I am not discouraging you to hold long term in hotbit, but be very careful investing in exchanges.
My confidence in terms of earning interest via savings is on binance only, even if they have relatively low APR.
Remember, once the exchange is attacked or something, would be hard to get your money back.
But with binance, if anything happens, they have insurance called SAFU to protect their customers.
Even Binance is no longer a safe haven these days. They used to be. They've now followed a similar path that Bittrex used that drove away their customers in 2017.
Right now on binance:
- You can't access any of their services (spot trades, futures, p2p, etc) unless you KYC.
- Too centric on KYC and regulations these days.
- Won't hesitate to lock or release account details when requested by authorities.
That said, I'm considering moving the reminder of my funds for defi but from my own personal wallet rather than a custodial service or platform.