Hotbit Will Support WEB3 Deposit and Cumulative Small Deposit Functions on February 10th, 2023

Dear respected users,

Hotbit will support Web3 deposit and cumulative small deposit functions on February 10th, 2023. In order to launch these two functions on Hotbit, the deposit function on Hotbit will be in maintenance for 4 hours from 6:00 AM UTC to 10:00 AM UTC on February 10th, 2023. During the maintenance period, the deposit function of all coins/tokens is not available.

Note: The estimated time for maintenance is 4 hours, which may not be accurate. The specific recovery time will be announced separately. Hotbit will synchronize the upgrade progress on various social media. Users can follow the latest progress through Twitter, TG group, etc.

How to use web3 deposit?
Hotbit will support all users to deposit currency by using Web3 wallet directly. Ethereum chain will be supported in the first phase, and BSC and other EVM chains will be supported later. There is no minimum deposit limit for Web3 deposit function on Hotbit.

Example for ERC20-USDT:

1. Click USDT-ERC20-Web3 wallet:

2. Connect wallet-metamask

3. Select the wallet account you want to connect in metamask.

4. After the connection is completed, the balance of your web3 wallet will be displayed

5. Enter the amount you want to deposit, then click ‘’Deposit‘’. After the confirmation pop-up, click on ‘’Confirm Deposit‘’.

6. Confirm in your wallet

7. After submission, click to view on block explorer.

8. After block confirmation is complete, the deposit will be credited to your Hotbit account.

About Cumulative Small Deposits:

In most exchanges, if the deposit amount is less than the minimum amount, the deposit will neither be credited to your account nor be retrieved. But in Hotbit, if the deposit amount is less than the minimum amount, this kind of deposit will be marked as "small deposit". You can deposit more to make up the shortfall. When the cumulative amount of small deposits reaches the minimum limit, or you make a deposit (≥minimum deposit amount), all small deposits will be credited to your account together, and This process may take 5 to 10 minutes. You can check the details on the “Transaction History - Small Deposits” page.

For example:

If the minimum deposit amount of ERC20-USDT is 1 USDT, and you deposited 0.001 USDT, then you need to deposit ≥ (1-0.001) ERC20-USDT to make the small deposits credited into your account.