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 in its platform.
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 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 30-day trade volume or account balance to upgrade to higher VIP levels.
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 crypto 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
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 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 available
- Wide range of supported cryptocurrencies
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
Getting started with Hotcoin is a straightforward process:
- Visit the Hotcoin website and click "Register;"
- Register with a mobile phone or email address (you can also use your Google, Apple, or Telegram account to sign up);
- Verify your email address;
- Click on the profile icon and choose verification;
- Complete standard identity verification by providing personal information, ID card or password, and a face recognition video;
- Enter and upload proof of address documents.
The KYC process is mandatory for all users due to Hotcoin's regulatory compliance requirements. While it may seem cumbersome, it's an essential step in maintaining a secure and trustworthy trading environment.
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's implements various protection methods, it still has a long way before reaching the best protection level.
Hotcoin Exchange Payment Methods
Hotcoin offers 2 main options for depositing funds or purchasing cryptocurrencies:
- Cryptocurrency deposits
- Credit/Debit card purchases
Traders can also withdraw funds using the methods mentioned above.
Hotcoin Exchange Evaluations and Trust Scores
Hotcoin has received mixed reviews from users and industry experts:
Trustpilot: 3.4/5
Review.io: 2/5
It's important to note that user experiences can vary, and many factors can influence an exchange's reputation.
Always conduct your own research and start with small amounts when trying a new platform.
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.
TF Expert Suggestion
Hotcoinās 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.
