With more than 5 million registered users, the exchange is dedicated to building an ecosystem that benefits the crypto industry. Hotbit is a global cryptocurrency exchange launched in 2018 to offer users efficiency, stability, diversity, and high-level security. These stable coins are cryptocurrencies you can purchase to later swap them over to the currency you want to buy. The name stable-coin is from the USD as the price of these coins just use the price of the USD.
Hotbit exchange is one of the leading cryptocurrency exchanges, established in 2018, and it offers advanced features, a mobile app, and an intuitive user interface. From the beginning, this cryptocurrency trading platform has gained more than 7 million active users registered on the platform from over 170 countries. The fees for buying and trading cryptocurrencies on Hotbit are reasonable, with competitive spot trading fees for makers and takers. Hotbit is a legit crypto exchange, having several million users across various countries. According to Coinmarketcap, it has become one of the biggest and fastest-growing exchanges around the world in terms of daily trading volume.
What Is Hotbit?
Visit Hotbit’s website at and press “Login” on the top right corner, the link will direct you to the login page. Please enter your email and password on the login page and press “Login”. For Android users, please enter and search “Google authenticator” in the Google Play Store, download and install the app.
In 2018, according to Coinmarketcap, Hotbit ranked #47 with the highest 24-hour trading volume that was USD 21 million. Hotbit charts are offered by Tradingview, which are intuitive, smooth, and clean. It permits the traders to use advanced indicators and trading tools to their advantage for maximizing profits and minimizing the risk.
Deposit your asset(s) by choosing the type(s) of asset(s) you intend to deposit into your Hotbit account. It was already mentioned that setting 2fa on Hotbit is obligatory. It automatically means that accessing the account is not possible without the use of the personal mobile device of the account owner. This measure critically decreases the potential amount of intrusions. Unfortunately, there’s no way on Hotbit to deposit the fiat money.
In November 2019, Hotbit moved higher to its last year ranking #13, and its 24-hour trading volume was 1.0 billion USD. Next, they are asked to provide their email address, and they should agree to the terms and conditions. Find the safest and easiest way to buy Cryptocurrencies like Bitcoin with OTP Bank in Hungary. Begin trading in minutes with free and instant EUR deposits. You can reach the Hotbit customer support team via a ticketing system, Twitter, Facebook, Wechat, and its English and Chinese Telegram channels.
Is Hotbit Safe?
With over 7 million registered users and support for over 400 cryptocurrencies, Hotbit is a serious contender in the world of digital asset trading. The Register button can be found in the upper-right corner of the website. The potential user should provide an email address and set the password.
Only downside is that your weekly purchase limit on a Credit Card will be around $750 when you first open your account. 6) Now you need to setup your funding sources (i.e how you plan on purchasing your Bitcoin or Ethereum). Your options are either using your Bank Account or Credit Card. Since you are reading this guide now and the plan is to use your BTC or ETH to purchase Hotbit Token (HTB), I’d suggest using the Credit Card funding option. Coinbase uses your mobile phone number to setup Two-factor authentication (2FA) on your account making your account even more secure.
- It has all the tools necessary for you to become a crypto expert as well.
- Here, we will be in the panel to buy and sell cryptocurrencies, and we will see the pair BTC/USDT, as it is the default one.
- Get started in minutes to make sure you can trade on the Kucoin platform today.
- If we look into the user reviews about Hotbit, we will find out that some people have unpleasant experiences of using this exchange.
- Please MAKE SURE that the email address you enter is one you have access to and is your most secure email as this is how you will always sign in to your Coinbase account.
Chain network is a blockchain network built for running smart contract-based applications. It help users manage their digital assets cross-chain with low latency and large capacit. An “network address” is, in essence, a specific “location” on the blockchain to which coins can be sent in the form of a string of letters and numbers. A cryptocurrency address can be shared publicly in the form of text or QR code to receive funds.
This company also provides a wide list of trading pairs and offers its users new digital assets and tokens. Further, it notifies the user to provide two-factor authentication to safeguard their assets and trade on this platform. Several people look for a good cryptocurrency trading exchange. While doing so, they need to keep several aspects, such as charting features, trading pairs, trading fees, deposit methods, security, ease-of-use, and customer support.
