مقارنة Binance مع Hotbit Exchange
This article compares two crypto exchanges: one of the leading trading platforms, Hotbit, and the absolute industry leader Binance. Binance's trading volume is bigger than the combined volumes of the next five biggest exchanges. However, other trading platforms, including Hotbit, attract many users due to a different design or unique features unavailable on Binance. More than that, other exchanges are more popular in certain countries because Binance is simply not available in these jurisdictions. One of Binance rivals is Hotbit. This exchange is one of the top 20 trading platforms in terms of liquidity. Hotbit is also known for an incredibly huge number of supported coins. Read this article to learn the main characteristics of Binance and Hotbit and see which of these exchanges is better for you.
What Is Binance?
Binance is easily the most popular crypto exchange in the world. As of August 2022, its 24-h trading volume exceeds $10.5 billion. There is no second exchange with liquidity exceeding $4 billion. Apart from that, Binance is notable for its rich set of features and a solid selection of supported coins.
Binance was founded by Changpeng Zhao in Hong Kong in 2017. The exchange quickly came to prominence, becoming the leading crypto trading platform by daily trading volume. Due to tough governmental politics on crypto, Binance became an international company, opening offices abroad. Currently, Binance has headquarters in the Seychelles and Cayman Islands. Binance is unavailable in many countries, including China, Japan, Thailand, the USA, the UK, etc.
As for the features of Binance, this exchange is highly versatile. Binance supports standard spot trading; it has a fiat money gateway, it supports over 350 coins, it supports trading NFTs, it supports instant swaps, a P2P platform, derivatives market, staking, and many other features. Such diversity of functions makes Binance a one-stop digital finance platform. High liquidity and low fees contribute to Binance's popularity.
The exchange was hacked in 2018. However, the exchange administration quickly compensated money to affected users. It didn't mangle the platform's reputation. The relations between Binance and regulators in several countries are heated. That's the reason why Binance is not available in some countries. The officials of several countries investigate the activity of the exchange.
What Is Hotbit?
Hotbit is another number one exchange. While Binance is first by liquidity, Hotbit can't be compared by the number of supported coins. Hotbit supports over 1,900 cryptocurrencies. Regarding liquidity, as of August 2022, Hotbit is among the top 20 exchanges, so users can't complain about the seamlessness of trading, at least when it comes to most sought-after assets. Daily trading volume on Hotbit reaches $380 million.
On top of high liquidity and an enormous number of supported coins, Hotbit provides multiple features. On this exchange, you can perform the usual spot trading, ETFs trading, investing in several types of digital assets, etc. Unlike Binance, Hotbit aims to be transparent and comes through constant third-party audits.
The exchange was founded in 2018. As of August 2022, Hotbit is unavailable for US and Japanese residents. Sanctioned jurisdictions are blocked from using Hotbit, too. One of the most significant disadvantages of Hotbit is the high fee rate. It goes both for trading and withdrawal commissions.
Binance vs. Hotbit (table)
| Factor | Binance | Hotbit |
| Supported coins (as of August 2022) | 360+ coins | 1,900+ coins |
| 24h trading volume (as of August 2022) | $10.5 billion | $380 million |
| Trading fees | 0.1% | 0.2% (takers); -0.05% (makers) |
| Withdrawal fees (BTC) | 0.0002 BTC | 0.001 BTC |
| Regulated? | no | no |
| Security | Most funds are stored offline, live monitoring, end-to-end data encryption, 2fa verification, IP and wallet whitelisting, security notifications | 2fa, withdrawal confirmation (many options) |
| Security breaches | 2019, $40 million in crypto stolen | no |
| Additional features | Buy crypto, NFT marketplace, instant swaps, P2P service, margin trading, futures trading, crypto loans, derivatives market, interest earning, staking, mining pool, saving platform, Visa card, Binance Pay | ETFs market |
| Available | globally, but not in Ontario (Canada), the USA, China, Europe (derivatives), Malaysia, Japan, UK, Thailand. In other countries Binance can be used with serious limitations | not available in the USA, Japan, and numerous sanctioned countries |
Binance vs. Hotbit (details)
Supported coins & 24h trading volume
Hotbit supports much more tokens than Binance. You can probably find any coin you need on Hotbit. However, the selection of Binance contains enough popular coins and some obscure coins, too. Moreover, Binance supports NFTs trading and has much deeper liquidity than Hotbit.
Fees
Binance collects low fees both while trading and withdrawals. Hotbit is oppositely one of the most expensive exchanges among the industry leaders. Most exchanges with the highest liquidity collect twice as low fees as Hotbit.
Regulated?
Both Hotbit and Binance are not regulated. Traders looking to use law-abiding platforms will have to consider other exchanges. Binance is licensed in France, though.
