Topic: Hotbit exchange is legit. (Read 13509 times)

I use Hotbit sometimes too and I can say that it has a good interface and fair withdrawal fees, but I don't know if their token can be successful though, they have a lot of competition from other exchanges that people are using all the time and it's hard for them to change to another, Hotbit is a typical exchange that you go to just to sell some specific tokens that aren't available in your perfered exchange, it is doing well now but I don't see it make a step further and get higher in ranks of bet exchanges.

I have been using this exchange for a long time but I don't think there is any problem using it.  I recently traded XXP tokens on this exchange.
However, the popularity of this exchange has decreased a lot. New projects are not coming to this exchange now.

I use Hotbit exchange and I really like it. For my part, when I see a new project have listed its token in Hotbit exchange I will have no doubts about that project! I say this because I have used Hotbit for a long time and I have never seen anything suspicious with this exchange.

where did the information come from? you said the htb coins will slide into the sky. if you are correct please include good news about the coin. so that everyone doesn't think it's fake news. I think all markets are good, it depends on each, everyone has different preferences and comfort when transacting.

Made up some searches and you would find it for yourself.

https://bitcointalksearch.org/topic/hotbit-exchange-is-proven-scam-5333884
https://bitcointalksearch.org/topic/stay-away-from-hotbit-exchange-5113530
https://bitcointalksearch.org/topic/scam-hotbit-exchange-withrawal-not-working-5313616

Lots of accusations which it would really be enough for people to avoid this platform and make use on other which
are more reputable and known instead.

There was this maintenance that Hotbit did that lasted for weeks, it gave me goose bumps as it seemed unending. But thank goodness that they came back. I use the exchange to buy some prospective coins before they get listed on some other CEXs. I hope they can work on their liquidity, invest in quality top tier projects like Binance, FTX and co are doing, so they can also offer launchpad.

It would be help boost traffic and liquidity on the exchange.

Yeah, it was true that Hotbit now have a lot of coins listed to their platform so far. But the only thing that I don't like or hate it, was that they always have a maintenance to their platform, and most of the time they took weeks before it resume to trade again using their exchange, But that was 2 or 3 month ago I think. And this time, its not happen at all, though they may have a maintenance announcement but it took hours before it resume again something like that.

I have traded over there subsequently but I don't really love hotbit instead Probit, most at time their withdrawal in some currencies is limited.
Some token got listed over there and dump, so I m afraid of using the exchange.

Anyone happen to still use them? I see a lot of volume on calculator websites, but curious if it's faked or something else.

It looks like it's already over 7 days and they are still not back into operation.

There is the only update I read about the exchange.
https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

I'm afraid, they'll face more trouble if they'll not be back soon, their reputation is already at stake here.

Hotbit has just been attacked by irresponsible people, and the team is taking a long time to fix this situation. Based on information from their website, it took the team 7 days to fix this condition. Even though the user's asset is safe, but in terms of daily trading, the user is already at a loss. We hope that this can be handled soon.

Actually 100% of my crypto funds in their they are facing big problems as of today because their exchange was hacked and erase all data but the good thing is the hacker didn't get any funds but we are still waiting for 11 days to get access to our funds again. I hope everything will be all right but after this, I will stay away from this exchange and transfer all my assets to a more secured exchange

why would you choose Hotbit over other top exchanges who has no accusations about faking volume or stuff like that, for me i don't see why i would choose an exchange like Hotbit over Binance, Kucoin or Huobi.... stay safe and use higher reputation exchanges to reduce the capability to bump into a problem.

I've seen some accusations about hotbit exchange before 🤔 even on this forum, anyways I prefer selling and buying altcoins at lower rate on exchanges like hotbit exchange and I've used this exchange many times already but to trade high amount of coins or tokens on this exchange still bothers me

Guys, be careful with your funds if they are on the Exchange Hotbit, they scammed the CashHand Project

1 received 12 787 CHND to exchange https://explorer.cashhand.info/transaction/deb889a8e16ba1b7081479cb580d474fecf123b439cc022543d280a80dae20af
2 did not make the exchange and did not return the coins for the project nor did they exchange it for its users
3 don't answer us anymore
4 excluded our CHND / USDT pair
5 excluded the group of telegrams where we maintained contact

I lost $40 out of $50 when I logged in this morning.  Was not due to the market.  When I saw the "maintenance" sign and being down for two days naturally I was concerned.

