Hotbit is... a crypto exchange in monitoring traders Masterforex-V

Hotbit is a cryptocurrency exchange registered in Estonia and Hong Kong, a leader in the number of digital coins presented (more than 1.5 thousand), issuer of the HTB token.

Hotbit exchange through the criteria of Masterforex-V analysts

General information about the crypto exchange
1.	Exchange name RU	Hotbeat
2.	Crypto exchange name EN	Hotbit
3.	A country	Estonia, Hong Kong
4.	Year of foundation	2018
5.	Founder	n.d.
6.	Personal account for traders and investors	Yes
7.	Quotes and charts online	presented on the exchange website
8.	Trading session	around the clock
Investments
9.	Trading volume (USD)	BTC - 774.65, ETH - 5548.27, USDT - 205439319.02 (daily in June 2021)
10.	List of cryptocurrencies	BTC (Bitcoin), ETH (Ethereum), DOGE (DOGECOIN), SHIB (SHIBA INU), HTB (Hotbit Token), FIL (Filecoin), DOT (Polkadot), etc. (total - 1550 coins in June 2021)
11.	List of fiat (fiduciary) currencies (tickers)	USD
12.	Currency pairs	AKITA/USDT, BCH/USDT, XRP/USDT, DOT/BTC, ADA/USDT, THETA/BTC, XTZ/BTC, AVAX/BTC, SUSHI/BTC, VET/ETH, COMP/BTC, BTC1D3L/USDT, RSR/ USDT, TRB/USDT, BSV/USDT, etc. (about 1.6 thousand pairs in June 2021)
13.	Other financial instruments	ETF
14.	Minimum deposit for trading	0.0000000001 BTC
15.	Min trading lot	—
16.	PAMM account	absent
17.	LAMM accounts for autocopying transactions	absent
18.	Currency hedging	stop loss
19.	Expert Advisors and Indicators	allowed
20.	Depositing/withdrawing money from a trading account	cryptocurrency wallets, E-pay
21.	Mobile trading	downloading the application via App Store, Google Play, Android APK
Analytics and stock trading training
22.	Analytics and forecasts	No
23.	Trader training	no professional training, only a quick guide
Crypto exchange regulators
24.	State financial regulator	FSAEE, SFC
25.	Central Bank of the country	Bank of Estonia
Contacts
26.	Official site	hotbit.io
27.	Multilingual technical support	English, Russian, Italian + 6 more languages
28.	Social network pages	twitter.com/Hotbit_news , facebook.com/hotbitexchange , t.me/Hotbit_English

Start of Trading

The client gets the opportunity to invest real money after replenishing the deposit. These manipulations are carried out through the “Trey D” tab. Here you need to select the most attractive (in the investor’s opinion) currency, study the fluctuation chart (at the top of the page, various options are available with the “length” of the chart from several hours to six months) and fill out an order for the transaction (indicate the transaction amount and other features). The purchase of assets at market price is carried out instantly. The sale is carried out in a similar way (when placing an order, the exchange charges an automatic commission of 0.2%).

Trading on the exchange website

Registration on the Hotbit exchange

Registration on the Hotbit crypto exchange is carried out at: hotbit.io/register

To register, you must enter your mobile phone number, password, email address and the code sent to it. If there is a referral link, then hers too.

Screenshot from the official website.

Safety

The exchange does not have a verification system at all. To protect their funds, users are advised to enable SMS protection and two-factor verification (2fa) in their settings.

The Hotbit team claims to use various security measures to protect customer funds. At the same time, studies by the Mozilla Observatory showed a low level of protection - F - typical for almost all cryptocurrency platforms.

There are no reported cases of successful hacker attacks on the exchange, but cases of hacking of individual accounts occur and Hotbit itself is suspected of this.

Trade on the Hotbit exchange

The Hotbit crypto exchange offers a huge number of digital coins for trading - more than 1.5 thousand.

Of the official currencies, only the American dollar is available for trading. In the site menu you can select RUB, CNY, KRW, THB, EUR, JPY, TWD, but trading with them is not yet available. The choice of the specified currencies only means that the prices of cryptocurrencies will be displayed in them.

