Hotbit vs KuCoin: Fees, Coins, Safety Comparison
Feature | Hotbit | KuCoin |
---|---|---|
Overall |
3.8 |
4.5 |
1.8 |
2.7 |
|
4.1 |
4.5 |
|
5 |
5.0 |
|
Investment Instruments |
5 |
4.8 |
Platforms and Charting Tools |
4.1 |
4.7 |
Deposit and Withdrawal |
3.5 |
4.6 |
Research |
1.2 |
4.3 |
Education |
1.5 |
4.8 |
Support |
2.4 |
3.8 |
Bonuses |
1 |
4.4 |
Your capital is at risk.
|
Hotbit vs KuCoin: 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 The commission for withdrawing funds by any of the methods is BTC 0.001 or the equivalent in the withdrawn currency.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.
KuCoin surfaced in 2017, and within years it has developed into one of the largest crypto exchanges by trading volume. Apart from basic trading options, the platform also offers peer-to-peer (P2P) trading, margin, and futures trading. It also allows users to lend or stake their currencies to win rewards and has relatively lower trading fees than the competitors. If you’re a US trader, you need to sign up for a KuCoin account to use KuCoin; however, the features are limited.
Hotbit | KuCoin | |
---|---|---|
Overall Pros | Over 1500 supported coins | Trading With Leverage up to 1:100 |
the simple and convenient trading platform | Derivatives, NFT Available | |
five investment solutions | Low trading and non trading fees | |
Negative maker's fee | Passive Income With Staking and Mining Pool | |
Leveraged ETF contracts | Great bonus program | |
Overall Cons | Non regulated | Not regulated |
Successful hack attacks | Limited access in the US | |
US customers are not supported | ||
high taker's fee |
Hotbit vs KuCoin: Safety and Regulation
Regulated By: | Hotbit | KuCoin |
---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
Hotbit vs KuCoin: Trading Conditions
Trading Conditions | Hotbit | KuCoin |
---|---|---|
Minimum Deposit |
$1 |
$5 |
Trading Platforms |
Hotbit |
KuCoin |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
1500+ |
630 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, Fiat currencies |
20 fiat currencies + cryptocurrencies |
Hotbit vs KuCoin: Fees
Trading Fees
Fee | Hotbit | KuCoin |
---|---|---|
Max Maker |
-0.05% |
0.1% |
Max Taker |
0.65% |
0.1% |
Min Maker |
-0.5% |
0.0125% |
Min Taker |
0.20% |
0.03% |
Debit/Credit Card Purchase Fee |
Not supported |
0.1% |
Futures Trading fees
Fee | Hotbit | KuCoin |
---|---|---|
Max Maker |
not supported |
0.02% |
Max Taker |
not supported |
0.06% |
Min Maker |
not supported |
0 |
Min Taker |
not supported |
0 |
Non-Trading Fees
Fee | Hotbit | KuCoin |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
0 |
Debit/Credit Card Withdrawal Fee |
0 |
|
BTC Withdrawal Fee |
0.001 BTC |
0.0005 BTC |
Inactivity Fee |
No |
Hotbit vs KuCoin: Trading Assets
Asset Name | Hotbit | KuCoin |
---|---|---|
Overall |
1500+ |
630+ |
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 KuCoin: Investment Programs
Asset Name | Hotbit | KuCoin |
---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
Yes |
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. |
Cloud Mining |
Trading Platforms: KuCoin or Hotbit
Hotbit | KuCoin | |
---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Your capital is at risk.
|
Trading Platforms Features: KuCoin or Hotbit
Hotbit | KuCoin | |
---|---|---|
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: KuCoin or Hotbit
Hotbit | KuCoin | |
---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: KuCoin or Hotbit
Hotbit | KuCoin | |
---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: KuCoin or Hotbit
Hotbit | KuCoin | |
---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
Hotbit vs KuCoin: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Hotbit | KuCoin |
---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
Hotbit vs KuCoin: Research
Research Type | Hotbit | KuCoin |
---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
No |
Trading Ideas |
NO |
No |
E-Mail Reports |
No |
No |
Hotbit vs KuCoin: Education
Education Type | Hotbit | KuCoin |
---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
Yes |
KuCoin vs Hotbit: Support
Support Features | Hotbit | KuCoin |
---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
No |
No |
Hotbit vs KuCoin: Crypto Bonuses and Promo
Promo | Hotbit | KuCoin |
---|---|---|
Crypto Bonus |
No |
Crypto Bonuses up to $500 |
Affiliate Program |
No |
40% of the partner's trading commissions |
Your capital is at risk.
|
Top 5 Reviews on KuCoin
-
Comment
KuCoin provides access to a wide range of digital assets, including many lesser-known or niche coins. Despite this, my encounter with KuCoin has been nothing short of frustrating . On numerous occasions, I've encountered issues with deposits, withdrawals, or trade executions. I cannot in good conscience recommend this exchange to anyone looking for a reliable and trustworthy platform for trading cryptocurrencies.
-
Comment
If you trade cryptocurrencies, then definitely not here. They made a name for themselves earlier, but the trade has deteriorated, only the name remains, but this is catastrophically small!
-
Comment
Another exchange that will eventually scam or be hacked, everything is clear with it. More than once I was given an error when entering the site. There are already the first calls. I withdraw money, and I advise you.
-
Comment
Bad exchange, with high trading fees. I do not recommend even starting trading on KuCoin. I would give her a much lower place in the ranking, given the quality of the services she provides!
-
Comment
The first thing I pay attention to is the working hours of the crypto exchange. KuCoin has been operating since 2013, and this is quite a long time, so the company aroused my confidence. But to say that KuCoin is somehow very different from the competition and seems like a better option? I don't have that. Some users are attracted by the number of instruments, others by competitions within the exchange or leverage up to 1:100. But for me, high-quality analytics and the ability to delve into the market are much more important. Well, with KuCoin it didn't work out for me. The functionality of their own platform is good for beginners and not too fastidious traders, it is basic. I was not hooked, but I can’t say anything bad about this exchange either.
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.