Why should we use Hotbit cryptocurrency exchange?

Some people look for a good cryptocurrency exchange. Once there, they need to pay attention to a number of aspects such as charting features, trading pairs, trading fees, deposit methods, security, ease of use, and customer care. One of the best platforms that offer all the features mentioned above is Hotbit. This cryptocurrency exchange offers state-of-the-art trading platforms to global users.

What is Hotbit?

Hotbit exchange is one of the leading cryptocurrency exchanges, founded in 2018 and it offers advanced features, a mobile app, and an intuitive user interface.

This exchange has partnered with several popular blockchain industry partners such as Spark Pool, Mytoken, F2pool, HashQuark, and Slow Mist to provide a secure, stable, and feature-rich trading environment for cryptocurrency exchanges. traders and investors. From the very beginning, this cryptocurrency trading platform had over 7 million active users registered on the platform from over 170 countries.

Is Hotbit Exchange legit?

Hotbit is a legit cryptocurrency exchange that has millions of users across different countries. According to Coinmarketcap, it has become one of the largest and fastest-growing exchanges worldwide in terms of daily trading volume.

The exchange offers an in-house assessment team that provides real-time 24×7 online reviews of user properties. This crypto exchange has established partnerships with leading audit teams in the crypto industry such as Beosin and Slow Mist. This way, the exchange checks for potential security issues and warns them before they are manipulated.

Features of Hotbit Exchange

• According to the review, the exchange has more than 700,000 active and registered users, and it works in many countries.

• It focuses on the world’s most developing markets such as Japan, Russia, Korea, Southeast Asian countries, and Turkey.

• This exchange platform has more users accumulated through Telegram, Twitter, WeChat, Facebook, and VK.

• Users can trade more than 200 cryptocurrencies.

• Users can trade with crypto-currency ETFs.

• According to market assessment, Hotbit only offers spot trading and does not offer margin trading. The exchange has advanced charting tools and trading features.

• The trading platform offers a mobile trading application available on iOS and Android.

• Hotbit has different transaction fees for buyers and creators, which is a standard in today’s trading business. Furthermore, the exchange transaction fees for participants are on par with the industry average.

• The exchange has a wide range of coins with trading pairs with multiple Altcoins, some trading pairs with DeFi tokens, and unique coins.

The exchange is ranked as one of the best crypto exchanges in terms of the number of cryptocurrencies traded on the platform. It has a daily trading volume of more than $100 million.

Hotbit liquidity

Since its inception, Hotbit has grown exponentially. In 2018, according to Coinmarketcap, the exchange platform ranked 47th with the highest 24-hour trading volume of $21 million.

In November 2019, the exchange rose to 13th place last year and the 24-hour trading volume was $1.0 billion.

In 2020, during the pandemic, the exchange is 6th and the trading volume is up to $2.3 billion which shows no problem with the high liquidity of this exchange.

Hotbit mobile app

The platform is available as an iOS and Android app and can be downloaded as an app for Android phones from the Google Play store. However, iOS users need to download and install it using the QR code associated with the website.

Advantages of Hotbit

Invest

Hotbit Invest, commonly known as Hotbank, a division of Hotbit Group, is a leading crypto asset management platform launched in 2018. Hotbit employs a team of over 30 diligent and wealthy professionals with experience, who strive to provide high-quality investment services to all clients worldwide.

Investing with the exchange includes DeFi Mining, Quantitative Trading, and POS Lending. AUM Hotbank has exceeded $400 million with over $30 million in rewards distributed. Services related to crypto asset management are provided to over 100 institutional clients. Essentially, the exchange works to give back to its customers by offering industry-leading prices, better than competitors in terms of recognized assets like BTC, USDT, and ETH.

VIP users at Hotbit enjoy exclusive perks such as a custom crypto asset management program, mining funds, and lower and exclusive transaction fees. VIP users also enjoy privileged services like V1 account manager, C-level manager meetings, exclusive crypto asset management reports, exclusive withdrawal channels, holiday bonuses, and birthday treats.

EFT

An ETF or exchange-traded fund at Hotbit is a product that uses financial debt and derivatives to increase the return of a particular token. It’s geared towards a 5:1 ratio. For example, if a particular token goes up 1%, a 5x leveraged ETF goes up 5%.

Leveraged ETFs are funds overseen by experienced financial teams responsible for maintaining and managing portfolios, thus allowing investors to build continuously leveraged portfolios without the need to know specific mechanisms.

The advantages of Hotbit ETF are:

• No margin balance is required. Users can trade ETFs like Spot trades and all they need is USDT in their Spot wallet to trade.

• Users can increase or decrease 5x. For example, if a trader is trading BTC1D5L and the value of BTC increases by 1%, the value of BTC1D5L also increases by 5%. Conversely, if the value of BTC decreases by 1%, the value of BTC1D5L decreases by 5%.

• There is no risk of liquidation and users can keep their tokens for any length of time as their funds are never liquidated. If users lose their transactions, they can sell them at any time.

20% return rate for referral system

The exchange platform has launched an invitation cashback function where users can invite their friends to sign up for a Hotbit account and get a double commission. Level 1 Invitations allow users to invite their friends. For each transaction fee generated by the referrer, both parties can share up to 60% of the transaction fee. Level 2 invitation up to 15% trade.

Note that if the HTB balance is less than 5000, the user gets a 20% Tier 1 cashback rate.

Conclusion

Hotbit is one of the popular cryptocurrency exchanges and it is growing exponentially. This platform can be considered if a trader wants to trade with a variety of Altcoins as it offers a wide variety of cryptocurrencies. One of the most beneficial features of this exchange is that they list tokens instantly. The company also offers a diverse list of trading pairs and offers users new digital assets and tokens.

Although the platform does not have an affiliate program to incentivize users, comparing its other features we can say that it is a good platform that offers multi-currency support, transaction fees reasonable, and high security. Furthermore, it also informs users to offer two-factor authentication to protect their assets and trade on the platform.

Website: https://www.hotbit.io/

Twitter: https://twitter.com/Hotbit_news

Telegram Global Group: https://t.me/Hotbit_English

Instagram: https://www.instagram.com/hotbit_official

Media: https://medium.com/@hotbit

TikTok: https://www.tiktok.com/@hotbit_official

Reddit: https://www.reddit.com/r/Hotbit_Official

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News