Modified:

Hotcoin Exchange Review 2025

Hotcoin Exchange Review 2025
Company:Hotcoin
Headquarter:

Sydney

Founded:2017
Coins:335
US Accepted:
Max Leverage:1:10
StakingCopy tradingCrypto loanDual investment

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About
Hotcoin Global Exchange Pty Ltd (Hotcoin) is an Australian cryptocurrency exchange that offers over 335 tradable digital assets to over 5 million users worldwide. This centralized exchange is ranked 42 in CoinMarketCap with a trading volume of over 800 million.
Contact
LEVEL 33, 264 GEORGE STREET, SYDNEY, NSW, 2000, AUSTRALIA
Rank and Score
Pros and Cons
User Levels
Pros
Regulated and licensed by AUSTRAC
Spot, margin, and futures trading
Trading platforms available for Android, iOS, and desktop
Various bonuses and promotions
Cons
Relatively higher fees compared to other exchanges
Doesn't offer services to U.S. citizens
Low liquidity on some altcoins
score of blog
5 From 5.0
(1)
Rate this post
546

Hotcoin is a leading cryptocurrency exchange that offers over 335 tradable coins and tokens in spot and futures markets. This AUSTRAC-regulated Australian exchange allows traders to earn up to 100% APY by staking 5 assets on its platform.

Hotcoin exchange review
Hotcoin pros and cons, features, fees, etc.

Hotcoin Company Information and Regulation

Hotcoin Global Exchange Pty Ltd, the company behind the Hotcoin platform, has positioned itself as a regulated and compliant cryptocurrency exchange.

Here are some key points about the company:

  • Founded in 2017 in Sydney, Australia
  • Regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC)
  • Holds licenses for digital currency trading
  • Boasts an estimated 5 million active users
  • Daily transaction volume reaches over 1 billion dollars

This regulatory oversight ensures that the exchange adheres to strict anti-money laundering (AML) and counter-terrorism financing (CTF) guidelines, making it a safer option for traders concerned about the legitimacy of their chosen platform.

Hotcoin Exchange Specifications Table

Let's provide you with an overview of the Hotcoin exchange:

Exchange

Hotcoin

Launch Date

2017

Levels

5

Trading Fees

Vary by level, starting from 0.1 for the maker and 0.11 for the taker

Restricted Countries

Japan, USA

Supported Coins

335

Futures Trading

Yes

Minimum Deposit

Vary by coins

Deposit Methods

Visa, MasterCard, crypto

Withdrawal Methods

Visa, MasterCard, crypto

Maximum Leverage

1:10

Minimum Trade Amount

Vary by coins

Security Factors

2FA, anti-phishing protection, KYC

Services

Copy trading, staking, Dual investment, crypto loan

Customer Support Ways

Live chat, email,

Customer Support Hours

24/7

Fiat Deposit

Yes

Affiliate Program

Yes

Orders Execution

N/A

Native Token

No

Hotcoin Exchange Benefits and Drawbacks

Let's take a closer look at the advantages and disadvantages of using Hotcoin:

Pros

Cons

Regulated and licensed by AUSTRAC

Relatively higher fees compared to other exchanges

Spot, margin, and futures trading

Doesn't offer services to U.S. citizens

Trading platforms are available for Android, iOS, and desktop

Low liquidity on some altcoins

Various bonuses and promotions

-

Hotcoin Exchange User Levels Features

Hotcoin caters to a wide range of users, from beginner traders with low capital to seasoned professionals with high trading volume.

Here's a breakdown of the VIP levels in this platform:

VIP level

VIP 0

VIP 1

VIP 2

VIP 3

VIP 4

VIP 5

30-day spot trading volume (USDT)

0

200,000

500,000

1,000,000

5,000,000

10,000,000

Balance (USDT)

0

30,000

100,000

400,000

1,000,000

2,000,000

24-hr Withdrawal limit (BTC)

2

10

20

30

40

50

Traders must reach either a 30-day trade volume or an account balance to upgrade to higher VIP levels.

Hotcoin VIP levels
Hotcoin exchange VIP levels requirements

Trading Fees and Commissions on the Hotcoin Exchange

Hotcoin's fee structure is relatively straightforward.

Here's a breakdown of spot fees based on different VIP levels:

VIP level

Maker

Taker

0

0.2%

0.2%

1

0.18%

0.18%

2

0.16%

0.16%

3

0.135%

0.14%

4

0.11%

0.12%

5

0.1%

0.11%

It's important to note that these spot trading fees are above the industry average, and high-volume traders can find better fees on other platforms.

Futures traders should also be aware of the cryptocurrency exchange trading costs since they can directly affect their profits. Let's review Hotcoin futures trading fees:

VIP level

Maker

Taker

0

0.2%

0.06%

1

0.0185%

0.058%

2

0.0175%

0.05%

3

0.0155%

0.045%

4

0.0135%

0.04%

5

0.0125%

0.0375%

Knowing these fees helps traders fully understand the associated costs of futures trading in the Hotcoin exchange.

