Hotcoin Global Exchange Review
Hotcoin Global is a centralized exchange that occupies #40 on Guru InvestingExchange Tracker. Hotcoin Global has trading volume US$1,368,086,598 in the last 24 hours and US$954,097,568,175 in the last 7 days.
Hotcoin Global currently has 350 cryptocurrencies, 0 paper currencies and 414 markets (cryptocurrency trading pairs). The most popular trading pair on Hotcoin Global is BTC/USDT.
Compare Hotcoin Global next to other exchanges here: Exchange comparison tool.
Hotcoin Global is a centralized cryptocurrency exchange (CEX). Based in Australia, it offers spot and derivatives markets And direct cryptocurrency purchases. In addition, users of the Hotcoin Global cryptocurrency exchange can access investment and credit programsand NFT Marketplace.
The platform complies with KYC requirements and has dual company licenses from AUSTRAC, allowing Hotcoin to trade digital currencies and act as a foreign currency exchanger. Hotcoin Global’s spot and derivatives products are available in over 90 countries. Restrictions apply for Japanese and US users.
Markets
Hotcoin Global makes it easy to trade cryptocurrencies. Although fiat currencies are not listed, stablecoins such as Tether (USDT) And US Dollar Coin (USDC) available, and prices are expressed in US dollars for customer convenience. In total, there are over 350 Hotcoin Global trading pairs and over 300 digital assets available.
Digital assets can be purchased directly on the platform. C2C marketplace. Clients can publish their offers and available asset amounts. Hotcoin Global’s cryptocurrency price can be converted into one of over 40 supported fiat currencies. Direct credit card purchases are also available.
Hotcoin global spot exchange offers two markets depending on the type of trader – basic and professional spot. Base location optimized for individual traders and convenient for beginners, and Professional place it is a platform for institutional traders. Margin trading is available with leverage up to 10x.
Hotcoin derivatives markets offer two perpetual futures contracts:
- with USDT margin
- With coin margin
Exchange Traded Fund (ETF) Products also available to Hotcoin clients. Users wishing to engage in trading with less risk can access False futures tradingmodeling service.
Transaction fees are fixed at 0.2%, regardless of maker/taker position or global Hotcoin trading volume. There is no fee for collecting funds. All commission rates are subject to change at the Company’s discretion.
Hotcoin Global’s cryptocurrency withdrawal fees are dynamic and dependent on market conditions. Each asset has a minimum withdrawal amount. The amount required may vary depending on the currency.
There is no standardization for stablecoin withdrawals. For example, Binance-based USDC requires a minimum withdrawal amount of $10, while Hotcoin Global’s minimum cryptocurrency price for an ERC-20-based stablecoin is $50.
other services
Apart from HotcoinGlobal’s spot and derivatives markets, users can access other financial services.
Earnings on hotcoins This is an “invest and earn” program. Users can choose between a flexible or fixed contract. The lock-in duration for fixed contracts is 30 or 90 days. At the time of writing, Hotcoin Earn supports two currencies – USDT and Filecoin (FIL). Income may fluctuate depending on market conditions.
Hotcoin credit is an instant lending service. Users can borrow USDT using multiple assets as collateral, including BTC and ETH. The default loan term is 7, 14, 30, 90 or 180 days. Daily percentage fees for Hotcoin Global exchanges start at 0.1%.
Hotcoin Global is also hosting NFT Marketplace. Here users can mint, trade and store non-fungible tokens. In addition, the NFT platform offers Initial Game Offerings (IGO) where blockchain game developers can raise funds for their projects.
Blockchain developers can access Hotcoin Global API Tools. Using the files, users can access up-to-date Hotcoin Global cryptocurrency prices and market capitalization, user balance information, and order and transaction details.
About company
The Hotcoin Global crypto exchange was founded in 2017 in Australia. There is no information about the founders of the company. Hotcoin Global is headquartered in Sydney, Australia.
According to data for 2022, Hotcoin has accumulated over 3 million registered users and watches 120,000 users per day average. Between 2021 and 2022, the user base grew by more than 200%. The average daily global volume of Hotcoin is approx. $4 billion.
In April 2022, the company announced the opening of an EMEA office in Dubai. This marks the fourth regional division of cryptocurrency exchange Hotcoin Global, as it also has offices in Singapore and North America.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
