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Hotbit is a newly-launched digital assets platform that does not work with fiat currencies. This means that it only offers coin-to-coin trading and does not work with fiat currencies.
Like most exchanges, this one also offers a single account type with Google two-step (2FA) verification for security reasons.
To make transactions, you have to store cryptocurrency on your wallet and then deposit the quantity that you want to trade on your account. If you want to trade BTC/ETH, for instance, you need to deposit BTC.
Your first step to begin using HotBit is to register.
It uses a 2-step authentication
Competitive trading fees
Hotbit does not charge those who place passive orders in the book, thus adding liquidity to it (a.k.a. Market makers). Market takers, on the other hand (who take the best available price), are charged with a 0.25% fee, which is not much.