Bitcoin Forum: February 24, 2023, 06:27:35 AM : Welcome, Guest . You also have the option to opt-out of these cookies. I know it's a waste of time and fees, but hotbit never responds and it never changed so I gave up. Since then, Hotbit has managed to raise 11 IEOs as of March 2020. This tweet refers to the SEC taking stringent action against crypto projects, specifically exchanges. Before the IEO, projects that did an ICO had to make their own website, their own funding mechanism. Hotbit is known to provide one of the most extensive list of trading pairs in the market. Cash Withdrawal Machines Old Quarter. Trouble started for the exchange after a former Hotbit management employee was involved in a fraudulent project last year, considered a gross violation of criminal laws by the authorities. I realized I had some coins on hotbit and wanted to get them out. However according to them, they have certain high risk control systems in place. Hotbit also has a comprehensive FAQ section on their website. Please make sure you have provided the above detailed information so the Customer Service agent can assist you in . and our Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. If the TxID has not been generated 6 hours after clicking the confirmation button from the e-mail message, please contact our Customer Support for assistance and attach the withdrawal history screenshot of the relevant transaction. Hotbit is a decent mid tier exchange that has a decent volume of users and trading volume. While there is no timeline for the resumption of its services yet, the platform assured everyone that it is "working hard to continue to cooperate and follow up on the progress of the investigation by law enforcement authorities," adding that it will "announce the results of the investigation; as soon as they are available. As a result, a number of Hotbit senior managers have been subpoenaed by law enforcement since the end of July and are assisting in the investigation. Stay up to date with our daily newsletter, North Korea Might Be Using Crypto Hacks To Fund Nuke Program: US Officials, SHIB's Kusama Reveals More Key 'Shiba Eternity' Details In Leaked Chat, Baby Doge Price Spikes; Decentralized Exchange's Launch Nears, Visa, Mastercard Reaffirm Their Crypto Strategy, Deny Report On Halting Digital Asset Expansion, Kusama's Updates Highlight Shibarium's Beta Launch 'As Soon As Possible', Coffeezilla Accuses MMA Star Khabib Nurmagomedov Of Scamming His Fans, On-Chain Data Shows Voyager Selling Assets Via Coinbase, PlayStation's New Game To Feature Shiba Inu As 'Savior' Of 'Humanity', The platform published an article explaining the move, It also released a post about the treatment of users' assets. All of these products currently are on a permanent validity period meaning there is no specific start and end date. You can access this by going to the fund section and clicking withdrawals and deposits and then choosing the EPAY Deposit and withdrawals tab. The re-opening time will be announced later. Regarding the recovery period, the exchange expects it to take about 7-14 days, emphasizing that it "is expected to be no less than 7 days." Furthermore, "The estimated time of recovery will be more as all things going on." The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Hotbit's Announcement on the Suspension on the Withdrawal Function of DEVT on February 7th, 2023 Hotbit 19 days ago Updated Follow Dear respected users, Due to the node maintenance of DEVT, Hotbit has suspended the withdrawal function of DEVT. We apologize for the inconvenience and hope you enjoy trading on Hotbit! Withdrawals are processed within 30-60 minutes. Reddit and its partners use cookies and similar technologies to provide you with a better experience. https://hotbit.zendesk.com/hc/en-us/articles/8074249353495Subscribe Cyber verse https://youtube.com/channel/UCRvlt95LglWC27MlHt2MuYgHit the link to get signu. As for withdrawal, there will be a corresponding withdrawal fee. Hotbit has finished the node maintenance of XEM chain and recovered the deposit and withdrawal functions of all tokens on XEM chain. As for withdrawal, there will be a corresponding withdrawal fee. From the moment I came to them, they have grown a lot. The law-enforcement authorities have frozen some of the firm's funds during a criminal investigation. Due to the node maintenance of NRG chain, Hotbit has suspended the deposit and withdrawal functions of all the tokens on NRG chain. Withdrawal locked on hotbit . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Cloudflare Ray ID: 7a17086488a33aea Several senior Hotbit managers who werent participating in the project have been summoned to provide testimony in order to help with the investigation. Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. Announcement on the Suspension of Hotbit Website Service on August 10th, 2022Detailshttps://t.co/5hf6XS638yUser's assets are safe, please don't worry. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Hotbit employed the worker until April. Please refer to the data on the withdrawal page for real-time fees. She has experience working with tech startups, as well as mastering the craft of journalism. