Hotbit was launched in 2017 and the full trading and investment beta was released in 2018. At the moment, the exchange offers swaps and ETF solutions for crypto (over 1300) and crypto-fiat pairs (over 1800). Bitcoins, the most popular altcoins and dozens of other crypto coins are traded on the platform. The pool of cryptocurrency assets is constantly growing. The fiat currencies the exchange deals with include the Chinese yuan, the US dollar, the South Korean won, the Thai baht, the Japanese yen, the euro, and the Taiwan dollar.
The Hotbit trading platform has developed its own business incubator for blockchain projects, which ensures the attraction of large partners and investors, as well as large trading volumes (on average, 300 – 350 million dollars per day). Demo accounts and tutorials are not yet available.
Key trading and functional characteristics
- Trading platform: developed on the basis of “TradingView” for web trading; plus mobile version (iOS)
- Accounts: Standard
- Account currency: cryptocurrencies, Chinese yuan, US dollar, South Korean won, Thai baht, Japanese yen, euro, Taiwan dollar.
- Deposit / withdrawal: bank cards and accounts, electronic and cryptocurrency wallets
- Minimum deposit: $ 1
- Leverage: 1: 1
- PAMM accounts: No
- Minimum order: from 0.1 dollar
- Spread: up to 0.2% (depends on the amount of the trade order) < / li>
- Instruments: cryptocurrencies, fiat currencies.
- “Margin Call / Stop Out” option: Not yet available
- Liquidity provider: No
- Mobile commerce: Available
- Affiliate program: No
- Contests and bonuses: Available
- Registration address – Shanghai, China
- Official site – www.hotbit.io
Exchange commissions and fees
Нotbit exchange charges commission and fees for all trading operations. The fees are fixed. For the seller, this is no more than 0.05%; for the buyer – 0.2%. Please note that under certain circumstances, the commission for the seller may be 0.3% or 0.5%, and the buyer’s commission – 0.45% or 0.65%. This applies primarily to those traders and investors who use staking or crypto-landing options (mutual credit schemes).
Hotbit Exchange does not charge any fees for depositing any cryptocurrency or fiat currency. However, there is a withdrawal fee. Its value is 0.001 BTC or the equivalent in the withdrawal currency.
More information about the Hotbit cryptocurrency exchange can be found in the blog https://bitoch.com/.
Attention! There are restrictions on the minimum withdrawal, they differ depending on the asset, but do not affect the channel or withdrawal method. For example, a user can withdraw bitcoins in the amount of at least 0.002 BTC (or fiat in the equivalent).
Summary . Hotbit exchange, overview which was given above, offers favorable conditions for trading cryptocurrencies and tokens. There are many crypto-to-crypto and crypto-fiat pairs for swaps and ETFs. No leverage is provided, which significantly limits the risks for novice crypto traders. In addition, the trading platform provides 5 investment solutions, including loans (landing), staking and De-Fi – projects.
Commissions are fixed, so they are lower than the market average. Considering all these facts, as well as the fact that Нotbit reviews about which in most cases they have a positive connotation in traders’ social networks – this exchange can be fully recommended for cooperation.