Bitcoin Forum

I just want to know if they required KYC verification to increase the withdrawal limit? Just like binance?

I already account there before but I would like to use it again to sell some coins do they have a withdrawal limit?
If ever there is a limit how can I increase the withdrawal limit?

i already have an account on hotbit.io but until now i don't see any update that we need to do KYC?
i try to look at the FAQ but unfortunately there is no update for KYC
so i think they don't require you to do KYC for withdrawal and for the limit maybe you can ask it

Yeah, I tried to find their support page and search the KYC but it seems they don't require it.
The problem I don't know the withdrawal limit that is why I created this thread to know because I have a coin which keeps increasing listed on hotbit so if ever the price of this coin increase more than 1000% just like the other coin after the block halving before I will sell all coins to hotbit without thinking about withdrawal limit.

I have used hotbit and I don't really need KYC for withdrawals, if I am not mistaken the limit is $10,000 per day
I think it's quite big and enough

After reading their FAQ they don't ask for any IDs but their ToS says users above 18 only allowed to use their service so they might ask you for the national IDs any time if there is a need,and Also their terms may updated any time if their jurisdiction required KYC,so for now you are safe but in long term no one knows when things will get changed.

Is your coin only listed on hotbit? Like if you can transfer it to other site like binance that have a minimum of 2btc per day for withdrawal then transfer it. While you might save yourself from worrying.

Did you reach out to them? Better to reach them directly instead.

They listed all their terms and conditions on their home page itself so no need to contact them again,it may end up with few days of waiting time.OP is not a newbie so he might aware of no KYC for 2 btc withdrawal limit on binance.

from where you see that they had a limit of 10k $ withdrawal per day?
because i try to search the faq but there is no info about that

The coin listed on different exchanges like QBTC and Citex but it is not listed yet on Binance.
I don't want to exchange it with other exchanges that I mentioned above because I don't know those exchanges if it's legit or not but since I already have experience on hotbit exchange this is the only exchange that I know safe it is one of the top-ranking exchange these days.

They already replied but they said they don't require KYC they do not yet reply on the withdrawal limit it seems they don't have maximum withdrawal but when I tried to put a big amount in withdrawal it says that I exceeded the maximum withdrawal.

Limit withdraw Hotbit.io $ 10.000 USD .
If you want to ask another question please check this out before you ask https://help.hotbit.io/hc/en-us/sections/115001057013-FAQ-Frequently-Asked-Questions

thats odd . they have set a limit of 10kusd but they dont require a kyc ?  

the said amount might be only small to some huge traders or whale's and what if they already reach those limits ?  

its a big hassel for them to wait just to try and trade again so my only suggestion is that better if they can add kyc to atleast lift those limits and there will be no problem at all.  

If they have already reached that limit and they should wait until tomorrow to get another limit again. 10k is not so big as there was another exchange site just like crex24 which has been putting more than 30k as a daily withdrawal limit for non KYC participants. I guess in crex24 there was no KYC verification. People can send their money partially and so far there was no problem with hotbit as I'm still using it right now to trade some coins.

i already see the FAQ but i don't find any question related to the withdrawal limit,
it would be good if they add this question into their faq so everyone here can know about that

I am an old user on hotbit.io I have withdrawn above $ 1000 and I have never done KYC, while what I see there is no withdrawal limit seems to be that their site is free to do KYC or not, I also don't see where I should do KYC there, but during I trade there. I feel safe and free to trade there. There isn't even any withdrawal limit, just verify your phone number and it's easy

Never give your KYC to an exchange. Definitely not the crypto to ones. Perhaps if you need to draw fiat yes. Other then that no. It's really not needed. Its just excuses to stop you withdrawing bit insee they don't ask KYC so it should be fine to go ahead. Always send a small test amount to trade with and withdraw. This can save you a lot of hardship for the exchange is a scam.

I used to use Hotbit exchange but never did KYC verification but to increase the withdrawal limit it might be necessary because of the very large amount that you might withdraw.
Try asking Hotbit customer service for large withdrawals. Is it necessary not to do KYC?
If you sell a few coins still under thousands of dollars then I hope not to do any KYC.

Maybe hotbit has same rule with another exchanges. They will allowed daily withdrawly 2 bitcoin in a day without KYC. And if we want to withdraw above 2 bitcoin they will ask to passed kyc.  Its easy enough for us and not difficult to fullfilled this term.  Most of traders usually  use assets below this amount, and only whales that have more 2 bitcoin. Few people have it.


it depend to every person , if they affraid so dont do it.  But if we feel comfort and have Faith on it just do it.

really? i don't see any FAQ regarding KYC can you share the link?
or we need to send a ticket to support regarding KYC?

I cant able to see their FAQ yet when i do clicked up the link it shows block error message. Usually these kind of information can be read up on that section.
Just have a time on reading up things and usually if youre tending to increase your limits then you would really go for such KYC verification process.
Dont know if they do equal out with Binance when it comes to daily limit or much more.

Just a heads up for some hotbit threads.
https://bitcointalk.org/index.php?topic=5133472.0
https://bitcointalk.org/index.php?topic=5113530.0

A mix of positive but mostly on negative ones.

KYC certification is usually required for more formal exchanges. I think identity verification is very necessary to further improve the security of transactions and prevent hackers' attacks.

your answer is very different with the OP wants because he just ask if you want to withdraw on hotbit do you need to completed KYC?
so for the OP answer is you don't need KYC for withdraw on hotbit

You can check this exchange. According to experience, each exchange will verify the user's withdrawal limit based on identity, and this exchange is no exception.

I traded in Hotbit exchange several times, there was no restriction for withdrawal. You can withdraw your fund without KYC verification if your amount is less than 2 Bitcoin. As I will never deposit that high amount in Hotbit exchange so I did not bother to do KYC verification. But if you want to withdraw more than 2 Bitcoin at a day then you must have KYC verified.  So you can try it without hesitation.

Where you got such information's? i checked out hotbit FAQ there no information about daily withdrawal limit, how it's same with other exchanges i do not understand. If you register in hotbit no kyc it is rules, not written here for kyc verification is required if anyone try to withdraw up to 2 btc daily. You did't find any option in hotbit account about kyc.