How to Trade on Hotbit Guidelines on how to trade on our Medium

Here, the first option we find is limit order, market or trigger order. Let’s select market, so that the purchase is made instantly at the market price. The below table shows all exchanges where you can buy HTB crypto.

Nevertheless, it’s better to do research before deciding on whether or not to use this exchange. Users who prefer to buy crypto by depositing fiat currencies or through p2p will need to look elsewhere, as these options are not available on the platform. Overall, Hotbit’s varied options for purchasing cryptocurrencies provide a convenient and straightforward way for users to enter the crypto market. However, it is worth noting that KYC is mandatory for most exchanges, and users looking to use more advanced features have to go through the verification process.

Hotbit Signup & KYC

As per our Hotbit review, Hotbit does not ask for KYC for registering on the platform, and trading, withdrawing or depositing funds. In addition, this platform does not allow margin trading; the traders can start trading cryptocurrencies instantly when the funds are deposited https://bitcoin-mining.biz/where-to-buy-bitcoin-cash/ on the Hotbit platform. Hotbit is the exchange where withdrawal fees are fixed, irrespective of the number of cryptos withdrawn, and it differs from crypto to crypto. Hotbit withdrawal fees are determined by the network cost of the blockchain and not the platform.

Only downside is that your weekly purchase limit on a Credit Card will be around $750 when you first open your account. 6) Now you need to setup your funding sources (i.e how you plan on purchasing your Bitcoin or Ethereum). Your options are either using your Bank Account or Credit Card. Since you are reading this guide now and the plan is to use your BTC or ETH to purchase Hotbit Token (HTB), I’d suggest using the Credit Card funding option. Coinbase uses your mobile phone number to setup Two-factor authentication (2FA) on your account making your account even more secure.

All you need to do is click on the “Prices” option in the top menu bar and you’ll see a list of all the supported cryptocurrencies on Coinbase. Once you’ve completed that portion, the next step will be a photo verification. Since we are discussing how to purchase [coin] [symbol] using US Dollar, we are https://topbitcoinnews.org/dating-sites-that-accept-bitcoin/ assuming you are a US resident. If that’s the case you can either upload your Driver’s License, State ID card, or passport to verify your identity. Coinbase assumes that you are signing up for an Individual investment account so the next part of the sign up process deals with verifying your identity.

How to Purchase YOU on Hotbit — Mobile Users

Before you’re investing in a coin its important to do you your own research on the coin, technology of the coin and the team behind the coin. The good thing on cryptocurrencies are that you can divide them and buy just a (small) piece. This way you still own your piece of Hotbit Token and you can use it or hold it. We are confronted with fascinating but challenging questions about our identity as humans as we appr… The only difference is that instead of going to the buy side, we go to the sell side.

• In the world of crypto and on exchanges like Binance you can’t buy every coin directly with FIAT currency.
• Unfortunately, there’s no way on Hotbit to deposit the fiat money.
• If the price of HTB gets to that price your order will be processed.
• Remember, with how volatile the market is, there is no guarantee the price will drop to your limit price.
• What I can tell you is that the majority of exchanges that offer investing in Hotbit Token (HTB) will allow you to purchase using Bitcoin (BTC).

Hotbit’s mobile app is available for both Android and iOS devices, offering users a seamless and intuitive experience for buying, selling, and trading cryptocurrencies on-the-go. Currently, Hotbit supports a wide range of cryptocurrencies and more than 1500 trading pairs with over $100 million as trading volume. In addition, this crypto exchange supports new coins regularly, which provides a competitive edge for experienced traders.

How to Purchase YOU on Hotbit — PC users

The next step is choosing the proper currency and its amount. Hotbit provides a deposit address that should be used to fund the account. In order to withdraw coins, one should proceed to the same section (Funds), choose the currency and tap on the Withdraw button. The next step is inserting the label and the receiver’s wallet address. Some users are required to complete KYC in order to withdraw their funds.

Now you can exchange the USD for another cryptocurrency by going to the Exchange platform. While Hotbit is a bit difficult to use, it is an excellent platform for people who are serious about trading. It has all the tools necessary for you to become a crypto expert as well.

Hotbit Features Review

Before buying your preferred cryptocurrency its good to look-up what what coins are paired to the coin you want to buy. For example some coins only pair with Bitcoin and Ethereum other also pair with stable coins. Withdrawals of Bitcoin from Hotbit come with a 0.001 BTC fee, which may be considered relatively high compared to other exchanges. However, the exchange offers a low 2 USDT withdrawal fee for ERC-20 USDT.

Additionally, Hotbit offers earn products on a variety of cryptocurrencies, allowing users to earn interest on their holdings. Plus since your funding will be doing using the Bitcoin or Ethereum your’ve already purchased, the setup should take less time. If you want to fund your account using your Bank Account, your purchased cryptocurrency will not available for trading for 4 to 5 business days.

Further, the customers are offered answers within a short time. The Hotbit exchange platform has created a digital-asset system, and the contributors to this system are rewarded with HTB tokens. In addition, the platform has IEO sales that can be brought only with the token.

In another example, with ETH/BTC, when selling, we will sell our ETH in exchange for Bitcoin. Finally, click on buy, in this example, buy ETH and that’s it. https://cryptonews.wiki/etoro-social-network-trading-review-by-fxexplained/ And here we should see the cryptocurrency we just bought in hotbit. The best place to store the crypto you have bought is in wallets outside the exchange.

Now it’s time to purchase Hotbit Token (HTB) using your investment from Coinbase. Coinbase has both an iOS (iPhone) and Android app to manage your account, however the easiest way to create an account with them is to use their website. The system will automatically generate an SMS Code and send it to your mobile number by text message. After receiving your SMS code by text message, please enter the code in “SMS Code” immediately and press “Finish”. You should consider whether you fully understand them and whether you can afford to take the high risk of losing your money.

Unfortunately, there are unresolved customer management cases because they have a low 1.7 rating on Trustpilot. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies. We’ve also created a directory of all of our crypto buying guides. If you purchased Ethereum (ETH) at Coinbase, you are going to want to look for the HTB/ETH investment. Once your transfer has been confirmed it should show in your exchange’s account and will be immediately ready to be used to buying Hotbit Token (HTB).

Alternatively, you can also choose Fiat currency and once you enter the desired amount of USDs you want to transfer, you can just click on submit. Let me reiterate, I am not a licensed professional so I can’t give you any investment advice on how to handle the next step. Now you should be ready to make your first purchase of Bitcoin or Ethereum that you will then use to buy Hotbit Token (HTB).