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

[FairUser]

It is ok but not perfect for exchange, I have been trading with it since 2018 and have not had any problems in use.
And apparently hotbit also doesn't need KYC, but the problem is trading bots and lots of shitcoins , the liquidity of many coins is not there.
Always research to be sure you are going to deposit money into it and also keep an eye on the amount that you can withdraw.

[JeWay]

It is ok but not perfect for exchange, I have been trading with it since 2018 and have not had any problems in use.
And apparently hotbit also doesn't need KYC, but the problem is trading bots and lots of shitcoins , the liquidity of many coins is not there.
Always research to be sure you are going to deposit money into it and also keep an eye on the amount that you can withdraw.

Hotbit's use case doesn't have a problem, but the exchange is still so lacking in features that it's still lagging behind the others, and I only use Hotbit to exchange my coins if they're not on another exchange and are just there

[iv4n]

I use Hotbit exchange a lot and have never encountered any issues, you don't have to worry. However there is one thing I don't like about this exchange, they have a lot of shitcoin listings.

Ignore their Shitcoin list and use the exchange only as necessary as it is also not against their policy and those who accept Shitcoins to be placed on their list also have their own reasons for this, so you don't need to think about it as long as its use is never problematic.

Hotbit shitcoin list is amazing! I used it before, while I had fun with some ICO's and alt investments, Hotbit is the exchange with early listings, so it was good for that purpose, to get out earlier! As I remember they had pretty high fees for BTC and ETH withdraws, it's why I didn't spend a lot of time there... I don't know the situation now, but probably they still have the highest withdraw fees around!

[Snappycoco]

I have been using it since 2020 and I've never encountered any red flags so far. As far as I know this exchange is quite good and has lots of volume too. Good exchange for new coins emerging the market. The one thing I observe but not in connection with scam flags is their listings of shitcoins. Most of them are useless that rallies hotbit this year. Nonetheless, 4star exchange for me.

[Japinat]

Read more about Hotbit in this thread. Hotbit exchange is legit. that was created in year 2019.

I have not used this exchange anymore but based on my last experience, the exchange is good, they process withdrawals instantly and they also have a good trading volume though not as good as the top exchanges.

[TopTort777]

While discussing about how good or bad Hotbix exchange is, always remember that half a year ago it was hacked. Nearly 2 million users data leaked and the webpage was under maintenance for two weeks. They claim that not a single user suffered money loss. But users funds were frozen for two weeks. And compare it to other exchange hacks. Some got hacked and dont recover, some got hacked, but continue work if not the next day, then in a couple of days.

[Sayeds56]

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 been using this exchange since more than 3 years and I mostly use its trading platform to deposit and sell my tokens which I receive from Airdrops and Bounty campaigns and they are most of the quickly get listed on Hotbit. The transaction and withdrawal fees are comparatively highly and I didn't find their platform attractive for trading when you compare it with Binance and Kukoin because their volumes are very low.

[imamusma]

I have been using this exchange since more than 3 years and I mostly use its trading platform to deposit and sell my tokens which I receive from Airdrops and Bounty campaigns and they are most of the quickly get listed on Hotbit. The transaction and withdrawal fees are comparatively highly and I didn't find their platform attractive for trading when you compare it with Binance and Kukoin because their volumes are very low.

I even very rarely use it when the BSC has started to be chosen by new project developers at this time, in the past I also didn't use it often if the tokens I had were listed on two or more exchanges, one of which was Hotbit, because after I created an account My hotbit sees this exchange very different from the others and I don't like it so much that I only use it when I need to, not everyday like I use Binance.

[Semar Mesem]

I often use hotbit to trade new coins or tokens, I know hotbit almost 4 years and I think hotbit is a good and safe exchange, they implement KYC for security and increase the limit when withdrawing.

[domoy77]

I often use hotbit to trade new coins or tokens, I know hotbit almost 4 years and I think hotbit is a good and safe exchange, they implement KYC for security and increase the limit when withdrawing.

Well it's not just limited to KYC implementation and withdrawal limits as it's also on all other exchanges, but the good thing is it's on the coin list there and also the amount of volume there as well as withdrawal limits which are much bigger than other exchanges make the judgment of some people go bad for Hotbit.

[0verseer]

I say they were an okay exchange, started around the time of Binance exchange become popular ~2017-2018 so they try hard to be another Binance. I did a few trades and withraw altcoins at there too and so far, my experience with the site has zero hiccups yet. They also have a good amount of trading volumes too.

[maydna]

I have used Hotbit for some time, and I do not have a problem. Hotbit uses a standard verification, and I think Hotbit can be a good exchange in the future as they are trying to serve better for their members. But you need to research more to find if Hotbit is one of the exchanges you want because we will have different things about Hotbit. If you feel comfortable using Hotbit, you can use it for more and trade on that Hotbit.

[BayAngelo]

yes it is safe and 100% save to trade on hotbit but do not leave huge amount of funds in there. also, I use that platform to trade shit coins. must shitcoins that I have are been dumped on hotbit. i see it as a hunting ground for pump and dump groups. it is safe and you can use but be sure that centralized exchanges are a target for hackers. Do your own research.

[lamnsdon]

I used the hotbit exchanger myself 3 years ago. I don't think this exchanger is of good quality. This is because most of the tokens in the hotbit exchanger are later scammed and the volume on this exchanger is much lower.

[Dewiana]

if we look at the market today there are more and more signs that hotbit coins are good and become future assets, but even though
So let's not be careless for that because not everything under hotbit is good

[haenko.near]

I literally last week had my first experience with this exchange. A coin that I bought for deh was floated there. The deposit of this omenet came within 20 minutes, but the withdrawal was opened after 4 days, which strained me a little, because I did not want to sell all the coins. But in the end I got everything, and everything was successful, without any loss of funds.
Of the advantages of the exchange:
-Cool coin listings
- User-friendly interface
Cons:
-Large commissions for trading and withdrawal.
-No new coins are issued for a long time.

[GaxviiBuss]

My dealing with hotbit is not that much, but what  believe and suggest is that don't leave your coin too long on exchange, however Hotbit has good reputation ever since have been using it, my friends and my mentor has never complained about it it it before.

[ameliana]

As long as I use a Hotbit account to trade so far it is still very safe and I need to know that with so many tokens with new projects coming to the exchange, we have to be more careful in choosing tokens in the market because the trading volume of these tokens is so small that if we buy it very risky.
But if we make transactions with good tokens it seems safe enough to make transactions there.

[arditiyan]

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?

in an exchange there must be a token that is a scam.  but the scam will usually be seen after some time to come.  my advice if you are an active user of the exchange always analyze your chosen token well so you don't experience mistakes in the selection and get stuck in a loss

[FairUser]

It is ok but not perfect for exchange, I have been trading with it since 2018 and have not had any problems in use.
And apparently hotbit also doesn't need KYC, but the problem is trading bots and lots of shitcoins , the liquidity of many coins is not there.
Always research to be sure you are going to deposit money into it and also keep an eye on the amount that you can withdraw.

Hotbit's use case doesn't have a problem, but the exchange is still so lacking in features that it's still lagging behind the others, and I only use Hotbit to exchange my coins if they're not on another exchange and are just there

no problem!!!
This market is always like that, if everything goes according to our wishes, we are no longer who we are.
The point that I find most interesting is that they know how to accept new platforms, even though it doesn't mean much after that.