Hotbit vs CoinEx: Fees, Coins, Safety Comparison
| Feature | Hotbit | CoinEx |
|---|---|---|
Overall |
3.8 |
4.4 |
1.8 |
4.7 |
|
4.1 |
4.4 |
|
5 |
5 |
|
Investment Instruments |
5 |
1 |
Platforms and Charting Tools |
4.1 |
4.8 |
Deposit and Withdrawal |
3.5 |
4.6 |
Research |
1.2 |
5 |
Education |
1.5 |
4.8 |
Support |
2.4 |
4.7 |
Bonuses |
1 |
5 |
|
Your capital is at risk.
|
Hotbit vs CoinEx: Pros and Cons
The Hotbit cryptocurrency exchange offers spot and ETF trading without leverage. Bitcoin and the most popular altcoins are traded on the platform, including Ethereum, Litcoin, Ripple, etc. Several fiat currencies are represented, including the US dollar, euro, and Chinese yuan. The exchange implements five investment solutions, including De-Fi coin deposits, lending, and POS. Trading commissions on the exchange are fixed and do not depend on the trading volume, for example, 0.05% for the maker, and 0.2% for the taker. The commission for withdrawing funds by any of the methods is BTC 0.001 or the equivalent in the withdrawn currency. In addition to the web terminal, there is a mobile application for iOS and Android. There is a listing that promotes the addition of new cryptocurrencies, and coins are constantly being added to the platform.
The CoinEx exchange is a multifunctional platform that combines the functions of the cryptocurrency market and a crypto exchange. Bitcoin, Ethereum, USDT, and dozens of other cryptocurrencies and tokens are at the trader’s disposal. Assets are exchanged and traded relative to each other, and there are pairs with world currencies, the most prominent contracts are with USD. The exchange has a large trading volume, and thanks to the patented lightning-quick match engine, the company guarantees the simultaneous stability of thousands of orders, each of which is reliably protected. The site has its proprietary CET coin, which is issued daily. In addition to the web version of the trading terminal, there’s is a user-friendly mobile application. Fees are fixed and they depend on the trading level and the presence/absence of VIP status.
| Hotbit | CoinEx | |
|---|---|---|
| Overall Pros | Over 1500 supported coins | large trading volumes, loads of cryptocurrencies, and tokens; |
| the simple and convenient trading platform | convenient and functional mobile application; | |
| five investment solutions | low fees (especially with VIP status); | |
| Negative maker's fee | you can get the status of a market maker and an ambassador; | |
| Leveraged ETF contracts | ||
| ViaBTC investmen platform | ||
| DEX exchange is supported | ||
| round-the-clock professional technical support. | ||
| regulated crypto exchange | ||
| large trading volumes, loads of cryptocurrencies, and tokens; | ||
| convenient and functional mobile application; | ||
| low fees (especially with VIP status); | ||
| You can get the status of a market maker and an ambassador; | ||
| legal license for digital assets; | ||
| the company has a reserve fund; | ||
| Overall Cons | Non regulated | affiliate program for ambassadors only |
| Successful hack attacks | absence of investment programs | |
| US customers are not supported | ||
| high taker's fee |
Hotbit vs CoinEx: Safety and Regulation
| Regulated By: | Hotbit | CoinEx |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Estonian Financial Intelligence Unit (FIU). |
Hotbit vs CoinEx: Trading Conditions
| Trading Conditions | Hotbit | CoinEx |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
Hotbit |
CoinEx |
Max Leverage (Futures) |
44562 |
44562 |
Number of Markets |
1500+ |
1007+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, Fiat currencies |
Cryptocurrencies, fiat currencies |
Hotbit vs CoinEx: Fees
Trading Fees
| Fee | Hotbit | CoinEx |
|---|---|---|
Max Maker |
-0.05% |
0.2% |
Max Taker |
0.65% |
0.2% |
Min Maker |
-0.5% |
0 |
Min Taker |
0.20% |
0.04% |
Debit/Credit Card Purchase Fee |
Not supported |
0 |
Futures Trading fees
| Fee | Hotbit | CoinEx |
|---|---|---|
Max Maker |
not supported |
0.03% |
Max Taker |
not supported |
0.05% |
Min Maker |
not supported |
-0.0150% |
Min Taker |
not supported |
0.0250% |
Non-Trading Fees
| Fee | Hotbit | CoinEx |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
Not supported |
|
BTC Withdrawal Fee |
0.001 BTC |
0.0001 BTC |
Inactivity Fee |
No |
Hotbit vs CoinEx: Trading Assets
| Asset Name | Hotbit | CoinEx |
|---|---|---|
Overall |
1500+ |
594+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
Yes |
Yes |
Crypto ETF |
Yes |
No |
Hotbit or CoinEx: Investment Programs
| Asset Name | Hotbit | CoinEx |
|---|---|---|
Staking |
Yes |
No |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Lending. Credits are provided to projects by affiliates of the exchange; Deposits in De-Fi coins; Quantitative and Incentive Plans. In both cases, the investor provides cryptocurrency from his account for the development of blockchain projects and the personal needs of the platform. |
No |
Trading Platforms: CoinEx or Hotbit
| Hotbit | CoinEx | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: CoinEx or Hotbit
| Hotbit | CoinEx | |
|---|---|---|
SMS Based 2 FA |
Yes |
Yes |
App Based 2 FA |
No |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: CoinEx or Hotbit
| Hotbit | CoinEx | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: CoinEx or Hotbit
| Hotbit | CoinEx | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: CoinEx or Hotbit
