HIBT review
HIBT is a centralized cryptocurrency exchange established in 2021 and registered in Canada. CoinMarketCap describes it as headquartered in Dubai with operation centers in Japan, South Korea and Singapore, while CoinGecko lists a registered-agent address in Oshawa, Ontario, a discrepancy typical of lightly regulated offshore exchanges. Listing notes indicate it may have rebranded from an earlier platform called HotsCoin. The exchange offers spot and perpetual/futures trading with leverage up to 100x, margin trading, and fiat support skewed toward Asian currencies. It holds MSB registrations in Canada and the US rather than a full trading licence in any major market, and independent reviewer CoinGecko rates its cybersecurity just 1 out of 5 stars.
HIBT key facts
- Website: hibt.com
- Category: Centralized cryptocurrency exchange (CEX)
- Founded: 2021
- Headquarters: Disputed: Canada MSB address vs. self-described Dubai HQ
- Rebrand: Reportedly rebranded from HotsCoin
- Regulatory status: MSB registration in Canada and US; no full licence identified
- Trading fees: 0.2% standard fee; $2 flat withdrawal fee
- Supported assets: ~500 coins, 500+ pairs
- Cybersecurity rating: 1/5 stars, cer.live via CoinGecko
- FYI Score: 76.3/100 (ranked #34 of the 48 crypto exchanges we track)
Trading fees
- Standard fee of 0.2% on transactions
- Flat $2 withdrawal fee
- Margin trading available in full and isolated modes
Supported assets & products
- Roughly 500 cryptocurrencies across 500+ trading pairs
- Spot and perpetual/futures trading with leverage up to 100x
- Built-in DEX component, launchpad and OTC desk
- Desktop and mobile apps
Security & regulation
- Registered in Canada with US and Canadian MSB registrations; no full trading licence in a major market identified
- CoinGecko trust score of 6/10, with cybersecurity rated just 1 out of 5 stars by cer.live, the weakest component in its review
- Reports storing 90% of user funds in multi-signature cold wallets with 24/7 risk monitoring, though this figure is self-reported
- Not listed as a trusted exchange by CoinCodex
- Listing notes on CoinMarketCap indicate a rebrand from an earlier platform called HotsCoin
Fiat & payments
- Fiat support skewed toward Asian currencies: CNY, HKD, THB and JPY, alongside USD
- Debit/credit card and Apple Pay supported for purchases
- 5 stablecoins available, including USDT, USDC and Tether Gold
Markets
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Who HIBT is for
HIBT may suit traders wanting high-leverage futures and Asian-currency fiat on-ramps, but the 1-star cybersecurity rating, unclear headquarters, and MSB-only regulatory status are real risks worth weighing against exchanges with a fuller licensing picture.
Pros
- High reported liquidity relative to other newer offshore exchanges, with over $1 billion in reported 24h volume
- Broad asset coverage: roughly 500 cryptocurrencies across 500+ trading pairs
- Fiat on-ramps for several Asian currencies alongside USD
- Holds MSB registrations in both Canada and the US
Cons
- Cybersecurity rated only 1 out of 5 stars by independent reviewer cer.live, the weakest score among comparable exchanges reviewed
- Inconsistent headquarters claims across listings: a Canadian MSB registration address versus a self-described Dubai HQ
- Appears to have rebranded from a prior platform, HotsCoin, a change not independently corroborated beyond a listing note
- No full trading licence in any major market; MSB registration is a lighter-touch status, not comprehensive regulatory oversight
- Not listed as a trusted exchange by CoinCodex; liquidity assessed as "Low" in CoinGecko's trust-score breakdown
HIBT FAQ
Is HIBT regulated?
HIBT holds Money Services Business (MSB) registrations in Canada and the US, which cover money-transmission activity rather than a comprehensive trading licence. No full regulatory licence in a major market was identified.
Is HIBT safe?
HIBT's cybersecurity is rated just 1 out of 5 stars by independent reviewer cer.live, via CoinGecko's trust-score breakdown, the weakest component of its review. The exchange reports storing 90% of user funds in multi-signature cold wallets, but this figure is self-reported and not independently verified.
Where is HIBT based?
Sources disagree. CoinGecko lists a registered-agent address in Oshawa, Ontario, Canada, tied to its MSB registration, while CoinMarketCap describes a Dubai headquarters with operation centers in Japan, South Korea and Singapore. This kind of inconsistency is common among lightly regulated offshore exchanges.
Did HIBT rebrand from another exchange?
Listing notes on CoinMarketCap indicate HIBT rebranded from an earlier platform called HotsCoin, though this was not independently corroborated beyond that note.
Compare HIBT with other crypto exchanges
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