Hibt provides Crypto Spot trading with a tiered fee structure, ranging from 0.0125% to 0.10% for makers and from 0.03% to 0.10% for takers.
The platform also offers a flexible saving service with annual interest rates of up to 4.84% on 6 digital assets, including USDT and BTC.
Hibt (Is the Crypto Exchange Regulated?)
Hibt, formerly known as “HotsCoin”, was founded in Canada in 2021. It was rebranded on April 21st, 2024.
The exchange operates with a team of 200+ members and has a daily trading volume of $25M.
The company takes regulatory compliance seriously since it’s licensed in Canada and the US as a Money Services Business (MSB).
Key features of Hibt exchange:
- Spot and Futures markets
- OpenAPI service
- Official verification system to prevent phishing attacks
It's worth noting that new users who register for Hibt must complete two personal information settings before they can conduct transactions such as buying or selling coins.
Specifics of Hibt Crypto Exchange
The cryptocurrency exchange stands out in the crowded cryptocurrency market with its impressive features and user-friendly platform. Key specifications of Hibt:
Exchange | Hibt |
Launch Date | 2021 |
Levels | 10 Levels |
Trading Fees | Spot (0.2% / 0.2%) Futures (0.05% / 0.05%) |
Restricted Countries | Afghanistan, Burundi, Belarus, Central African Republic, Congo, China, Ethiopia, Guinea, Guinea Bissau, Iraq, Iran, Lebanon, Sri Lanka, Libya, Serbia, Sudan, Somalia, South Sudan, Syrian Arab Republic, Thailand, Tunisia, Trinidad and Tobago, Ukraine, Uganda, United States, Venezuela, Yemen, Zimbabwe, Cuba |
Supported Coins | 700+ |
Futures Trading | Yes |
Minimum Deposit | 5 USDT (Variable based on the currency) |
Deposit Methods | Crypto |
Withdrawal Methods | Crypto |
Maximum Leverage | 1:125 |
Minimum Trade Size | 5 Unit |
Security Factors | Cold storage solution, Two-Factor Authentication (MFA), Multi-Signature |
Services | Affiliate Program |
Customer Support Ways | Live chat, Email, Telegram |
Customer Support Hours | 24/7 |
Fiat Deposit | No |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | None |
Why Hibt? (Pros & Cons)
Multi-regulated platform, mobile trading, top-tier trading depth, and leverage options of up to 125 are some upsides of Hibt. But to take a balanced look, we have to explore the platform’s weaknesses, too.
Pros | Cons |
Regulated platform with MSB licenses | Relatively new in the market (est. 2021) |
A wide range of trading pairs | limited fiat currency options |
Strong security measures | Geo-restrictions |
Competitive trading fees | - |
Offers both spot and derivative trading | - |
Does Hibt Crypto offer user levels?
The platform offers a tiered user level system which gets updated daily based on your trading volume and account balance.
The higher your level goes; the higher discount rate you get.
Level | 30D Trading Volume (BTC) | Account Balance | Maker | Taker |
1 | - | 1 | 0.10% | 0.10% |
2 | - | $1000 | 0.07% | 0.10% |
3 | 300 | $10000 | 0.065% | 0.10% |
4 | 500 | $20000 | 0.0575% | 0.07% |
5 | 1000 | $30000 | 0.05% | 0.07% |
6 | 2000 | $45000 | 0.0425% | 0.06% |
7 | 3000 | $65000 | 0.035% | 0.06% |
8 | 5000 | $85000 | 0.0275% | 0.05% |
9 | 10000 | $110000 | 0.02% | 0.04% |
10 | 20000 | $150000 | 0.0125% | 0.03% |
Trading costs (Commission and spread) on Hibt exchange
The company offers a simple and straightforward fee structure containing maker and taker commissions.
Markets | Maker | Taker |
Spot (Default) | 0.2% | 0.2% |
Futures | 0.05% | 0.05% |
Available Coins on Hibt Exchange
The exchange offers a diverse range of cryptocurrencies for trading, catering to various investor preferences.
Tokens on the Hibt crypto platform are divided into 9 main categories, including Meme, Layer 1, Layer 2, DeFi, GameFi, PoW, NFT, Public Chain, and SocialFi.
Some of the most important tokens on Hibt:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Dogecoin (DOGE)
- Solana (SOL)
- Lite Coin (LTC)
- Binance Coin (BNB)
- Tron (TRX)
Futures and Margin Trading on Hibt
The exchange offers Futures trading with leverage options of up to 1:125 on 75 trading pairs with USDT as the base currency.
Some of the available assets on the Futures platform:
- SUI
- ACE
- AAVE
- BNB
- NEAR
- BONK
- TON
- DOGE
Registration and KYC on Hibt Exchange
Traders must first open an account with the Hibt exchange to utilize all its features. Hibt registration guide:
#1 Access the Hibt Website
Search on the web and access the Hibt website. Once entered, click on the "Sign up" button.
#2 Complete the Sign Up Form and Verify Your Email
Provide your email address and verify it. Then, set a strong password for your account.
