Operating out of Australia, Hotcoin Global is a digital asset trading platform. The obtained two different licenses to conduct its operations from AUSTRAC: digital currency trading and foreign currencies exchange. As of 2022, the centralized cryptocurrency exchange (CEX) had an estimated 5 million active users, with its daily transaction volume reaching billions of dollars.
What is Hotcoin Global?
Hotcoin Global, a prominent digital asset trading platform, operates from its headquarters in Sydney, Australia. Holding licenses from AUSTRAC for digital currency trading and foreign currencies exchange, the platform has gained recognition for its robust services in the cryptocurrency market.
Founders and Ownership
Hotcoin Global Exchange Pty Ltd owns and operates the cryptocurrency exchange. Despite limited online information about the company, it has successfully positioned itself in the market since its launch in 2017.
Launch Date and Growth
Established in 2017, Hotcoin Global has experienced substantial growth, boasting an impressive user base of approximately 5 million active users as of 2022. The platform's daily transaction volume consistently reaches billions of dollars, solidifying its status as a major player in the centralized cryptocurrency exchange (CEX) arena.
Location and Regulatory Compliance
With its headquarters based in Sydney, Australia, Hotcoin Global adheres to regulatory standards. The platform, however, faces restrictions in certain countries due to regulatory hurdles, with residents of Japan and the United States unable to access its services.
Supported Coins and Markets
Hotcoin Global offers a diverse range of cryptocurrencies, supporting 335 coins across 361 markets. While lacking a fiat-on-ramp service, users can acquire cryptocurrencies using credit cards or through the platform's peer-to-peer marketplace.
Fee Structure
The cryptocurrency exchange implements a straightforward fee system, charging both makers and takers a flat fee of 0.20%. This transparent fee structure contributes to the appeal of Hotcoin Global among traders.
Trading Options: Spot and Advanced Features
Hotcoin Global caters to both novice and experienced traders. Alongside spot trading, the platform provides advanced trading options for seasoned individuals. With support for up to 10X leverage, Hotcoin Global accommodates traders seeking more sophisticated strategies.
In summary, Hotcoin Global has positioned itself as a significant player in the digital asset trading space, offering a comprehensive platform with a user-friendly interface, diverse coin support, and advanced trading features to meet the needs of a broad spectrum of cryptocurrency enthusiasts.
What are the trading fees on Hotcoin Global?
The cryptocurrency exchange implements a straightforward fee system, charging both makers and takers a flat fee of 0.20%. This transparent fee structure contributes to the appeal of Hotcoin Global among traders.
Does Hotcoin Global offer leverage trading?
Alongside spot trading, the platform provides advanced trading options for seasoned individuals. With support for up to 10X leverage, Hotcoin Global accommodates traders seeking more sophisticated strategies.
Is Hotcoin Global safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
