Is it a Safe and Legit Exchange?

HTX is one of the best crypto alternate that began in 2013 as Huobi and have become HTX in 2023. It’s based mostly in Seychelles and serves tens of millions of customers worldwide. The alternate allows you to commerce 700 cash, and you may deposit 100+ fiat currencies to purchase and promote crypto.

The very best options of the HTX alternate are its “Professional” buying and selling options, together with 200x perpetual futures buying and selling, copy buying and selling, and margin buying and selling, together with an HTX pockets HTX token. The alternate is appropriate for each novices who desire a easy method to begin buying and selling and skilled merchants in search of many choices and excessive quantity.

On this Huobi HTX evaluate, we’ll cowl what HTX is, what the important thing options of HTX are, and what Huobi HTX charges are. We can even clarify methods to create a brand new account to commerce crypto on HTX with a step-by-step information.

What’s HTX (Huobi Rebrand)?

HTX is without doubt one of the prime cryptocurrency exchanges based in 2013 as Huobi. The alternate is headquartered in Seychelles and hosts over 50 million clients globally. It operates in additional than 160 nations and has consultant places of work in Hong Kong, South Korea, Japan, and the US. The alternate has been distinguished in buying and selling Bitcoin, Ethereum, and over 700 different digital property. It modified its identify from Huobi to HTX in 2023.

In response to CMC information, it processes a commerce quantity of over $4 billion per day. Additionally, it has $3.74 billion in reserve property. HTX affords spot buying and selling, futures buying and selling for as much as 200x, and margin buying and selling for 5x. There’s a buying and selling charge of 0.2% for makers and takers, which can be discounted through the use of HTX tokens. It additionally offers buying and selling bots, custody companies, and earn merchandise for passive revenue.

HTX just isn’t solely a buying and selling platform but in addition operates a blockchain ecosystem that has analysis, investments, and a decentralized group often known as HTX DAO. The alternate can also be engaged in new domains, akin to Web3 and decentralized finance (DeFi). Lately, it additionally established Inno Hub to nurture high-potential blockchain tasks.

Are you a brand new person? You possibly can register now with our HTX referral code to assert a 1,200 USDT sign-up bonus. 

What are the Professionals and Cons of HTX?

HTX Professionals:

The professionals of HTX are a variety of supported cash, superior buying and selling instruments, excessive buying and selling quantity, and excessive safety measures.

• Vast supported cash: It offers an infinite number of greater than 700 cryptocurrencies for customers to enterprise into fashionable and specialised digital property.
• Superior buying and selling instruments: The alternate additionally has refined buying and selling capabilities, akin to margin buying and selling and derivatives buying and selling, alongside TradingView charting.
• Excessive buying and selling quantity: HTX buying and selling platform customers can take pleasure in excessive liquidity by its huge buying and selling quantity that gives zero worth slippage.
• Excessive safety: It has sturdy safety measures, together with 2FA and chilly storage, to safeguard your funds.

HTX Cons:

The cons of HTX are U.S. unavailability, excessive buying and selling charges, and gradual buyer help response instances.

• No U.S. availability: HTX limits entry for customers from areas such because the U.S., and that is due to regulatory hurdles.
• Excessive charges: It levies exorbitant charges (0.2% maker/taker) as an alternative of following the trade norm of 0.1% maker/taker.
• Sluggish buyer help: The alternate is given combined customer support evaluations as some customers expertise delays in response.

The place is HTX Positioned?

HTX is situated in Victoria, Seychelles. Seychelles is a small island nation within the Indian Ocean, and it is vitally well-known for crypto corporations like HTX due to its crypto-friendly legal guidelines.

The alternate additionally operates places of work in different areas, akin to Hong Kong, South Korea, Japan, and the US, however its headquarters is in Victoria. It began operations in China in 2013 beneath the identify Huobi, however since China prohibited the operation of crypto exchanges in 2017, it relocated its core operations to Seychelles.

What are HTX Supported International locations?

The HTX supported nations are over 160 nations worldwide, together with Australia, Brazil, Dubai, and South Korea. It offers companies akin to buying and selling, staking, and lending for digital currencies like Bitcoin and Ethereum in these areas.

It additionally affords help in 15 languages and helps over 100 deposit fiat currencies. However, some areas are restricted, primarily due to native guidelines or safety laws, so not all nations are granted full entry.

Is HTX Obtainable within the USA?

HTX is not out there within the USA. The alternate prohibits customers from the US from accessing its companies because of strict U.S. laws on cryptocurrency buying and selling. This ban additionally applies to different nations like China, Japan, and Singapore, however the U.S. stands out because of its robust monetary legal guidelines. 

What Does HTX Stand For?

