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Hotcoin

Hotcoin review

A spot venue with open data and meaningful turnover on the major coins.

SpreadRadar editors Updated November 12, 2026 11 minutes read about authorship and sources

Who it suits

As an extra side in spot routes

Strengths

  • +350+ USDT pairs
  • +Best quotes served as one list
  • +Meaningful turnover on major coins

Keep in mind

  • !The futures interface is closed to outside requests, and quote sizes are not published
USDT pairs362spot
Withdrawal networks

Withdrawal networks and fees

Hotcoin does not publish its withdrawal networks and fees

So there is no live table here: check the cost inside the exchange account before you send.

The venue

What Hotcoin is

Hotcoin is a mid-sized spot venue. By our measurements it carries over three hundred and fifty pairs against USDT, and turnover on the major coins is meaningful: bitcoin alone runs into hundreds of millions of dollars a day.

The exchange publishes its data openly: best bid and ask and 24-hour turnover arrive in one response covering every pair. That is enough to compare its prices with other venues soundly — we take the quotes from the book, not the last trade price.

In detail

What is on offer

Spot — over three hundred and fifty USDT pairs.

Futures — the venue has them, but programmatic access is closed: the interface answers an outside request by saying the API is not open. So the venue is absent from funding.

Fees

How Hotcoin feeds our scanners

In spot arbitrage, in full, across every USDT pair. It is absent from triangular routes and stablecoins: the venue does not publish the size resting at the best quote, and without it there is no saying how large a route can fill. We will not show a percentage with no execution ceiling.

0.2%base spot rate
on each side of a trade
Fee to buy
Buy and sell
Makerposts a limit order and waitscheaper · 0.2%
Takertakes an existing order at marketdearer · 0.2%
How to pay less
1
Climb the tiers

Twelve steps: the maker fee falls from 0.20% to 0.10% and the taker to 0.11%. Both 30-day volume and account assets count.

2
Move to contracts

Futures cost a fraction of spot: 0.02% maker and 0.06% taker from level zero.

Important

Why Hotcoin routes show a question mark

The exchange does not openly publish its network and withdrawal-fee directory, so we show no transfer status for it. The badge reads «unknown», and those rows are hidden while the «working transfers only» filter is on. Check the status in the exchange’s own account area before trading.

Fees

The schedule: spot above average, contracts below

The base spot rate is 0.20% for both maker and taker. That is higher than most venues we cover, and the only discount comes from the tier ladder: from level zero to twelve the maker fee falls from 0.20% to 0.10% and the taker to 0.11%. Your own rate sits in the profile under My Rate.

It is charged on the value filled: 10,000 USDT of turnover at 0.20% costs 20 USDT. A cancelled order and an unfilled remainder cost nothing — only what actually traded.

30-day volumeMakerTaker
level zero0.2%0.2%
from 50,000 $0.195%0.195%
from 100,000 $0.19%0.19%
from 150,000 $0.185%0.185%
from 300,000 $0.18%0.18%
from 600,000 $0.17%0.175%
from 1,000,000 $0.16%0.17%
from 3,000,000 $0.15%0.16%
from 6,000,000 $0.14%0.15%
from 10,000,000 $0.13%0.14%
from 20,000,000 $0.12%0.13%
from 30,000,000 $0.11%0.12%
from 50,000,000 $0.1%0.11%

Rates as published by the exchange on the check date; the tier is recalculated automatically. Besides volume a tier needs assets on the account — from $10,000 at the first to $3,000,000 at the twelfth.

Futures run on a different and noticeably lower schedule: 0.02% maker and 0.06% taker at level zero. A 100,000 USDT position costs 20 USDT as maker and 60 USDT as taker. On perpetuals funding comes on top — a settlement between longs and shorts rather than an exchange fee.

The tier counts two things at once

Both 30-day volume and the value of assets on the account matter: level one needs 50,000 USDT of volume with a balance from 10,000 USDT, level six a million with half a million. Volume is recalculated daily at 00:00 UTC+8, the tier updates at 02:00, and assets are taken as a balance snapshot. Spot, both kinds of futures, P2P and Earn all count. There is a fast track too: a tier from another exchange can be submitted as grounds for an upgrade.

0.2%base spot rate
on each side of a trade
Fee to buy
Buy and sell
Makerposts a limit order and waitscheaper · 0.2%
Takertakes an existing order at marketdearer · 0.2%
How to pay less
1
Climb the tiers

Twelve steps: the maker fee falls from 0.20% to 0.10% and the taker to 0.11%. Both 30-day volume and account assets count.

2
Move to contracts

Futures cost a fraction of spot: 0.02% maker and 0.06% taker from level zero.

