Hotbit exchange, is it safe and good to trade here? - page 5.

Alanaz

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Activity: 980

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Quote from: topbitcoin on November 27, 2021, 04:41:01 PM

I don't have any problem using Hotbit until now, but there are exchanges that i use to trade and then exchange that only listed coins that i want to sell. For daily trading or regular trading i choose bigger market. Not means that Hotbit is bad, but that is my choice. If about safety, i think there are no problem yet with hotbit when i use it.

not using it doesn't mean the exchange is bad, hotbit is indeed the one that I use and it's actually quite simple to use there.
but i agree with you their security is quite good but indeed because of the many exchanges at this time maybe hotbit is one that is on the list is good enough to use

Pejoh Asu

sr. member

Activity: 1484

Merit: 254

I've been using hotbit since 3 years ago and have completed KYC, and have often traded on hotbit, as long as I used hotbit I didn't encounter any problems when depositing or withdrawing, and I think hotbit is a trusted exchange.

iv4n

legendary

Activity: 3122

Merit: 1171

Quote from: EmmaGod on December 09, 2021, 10:01:00 AM

I have an account with hotbit exchange and I personally haven't lost any of my funds on the exchange, but I would advise you don't store substantial amounts on the exchange. If it's possible to only have what you want to trade on the exchange, it would be much better. The exchange has a lot of tokens which are not to be trusted, I'll advise you thread softly.

Same thing here, I am using Hotbit for years I think and I never had any problems... I don't store there anything as I do on some other exchanges, I only use it to get in and out of some coins/tokens that are listed there! For example, the other day I had some BFG for selling, Hotbit was one of the places where BFG is listed, and I think the best place of all others. So I got in and out without any issues, I can even say pretty fast USDT withdraws, and we can choose many chains, I went with TRX just 1 USDT fee... on ETH it was $30!

Olayinka2225

jr. member

Activity: 72

Merit: 1

I don't really feel alright with hotbit, many time when you have coin that's mooning on their exchange, the next thing you see is that they're on maintenance. This has happened more than once.

Alert31

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Quote from: nicepotato10431 on October 24, 2021, 11:46:54 PM

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?

Yeah, hotbit is indeed better than digifinex or bitforex. I traded in hotbit for a long time and never encounter any problem and compared to digifinex, hotbit has a small transaction fees. Digifinex is not a good exchange for me because it is manipulated and the transaction fees is too high which is very dissapointing and annoying because sometimes transaction fee is huge than your asset needed to withdraw that's why the ending is you won't withdraw your asset.

EmmaGod

jr. member

Activity: 230

Merit: 1

I have an account with hotbit exchange and I personally haven't lost any of my funds on the exchange, but I would advise you don't store substantial amounts on the exchange. If it's possible to only have what you want to trade on the exchange, it would be much better. The exchange has a lot of tokens which are not to be trusted, I'll advise you thread softly.

nurulhmani1280wat

jr. member

Activity: 394

Merit: 1

XEGGEX

Hotbit is one of the exchanges with token listing too easy, If you have tokens listed there I say withdraw as soon as possible and you don't leave tokens on that exchange after trading, but I'm not saying that hotbit exchange sites are not safe, hotbit isn't centralized exchange.

alfanjhon

member

Activity: 253

Merit: 12

I've never committed trade in hotbit but I think there are too many tokens that are unclear there, I think it's better to record the large market in the market

omone1

member

Activity: 843

Merit: 52

hotbit is notorious for always carrying out upgrade, constant upgrade leading to halt of trading activities and fund withdrawal can lead to a serious profit loss or been brutalize by the market. I trade little there, most times, I withdraw my fund when can.

Rengga Jati

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Activity: 1932

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Quote from: topbitcoin on November 27, 2021, 04:41:01 PM

I don't have any problem using Hotbit until now, but there are exchanges that i use to trade and then exchange that only listed coins that i want to sell. For daily trading or regular trading i choose bigger market. Not means that Hotbit is bad, but that is my choice. If about safety, i think there are no problem yet with hotbit when i use it.

Yeah, so far I also didn't find any problems using HotBit although I use this exchange, not for daily trading. Only several times to trade some certain altcoins.