Security
Binance provides more security features, letting users avoid more threats than Hotbit. Another thing that makes Binance safer is that Binance is a wealthy company, and it can afford quick compensation in case of a security breach. We can't be sure that Hotbit will compensate quickly if users' funds get stolen. On the other hand, unlike Binance, Hotbit manages to protect funds from hackers for years. While Binance lost $40 million worth of crypto in the 2019 hack, Hotbit never was hacked.
Additional features
No doubt, Binance has a more diverse functionality than Hotbit. Binance is a place to go for many kinds of traders. Those who need margin trading, futures trading, NFTs trading, staking, etc., can use Binance. Hotbit offers only one feature that is not usual for most crypto exchanges — an ETFs market. Interestingly, this feature is not supported on Binance, so those who need ETFs trading should choose Hotbit over Binance or look for a third option.
Available
Hotbit is available in more countries than Binance. Multiple governments regularly fine the latter for providing unlicensed services. It creates problems for using Binance in certain areas. Hotbit has fewer problems like this. The US citizens and people from sanctioned countries cannot use Hotbit, though. Binance is restricted in more countries.
| Company | ||
|---|---|---|
| User rating | 43 user review | 88 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 43 user review | 88 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
Binance هي حاليا واحدة من أكبر البورصات وأكثرها شعبية. قادمة أصلا من هونغ كونغ ، انتقلت الشركة مؤخرا مقرها إلى مالطا. مرة أخرى في بداية مسارها كان لدى الشركة ICO وجمعت 15 مليون دولار أمريكي. حصل المشاركون على Binance Coin (BNB) والتي يمكن استخدامها لتداول العملات المشفرة ودفع رسوم على binance exchange.
|
Hotbit هي واحدة من أصغر البورصات التي تم افتتاحها في أوائل 2018. لا يعمل التبادل مع العملات الورقية. كما اعتمدت Hotbit بعض التقنيات المتقدمة مثل GSLB ومجموعات الخوادم الموزعة والتخزين. وغني مع محرك التداول عالية السرعة القائمة على الذاكرة كل احتياطيا في آلات متعددة ، ومواقع التخزين البارد ، ومحافظ الساخنة مع مفاتيح خاصة حاليا.
|
Founding Date
| 2017 | 2017 |
Country
| China | China |
Type
| Centralized | Centralized |
Languages
| English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, Bulgarian | English, Korean, Russian, Chinese, Vietnamese, Thai |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) | Central Ave Shanghai, Shanghai 200120, CN |
Fees
|
Trading fees: Level | 30d Trade Volume (BTC) &/or BNB Balance | Maker/Taker | Maker/Taker (BNB 25%off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%) VIP 0 < 50 BTC or ≥ 0 BNB 0.100% / 0.100% 0.0750% / 0.0750% 0.0600% / 0.0600% VIP 1 ≥ 50 BTC & ≥ 50 BNB 0.090% / 0.100% 0.0675% / 0.0750% 0.0540% / 0.0600% VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.080% / 0.100% 0.0600% / 0.0750% 0.0480% / 0.0600% VIP 3 ≥ 1500 BTC & ≥ 500 BNB 0.070% / 0.100% 0.0525% / 0.0750% 0.0420% / 0.0600% VIP 4 ≥ 4500 BTC & ≥ 1000 BNB 0.070% / 0.090% 0.0525% / 0.0675% 0.0420% / 0.0540% VIP 5 ≥ 10000 BTC & ≥ 2000 BNB 0.060% / 0.080% 0.0450% / 0.0600% 0.0360% / 0.0480% VIP 6 ≥ 20000 BTC & ≥ 3500 BNB 0.050% / 0.070% 0.0375% / 0.0525% 0.0300% / 0.0420% VIP 7 ≥ 40000 BTC & ≥ 6000 BNB 0.040% / 0.060% 0.0300% / 0.0450% 0.0240% / 0.0360% VIP 8 ≥ 80000 BTC & ≥ 9000 BNB 0.030% / 0.050% 0.0225% / 0.0375% 0.0180% / 0.0300% VIP 9 ≥ 150000 BTC & ≥ 11000 BNB 0.020% / 0.040% 0.0150% / 0.0300% 0.0120% / 0.0240% Full fee schedule: https://www.binance.com/en/fee/schedule |
BTC 0.00047 Withdrawal Fee • 0.20% Taker Fee • -0.05% Maker Fee |
| About |
Binance هي حاليا واحدة من أكبر البورصات وأكثرها شعبية. قادمة أصلا من هونغ كونغ ، انتقلت الشركة مؤخرا مقرها إلى مالطا. مرة أخرى في بداية مسارها كان لدى الشركة ICO وجمعت 15 مليون دولار أمريكي. حصل المشاركون على Binance Coin (BNB) والتي يمكن استخدامها لتداول العملات المشفرة ودفع رسوم على binance exchange.
|
Hotbit هي واحدة من أصغر البورصات التي تم افتتاحها في أوائل 2018. لا يعمل التبادل مع العملات الورقية. كما اعتمدت Hotbit بعض التقنيات المتقدمة مثل GSLB ومجموعات الخوادم الموزعة والتخزين. وغني مع محرك التداول عالية السرعة القائمة على الذاكرة كل احتياطيا في آلات متعددة ، ومواقع التخزين البارد ، ومحافظ الساخنة مع مفاتيح خاصة حاليا.
