Hotbit exchange is legit.

[cryptovigi]

I have read a lot of objections about HOTBIT Exchange here ... Personally I have been using it for 6 weeks and apart from tading I have already made deposits and withdrawals there several times. Except for 1 case (when it turned out that there is a problem with withdrawals of NYZO coins, which was officially announced and deposits and withdrawals were temporarily suspended), over a dozen withdrawals and deposits went completely smoothly and quickly so personally I have no objections to this exchange and I would not call it SCAM ...

[1714757071]

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[Bezobraznike]

I have read a lot of objections about HOTBIT Exchange here ... Personally I have been using it for 6 weeks and apart from tading I have already made deposits and withdrawals there several times. Except for 1 case (when it turned out that there is a problem with withdrawals of NYZO coins, which was officially announced and deposits and withdrawals were temporarily suspended), over a dozen withdrawals and deposits went completely smoothly and quickly so personally I have no objections to this exchange and I would not call it SCAM ...

   Thanks for the objective review, I appreciate that, as well as others I am sure. The reason I am interested in registering on
Hotbit is that one of the coins I have from bounty I participated in will be listed on Hotbit next month. I did my research
as you, and I saw many things about Hotbit as well, but your personal experience worth more than that. I will try Hotbit and
I hope I will have positive experience as you had!

[AthenaBanana]

I've used Hotbit exchange many times and I didn't have any problem on using their platform but for withdrawal fees are a little bit higher that's the only thing that's made me sad

[fourpiece]

Hotbit is legit cause ive traded there before and never experience problems when it comes in withdrawing, but the thing i dont like on hotbit is most of the project they list are pump and dump coins.

[Bitcoindumper]

hella wash trading some alts have no real volume but never had a problem with it

[superving]

hella wash trading some alts have no real volume but never had a problem with it

Thats the bad side of hotbit when trading on thier exchange wash trading, they will list a project then they pump it one day and dump on the second day and onwards. But when it comes to depositing, trading, withdraw, i cant say bad on them.

[X-ray]

Hotbit is legit cause ive traded there before and never experience problems when it comes in withdrawing, but the thing i dont like on hotbit is most of the project they list are pump and dump coins.

Depites of some legits reviews that have already written by the users and i just try to create an awareness if everyone should be careful with this exchange site. The fastest exchange site to list the crap coins on it.

It's just like how FLM was getting pumped more than 500000% and then dumped again to the bottom in a few hours later.

Too much crap coins in this exchange sites.

[Shallow]

Although Hotbit is kind of a good exchange which greatly helps new projects but sometimes, the use of trading bots makes the trading experience uneventful, wash trading seems to be the order of the day. Sometimes, on getting to the exchange and seeing the way low orders are placed, will make a trader wonder how long it will take him to sell a certain amount of tokens, maybe somepeople finds nothing wrong with it, but I don't find it worthwhile. Nevertheless, in terms of security, with the recent hack of Kucoin, it will still show that no exchange can be said to be secured or safe, just be security conscious at all times.

[josepontoferreira]

Fraud, theft, scammers, liers.
I was recently victim of fraud and theft by a company (exchange) that claims to be properly registered in Hong Kong and Estonia.


"Liisi Närep ******** 7 de setembro de 2020 às 10:56
Cc: Rahapesu ********@politsei.ee
Hello!
Thank you for your information. Hotbit is not registered in Estonia and does not have Estonian lisence.
Best regards,
Liisi Närep

Estonian Financial Intelligence Unit"


"Dear Sir/Madam,
Thank you for your email of 08/09/2020.
According to our Public Register of Licensed Persons and Registered Institutions, Hotbit Exchange is not licensed with or registered by the Securities and Futures Commission (SFC). Therefore, we have no information about this company.
We would like to bring to your attention that financial firms and individuals carrying on regulated activities in the securities, futures, and non-bank retail leveraged foreign exchange markets in Hong Kong are required to obtain licences or registration from the SFC, unless exemption applies.
Regards,
Licensing Department
Intermediaries Division
Securities and Futures Commission
54/F One Island East, 18 Westlands Road, Quarry Bay, Hong Kong
Tel: (852) 2231 1222 Fax: (852) 2501 0375"

[WalkerIVIV]

Fraud, theft, scammers, liers.
I was recently victim of fraud and theft by a company (exchange) that claims to be properly registered in Hong Kong and Estonia.


"Liisi Närep ******** 7 de setembro de 2020 às 10:56
Cc: Rahapesu ********@politsei.ee
Hello!
Thank you for your information. Hotbit is not registered in Estonia and does not have Estonian lisence.
Best regards,
Liisi Närep

Estonian Financial Intelligence Unit"


"Dear Sir/Madam,
Thank you for your email of 08/09/2020.
According to our Public Register of Licensed Persons and Registered Institutions, Hotbit Exchange is not licensed with or registered by the Securities and Futures Commission (SFC). Therefore, we have no information about this company.
We would like to bring to your attention that financial firms and individuals carrying on regulated activities in the securities, futures, and non-bank retail leveraged foreign exchange markets in Hong Kong are required to obtain licences or registration from the SFC, unless exemption applies.
Regards,
Licensing Department
Intermediaries Division
Securities and Futures Commission
54/F One Island East, 18 Westlands Road, Quarry Bay, Hong Kong
Tel: (852) 2231 1222 Fax: (852) 2501 0375"

I know this right now and it seems like this exchange site can be catagorized as a very high risk exchange site, mostly of tokens were traded on hotbit were scam tokens or coins.
This exchange site was also rushing to list any defi tokens to get the hype too.

