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EXCHANGE TUTORIAL: BUYING, SELLING
CRYPTOS AND WITHDRAWAL ON
· Create an account
· If you are a new user, Click
Here to create a free Hotbit account and verification.
· Already have a Hotbit account, proceed to
STAGE 2: – TO TRANSFER MONEY TO HOTBIT
THE EXAMPLES USED IN THIS TUTORIAL ARE BITCOIN AND USDT
is worth noting the following:
at the time of writing up this tutorial, you cannot transfer money
directly from your bank account into your HOTBIT exchange / platform
You cannot directly buy
cryptos from your HOTBIT exchange account with a debit or credit card.
· Go to HOTBIT
· Point you mouse to wallet on the right at the top of
the page and click on deposit
· Click on crypto
· Click on the arrow to choose your desired crypto,
for example Bitcoin.
· Copy the displayed wallet address, for example:
· At this stage, you must already have a verified
account with one of the main crypto exchanges, for example COINBASE.
into your Coinbase account or your account in other main Crypto Exchanges.
· Bear in mind that you have already copied the (Bitcoin) deposit address:
· You must ensure that you copy the exact (Bitcoin)
deposit address from HOTBIT otherwise your money will go
missing on the network.
· Go to Coinbase portfolio
· Click on Bitcoin -
you must ensure that you have already purchased the Bitcoin
crypto on Coinbase and it is in your portfolio.
· SEND / RECEIVE option
· Ensure send is highlighted
· Enter the amount
· To – Select your desired option from To Box (Mobile, email or wallet address, for example:
· Choose wallet address if you are sending from
Coinbase to another platform for example, HOTBIT
and enter the recipient’s wallet address, specific to the cryptos
being sent. In this case, you
will enter the deposit wallet address copied from HOTBIT exchange.
· Choose mobile or email if you are sending to another
Coinbase account and enter the recipient’s mobile number or email.
· You can enter a little note which is optional
· Pay with - Select the cryptos to be sent, in this case, BITCOIN, for example:
· Click on continue and follow the wizard to complete
· It will take between 10 and 30 minutes for your
transfer to reflect on the Hotbit
· Please note that network fees is applicable when you
transact a transfer.
· Go to homepage
· Point cursor to wallet at the top of the page on the
· Check on transaction history to see whether your
Bitcoin transaction has been completed
· Check status to see whether it is pending or
· If it is complete, then you are ready to buy the
STAGE 3: – BUYING CRYPTOS ON THE HOTBIT EXCHANGE
· Go to HOTBIT
· Click on EXCHANGE at the top of the page
· Click in the SEARCH BOX to check whether the cryptos
you want to buy and its associated pair are available on HOTBIT
exchange - for example BITCOIN.
· Enter Bitcoin (BTC) in the search box
· Bitcoin will be displayed along with the associated
· It is worth noting that USDT is the associated pair
of most cryptos on HOTBIT exchange
· Click on it
· Buy / Sell will be displayed
· Note that HOTBIT only has LIMIT ORDER and does not
have market order.
· The fastest way to purchase cryptos on Hotbit
would be as follows:
· Scroll up to the ORDER BOOK ZONE on the top right of
· Red digits will be displayed in a column.
· Click to the last row of red digits in the red
· Scroll down to BUY
· Put your cursor or mouse on the green bar below
VOLUME and slide to the right until you get to the desired amount of
BITCOIN that you want to buy.
· Click on the BUY button to complete your purchase.
· Next, go to OPEN ORDER to see the status of your
TO SELL CRYPTO CURRENCIES ON HOTBIT for example, Bitcoin.
· Go to HOTBIT
· Point your mouse on WALLET
· Click on MY FUND to see all your purchased cryptos.
(This is like your portfolio)
· Go to the desired crypto that you want to sell.
· Point your mouse on trade at the far right hand and
the associated pair will be displayed, for example Bitcoin.
· Click on the associated pair USDT, to take you to
the buy / sell page.
Scroll up to the ORDER BOOK ZONE on the top right of the page
Green digits will be displayed in a column.
· The fastest way to sell your cryptos will be to click the first row of green digits in the green column
Go to the sell (RED)
area to place a limit order
· Put your cursor on the RED bar below VOLUME and
slide to the right to get the quantity of BITCOIN you want to sell.
· Click on the SELL
(RED) button to complete.
· Go to OPEN ORDER
· The status of your order will be displayed.
WITHDRAW CRYPTOS FROM HOTBIT EXCHANGE
Be sure to select the right cryptocurrency. If you send crypto to the
wrong address (eg, Bitcoin to a Bitcoin Cash address), your crypto
will be lost.
· Go to your COINBASE portfolio and choose Bitcoin wallet, for example:
· Send / Receive
will be displayed
· Click on RECEIVE
· The wallet address will be displayed
· Copy this address. You must ensure that you copy the entire address. For example, Bitcoin - Coinbase receive address:
· Go to HOTBIT
· Point your cursor to wallet and click on WITHDRAWAL:
Three buttons will be displayed – Crypto, fiat and internal transfer
Click on CRYPTO - click on the arrow to select the
crypto that you want to withdraw or send to your Coinbase account .
· Select BLOCKCHAIN
and click on (TRC20) button
to display available amount.
· Paste the received Bitcoin wallet address you copied from Coinbase in the WITHDRAWAL ADDRESS box. For example, Bitcoin - Coinbase receive address:
· Click on submit.
CRYPTOCURRENCY INVESTMENT RISKS
investments has risks and digital currency is no exception.
of the risks in digital currency investment are as follows:
· The exchange / platform / website holding your
digital currencies or cryptos could disappear or shut down, resulting
in the loss of all your cryptos. An example of such an exchange is MTGOX.
· You could misplace the private key to your wallet
avoid this, it is advisable to move your money to a private wallet
outside the exchange.
Note: Sending Crypto is irreversible
Before you send Bitcoin
(BTC) or any CryptoCurrency to recipient, please make sure
You're sending to
the correct wallet address.
by Sarah Uwajeh for 247broadstreet.com
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