Review on Hotbit by LUIS RIVERO R
exchange to be used with caution
I have used this exchange on a few occasions due to the bad reputation of the same, this supported by multiple tests in the network including it is possible to do one same monitoring of that, the problem lies in the transactions and daily volume, this is evidenced by people in various threads of reddit, medium and bitcointalk. also full post related to hotbit as a possible scam con. I do not recommend using it to make trading since it can have losses due to the slowness of your system and some errors thrown by the trading platform.
It is noteworthy that when I use it I do not generate any security problems and loss of funds, most of the problems that I get to have are related to the negotiation of assets in some cases.
Updated 5 years ago
Rating has not been changed
Currently it is possible to know many cases related to usability problems of this exchange.
In this sense if you have funds here the recommendation is to withdraw them or use another one with a better reputation.
According to various threads in reddit and other apps, the most common accusation is when withdrawing assets as they are blocked in the system and when making a request for support you are asked for an additional amount you must pay to solve your problem.
He is accused of inflating the volume of negotiation.
KEEP CAUTION WITH THIS EXCHANGE.
Updated 4 years ago
Rating changed from 2 to 1
Lately I have seen in different media that users report that their funds are blocked or they cannot access their accounts.
In general, they complain about the little response that is given to them, and they keep waiting.
I personally stopped using this exchange some time ago when it was impossible for me to buy at a reasonable price or sell at the market price since the transactions shown there do not match the actual orders. Use with caution.
Pros
- Easy to use interface
- The fees by negotiation are relatively low.
- Diversity of cryptocurrencies listed.
- It is possible to make purchases with the cell phone thanks to its application.
- Withdrawals and quick deposits.
Cons
- There are multiple data where it is stated that they inflate the volume of negotiation.
- Different reddit threads have negative comments.
- Retirement fees are high for some cryptocurrencies.
- Exchange is not popular in the market.
- It is not advisable to trade
- No market negotiation with fiat
New products
Comments (1)
July 21, 2020
When i first joined HotBit it was because a crypto token that was traded there only, so I was forced to join it, registered, verified my email, made everything perfect just to avoid anything that might happen with deposit or withdrawals. I was so skeptical to be honest, probably it's the first time to trade there & that it wasn't so famous, so i gave it a shot with a small deposit, trading & withdrawal & everything was fine.