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2017 |
| Country | Country China | Country China |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, Bulgarian | Languages English, Korean, Russian, Chinese, Vietnamese, Thai |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) | Full address Central Ave Shanghai, Shanghai 200120, CN |
| Fees |
Fees
Trading fees: Level | 30d Trade Volume (BTC) &/or BNB Balance | Maker/Taker | Maker/Taker (BNB 25%off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%) VIP 0 < 50 BTC or ≥ 0 BNB 0.100% / 0.100% 0.0750% / 0.0750% 0.0600% / 0.0600% VIP 1 ≥ 50 BTC & ≥ 50 BNB 0.090% / 0.100% 0.0675% / 0.0750% 0.0540% / 0.0600% VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.080% / 0.100% 0.0600% / 0.0750% 0.0480% / 0.0600% VIP 3 ≥ 1500 BTC & ≥ 500 BNB 0.070% / 0.100% 0.0525% / 0.0750% 0.0420% / 0.0600% VIP 4 ≥ 4500 BTC & ≥ 1000 BNB 0.070% / 0.090% 0.0525% / 0.0675% 0.0420% / 0.0540% VIP 5 ≥ 10000 BTC & ≥ 2000 BNB 0.060% / 0.080% 0.0450% / 0.0600% 0.0360% / 0.0480% VIP 6 ≥ 20000 BTC & ≥ 3500 BNB 0.050% / 0.070% 0.0375% / 0.0525% 0.0300% / 0.0420% VIP 7 ≥ 40000 BTC & ≥ 6000 BNB 0.040% / 0.060% 0.0300% / 0.0450% 0.0240% / 0.0360% VIP 8 ≥ 80000 BTC & ≥ 9000 BNB 0.030% / 0.050% 0.0225% / 0.0375% 0.0180% / 0.0300% VIP 9 ≥ 150000 BTC & ≥ 11000 BNB 0.020% / 0.040% 0.0150% / 0.0300% 0.0120% / 0.0240% Full fee schedule: https://www.binance.com/en/fee/schedule |
Fees BTC 0.00047 Withdrawal Fee • 0.20% Taker Fee • -0.05% Maker Fee |
Trading
Binance trading volume is 1,023,663,221.0. The exchange has 603 available trading pairs. Fiat trading is available on the exchange. Margin trading is available.
Hotbit trading volume is 720,191,869.0. The exchange has 675 available trading pairs. Fiat trading is available on the exchange. Margin trading is not available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 1023663221 | 720191869 |
Pairs
| 603 | 675 |
Coins
| 173 | 287 |
Fiat trading
Deposit
| Free | Free |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 1023663221 | Volume 720191869 |
|---|---|---|
| Pairs | Pairs 603 | Pairs 675 |
| Coins | Coins 173 | Coins 287 |
| Fiat trading | Fiat trading | Fiat trading |
| Deposit | Deposit Free | Deposit Free |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin | Margin - |
Safety
Two factor authentication
Verified
| Verified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Verified | Verified Unverified |
Social
Website
| www.binance.com | www.hotbit.io |
| @binance | @Hotbit_news |
Number of followers
| 1039263 | 3211 |
| Website | Website www.binance.com | Website www.hotbit.io |
|---|---|---|
| Twitter @binance | Twitter @Hotbit_news | |
| Number of followers | Number of followers 1039263 | Number of followers 3211 |
Rating
| User rating | 43 user review | 88 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
By most parameters, Binance is superior to Hotbit. The latter exchange can be preferred by users who seek coins not available on Binance, those who need an ETFs market, or cannot use Binance due to the local ban. For all other reasons, Binance would be a preferred exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare Binance with Hotbit. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Binance was founded in 2017 in China. Hotbit was founded in 2017 in China.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Binance is Centralized and Hotbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Binance has a mobile app available for iOS and Android. Hotbit has a mobile app available for iOS and Android.
Binance has 19 languages available, including English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian and Bulgarian. Hotbit has 6 languages available, including English, Korean, Russian, Chinese, Vietnamese and Thai.