LATOKEN vs Hotbit: Fees, Coins, Safety Comparison
| Feature | LATOKEN | Hotbit |
|---|---|---|
Overall |
3.0 |
3.8 |
2.6 |
1.8 |
|
3.4 |
4.1 |
|
4.5 |
5 |
|
Investment Instruments |
2.6 |
5 |
Platforms and Charting Tools |
2.7 |
4.1 |
Deposit and Withdrawal |
3.9 |
3.5 |
Research |
3.6 |
1.2 |
Education |
3.2 |
1.5 |
Support |
1.7 |
2.4 |
Bonuses |
2.4 |
1 |
|
Your capital is at risk.
|
LATOKEN vs Hotbit: Pros and Cons
The LATOKEN cryptocurrency exchange is a universal platform for exchanging, buying, and selling cryptocurrencies and tokens. Bitcoin, Ethereum, Litecoin, Tether, TRX, EOS, LA, and dozens of other assets are traded on the exchange. There is no fiat trading on this platform. There is margin swap trading on crypto-crypto pairs, as well as trading on leveraged perpetual contracts. The exchange has a referral program with bonus payments, there is the possibility of passive earnings through staking deposits in DeFi coins, and investing in developing blockchain projects.
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 The commission for withdrawing funds by any of the methods is BTC 0.001 or the equivalent in the withdrawn currency.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.
| LATOKEN | Hotbit | |
|---|---|---|
| Overall Pros | on the exchange, you can trade Bitcoin, dozens of altcoins, and the most popular tokens; | Over 1500 supported coins |
| after registration, each user receives a welcome bonus in tokens; | the simple and convenient trading platform | |
| advantageous referral program for which you and your referral receive $50 each; | five investment solutions | |
| functional proprietary mobile application developed for iOS and Android gadgets; | Negative maker's fee | |
| comfortable and favorable conditions for investment programs such as staking, deposits in DeFi and large blockchain projects; | Leveraged ETF contracts | |
| the opportunity to introduce your own coin to the platform and offer your project for investment; | ||
| 99.5% of assets are cold stored; | ||
| Security: 2FA authentication, TLS encryption, and DDOS protection. | ||
| Overall Cons | no demo accounts or tutorials for novice crypto traders; | Non regulated |
| communication with the technical support of the platform is available only by email and through tickets; | Successful hack attacks | |
| fiats are not traded on the LATOKEN cryptocurrency exchange because the platform has only cryptocurrencies and tokens. | US customers are not supported | |
| high taker's fee |
LATOKEN vs Hotbit: Safety and Regulation
| Regulated By: | LATOKEN | Hotbit |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Cayman Islands Monetary Authority |
No |
LATOKEN vs Hotbit: Trading Conditions
| Trading Conditions | LATOKEN | Hotbit |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
TradingView for browsers; mobile apps; proprietary crowdfunding platform |
Hotbit |
Max Leverage (Futures) |
44593 |
44562 |
Number of Markets |
130+ |
1500+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies |
Cryptocurrencies, Fiat currencies |
LATOKEN vs Hotbit: Fees
Trading Fees
| Fee | LATOKEN | Hotbit |
|---|---|---|
Max Maker |
0.0022 |
-0.05% |
Max Taker |
0.28% |
0.65% |
Min Maker |
0.177% |
-0.5% |
Min Taker |
0.221% |
0.20% |
Debit/Credit Card Purchase Fee |
0.01 |
Not supported |
Futures Trading fees
| Fee | LATOKEN | Hotbit |
|---|---|---|
Max Maker |
not supported |
not supported |
Max Taker |
not supported |
not supported |
Min Maker |
not supported |
not supported |
Min Taker |
not supported |
not supported |
Non-Trading Fees
| Fee | LATOKEN | Hotbit |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
0.01 |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
0.035 |
|
BTC Withdrawal Fee |
0,0005 BTC |
0.001 BTC |
Inactivity Fee |
No |
LATOKEN vs Hotbit: Trading Assets
| Asset Name | LATOKEN | Hotbit |
|---|---|---|
Overall |
130+ |
1500+ |
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 |
No |
NFT |
Yes |
Yes |
Crypto ETF |
No |
Yes |
LATOKEN or Hotbit: Investment Programs
| Asset Name | LATOKEN | Hotbit |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
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. |
Trading Platforms: Hotbit or LATOKEN
| LATOKEN | Hotbit | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Hotbit or LATOKEN
| LATOKEN | Hotbit | |
|---|---|---|
SMS Based 2 FA |
Yes |
Yes |
App Based 2 FA |
Yes |
No |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Hotbit or LATOKEN
| LATOKEN | Hotbit | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
No |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
No |
Mobile trading: Hotbit or LATOKEN
| LATOKEN | Hotbit | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Hotbit or LATOKEN
| LATOKEN | Hotbit | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
LATOKEN vs Hotbit: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | LATOKEN | Hotbit |
|---|---|---|
Bank Transfer |
No |
No |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
LATOKEN vs Hotbit: Research
| Research Type | LATOKEN | Hotbit |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
NO |
E-Mail Reports |
No |
No |
LATOKEN vs Hotbit: Education
| Education Type | LATOKEN | Hotbit |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
No |
Hotbit vs LATOKEN: Support
| Support Features | LATOKEN | Hotbit |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
No |
Online chat |
No |
Yes |
Other |
Request form |
No |
LATOKEN vs Hotbit: Crypto Bonuses and Promo
| Promo | LATOKEN | Hotbit |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
Any user who registers with the platform using your referral link and undergoes identity verification will bring you a one-time bonus of $50. Your partner will also receive a like bonus. Bonus funds cannot be traded or used for investment, but they can be used to reduce trading fees. For each operation, you can pay up to 25% of the commission from the pool of referral bonuses. |
No |
|
Your capital is at risk.
|
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.
Top 5 Reviews on LATOKEN
-
Comment
I think that LATOKEN is a low-level exchange. Those looking for good returns and volume have nothing to do here. But for novice crypto traders, LATOKEN is quite a good option. The main thing is to understand this platform and not to risk large orders. Volumes are small for very active trading, but for one or two trades per day this is quite ok.
-
Comment
At the LATOKEN exchange, various methods are used to ensure that users' funds remain on the exchange. The most popular method is using third-party wallets in the user's personal account. This means that the user, by copying the address in their LATOKEN account, transfers funds to a completely different wallet. This happens because the exchange changes the cryptocurrency network. However, the user is held responsible for such transfers, and no one refunds the money to them.
-
Comment
The Latoken exchange inflates trading volumes. As a result, my orders can linger in the order book for a very long time. Even though my orders do not get executed, periodically, orders appear in the order book and quickly disappear. It seems very much like Latoken exchange introduces robots into the trading terminal that engage in trading. I am afraid this might be simulated trading rather than actual trading on the real market.
-
Comment
A very negative opinion about the LATOKEN exchange. There is no communication even with the customer support. When the platform freezes at the moment of order opening, I brace myself for the worst. Several times, when opening an order, LATOKEN provided a price worse than the market price. The platform issues cannot be resolved, and customer support is unresponsive. In general, I had to leave this exchange.
-
Comment
One fine day, I decided to log into my account on the cryptocurrency trading platform provided by Latoken exchange. And what do you think? They had blocked my account. Without any reasons or explanations, and of course, there was a substantial amount of money in it. I received no warning emails. The Latoken support team is ignoring me.
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.