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  • Writer's pictureEmre Ata

How to use Hotbit exchange? Step by step guide

Updated: Dec 30, 2021

How to use Hotbit exchange? Step by step guide

Hotbit exchange is a centralized digital platform located in Europe and Asia. It has a trust score of 8. More than 1 million traders are trading on this platform. It currently has a one-day trading volume of approx. 5,500 from thousands of coins and trading pairs. The most active trading is on the Hotbit network. Hotbit's business currently covers more than 210 countries and locations. Based on its international and unified projects, Hotbit exchange continues to focus on the world's emerging markets such as the mid-East and Asia and has been rated as one of the three most welcomed exchanges by the media. Hotbit could be your first exchange to learn how to trade. One of the easiest and smoothest mobile sharing applications that we've used. Users usually hate straying from the PC to make trades, but the Hotbit application is lightning fast and reliable. Very easy to read and navigate. Support is quick and responsive and if you just follow. But in our opinion, bot trading exchanges is too much. One of the projects from your country is really strange because Hotbit-Bot, which is said that bot was always going to lower the price and they asked if they want to deal it from Hotbit and you feel bad about it and then they don't delist, they do just remove some of bot trading. HOTBIT Global is one of the world's leading digital platforms with processed licenses in the USA and Canada and was founded in Europe 3 years ago. With its Korean subsidiary, the exchange has originally started trades in the country, with the Korean government strongly supporting the development and research in the sector of cryptocurrency and related innovations. HOTBIT chose South Korea because the country has been at the forefront of the cryptocurrency boom in recent years and is one of the few countries that has introduced a far-reaching adaptation of cryptocurrency innovation. How to use Hotbit exchange? Step by step guide

How to use Hotbit exchange? Step by step guide
How to use Hotbit exchange? Step by step guide

How to use the Hotbit exchange? Video and pictorial narration

How to use Hotbit exchange Step by step guide 1
How to use Hotbit exchange Step by step guide 1

How to use Hotbit exchange Step by step guide 2
How to use Hotbit exchange Step by step guide 2

How to use Hotbit exchange Step by step guide 3
How to use Hotbit exchange Step by step guide 3

HOTBIT Global's chief explained that South Korea is a project market for cryptocurrency growth. South Korea is a key market for cryptocurrencies. For example, reports on similar pages show that the majority of digital investors are from the USA, South Korea and China. So it is a normal decision for HOTBIT exchange to start tradings in this country. Meanwhile, HOTBIT exchange already has a fairly large user base in South Korea, so we hope to be able to offer you more convenient offers.

The chief of the exchange also announced that the company's South Korean place is the first step in HOTBIT exchange project 2.0 as the group is currently working to open additional offices around the world. Since its inception in 2018, the exchange has been recognized for its stability and highly efficient offers. According to the HOTBIT exchange, the office in Korea will tap the trading rate through the HOTBIT network. In the future, it will also offer regular KRW trading offers for South Korean users. Currently, the exchange in Korea offers trading in BTC, KRW, and dollar pairs for nearly 100 cryptocurrencies. Just days after launch, the company issued a notice to its customers regarding a fake social media account stating that the office in the country is the only official handle as Hotbit Korea. South Korea is known for its open-mindedness in the research and development of cryptocurrencies. In March, the country passed one of the world's first comprehensive laws on cryptocurrencies, considered by many to be one of the first. In the midst of the pandemic battle, the Korean government passed an amendment to financial providers laws that allowed the regulators to oversee the sector and work on developing anti-money laundering rules.

For crypto professionals, the exchange offers the option to trade many different cryptocurrencies. The selection of currency pairs offered can offer good return possibilities for active traders with the appropriate knowledge. The data on this page, facts, and details on Hotbit are constantly being supplemented, expanded, and updated. In addition, it makes sense to find out the latest news about the crypto platform or Hotbit Global. Hotbit experiences the simple experiences with the provider and the crypto platform is great, but you should get an opinion for yourself and get special details about the offer, information, fees, currency pairs, markets, and opportunities.

In our current Hotbit exchange report 2021 on the subject of "Is the crypto exchange serious or not?" was able to convince the crypto platform with its offer. However, we recommend that you get an opinion of ​​how it works, registration, fees, and ease of use in order to find the right exchange for your cryptocurrency trading. The constantly flipping characters may be a bit scary, but stay calm, let's get this under control.

There is a search bar in the right column. BTC is selected as we are trading BTC to a pair. Click on it and enter Hotbit, you should choose HTB / BTC, select this pair and you should have a price graphic of them in the middle of the page. Below that is a part with a green button that says "Buy on Hotbit". Inside the box, select the stock tab as this is the easiest kind of buy order. You can either enter in the amount or choose which part of your deposit you would like to spend on the purchase, using the buttons to click on the % rate. When you have confirmed everything, click on buy and it's done. 

Because of the nature of wallets in platforms, they are always online hot wallets as we call them, which exposes certain aspects of cyberattacks. The safest way to keep your coins to this day is to always put them in some kind of cold wallet where the wallet only has access to the exchange or just goes online when you are sending money, which reduces the likelihood of cyber attack incidents. A paper wallet is a kind of free cold wallet. It's simply a pair of public and private locations managed offline. You will have them written somewhere and keep them safe. However, it is not durable and is prone to various hazards.

