HomeWallet and ExchangesHotbit Exchange Review - Is Hobit a Legit Exchange?

Hotbit Exchange Review – Is Hobit a Legit Exchange?

In this article, we will explore the Hotbit Exchange and also answer the questions on whether or not the Hotbit exchange is a legit exchange.

What is Hotbit Exchange?

Hotbit exchange is one of the top cryptocurrency exchanges, established in 2018, and it provides an intuitive user interface, a mobile app, and advanced features.

Is Hotbit Exchange a Legit Exchange?

Hotbit exchange is legit crypto, having several million users across various countries. Coinmarketcap has become one of the biggest and fastest-growing exchanges worldwide in terms of daily trading volume.

Hotbit Exchange
Photo credit: Coindoo

Is Hotbit Legal in the USA

On April 21st, 2020, under the guidance of American regulator Fincen, the subsidiary of The Department of finances of the United States of America.

Hotbit exchange had officially obtained an MSB license, which allows Hotbit to legally provide relevant operational services of crypto, such as trading various types of cryptocurrency tokens in the USA.

Hence, Hotbit’s path to global compliant operation has been further expanded.

How to get the Hotbit Exchange App

The Hotbit exchange platform offers a mobile trading app available on iOS and Android. Hotbit exchange is known as one of the best crypto coin tradings regarding the number of cryptocurrencies traded on the platform.

Hotbit Withdrawal Limit for Users

Hotbit exchange withdrawal limit is $10.000 per day for users.

Hotbit Withdraw Fees

Another fee to consider before selecting which exchange to trade at is the withdrawal fee. The withdrawal fee is permanently fixed regardless of the number of crypto units withdrawn and varies from currency to currency.

The global industry average withdrawal fee is arguably around 0.0008 BTC when you withdraw BTC, but we see more and more changes that have started charging 0.0005 BTC per withdrawal. 0.0005 BTC is therefore establishing itself as the new industry average.

Here, at Hotbit exchange, you only need to pay the network fees when withdrawing. These are the fees that miners receive to confirm transactions. Only charging network fees is competitive. 

Read also:

Registration

First, visit the official website https://www.hotbit.io and you will see our home page as below. Press-Register at the top right corner, and the site will take you to the registration page.

On the registration page, you enter your email address and then click on send button; Hotbit will send you a confirmation email through the email address you entered.

The verification code will be involved in the email sent to you. You should log in to your email account, copy the confirmation email’s verification code, and paste the verification code into the box that will show below.

For the activation process to continue, please also fill in the password. By entering all the above information, please press “Register,” The link will redirect you to the login page.

Tick “I agree with the terms and policy,” then press “Next,” and the link will redirect you to the “Account Information” page.

Step authentication: 

The Hotbit platform has adopted Two-Factor Authentication and Google Authenticator authentication with the SMS Verification system. You will choose your preferred authentication method for your purpose.

Enable Google Authenticator.

Please enter and search Google authenticator in the play store or App Store, download and install the app for IOS users.

For Android users, you should follow the link below and download the app: http://shouji.baidu.com/software/22417419.html

After downloading the app, you should log in to your Hotbit account and click Account-Security Settings to enable your Google Authenticator.

To follow our 2-step authentication guidance for authentication settings details.

Two-Factor Authentication with SMS Verification:

You should enter your mobile number and click on Send SMS Code. The system will automatically create an SMS Code, and it will be sent to your mobile number through text message.

Once you receive your SMS code by text message, please enter the code in “SMS Code” immediately and press “Finish.”

Login

Visit the website, www.hotbit.io, and press log in on the top right corner; the site will automatically take you to the login page. You will enter your email and password on the login page and press “Login.”

Watch the video below to know more about the Hotbit exchange:

Hotbit Exchange Ranking in the World

Hotbit exchange ranks as one of the excellent crypto coin exchanges concerning the number of cryptocurrencies traded on the platform.

It has more than $100 million as a daily trading volume.

According to Hotbit’s review, Hotbit has more than 700,000 active and registered users, and it operates in many countries.

 

close
Coin Decimal

Don’t miss these tips!

We don’t spam! Read our privacy policy for more info.

RELATED POSTS

Leave A Reply

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

- Advertisment -

Recent Posts