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Exchange

Hotcoin review

Hotcoin is a centralized exchange with 290 listed assets that holds deposited coins in custody for its users. According to its help center, users without KYC can trade and withdraw up to the equivalent of 2 BTC daily. An ID check is only required if a campaign demands it or if risk control measures are activated. However, the User Agreement from Hotcoin states that identity verification is necessary before an account can be opened. We show both statements because they contradict each other. Hotcoin does not serve the US. In our view, readers should plan for an ID request.

Read the reviewCompare

Sources disagree on ID

Hotcoin's own pages do not give one answer on when it asks for ID.

ActiveAccount needed

By Ethan ParkerChecked Oct 7, 2026 to Oct 23, 2026How we read the terms

Not statedHotcoin's own pages we checked do not say, checked Oct 22, 2026. This is not the same as no.Account needed
No-ID limitNo-ID limit per tradeNo-ID limits, per Hotcoin's pages: 2 BTC a day, withdrawals. Checked Oct 22, 2026.
BTCPlus ZECBitcoin, Zcash: supported.
Provider holdsWho holds your coinsCustodial: deposited virtual assets are held in custody by Hotcoin on behalf of users. Checked Oct 22, 2026.
Not statedHotcoin's own pages we checked do not say. This is not the same as no.NetworkTor onion: None published. I2P: None published. Works without JavaScript: Not stated.
Our verdict

Choose Hotcoin if

Who Hotcoin suits, from the values on this page.

Hotcoin might not be the right fit if

  • You do not want an account: Hotcoin needs one.
  • You want Monero: Hotcoin does not list it.
  • You want Lightning: Hotcoin does not support it.
  • You live in the US: Hotcoin is not available there.
Platform

Inside Hotcoin

Platforms
Apps listed in the App Store and on Google Play (app_rating_ios and app_rating_android, checked today)

What you get with Hotcoin

Yes, no or partly, from our data

Privacy 0 of 6

  • No IDNot statedHotcoin's own pages we checked do not say, checked Oct 22, 2026. This is not the same as no.
  • No account
  • Tor built inNot statedHotcoin's own pages we checked do not say. This is not the same as no.
  • Onion addressNone published
  • I2P addressNone published
  • Works without JavaScriptNot statedHotcoin's own pages we checked do not say. This is not the same as no.

Coins 2 of 4

  • Bitcoin
  • Monero
  • Lightning
  • Zcash

Custody and code 0 of 3

  • You hold the keys
  • Open sourceNot statedHotcoin's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
  • Address screeningNot statedHotcoin's own pages we checked do not say. This is not the same as no.
ID check

When can Hotcoin ask for your ID?

Hotcoin's own pages disagree on when it asks for ID.

  1. 1Never, by designNo company holds your order, so nobody can ask
  2. 2Only if you chooseID only for extras you opt into
  3. 3If a payment is flaggedNo ID by default; checks when a risk system flags you
  4. 4Above a limitID once you pass a stated amount
  5. 5AlwaysID before you trade, deposit or withdraw

If a check comes and you do not pass it

When KYC is prompted, certain actions are blocked until it is completed. The User Agreement lets Hotcoin terminate, suspend, hold or restrict an account, among other reasons when an issue has arisen with the verification of the user's identity or pending requested information; if the user does not reply to a termination notice, Hotcoin may transfer the virtual assets to a third party (such as a government body) or hold them as Hotcoin assets, after a period and to the extent permitted by law. Information can be requested at any time and kept for up to ten years.

“In these situations, the system will prompt you to complete KYC before you can continue certain actions. [...] k. an issue has arisen with the verification of your identity; [...] e. if you do not contact us or reply to our notice of termination, we may remove your Virtual Assets from your Hotcoin Account and transfer them to a third party (such as a government body) or hold them as Hotcoin assets, after such period and to the extent permitted by Applicable Law.”

What triggers a check: An official campaign requires identity verification; the account triggers platform risk control; per User Agreement 7.3: before opening an account (conflicts with the help article); per User Agreement 10.1: information requests at any time for law, identity verification, AML or any other valid reason

Not stated on Hotcoin's pages: fee on refusal, refund policyHotcoin's own pages we checked do not say. This is not the same as no.

Checked October 23, 2026

Fees and limits

What Hotcoin costs

WhatHotcoin
Trade feeVIP0 0.2%/0.2% to VIP12 0.1% maker, 0.11% taker (30-day spot volume from 50,000 USDT or balance from 10,000 USDT for VIP1)
No-ID limitTrading allowed; withdrawals up to the equivalent of 2 BTC per day across supported tokens

Checked October 23, 2026

Your data

What Hotcoin knows about you

Who sees what during a trade, and who runs it.

