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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Hotcoin Global is a centralized exchange with a broad selection of over 300 cryptocurrencies and features such as spot and futures trading. It provides a user-friendly platform suitable for beginners but is held back by limited customer support and higher-than-average fees. While the platform offers several features for passive income, users may encounter geographic restrictions. Overall, Hotcoin is a decent option for those seeking a wide range of assets, but users should consider its limitations.
Overview
Quick Facts
Hotcoin Global offers a comprehensive trading platform with competitive fees, a wide range of cryptocurrencies, and several special features for earning passive income. However, its limited customer support and geographic restrictions may affect its accessibility and convenience for some users.
Informations
Pro's & Con's
- Clear trading view
- Easy handling
- Listed company
- Mixed user reviews
- Slightly higher fees
Hotcoin
Features
Feature Overview
Unique Features
- Copy trading
- Lending
- Features for professional traders
Tradable Assets
- Cryptocurrencies
Trading Options
- Derivatives
- Margin trading (leverage)
- Short/Long
Hotcoin
User Interface
Customer Reviews
-- reviews
/ 5 average rating fromWrite a Review
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Hotcoin
User Reviews
The exchange is user-friendly, with a secure and convenient platform for buying, selling, and storing digital assets.
Hotcoin has become a favourite among traders thanks to its range of tools which make trading easy. Users get real-time price charts and market analysis. Portfolio tracking is also very useful. There's a strong emphasis on security since Hotcoin allows for multi-sig authentication and two-factor authentication.
Hotcoin is popular exchange platform but is seen differently by many. While they do offer demo accounts and educational resources most would agree that their more advanced features, like their margin trading, still confuse its new users.
Hotcoin Global is widely regarded for its competitive fees, with both makers and takers incurring a trading fee of 0.20%. The withdrawal fee of 0.0005 BTC per BTC withdrawal is also quite competitive and seems to be among the lowest in the market.Reviewers often praise this fee structure for providing a cost-effective trading experience compared to other platforms.
Hotcoin Global implements robust security measures, including multi-signature authentication and a secure encryption system. However, it's important to note that while these measures provide good security for asset storage, they do not guarantee user fund protection tho.
Customer support is available through live chat and email. Some users have reported limited customer support, which could be a concern for traders requiring immediate assistance.
Hotcoin Global offers a comprehensive trading platform with competitive fees, a wide range of cryptocurrencies, and several special features for earning passive income. However, its limited customer support and geographic restrictions may affect its accessibility and convenience for some users.
About
Hotcoin
Hotcoin
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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