Upon creating an account, you’ll be able to trade spots, make transactions (only on-chain), and withdraw up to 50,000 USDT. In order to fully utilize the platform’s power and be able to use the Fiat trading option, you must complete the KYC process.
#3 Download Hibt Mobile App and Upload the KYC Documents
Now, you must download the exchange's app on your iOS or Android device. After that, provide basic information and upload the required documents, including proof of identity and proof of address.
Hibt Trading Platform Offerings
The Exchange offers a comprehensive suite of trading tools and features, designed to cater to both novice and experienced traders through its trading platforms.
The designated app is not available on the App Store. The official website also offers a download link for Android only. However, you can trade with the exchange using its web platforms for Futures and Spot trading.
The exchange utilizes TradingView charts and tools. You can access a wide range of advanced and free TradingView indicators through TradingFinder.
Hibt Crypto Security Measures
According to CoinTelegraph, crypto hacks in September 2024 totaled over $120M. Crypto exchanges are the primary targets for hackers, so there is a need for tight security measures.
Hibt takes this aspect seriously and implements several security factors, including:
- Cold Storage: 90% of user funds stored in multi-signature cold wallets
- Two-Factor Authentication (2FA): Additional layer of account security
- SSL Encryption: Secure connection for all data transmissions
- Regular Security Audits: Conducted by third-party cybersecurity firms
The platform also has a Scam Advisor Score of 71 out of 100. Based on our current data, Hibt doesn't have a history of scams or hacks.
Available Payment Methods on Hibt
The exchange offers only one payment method. On-chain transactions are the main option for deposits and withdrawals.
Method | Base Currency | Processing Time |
Crypto | BTC, ETH, Doge, etc. | Varies based on the network |
Hibt Exchange User Satisfaction
User satisfaction is a crucial indicator of an exchange's performance. While there are not many reviews about Hibt exchange, its features, such as fast transaction processing, user-friendly interface, and wide range of available cryptocurrencies, have caught users’ eyes.
The Hibt TrustPilot profile has a trust score of 3.7 out of 5 based on a single review.
Hibt Features
Let's review the available crypto-related features on the Hibt exchange:
Feature | Availability |
Staking | No |
Yield Farming | Yes |
Social Trading | No |
Liquidity Pool | No |
Gift Card | No |
Hibt Customer Support
Effective customer support is crucial for any cryptocurrency exchange. Hibt offers several channels for 24/7 user assistance, including:
support@hibt.com | |
Telegram Support | https://t.me/hibtkf |
Live Chat | Through the official website |
Copy Trading and Growth Plans on Hibt Crypto
The exchange offers innovative features to help traders grow their portfolios and earn passive income. However, it doesn't provide a Crypto Copy Trading software.
While Hibt doesn’t provide staking services, it has a wealth management service that offers annual interests of up to 4.84% on your assets, including:
- USDT
- BTC
- ETH
- TRX
- SOL
- ENA
There is also a partnership program in place. Invite your friends and earn commissions of up to 55% on transaction fees.
Partners are ranked through a tiered system on three levels.
Partnership Level | Minimum Monthly Volume | Commission Ratio |
One | $1,000,000 | 45% |
Two | $3,000,000 | 50% |
Three | $5,000,000 | 55% |
Hibt Crypto Exchange Geo-Restrictions
Hibt, like many cryptocurrency platforms, has certain geographical restrictions due to regulatory requirements. The following countries can’t use a part or all of the services on the exchange.
- Afghanistan
- Burundi
- Belarus
- Central African Republic
- Congo
- China
- Ethiopia
- Guinea
- Guinea Bissau
- Iraq
- Iran
- Lebanon
- Sri Lanka
- Libya
- Serbia
- Sudan
- Somalia
- South Sudan
- Syrian Arab Republic
- Thailand
- Tunisia
- Trinidad and Tobago
- Ukraine
- Uganda
- United States (only Futures Trading isn’t available)
- Venezuela
- Yemen
- Zimbabwe
- Cuba
Hibt in Comparison with Other Exchanges
If you haven't decided to use Hibt services, the table below could prove helpful. It compares the most important features of Hibt with those of other crypto exchanges.
Parameters | Hibt Exchange | |||
Number of Assets | 700+ | 400+ | 7800+ | 700+ |
Maximum Leverage | 1:125 | 1:125 | 1:10 For Margin Trading/1:12 for Futures Trading | 1:200 |
Minimum Deposit | $5 | $1 | Varies on Payment Method | $1 |
Trading Fees | 0.2% | From 0.02% Maker, 0.04% Taker | From -0.01% Maker, 0.03% Taker | From 0.02% |
Mandatory KYC | Yes | Yes | Yes | Yes |
Futures Trading | No | Yes | Yes | Yes |
Mobile Application | No | Yes | Yes | Yes |
Fiat Payment | No | Yes | Yes | No |
Staking | No | Yes | Yes | Yes |
Copy Trading | Yes | Yes | Yes | Yes |
Writer's Opinion and Conclusion
Hibt provides Futures trading on 75 currency pairs, in addition to Spot trading on 700+ crypto assets. The perpetual contracts come with a fee of 0.05% for makers and takers and leverage options of up to 1:125.