Accounts

Money is split across sections

Spot, futures, P2P and Earn keep separate books. A spot balance will not automatically be available for a futures position — it has to be moved inside the venue first. Before hunting for "missing" money or filing a withdrawal, check which section it is sitting in.

In detail

The orders on offer

Besides the ordinary limit and market orders, spot carries a trigger order, which fires when a set price is reached, and a trailing order, whose activation condition follows the price by a set amount or percentage. A limit order that does not fill at once usually counts as maker; a market order is always taker.

There is no single order minimum: it depends on the pair, the quote currency, the quantity step and the minimum notional. The venue warns separately that a market order can fill well away from the expected price and a limit order only partly.

In detail

Futures: three kinds of margin, and leverage changed twice

Contracts here come both perpetual and dated, and margin comes in three forms: USDT, USDC and the coin itself. With coin margin the risk runs twice — both the contract price and the collateral's value move.

Order size can be set in base-asset quantity, in position value, in margin or in contracts. The minimum belongs to each instrument: below the contract's requirement the position simply will not open.

Leverage: 400x was, 200x is

In May 2026 the venue raised the ceiling to 400x on BTC/USDT and ETH/USDT and to 300x on SOL and XRP. Three weeks later, in June, it cut them back: BTC and ETH to 200x, SOL to 100x, XRP to 125x. The second announcement is the one in force. And it is a ceiling in any case: as a position grows, the leverage available falls under the risk limits.

Money

Deposits, withdrawals and the no-KYC limit

The venue charges nothing to credit a deposit. The minimum belongs to each coin and network, and the exchange prints it right under the address: a transfer below it may not credit and is not refundable. The same place gives the confirmation count and, for some assets, a required memo or tag.

Withdrawals go to an external address or as an internal transfer by email, phone or UID — internal transfers are free, instant and cannot be reversed. The external fee depends on the coin and network and is shown in the form; no single figure covers the exchange.

You can trade without verification and withdraw up to two bitcoin a day. That is the level-zero limit; as VIP rises it goes to 5, 10, 15, 20 and 25 BTC across levels one to five. KYC can also be requested separately — for a promotion, when risk controls fire, or at a payment provider's demand.

Networks are worth checking asset by asset: the venue publishes no single table. For USDT an official announcement named ERC20, TRC20, HECO, BEP20, Arbitrum One and Polygon, but that announcement is years old — the current set shows only in the deposit form. Withdrawals can be held temporarily after a password change, a login from a new device or an IP change.

Services

P2P, copy trading and algorithms

P2P here is a full marketplace: listings, merchants and escrow on the venue's side. The buyer picks an ad, pays the seller directly by the chosen method and confirms, the seller checks the money and releases the coin. Merchant status takes a separate application. The usual P2P risks apply — forged receipts, payment from a third party, disputes — and only the in-platform process protects you; steps taken around it are nobody's liability.

Copy trading runs on futures. Leading requires 500 USDT free on the futures account, hedge mode, no open positions or resting orders and no copying of anyone else; applications take one to three business days. The profit share is withheld as a position closes, the day's actual profit is computed at 00:00 UTC+8 and paid to the lead trader at 12:00.

The futures grid splits a range into levels — 2 to 200 — and places orders across them. The step is equal in money on an arithmetic grid and equal in percent on a geometric one, where the ratio is the number-of-levels root of the upper price over the lower. Order size follows the venue's own formula, which uses 80% of the initial margin and leaves the rest as a buffer.

TWAP and VP are execution algorithms for a large order: the first splits it over time, the second tracks a share of market volume. The venue states plainly that it does not guarantee a bot's result.

In detail

Alpha, Pre-Market and prediction markets

Alpha buys on-chain tokens with USDT straight from the interface, with no withdrawal to an external wallet and no DEX handling. A token's presence in Alpha promises nothing about a future spot listing, and liquidity and slippage there are its own.

Pre-Market trades a token before it lists. Seller and buyer agree price and size and post collateral; fail to deliver on time and the collateral is lost. Unfilled orders cancel free of charge, filled ones stay binding. The pre-listing price can sit well away from where the token opens.

Prediction markets take a position on an event's outcome, from price moves to sports results. Settlement follows publicly verifiable sources, the proceeds have to be claimed by the user, and a wrong call means losing the whole stake.

In detail

TradFi: stocks, metals and indices

In 2026 the venue moved beyond crypto. Its TradFi line advertises US, Hong Kong, Japanese and South Korean shares, precious metals, commodities, ETFs, stock indices and currency pairs, in both spot and leveraged futures form.

