Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- Regulatory registrations in Australia, including AUSTRAC DCE/RSR and FinCEN MSB;
- Low fees for spot trading and futures;
- Maximum leverage of 1:10 for margin trading;
- User-friendly trading platform available in desktop, web, and mobile versions.
- Limited support for fiat currencies;
- Low liquidity for certain crypto pairs.
Hotcoin is a global multi-asset trading platform founded in 2017. Its product portfolio includes Spot Trading, Futures Trading, P2P, third-party crypto purchases, Copy Trading, Prediction Markets, Alpha, Pre-Market Trading, Earn, Web3 Wallet, Futures Grid, Convert, Hotcoin Card, TradFi Spot, and TradFi Futures. Hotcoin reports over 8.1 million users across 120+ countries and regions. According to its official website, the platform supports 300+ spot trading pairs and 500+ futures trading pairs. It offers an accessible interface for beginners and advanced trading tools for experienced users. Product availability varies by jurisdiction.
TU Expert Verdict
Hotcoin demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Crypto Exchanges Traders Prefer
Hotcoin User Reviews
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Hotcoin Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.6.3 /10Hotcoin received a 6.3/10 score for its trading fees. While Hotcoin is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Futures fees below industry average
- No deposit fee
- No P2P fee
- Spot fee above industry average
- Withdrawal fee may be applied
What are Hotcoin trading fees?
We analyzed Hotcoin’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Hotcoin trading fees vs competitors
Hotcoin Nexus Trade CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.2 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.2 0.22 0.2 0.194 Futures, maker fee(%) 0.02 0 0 0.024 Futures, taker fee(%) 0.06 0 0.053 What are Hotcoin deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 0 Withdrawal fee, % 0.0005 ВТС 0.0001 ЕТН Does Hotcoin offer P2P trading?
Yes, Hotcoin offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Hotcoin P2P Fees Hotcoin MaiCoin MAX BTSE P2P maker fee (%) 0 0,1 0,01 P2P taker fee (%) 0 0,15 0,05 -
Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology9.8 /10Hotcoin has earned a rating of 9.8/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Facial recognition
- Tier-1 regulation
- 2FA
- Cold wallet storage
- Government-regulated
- Investor protection fund
- Not U.S regulated
- Successful hacks history
We also compared Hotcoin against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
Hotcoin Security Factors Hotcoin Coinbase Kraken Tier-1 regulation YesYesYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. YesYesNo2FA YesYesYesFacial recognition YesNoNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. YesYesNoIs Hotcoin a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
Hotcoin is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Hotcoin is authorized or licensed in accordance with local regulations in the following regions: Hotcoin-related entities in Australia disclose AUSTRAC Digital Currency Exchange (DCE) and Remittance Sector Register (RSR) registrations. HOTBGLOBAL FINANCE LIMITED is registered with FinCEN as a Money Services Business (MSB), registration number 31000243510990. These registrations apply to the respective legal entities and activities and do not constitute a single global exchange licence or government endorsement..
Is verification (KYC) mandatory at Hotcoin?
Yes, KYC verification is mandatory at Hotcoin. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is Hotcoin available in the USA?
Hotcoin is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Coinbase, Kraken, OKX .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.3.5 /10Hotcoin received a 3.5/10 rating for its deposit and withdrawal services. Hotcoin offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- P2P for flexible transfers
- Many cryptocurrencies for deposits and withdrawals
- Withdrawal fee applies
- No Google Pay option
Deposit and withdrawal options
Hotcoin supports the following deposit and withdrawal options: Crypto.
Hotcoin Deposit and withdrawal options vs competitors
Hotcoin Coinbase Kraken Bank transfers NoYesYesBank card NoYesYesCrypto YesYesYesPayPal NoYesYesWhat is Hotcoin minimum deposit?
The minimum deposit at Hotcoin is 5 USD/USDT or 1 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Hotcoin minimum deposit vs competitors
Hotcoin Coinbase Kraken Minimum deposit, USD or USDT 5 10 10 Minimum deposit, BTC 1 1 1 Minimum trade amount, USD/USDT 1 2 1 Does Hotcoin support fiat money?
Hotcoin supports fiat currency trading and account funding. The following fiat currencies are accepted: USD, EUR.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.9.3 /10Hotcoin received a score of 9.3/10 in this category, highlighting its excellent selection of tradable assets and market access. Hotcoin supports 500 coins and caters to various trading types, making it a strong choice for both active traders and long-term investors.
- Trading on real-world event outcomes
- Crypto copy trading available
- Access to TradFi perpetual futures on stocks and indices
- Crypto options not available
- Yield farming not available
Hotcoin supported coins and markets vs competitors
We compared Hotcoin with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
Hotcoin Coinbase Kraken Supported coins 500 400+ 400+ Futures/Perpetual contracts YesYesYesOptions NoNoNoNFTs YesYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. YesYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. YesYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. YesNoNoOther Assets The platform offers a wide range of products, including Spot and Futures Trading, P2P, Copy Trading, Prediction Markets, Alpha, Pre-Market Trading, Earn, Web3 Wallet, Futures Grid, Convert, Hotcoin Card, TradFi Spot, TradFi Futures, and third-party crypto purchases. Product availability may vary by region. Pre-IPO Forex, IPO Hotcoin passive income options vs competitors
We also compared Hotcoin with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
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Trading Apps & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn more in our Methodology.6.8 /10Hotcoin received a score of 6.8/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- App data protection with 2FA
- Strategy sharing with Copy Trading
- Advanced tools and automation with API
- Fast and secure login with Face ID
- Android App score below 4 points
- No access to TradingView features
- iOS App score 2.6
Trading apps
Hotcoin provides web and mobile apps for both Android and iOS users, with an average rating of 2.6 on the App Store and 3.4 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Hotcoin platform is for mobile use.
Hotcoin Coinbase Kraken 2FA YesYesYesFace ID YesNoNoMob Indicators YesYesYesAlerts NoYesYesAdvanced Orders These are specialized trading features that give users more precise control over how trades are executed. Examples include Stop-Limit, Trailing Stop, and OCO (One Cancels the Other). These tools may only be available on the web version of the platform. YesYesYesTrading with bots NoNoNoAPI YesYesYesExtra trading platforms These refer to third-party platforms supported by the crypto exchange in addition to its own proprietary system. NoNoNoDoes Hotcoin offer a desktop app?
Yes, Hotcoin offers a desktop app with full trading functionality. It supports advanced charting, fast execution, and is compatible with both Windows and macOS systems.
Does Hotcoin offer advanced charting with TradingView integration?
No, Hotcoin does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
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Customer Support
Score:We evaluated Customer Support at Hotcoin based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria4.1 /10Hotcoin provides below-average customer support, with noticeable limitations in communication channels, service availability, or additional assistance resources.
During TU testing, the exchange received a relatively low score for support accessibility and responsiveness. Users may face difficulties obtaining timely assistance with account access, deposits, withdrawals, or trading-related issues.
- Live chat support available
- 24/7 customer support available
- Support ticket system available
- Limited language support
- Email support unavailable
Hotcoin Support Channels vs Competitors
Hotcoin Coinbase Kraken Live Chat YesYesYesEmail Support YesNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support NoYesYesContacts Official site https://www.hotcoin.com/
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