Hotcoin Global Review

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Hotcoin Global is a cryptocurrency exchange founded in 2017. Users can trade both forex and cryptocurrencies on their trading platform. It is possible to trade with leverage up to 100x with Hotcoin Global. For new traders, Hotcoin offers a demo trading account to try out the trading platform.  

hotcoin-global-review

Exchange Fees
Withdrawal Fee: 0.0005 • Taker Fee 0.20% • Maker Fee 0.20%

Deposit Methods
Wire Transfer Credit Card

Supported Cryptos (108)
Aelf, Aeternity Coin, Anchor Protocol Token, Aragon, Bancor Protocol Token and 103 more

About Hotcoin Global

Hotcoin Global is based in Australia and managed by Hotcoin Global Exchange Pty Ltd. It has two licenses to offer cryptocurrency and forex trading from AUSTRAC. Via Hotcoin Global users can trade spot cryptocurrency markets, forex and crypto with leverage, and ETFs. It is also possible to buy crypto on Hotcoin with a credit card or by bank wire transfer. 

Hotcoin Global Advantages

The advantages of trading with Hotcoin Global are that they offer discounts and promotions, that they have a customer-focused support center, that they allow fiat deposits and withdrawals, and that they have a secure trading platform. 

Hotcoin Global Trading Volume

Hotcoin Global’s 24-hour trading volume is around $3 billion, which is about 10% of that of Binance, the world’s largest cryptocurrency exchange by trading volume. 

Hotcoin Global App

Hotcoin Global offers a trading app that users can download on both Android and iOS devices in their respective app stores. The app has the same features as the desktop trading platform. 

hotcoin-global-app

Leveraged Trading at Hotcoin Global

On Hotcoin Global users can trade cryptocurrency with leverage up to 100x. It is possible to go both long and short on cryptocurrencies and forex via Hotcoin Global. We recommend practicing leveraged trading with a demo account first to learn the risks involved. 

Hotcoin Global Trading Platform

Hotcoin Global’s trading platform features charts of the latest cryptocurrency and forex prices, an order book, and trade sentiments. Users can customize the trading platform to their liking and use tools to conduct technical analysis. Hotcoin Global provides detailed information about your position whenever you wish to place a market or limit order.  

Hotcoin Global Fees

Hotcoin Global charges its users trading fees based on a maker/taker model of 0,20% per side and withdrawal fees of 0,0005 BTC. The trading fees at Hotcoin Global are lower than the industry average of 0,217%. 

Hotcoin Deposits and Withdrawals

Hotcoin only accepts cryptocurrency deposits but it is possible to buy crypto on their site with a credit card or bank wire transfer. Withdrawals can only be made in crypto and there are no minimum or maximum withdrawals. 

UAE Investors

Traders and investors from the United Arab Emirates can open a trading account with Hotcoin Global. You don’t need to go through a KYC process to start trading crypto or buying crypto on their site as a UAE trader or investor. 

Hotcoin Global Review 2022 – Our Verdict

Hotcoin Global is a good trading platform for people who want to trade both crypto and forex. It is a good alternative to SimpleFX, eToro, and other brokers that offer crypto and forex trading on the same platform. The maximum leverages on HotCoin are high, which makes it a good trading platform for day traders. Users don’t need to go through a KYC process to start trading with them. The trading fees are lower than the industry average. We recommend crypto and forex traders to sign up at Hotcoin Global.


Methodology
Business24-7 aims to help those interested in cryptocurrency make safe and informed investing decisions. We are dedicated to offering our readers unbiased reviews of leading cryptocurrency exchanges for traders at all levels. Cryptocurrency exchanges are included in our reviews if they are safe, liquid, regulated by proper authority, or decentralized. 

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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