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 SPL? ☀️
SPL is the token standard of the Solana Network. This token standard allows users to transfer tokens such as USDT, USDC, WBTC, WETH, etc, through the Solana network.
Does Hotbit support SPL token deposits? 💸
Yes! Hotbit supports depositing tokens such as Tether(USDT) and USDC through the Solana Network.
Though some exchanges mark Solana Network deposits and withdrawals as “unavailable” or “suspended” from time to time, it’s available most of the time.
Does Hotbit support SPL token withdrawals? 🤑
Yes! Hotbit supports withdrawals of tokens such as Tether(USDT) and USDC through the Solana Network.
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.
