Overview | What is

What is HotBit?

Hotbit Exchange is a reputable exchange in the crypto market which was founded in 2017 in the United States.

• After 5 years of development, the exchange has more than 7 million users signed up for Hotbit accounts.
• The exchange has officially registered its operations in Hong Kong and Estonia.
• Hotbit has worked with several partners in the blockchain technology industry including Spark Pool, Mytoken, F2pool, and Hash Mark to provide a secure, stable trading environment.
• Hotbit is in the top 50 high-volume cryptocurrency exchanges on CoinMarketCap.

Transaction size: nearly 210 countries around the world.

Who is the founding team of Hotbit?

Hotbit was founded in 2017, it has become one of the leading digital asset platforms in the world. Today, this exchange has a team of employees with extensive experience including Yvonne, Fawn Fang, and Elena Ghanavati.

• Yvonne started working in 2015 and served as a Business Development Manager for 1400 days. He earned a Bachelor of Business Administration – BBA from  Miami Herbert Business school. In June 2015, Yvonne was an intern at China Construction Bank (Asia) Corporation Limited. In January 2017, he became an investor in Filecoin and Blockstack PBC (USA). Currently, in October 2018, he became the Director of Business Development at Hotbit.
• Fawn Fang started working in 2013 and served as an Investment Manager of Hotbit for 761 days. In October 2013 Fawn Fang was a Brand Management Marketing Assistant at Meukow Cogac (France). In June 2018, he became the Overseas Marketing Manager at Binance. Since July 2022, he has worked as an Investment Director at Hotbit (China).
• Elena Ghanavati was a Tour Guide (UK) and also a graphic designer at the Publishing House in the United States in January 2010. Currently, in January 2020, he became a Sales Manager at Hotbit (China).

What is the ecosystem of Hotbit?

The products that Hotbit exchange offers include:

Cross Margin: The required position margin rate changes depending on the price movement.

Fixed Margin: The margin position remains unchanged even when the price fluctuates. 

Hotbit P2P: Peer-to-Peer trading – use VND, USD, EUR to buy and sell cryptocurrencies such as BTC, BNB, USDT directly by bank transfer. 

Hotbit Futures: Trade futures contracts with up to 125x leverage, the highest level that no exchange can reach.

What are the pros and cons of Hotbit?

Advantages of Hotbit

• High security: Meet the requirements of the financial industry’s IT monitoring system and ensure stable trading operations on the exchange.
• High liquidity: Hotbit was created by AI Market Marker Suite, an analytical model that depends on more than 250 parameters in the market to ensure high liquidity and avoid slippage when trading.
• Hotbit offers various cryptocurrency pairs worldwide.
• Customer service is available 24/7, ensuring trading support through various channels such as Telegram, Facebook, Email,….
• No withdrawal limits: You can withdraw as much as you want.
• Low trading fees: Hotbit exchange has a 0.2% fee on all transactions.
• Free deposits: This attracts many investors.
• The platform has a mobile application that allows users to trade anywhere they want (on both iOS and Android).

• Support Vietnamese and other languages such as English, Korean, Chinese, Portuguese, Spanish,…
• Hotbit Token (HTB) is the exchange’s own coin and this is an important factor for Hotbit’s development.
• Hotbit has important partners in the cryptocurrency market, which adds to its trading credibility.

Cons of Hotbit

• Compared to other cryptocurrency exchanges, Hotbit’s trading volume is relatively small.
• In terms of brand, Hotbit is not appreciated in the market.
• Margin trading users are not yet supported on Hotbit.
• Fiat trading users are also not supported.
• Currently, the number of Vietnamese users on Hotbit is not very large.

What are the developments of Hotbit?

The most prominent feature of the Hotbit is that many potential coins is listed on this exchange. With nearly 2000 coins and tokens, this is 5 times more than Binance and FTX coins and tokens. 

• HOT (Holochain) was listed on Hotbit on April 30^th, 2018, and then listed on Binance on June 18^th, 2018.
• Beam was listed on Hotbit on December 31^st, 2018, and then listed on Binance on September 16^th, 2019.
• NEXO was listed on Hotbit on May 7^th, 2018, and then listed on Huobi on March 3^rd, 2019.
• On March 18^th, 2019, through a partnership with a related organization, Hotbit listed ATOM. When ATOM launched its mainnet, Hotbit immediately completed the distribution of ATOM to the 1,500 Hotbit users who purchased ATOM as a future product, allowed them to transfer their ATOM tokens to any previous address.