I got this from them:

Hello,
Hotbit has completed the maintenance of some functions of the whole station at 11:00 AM UTC on April 10, 2021. Thank you for your patience. Your assets are safe. Please don't worry. As this upgrade is a large version of the whole station, all functions are being opened one after another.
1. At present, there are many accumulated orders, and the deposits will be recorded one by one within 24 hours. Please wait patiently. If your deposit has not arrived after 24 hours, please contact us again.
2. Due to the large amount of currencies that distribute interests involved in the investment area, the system needs to distribute the interest during the maintenance period one by one. It is expected that the interest will be paid within 24 hours. At that time, the transfer, purchase and redemption functions of the investment area will be restored. Please wait for our follow-up notice.
Note: before the investment area is restored, the assets displayed in user's investment area will not be accurate. Please do not worry and wait patiently for the functions of investment area to be available.
3. now the deposit and trading functions are available please wait patiently for the opening of withdrawal function for most tokens.
4.Currently, our system is busy with many withdrawals. Please give the system a little time, the system is processing one by one, if more than an hour and a half not completed, please contact us again

Details: https://hotbit.zendesk.com/hc/en-us/articles/1500006560662-
If you have any other questions, please submit the work order to us again.
Sorry for the inconvenience.

I don't use it very often, but it gives me a much better experience for like p2p, la, consbit,... I used to have problems with it, was when sending USDT on TRC20. When I send money directly to the TRX address it is a mistake because the 2 locations are just different, it is not like other exchanges where wallets on the same platforms will be synchronized again. Please check carefully before transferring money.

But do not encourage people to use it, go to the top exchanges like binance okex houbi to avoid getting in trouble.

You can easily search those complains through the forum by using the search box on the upper right.

And if that's not enough.

You can always check on google by searching the keywords that are relative to hotbit's legitimacy or scam accusations.

I often trade on the Hotbit exchange. I have never been like that. I think this exchange is legit. But what they did to you is not right. It would have been better if it had been resolved sooner.
Why on coinEX when you trade BNB? Why not Binance? Binance is the world's most trusted and number one exchange.

Alright guys, i wanted to share with you my experience with Hotbit lately:
I sent some BNB to my hotbit BNB wallet, like a noob i sent it on the BSC chain, and not BNB chain.
I didn't realize that on spot, seeing my deposit taking a while while confirmed, i decided to message support.
Support says i sent it to the wrong chain. Sure, i say, can you send it back to me on the address i sent it to you?
Here is what they said : I have to prove to them with various screenshots which is okay, and i HAVE TO SEND THEM 0.2 ETH to an address zendesk sent me, and that my funds will be available from 3-6 Months from now.
This was just because i sent BNB on the BSC chain instead of BNB chain.


Use coinEX guys forget this Hotbit scammy exchange, they are just there around the corner to take your crypto hostage.

This was what the helpdesk sent me :
" Please read all following information carefully and wait patiently:
1. If any of your tokens was/were deposited mistakenly, please provide us with the following information: Your Hotbit account, the email address you registered with Hotbit,UID(the last few numbers of the invite link of your Hotbit account is your UID ) the type, address, amount, TXID(this is very important) of the token(s) you deposited by mistake, the screenshot that shows your deposit information.
2. In order to retrieve your mistakenly deposited tokens, we would have to conduct relevant operations such as extra installation or upgrade on the software of our wallet, the import and export of the private key and so on. Due to the fact that only those staff with very high authority are allowed to conduct relevant operations and that the whole process has to go through very strict risk control verification process, such operations require huge amount of time, labor cost and risk control cost. It might take three to six months to retrieve your assets. Please do be patient.
3. Due to the strict risk control verification process, you need to pay 0.2 ETH  to switch back the coins. The transerred address is 0x15F4a8BdDFAA31D61eEF90C2bA33F9E64C00e8EA and then send TXID to us so that we can check it for you. Attention please: Due to the strict risk control verification process, we can only send your assets back to your original sending address  later."