Hotbit
Key data
data refreshed every 10 minutesHotbit is a centralized cryptocurrency exchange (CEX) that launched in 2018 and operated through its official website, hotbit.io. It became known for listing a very wide range of tokens, including many small-cap and newly launched projects that larger exchanges didn't carry. If you searched for Hotbit by name, here's what you should know about the platform.
Frequently asked questions
What is Hotbit?
Hotbit was a centralized cryptocurrency exchange that offered spot trading across a large number of cryptocurrency pairs. It gained popularity among traders looking for early access to newly listed tokens. The platform operated via its official website, hotbit.io.
Is Hotbit a centralized or decentralized exchange?
Hotbit is a centralized exchange (CEX), meaning users' funds were held and managed by the platform itself rather than in self-custodial wallets. This requires trusting the operator with your assets. Centralized exchanges typically offer faster trading and easier account recovery, but also carry custodial risk.
When was Hotbit founded?
Hotbit was founded in 2018. It grew quickly during that period by aggressively listing new tokens. Note that the exchange later announced it was ceasing operations, so check the current status before attempting to use it.
What should users pay attention to when dealing with Hotbit?
The most important thing is to verify the exchange's current operational status, as Hotbit announced a shutdown and asked users to withdraw their funds. If you held assets there, follow official withdrawal deadlines communicated via hotbit.io. As a general rule, avoid keeping large balances on any centralized exchange you don't actively trade on.