| Hotbit | CoinEx | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
Hotbit vs CoinEx: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Hotbit | CoinEx |
|---|---|---|
Bank Transfer |
No |
Yes (Only deposit) |
Credit/Debit Card |
Yes |
Yes (Only deposit) |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
Hotbit vs CoinEx: Research
| Research Type | Hotbit | CoinEx |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
NO |
Yes |
E-Mail Reports |
No |
No |
Hotbit vs CoinEx: Education
| Education Type | Hotbit | CoinEx |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Webinars |
No |
No |
CoinEx vs Hotbit: Support
| Support Features | Hotbit | CoinEx |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
No |
No |
Hotbit vs CoinEx: Crypto Bonuses and Promo
| Promo | Hotbit | CoinEx |
|---|---|---|
Crypto Bonus |
No |
Learn crypto and Earn it |
Affiliate Program |
No |
The affiliate program is available only to ambassadors (partners) of the site. All users who came to the site using the ambassador's referral link bring him a profit expressed as a percentage of the fees for the transactions: up to $500,000 — 40% of fees are paid; up to $2,500,000 — 45% of fees are paid; up to $10,000,000 — 50% of the fees are paid. |
|
Your capital is at risk.
|
Top 5 Reviews on CoinEx
-
Comment
I've had a mixed experience with CoinEx, but generally it was positive, thanks to its user-friendly interface, wide range of supported cryptocurrencies, and competitive trading fees. However, there is room for improvement in areas such as customer support and security, which the exchange could address to further enhance the overall user experience.
-
Comment
I have been working with this crypto broker for 7 months now. In general, I am satisfied with the work, sometimes there are problems with the site. You can ignore this. There were other options, but the choice of CoinEx turned out to be successful!
-
Comment
Quickly withdraw money, support works efficiently, always explains everything and helps. It would seem, what else is lacking for a trader? Just a license is not enough for me, without it it’s somehow restless all the same. But otherwise CoinEx is excellent. I recommend.
-
Comment
Well… Just for trading CoinEx will do. In a sense, the conditions are adequate, the commission does not look like a robbery, and the choice of tools is normal. But if you, say, want to delve into analytics, then CoinEx will no longer work. There are very few analytics. So it is only enough for beginners. With a deposit of $ 1, I think this is just the option for beginners. If anything, you can also contact support, they always answered me quickly and to the point. But you won’t get additional income in CoinEx: there are no investment offers, and the referral program, which surprised me, is only for ambassadors. And then there are the freezes. In short, it’s better not to worry and just trade, and then find a broker to invest.
-
Comment
It seems to me that for those who are just starting their journey in cryptocurrency trading, CoinEx is ideal. Everything you need is here, such as an intuitive platform that does not need to be individually installed on your device, there are plenty of assets for trading, the minimum deposit is only $1, and there are basic training materials. So at least newbies will not be very busy and will learn information gradually. That's exactly how it was for me. First, I read the guides in CoinEx, then I went to look for additional information, plus I honed my skills in parallel.
Top 5 Reviews on Hotbit
-
Comment
The Hotbit exchange behaved unworthily after closing. They promised to withdraw the money within a few months in 2023. But now it's already February 2024, and my 5000 USDT are still on this exchange. And I suppose I won't be able to get my money back. Even the fact that the Hotbit exchange was registered didn't help me get my money back.
-
Comment
The Hotbit exchange is the most disgusting platform for cryptocurrency trading. Not only did their platform work very poorly, but they also didn't withdraw my funds after announcing the closure of the exchange. This is already called fraud. A group of traders and I tried to file a collective lawsuit, but we were told that we wouldn't achieve anything.
-
Comment
At first, the Hotbit exchange announced the temporary suspension of Bitcoin withdrawals, then they halted USDT withdrawals. I should have reacted immediately, converting everything to XRP and withdrawing. My friend did just that. However, I waited for the situation to be resolved. When the announcement came about the cessation of Hotbit's operations, it was already too late. Although they mentioned that withdrawals could be made until July, none of my withdrawal requests were executed.
-
Comment
My access to the Hotbit exchange account was blocked even before the exchange announced the cessation of its operations. I don't know about the withdrawal situation for other users; however, nobody returned my money from Hotbit. I lost $1280 here, and I believe they were simply stolen!
-
Comment
HOTBIT is also nonsense. It allowed me to deposit money without verification. And when I decided to make a withdrawal, they demanded verification. And I didn’t pass it, I don’t know why. I am submitting documents for the second time, since I have to withdraw the money.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.