Everyone is looking for a good cryptocurrency trading exchange. In doing so, they need to keep various aspects such as chart features, trading pairs, trading fees, deposit methods, security, ease of use, and customer support. One of the best platforms that offers all the features listed above is Hotbit. This cryptocurrency exchange offers cutting-edge trading platforms for its global users.
What is Hotbit?
Hotbit exchange is one of the leading cryptocurrency exchanges founded in 2018 and offers advanced features, a mobile app and an intuitive user interface. This exchange has partnered with some popular blockchain technology industry partners such as Spark Pool, Mytoken, F2pool, HashQuark and Slow Mist to offer a safe, stable and feature-rich trading environment for traders and investors. Since its beginning, this cryptocurrency trading platform has gained more than 7 million active users registered on the platform from over 170 countries.
Is Hotbit Exchange Legal?
Hotbit is a legit crypto exchange with several million users in various countries. According to Coinmarketcap, it has become one of the largest and fastest growing exchanges in the world in terms of daily trading volume. Hotbit offers an internal review audit team that provides real-time, 24/7 online auditing for users’ assets.
This crypto exchange has partnered with the best audit teams in the cryptocurrency industry, such as Beosin and Slow Mist. This way, Hotbit checks for potential security issues and warnings before being manipulated.
Features of Hotbit Exchange
Let’s look at some of the features of the Hotbit exchange:
1. According to Hotbit’s review, Hotbit has more than 700,000 active and registered users and operates in many countries.
2. It focuses on the world’s most developing markets such as Japan, Russia, South Korea, Southeast Asian countries and Turkey.
3. This exchange platform has more users accumulated via telegram, Twitter, WeChat, Facebook and VK.
4. Users can execute a trade using over 200 crypto assets.
5. Users can trade ETFs using cryptocurrencies.
6. According to market review, Hotbit only offers spot trading and not margin trading. Hotbit exchange has advanced charting tools and trading features.
7. Hotbit trading platform offers a mobile trading app available on iOS and Android.
Hotbit exchange ranks as one of the best cryptocurrency exchanges in terms of the number of cryptocurrencies traded on the platform. More than $100 million in daily trading volume.
8. Hotbit has different trading fees for buyers and manufacturers, which is the norm in today’s trading business. Also, Hotbit’s currency exchange fee for buyers is the same as the industry average.
9. The Hotbit trading exchange includes trading pairs with many altcoins, several trading pairs with DeFi tokens and a number of coins combined with unique coins.
Hotbit Liquidity
Hotbit has been growing exponentially since its inception. In 2018, Hotbit ranked 47th with the highest 24-hour trading volume with $21 million, according to Coinmarketcap.
In November 2019, Hotbit moved up to 13th place last year, with a 24-hour trading volume of 1.0 billion USD.
During the pandemic in 2020, Hotbit ranked 6th and the trading volume rose to 2.3 billion USD, showing that there is no problem with high liquidity on this exchange.
Hotbit Mobile App
The Hotbit platform is available as iOS and Android apps and can be downloaded as an app for Android phones from the Google Play Store. However, iOS users need to download and install using the QR code linked to the website.
Hotbit Advantages
Investing with Hotbit
Hotbit investment, a division of Hotbit Group and popularly called Hotbank, is the best crypto asset management platform released in 2018. Hotbit employs a team of more than 30 hardworking and experienced professionals who strive to provide premium quality investment services to all clients worldwide.
Investing with Hotbit includes DeFi Mining, Quantitative Trading and Lending to POS. AUM Hotbank has raised over $400 million with over $30 million in prizes distributed. Crypto asset management related services are available to more than 100 institutional clients. Basically, Hotbit tries to reimburse its customers by offering the industry’s highest rates on well-known assets such as BTC, USDT and ETH, better than its competitors.
VIP users at Hotbit enjoy special privileges such as a customized crypto asset management program, a mining fund, and lower and exclusive transaction fee rates. VIP users also enjoy exclusive services such as V1 account manager, C-level executive meetings, exclusive crypto asset management reports, dedicated withdrawal channels, holiday bonuses and birthday treats.
ETF
ETFs or exchange-traded funds on Hotbit are a product that uses financial debt and derivatives to increase the return on a particular coin. It aims for a 5:1 ratio. For example, if a certain token increases by 1%, the 5x leveraged ETF will increase by 5%.
A leveraged ETF is a fund that is monitored by experienced financial teams responsible for maintaining and managing investment portfolios, thus allowing investors to build their fixed leverage investment portfolios without knowing the specific mechanisms. The advantages of Hotbit ETFs are:
Does not require margin balance. Users can trade ETFs such as Spot trading and all they need to trade is USDT in their Spot wallet.
Users can win or lose 5x. For example, if a trader is trading BTC1D5L and the value of BTC increases by 1%, the value of BTC1D5L increases by 5%. Conversely, if the value of BTC drops by 1%, the value of BTC1D5L drops by 5%.
There is no liquidation risk and users can hold their tokens for any period of time as their funds are never liquidated. If users lose their trades, they can sell whenever they want.
20% Discount Rate for Referral System
Hotbit has launched an invitation discount function where users can invite friends to sign up for a Hotbit account and receive a double commission. Tier 1 Invitations allow users to invite friends. For each transaction fee generated by the referrer, both parties can share a maximum of 60% of the transaction fee. Tier-2 Invitations give 15% of the transaction.
Note that users get a 20% Tier-1 discount rate if their HTB balance is less than 5000.
final thoughts
All in all, Hotbit is one of the popular cryptocurrency exchanges and it is growing exponentially. This platform can be considered if the trader wants to trade with a wide variety of altcoins as they offer various types of coins. One of the most useful features of this exchange is that they list tokens instantly.
This company also provides an extensive list of trading pairs and offers its users new digital assets and tokens. Although this platform does not have an affiliate program to encourage its users, we can say that it is a good platform that offers multi-currency support, reasonable transaction fees and high security when compared to other features.
It also instructs the user to provide two-factor authentication to protect their assets and trade on this platform.
Hotbit Links
Website: https://www.hotbit.io/
Twitter: https://twitter.com/Hotbit_news
Telegram Global Group: https://t.me/Hotbit_English
Telegram Announcement: https://t.me/Hotbit_announcements
Instagram: https://www.instagram.com/hotbit_official
Medium: https://medium.com/@hotbit
TikTok: https://www.tiktok.com/@hotbit_official