Hotbit Exchange: How to Get Started
Hotbit is a global cryptocurrency exchange launched in 2018 to offer users efficiency, stability, diversity, and high-level security.
The exchange is headquartered in Taipei and Shanghai, but it offers services to users worldwide. With more than 5 million registered users, the exchange is dedicated to building an ecosystem that benefits the crypto industry.
Hotbit offers its users 24/7 real-time online audit services and a secure trading environment through its industry-leading security system and architecture. It has not received any reports of lost funds since its launch.
The platform provides a range of features comparable to leading exchanges, such as purchasing crypto assets, trading digital currencies, accessing NFTs, and investing money to grow portfolios. Users can sign up on the platform from over 200 countries to enjoy full access to its cryptocurrency services.
The exchange has also collaborated with several prominent industry partners in the blockchain technology sector, including Spark Pool, Mytoken, F2pool, HashQuark, and Slow Mist. These partnerships aim to provide traders and investors with a trading environment that is secure, stable, and equipped with advanced features.
How to get started with Hotbit exchange
To register for Hotbit, users must visit the website and click the "register" option to begin the sign-up process. Once registered, users must verify their email by entering their email ID and following the confirmation link sent to their email. They will then need to copy the code provided, enter their password, agree to the terms and conditions, and click the "register" option to complete the process.
The Hotbit login process is considered easy, secure, and straightforward. Users can access their account by clicking the "sign-in" button on the Hotbit website and providing their email ID and password.
The Hotbit exchange platform does not require KYC verification to start trading. Also, it provides two-factor authentication to secure its users' data.
Once logged in, users can add deposits to their accounts and proceed with trading. The platform offers a beginner-friendly interface with various features that traders can easily navigate upon logging in. In addition, it provides a mobile app for traders who want to trade on the go.
Hotbit's charting interface is offered by Tradingview, which provides traders with intuitive, smooth, and clean charts. This allows traders to utilise advanced indicators and trading tools to make informed decisions, ultimately helping to maximise profits and minimise risk.
Hotbit exchange platform offerings
Hotbit provides its users with the option of spot and futures trading, demo trading, and purchasing cryptocurrency using a card. Furthermore, the exchange offers ETFs and earn products on various cryptocurrencies, including USDT, BTC, ETH, and other altcoins.
One of the platform's features is the availability of ETF trading, which could benefit investors seeking to diversify their portfolios. Moreover, Hotbit's earn products allow users to earn interest on their cryptocurrency holdings.
The exchange offers maximum leverage of up to 100X on perpetual contracts, which can attract traders seeking high leverage and risk.
Hotbit provides spot trading fees for makers, ranging from 0.05% to 0.50%. However, the fee for takers is slightly higher, ranging from 0.2% to 0.65%. Additionally, the futures trading fee for makers and takers is the same as the spot trading fee, which is relatively higher than that of the competition.
Is the Hotbit exchange legit?
Hotbit is a legit cryptocurrency exchange with a vast user base spanning various countries. It has gained recognition as one of the largest and most rapidly growing exchanges globally in terms of daily trading volume, as reported by Coinmarketcap. The platform features an internal review audit team that operates around the clock, providing real-time online audit services for user assets.
Additionally, Hotbit has partnered with major audit teams in the cryptocurrency industry, such as Beosin and Slow Mist. Through these collaborations, Hotbit conducts extensive security checks and promptly notifies users of potential security risks before they can be exploited.
Author: Priya Kumari
Priya is a passionate content writer and the co-founder of Finendorse. She is an enthusiastic crypto investor and has a huge interest in the upcoming digitisation age.