Moreover, it is also in Coin Market Cap with a quite big volume.
https://coinmarketcap.com/exchanges/hotbit/
But sometimes, the fees of withdrawing are quite big.
Some new altcoins are also listed in the exchange. Be careful with those new altcoins because sometimes they are also very risky.
But for HotBit itself, as long as we are careful enough, they are reputable, although not as high as top exchanges,

topbitcoin

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I don't have any problem using Hotbit until now, but there are exchanges that i use to trade and then exchange that only listed coins that i want to sell. For daily trading or regular trading i choose bigger market. Not means that Hotbit is bad, but that is my choice. If about safety, i think there are no problem yet with hotbit when i use it.

sulendra12

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Activity: 2814

Merit: 526

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Quote from: ?? on ??

Yeah, here most of the users dropping very good feedback also i haven’t bad experiences in this exchange even i used for the several years. But i don’t agree to hold in long term and big amount of dollars. And you can't ensure here your fund is 100% safe because it was hacked once.

The exchange itself is fine I think and people are satisfied with the current Hotbit performance as far as I have seen. Even though it was hacked but it doesn't mean it would be bad after that. Hotbit approved that they could make something better after that incident. Despite on coinmarketcap rank is pretty low but the performance for myself is quite good and comfortable to use as a trader.

Sayeds56

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Activity: 1260

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Quote from: Cryptoababe on October 25, 2021, 02:48:18 AM

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.

Hotbit is not so reliable exchange as far as security of your funds is concerned. It has history of hacking and exchange for shut down for many days as far as I remember. It is famous for listing of low quality projects, having weak use case , their withdrawal fees are relatively higher when you compare it with Binance and other leading exchanges. Most of the listed tokens have poor liquidity, which causes users to have problems trading assets and customer support is also very weak.

riskarcher

full member

Activity: 672

Merit: 100

Hotbit is a trusted and safest exchange in protecting its users, for example, my Google authenticator was lost 2 years ago because my cellphone was broken and in the process of recovering an account, it requires proof of transaction, so this proves Hotbit has good security quality. never disappointed with Hotbit, especially Hotbit already has a mobile application in the playstore. Hotbit not scam. you must try it.

Kadal Ijo

full member

Activity: 1162

Merit: 106

I'm a hotbit user for almost 3 years and have never encountered any problems when depositing and withdrawing, they implement KYC so that it makes our account more secure, I'm not a part of Hotbit but I'm just saying what I experienced with hotbit.

HodlerKing101

jr. member

Activity: 199

Merit: 1

RE: Main topic -

Yep, I've used Hotbit for over a year and it's actually safe and easy to use. I also like the yield on the coins you currently own in your wallet.

bounceback

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Quote from: nicepotato10431 on October 24, 2021, 11:46:54 PM

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?

Yes, lately a lot of tokens or coins are listed on the Hotbit exchange, I use the newly listed coins on the exchange to do arbitrage and so far for me Hotbit exchange is very safe as long as I do arbitrage, but I do not recommend making long term investments with Hotbit exchange because in the past the exchange had a bad reputation.

fvb

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Activity: 1470

Merit: 13

I used to trade on this exchange and did not face any problems either. They talk about big commissions here. Always output to TRX and everything was fine.

rozak

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I'm still using Hotbit because I've never had a problem since I registered with Hotbit 3 years ago, I think Hotbit is good and withdrawals are very fast, but the thing that must be improved is the high withdrawal fees, for ETH it can reach 0.006 ETH or the equivalent of $25.

I think the withdrawal of ETH and tokens in the ETH ecosystem also has a high cost.
for ETH itself on binance is also quite expensive, can reach 0.005 ETH.
but overall from the Hotbit exchange platform I have no problems using it. I haven't used this exchange in a long time. but several times I'm still there to sell the tokens that I have.

Balmain

hero member

Activity: 2002

Merit: 670

I see Hotbit listing a lot of new projects. I have never used it as a stock market and I have never traded, what is the advantage of this stock market to trade. I looked at the data of Coinmarketcap, it is 136th in the ranking and has a score of 3.6. I just learned that this stock market is not even in the top 100. I don't know what advantages it has for users, is there anything worth the risk?

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