Hotbit Exchange Review

It is unclear where Hotbit is based, although some speculate that this digital asset exchange is based in China. It seems that Hotbit was launched in January 2018.

The Hotbit website is available in 5 languages, including English. A Hotbit review reveals that they serve the cryptosphere via no less than 327 active markets and trading pairs, both fiat-to-crypto and crypto-to-crypto trading pairs. They seem to have an extensive selection of altcoins listed, including many exotic cryptos or digital assets.

They seem to have started out dealing in cryptocurrencies or digital assets only, not accepting deposits or withdrawals in fiat currencies. This seems to have changed as deposits and withdrawals are available in USD today. Furthermore, they seem to host giveaways and competitions frequently, including various trading competitions (general trading competitions, net buy-in volume competitions, etc.).

A review of Hotbit exchange shows that they are planning to offer both an API and affiliate program, although it is unclear when exactly. In addition, no info is available about the company behind this crypto exchange or where it is based. They also provide no info about the security measures deployed (if any) and seem to only offer spot trading at this stage (no margin trading). In addition, they claim the Hotbit team is global, but no details are available about team members or the team behind Hotbit in order to verify.

Hotbit seems to charge no deposit fees, but extremely high withdrawal fees. Furthermore, they have elsewhere been accused of creating fake trading volume.