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Review on Hotbit by Archi Samosa
They sell crypto they don't have. It's a scam. That's why people can't withdraw coins because they don't have it in the first place.
People need to avoid this exchange. It is a centralised exchange (CEX) and NOT a decentralised exchange (DEX). They do fractional trading... i.e. they will sell you coins that they DON'T have. For low volume coins they artificially drive the prices down to buy the coins, and re-sell them to customers ONLY once the prices go up in order to make a scammy profit hence why people constantly have problems withdrawing their coins... it's because Hotbit don't actually have it. It's like the hedge funds over shorting GME stocks that THEY DON'T OWN! Avoid this exchange at all costs.
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So if you're having problems withdrawing coins from this company, now you know why. They even manipulate market price within their exchange in order to achieve this. Please spread the word.
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Pros
- none
Cons
- scam
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Comments (1)
February 08, 2021
In my true opinion Cex platforms manipulate but not all of them Hotbit is my preferred choice because of low fees and low withdrawl value. Hotbit does had issues in the past but I never ever had any issue as I have trade almost every Coin with different variables and never has approached support in past 1 year. Tells the type of Exchange hotbit is.
