It offers real-time price tracking, allowing users to stay up-to-date with the latest cryptocurrency prices and make informed trading decisions. While Hotbit does not support fiat withdrawals, it does provide withdrawals for over 400 cryptocurrencies, each with varying fees depending on the blockchain. Users who prefer to buy crypto by depositing fiat currencies or through p2p will need to look elsewhere, as these options are not available on the platform. Overall, Hotbit’s varied options for purchasing cryptocurrencies provide a convenient and straightforward way for users to enter the crypto market. On the registration page, please enter your email address and then click the “Send” button, Hotbit will send a confirmation email to the email address you entered.
You may search for names of tokens you intend to buy and the available transaction pairs on the left-hand side. Take BTC for example, input the amount of the asset(s) you intend to withdraw and then input the wallet address you intend to withdraw your asset(s) to. After finishing the deposit process, users may check the progress of their deposit transaction(s) in the “Deposit History” section. Take BTC for example, you may choose to deposit your BTC by copying your deposit address or scanning the QR code. After finishing all processes of withdrawal, you may check the progress of your withdrawal transaction in the “Withdrawal History” section.
- The platform uses two-factor authentication, email authentication, anti-phishing codes, and login history to ensure that only authorized users can access their accounts.
- Overall, Hotbit is a dynamic and exciting exchange that is well worth checking out for cryptocurrency traders of all levels.
- We aim to fuse mainstream eCommerce and Gaming to the crypto world of NFTs and DeFi, on one seamless, unified platform.
While Hotbit does not yet offer proof of reserves, the exchange is making efforts to improve its transparency and security measures. Overall, Hotbit is a dynamic and exciting exchange that is well worth checking out for cryptocurrency traders of all levels. Legatus Global Pte Ltd is an entity that has obtained a regulatory exemption under the Payment Services Act (“PSA”) for digital payments token services.
Legatus Global is commissioned to handle the issuance of Mars Panda Token (MPT) as well as the KYC/AML during the private sales and distribution of tokens to private investors. Legatus Global is also handling the process for private sales and distribution. If you are registering via your phone, please input your country code and phone number as well as the SMS code that was sent to your phone after clicking the “send” button. Withdrawals of Bitcoin from Hotbit come with a 0.001 BTC fee, which may be considered relatively high compared to other exchanges. On the other hand, withdrawing ETH from Hotbit incurs a high 0.01 ETH withdrawa fee and 0.008 SOL for Solana. Overall, Hotbit’s focus on ease of use and quick signup process makes it an attractive option for those who are new to cryptocurrency and looking for a simple way to get started.
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After logging in to your account on Hotbit, click “Fund-Deposits” on the top right corner and you can deposit your assets into your personal account on Hotbit. The system will automatically generate an SMS Code and send it to your mobile number by text message. After receiving your SMS code by text message, please enter the code in “SMS Code” immediately and press “Finish”.
The signup process for Hotbit takes less than a minute, and users can connect their 2FA to deposit cryptocurrencies. Although Hotbit doesn’t support fiat deposits, it offers a variety of deposit methods for crypto, as well as the ability to purchase crypto with credit cards via third-party providers. The fees for buying and trading cryptocurrencies on Hotbit are reasonable, with competitive spot trading fees for makers and takers.
It also offers ETFs and earn products on USDT, BTC, ETH, and other altcoins. While the platform was hacked in 2021, no user funds were stolen, and Hotbit has since taken steps to improve its security measures even further. Hotbit offers advanced security features to protect user accounts and funds. The platform uses two-factor authentication, email authentication, anti-phishing codes, and login history to ensure that only authorized users can access their accounts. However, it is worth noting that KYC is mandatory for most exchanges, and users looking to use more advanced features have to go through the verification process. Without KYC verification, users on Hotbit can still deposit crypto, trade futures, and withdraw assets.
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We aim to fuse mainstream eCommerce and Gaming to the crypto world of NFTs and DeFi, on one seamless, unified platform. Deposit your asset(s) by choosing the type(s) of asset(s) you intend to deposit into your Hotbit account. After downloading the app, please log in to your Hotbit account and click Account-Security Settings to enable your Google Authenticator.