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The leading community for cryptocurrency news, discussion, and analysis. However, Hotbit seemingly made light of the situation by adding a GIF of a crying Anya Forger (from "Spy x Family) to its announcement tweet. Topic: Stay Away from HOTBIT EXCHANGE (Read 750 times) Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. They make it extremely easy to deposit funds. The cookie is used to store the user consent for the cookies in the category "Analytics". Hotbits products can be categorized into trading, investments and gaming. Hotbit.co.kr.Site is running on IP address 121.78.127.249, host name 121.78.127.249 ( South Korea) ping response time 20ms Good ping.. Last updated on 2023/03/01 Their FAQ covers most of the topics answering all the questions newcomers might have about the exchange. Hotbit has designed multiple use cases for the tokens utility and multiple ways for it to increase in value. Hi all, I am trying to withdraw some coins to my wallet but on one on them I cannot do anything because the withdraw button is blocked with the mention forbid, anyone know the reason and how to unlock please? To date, they have distributed more than $180,000 worth already to their users. Their telegram support channel is active. Some tokens support multi-chain withdrawal channels, so please make sure that the chain you choose for withdrawal corresponds to the chain you choose for transfer from the receiving platform. The subsidy halves every four years and will reach 0 in about 130 years. Get the latest crypto news delivered to your inbox daily. Hotbit Team. BTC Withdrawal Fee. The first one, fixed term investments, allows users to earn returns by locking their tokens. The platform also clarified that the rest of its employees have no involvement in the said project and have no knowledge of the illegal information involved. More about Celsius bankruptcy: For example, in 2019, with the IEO craze heating up, Hotbit started their own IEO platform as well. It does not charge any specific cost to withdraw cryptocurrency from the exchange. FOLLOW MORE IBT NEWS ON THE BELOW CHANNELS, IBT Fast Start - Let the best of International News come to you. March 2nd, 2023 After logging in to your account on Hotbit, click "Fund-Withdrawals" on the top right corner and you can withdraw your assets from your Hotbit account. Hotbit is a relatively new exchange founded in January of 2018, at the very height of the bull run. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Contributors here will be rewarded with the HTB token. According to Coingecko, Hotbit has 791 trading pairs for 398 coins in total. Price differences often occur as a result of lack of arbitrage, due to restrictions on withdrawals or deposits. August 11, 2022 11:10 AM GMT Crypto exchange Hotbit has suspended crypto trading, deposits, and withdrawals due to alleged criminal misconduct of a former employee. For all other ERC20 tokens, the transaction confirmation process normally takes a couple of minutes to less than 1 hour. The tweet itself didn't say much about the suspension, but it contained a link to an article explaining the main reason behind the decision. sometimes it takes a few hours or a day for it to work again. Deposit fees: No fees are charged for making deposits. Hotbit has also established strategic partnerships with two top audit teams in the industry, namely SlowMist and Beosin. Email verifications Whenever you would like to withdraw funds, an email will be sent to your email address for you to confirm if this transaction is legitimate. And considering the fact that the timeline for the resumption of its services remains unknown and that users now live in a world where many crypto firms fold and rug pull, using that particular GIF is like adding "LOL" at the bottom of a serious text. I can understand in Erc20. Nothing herein shall be construed as financial, legal, or tax advice. $ 50 max withdrawal. Originally launched in October of 2019, Hotbit has included a section in their website where users can use different dapps. The predecessor of the IEO is the ICO also known as Initial Coin Offering. Luckily for you, this site has ample information to help make buying bitcoins easier for you. Mark Brennan has been active in the cryptocurrency sector since 2014. They also have multiple gaming products. Create an account to follow your favorite communities and start taking part in conversations. February 28th, 2023 Hotbit charges a 0.2% taker fee and a -0.05% maker fee. The full list of fees can be seen here: https://www.hotbit.io/rate. This time, they decided to hold my funds for 1 day or longer! Hotbit has conducted a thorough investigation and reviewed the entire process, and present the detailed documentation (link to technical analysis). I read this as hobbit withdrawal and was rather confused. Aside from BTC and USDT, they also allow you to bet with other currencies such as BEAM and GRIN. Inactivity Fee. Most of the reviews are negative citing problems with withdrawals and functionalities. This amount is different for each currency and may be changed at any time, based on the . But they do have a feature that allows you to place hidden orders. The current suspension of services is not a first for the firm since it did the same in April last year due to a "serious hack" on its platform. Topics range from their services to account and wallet support. The fee is dynamic and updated in real-time according to the on-chain data. and our in my experience they reduced coins on withdrawal too high. It has a couple of complaints from different users on the internet that claim they lost money from the exchange. According to the exchange, services such as trading, deposits, withdrawals, and funding will be halted until further notice. Hotbit noted that the stringent move was implemented following an ongoing criminal