The Hotbit crypto exchange operates a spot and ETF market; there is no margin trading.

Screenshot from the official website.

Yobit Exchange Support Service

YoBit's professional support service is ready to help at any time in case of problems. To contact representatives of the site, you must fill out a ticket through the system. You will need to log into your account, click the “support” button and describe the problem situation. Our staff will understand the problem and quickly provide professional assistance.

Moreover, the site has a section with answers to the most common questions. There may also be useful information here. Also, technical support works around the clock in the Telegram group (https://t.me/yobichatru). There are not only 3,000 active participants registered here, but also a dozen administrators who monitor messages around the clock and help with practical advice.

Those. support

Trading on the Hotbit exchange for Russian rubles

Trading for Russian rubles is not available on the Hotbit crypto exchange.

Additional materials about the Russian economy:

• Moscow exchange MOEX according to negative reviews Masterforex-V,
• NTB is the organizer of the Russian exchange commodity market,
• TsROFR is the center for regulating relations in financial markets,
• KROUFR (Commission for Regulation of Relations of Participants in Financial Markets),
• RAUFR (Russian Association of Financial Market Participants),
• FSFM (Federal Service for Financial Markets),
• NAFD (TsRFIN) – pseudo-regulator of the Russian Federation,
• The ruble exchange rate is... definition and recommendations of Masterforex-V traders,
• Russian banknotes from Masterforex-V traders,
• Central Bank (CB) of Russia,
• Forex brokers in Russia from Masterforex-V traders,
• St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) is the No. 1 commodity exchange in Russia,
• FORTS is the No. 1 exchange for trading derivatives in the Russian Federation and Eastern Europe,
• USD RUB: online ruble exchange rate chart and forecasts from Masterforex-V.

YoBit DeFi reviews

Regardless of the fact that the DeFi platform of the YoBit exchange is still very young, it has already gained significant momentum.

Thousands of traders and those users who rely solely on investor income join it every day. Most of all, people praise the new platform for the following features:

1. Greater liquidity.
2. Good course.
3. The absence of lags, freezes and other negative aspects that are critical for the volatile cryptocurrency market.
4. Complete absence of KYC rules, verification and other problems of legal sites.
5. There is a general positive background around the project, which adds optimism and is confirmed by the daily replenishment of text and video reviews from those who have long and firmly established themselves as one of the traders of the YoBit exchange - an example could be this video from the popular Russian-language cryptocurrency YouTube channel.
6. There are even more YoBit fans in the English-speaking segment. You can gauge the enthusiasm of blogger traders by watching videos like the one you can find by clicking here.

Trading on the Hotbit exchange for Ukrainian hryvnia

The Hotbit crypto exchange does not allow trading for Ukrainian hryvnia.

Additional materials about the Ukrainian economy:

• National Bank of Ukraine through monitoring of Masterforex-V traders,
• UAH RUB: Ukrainian hryvnia to ruble exchange rate from Masterforex-V traders,
• USD UAH: online hryvnia exchange rate chart and forecasts from Masterforex-V,
• Banknotes (bills) of Ukraine through the eyes of Masterforex-V traders,
• Forex brokers in Ukraine from Masterforex-V traders.

Trading on the Hotbit exchange for tenge

The Hotbit crypto exchange does not support trading in Kazakhstani tenge.

Additional materials about the economy of Kazakhstan:

• AFSA is an independent financial regulator of Kazakhstan,
• ATF24 is the No. 1 payment system in Kazakhstan from Masterforex-V,
• RUB KZT: Russian ruble to tenge exchange rate from Masterforex-V,
• USD KZT: US dollar to tenge exchange rate from Masterforex-V traders,
• Banknotes (bills) of Kazakhstan through the eyes of Masterforex-V traders,
• National Bank of Kazakhstan through the eyes of Masterforex-V traders,
• Forex brokers in Kazakhstan from Masterforex-V traders.

