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Trading BUD on Hotbit, Everything You Need to Know

In a sign of Buddy’s growing popularity we are pleased to announce the BUD token’s listing on the Hotbit exchange. Along with our other exchange partners this listing will make it easier to trade and invest in Buddy and we’re looking forward to the boost in volume we expect it will provide.

The Hotbit Exchange

Hotbit is an exchange known for its intuitive trading screen. Many traders consider it to be one of the more modern and well-designed exchanges on the market. Founded in 2017 by a global team of professionals, according to the Hotbit website, “the core members of our team have all gained in-depth experience in both traditional financial and cryptocurrency industry.” This provides good evidence that the exchange is run by a competent, experienced team.

According to CoinMarketCap Hotbit is currently doing just under $100 million in daily volume. That puts it well below more popular exchanges like Binance and Bittrex, however, it’s still a considerable sum of money. Also, this is bear market trading volume and we expect it to increase considerably as cryptocurrency prices begin to rise.

While we believe Hotbit to be a reliable and trusted exchange, nonetheless we always urge BUD holders to follow best practice recommendations for securing their coins. That means using two factor authentication and not leaving large balances on the exchange for extended periods of time. As BUD is an ERC20 token it can be secured using a Ledger Nano S and we encourage our investors to buy one if they don’t already have a cold storage device.

Trading BUD on Hotbit

Anybody who would like to learn more about the Hotbit exchange and how to use it can read this comprehensive guide. Depositing funds on Hotbit is fast and free which makes it easy to get started. When you want to withdraw the fees are minimal which is great as you won’t have to worry about losing any significant amount of BUD.

If you haven’t signed up for Hotbit yet we encourage you to do so now. We believes it’s one of the best ways to trade BUD and going forward we think that it’s going to be one of the exchanges with the highest trading volume. That will ensure that you can always buy and sell your BUD tokens at the best possible price.