This is usually done by big buyers or sellers that do not want their orders to be seen by the market and skew prices or get front run. I am about to lose my shit. Hotbit has conducted a thorough investigation and reviewed the entire process, and present the detailed documentation (link to technical analysis). 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. Click Wallet Withdrawal on the top right corner and you can deposit your assets into your personal account on Hotbit. The company is registered both in Hong Kong and Estonia. Okay, i sorta have the same issue, want to withdraw my funds from hotbit (its been on there for 17 days) but it says my funds are locked. I know it's a waste of time and fees, but hotbit never responds and it never changed so I gave up. Withdrawal locked on hotbit . Hotbit raises funds on behalf of the company while listing it for trading shortly right after. Hotbit will design a worldwide customer service system and reward contributors with HTB. . Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . This is done through a service provider called EPAY. 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. Over 1,000 games - Betano. They currently offer this service for the following tokens: BTC, USDT, ETH, ONT, EDG, MDU, VSYS, IOTX, ALGO, KSM, BHD, FSN, ATOM and PCX. Click to reveal This time, they decided to hold my funds for 1 day or longer! and our Hotbit, a cryptocurrency exchange platform founded in Estonia, broke the news Wednesday that it is suspending its web services, including "trading, deposit, withdrawal and funding functions,". Sometimes, the transaction confirmation process might take much longer than expected. Press question mark to learn the rest of the keyboard shortcuts. Has anyone else had their funds locked on hotbit? Retailers, Shiba Inu Just Flipped WETH as Most Traded Token Among Top 1,000 ETH Whales, Binance Sends 1.6 Trillion Shiba Inu to Unknown Wallet Within 10 Mins, Brad Garlinghouse To Represent Ripple At World Economic Forum 2023. sometimes it takes a few hours or a day for it to work again. They self report a daily volume of about $3.3B but normalized reports show daily volume is around $50m to $100m. I can understand in Erc20. 1 tomtomfreedom 2 yr. ago Yes. Its ranked in the top 3 among all exchanges for most number of cryptocurrency projects listed. Wanted to withdrawn, and surprise surprise, hefty fees. For withdrawal in verifying status, you have to go through KYC2 first. Although we have solved the delay problem caused by congestion today, due to the large number of accumulated orders during the period, the system still needs a little time to complete the entry and exit of each order one by one.If you have deposit or withdraw TRC-20 tokens, and the withdrawal history shows "verify pass", please wait patiently, all funds are safe,and the transfer will be completed within 24 hours.Thank you for your patience. Hotbit also has an official Chinese WeChat group, official Chinese and English Telegram channels, official Twitter account and Facebook accounts. https://hotbit.zendesk.com/hc/en-us/articles/8074249353495Subscribe Cyber verse https://youtube.com/channel/UCRvlt95LglWC27MlHt2MuYgHit the link to get signup bonus of $800https://www.bitrue.com/act/partner/landing?cn=900000\u0026inviteCode=EVGHVZEplease Like our FB pagehttps://web.facebook.com/AijazShah2656shiba burn portalburn.shibaswap.comRegister on Binance https://www.binance.com/en/activity/referral/offers/claim?ref=CPA_00CFHPFXH4create account on Gate . Create an account to follow your favorite communities and start taking part in conversations. All of available one are gaming dapps. The UNOFFICIAL subreddit of Hotbit cryptocurrency exchange. So I got a response from Hotbit and decided that I will just transfer a different coin to another exchange (gate io) and then withdraw ergo. The fee amount is based on an estimate of the network transaction fees and can fluctuate without notice due to factors such as network congestion. As for withdrawal, there will be a corresponding withdrawal fee. Hotbits has an internal security audit team that provides 24/7 real-time online audit services for users assets. Just having on your wallet already allows you to start earning from those tokens. 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. Just enter the code sent to your email or phone and youre already ready to start trading. Deposit fees: No fees are charged for making deposits. Hotbit team has shut down all services for inspection and restoration immediately. The law-enforcement authorities have frozen some of the firm's funds during a criminal investigation. The US Securities and Exchange Commission, or SEC, has indeed taken . You may access your account, then click Wallet> KYC to upload your photo card and required information. The re-opening time will be announced later. These are often triggered during withdrawals. The buying and selling options are below. This week, on August 9, the German crypto exchange Nuri GmbH filed for insolvency with a Berlin court. The cookie is used to store the user consent for the cookies in the category "Performance". "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. This cookie is set by GDPR Cookie Consent plugin. Announcement on the Suspension of Hotbit Website Service on August 10th, 2022Detailshttps://t.co/5hf6XS638yUser's assets are safe, please don't worry. The cold wallet is disconnected from the internet so it is less likely to be hacked. Based on this unfortunate development, law enforcement agents have subpoenaed several Hotbit senior employees since last month. There are two main kinds of fees when trading, a maker fee and a taker fee. Hotbit allows two main ways for you to register. Create an account to follow your favorite communities and start taking part in conversations. They consistently stress test and look for potential existing security problems and alert close the holes before they get exploited. 30 usdt to withdrawn in usdt.. 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. But want to do in on tron, which is supported and cost pennies anywhere else. But I only has to wait a week. Hotbit has lock my funds in DFUSDT for Hotbit has lock my funds in DFUSDT for months now, due to some investigation and they refuse to make funds available for withdrawal. 4. Due to the nodes maintenance of SCRT-SCRT and SAF, Hotbit has suspended the deposit and withdrawal functions of SCRT-SCRT and SAF. They are very active on the marketing side with a lot of promotions as seen in their activity center. This amount is different for each currency and may be changed at any time, based on the . No. 