DeFi YoBit: how to use

You can learn to use DeFi on YoBit.net in a couple of minutes, even if the user has never worked on cryptocurrency exchanges before. The site’s designers created a unique design, based on which all key data and functions of the DeFi platform are located on one main page of the exchange. The main blocks are as follows:

1. The statistical section Market - the DeFi tab of this table is open by default and contains the following data: vertical list of pools (currency), the total volume of each of them (LV), transaction volume for the last 24 hours (Vol24), floating annual income (YP) .
2. A small block with financial information on a specific liquidity pool is opened by clicking on one of the pools in the table (it contains approximately the same information, but in a more convenient and detailed form, without unnecessary data on other DeFi platforms).
3. Two swap sections a little lower are a section for direct trading of assets that are in one of the pools selected in advance in the table (here you can enter into instant transactions to buy and sell one of the pair’s assets).
4. Blocks “Add liquidity” and “Take liquidity” - through the first section, you can quickly send the selected pair of cryptocurrencies in the required volume to the pool (via the MAX button or by entering the amount manually), and in the second, the user has the opportunity to withdraw part or all of their investments.
5. At the moment when the user’s cryptocurrency goes into the pool, statistics begin to be displayed at the bottom of the page, displaying: the percentage of income based on commissions, as well as the percentage of invested cryptocurrency in the volume of this pool on the exchange.

Hotbit exchange assets

On June 25, 2021, the daily trading volume on Hotbit amounted to $160 million.

TOP 10 popular pairs on the spot market of the Hotbit exchange (24-hour trading in $, data as of 06/25/2021):

1. SHIB/USDT – 44.04 million
2. BTC/USDT – 12.22 million
3. ETH/USDT – 8.16 million
4. DOT/USDT – 6.25 million.
5. LINK/USDT – 3.95 million.
6. OMG/USDT – 3.93 million.
7. ETH/BTC – 3.05 million
8. LTC/USDT – 2.51 million
9. ALGO/USDT – 2.37 million.
10. ALPHA/USDT – 2.23 million.

Trading commissions

Trading fees on Hotbit for all participants are 0.25%, which is approximately the market average. For example, the same commissions are present on the following sites:

• Bittrex;
• Coinbase;
• Upbit;
• Bitstamp.

Additional passive income on the Hotbit exchange

The Hotbit exchange offers traders additional passive income. When you deposit assets into a long-term deposit, interest is accrued on them. The deposit rate depends on the digital asset and placement period.

Screenshot from the official website.

Deposit on YoBit.net

You can start operations with cryptocurrency only if you have funds in your account. You can top it up using any currency by following these steps:

1. Open the “Balances” section located in the top menu of the user account.
2. Select the appropriate balance option from those that will be presented on the page that opens, and then press the button with the “+” sign.

1. Copy the provided cryptocurrency address. As an alternative, you can scan the QR code to which you plan to transfer funds through an exchanger or e-wallet.

The cryptocurrency exchange provides users with the opportunity to replenish their accounts not only using electronic coins, but also through traditional payment systems. The most common of them provide the following commission amounts:

— QIWI – 0%;

— AdvCash – 0% when replenishing, 2%-4% when withdrawing funds;

— PerfectMoney – 0% when depositing, 1% when withdrawing funds;

— Payeer – 0% when replenishing. The withdrawal fee depends on the currency and ranges from 2% to 7%.

Hotbit Exchange: reviews

The advantages of the Hotbit exchange include

• a huge number of digital coins
• multilingual site
• additional passive income
• fast site work
• full verification is not required
• there are additional tools for trading - ETFs

Among the disadvantages of the Hotbit exchange are called

• few trading pairs with fiat money (currently only USD is supported)
• no margin trading
• no referral program (but it is in the process of launching)

Yobit Affiliate Program

The cryptocurrency exchange is actively working to attract new users. According to the current referral program, every newcomer to YoBit will receive a guaranteed income through an affiliate reward. The size of the latter is equal to 20% of the system commission charged during transactions performed by clients. Also, program participants receive rewards when purchasing Bitcoin miners. It is 5% of the transaction volume.

Active Yubit users also earn good money. To do this, you should leave positive comments about the work of the cryptocurrency exchange on the CRYPTOTALK forum. For one such comment you can get 1 thousand sat BTC. There are no limits set for the first hundred reviews left by a user on the forum. After this, a restriction applies according to which the user cannot write more than 20 posts within 24 hours.