Where to Buy, Sell Hotbit Token
None of that “market buy” bullshit or instant-buying like RH does. I honestly never doubted the integrity of this exchange, but the number of people panicking sure was a doozy. Take BTC for example, you may choose to deposit your BTC by copying your deposit address or scanning the QR code. After logging in your account on Hotbit, click “Fund-Deposits” https://cryptominer.services/cloud-solutions/ on the top right corner and you can deposit your assets into your personal account on Hotbit. In 2020, during the pandemic, Hotbit ranked 6th, and the trading volume went up to 2.3 billion USD showing that there is no problem with the high liquidity with this exchange. Since its inception, Hotbit has been growing exponentially.
Unfortunately, there are unresolved customer management cases because they have a low 1.7 rating on Trustpilot. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies. We’ve also created a directory of all of our crypto buying guides. If you purchased Ethereum (ETH) at Coinbase, you are going to want to look for the HTB/ETH investment. Once your transfer has been confirmed it should show in your exchange’s account and will be immediately ready to be used to buying Hotbit Token (HTB).
One of the best platforms that offer all the features mentioned above is Hotbit. This cryptocurrency exchange offers state-of-the-art trading platforms for its global users. It also supports six different languages like English, Chinese, Russian, Turkish, Thai, and Korean. This exchange has more than 7 million registered users and is available in more than 170 countries around the world.
A small number of transaction fees charged by the exchange are used to buy HTB in the open market by increasing demand. Thus, half of the purchased tokens will be burnt, and the balance half will be utilized for marketing campaigns. As per our review, the Hotbit login process is very easy, secure, and simple. The user should click the sign-in button on the Hotbit website, and they need to provide their email ID and password to proceed. After signing in, they can add deposits to their account and proceed with trading.
If these are triggered, Hotbit can ask the user for KYC, which is often triggered when the user goes for withdrawing funds. If the user wants to register on the Hotbit https://bitcoin-mining.biz/bitcoin-has-just-halved-again-2020/ platform, they need to go to the website’s homepage and click the Register button. Learn how to quickly find and reset your trading password on the Kucoin exchange.
Before you’re investing in a coin its important to do you your own research on the coin, technology of the coin and the team behind the coin. The good thing on cryptocurrencies are that you can divide them and buy just a (small) piece. This way you still own your piece of Hotbit Token and you can use it or hold it. We are confronted with fascinating but challenging questions about our identity as humans as we appr… The only difference is that instead of going to the buy side, we go to the sell side.
Further, Hotbit offers a mobile app so that the traders can trade on the go. The most important feature is the charting interface, and this feature should be considered before a user selects a crypto exchange for trading. Several traders trading in cryptocurrency rely mostly on technical analysis to find the right edge in the market. The next step is to confirm the account with the key code sent for email verification.
Hotbit does not support fiat currency; this implies that new crypto investors cannot use this platform for purchasing digital currencies as they need an entry-level exchange. This platform provides the traders https://topbitcoinnews.org/how-to-buy-theta-fuel-how-to-buy-theta-fuel-tfuel/ the history of deposits and withdrawals. Hotbit is a professional digital asset exchange platform that provide fiat trading and cryptocurrency trading services for users from all over the world.
As you buy systematic it will reduce the emotional involvement and as you spread the money you invest you spread the risk of a unstable market. A “Tag” or “Memo” is an additional address feature necessary for identifying a transaction recipient beyond a wallet address. “The memo is not valid” indicates that the user has input the wrong memo. Please confirm with the recipient to ensure that your information is correct. In pairs, the second is what we will use to buy and what we will get to sell.
All you need to do is click on the “Prices” option in the top menu bar and you’ll see a list of all the supported cryptocurrencies on Coinbase. Once you’ve completed that portion, the next step will be a photo verification. Since we are discussing how to purchase [coin] [symbol] using US Dollar, we are assuming you are a US resident. If that’s the case you can either upload your Driver’s License, State ID card, or passport to verify your identity. Coinbase assumes that you are signing up for an Individual investment account so the next part of the sign up process deals with verifying your identity.