Hotbit exchange, is it safe and good to trade here? - page 10.

Jeger.Kiting

full member

Activity: 630

Merit: 102

Quote from: bitcoin-shark on October 25, 2021, 02:09:01 PM

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..

geegaw

hero member

Activity: 1316

Merit: 502

Quote from: otundebis on October 26, 2021, 09:12:01 AM

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

otundebis

full member

Activity: 630

Merit: 100

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!

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: mdzahed134 on October 26, 2021, 06:38:56 AM

Quote from: bitcoin-shark on October 25, 2021, 02:09:01 PM

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.

coinzzzpro

member

Activity: 644

Merit: 10

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.

mdzahed134

sr. member

Activity: 2226

Merit: 259

Buzz App - Spin wheel, farm rewards

Quote from: bitcoin-shark on October 25, 2021, 02:09:01 PM

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.

bitcoin-shark

hero member

Activity: 2968

Merit: 605

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

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

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.

Galley

member

Activity: 1274

Merit: 14

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.

mdzahed134

sr. member

Activity: 2226

Merit: 259

Buzz App - Spin wheel, farm rewards

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.

airdata

hero member

Activity: 1148

Merit: 501

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.

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

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

triat

sr. member

Activity: 1176

Merit: 282

Quote from: Jaered on October 25, 2021, 10:02:55 AM

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.

Teknisi88

full member

Activity: 1050

Merit: 104

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.

Jaered

jr. member

Activity: 840

Merit: 4

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

tbct_mt2

hero member

Activity: 2366

Merit: 838

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/

Bitbtc8

full member

Activity: 1148

Merit: 116

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

batang_bitcoin

hero member

Activity: 3080

Merit: 603

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.

btc_angela

hero member

Activity: 2660

Merit: 551

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.

_IRMAN

copper member

Activity: 1400

Merit: 103

Quote from: nicepotato10431 on October 24, 2021, 10:46:54 PM

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.

Topic: Hotbit exchange, is it safe and good to trade here? - page 10. (Read 1392 times)