April 25, 2021
Hotbit is a centralized Chinese exchange launched in January 2018 by Shanghai Gametree Information Technology Co. Ltd. The 24h trading volume of USD is estimated at 2.3 billion and the weekly visits at 537,894. Hotbit exchange provides its users with 923 different coins.
On top of regular trading options, this exchange promotes its multi-currency support, high liquidity, 24/7 customer support, and security. Hotbit provides its users with a standard trading view and a function for leveraged trading. Hotbit charges takers 0.20% of the order value and -0.05% for makers, which means that you would be rewarded for making a trade. Withdrawal fees are fixed at 0.0005 BTC per BTC-withdrawal. Hotbit fees are lower than the industry average of 0.25% for trading and 0.000643 BTC for withdrawal.
How to trade KGO
The only asset class you can deposit is a cryptocurrency, and you can only trade KGO tokens with Tether. Tether is the most important stablecoin cryptocurrency based on the USD. If you do not own any KGO or Tether and would like to trade on Hotbit, you will have to buy them on an exchange where you can deposit regular cash. Once you have bought one of the two pairs (KGO/USDT), you will be able to transfer them to Hotbit. There you can have access to the pairs: https://www.hotbit.io/exchange?symbol=KGO_USDT
Hotbit is a centralized exchange which means that if you decide to invest and trade KGO tokens on this platform, your funds will be protected on private servers,