Hotcoin Global is a cryptocurrency exchange headquartered in Australia. It was founded in 2017 and is a relatively new market player.
The main aim of Hotcoin Global is to provide user-friendly, secure, efficient, and fast trading services for digital assets.
Hotcoin is a spot and derivatives exchange that supports a wide range of cryptocurrencies. It takes security seriously and has deployed multiple mechanisms to ensure an almost foolproof ecosystem.
The user-friendliness of the interface is another highlight that enables a trader with a minimum amount of experience to use the platform.
Moreover, it also offers an app that helps an investor manage their funds on the go. Now, Hotcoin Global is not available in the US.
About HotCoin Global
Hotcoin Global is a well-known crypto exchange platform that provides a suite of services for global users which includes coin-to-coin trading, C2C trading, contract trading, wealth management, and lending.
It is a spot and derivatives exchange that allows users to trade cryptocurrencies at current market prices.
It supports a wide range of cryptocurrencies and is a preferred choice for traders who want to diversify their portfolios.
To deposit funds in Hotcoin Global one needs own cryptocurrency which is supported by the platform.
The withdrawal charges are .0005 BTC per BTC withdrawal. The platform is very user-friendly and can be used by both beginners and professionals.
Security is an aspect that is taken very seriously by Hotcoin Global. It employs encryption protocol, two-factor authentication(2FA), and regular security audits to ensure the safety of funds and personal information.
Hotcoins also offers a mobile app for trading and the app provides full access to all trading tools and features available on the web platform making it possible to manage portfolios on the go.
How safe is Hotcoin global exchange in 2024?
Hotcoin Global assures that it takes many steps to ensure the security and protection of user funds. Hotcoin is also a holder of trading licenses from many regulatory bodies which attest to its trustworthiness, reliability, and resilience.
The regulations also enhance the security and resilience aspect of the exchange. Along with this Hotcoin Global has received ISO accreditation for security and follows reputed security processes.
It also provides risk management tools like protection against negative balances, free demo accounts, and instant price alerts.
Some of the exclusive security measures deployed by Hotcoin Global to ensure the safety and security of its exchange include Multi Signature Authentication, which adds an extra layer of security by requiring multiple signatures for transactions, Two-factor authentication which requires users to provide two types of identification before accessing their account, and secure encryption system to protect user data and funds.
Even though the measures mentioned above enhance the platform’s security, trustworthiness, and resilience, it is a known fact that no digital system is immune to risks.
To protect oneself the users of any platform should make sure to use unique passwords, enable two-factor authentication(2FA), and be cautious about phishing attempts.
The majority of funds should only be stored in secured offline wallets and only the trading funds need to be in the exchange wallet.
Always try to use all the mechanisms available to protect oneself from any digital breaches. Another concern regarding the exchange is the lack of a KYC verification system which is a handicap in terms of safety and security.
Still, Hotcoin Global is a legitimate platform and has thousands of users every day.
Associate services of Hotcoin global
Together with the spot and derivatives markets, users are offered other financial products by the Hotcoin global exchange.
It includes Hotcoin Earn which is the deposit and Earn program where users can choose between flexible or fixed contracts with a locking duration of 30 or 90 days for fixed contracts.
At present Hotcoin Earn supports two currencies-USDT and Filecoin. Hotcoin Loan is another leading product which is an instant lending service where users can take out USDT loans using Bitcoin and Ethereum as collateral with loan terms of 7,14,90 and 180 days.
The interest charged is 0.1% a day. Hotcoin also hosts an NFT market palace where users can mint, trade, and store non-fungible tokens along with the NFT platform offering Initail game offerings (IGOs) which enables blockchain game developers to raise funds for their projects.
Blockchain developers can also access the Hotcoin n Global API tools with which the users can access live exchange data.
Conclusion
Hotcoin Global has achieved significant success since its inception in the year 2017. The exchange offers a wide range of services in demand in the crypto ecosystem.
The platform has an excellent user interface that makes trading a pleasure and users can track the performance of investors on the go with a mobile app.
Stringent security protocols are implemented by Hotcoin Global exchange for the safety of the investors.
The volume of trades in the exchange and the relevant trading licenses and ISO quality certificate prove its credentials.
All these demonstrate the safety and security of the platform. Still, one area of concern is the lack of a KYC verification system.
Nevertheless, with its offering, the community support, and the volume of trade in its exchange one can consider Hotcoin Global a viable exchange to do their trades in cryptocurrencies in 2024 and beyond.
