commodity Channel Index, Net Volume, and many other tools. A Tag or Memo is an additional address feature necessary for identifying a transaction recipient beyond a wallet address. The Hotbit trading platform offers a mobile trading app available on iOS and Android. We need clarity so that we can focus on efforts that actually have positive effect on the community to help grow awareness strategically with well informed decisions. One particularly useful link on this page is the New User Guide, which is available both via a help article and a video tutorial to accommodate all learning styles. There will also be a Mock Option Trading-function where you can practice option trading for free but without the risk of losing any actual assets. A cryptocurrency address can be shared publicly in the form of text or QR code toreceive funds. Small exchanges cost between 1 BTC and 5 BTC, whereas medium-sized exchanges cost between 10 BTC and 50 BTC. Deposit fees: No fees are charged for making deposits. Lets look at some of the features of Hotbit exchange:-. THE BIG NEWS: They've just announced that the contracts are signed, and the fees are paid to be listed on HotBit exchange! We recommend you to stay away from this exchange. That's a good requirement because 2fa critically decreases the chances of being robbed. "@type": "Question", Many supported trading pairs All marketplaces for NFTs in one, easy to compare, list. Twitter Your patience is much appreciated. The potential user should provide an email address and set the password. "acceptedAnswer": { This exchange has been flagged as inactive. You can refer to theDeposit & Withdrawal Fees pageto check the minimum withdrawal amount and transaction fees of each cryptocurrency. The withdrawal fee is fixed at 170 hex! The process is a security measure to ensure that no unauthorized person can deposit or withdraw from your account. As per Coinmarketcap, as of 2019 October, the Hotbit trading platform has listed 547 trading pairs and ranked #3 compared with other exchanges regarding the number of cryptocurrency projects listed. There's no data that could confirm that Hotbit is not available in some countries. Exchanges Listing at : Hotbit, Bithumb Global, Binance, MXC, Coinmarketcap, CoinGecko Q1 2023. . A small number of transaction fees charged by the exchange are used to buy HTB in the open market by increasing demand. Some of them were already supported by Hotbit prior to listing on Binance, Huobi, and other top exchanges. 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. Like I said, if you think theres one that we should be talking to, we are likely already talking / talked to. One of the most beneficial features of this exchange is they list the tokens immediately. If the amount is too little, you wont be able to request a withdrawal. Because the exchanges themselves will advertise and tweet about listing $FX which is also marketing and each exchange usually have 100-500k followers. After this, you will hear back within a day. hotbit team made so many fake coins or tokens to be listed, Slow customer support. It permits the traders to use advanced indicators and trading tools to their advantage for maximizing profits and minimizing the risk. Some users are required to complete KYC in order to withdraw their funds. Hotbit exchange seems quite serious about security. We will not add markets that have trivial volume/activity. One of the common methods is through a support ticketing system. Hotbit is quite a young centralized cryptocurrency exchange with a wide range of supported digital assets. It is registered in Hong Kong, which means that it is fully regulated. . For example, LATOKEN supports a ERC20 SHIB token on ETHEREUM, while you sent a BEP20 SHIB token on BSC. There is a not a lot of information on the site about the company behind HotBit, just some brief information and some info about utilizing cold storage for customer funds. that's hotbit's game scheme to rob the customer's money. This year 2022, they took off with everyone's assets and only gave back 50%. The withdrawal fees vary from coin to coin and depend on the network fees and other factors. Exchange Listing Fees $5000 : LAToken Listing and Marketing Rank: 96 $5400 : Indoex Listing Rank: 123 Unknown Fees : Zebpay Rank: 62 $7000 : CoinTiger Listing and Marketing Rank: 149 $15000 : HotBit Listing Rank: 110 $20000 : WhiteBit Listing Rank: 94 Contact Information Links LAToken: LATOKEN Indoex: Indoex Digital Assets Exchange In this case, please check your recipients address and withdrawal network, and make sure that the information your input is correct. Same goes for deposit and lending rates. There's a Fund button in the top part of the website. It's free to sign up and bid on jobs. This chart has numerous options for customization, including the choice of a bar graph, candles, hollow candles, Heikin Ashi, line graph, or area. First, one needs to register. Because of the limited decimal digits with HAND tokens, makers do not pay transaction fees for this token, and takers pay a 0.2 percent fee to process the transaction. 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. Listing on a small exchange costs $8,000; a month of supporting fake . Hotbit offers a number of competitions, typically announcing them on the homepage and in the news section. The exchange promotes four things in particular as reasons to choose Hotbit as your trading platform. 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. 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. Hotbit Deposit Fees? Hotbit Withdrawal fees Also, there's a so-called "Lazy Mode" that allows exchanging the assets quickly but probably not for the best price. According to Hotbits review, Hotbit has more than 700,000 active and registered users, and it operates in many countries. We are already in discussion to list Qnode.Defi to Hotbit Exchange. Depositing on Hotbit is free of charges just like on many other centralized cryptocurrency exchanges. Hotbit withdrawal fees are dynamic, you will be charged according to the current network conditions. Also https://listing.help/ can be consulted for listing and fees consulting help for best offers. Hotbit trading fees is 0.05%for maker and taker is0.2%. 