HTX stands for Huobi, TRON, and Change. The identify is damaged down as follows: “H” stands for Huobi, the corporate’s authentic identify when it was established in 2013; “T” stands for TRON, it’s a blockchain related to founder Justin Solar; and “X” stands for the alternate itself.

What Are the Key Options of HTX?

The very best options of the HTX alternate are its “Professional” buying and selling options, together with 200x futures contracts, copy buying and selling, and margin buying and selling, together with an HTX pockets and its governance token known as “HTX”.

You should use our HTX referral code whenever you be part of to obtain a 1,200 USDT bonus and save as much as 20% on buying and selling charges.

HTX (Huobi) Professional

HTX Professional just isn’t a separate platform however a time period typically used to explain the superior options of the HTX alternate. It’s primarily the total HTX platform that covers instruments and companies past fundamental spot buying and selling. 

Because the alternate rebranded to HTX, it dropped the “Professional” label as a definite entity. And as an alternative, it integrates all pro-level options into one unified system.

There are superior buying and selling choices as a Professional characteristic. It contains futures buying and selling with as much as 200x leverage on perpetual contracts for Bitcoin, Ethereum, Solana (SOL), and over 100 different cryptocurrencies. HTX helps each USDT-margined and coin-margined futures. The alternate additionally offers choices buying and selling.

Additionally, there’s a sturdy buying and selling interface with detailed charts and technical indicators. It’s constructed for crypto merchants who want real-time information, like worth alerts and market depth (like order ebook). You can too use the copy buying and selling characteristic, the place you may observe and replica the strikes of prime merchants to earn income together with studying totally different buying and selling methods.

Word: HTX doesn’t limit these “Professional” options to any particular person group. It makes them out there for all verified customers.

What’s the distinction between HTX Professional and common HTX?

HTX is a unified platform, so the distinction between “HTX Professional” and common “HTX” is extra about the best way that customers work together with its options than a bodily division. 

The alternate has all companies, easy and superior, on one system solely since its 2023 rebrand from Huobi World. So, common “HTX” is used extra for fundamental purchase/promote crypto, whereas “HTX Professional” covers all of the superior options like leverage buying and selling, copy buying and selling, auto buying and selling bots, staking, and extra.

Margin Buying and selling

HTX affords margin buying and selling as a key characteristic for you if you wish to enhance your buying and selling energy. Merely, this implies you may borrow funds from the alternate to commerce bigger quantities than you personal, multiplying income (and even losses, too). The alternate helps margin buying and selling on over 80 cryptocurrencies, together with Bitcoin, Ethereum, and XRP, and with leverage as much as 5x on spot markets.

There are two margin modes you should use: cross margin and remoted margin. Cross margin makes use of all of your out there funds in a margin account to cowl all losses throughout positions. An remoted margin is principally limiting borrowing to a single commerce solely, not full account. HTX calculates curiosity on these borrowed funds hourly, with charges various by coin.

The alternate additionally requires a margin deposit, which is named preliminary margin, to safe the mortgage. It’s usually round 20% of the borrowed quantity for 5x leverage. 

HTX ensures security with totally different danger administration instruments built-in natively for you. It units a margin name degree at 120% and a liquidation degree at 110%. Additionally, in case your commerce’s worth drops too far, the alternate warns you first so as to add funds, and you may shut the place to keep away from greater losses. It additionally affords futures margin buying and selling with as much as 200x leverage.

HTX Pockets

HTX offers a pockets service as a part of its platform to retailer and handle cryptocurrencies. The pockets is principally built-in into the alternate, so that you don’t want a separate app for this, and your funds keep in your HTX account just for buying and selling, incomes, or withdrawals. The alternate helps over 700 crypto property in its pockets, together with Bitcoin, Ethereum, HTX, and different low-cap altcoins.

HTX pockets splits into totally different accounts for particular makes use of as you require. It features a Spot account for normal buying and selling, a Futures account for derivatives, a Fiat account for P2P purchases, an Earn account for staking, and a Margin account for borrowed funds. You possibly can simply switch property between these accounts manually through the HTX interface, which typically takes only some clicks, and there are not any additional charges.

HTX secures its pockets with each cold and hot storage choices. It retains most of its funds offline in chilly wallets, whereas a small portion stays in scorching wallets in your common transactions. The alternate additionally makes use of multi-signature expertise and Proof of Reserves in order that customers can confirm that it holds 100% of their funds.

HTX Coin

HTX is the native cryptocurrency of the HTX alternate. This comes after rebranding from Huobi Token (HT) to align extra with the platform’s new id. It’s an ERC-20 token and can also be out there on different networks like TRC-20 and BEP-20. HTX primarily serves as a utility token that provides advantages like charge reductions, governance rights, and rewards inside the HTX ecosystem.