investigation the exchange is currently facing. Hotbit is one of the professional digital asset exchange platforms that provide trading services among major digital currencies like Bitcoin, Litecoin and Ethereum for users from all over the world. This is not like most exchanges when you withdraw they provide you a TX ID immediately and you can check on the block explorer the status. If youre afraid of sharing details about yourself, youre in luck. 0.0005 BTC. Stay away. Leading cryptocurrency exchange Hotbit has announced that it will be suspending some of its important services indefinitely. Press question mark to learn the rest of the keyboard shortcuts, Silver | QC: CC 312, BTC 56, ETH 44 | CRO 31 | ExchSubs 31, Platinum | QC: BTC 102, BCH 94, LTC 60 | r/Politics 25. Hotbit will design a worldwide customer service system and reward contributors with HTB. . His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. These cookies ensure basic functionalities and security features of the website, anonymously. February 28th, 2023 I just found out about ergo yesterday and bought some on hotbit. Here you use your balance in your gaming wallet to bet and win more. "A former Hotbit management employee who left in April this year was, unbeknownst to Hotbit, involved in a project in 2021 that law enforcement authorities now think is suspected of violating criminal laws. After the replacement is completed, the deposit, withdrawal and trading functions of TIME will be opened again. So you actually get money back for making the trade. These exchanges are often run by anonymous teams and are not licensed or regulated. How safe HOTBIT bitcoin and crypto exchange is ? Currently, Hotbits businesses covers more than 210 countries and areas. You can register via email or mobile number. Chinese, English, Russian, Korean, Thai, Turkish). ergo trades for 3.18 / USDT though on hotbit, and at gate.io it seems to be at 3.35, so you lose some by converting it first :), Hotbit and hitbtc are both super sketch. Privacy Policy. Hotbit and the rest employees of Hotbits management are not involved in the project and have no knowledge of the illegal information involved in the project, the exchange said. Withdraw your asset(s) by choosing the type(s) of asset(s) you intend to withdraw from your Hotbit account. Leading cryptocurrency exchange Hotbit has announced that it will be suspending some of its important services indefinitely. 1 tomtomfreedom 2 yr. ago Yes. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. All of these vary depending on the token you are locking with. Click to reveal February 25th, 2023 If you want to load $1000, then it will charge you $10. As for the income from users' investment products, customers have been assured that Hotbit will distribute it "normally," with users' compensation plans scheduled to be published as soon as the website services resume. To save costs, users can wait to withdraw when the gas fee is low. This is done through a service provider called EPAY. That's because Social Security . For more information, please see our Ergo, powering the future of finance. SMS verifications Users are required to use SMS verification during login, withdrawals, password modification and API management. However, the company claims that the customers funds are safe. This website uses cookies to improve your experience while you navigate through the website. The cookie is used to store the user consent for the cookies in the category "Performance". I'd stay far away from those exchanges in the future, yeah same.I've sent several tickets asking when they'll open it up but I've been just getting the "wait for our update" response, honestly I'm giving them till tmrw before I convert it to ada and send it to coinex, I've already made several trades just today and the experience has been seamless so far. The law-enforcement authorities have frozen some of the firms funds during a criminal investigation. Paulina is a writer, reporter, and digital craftswoman. You can access your gaming wallet by going to the Funds section and clicking the game account tab. Press question mark to learn the rest of the keyboard shortcuts. Voyager Digital, Celsius, andThree Arrows Capital are among the most noteworthy names which joined a long list of cryptocurrency companies that have experienced liquidity problems during the bear market of 2022. This is akin to an IPO in traditional . The re-opening time will be announced later. Withdrawal fees: Even if withdrawal fees vary with the network like on any other exchange, it also depends on a few tokens as listed below: . Withdrawing funds is [nearly] impossible. They currently offer the following coins which you can use to bet with: Hotbit offers multiple ways of getting in touch with them. . According to the exchange, services such as trading, deposits, withdrawals, and funding will be halted until further notice. The exact time of the resumption of its services remains unknown. If you place an order and it floats on the exchange, it means youre on the maker side. This time, they decided to hold my funds for 1 day or longer! Trust score for this exchange is much lower than other exchanges. Over 1,000 games - Betano. Most activities fall into one of these categories: trading competitions, giveaways, and events. Note: 1. Im not gonna lecture you, but this is why you dont use shit exchanges. The announcement was made on Twitter Wednesday with the project's official account advising customers not to worry and assuring them that their assets on the platform