HTB – token exchange Hotbit

The Hotbit crypto exchange is issuing an HTB token (Hotbit Token). Below is the price chart of Hotbit Token to USDT (stablecoin pegged to USD).

Throughout 2019-2020, the Hotbit exchange token rate moved in a narrow corridor; in 2022, it soared sharply and is trading with high volatility.

What is the essence of the YoBit scam?

YoBit is a fake exchange. This is not how legal projects work. Hiding behind anonymity, YoBit admins do whatever they want. They steal money from accounts, and they have put this process on stream. Outraged customers write complaints to technical support, but they are of little use, or rather, none. Nobody is even going to answer you.

Place of the Hotbit exchange in the ranking of crypto exchanges in the world

The Hotbit exchange ranks 12th in the popularity ranking for queries in the Yandex search engine. The number of requests is 13093 per month.

Place	Name	Requests in Yandex per month	Trading volume in $ billion per 24 hours as of 06/09/21	Fiat currency support
1	Binance	632390	30	AED, ARS, AUD + 43 more
2	Liquid	135104	0,27	USD, JPY, EUR + 3 more
3	Coinbase Exchange	56464	4,23	USD, GBR, EUR
4	Kraken	50008	1,93	USD, EUR, GBP + 4 more
5	Gemini	46359	0,31	USD
6	EXMO	40879	0,076	USD, RUB, EUR
7	OKEx	25729	6,74	No
8	Gate.io	20494	0,89	KRW, EUR
9	Huobi Global	16377	8,24	ALL, AUD, BRL + 47 more
10	Crypto.com Exchange	16282	0,23	No
11	Poloniex	15701	0,23	No
12	Hotbit	13093	0,22	No
13	Currency.com	10696	0,096	RUB, USD + 2 more
14	Blockchain.com	8063	0,039	USD, EUR + 2 more
15	KuCoin	7111	1,55	No
16	Bittrex	7106	0,18	USD
17	50x	6928	<0,001	No
18	HitBTC	5687	3,55	No
19	Bitfinex	5162	1,72	USD, EUR + 2 more
20	Coinsbit	4828	2,75	EUR, USD
21	Hoo	4740	0,57	No
22	CoinEx	4512	0,12	No
23	AAX	4485	0,085	No
24	Mercado Bitcoin	3909	0,015	BRL
25	XT.COM	2563	3,69	AUD, GBR, USD + 4 more
26	Bithumb	2469	1,32	KRW
27	Bithumb Global	2469	0,17	RUB, TRY
28	CEX.IO	2208	0,088	USD, EUR, GBR
29	LATOKEN	2192	0,4	No
30	WazirX	2129	0,091	INR
31	ProBit Exchange	1800	0,29	KRW
32	Luno	1731	0,05	EUR, AUD + 8 more
33	MXC.COM	1412	0,19	No
34	Bitstamp	1361	0,84	USD, EUR, GBR
35	BKEX	1179	1,51	No
36	Coinlist Pro	1043	0,01	USD
37	WhiteBIT	875	0,56	No
38	BtcTurk | Pro	828	0,22	TRY
39	BigONE	766	0,81	No
40	Bitrue	693	0,027	No
41	AscendEX (Bitmax)	532	0,15	No
42	Paribu	474	0,25	TRY
43	Indodax	473	0,084	IDR
44	DigiFinex	451	2,4	No
45	LBank	416	2,69	No
46	Okcoin	391	0,084	USD, EUR
47	Upbit	387	7,44	KRW
48	Coincheck	363	0,22	JPY
49	BTC Markets	352	0,013	AUD
50	CoinBene	332	1,02	No
51	EQUOS	323	0,18	No
52	Coinbit	311	0,5	KRW
53	ZB.COM	293	2,04	No
54	Finexbox	281	0,21	No
55	Bitpanda Pro	280	0,032	CHF + 3 more
56	Zaif	268	0,13	JPY
57	Binance.US	263	1,18	USD
58	Cryptology	257	0,013	USD, EUR
59	KickEX	225	0,038	No
60	ExMarkets	151	0,39	EUR
61	CoinDCX	116	0,064	INR
62	Coinone	109	0,58	KRW
63	Dex-Trade	107	0,081	No
64	Korbit	97	0,051	KRW
65	MAX Exchange	92	0,016	TWD
66	Bitbns	89	0,028	INR
67	bitFlyer	88	0,42	EUR, USD, JPY
68	Coinfloor	83	0,008	EUR, GBR
69	GOPAX	75	0,066	KRW
70	IndoEx	74	1,51	No
71	BitWell	72	0,54	No
72	Bitso	71	0,02	MXN, ARS
73	Bitkub	59	0,097	THB
74	Paritex	59	0,13	TRY
75	Bitexen	55	0,15	No
76	Felixo	53	0,027	No
77	eToroX	51	0,032	USD
78	itBit	50	n.d. USD
79	Bitvavo	45	0,22	EUR
80	Bitbank	44	0,17	JPY
81	Coindeal	40	0,033	No
82	CoinZoom	26	0,003	No
83	Alterdice	19	0,081	No
84	Zipmex	18	0,023	THB, SGD
85	Huobi Korea	17	0,081	KRW
86	Bitay	15	0,41	No
87	CoinFLEX	14	0,028	No
88	ZebPay	13	0,024	AUD, INR, SGD
89	FOBLGATE	12	0,14	KRW
90	Independent Reserve	12	0,011	USD, AUD, NZD
91	GokuMarket	8	0,29	EUR
92	Coinzo	8	0,037	TRY
93	NovaDAX	7	0,006	BRL, EUR
94	B2BX	6	0,048	USD, EUR, GBP
95	Folgory	6	0,29	No
96	Hanbitco	5	0,015	No
97	CrossTower	6	0,003	No
98	Rekeningku.com	3	0,016	IDR
99	Huobi Indonesia	2	<0,001	IDR
100	Bitfront	1	0,93	USD