That means hotbit was operating ilegally, right?

[pealr12]

Hotbit is a legit exchange because its already a year since i start trading on thier platform and never experience any problem. However due to the negative comments ive read about hotbit these days maybe i will stop for now trading on hotbit.

[Natalim]

Hotbit is a legit exchange because its already a year since i start trading on thier platform and never experience any problem. However due to the negative comments ive read about hotbit these days maybe i will stop for now trading on hotbit.

Things really changed, I look at their trading volume and they still have a decent numbers at $100 million per 24 hours.

https://coinmarketcap.com/exchanges/hotbit/

I have not traded in this exchange anymore for so long but my experience with the site is good, it's just that I prefer to trade in the most popular now that's why I focus my trade on Binance only, but maybe soon if I earn some bounty and get listed in this site, I could use my account again.

[tecracoin]

I have read a lot of objections about HOTBIT Exchange here ... Personally I have been using it for 6 weeks and apart from tading I have already made deposits and withdrawals there several times. Except for 1 case (when it turned out that there is a problem with withdrawals of NYZO coins, which was officially announced and deposits and withdrawals were temporarily suspended), over a dozen withdrawals and deposits went completely smoothly and quickly so personally I have no objections to this exchange and I would not call it SCAM ...

By the way, tomorrow TecraCoin will be listed on the HotBit exchange platform.
More information about our project you can find here https://tecra.space/

The starting price is 3.5$ !!!

Wish you all luck and good trading days

[tecracoin]

Hotbit is a legit exchange because its already a year since i start trading on thier platform and never experience any problem. However due to the negative comments ive read about hotbit these days maybe i will stop for now trading on hotbit.

Things really changed, I look at their trading volume and they still have a decent numbers at $100 million per 24 hours.

https://coinmarketcap.com/exchanges/hotbit/

I have not traded in this exchange anymore for so long but my experience with the site is good, it's just that I prefer to trade in the most popular now that's why I focus my trade on Binance only, but maybe soon if I earn some bounty and get listed in this site, I could use my account again.

Maybe you can restart trading on HotBit as to the appearance of new interesting projects on this platform

Tomorrow TecraCoin will be listed on Hotbit with the starting price of 3.5$ !!!

So consider come back:)

More information about our startups here -> https://tecra.space/news/introduction-to-tecra

[superving]

In my case were i recently trading on hotbit i would say its a legit exchange, i thought i need  to pass kyc just to make a withdrawal but i was wrong, and my withdrawal went smooth, they immediately process it.

[lifeOK]

In my case were i recently trading on hotbit i would say its a legit exchange, i thought i need  to pass kyc just to make a withdrawal but i was wrong, and my withdrawal went smooth, they immediately process it.

From my side work fine but not legal for US citizens, that's might know for US people. Make sure you're not going to ban after sometime before you're putting money into some random exchange. But, would be good to have a look on yourself, it's not good just rely other individual guys.

[noorman0]

Many startup projects fail to keep their prices because of the wrong choice of an exchange to start public trading. I've heard that hotbit's identity is still being questioned regarding their registered base and their office location. Hotbit address claimed is not recognized by local state authorities.

By the way, tomorrow TecraCoin will be listed on the HotBit exchange platform.
More information about our project you can find here https://tecra.space/

The starting price is 3.5$ !!!

Wish you all luck and good trading days

I heard a little about your project about 3 months ago and I think it's great, maybe your coins will be my next trading plan. After I found out that your first exchange was hotbit, I canceled my plan. It is unfortunate that Hotbit is your first choice which is one of the exchanges most avoided by the community considering some of the negative experiences people have shared on this forum.

[Psynthax]

In my case were i recently trading on hotbit i would say its a legit exchange, i thought i need  to pass kyc just to make a withdrawal but i was wrong, and my withdrawal went smooth, they immediately process it.

hotbit was giving a small limit for the account that didn't yet to do the verification. I often use this exchange site to trade. I have been using hotbit so many times and I never encounter a serious problem from there.
The support is also giving a very fast response on the telegram group too. Some people may suspect this exchange site is always listing the crap exchange but so far the service is good.
I don't feel doubt about this.

[SamboNZ]

Many startup projects fail to keep their prices because of the wrong choice of an exchange to start public trading. I've heard that hotbit's identity is still being questioned regarding their registered base and their office location. Hotbit address claimed is not recognized by local state authorities.

which makes them illegal because they aren't being regulated which explains their fake trading volume.
I even remember them spamming tg groups to trade in their exchange months ago made them very shady.

[Teraboy]

In my case were i recently trading on hotbit i would say its a legit exchange, i thought i need  to pass kyc just to make a withdrawal but i was wrong, and my withdrawal went smooth, they immediately process it.

The only problem with this exchange site was regularly listing the scam coins. I remember this exchange site has been listing the fake coin that was not yet even traded on the binance as the first exchange site who has been creating a cooperation with such project. It's a flamingo token.
I have been using this exchange site to trade a very small amounts of money regularly and everything is always going very smooth.