Hotbit exchange, is it safe and good to trade here?

[bitcoin-shark]

i heard about it but never tried it requires kyc to use? to deposit and to withdraw? what daily limits does it have? I see that in the ranking of coingecko he is in 57th place and he has a trust of 7 is to try

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[mdzahed134]

i heard about it but never tried it requires kyc to use? to deposit and to withdraw? what daily limits does it have? I see that in the ranking of coingecko he is in 57th place and he has a trust of 7 is to try

Hotbit doesn’t require to KYC to deposit and withdraw assets. I don’t see about Daily limit in withdrawal. Yeah, it has good ranking in Coingecko as well as in coinmarketcap ranking top 100. Most of the people using this exchange to trade or only sell bounty tokens but no one will go for deposit to big amount of money. 

[coinzzzpro]

I used to use this exchange for exchanges, but not trade permanently. So far all was well, but it is difficult to recommend unequivocally, it is not in the leaders now. If you want to trade, you must be identified (KYC) and not keep a lot of money there.

[ultrloa]

i heard about it but never tried it requires kyc to use? to deposit and to withdraw? what daily limits does it have? I see that in the ranking of coingecko he is in 57th place and he has a trust of 7 is to try

Yeah, it has good ranking in Coingecko as well as in coinmarketcap ranking top 100. Most of the people using this exchange to trade or only sell bounty tokens but no one will go for deposit to big amount of money. 

Don't trust the rankings given by some certain site even if we know how good the site placed them on good position since I think Hotbit got an issue in the past which they manipulate their own volume so never trust any of it. And also as you said many bounty hunters just go here to sell their earned tokens that's why its better to do this and never think about trading any huge amount since as of now many doesn't trust this exchange.

[otundebis]

I have read many complaints about users funds reducing or outrightly disappear on hotbit exchange.  I use the exchange when there is no alternative for trade I want to make.  I will advice that you do not trade big amount on the exchange and make sure you do not leave your coin on the exchange.  The coin that are in your wallet is truly the coin that belong to you!

[geegaw]

I have read many complaints about users funds reducing or outrightly disappear on hotbit exchange.  I use the exchange when there is no alternative for trade I want to make.  I will advice that you do not trade big amount on the exchange and make sure you do not leave your coin on the exchange.  The coin that are in your wallet is truly the coin that belong to you!

There are a lot of feedback tickets and complaints about investor accounts on exchanges, so a little complaint on hotbit exchanges is normal but after all, victims still receive satisfactory treatment and besides, some are also unable to properly substantiate errors in their accounts, based on such a situation, rating the exchange as a bad one probably isn't too fair. I don't use Hotbit too much but what I often see from them is excessive maintenance and some phenomenon is fake in value,, maybe this is a big minus from Hotbit exchange

[Jeger.Kiting]

i heard about it but never tried it requires kyc to use? to deposit and to withdraw? what daily limits does it have? I see that in the ranking of coingecko he is in 57th place and he has a trust of 7 is to try

Actually I'm not so sure about this exchange, if asked to do KYC it's a natural thing, but whether the security that the exchange has can be trusted / not, but here everyone doesn't want to take risks, in terms of trading, of course we put money which are large, so why don't we look for bigger exchanges like Binance or Bittrex, Poloniex, which have been trusted for a long time..

[BAGOBO]

I don’t recommended to Trust this exchange ranking or something like that. I know ranking isn’t everything an any exchange to trust because mostly exchanges manipulating their trading volume by using bot and a several poor quality exchanges ranks in top 50 in CMC that doesn’t menas those are trusted exchanges.

You will have to manually check to detect trading volume without using bots as exchange rankings are just a regular list sorted by overall daily trading volume calculation. I don't hold any long term coins on Hotbit because the reputation is not convincing in my opinion.

[Dr.Osh]

I have traded there several times, and so far it is quite safe. in fact, I just traded a few weeks ago, and maybe in the next few days, I might be trading there again. So far, I have never held my tokens or coins long term there. however, as far as I use it, it works pretty well.
once again, I never store tokens/coins there. although I say it's safe, but there are cases that there are people who have problems trading there.

[ivankoh]

I have never traded on hotbit, and most people here recommend against going there and they probably have many reasons or bad experiences with hotbit.  Most of my actions are done on Dex… except for p2p commands which are done on binance.  I love defi platforms more.  It was there that I really felt freedom.

