Does HotForex Accept Bitcoin?
On the 29th of 2021, HotForex made public that it had discontinued cryptocurrency trading. This means that all cryptocurrencies, including Bitcoin, are no longer accepted by HotForex. Whether a trader intends to buy, sell or swap cryptocurrencies, this is no longer an option at HotForex. ..
According to HotForex, this decision was necessitated by the volatile nature of the crypto market. Its dynamic nature has made it very unpredictable and volatile. It was on this backdrop that HotForex decided to discontinue crypto trading or any other crypto-related activity.
This decision by the exchange caused all open positions in cryptocurrency to be set to “close only mode.” This was effective from Friday, June 11, 2021.
The platform has announced that it will only be able to offer closed positions in crypto stocks, meaning that you can’t open new positions and still make money. If you’re already in a position and don’t want to close it, you’ll have to wait until the platform closes the trade. If you’re not in a position yet but want to keep your profits, you’ll have to wait until the platform closes all of the trades.
HotForex allows you to trade Bitcoin, but it also has policies in place that differ from other brokers. For example, HotForex does not allow you to buy or sell Bitcoin with cash. Instead, you must use a digital currency such as Bitcoin.
In early 2017, HotForex only allowed Bitcoin as a deposit option. This new development allowed users to deposit bitcoins by transferring bitcoins from a platform to theirs. Later that year, HotForex added Bitcoin to their Contract For Differences (CFD) where traders, while accessing their stock in a bid to tender a trade, can buy or sell bitcoin on the platform. Any Bitcoin bought is automatically converted to the coin the user trades in (account base currency). For instance, if you trade with USD when you buy a Bitcoin, it is converted to its USD equivalent. ..
HotForex is one of the leading online brokers that offers a variety of deposit methods for its customers. These include wire transfers, SEPA transfers, and international bank transfers. ..
- Via a bank transfer.
- Via a credit or debit card. Both methods are available on HotForex’s website and via the app. HotForex allows customers to make deposits using either of the following methods:
- Via a bank transfer.
- Via a credit or debit card. ..
You can deposit fiat currencies using any of the banks in your location. Whether you’re paying over the counter, or by wire transfers. For most bank transfers, the minimum cash allowed is 5 dollars while there are no benchmarks for maximum transfer.
HotForex also allows payment using debit or credit cards. Using Mastercard or Visa cards, you’re allowed to deposit a minimum of 5 dollars and a maximum of 10,000 dollars at a time.
There are a number of other deposit options available to consumers. Some of these include: When looking for a bank account, consumers should consider the various deposit options that are available to them. These include traditional banks, online banks, and mobile banking apps. ..
For withdrawals, the same options are available as for deposits. Bear in mind that HotForex does not charge deposit or withdrawal fees.
To deposit or withdraw money from your HotForex account, click the “deposit” or “fund withdrawal” option on the top right of your screen. Follow the prompts to complete your transaction.
Conclusion
HotForex has decided to stop accepting Bitcoin as a form of payment, so if you’re only interested in crypto, you’ll have to try out other brokers. But if you’re looking to invest in the market, HotForex can help with that. So it’s recommended that you do some research before making this decision, as what is given here is what is available on the HotForex website."
No, we offer a variety of trading products including CFDs and stocks. ..
HotForex has a chain of dealings including sports. They may seem to only deal with Forex because Forex forms the larger part of their operations.
HotForex withdrawal costs vary depending on the account type and the amount of money you want to withdraw. For example, a $10 withdrawal would cost $0.10 per dollar.
HotForex offers no withdrawal or deposit fee, which makes it a great option for those looking to trade Forex.
