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.
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Hibt (Is the Crypto Exchange Regulated?)
Hibt, formerly known as āHotsCoinā, 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 itās 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
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 | Staking, Affiliate |
Customer Support Ways | Live chat, Email, Telegram |
Customer Support Hours | 24/7 |
Fiat Deposit | No |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | None |
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.
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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
Registering and completing the Know Your Customer (KYC) process on Hibt is a straightforward but essential step for users.
- Navigate to the exchangeās official website;
- Click āSign Upā;
- Enter your email address and verify it;
- Set a strong password.
Upon creating an account, youāll be able to trade spots, make transactions (only on-chain), and withdraw up to 50,000 USDT.
In order to fully utilize the platformās power and be able to use the Fiat trading option, you must complete the KYC process.
- Download the exchangeās app (the only channel for KYC verification);
- Provide basic information;
- Upload the required documents, including proof of identity and proof of address.
Hibt Crypto Security Measures
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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
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 usersā eyes.
The only reputable review website that has a profile for Hibt is the TrustPilot. The exchangeās trust score is 3.7 out of 5 based on a single review.
Copy Trading and Growth Plans on Hibt Crypto
The exchange offers innovative features to help traders grow their portfolios and earn passive incomes.
While Hibt doesnāt 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% |
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.