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Author Topic: Hotbit exchange, is it safe and good to trade here?  (Read 1341 times)
Cryptomiles1
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May 12, 2022, 08:47:46 AM
 #201

All users has their experience on every single exchange most especially Hotbit. You need to read their terms and conditions, withdrawal fees etc. I had little challenge with them back then with 2FA and which was very hard for me to handle though I moved my usdt and traded with a newly listed token over there, after buy token with higher price not up to 48 hrs the token I bought very high turns to zero (0) and I lost my funds.
So from my little investigation they mostly involved in pumping/dumping of token, you have to be very careful when operating with such tier exchange.
Lantind
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May 13, 2022, 10:09:51 AM
 #202

All users has their experience on every single exchange most especially Hotbit. You need to read their terms and conditions, withdrawal fees etc. I had little challenge with them back then with 2FA and which was very hard for me to handle though I moved my usdt and traded with a newly listed token over there, after buy token with higher price not up to 48 hrs the token I bought very high turns to zero (0) and I lost my funds.
So from my little investigation they mostly involved in pumping/dumping of token, you have to be very careful when operating with such tier exchange.
That's why I never buy new tokens listed on Hotbit except only use the exchange to sell the tokens I got from the bounty campaign because sometimes the tokens from the campaign are only listed on Hotbit and not anywhere else. And if for example it is on another exchange, then I will not immediately use Hotbit if the volume is the same.

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dunfida
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May 14, 2022, 08:48:51 PM
 #203

There are lots of exchange which we could make use and its been on top and reputable.
Binance and Kucoin.

Hotbit?
https://bitcointalk.org/index.php?topic=5313616.0
https://bitcointalk.org/index.php?topic=5333884.0

Better to change your path and stick with the good ones.

Takyeon
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May 27, 2022, 03:42:12 PM
 #204

Still better than Azbit and P2PB2B but not good if you are looking for a place to keep trading and selling coins, only use hotbit if the coin or token isn't listed on anywhere else, there is a good small exchange called CoinEX, I tho k it's the best of all smaller exchanges out there.
Rabi3
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June 06, 2022, 11:34:02 PM
 #205

So I realized that, recently, there are so many tokens getting listed on Hotbit.

Tried trading few times,

And I guess this exchange is a lot better than Bitforex or Digifinex (I mean these two WERE good.. but not anymore.. I think)

At least all my tokens are not gone in the wind and assets look safe.

But are the tokens on this exchange trustworthy? I don't wanna trade on SCAM exchanges.

Any experience with Hotbit, anyone?

i have used hotbit before and trading was smooth, deposits and withdrawls, same thing, but i once wanted to sell a token that started dumping and i had on the hotbit exchange, and i couldn't sell because the website was under maintenance so i had to wait several hours watching the token i had slowing going down and down and even when they said the maintenance will be done at a specific time, they weren't able to catch up with it they were and hour and a half late to fix it, even though it's not that bad overall but i recommend you find a replacement for it.

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June 08, 2022, 09:47:45 AM
 #206

Still better than Azbit and P2PB2B but not good if you are looking for a place to keep trading and selling coins, only use hotbit if the coin or token isn't listed on anywhere else, there is a good small exchange called CoinEX, I tho k it's the best of all smaller exchanges out there.
That's the safest mate , because  Hotbit seems to be facing many accusation nowadays and yes only if the coin is listed there? and if it will only be sold on that exchange then get it there but if you can prevent from using this? then best to do it that way.
Hotbit is not that safe exchange anymore comparing to 2016 when I was new in crypto and this is one of the popular exchange.

UmerIdrees
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June 12, 2022, 07:21:32 AM
 #207

Still better than Azbit and P2PB2B but not good if you are looking for a place to keep trading and selling coins, only use hotbit if the coin or token isn't listed on anywhere else, there is a good small exchange called CoinEX, I tho k it's the best of all smaller exchanges out there.
That's the safest mate , because  Hotbit seems to be facing many accusation nowadays and yes only if the coin is listed there? and if it will only be sold on that exchange then get it there but if you can prevent from using this? then best to do it that way.
Hotbit is not that safe exchange anymore comparing to 2016 when I was new in crypto and this is one of the popular exchange.

I also do not consider Hotbit a safe exchange. Yes, you can deposit money, buy any low cap coin which is not listed on big exchanges and move the coin/funds out of the exchange. Do not keep your coins and money in hotbit exchange for the long term. The exchange is not a scam at the moment but I stopped trusting the small exchanges after the hack/scam from cryptopia exchange where I lost too much money. Sad
We need to remain safe and never trust too much on exchanges.

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