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). The exchange exists as a web-based platform that is available from any device at any time. Enter the authentication code you receive to finish setting up your account. The price of Hotbit (HTB) is $0.004014415628 today with a 24-hour trading volume of $229,837. Read on to find out more about this new veneration crypto exchange. Hotbit was founded in 2018 with the belief that digital assets are the future. When the trader uses Hotbit, they have various choices to deposit on the platform. At the time of writing, there were 28 supported cryptocurrencies listed on the fees page: BTC, ETH, ACAT, ATN, BOOL, BOX, BXX, EKO, ELF, EOS, EOSDAC, GVT, HAND, HOT, HTB, ICX, OMG, ONT, QASH, QUN, SPHTX, TCASH, THETA, TNB, TOMO, TRX, WICC, and ZIL. It help users manage their digital assets cross-chain with low latency and large capacit. Unfortunately, the link takes you to a page in Chinese, but the link to the form itself is in English and the website translation for the page is enough to understand the basics. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Hotbit provides a deposit address that should be used to fund the account. The exchange has also announced that they will soon (statement made on 14 May 2019) launch its function Option Trading. Hotbit exchange ranks as one of the best crypto coin exchanges regarding the number of cryptocurrencies traded on the platform. 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. Further, Hotbits exchange trading fee for takers is at par with the industry average. The below is a picture of the trading view at Hotbit: This platform has different trading fees for takers and makers, which is quite normal in the business. Also, note that you can only withdraw after 24 hours of depositing on the platform if you are a new user that just signed up. Then it demands a 0.2eth ransom by support desk, and ask users to wait 3 to 6 months to get their funds back. Only charging network fees is competitive. There are also PC terminals available, as well as mobile applications for better ease of use. Claim Mystery Box Worth Up To 500$ at Kucoin. Would you recommend then as a community that we do not focus our efforts any longer on exchanges? MATIC equivalent of $30 for tokens on POLYGON. We are pleased to announce that Hotbit's second round of "Voting for Listing" event has consummated successfully, with 49,800 users participated in the event and 270,000,000 votes voted in total. It allows the users to use ePay, where the trader needs to have an account with the service provider. Some customers have written poor reviews on the quality of customer service. Hotbit exchange has advanced charting tools and trading features. Since Hotbit is still a relatively new exchange, the website is not yet complete. Many coins use them. Sure we could potentially set up the channel but not knowing what the outcome is or what stage potential talks are is very difficult to work with in a Decentralized Marketing effort. Found a listing agency https://listing.help/, Used by meme coins for listing help. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism. Some other exchanges have a rebate system that provides discounts on fees or even rewards instead of fees for those who place limit orders. Contact Oliver@blockonomi.com, Blockonomi Copyright 2017 - 2022 Kooc Media Ltd. All rights reserved. 2017 - 2023 Coindoo ::: All Rights Reserved. Borrowing Interest Rate Introduction : The goal of the bank's incentive structure is . Registered in Hong Kong and Estonia, the exchange has offices in Shanghai and Taipei. Hotbit must pay these fees to miners to ensure that transactions are processed. Hotbit offers a different method to decrease trading fees one can do it via using HTB coins (Hotbit native token) to pay fees. The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. 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. This means that new crypto investors (i.e., those without any previous crypto holdings) cant trade here. Listing tokens fast is one of Hotbit's amazing features. 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 user can add some extra indicators to the candlestick graph. Hotbit is a legit crypto exchange, having several million users across various countries. They are a bunch of scammers. Several traders trading in cryptocurrency rely mostly on technical analysis to find the right edge in the market. In addition to the current exchanges we have I think we should concentrate on getting listed in Huobi, Gate.io, Coinbase, and most importantly Binance. Hotbit is constantly working to improve the exchange and is quickly adding cryptocurrencies to the list. When you go to the Exchange page of the Hotbit website, the default currency pair is ETH/BTC. Am I reading Hotbit notice correctly that we actually lose 20% transferring from a wallet to Hotbit exchange? Hotbit deposit fee is free for cryptocurrencies. 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. Page of the bank & # x27 ; s hotbit listing fee structure is not constitute investment advice and financial... Worth up to 500 $ at KuCoin up to 500 $ at KuCoin there 's no that... Withdrawal amount and transaction fees charged by the exchange exists as a community that we should be talking,! No data that could confirm that Hotbit is free of charges just like many. Set the password support desk, and other factors 5 BTC, whereas exchanges. On many other tools choices will be charged according to Hotbits Review, has... 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