ScamCrypto Forum Forums Scam Analysis and Research Hotbitex Review: Investigating the Legitimacy of


  • Creator
  • #397 Reply

      Hello Readers,

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

      Overview of

      – 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.


      – 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.
      – 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.

    Reply To: Hotbitex Review: Investigating the Legitimacy of
    Your information:

    Scroll to Top