Traditional markets keep hours; crypto does not. Between a close and the next open the price can jump, and a leveraged position meets that gap already open. More importantly, trading a derivative or tokenized instrument does not mean owning the share or the metal — each product's legal structure has to be read on its own.
In detail

Earn, Convert and the wallet

Earn gathers placement for a return, staking and lending. The rate, term, minimum and maximum, accrual schedule and whether money can be taken out early belong to each offer — they have to be checked product by product, not for the section as a whole.

Reward over the term3.29 USDT
Per day0.11 USDT

We use the exchange's own formula: amount × rate ÷ 365 × term. Put in the rate you see in your account — it changes.

Convert swaps one coin for another without an order in the book and without a separate fee. No fee is not the same as a one-to-one rate: read the quote and the spread before confirming. Separately there is a Web3 wallet — not an exchange account but self-custody, with a seed phrase, keys and the responsibility on your side.

In detail

Regulation, reserves and availability

The venue cites an AUSTRAC registration in Australia and an MSB registration with FinCEN in the United States. Those are registrations in anti-money-laundering regimes, not a universal exchange licence or permission for every kind of financial activity — and they attach to particular legal entities rather than to the whole platform at once.

Proof of reserves is published and refreshed. As everywhere, it is a snapshot of assets: it does not replace an audit of liabilities to clients and it does not insure a deposit. For account security there is two-factor authentication, email and phone confirmation, an anti-phishing code and a separate funds password — all worth switching on.

On availability the venue points to its legal disclosures: services are not offered in prohibited jurisdictions, individual products may be closed even where the basics are open, and getting around restrictions with a VPN is against the rules. No single document settles whether every product is open to users in Ukraine — registration, verification, trading, P2P, Earn, TradFi and the card each need checking on their own.

Verdict

Who it suits

Anyone looking for gaps outside the largest venues: turnover here is respectable, and prices often live a life of their own relative to the top ten.

The venue's own published tariffs — Hotcoin

These are not our measurements but what the exchange publishes itself. Checked on October 31, 2026
Spotmaker 0.2% · taker 0.2% — the exchange advertises rates from 0.10% on spot and from 0.0125% on futures for certain tiers
Futuresmaker 0.02% · taker 0.06%

USDT withdrawal

NetworkMinimumFee
Polygon5 USDT1 USDT
BEP2010 USDT1 USDT
Arbitrum One10 USDT1 USDT
TRC2010 USDT2 USDT
Solana10 USDT2 USDT
ERC2015 USDT5 USDT

from the Coinmarketfees tariff aggregator, which reads them from the exchange interface, synchronised August 29, 2026.

What the venue offers

spot and futures, P2P and card purchases, copy trading, Earn and staking, lending, prediction markets, Alpha and Pre-Market, a Web3 wallet, a card and a TradFi arm.

The legal side

an AUSTRAC registration in Australia and an MSB registration with the US FinCEN.

FAQ

Frequently asked

What does trading on Hotcoin cost?+

Spot starts at 0.20% for maker and taker and falls through the tiers to 0.10% and 0.11% at level twelve. Futures are much cheaper — 0.02% and 0.06% from level zero.

Is verification required?+

Not for trading. Without KYC you can withdraw up to two bitcoin a day in equivalent, and the limit rises to 25 BTC as VIP grows. KYC can still be requested separately: for a promotion, when risk controls fire, or at a payment provider demand.

What is the maximum leverage on Hotcoin?+

After the June 2026 adjustment, up to 200x on BTC/USDT and ETH/USDT, 125x on XRP/USDT and 100x on SOL/USDT. It is a ceiling: as the position grows, the leverage available falls.

How is a VIP level reached?+

Both measures count: 30-day volume and the value of assets on the account. Level one takes 50,000 USDT of volume with a balance from 10,000 USDT. Volume is counted daily at 00:00 UTC+8, the level updates at 02:00, and spot, futures, P2P and Earn all contribute.

What does a Hotcoin withdrawal cost?+

It depends on the coin and the network, and the fee appears in the withdrawal form. Deposits are not charged by the venue, and an internal transfer by email, phone or UID is free — but it cannot be reversed.

How many pairs does Hotcoin have?+

By our measurements over three hundred and fifty spot pairs against USDT. The figure is live and refreshes with the data.

Does Hotcoin take part in your arbitrage sections?+

Yes, in spot arbitrage, in full. The exchange serves best quotes for every pair in one list, so its prices are sound to compare with other venues.

Why is Hotcoin missing from funding and triangular arbitrage?+

Its futures interface is closed to outside requests — the exchange plainly answers that the API is not open. And triangular routes need the size at the best quote, which the venue does not publish.

