Hotbit review: score, licensing and risks
39/100SCORE · DCaution
Grade D, caution
Closed in 2023 after years of listing very early tokens. Listed so anyone searching finds out it is gone.
The facts
- FOUNDED
- 2018
- HEADQUARTERS
- Seychelles
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised across the EEA.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Typical for a venue of its size. Confirm current pricing on its own site.
- ASSETS
- Varies
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Users were given a withdrawal window
✗ Weaknesses
- No longer operating
Incident history
2023
Ceased operations, citing regulatory pressure and the cost of maintaining a long listing tail. Users were given a window to withdraw.
Our read
Closed in 2023 after years of listing very early tokens. Listed so anyone searching finds out it is gone.
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RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.