The daily trading volume of the Hotbit exchange is $160 million (06/25/2021).

Number of weekly visits to the Hotbit exchange – 978, .

Hotbit exchange statistics.

YoBit DeFi: Benefits

Today, DeFi is a tool that is used by many sites, platforms, and projects. It’s hard to surprise those who have been in the field for a long time with any new implementations of this technology.

In this regard, it is important to understand why it is worth choosing DeFi from YoBit.

And this needs to be done because of a number of unique advantages that are characteristic of this particular project:

1. All interaction with the DeFi platform of this exchange is on one page (in several blocks of its interface), which greatly simplifies the development and further use.
2. To invest in DeFi from YoBit, you do not need to install additional programs and wallets - everything is based on the project and recorded on its servers.
3. The operation of the DeFi platform of this exchange is in no way connected with individual blockchains, which means that transactions do not slow down and are concluded in a matter of seconds.
4. All transactions of this platform are concluded using real coins, without their transfer to analogues (substitutes) based on other blockchains, which are often required in other decentralized projects.
5. The reward also always comes in original coins.
6. The commission is always at 0.3% (most of this amount goes to paying rewards to the same pool participants - 0.2%, and 0.05% each goes to support the native token of the exchange - Yo and to the exchange itself).

And for Russian investors, all these “goodies” are complemented by a pleasant bonus in the form of unlimited deposits and withdrawals into ruble fiat.

No limits based on KYC or other rules typical of legal sites. This offshore exchange registered in Panama allows you not to worry about the regulator and take advantage of the widest opportunities in the cryptocurrency market.

Hotbit IPO

The Hotbit crypto exchange does not yet plan an IPO - the release of securities to open trading.

Investors have access to shares of Coinbase, the only crypto exchange listed on the stock market. The shares are available on NASDAQ (stock exchange No. 2 according to the author's rating of the Masterforex-V Academy) under the ticker COIN.

Pros and cons of the exchange

According to yobit.net reviews, the platform has many advantages, but there are minor disadvantages. Among the first are:

— Availability in several languages, including Russian.

— Low percentage of commissions for transactions (0.2).

— Depositing funds into your account using fiat via popular payment systems and bank cards.

