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 TRC20? 🤔
TRC20 is the token standard of the Tron Network. This token standard allows users to transfer tokens such as USDT, USDC, WBTC, WETH, etc, through the Tron network.
Does Hotbit support TRC20 token deposits? 💸
Yes! Hotbit supports depositing TRC20 tokens such as Tether(USDT) and USDC.
Does Hotbit support TRC20 token withdrawals? 🤑
Yes! Hotbit supports withdrawing TRC20 tokens such as Tether(USDT) and USDC.
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.
