Hello Readers,

Today, we’re examining the platform Hottbitex.com, which recently surfaced in a BBB complaint citing deceptive crypto trading practices.

Overview of Hottbitex.com

– Origin of Investigation: A BBB complaint regarding misleading information on crypto trading and issues with fund withdrawal.
– Domain Registration: Registered in February 2023, with links to Sergey Tihonov from Russia.

Examining Hottbitex.com

– Trading Claims: Futures trading, asset security, competitive commissions, and stable trading environment.
– Liquidity and Security Claims: Sufficient liquidity for large traders and top-ranking in crypto exchange security.
– Cer.live Search Result: No results found for “Hotbitex,” contradicting their security claims.

Features of HOTBITEX

– Trading and Exchange Services: Cryptocurrency trading and exchange, along with crypto lending and leveraged margin trading.
– Earning Plans: Offers various plans claiming up to 30% annual profit.
– Referral Program: 40% commission from trading fees paid by referred users.
– Bug Bounty Program: Rewards for reporting vulnerabilities.
– Decentralized Exchange – HOTBITEXSwap: Governance token WSD and user-owned exchange with voting rights.
– Bitcoin Global: P2P crypto platform with zero commission trading for the first month.

Customer Support and Communication

– Email Contacts Provided: Listing, partnership, and support addresses.
– Lack of Other Contact Information: No phone numbers or physical addresses available.

Red Flags and Concerns

– Domain Spelling Discrepancy: The domain name spelling inconsistency with the website name.
– Links to Suspicious Domains: Associated with several defunct domains registered by the same individual.
– Lack of Regulatory Information: No clear information on regulation or compliance.
– Questionable Security Claims: Contradictions in security ranking claims.

Bottom Line

– Potential Scam Warning: Given the misleading information, domain inconsistencies, and lack of verified security claims, extreme caution is advised.
– Need for Further Investigation: Potential users should thoroughly research and verify claims before investing.

Awaiting your valuable contributions and viewpoints on this matter.