Tradable Digital Assets on Hotcoin

Hotcoin offers a diverse range of cryptocurrencies and trading pairs:

  • Major cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and more
  • Famous alt coins: Chainlink, Cardano, Uniswap, Arbitrum
  • Meme coins: Ordi, Doge coin, Bonk, Shiba Inu
  • Defi tokens: Maker, Compound, Curve, AAVE
Hotcoin coins and assets
Hotcoin exchange offers a wide range of over 330 cryptocurrencies

While Hotcoin's cryptocurrency selection is substantial, it's worth noting that some major exchanges offer an even wider range of assets.

However, for most traders, the available options should be more than sufficient.

Hotcoin Exchange Futures and Margin Trading

Hotcoin offers robust futures markets and margin trading options for more experienced traders.

Futures Trading

Trade futures contacts and open by and sell leveraged positions. Key features of Hotcoin futures trading:

  • Perpetual contracts
  • Delivery futures contracts
  • USDT-margined and coin-margined options
  • Up to 100x leverage

Margin Trading

  Margin trading allows traders to get loans and enter positions with greater capital.

Important features of margin trading in Hotcoin:

  • Up to 10x leverage
  • Isolated and cross-margin modes are available
  • Wide range of supported cryptocurrencies
Hotcoin margin trading
Hotcoin exchange allows cross and isolated margin trading with 3 or 10x leverage

These advanced trading options allow users to amplify their profits potentially, but it's crucial to remember that they also increase the risk of significant losses.

Always trade responsibly and never invest more than you can afford to lose.

Hotcoin Exchange Registration and Verification Guide

To open a new crypto trading account with the Hotcoin exchange, traders must follow the steps outlined below:

#1 Visit the Official Website

First, visit the official Hotcoin website and click on the "Register" button.

#2 Complete the Account Opening Form

Now, enter your phone number or email address to sign up with Hotcoin exchange.

#3 Verify Your Email Address

Open your email inbox and find the Hotcoin email verification link. Click on it to verify your email address.

#4 Verify Your Identity

After entring the dashbaord, click on the profile icon and choose "Verification". Then, provide the necessry information and and upload a ID card, and complete a face recognition video

Hotcoin verification
Provide the necessary documents to verify your Hotcoin account

Hotcoin Exchange Platforms and Applications

Hotcoin offers multiple platforms to suit different user preferences:

Web-based platform:

  • Accessible from any modern web browser
  • Full feature set available
  • Comprehensive charting tools and market analysis

Mobile apps:

  • Available for iOS and Android devices
  • User-friendly interface optimized for mobile use
  • Push notifications for price alerts and trade executions

Desktop application:

  • Available for Windows and MacOS
  • Enhanced performance and stability
  • Advanced trading features for power users
Hotcoin trading platforms
Hotcoin offers its trading platform for all devices

It's important to mention that our analysts found out you can’t download installation files by clicking on the Windows and Mac OS icon

Links:

Hotcoin Exchange Safety Measures

Security is a top priority for Hotcoin, and the exchange implements several measures to protect user funds and data:

  • Regulatory compliance with AUSTRAC
  • Two-factor authentication (2FA) for all accounts
  • Mobile verification
  • KYC compliance
  • Anti-phishing protection

Although Hotcoin implements various protection methods, it still has a long way before reaching the best protection level.

Hotcoin Exchange Payment Methods

Hotcoin offers flexible deposit and withdrawal methods — primarily via cryptocurrencies and select third-party payment providers — but lacks direct support for fiat currency trading.

Minimum requirements:

  • Minimum deposit: 5 USDT / 0.00001 BTC
  • Minimum trade size: 1 USDT equivalent

Deposit & Withdrawal Methods:

  • Supported: Cryptocurrency transfers, Mercuryo, Simplex, Coinify, Alchemy Pay
  • Not supported: Bank cards, wire transfers, PayPal
  • Deposit fee: None
  • Withdrawal fee: 0.0005 BTC / 0.0001 ETH

Fiat Currency:

  • Fiat deposits via card processors are available for buying crypto
  • No fiat pairs or trading directly in fiat currencies

While Hotcoin offers adequate crypto-based payment flexibility, the lack of traditional banking options and fiat support may limit convenience for users unfamiliar with digital asset transfers.

Hotcoin Exchange Evaluations and Trust Scores

Hotcoin has received mixed reviews from users and industry experts:

It's essential to note that user experiences can vary, and numerous factors can impact an exchange's reputation.

Always conduct your own research and start with small amounts when trying a new platform.

Hotcoin Trustpilot score
Hotcoin has poor rating on the Trustpilot website

Hotcoin Features

Hotcoin isn't just a centralized exchange that offers spot crypto trading only. Hotcoin features:

Feature

Availability

Staking

Yes

Yield Farming

Yes

Social Trading

Yes

Liquidity Pool

No

Gift Card

No

Hotcoin Exchange Support channels

Hotcoin provides several channels for user support:

  • 24/7 online chat customer service
  • Email support: service@hotcoin.com
  • Official English Telegram group
  • Comprehensive help center with FAQs and guides
  • VIP support for qualified users

The availability of multiple support channels is a plus, although response times may vary depending on the nature of the inquiry and current support volume.

