Review on Hotbit by Sergio Daniel Delgado
Careful with Hotbit
We go from the good to the fatal of HotBit. In principle the exchange is presented on its website as "The world leader among cryptocurrency trading platforms" focusing on "Efficiency, Flexibility, Variety, stability and Security ", I repeat according to the website.
More than 500 cryptocurrencies and tokens are available on the platform, Bitcoin, Ethereum, EOS, Litecoin, Ripple, Ethereum Classic, bitcoin cash, Nexo, and many more.
HotBit presents its native token called HTB with a value of $ 0.002006
Regarding tariffs, the manufacturer's transaction fee is 0.05% and the borrower's 0.02%, which are considered relatively low fees.
That being said, I can focus on the downside of this exchange. I have limited myself to using it due to the multiple complaints of users in the different social networks, where it is said that the funds are blocked and that in some cases they cannot access their accounts. I also do not believe the liquidity data presented by HotBit since if I am looking for an exchange I will not choose to use one with such a bad reputation, so I doubt that it has the trading volume they claim to have. Anyway, I recommend looking for a better option to trade your cryptocurrencies, since this looks good and can work perfectly until you want to withdraw your assets and cannot, In short they will lose their money.
Pros
- Multiple cryptocurrencies available.
- Mobile app
Cons
- Multiple fraud complaints by failing to withdraw assets from the platform, HotBit social media is awash with negative comments and bad experiences from its own users.
- Offers false market volume numbers.