— A wide range of electronic coins, which is regularly updated.

— Transactions are available not only with well-known cryptocurrencies, but also with ICO tokens.

— No commission fees for replenishing the balance in many areas.

— Simplicity and accessibility of the exchange even for beginners in the field of cryptocurrencies.

Among the disadvantages of Yubit, users name:

— Small scale of the platform. In terms of daily turnover, it is not yet even among the top hundred exchanges working with cryptocurrency. But this disadvantage can be compensated by the presence of a large selection of currency pairs.

— The platform freezes during the period of greatest activity of traders, which leads to inconvenience in its use. This is typical for any exchange during peak loads.

Choosing a broker for trading cryptocurrencies

One of the reasons for the attractiveness of the cryptocurrency market is its high volatility. It opens up wide horizons for earnings (see whether Masterforex-V Academy traders can earn 2000% per month), but at the same time there are high risks (see online trading on the stock exchange and forex: 5 typical traps).

For successful trading, follow working tactics (see win-win accounts of Masterforex-V traders and their strategies and successful trading systems for making profits on cryptocurrencies) and cooperate with reliable partners.

See the top league rating of Forex brokerage companies from the Masterforex-V Academy, which contains the 12 most reliable Forex brokers for safe trading.

№	Broker name, year founded	Financial instruments					Licenses from financial regulators
		Currencies	Goods	Stock market	Cryptocurrencies	PAMM
1.	NordFX (2008)	+	+	+	+	+	CySEC, MiFID
2.	Swissquote (1996)	+	+	+	+	—	FINMA, FCA, SFC, Dubai FSA
3.	Dukascopy (1998)	+	+	+	—	—	FINMA, FCMC
4.	Alpari (1998)	+	+	+	+	+	ARFIN
5.	FxPro (2006)	+	+	+	—	—	FCA, CySEC, FSB, Dubai FSA, BaFin, ACPR, CNMV
6.	Interactive Brokers (1977)	+	+	+	—	—	NFA, CFTC, FCA, IIROC
7.	Oanda (1996)	+	+	+	—	—	NFA, CFTC, FCA, IIROC, MAS, ASIC
8.	FXCM (1999)	+	+	+	+	—	FCA, BaFin, ACPR, AMF, Dubai FSA, SFC, ISA, ASIC, FSB
9.	Saxo Bank (1992)	+	+	+	—	—	Danish FSA, Consob, CNB, ASIC, MAS, FINMA, JFSA, SFC Hong Kong
10.	FOREX.com (1999)	+	+	+	+	—	NFA, CFTC, FCA, ASIC, JSDA, MAS, SFC
11.	FIBO Group (1998)	+	+	+	+	+	CySEC
12.	FINAM FOREX (1994)	+	—	—	—	—	Bank of Russia

Sincerely, wiki Masterforex-V - free (school) and professional Masterforex-V training courses for working on Forex, stock, futures, commodity and cryptocurrency exchanges.

Brief description of the Yubit cryptocurrency exchange

Currently, the exchange, which has been operating for almost 7 years, is popular among users from various countries due to regularly following changes in the cryptocurrency industry. The platform managed to gain fame thanks to the wide range of currencies available for trading; currently the list of listed tokens is more than 800 tokens. It includes both the most famous cryptocurrencies and altcoins that have recently entered the market. This is what made the site attractive for traders trying to stock up on assets of varying volatility.

Yubit's activities are completely legal. The cryptocurrency exchange is registered in Panama (YoBiCrypto Corp., 0801−3254 Panama City, Plaza 2000 Tower, Calle 50 Panamá). Traders from different parts of the world say that using the platform is problem-free due to the multilingual interface and convenient functionality. The exchange is also available to users who speak Russian, thanks to the presence of a convenient Russian-language version of the interface and tea.

It cannot be said that Yubit is a classic exchange platform, because its functionality is much broader than traditional operations for buying or selling electronic coins. The investment direction is developed here, and also provides the opportunity to become a participant in gambling or get into free distribution of electronic coins. Another reason why you should pay attention to a cryptocurrency exchange is the possibility of purchasing tokens at the IEO stage.