Why do Hotcoin routes show a question mark instead of a transfer status?+

The venue does not publish networks, fees and deposit/withdrawal statuses. We will not present a guess as a fact.

Methodology and principles of analytical processing

Forming and structuring the data

The analytical system brings disparate market information together into a single structure, accounting for the specifics of trading directions and the individual characteristics of each platform. That keeps the presentation consistent and the key parameters comparable.

Criteria for forming the results

Forming the analytical selection takes into account the completeness, availability and reliability of the source information. Parameters that meet the established processing and confirmation criteria are included in the calculations. Insufficiently substantiated values are not used in the final results.

Currency of the analytical information

The information presented is kept current through regular refreshing and reconciliation of the analytical parameters. How often that happens is determined by the nature of each category of data and the way it is processed.

Official sources

The exchange’s own pages — check there if our figures ever disagree with its.

Comparisons

Hotcoin or another exchange

orHotcoin or Binance

Binance and Hotcoin both cover almost any job, so the choice is not the feature list but what you actually use daily.

Compare
orHotcoin or Bybit

A terminal against an ecosystem: Bybit is stronger at trading itself, Hotcoin at everything around it.

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orHotcoin or OKX

OKX and Hotcoin are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orHotcoin or Bitget

Bitget and Hotcoin are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orHotcoin or Gate

For a rare coin go to Gate; for bots and earn go to Hotcoin. They overlap less than it looks.

Compare
orHotcoin or MEXC

For a rare coin go to MEXC; for bots and earn go to Hotcoin. They overlap less than it looks.

Compare
orHotcoin or KuCoin

KuCoin and Hotcoin are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orHotcoin or HTX

HTX and Hotcoin are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orHotcoin or BingX

A terminal against an ecosystem: BingX is stronger at trading itself, Hotcoin at everything around it.

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orHotcoin or WEEX

WEEX is built for contracts; Hotcoin also covers earn, bots and launches. It comes down to what you need more often.

Compare
orHotcoin or Toobit

Toobit is built for contracts; Hotcoin also covers earn, bots and launches. It comes down to what you need more often.

Compare
orHotcoin or LBank

LBank wins on the breadth of the list, Hotcoin on the services around trading. People often keep both and switch by task.

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orHotcoin or Kraken

Hotcoin is more interesting inside crypto, Kraken at the way in and out, where euro and dollar stay themselves.

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orHotcoin or WhiteBIT

Hotcoin is more interesting inside crypto, WhiteBIT at the way in and out, where euro and dollar stay themselves.

Compare
orHotcoin or Phemex

Phemex is built for contracts; Hotcoin also covers earn, bots and launches. It comes down to what you need more often.

Compare
orHotcoin or XT.com

XT.com and Hotcoin are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orHotcoin or KCEX

KCEX and Hotcoin are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orHotcoin or Ourbit

Ourbit and Hotcoin are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orHotcoin or BigONE

BigONE and Hotcoin are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orHotcoin or Crypto.com

Crypto.com and Hotcoin are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orHotcoin or Pionex

Hotcoin and Pionex are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orHotcoin or HIBT

Hotcoin and HIBT are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orHotcoin or Zoomex

Hotcoin and Zoomex are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orHotcoin or Bitunix

Hotcoin and Bitunix are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orHotcoin or xRocket

Hotcoin and xRocket are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orHotcoin or BloFin

A terminal against an ecosystem: BloFin is stronger at trading itself, Hotcoin at everything around it.

Compare
orHotcoin or CoinW

A terminal against an ecosystem: CoinW is stronger at trading itself, Hotcoin at everything around it.

Compare
orHotcoin or Coinstore

Coinstore wins on the breadth of the list, Hotcoin on the services around trading. People often keep both and switch by task.

Compare
orHotcoin or Deepcoin

Deepcoin is built for contracts; Hotcoin also covers earn, bots and launches. It comes down to what you need more often.

Compare

Hotcoin in our scanners: the spot spread.

Other reviews

Other exchanges

Pionex

An exchange built around trading bots — and one of the few that openly publishes the size at the best price.

Read the review
HIBT

A spot venue with a wide listing and open sizes at the best quote.

Read the review
Zoomex

A derivatives venue with a wide contract list and a neatly documented open API.

Read the review
Bitunix

A derivatives venue with low contract fees and rare company: gold, oil and a stock index trade right next to the coins.

Read the review

Venue names on this page link to the exchanges through affiliate links: if you sign up through them, we earn a commission from the exchange. It changes nothing in the tables or in the review — those are collected automatically and identically for every venue.