Header banner
Revain logoHome Page
hotbit logo

Hotbit Review

59

·

Followers 3

·

Average

Revainrating 3.5 out of 5  
Rating 
3.3
Crypto Exchanges

View on AmazonView on ЯM

Description of Hotbit

Founded in 2018 and holding an Estonian MTR license, an American MSB license, an Australian AUSTRAC license, and a Canadian MSB license, Hotbit cryptocurrency exchange is known as a cryptocurrency trading platform that continues to develop and integrate various forms of businesses such as spot trading, financial derivatives, cryptocurrency investment, and DAPP into one platform. Currently, Hotbit’s company covers more than 210 countries and areas. Based on its globalized and unified strategies, Hotbit continues to focus on the world's emerging markets such as Russia, Turkey, and southeastern Asia markets. It was ranked one of the top 3 most welcomed exchanges by Russian media in 2019.

Reviews

Global ratings 59
  • 5
    7
  • 4
    19
  • 3
    16
  • 2
    4
  • 1
    13

Type of review

On April 29, 2021, Hotbit.io suspended all administrations to examine a genuine assault on a cryptographic money trade. Truth be told, the residents are said to have attempted to get into the hot totes of a trade that contained a little part of the purchaser's assets yet was not permitted by the interior frameworks. The aggressors, in any case, couldn't take the assets and figured out how to annihilate an inward data set containing data about clients, for example, telephone numbers, email…

Pros
  • Market size.
  • A significant exchange bunch.
  • Great interface.
  • Exchanging with a little form of one trade programming can be straightforward consistently.
  • There are many accomplice accomplices in a Hotbit trade.
Cons
  • Various robots on FB.
  • UIX isn't acceptable.
  • not advantageous.

Overall, I thought Hotbit would be a great exchange at first because of the multitude of coins/tokens. But it's built for Asians mainly. By the time you get the price information, you will already have waited for a while, and then when ordering it can take a VERY long time, especially with the only order type being limit. You will see the order prices changing in correlation with the price, but the price graph will hardly change. I hope they update this soon. I have used other US exchanges…

Pros
  • Tons of coins/tokens (probably the biggest exchange in the world): Bitscreener says it has 897 pairs and coingecko says it has 1150 pairs with some shooting up
  • The app and website, overall work alright.
  • You can zoom into the minute on the graphs.
Cons
  • Trading takes a lot of time as an American since the exchange is in Asia. I'm saying 5 to 15 minutes, minimum, for one order, and that's only if you put the right price in!
  • You will not be able to use any other trade order types besides limit!
  • When the price changes from your limit, it may just keep your money in that coin for a very long time!
  • Many of the coins are unused and volatile meaning that they could just drop on you any second.
  • You will see the price of the coin drop dramatically after you try to purchase it, probably only from your perspective of the market! Or the price increase when you're buying! They may have rigged the app/website to gather this money from you (or had extra legal fees to pay).

Revainrating 4 out of 5

Exchange with high volumes of trading pairs for users

_A fairly well-known Asian exchange for those who are interested in new coins. The number of pairs is huge, voting for the listing of new coins is periodically held, what no liquidity is present for most pairs. Of the advantages of this exchange: a huge number of trading pairs, there are more than 500 of them, a complete lack of verification, immediately after registration, you have access to the entire functionality of the exchange, no commission is taken for a deposit, a trading commission…

Pros
  • Good
Cons
  • No problems

Revainrating 3 out of 5

The exchange open to the most cryptocurrency trading

It is the world's most crypto-listed exchange with almost 1500 trading pairs, with a daily trading volume of over $ 100 million. I use this exchange to evaluate projects that have not been valued yet, and there are so many projects that have not proven themselves, I follow them. There are dozens of these projects on hotbit. has its own token. Apart from that, if you are a high investor, I do not recommend you to use it because the buyer and maker commissions in the market are quite high, so it…

Pros
  • hundreds of cryptocurrencies listed
Cons
  • Buyer seller commissions too high
  • few language support available
  • There are price differences on the purchase board
  • has recently become vulnerable to cyberattacks

Revainrating 3 out of 5

HOTBIT with extremely high transaction fees

I became a member of the HotBit exchange thanks to the recommendation of a close friend, but I wish I was not a member, I regret extremely high transaction fees, I used only 2 weeks I invested some crypto money to trade I used a little bit, bought and sold but I was able to withdraw only half of the cryptocurrency I deposited. the other half went to transaction fees. Of course, this crypto currency exchange has its good sides, it contains hundreds of cryptocurrencies. As a mobile user and a…

Pros
  • hundreds of cryptocurrencies
  • high security preferences
Cons
  • a support team where you can get a very late response
  • extremely high transaction fees