Copy Trading Services and Investment Options on Hotcoin

Hotcoin offers several investment options beyond traditional trading:

Copy Trading:

  • Follow and automatically copy trades from successful traders
  • Customize allocation and risk management settings

Earn program:

  • Stake cryptocurrencies to earn interest
  • Various locked and flexible savings options available

Dual Investment:

  • Combine spot and options trading for potentially higher returns
  • Suitable for more experienced investors

Crypto loans:

  • Borrow against your cryptocurrency holdings
  • Competitive interest rates and flexible terms

These additional investment options provide users with diverse ways to grow their crypto portfolios beyond simple buy-and-hold strategies.

Hotcoin Exchange Restricted Countries

While Hotcoin is available globally, some countries are restricted due to regulatory reasons:

  • United States
  • Japan
Hotcoin restricted countries
Hotcoin banned U.S. and Japanese traders from joining it's platfrom

It's important to note that this list may change over time, and users should always verify their eligibility based on their location before attempting to use the platform.

Hotcoin in Comparison with Other Exchanges

Traders can use the data available in the table below and decide whether this exchange is the right platform for their needs.

Parameters

Hotcoin Exchange

HTX Exchange

Gate.io Exchange

MEXC Exchange

Number of Assets

335

700+

2800+

2800+

Maximum Leverage

1:10

1:200

1:100

1:200

Minimum Deposit

Vary by coin

$1

Varies by Payment Method

$1

Spot Maker Fee

From 0.1%

From 0.02%

From -0.005%

0.05%

Spot Taker Fee

From 0.11%

From 0.02%

From 0.025%

0.05%

Mandatory KYC

Yes

Yes

Yes

Yes

Futures Trading

Yes

Yes

Yes

Yes

Mobile Application

Yes

Yes

Yes

Yes

Fiat Payment

Yes

No

No

Yes

Staking

Yes

Yes

Yes

Yes

Copy Trading

Yes

Yes

Yes

Yes

TF Expert Suggestion

Hotcoin’s copy trading from over 700 Masters, Earn program, Dual investment, and crypto loans shows that this exchange offers attractive services beyond spot and futures trading with 100X leverage.

However, the higher-than-average fees range from 0.1 to 0.2% based on trader user levels, which is important to consider.

FAQs

Can U.S. residents use Hotcoin?

No, Hotcoin is not available to U.S. residents due to regulatory restrictions.

What are the trading fees on Hotcoin?

Hotcoin charges a flat 0.2% fee for both makers and takers on most trades.

Does Hotcoin offer margin trading?

Yes, Hotcoin provides margin trading with up to 10x leverage for experienced traders.

What cryptocurrencies can I trade on Hotcoin?

Hotcoin supports over 330 cryptocurrencies, including popular options like Bitcoin, Ethereum, and many altcoins.

Does Hotcoin support futures and margin trading?

Yes. Futures trading on Hotcoin includes USDT- and coin-margined perpetual contracts with leverage up to 100x. Margin trading offers cross and isolated modes with 10x leverage, ideal for experienced traders.

What are the available deposit and withdrawal methods?

Hotcoin supports crypto deposits, Visa/MasterCard via third-party processors like Mercuryo and Alchemy Pay. Withdrawals are also crypto-based, with fees like 0.0005 BTC or 0.0001 ETH.

Do I need to complete KYC verification in this exchange?

Yes, KYC is mandatory. Users must upload ID documents and complete facial recognition to access full features and higher withdrawal limits.

Can I buy crypto with fiat on this exchange?

Yes, but only indirectly. Hotcoin allows fiat deposits via card processors to purchase crypto. However, there are no direct fiat trading pairs.

What user levels or VIP tiers are available on Hotcoin?

Hotcoin has 6 VIP levels (VIP 0 to VIP 5) based on 30-day trading volume or balance. Higher levels offer lower fees and higher withdrawal limits (up to 50 BTC at VIP 5).

What is the minimum deposit?

The minimum deposit varies by asset, but typically starts at 5 USDT or 0.00001 BTC. There are no deposit fees.

Does Hotcoin have a mobile app?

Yes, Hotcoin apps are available for Android and iOS, offering full trading functionality, alerts, and an intuitive interface. Desktop clients for Windows/macOS are also available, but download issues were reported.

Are there any countries restricted from using Hotcoin?

Yes. Users from the U.S. and Japan are currently banned due to regulatory restrictions. Traders should check eligibility based on their location.

What staking options are available?

Hotcoin supports staking for five assets with up to 100% APY. Users can choose between locked and flexible terms to earn passive income.

Does Hotcoin support copy trading?

Yes, Hotcoin provides copy trading from 700+ Masters, allowing users to auto-follow strategies with adjustable risk settings.

What is the Hotcoin Earn Program?

The Earn Program lets users stake crypto or deposit in dual investment products, blending options and spot trading for higher passive yields.

Are crypto loans available?

Yes, Traders can borrow against their holdings with competitive interest rates and flexible repayment terms, ideal for short-term capital needs.

What customer support channels are available?

Support is available via 24/7 live chat, email, English Telegram group, and an FAQ Help Center. VIP users get priority support.

0Comment