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

[abralzain17]

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 am using hotbit exchange from 3,4 years. It is a very secure and reliable exchange. Daily trading volume is also good in this exchange. I prefer you to use this exchange for trading.  There are many  new strong project that comes in market list their coin on hotbit. So, overall its a good exchange for trading and holding assets

[gabbie2010]

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.

yes, we have to be careful in using cryptocurrency exchanges. There are several things that we must pay attention to so that we don't make the wrong choice in buying altcoins on exchanges that often have fake coins. We have to compare with other markets for our consideration before buying altcoins.
I agree with you that we should use several exchanges to find information about the coins we are going to buy so that we can avoid fake coins.

I think the OP should thoroughly reviews all the comments by Hotshot exchange users to take a decisive action to avoid falling victim of any scam exchange and if the OP is not convinced enough with those reviews, transfer those tokens to the exchange after listing do KYC if mandatory trade them off and send those coins to other reputable and trusted exchanges, there are few of them, personally I had been using Binance for trading for a long time without any issue, crypto market has many unreliable and untrusted exchanges that fake daily volume traded.

[alpamar99]

I've traded on Hotbit several times and had no problems, I think that withdrawals are faster, which is around 1 hour, and the many contests on Hotbit of course make me come back again to trade on Hotbit.

In terms of withdrawal, it still really depends on what coin you are withdrawing, because some are only 15 minutes into the wallet because each coin has a different confirmation limit in terms of transactions.

this may be true because indeed I also make frequent withdrawals and it really depends on what coin I'm withdrawing.
For example, for BGL coins, it only took me about 10 minutes to make a withdrawal there and each coin has a difference in the duration of the withdrawal.
and I think when you make a withdrawal for a relatively long time, there's either a problem with the withdrawal or it really depends on what coin you're withdrawing.

[ScamViruS]

In order to use any exchange, it is very important to gather detailed information about that exchange. Because later on, if you face any big problem due to your own misunderstanding, then you may be deprived of getting maximum support. Hotbit Exchange has been used by many traders and is being reviewed here, so you may understand user experience. But there are some limitations to providing their services worldwide that a trader needs to know.

[trauchot]

I have been using Hotbit for a very long time and during this time I have not had any problems with this exchange, and I still use this exchange, but unfortunately Hotbit has now turned into something incomprehensible, because on this exchange there are very cheap token listings and in general liquidity on this exchange is very low, so if you will choose this cryptocurrency exchange for cryptocurrency trading, then it will be a big mistake, since I already think that Hotbit is about on the same level as P2PB2B, and I think Hotbit will fall even lower soon, therefore, I am becoming more and more afraid of using Hotbit, but sometimes I still have to use Hotbit to sell various tokens that are trading only on this exchange.

[K4C]

I said about this thing so i simply said that its a very great exchange and next one thing is that many people an this time support and use this wonderful project.
Hotbit is a very secure and safe exchange to anyone want to use this exchange i simple said that its a great project so anyone use .

[oemar bakrie]

I think it's safer with a market where a lot of people make transactions in it like Kucoin or Binance which is currently the benchmark in any project about crypto.
.but for hotbit I have transacted there and there is no control at all even though it takes a little while to transact..
.and my digifinex twice at that time I sold alpacar tokens, but after that the tokens were locked and tried to sell wpp and smoothly there were no problems, so all markets are actually safe depending on which tokens we have in which market so we can sell...

[kaka manteng]

Hotbit is well known for their continuous improvement and improvement, continuous improvement leading to cessation of trading activity and withdrawal of funds can result in serious loss of profits or feel persecuted by the market. I trade a little there, most of the time, I withdraw my funds when I can or not at the right time.

[rmhuntley]

Hotbit is the most faster coin withdrawing using BSC network, not use for other network when withdrawing how faster is it. Every day I use usdt bsc for withdrawing on Hotbit just take few second only my withdrawing completed, I use all exchange from Binance, kucoin, MEXC, Lbank but only Hotbis as most faster withdrawing process, Binance take more than 5 minutes and some time need waiting 30 minutes our withdrawing completed but using Hotbit just under one minutes withdraw have completed.

[bonyaserg]

I have been using the Hotbit exchange for a long time now to exchange and sell tokens. And in my opinion, the exchange is very in demand in the cryptocurrency market. Since the exchange always conducts transactions without any problems without delay. I believe that the exchange can be used and advised to anyone who is looking for a safe sale of tokens.

[rahmad2nd]

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 am using hotbit exchange from 3,4 years. It is a very secure and reliable exchange. Daily trading volume is also good in this exchange. I prefer you to use this exchange for trading.  There are many  new strong project that comes in market list their coin on hotbit. So, overall its a good exchange for trading and holding assets

I think depend with coin do you trade for volume trading in Hotbit because not all coin have good volume trading there, if shit coin or small altcoin have lower volume trading transaction and I think is not worth with trade less volume trading coin. But I applause with withdrawing process in Hotbit as faster exchange using bsc network you can try without one minutes your transaction have completed, beside Binance and Kucoin take five minutes for withdrawing completed and transaction with internal transfer take five minute not with other exchange withdrawing.

