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

[nicepotato10431]

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?

[TastyChillySauce00]

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)

Agreed, I have been using hotbit since 2019 and i never encounter a serious problem with it. I was also receiving regular passive income even with holding small amounts of USDT on my hotbit account. Bitforex and digifinex are well known as manipulated exchenge site. it doesn't have volume and all of trades happened on both were fake trades by bots. I have tried to use those exchange sites as well but hotbit was better than those exchange sites.

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

I should remind you that never try to put a lot of money on hotbit This is to prevent a bad thing to happen with you and your money.

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

There are lots of scam tokens on hotbit. You must be careful when choosing a token to trade on hotbit.

Any experience with Hotbit, anyone?

I have a long journey with this exchange site.

[joniboini]

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

Not sure how you can blame an exchange if the projects turned out to be a scam. I mean, sure, they might have some poor due diligence (or maybe none), but at the end of the day, the team of the project is the one who run the scam. As far as I can remember, 'scam exchange' usually refers to shady exchange who manipulates volume, employ shady TOS, etc.

That being said, just use Hotbit as your third or fourth choice, don't use it as your main exchange. If the tokens listed there don't exist on other reputable exchanges, there are high chances that it might be a bad project anyway.

[Cryptoababe]

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.

[aprilnot]

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)

I think these three exchanges have almost the same quality in terms of security, and trading volume. so there is nothing special about the three exchanges. so none of the best of them. not bad, but still not worthy to be used as a main choice.

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

Not all, because Hotbit is one of the exchanges with too easy to list tokens. so that means there are a lot of bad quality tokens there. so it is not recommended to use this exchange, because there are too many bad coins there.

[cryptoaddictchie]

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've used hotbit before, the exchange is legit, but there are also complained of being scam. But from my experience it's good but that was years ago never used that again since then.

All I can say is that they listed some of the tokens that are potential scam and rug meaning they can accommodate it as long as the project paid it.

[Bttzed03]

~
But are the tokens on this exchange trustworthy?

I stay away from Hotbit because this exchange is a dumping site for hyped tokens IMO. Like you said, many tokens are easily listed there and a lot of them pumps too but how many of them were able to sustain their volume? If I ever trade there one day (out of necessity), I would sell and get out as fast as I can.

[_IRMAN]

Any experience with Hotbit, anyone?

Hotbit is a good exchange, but not all tokens listed there are good. Many shitcoins are listed there, so don't let you trade the wrong coin / token.

[btc_angela]

It's really hard to answer your question mate, but a quick search in this community yields this result

[1] Hotbit exchange is legit.
[2] my problem with hotbit exchange.
[3] Hotbit exchange is Proven Scam.
[4] Stay Away from HOTBIT EXCHANGE
[5] You can lose your fund cheaply with HotBit

Personally, I haven't used Hotbit not even once, but I just want you to see the threads about and make up your own conclusion.

[batang_bitcoin]

Just a piece of advice.
If you have a token listed there and you're wanting to sell, sell right away so that you won't be feeling that worry if it's good to trade there or not.
You'll always get to see the division of suggestion of telling you to stay away from that exchange and those that have good experience trading there.

[Bitbtc8]

Hotbit is safe you have no problem, I've used this exchange more than 20-30 times already and I've never faced any type of issues but the warning is don't leave any coins or tokens on the exchange, once you trade or swap successfully just withdraw straight away

[tbct_mt2]

Hotbit crypto exchange shuts down for maintenance after attempted hack. Hotbit exchange was hacked in April, 6 months ago but they did came back shortly after a few weeks.

They also spent their resources to fix their code, improve security and in the progress, they are very transparent with public updates for community. They are legit exchange and their reaction after the hack shows that they are improving.

You can trust the exchange but don't store all your money on any exchange, not only on Hotbit. Not your keys, not your coins.

https://notyourkeys.org/

[Jaered]

Hotbit was one of the few centralized exchanges I used early in my crypto years, before I switched totally to decentralized exchanges(I don't even know how a cex looks like these days). I can pretty much say their services were okay, no snags, no reason to holler for help. Even when they had exploitation late last year or early this year, I still trusted them to bounce back, when many people thought they have exit scammed

[Teknisi88]

All exchangers have advantages and disadvantages.
It's good from hotbit, that's without having to verify the KYC account. Without the need to upload upload and selfies use identification cards. Just verify email and cellphone number, boom !! Can directly deposit and withdraw balance.
The disadvantage is because it does not need KYC, it can be used for money laundering and it is not impossible that someday it will trace the legal case. And based on the experience there had also been a hacking of hotbit servers so that they had a sudden repair for 14 days but managed to recover again and said the user balance was safe and fine.

[triat]

Hotbit was one of the few centralized exchanges I used early in my crypto years, before I switched totally to decentralized exchanges(I don't even know how a cex looks like these days). I can pretty much say their services were okay, no snags, no reason to holler for help. Even when they had exploitation late last year or early this year, I still trusted them to bounce back, when many people thought they have exit scammed

you cannot transfer more than $ 1000 to this exchange. At one time, I made a lot of transactions here, but I left this exchange just before it was hacked. And I don't trade on it anymore.

[piebeyb]

I also actively traded there before, but since they had such a long maintenance some time ago it made me worried and immediately transferred my funds to binance, so I haven't seen any progress of their exchange now, but I'm not saying hotbit exchange site is bad or not safe

[airdata]

Actually Hotbit is not a bad exchange, i use it from many times but only for emergency, i not use this exchange as crypto trading.
It is not a comfortable exchange as my opinion, becouse withdraw fees, minimum withdraw etc system. Some coins minimum withdraw and fees is huge, and also totally  i don’t trust this type exchange.                 

[mdzahed134]

I used this exchange from 2018 and still i didn’t see or face any major things. But Several months ago i have seen hotbit exchange hacked it’s confirmed through hotbit Twitter handle. Whatever, i like it’s easy accessible interface so i feel comfort to trade sometimes. It’s not top tier exchange but not bad, Another big advantages here you can trade, withdraw without KYC.

[Galley]

In my opinion, the Hotbit exchange is quite good for trading. This is certainly not Binance, but it is quite possible to sell the necessary coins on it, especially since there is a wide variety of them. I have been using it for a long time, and there were no complaints. I don't use it for trading, I just bought, sold, and withdrew.

[Bitstar_coin]

I have also use hotbit a couple of times to exchange some tokens, never had any issues with deposit or withdrawal, I agree am not a regular user but the few times I use them in the past, it was very smooth,
Although It seems their popularity has reduce so much unlike before, perhaps the arrival of new dex has shift the attention of many people it seems.