Dex is getting better and EVM or cross-chain bridges are also convenient.  I believe it will really be the future of exchange

[mdgabrielzim]

I have an account on it and have never had any problems. Also, the times I needed help, they responded via email very quickly. About tokens, you have to create some filter because many that enter there are scams.

[Buntel168]

for me, choosing market exchanger just for sell my coin to make some profit and never to put a long time to hold my coin at there.

[BAGOBO]

Certainly. you cannot store any currencies here. Only fast purchase / sale and withdrawal of money. No more. Rating is such a thing, bots can catch up with volumes very quickly.

Bots will also not always work to catch up on volume on a daily basis, because the original volume is the result of a lot of demand and supply because that is what makes a coin often increase and stay in a good position.

To identify trading bots, access one of the coin trades to compare supply and demand with daily trading volume, if the trading volume is too high but the demand and buying is too low, it is certain that the trading bot plays a role in increasing daily volume, another alternative is to see the recent trading history.

[kopijos]

Hotbit has become one of the largest exchanges in the world.  a lot of big tokens are listed on hotbit and have a good trading volume, I experienced trading on hotbit and I saw that hotbit is very good and worth using for long term or short term trading.  besides that hotbit also has many advantages over the exchanges mentioned above

[Anonymous100]

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?

Based on my experience trading on the Hotbit exchange, I have never lost an asset. In fact, I always get a bonus every time they launch new coins according to the specified requirements. I think it's a safe and reliable exchange. Maybe if they experience problems, they immediately activate maintenance mode, so that the platform cannot be accessed by anyone.

[zonefloor]

The hotbit was hacked several times and then continued on its way. Nice volume available on the listed cryptocurrencies. They continue on their way by improving their platforms day by day. Mobile apps also work nicely. The only problem with mobile applications is that they constantly update their applications. This gets annoying after a while. Another problem is that there are many bots and these bots can cause scams. But apart from these, it is a reliable exchange platform.

[bitcoinsc]

I have 6 digits in hotbit right now. Doing defi farming yields. And eth n btc interest per day. It is risky af but interest is good also. Lots of money! Earning 15$ a day doing nothing! Just gotta trade if alt coins decide to crash lmao.

[dbc23]

Ive Been using Hotbit for more than 2 years now. Hotbit was once hacked and now they recover. So, i can say Hotbit is safer to trade on now, Because the team will have learnt from thier mistakes and will have tried to make the exchange more safe from hackers.

Hotbit isn't the only exchange that has ever been hacked. But since the could bounce back and @ op haven used the exchange for quite some time and has some level of satisfaction using the exchange shouldn't have any cause for alarm. The tokens listed might not be in the place of the exchange to decide if it's a scam or not. For all new tokens it's wise to set a profit target pull out as soon as possible while you sit back for a while to watch it's next moves

[AmoreJaz]

Ive Been using Hotbit for more than 2 years now. Hotbit was once hacked and now they recover. So, i can say Hotbit is safer to trade on now, Because the team will have learnt from thier mistakes and will have tried to make the exchange more safe from hackers.

Hotbit isn't the only exchange that has ever been hacked. But since the could bounce back and @ op haven used the exchange for quite some time and has some level of satisfaction using the exchange shouldn't have any cause for alarm. The tokens listed might not be in the place of the exchange to decide if it's a scam or not. For all new tokens it's wise to set a profit target pull out as soon as possible while you sit back for a while to watch it's next moves

also, the exchange is not responsible for each coin or token that will be listed on them. they won't know if the team will rug pull or not. as a trader, you should be the one checking up on the coin, not the exchange.
i had used hotbit before but that was a long time ago. no prob encountered. but of course, you should not store your funds in exchange, whether top or not.
this should be done for all exchange anyway. so once you finished your trading, get your funds out.

[tbct_mt2]

also, the exchange is not responsible for each coin or token that will be listed on them. they won't know if the team will rug pull or not.

They do their research before they list new coins or tokens and the top exchanges will be more careful with their investigation. However, we as investors or traders can not rely on them. Exchanges have risk with hack and their investigations can be inaccurate. Nothing is perfect with anybody or any exchange.

as a trader, you should be the one checking up on the coin, not the exchange.

Not only checking up process but also don't store your coins on exchanges for longer than what you need.
https://notyourkeys.org/

this should be done for all exchange anyway. so once you finished your trading, get your funds out.

Exactly. Smart money flows like that, they only deposit to exchanges when they need to take profit. If they buy coins but price is not good to take profit, they move their coins out. We see it with exchange inflow and outflow and big outflow consistently is one of good indicator of something good in eyes of investors.