Revainrating 1 out of 5

Scam Exchange, Money never showed up in account

I deposited my money into hotbit Exchange, and it never showed up in my account, after checking the addresses and confirmed it had been sent I sent Emails to talk to the customer service, but all I got over and over again was automated response's that never made progress and would shut down any chance of a real conversation, I also notice the spread on the books in the exchange is unlike other exchanges, I believe that they dont even own most of the crypto thats showed on there exchange and is…

Pros
  • none
Cons
  • scam

Revainrating 1 out of 5

Low liquidity and high crypto withdrawal fees

-It is easy to use, everybody can greate an account. Other pros you read below. - less security and many hacker attacks in the past Other cons you can read below. You should only use hotbit to buy a guge amount of alts that are not available on other cex/dex and withdraw them to a hardware wallet to keep them safe. And only test buy coins you want to hodl (minimum until they are on other dex/cex where you can sell them later) The mobile app is not an apple store you habe to download it via b

Pros
  • many (new) coins available that are not available on other cex (often only on uniswap/pancakeswap)
Cons
  • crypto withdrawals very high fees Very low liquidity (not many coins of each sort available-> market orders could be very „expensive“ )

Revainrating 1 out of 5

They took my coins and dont want to give them back

They took my coins and dont want to give them back (i write with their support for more than a month now). I made 2 transfers to my correct hotbit wallet and only one of the transfers (much smaller amount) went through. I sent transaction links to the support that show everything clearly, its a simple error on their side and yet they do nothing to help, total scam. I will never send anything there again. User support responds quickly but does nothing to solve your problem ( as i wrote before, i

Pros
  • none
Cons
  • support does nothing to resolve a simple problem, even if you have solid proof of their mistake

Revainrating 4 out of 5

Hotbit is one of the newest cryptocurrency exchange

Hotbit is one of the newest cryptocurrency exchange platform. From my experience on using Hotbit is designed and layout is similar to that of binance, this exchange platform is a bit complex as it requires special training before one can understand fully how it works, but with the experience of trading on binance it will become easier. Hotbit is a Chinese cryptocurrencies exchange and has over 150 listed coins and its trade based on pairs. It has stable coin called USDT which is available as…

Pros
  • Has one of the newest listed coins
  • Trades on pairs
Cons
  • Is a bit complex for newbies

Revainrating 4 out of 5

Hotbit crypto-currency exchange review

Hotbit is a well-known exchange that has been functioning in the crypto market for a few years. Although it isn't particularly well-known or competitive in the market, it has provided excellent service to its consumers by offering a wide range of crypto coins and tokens from which to pick and trade. High market liquidity is given by artificial intelligence market makers who fulfill market standards. Like other exchange platforms, Hotbit offers active customer support services 24 hours a day…

Pros
  • Available for mobile devices with a high level of security.
  • Users receive active customer service.
  • Multiple crypto pairings are used to provide market liquidity.
Cons
  • Market with a lot of competition and superior service.

Revainrating 4 out of 5

HotBit is a popular cryptocurrency exchange

Hotbit is a cryptocurrency exchange that debuted in January 2018 and allows users to trade a variety of odd coins. Although there is no specific information regarding HotBit's registration location, this centralised cryptocurrency exchange is most likely based in China. HotBit is a crypto-to-crypto exchange that does not accept fiat currency. Traders are given a basic account with no leverage trading option. The competitive fees make up for it. Both makers and takers pay a 0.1 percent…

Pros
  • It is simple to use.
  • a number of different cryptocurrencies
  • Deposits and withdrawals are both quick.
Cons
  • With fiat, there is no market bargaining.

Revainrating 4 out of 5

Hotbit exchange and trading platform.

Hotbit is a trading platform that provides the purchase and promotion of various cryptocurrencies, assets and tokens. Hotbit is a global exchange covering almost every country in the world, sponsored by various vendors such as Myself. Generally, exchanges target a limited range of cryptocurrencies and the forks of specific cryptocurrencies. This great asset is no longer Hotbit. Hotbit offers a variety of cryptocurrencies and tokens to make change a preventive factor for every investor. Who…

Pros
  • Low transaction fee
  • Nice user interface
  • Its easy to use
  • Available on mobile app
Cons
  • Still no known cons till now

Revainrating 4 out of 5

Hotbit exchange - an exchange with high daily volume

The user interface of Hotbit Exchange is simple. It's simple to use and comprehend. Because this Exchange's website isn't mobile-friendly, they've created a mobile app for mobile users. Trading, Deposit and Withdrawal, and a kind of staking known as "Investment" are all available on the Exchange. Hotbit, in my opinion, has the most cryptocurrencies available for earning interest. At the time of writing this review, there are over 30 coins available to earn interest on. Overall, Hotbit is a good

Pros
  • To prevent unwanted access to the exchange, logging into Hotbit involves two types of protection.
  • Setting up cloud mining on this exchange is simple and straightforward, and it's a feature that only a few exchanges provide.
Cons
  • Its user interface does not have support for the Spanish language.

