What is Hotbit? 📊
Founded in 2018 in China, Hotbit is a cryptocurrency exchange that is known for having a lot of coins and tokens listed and available for trading. They have a whopping combination of 1700+ coins and tokens listed!
What is Arbitrum? 🔵
Developed by Offchain Labs, Arbitrum is an Ethereum layer-2 scaling solution developed for high-throughput, and low-cost smart contract transactions.
Does Hotbit support deposits through Arbitrum? 💸
Yes! Hotbit supports depositing tokens such as Tether(USDT) and USDC through the Arbitrum Network.
Though some exchanges mark Arbitrum deposits and withdrawals as “unavailable” or “suspended” from time to time, it’s available most of the time.
Does Hotbit support withdrawals through Arbitrum? 🤑
Yes! Hotbit supports withdrawals of tokens such as Tether(USDT) and USDC through the Arbitrum Network.
Adding the Arbitrum Network to MetaMask 🦊
- Head over to Chainlist.org
- Lookup Arbitrum on the search bar
- Under Arbitrum One, click on Connect Wallet
- Click on Add To MetaMask
- On the MetaMask popup, click on Approve
Voila! You now have added the Avalanche Network to MetaMask.
is Hotbit safe and secure? 🔒🤔
The Hotbit team seems to be doing a pretty good job in keeping the platform secure. But regardless, while Hotbit is a great platform to trade, we always recommend using a hardware wallet for holding coins and tokens for the long term.
Final Thoughts 🗒
Trading or investing in tokens using centralized or decentralized exchanges is great and all that, but always make sure your funds are secure. We always recommend using a nice hardware wallet like a Ledger to achieve this.