[masterrex]

IMO, based on my experiences while using Hotbit it is a good and legit cryptocurrency exchange because I was using it many times already deposit and withdrawal is fast, and so far I have not encountered any problem while using it so in fairness to Hotbit Ill give it a neutral score base on my own experience.

[Mehedi72]

I also noticed that, so many altcoin are get listed on hotbit! I heard about this exchange before but haven’t saw any bad experience from anyone! I haven’t used hotbit for long but recently i registration on hotbit for selling unknown token, all was okey but i found it has server issue, thats why sometime withdraw option not working and some futures of this exchange, fail to loading properly but Over all okey

[sayaya17]

I also noticed that, so many altcoin are get listed on hotbit! I heard about this exchange before but haven’t saw any bad experience from anyone! I haven’t used hotbit for long but recently i registration on hotbit for selling unknown token, all was okey but i found it has server issue, thats why sometime withdraw option not working and some futures of this exchange, fail to loading properly but Over all okey

Yeah I have also experienced server problems and that makes there features do not work properly. Maybe there are obstacles to my internet network problems because it only happens for a short time and the problem is quickly resolved. So I think Hotbit is safe as long as I use it as a trading exchange.

[Fivestar4everMVP]

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 traded on hotbit alot of times and sincerely, it's a shitty exchange if am asked, one is that there is no liquidity on the exchange, it's one of worst exchange to trade altcoins, alot of fake trades and fake orders by bot.
Not to say that digifinex is nice but I think digifinex is better when compare to hotbit, I can only trade on hotbit exchange if the coin am trading is not listed anywhere else, or if other exchanges trading the coin are worster than hotbit.

[JahriMeayer]

It has but the weak point is, recently most of shitcoins choice hotbit for listing & most of those recent listing shitcoins create hype by bot trading and then got disappeared for lack of liquidity & real traders

indeed there are fast deposits / withdrawals But the main thing is not to store cryptocurrencies there, Otherwise, you can be left with nothing.

That's right. their deposits & withdrawals are impressive but hotbit Isn't a good place for store or trading coins cause i notice, they try to survive their coin by bot trading. No order but continuously buy-sell are ongoing.

[laredo7mm]

It has but the weak point is, recently most of shitcoins choice hotbit for listing & most of those recent listing shitcoins create hype by bot trading and then got disappeared for lack of liquidity & real traders

indeed there are fast deposits / withdrawals But the main thing is not to store cryptocurrencies there, Otherwise, you can be left with nothing.

That's right. their deposits & withdrawals are impressive but hotbit Isn't a good place for store or trading coins cause i notice, they try to survive their coin by bot trading. No order but continuously buy-sell are ongoing.

There are some other exchanges too that are also promoting shit projects. You check Latoken, Bitforex, Probit, Coinsbit, whitebit, P2PB2B, and some similar exchange then you will see this exchange has extremely low volume and all the top project listed there has a big spread. Those exchanges are not ideal for daily trading and all the shit project listed there shows enormous amounts of volume with a very small buy order.

[Iranus]

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I've traded on hotbit alot of times and sincerely, it's a shitty exchange if am asked, one is that there is no liquidity on the exchange, it's one of worst exchange to trade altcoins, alot of fake trades and fake orders by bot.
Not to say that digifinex is nice but I think digifinex is better when compare to hotbit, I can only trade on hotbit exchange if the coin am trading is not listed anywhere else, or if other exchanges trading the coin are worster than hotbit.

Hotbit is an old exchange, I used it to liquidate some staked tokens. Personally, I don't refer anyone to use Hotbit nor digifinex, both of them are functional but no one knows when it will go sleep.

You could use such types of low-rated exchanges for short terms to sell your Bounties or native tokens, But not use those as your main exchange to do online trade.
Better you could go throw Bitfinex, Binance, Bittrex, Coinbase to do trade.

here you will get top rated exchanges with their daily volume chart: https://coinmarketcap.com/rankings/exchanges/

[taufik0911]

Hotbit is not a scam exchange but there are lots of shitcoins on Hotbit because at Hotbit we can list tokens easily just by paying a low fee
Hotbit is safe, I only made a few transactions on hotbit for a few coins that haven't been listed on popular exchanges
in my opinion the best exchange for cryptocurrency right now is binance
it's just a recommendation

[Saisher]

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

Any experience with Hotbit, anyone?

Don't rely on exchange when it comes to the potential of the coins or tokens, exchanges will delist tokens that are not performing well in the market, it's better to look at every token or coin that you want to trade, Hotbit is a good exchange I have traded a lot of coins and tokens and I have no issue, although in the past their text confirmation always arrives late, they already fix it, based on my last transaction.