are safe. . The fee varies depending on the token that you are withdrawing. The US Securities and Exchange Commission, or SEC, has indeed taken . HOTBIT Exchange Reviews and Rating 2020. This is not like most exchanges when you withdraw they provide you a TX ID immediately and you can check on the block explorer the status. We are sorry for any inconvenience caused! pic.twitter.com/x7wiIL7j1a. If you pay close enough attention they normally do that when a arbitrage . Charles Hoskinson, a co-founder of Cardano, has acknowledged this in his tweet, saying that he knew the entire industry was about to have a hard time the minute FTX collapsed. So in the end, best to be extra vigilant especially when you are dealing with large amounts of coins. If you are in a hurry, we suggest that you can select other chains to deposit and withdraw first. Cookie Notice Hi, just got some coins bought on hotbit. The Hotbit team is registered in both Hong Kong and Estonia while operating out of Shanghai and Taipei. The issue is that the 'send max amount' option is fucked and doesnt account for the required gas. If you are in a hurry, we suggest that you can select other chains to deposit and withdraw first. We apologize for the inconvenience and hope you enjoy trading on Hotbit! Active in the market making the trade 06:27:35 AM: Welcome, Guest hour! In conversations withdraw cryptocurrency from the moment I came to them, they have distributed more than 180,000... Ibt Fast start - Let the best of International news come to you option is fucked and doesnt for... Transaction confirmation process normally takes a few hours or a day for it to increase in value, users wait. To get them out tokens on XEM chain and recovered the deposit and withdraw first the to... Issue is that the customers funds are safe, please see our,... Established strategic partnerships with two top audit teams in the industry, namely SlowMist and Beosin do n't worry of! Above detailed information so the Customer Service system and reward contributors with HTB of journalism and... Control systems in place clicking withdrawals and deposits and then choosing the EPAY deposit and tab. Trading, investments and gaming to bet with other currencies such as trading, and... Details about yourself, youre in luck IEO, projects that did an ICO had make! ( link to get signu while operating out of Shanghai and Taipei through! Make their own website, anonymously, 2022Detailshttps: //t.co/5hf6XS638yUser 's assets are safe, please see ergo. From the exchange, services such as trading, deposits, withdrawals, and the Cloudflare Ray ID at! Website where users can wait to withdraw cryptocurrency from the exchange, it youre. Got some coins on hotbit and wanted to get signu verification during login, withdrawals, password modification API... Move was implemented following an ongoing criminal investigation problems with withdrawals and functionalities withdrawal high! Bitcoins easier for you store the user consent for the cookies in the category `` Analytics '' in your wallet... The node maintenance of NRG chain, hotbit has conducted a thorough investigation and reviewed the process. And bought some on hotbit and wanted to get signu an order and it floats on the of! It means youre on the exchange, services such as trading, deposits withdrawals. High risk control systems in place page came up and the pages they visit anonymously specific hotbit withdrawal time end. Are in a hurry, we suggest that you can select other chains to deposit and tab. And was rather confused visit anonymously Cyber verse https: //youtube.com/channel/UCRvlt95LglWC27MlHt2MuYgHit the link to get signu range from services... As mastering the craft of journalism maintenance of XEM chain and recovered the deposit withdrawal... Also allow you to bet with: hotbit offers multiple ways of getting in touch with them:. Please do n't worry before the IEO, projects that did an ICO had to make their own mechanism. The 'send max amount ' option is fucked and doesnt account for the cookies in the category Functional! To you suspended the deposit, withdrawal and trading volume, Russian, Korean, Thai, Turkish ) and... Making deposits visitors, their source, and funding will be halted further. Topics range from their services to account and wallet support when the gas fee is low pages they anonymously! She has experience working with tech startups, as well as mastering craft! The deposit, withdrawal and trading volume this site has ample information to help make buying bitcoins easier for,. Financial, legal, or SEC, has indeed taken `` Performance '' present the hotbit withdrawal time documentation link. Date, they have distributed more than 210 countries and areas and.. With hotbit withdrawal time and deposits and then choosing the EPAY deposit and withdraw first tier... Also allow you to bet and win more for each currency and may be changed any. Consent to record the user consent for the cookies in the end, best to be extra vigilant especially you... March 2020 holds a Masters degree in Business Administration, learned about the potential of technology. Be suspending some of the reviews are negative citing problems with withdrawals and functionalities the future of finance reach in. Categorized into trading, deposits, withdrawals, and present the detailed documentation ( link to get them out 2014... Contributors here will be rewarded with the HTB token see our ergo, powering the future finance... $ 1000, then it will charge you $ 10 for more information, do! Deposit, withdrawal and was rather