Revainrating 5 out of 5

HOTBIT A CRYPTOCURRENCY EXCHANGE WITH HOT FEATURES

Hotbit Trading is a Chinese cryptocurrency buying and selling company. This is a completely well-known change utilized by cryptocurrency investors and traders. To turn out to be a consumer, you may down load the app on Google Play Keep or Apple Keep consistent with your unique tool, or surely go to their on-line internet site and register. Regarding buying and selling Hotbit, the primary factor I need to mention is the appealing consumer interface, due to the fact the black and white shadeation

Pros
  • Hotbit trade has a great wide variety of cooperative partners.
  • With the cell app model of the trade, buying and selling may be carried out everywhere at whenever effortlessly.
  • Hotbit is a trade with excessive liquidity.
  • The customer support is to be had 24/7 and geared up to wait and rectify problems customers may also stumble upon at the trade.
  • The trade conducts a multinodular shape protection to make sure that belongings are secure and secure. As evidence of the excessive protection of the trade, it hasn't skilled any protection breach when you consider that its establishment.
  • Hotbit trade has an appealing consumer interface.
Cons
  • The one element the trade have to enhance on is the exorbitant expenses it prices for withdrawals.

Revainrating 4 out of 5

Hotbit is one of the top-rated crypto trading platform.

Hotbit is a trusted services and a trusted company. It has high liquidity and provides support for a small but significant number of cryptocurrencies. Furthermore, the dashboard is constantly up to date and includes several areas where users can view the volume of recent sales, the number of transactions completed in a day or a week, and evaluate the trading possibilities with purplish tokens. This exchange offers three distinct areas for measuring and assessing orders in a day when potential…

Pros
  • It's excellent and convenient to use the platform.
  • It contains several categories for orders offered.
  • They can function with ease because the system is constantly up to date.
  • The platform has plenty of liquidity.
Cons
  • Recently it loses its popularity for the hack.

The scene works and the trade is off-base. buy/trigger solicitations are not taken out on schedule. I can consistently suggest avoiding this stage. The round is said to have been enrolled in Estonia and Hong Kong, however no association has been enlisted in Estonia and Hong Kong under the name Hotbit. I can't help thinking about why nobody has whipped this page yet. Generously stay away. The Chinese are probably going to destroy clients all throughout the planet. Stay away! there could be no…

Pros
  • Simple to utilize
  • all day, every day client support
Cons
  • A few clients have archived their complaints over the computerized cash fiasco.

The scene works and the exchange is very wrong. purchase / trigger requests are not removed on time. I can unanimously recommend staying away from this stage. The round is said to have been registered in Estonia and Hong Kong, but no organization has been registered in Estonia and Hong Kong under the name Hotbit. I wonder why no one has whipped this page yet. Kindly stay away. The Chinese are likely to tear down customers around the world. Stay away! there is no other word, it needs to be…

Pros
  • Easy to use
  • 24/7 customer service
Cons
  • Several customers have documented their grievances over the digital currency disaster.

Revainrating 5 out of 5

The 3E's of this exchange to be follow

Is HOTBIT Safe? On April 29, 2021 Hotbit.io suspended all services to investigate a serious hack on its cryptocurrency exchange. According to reports, the attackers attempted to access the exchange’s hot wallets that store a small portion of customer's funds but were denied access by internal systems. While unsuccessful in stealing funds, the hackers were able to compromise an internal database which included user's information such as phone numbers, email addresses and portfolio information…

Pros
  • easy to verify.
  • easily accessible.
Cons
  • nothing

Revainrating 2 out of 5

HotBit, a trade with numerous challenges.

Hotbit is one of the expert stages for the trading of cryptographic forms of money and computerized resources that gives clients different business and business administrations with the principle monetary standards of the advanced market, for example, Bitcoin, Litecoin and Ethereum and another extraordinary assortment of ERC-20 monetary standards that They are available as the primary quality computerized monetary forms around the world, furnishing clients with different sorts of variety…

Pros
  • This trade stage has a wide assortment of cryptographic forms of money accessible.
  • Withdrawals and activities are done rapidly.
  • It's anything but a client support accessible 24 hours per day, 7 days per week.
Cons
  • A few clients have documented protests about digital currency misfortune.

Revainrating 4 out of 5

HotBit

Hotbit trade may be a Chinese cryptocurrency exchange. It is one of those trades that's very prevalent and used among cryptocurrency shippers and dealers. To gotten to be a client, you'll download the app on Google play store or on apple store agreeing to your particular gadget otherwise you can fair visit their online site and register. The to begin with thing I'll say about the Hotbit trade is the alluring client interface, since for me, the blend of green and white colors within the case of…

Pros
  • 24/7 customer service
  • security
Cons
  • nothing