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3 from 25 vote[s]
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Cryptos Supported (128)


Taker fee


Maker fee


Withdrawal fee

Bitcoin Logo 0.001

Funding methods

Wire Transfer


Credit Card




US Investors Permitted


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Hotbit Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Hotbit consists of four parts: general information, fees, deposit methods and security.

General Information

Hotbit is an exchange launched in January 2018 that offers trading in many very unusual cryptocurrencies.

Its domicile country is unclear. This is not a red flag per se, but we recommend all visitors to be careful and form their own opinion on whether Hotbit is a legitimate exchange our not. No information on the company owning and operating the exchange is presented at the exchange’s website either.

Hotbit proudly announce on their website that they have partnerships with The Blockchainer, MyToken and Wandarin. However, we have not found any information detailing what these partnerships are made up of. Accordingly, the statements regarding partnerships have not been possible to verify.

As far as we can tell, US-investors can trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

The exchange promotes four things in particular as reasons to choose Hotbit as your trading platform. First off, it has multi-currency support, meaning that you can trade a lot of different cryptocurrencies here. It is easy to verify this statement and declare that it is true. Hotbit does indeed provide support for a large number of cryptocurrencies. Second, Hotbit has high liquidity (see more on this under Liquidity below). Third, the platform provides 24 hour customer service 7 days a week. Naturally, this is very important to its user base. Fourth and finally, the platform promotes that it is “secure and steady”. All of the promoted advantages are things that we deem very important and we applaud Hotbit for having them all.

Hotbit Advantages


According to information from Coinmarketcap, Hotbit had the 47th highest 24 hour trading volume at the date of writing this exchange (29 September 2018). The 24 hour trading volume at this date was approx. USD 21 million. On the date of last updating this review (16 July 2019), the trading volume had absolutely sky-rocketed compared to September. Hotbit had a 24 hour trading volume of USD 811 million, making it the exchange with the 23rd highest trading volume in the entire world. This increase in just 9½ months is extremely impressive.

Option Trading

The exchange has also announced that they will “soon” (today is 14 May 2019) launch its function Option Trading. We’re assuming that this will correspond to the leveraged trading functionality that many other trading platforms have, but we will follow up and update here as soon as it has been made public. There will also be a Mock Option Trading-function where you can practice option trading for free but without the risk of losing any actual assets.

Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at Hotbit:

Hotbit Trading View

Hotbit Fees

Hotbit Trading fees

This coin exchange doesn’t charge different fees between takers and makers. Their fee model is instead a “flat fee model”. Hotbit’s flat fees are 0.25%, which is in line with the global industry average. As we have not been able to determine Hotbit’s domicile country, we cannot compare their fees against any domestic counterparts either.

Hotbit Withdrawal fees

When withdrawing Bitcoin, Hotbit charges a withdrawal fee amounting to 0.001 BTC. This is in line with industry average, albeit slightly on the high end.

Deposit Methods

At this exchange, you can not deposit fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

Hotbit Security

Hotbit’s security score is F, when performing the test at Observatory by Mozilla ( This is below industry average when it comes to top crypto exchanges.


Liquidity is something very important for all exchanges, cryptocurrency exchanges but also regular stock market exchanges. The above exchange does indeed have great liquidity. However, the following cryptocurrency exchanges are also regularly among the cryptocurrency exchanges with the absolutely best liquidity in the world:

  1. Simex
  2. Bit-Z
  3. Bittrex
  4. Bithumb
  5. Coinbene
  6. BitForex
  7. IDAX
  8. BCEX
  9. Coineal
  10. DOBI Trade

Hotbit Review - Cryptowisser Logo

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