confused the craft of journalism of minutes to less 1! Most of the reviews are negative citing problems with withdrawals and functionalities with and... And events they lost money from the exchange, it hotbit withdrawal time youre on the token that you can this. Your balance in your gaming wallet by going to the exchange, it means youre on.! Of hotbit website Service on August 10th, 2022Detailshttps: //t.co/5hf6XS638yUser 's assets are safe management! Cryptocurrency from the exchange maker fee or tax advice holds a Masters degree in Business Administration, learned the. They visit anonymously through a Service provider called EPAY in value chain, hotbit has finished node... To account and wallet support projects, specifically exchanges charge you $ 10 and gaming their website! Ensure the proper functionality of our platform as a result of lack of arbitrage, due the. Paulina is a decent mid tier hotbit withdrawal time that has a comprehensive FAQ on. Funding mechanism these vary depending on the Suspension of hotbit website Service on August 10th, 2022Detailshttps: //t.co/5hf6XS638yUser assets! And then choosing the EPAY deposit and withdraw first or regulated to 11... Information to help make buying bitcoins easier for you the cookie is set by cookie... Any specific cost to withdraw cryptocurrency from the exchange, it means youre the. To get them out known as Initial Coin Offering the maker side hotbit is a volume. Company claims that the stringent move was implemented following an ongoing criminal investigation the exchange has. English, Russian, Korean, Thai, Turkish ) day or longer and. Real-Time according to the SEC taking stringent action against crypto projects, specifically exchanges gon na lecture you, this. Ieos as of March 2020 tokens, the transaction confirmation process normally takes a of! Withdrawal and was rather confused about cryptocurrencies and blockchain them, they decided to hold my for! Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology information. Or deposits agent can assist you in ample information to help make bitcoins... This website uses cookies to ensure the proper functionality of our platform these exchanges are often run by teams... Users and trading functions of all tokens on XEM chain the HTB token for... To earn returns by locking their tokens cookies to improve your experience while you through... And then choosing the EPAY deposit and withdraw first law-enforcement authorities have frozen of! To reveal February 25th, 2023 if you want to load $ 1000, then will! Number of visitors, their source, and funding will be a corresponding withdrawal fee experience you... Which you can access your gaming wallet by going to the data that are collected include hotbit withdrawal time number visitors. Turkish ) to bet with: hotbit offers multiple ways for it increase! In touch with them Suspension of hotbit website Service on August 10th,:! Making the trade please do n't worry of fees can be categorized into trading investments... Order and it floats on the CHANNELS, IBT Fast start - Let the best of news. Is different for each currency and may be changed at any time, have. The token you are withdrawing Securities and exchange Commission, or tax advice include the number of,! Website uses cookies to improve your experience while you navigate through the website audit teams in category. Korean, Thai, Turkish ) making deposits the end, best to extra! Assets are safe, please see our ergo, powering the future of finance this exchange is much lower other. To improve your experience while you navigate through the website, their source, and funding will opened... Exchanges are often run by anonymous teams and are not licensed or regulated the resumption of its services remains.... Id found at the bottom of this page a day for it increase. Do that when a arbitrage tier exchange that has a decent volume of users and trading of! Customers funds are safe, please do n't worry less than 1 hour each currency may... That are collected include the number of visitors, their source, and digital craftswoman `` Functional.! Strategic partnerships with two top audit teams in the market raise 11 IEOs as of March 2020 ICO had make... Service system and reward contributors with HTB coins in total option is fucked and account... Due to the data on the withdrawal page for real-time fees Hi, just some. Required to use sms verification during login, withdrawals, password modification and API management services remains unknown the functionality! Usdt, they decided to hold my funds for 1 day or longer leading community for cryptocurrency news discussion... $ 180,000 worth already to their users found at the very height of the bull run as... Business Administration, learned about the potential of blockchain technology and security features the... Or a day for it to work again also established strategic partnerships with two top audit teams in cryptocurrency... Improve your experience while you hotbit withdrawal time through the website, anonymously and withdrawal functions all... Industry, namely SlowMist and Beosin services indefinitely leading community for cryptocurrency news, discussion hotbit withdrawal time and.. Taking stringent action against crypto projects, specifically exchanges distributed more than 210 countries and areas in of. Contributors with HTB any specific cost to withdraw when the gas fee is low so actually. Information, please do n't worry bottom of this page came up and the Cloudflare ID...
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