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." Press question mark to learn the rest of the keyboard shortcuts. Emailed hotbit.io and they told me to be patient. Im wondering if you guys have any idea on the situation and if they will enable it. HOTBIT Exchange Reviews and Rating 2020. Hotbit Team. W Hotbit's Announcement on the Suspension on the Deposit and Withdrawal Functions of All Tokens Based on SOL Chain Starting From February 25th, 2023 - The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". This shows Hotbits support for the different projects that they have and their initiative to stimulate trading activity and volume for these tokens. On August 10, Hotbitstated on its website that the platform has suspended trading, deposit, withdrawal and funding functions, with no estimated restoration time. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). 5 BTC + 180 Free Spins ; 2. However, the company claims that the customers funds are safe. Withdrawing funds is [nearly] impossible. 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. Withdrawal. 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. Hotbit employed the worker until April. We apologize for the inconvenience and hop Hotbit's Announcement on the Suspension on the Withdrawal Function of LQTY on February 28th, 2023 - You can email the site owner to let them know you were blocked. We apologize for any inconvenience caused during this period. 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. Hotbit currently offers an option for users to deposit USD directly into their accounts. SMS verifications Users are required to use SMS verification during login, withdrawals, password modification and API management. The subsidy halves every four years and will reach 0 in about 130 years. Save my name, email, and website in this browser for the next time I comment. They also have multiple gaming products. You will be able to see all the campaigns running as well as past campaigns in this tab. I'd contact their support team. Hotbit will create an automatic listing system where projects provide certain information and provide the necessary capital needed and they will get listed on Hotbit upon approval. Out of the 791 pairs, more than 80% are coming from the top 10 pairs leaving the majority of the other tokens with less liquidity with an average of $50,000 worth of transactions. Aside from this, Hotbit has been nimble and very quick to add new features as you will see below. $ 50 max withdrawal. 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. ($ERG cryptocurrency), Press J to jump to the feed. I'd stay far away from those exchanges in the future. I realized I had some coins on hotbit and wanted to get them out. I had this issue with Ada and Soul. Most of the reviews are negative citing problems with withdrawals and functionalities. 2FA This has been a standard form of account protection for most crypto exchanges. The predecessor of the IEO is the ICO also known as Initial Coin Offering. 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 _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. I've used hotbit and coinex.com. does it have an exclamation point next to it? Reddit and its partners use cookies and similar technologies to provide you with a better experience. Half of those purchased tokens will be burned while the other half will be redistributed for marketing campaigns. As for withdrawal, there will be a corresponding withdrawal fee. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. One of the unique features Hotbit offers users is they distribute interest for its users. For example, in 2019, with the IEO craze heating up, Hotbit started their own IEO platform as well. They only hold what they expect to be transacted that day. The full list of fees can be seen here: https://www.hotbit.io/rate. Contributors here will be rewarded with the HTB token. in my experience they reduced coins on withdrawal too high. After the replacement is completed, the deposit, withdrawal and trading functions of TIME will be opened again. 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? The re-opening time will be announced later. This greatly incentives users to increase liquidity in the exchange. They use a number of various tools and go to great lengths to ensure things cannot be traced back to them once they inevitably disappear with users funds. Hotbit News on Twitter: "Recover the withdrawal function of all projects based on BSC and ETH chain of Global Select Tokens that the withdrawal function haven't opened due to node maintenance or contract update should wait for further notice for the specific recovery time https://t.co/bSHPYEMUu6" / Twitter Hotbit News @Hotbit_news Hotbit offers two main types of investment products. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. I have been trading with them for a very long time. These cookies will be stored in your browser only with your consent. The Hotbit team is registered in both Hong Kong and Estonia while operating out of Shanghai and Taipei. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. While most are casino games, they do offer other games too like Soccer which still involves betting. Withdraw your asset(s) by choosing the type(s) of asset(s) you intend to withdraw from your Hotbit account. It makes me nervous, like they don't have the liquidity to give it to me right now. 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. Save. Here, it goes through an internal layer where they find excuses to hang onto your money up to weeks without any reason. I keep BIT, I have high hopes for it no matter what. Trust score for this exchange is much lower than other exchanges. When you finish the KYC2, your withdrawal will go through immediately. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Every time I try to withdrawal, it says cannot be empty, or error param. What the hell do I have to do to get my coins off this shit exchange? The re-opening time will be announced later. Hotbit has lock my funds in DFUSDT for months now, due to some investigation and they refuse to make funds available for withdrawal. Copyright IBTimes 2023. We are not sure what problems you have encountered on Hotbit, please explain in detail in the support . This is akin to an IPO in traditional markets. Cookie Notice Hotbits products can be categorized into trading, investments and gaming. Price differences often occur as a result of lack of arbitrage, due to restrictions on withdrawals or deposits. Proper functionality of our platform the IEO craze heating up, hotbit been. Into trading, a SQL command or malformed data enter the code sent to your email or phone and already! Password modification and API management the hell do I have high hopes for it No matter what from exchanges! With HTB Hotbits products can be categorized into trading, a SQL command or malformed data you... Called EPAY the subsidy halves every four years and will reach 0 in about years... 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