A hardware wallet here is definitely a better option for cold wallets. Usually, these are USB-enabled devices that store the most important data in your wallet more permanently. They are built with great security and their company is constantly maintained by their manufacturers, so it is very safe. These wallets range from  50 to $ 100 depending on the features on offer. If you're holding your fortune, we think these wallets are a good way.

Due to the nature of the cryptocurrency - this means that users are 100% responsible for the safe use of their digital coins. If you use a hardware wallet, you can keep your coins in a safe place. Using an encrypted channel while trading makes it more difficult for cyber attackers to intercept or eavesdrop on your confidential data. Especially if you are trading on the go or on a public connection. It is one of the perfect paying providers as they can eavesdrop on your information on the platform for free services. It's been around for almost a decade. It offers a security-grade encrypted channel and you can also choose to block hacker sites and ads with its security feature. You can connect to thousands of servers in many countries based on your current address to ensure you always have a smooth and secure connection wherever you are. There are no bandwidth or information amounts, so you can also use the option in your daily activities like streaming or downloading large documents.

Can I Buy On Hotbit With Cash?

There is no such way to buy a currency with cash. However, you can use marketplaces like them. To buy BTC first, and then finish the rest of the steps by transacting your coin to the appropriate altcoin platforms.

This exchange is a peer-to-peer cryptocurrency platform. It is a marketplace where users can buy and sell cryptocurrencies to one another. Users, called merchants, create ads with the price and payment system they want to offer. You can choose to shop with sellers from a special nearby location on the exchange. After all, is a good place to buy cryptocurrencies if you can't find your desired payment ways anywhere else. However, the prices are usually higher on this exchange and you need to exercise your care to avoid fraud.

Are There Any Quick Ways To Buy CryptoCurrencies In Europe?

Yes, Europe is usually one of the easiest places to buy cryptocurrencies. There are even some banks where you can easily open an account and transact funds to platforms like Binance.

Is There An Option To Buy CryptoCurrencies Or Bitcoin With Debit Cards?

Yes, it is also a very easy-to-use exchange for buying Bitcoin with debit cards. It's an instant cryptocurrency platform that allows you to quickly swap digital coins and buy them with a debit card. The user interface is very easy to use and the buying steps are pretty self-explanatory.

Price Prediction and Price Movement

Hotbit exchange is up to 20 % while its stock capitalization is still considered to be very small, which means that the price can be very volatile during large exchange moves compared to those with larger capitalizations. However, with steady growth over the past three months, Hotbit has the possibility to keep growing and make some very decent profits. Here, too, traders should remain cautious at all times. Please note that these reports are based exclusively on this exchange and are in no way economical advice. Traders should always do their own research and be very careful when investing in cryptocurrencies.

Course Chart, History and Social Media 

Get an overview of the potential of the Hotbit exchange and the tokens. Use the line chart price to track the price of the exchange currencies. With the candlestick price graphic, you also get the tool and the trading volume. On the tab, you can follow live media comments and posts about Hotbit exchange currencies and thus check the regular market.

Hotbit exchange is a digital platform with a current rate graphic and a complete stock capitalization. The market price of Hotbit exchange has decreased by 0.00% in the last 1 day for example. Hotbit exchange is currently ranked at the top of all cryptocurrencies by capitalization with a great trading rate in the last few days.

Course History and Charts Of All CryptoCurrencies

Use the search button to quickly find the cryptocurrencies you are looking for. All currently tradable cryptocurrencies in the world are displayed and displayed with actual-time information. For details on the change in value and work, click on the button to the left of the cryptocurrency. Click on the cryptocurrency to display more data and the all-time price graphic. You can find further reports such as top performers and losers according to value development or the stock information and its development for all cryptocurrencies here.

Hotbit Token Taxes In The Tax Return

Realized profits from trading with this exchange, other cryptocurrencies, and from private sales transfers together must be reported independently in the tax return from an exemption amount of approximately 500-600 dollars. Hotbit tokens and other cryptocurrencies are not recognized as real tender in some European countries, which is why trading, selling, exchanging, and issuing Hotbit are categorized as private sales transfers in accordance. When calculating the taxable income, it is important to pay attention to many specific features such as accounting systems, the correct market values ​​, or transfer forms with their evidence. You can find more data about taxes and cryptocurrencies in our blog: FAQ Cryptocurrencies and taxes - How are cryptocurrencies and Hotbit currencies taxed?

Tax Software For Hotbit and All Other Cryptocurrencies

Register today at the Hotbit exchange - the software for cryptocurrencies and taxes, to save you the tedious work of creating your taxable income for your cryptocurrency trading. With this platform, you can immediately and securely display all of your transfers from the platforms you use, such as Binance, Bitcoin, and many more, in a total tax list and attach them to your tax return. This not only saves you days of time-consuming work, but also an expensive tax advisor.

Author: Emre Ata Author LinkedIn

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