During a trade

Data the policy collects
Information provided for account opening and KYC (e-mail, identity data, biometric face scan compared with the ID photo), automatically collected device ID, IP address, login data, browser and device data, time zone and location data, click-stream and cookie data, plus data from affiliates and third parties; KYC data retained after account closure as long as AML laws require; the User Agreement allows keeping requested information for up to ten years.
What your payment reveals

No ID check does not make a bank payment private.

Network and who runs it

Network
Onion: None publishedI2P: None publishedWithout JavaScript: Not statedHotcoin's own pages we checked do not say. This is not the same as no.
Who runs it
Not statedHotcoin's own pages we checked do not say, checked Oct 22, 2026. This is not the same as no.
Governance
HOTCOIN TECHNOLOGY LLC (company)
Requests from authorities
Data processed and disclosed as needed for law enforcement, government and court requests; a law enforcement contact is listed on the about page
Warrant canary
Not published

Checked October 22, 2026

Safety

Track record and code

Incidents

Not statedHotcoin's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.

Open source
Not statedHotcoin's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
Support
Live chat; help center; feedback form

Checked October 14, 2026

More facts

More facts we checked on Hotcoin

Coins listed
290
Log retention
AML and financial-law data kept after account closure as long as those laws require; typical periods per data type in the policy
Onion address
Not published
I2P address
Not published
Where you live

Hotcoin in the US and elsewhere

In the US

US availability: Not available

VPN clause in terms
No: no anonymizing proxy; no VPN or proxy to get around regional restrictions

If you are a US person, US sanctions rules apply to you whether or not a service asks for ID.

Outside the US

Where Hotcoin does not serve

32 places in its terms
  • Afghanistan
  • Botswana
  • Burundi
  • Cameroon
  • Chad
  • Democratic Republic of the Congo
  • Côte d’Ivoire
  • Cuba
  • Eritrea
  • Gambia
  • Ghana
  • Guinea
  • Haiti
  • Iran
  • Iraq
  • China
  • North Korea
  • Kyrgyzstan
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Mali
  • Myanmar
  • Niger
  • Somalia
  • Sudan
  • Syria
  • Uganda
  • United States
  • Yemen
  • Zimbabwe
Show all 32 places+26 moreShow fewer

Regional rule: Not statedHotcoin's own pages we checked do not say. This is not the same as no.

Site blocks by region
Afghanistan; Botswana; Burundi; Cameroon; Chad; Democratic Republic of the Congo; Côte d’Ivoire; Cuba; Eritrea; Gambia; Ghana; Guinea; Haiti; Iran; Iraq; China; North Korea; Kyrgyzstan; Lebanon; Lesotho; Liberia; Libya; Mali; Myanmar; Niger; Somalia; Sudan; Syria; Uganda; United States; Yemen; Zimbabwe

Where you live and the provider's terms

Many services on this page do not serve every country. Some exclude people because of where they live or their citizenship, not only where they connect from. Read the provider's terms before you send funds. If the terms exclude you, do not use the service, and do not try to get around the restriction, for example with a VPN.

Taxes

A service that does not ask for ID does not change your taxes. In the US, the federal income tax return asks a yes-or-no question about digital assets, and you must report digital asset transactions whether or not they result in a gain or loss. In the UK, you may owe Capital Gains Tax when you sell, swap or spend crypto, and you must keep your own records. Rules in other countries differ.

No KYC is not anonymity

"No KYC" here means the provider says it does not ask for ID in the cases its terms describe. It does not make you anonymous. Hotcoin's terms say it can ask for ID in these cases: An official campaign requires identity verification; the account triggers platform risk control; per User Agreement 7.3: before opening an account (conflicts with the help article); per User Agreement 10.1: information requests at any time for law, identity verification, AML or any other valid reason. Regulated exchanges you send funds from or to may have to collect information about who sends and who receives a crypto transfer. Your tax duties stay the same.

Funds can be held

If a provider asks for more information during a swap or a withdrawal, it may hold your funds until it gets it. Its terms decide what happens next. In the UK, a crypto business that asks for information on a transfer to or from a self-custody wallet, and does not receive it, must not pass the funds on. Read what the provider's terms say before you send. Hotcoin's terms say that if a check is requested and not completed: when KYC is prompted, certain actions are blocked until it is completed. The User Agreement lets Hotcoin terminate, suspend, hold or restrict an account, among other reasons when an issue has arisen with the verification of the user's identity or pending requested information; if the user does not reply to a termination notice, Hotcoin may transfer the virtual assets to a third party (such as a government body) or hold them as Hotcoin assets, after a period and to the extent permitted by law. Information can be requested at any time and kept for up to ten years.