Hotbit allows for a maximum leverage of up to 100X on perpetual contracts, making it a great option for traders who are looking for high leverage and high risk. While the user experience may not be the best, the platform still delivers on its promise of providing a variety of products and features to its users. The user experience on Hotbit is not great with a somewhat basic and uninspiring interface. It does however makes up for it with a high average daily spot trading volume of over $140 million and a wide range of cryptocurrencies to choose from. Additionally, Hotbit stores the majority of its funds in multisig cold storage, ensuring that user assets are safe from potential hacks.
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Hotbit which was founded in 2017 and registered in Hong Kong is an up-and-coming cryptocurrency exchange that has quickly risen to prominence. With over 7 million registered users and support for over 400 cryptocurrencies, Hotbit is a serious contender in the world of digital asset trading. Hotbit’s mobile app is available for both Android and iOS devices, offering users a seamless and intuitive experience for buying, selling, and trading cryptocurrencies on-the-go. One of the unique features on Hotbit is its option to trade ETFs, which can be a great way for investors to diversify their portfolios. Additionally, Hotbit offers earn products on a variety of cryptocurrencies, allowing users to earn interest on their holdings. The app is designed with a user-friendly interface, making it easy for both beginners and experienced traders to navigate.
- Withdraw your asset(s) by choosing the type(s) of asset(s) you intend to withdraw from your Hotbit account.
- Hotbit offers advanced security features to protect user accounts and funds.
- Withdrawals of Bitcoin from Hotbit come with a 0.001 BTC fee, which may be considered relatively high compared to other exchanges.
- The system will automatically generate an SMS Code and send it to your mobile number by text message.
In conclusion, with over 7 million registered users and support for over 400 cryptocurrencies, Hotbit offers a diverse range of options for traders at all levels. While Hotbit may have some restrictions on user access in certain regions, it makes up for it with a focus on ease of use and a quick signup process without the need to KYC. The platform offers both spot and futures trading, demo trading, and the option to buy crypto with a card. Hotbit is a cryptocurrency exchange platform that allows users to deposit, trade futures, and withdraw assets without the need for KYC verification.
In addition to spot trading, Hotbit also supports the ability to buy crypto with a credit or debit card through third-party providers such as MoonPay, AlchemyPay, and Advcash. This option provides a convenient and easy way for users to purchase cryptocurrencies without the need for bank transfers or complicated payment methods. However, it’s important to note that the fees for buying crypto with a card range from 1.5% to 5%, depending on the coin being purchased and the provider used. One of the most common ways to buy crypto on the platform is through spot trading, which allows users to purchase cryptocurrencies at the current market price. Hotbit is quickly establishing itself as a reliable and trustworthy cryptocurrency exchange, with a strong presence in over 200 countries and a dedicated team of over 100 employees. Hotbit is a cryptocurrency exchange that offers both spot and futures trading, demo trading, and the option to buy crypto with a card.
Hotbit Signup & KYC
Please login to your email account, copy the verification code from the confirmation email and paste the verification code into the box below. After entering all the above information, please press “Register” and the link will redirect you to the login page. Tick “I agree the terms and policy” and click “Click to verify”, then press “Next”. When it comes to fiat deposits, Hotbit unfortunately doesn’t offer this option. However, they do provide a variety of deposit methods for crypto, as well as the ability to purchase crypto with credit cards via third-party providers.
Withdraw your asset(s) by choosing the type(s) of asset(s) you intend to withdraw from your Hotbit account. Visit Hotbit’s website at and press “Login” on the top right corner, the link will direct you to the login page. For Android users, please enter and search “Google authenticator” in the Google Play Store, download and install the app. For IOS users, please enter and search “Google authenticator” in the Apple App Store, download and install the app. After logging in to your account on Hotbit, click “Fund-Withdrawals” on the top right corner and you can withdraw your assets from your Hotbit account.