Checked October 22, 2026

Alternatives

Exchanges to compare with Hotcoin

Other active services in this category from our list. The shield shows each one's ID rule from its own terms.

Crypton Exchange ID rule: Never, by design. No company holds your order, so nobody can ask.
NonKYC.io Monero ID rule: Never, by design. No company holds your order, so nobody can ask.
BloFin ID rule: Above a limit. ID once you pass a stated amount.
CoinEx ID rule: Above a limit. ID once you pass a stated amount.
Pionex Bitcoin ID rule: Above a limit. ID once you pass a stated amount.

Hotcoin side by side

From our privacy data, the same fields for every service
WhatHotcoinCrypton ExchangeNonKYC.ioBloFinCoinExPionex
ID ruleNot statedNo ID, by designNo ID, by designID above a limitID above a limitID above a limit
AccountNeededNeededNeededNeededNeeded
You hold the keys
Monero
Lightning
Open source

Checked October 23, 2026

Browse ExchangesWhere to buy MoneroBuy bitcoin without KYC
FAQ

Short answers about Hotcoin

From the data on this page.

Does Hotcoin ask for ID?

Hotcoin's own pages do not give one answer on when it asks for ID. You need an account.

How much can you trade on Hotcoin without ID?

2 BTC a day, withdrawals.

Who holds your coins during a Hotcoin trade?

Held by the provider. Custodial: deposited virtual assets are held in custody by Hotcoin on behalf of users.

Can you buy Monero on Hotcoin?

No. Hotcoin does not list Monero, per its own pages.

What does Hotcoin cost?

Trade fee: VIP0 0.2%/0.2% to VIP12 0.1% maker, 0.11% taker (30-day spot volume from 50,000 USDT or balance from 10,000 USDT for VIP1).

Author

Who checked this page

Ethan Parker

Senior Content Editor

Every value on this page comes from Hotcoin's own pages and code, read on the dates shown. Checked Oct 7, 2026 to Oct 23, 2026.

More from Ethan ParkerHow we read the terms
Sources

Sources, how we read the terms and our process

Sources

  1. abr.business.gov.au/ABN/View, for operator, checked October 22, 2026
  2. api.hotcoinfin.com/v1/common/symbols, for Zcash and coins listed, checked October 22, 2026
  3. hotcoin.com, for I2P address, checked October 22, 2026
  4. hotcoin.com/en_US/about, for ways to pay, checked October 15, 2026
  5. hotcoin.com/en_US/about, for support, checked October 22, 2026
  6. hotcoin.com/en_US/rateStandard/index, for bitcoin, checked October 7, 2026
  7. hotcoin.com/en_US/support/article, for ID rule, what triggers a check, no-ID limit, custody, custody in detail, account, data collected, operator, governance, requests from authorities, VPN clause in terms and log retention, checked October 22, 2026
  8. hotcoin.com/en_US/support/article, for what happens if a check fails, checked October 23, 2026
  9. hotcoin.com/en_US/support/issues-with-kyc-verification, for warrant canary and onion address, checked October 22, 2026
  10. hotcoin.com/en_US/support/notice, for status, checked October 7, 2026
  11. hotcoin.com/en_US/support/Service-Regions, for excluded countries and US availability, checked October 22, 2026
  12. hotcoin.com/en_US/support/Service-Regions, for site blocks by region, checked October 28, 2026
  13. hotcoin.com/hk-web/coinInfo/list, for Monero and Lightning, checked October 22, 2026
  14. hotcoin.com/hk-web/vip/level-fee-rate, for fees, checked October 23, 2026
  15. itunes.apple.com/lookup, for platforms, checked October 28, 2026

How we read the terms

We do not give privacy services a score. We record what each provider's own pages say: when it asks for ID, the limits, who holds your coins and what it costs. Labels come from each provider's terms, never from our guess. How we read the terms

Our process

We take fees, availability, licenses and coin counts from primary sources: Hotcoin's own fee schedules, terms and help pages, and the public registers kept by regulators. Every value carries the date we last checked it. The values on this page were checked between October 7, 2026 and October 28, 2026.

Not legal or tax advice. This page explains how these services work and what their own terms say. It is general information, not legal, tax or financial advice. Rules differ by country and change often. Check the rules where you live, or ask a qualified professional, before you use any service listed here.