The alternate caps the HTX token at a complete provide of 1 billion tokens. HTX token offers buying and selling charge reductions to holders. The alternate affords a base charge of 0.2% for spot trades, however customers holding HTX can decrease this by as much as 25%. The coin’s present market cap is $1.77B (on the time of writing).

What Are Huobi HTX Charges?

HTX’s buying and selling charges are 0.2% for each makers and takers within the spot market. It doesn’t cost deposit charges, however it’s good to pay community charges for withdrawals.

Deposit and Withdrawal Charges

HTX doesn’t cost any charges from you for depositing cryptocurrencies into your account. This implies you may simply switch Bitcoin, Ethereum, or some other supported cryptocurrency to your HTX pockets with out paying the alternate a charge.

HTX expenses a charge whenever you withdraw cryptocurrencies out of your account to a different pockets or crypto alternate. Right here, the precise charge relies on the cryptocurrency you’re withdrawing and the blockchain community situations. For Bitcoin, HTX’s withdrawal charge is 0.00025 BTC. For Ethereum, the charge is 0.0021 ETH. 

Nevertheless, these charges are usually not secure and all the time change over time. The charge may enhance barely as community congestion will increase to make sure that your transaction will get processed shortly. HTX additionally lists probably the most present withdrawal charges on its web site beneath the “Withdrawal” part, so you may simply test the precise quantity earlier than transaction affirmation.

Word: Throughout our HTX evaluate, we now have observed that it expenses barely larger withdrawal charges in comparison with different exchanges like Binance, Bybit, or MEXC. 

Buying and selling Charges

HTX expenses buying and selling charges whenever you purchase or promote cryptocurrencies on its alternate. The alternate primarily operates on a maker/taker charge construction. Because of this makers present liquidity by putting restrict orders that don’t match instantly, and takers take liquidity by putting market orders that match immediately. 

For brand spanking new customers, the default buying and selling charges are 0.2% for each makers and takers. The alternate additionally affords decrease charges for top buying and selling quantity or you should maintain HTX Token (HTX). 

For futures buying and selling, charges differ barely – makers need to pay 0.02% and takers 0.06%. Just like spot buying and selling, you’re going to get a reduction based mostly in your buying and selling quantity.

How To Create a New Account to Commerce Crypto on HTX?

To create a brand new account to purchase crypto on HTX, it’s good to full KYC verification on HTX, deposit fiat or crypto, and begin buying and selling cryptocurrency.

Step 1: Create an HTX Account and Full KYC

Firstly, you must go to the official HTX web site. Discover the “Signal Up” button on the highest right-hand facet of the homepage and click on it. You possibly can join together with your e-mail handle or cell phone quantity.

You can too use our HTX referral code throughout registration to get a 1,200 USDT sign-up bonus and as much as 20% buying and selling charge rebates.

Now, as you fill within the particulars, it’s good to conform to the HTX Consumer Settlement and Privateness Coverage, then merely click on “Signal Up.” HTX will ship you a verification code to your e-mail or telephone – enter this 6-digit code to substantiate your account.

Then, the alternate asks you to bear KYC verification to entry all buying and selling options. Go to your profile icon and select “KYC L1” from the drop-down menu. HTX will request you to add your full identify, nationality, and government-issued ID, akin to a passport or driver’s license. It’s a must to add clear photographs of your ID and a selfie with it. Usually, the alternate processes this inside 2 hours if all data is right.

Step 2: Deposit Funds to Commerce

HTX permits buying and selling solely when you deposit funds into the account. The alternate helps numerous deposit strategies, together with cryptocurrency and fiat forex like USD or EUR. 

So, to deposit crypto, you should click on “Belongings” after which choose “Deposit” from that drop-down listing. Right here, HTX will show all supported cryptocurrencies – let’s use USDT (Tether) for instance because it’s fashionable. Select USDT, and the alternate will generate a singular deposit handle (e.g., 0x123abc…). You must copy this handle or scan its QR code. Now, open your exterior pockets (e.g., MetaMask or Coinbase), paste this handle, and ship at the very least 1 USDT.

You can too deposit fiat forex utilizing a debit/bank card or financial institution switch. You simply must go to the “Purchase” part, choose “P2P” or “Fast Purchase/Promote”, and now, observe the steps to finish the transaction. Should you’re uncertain which property to spend money on, HTX offers entry to among the best cryptocurrencies to buy, together with Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Step 3: Begin Buying and selling Crypto

Now, click on “Commerce” on the prime, after which you must select “Spot”. HTX shows a buying and selling interface with pairs akin to BTC/USDT. Choose your pair – let’s say you want to purchase Bitcoin with USDT. Scroll right down to the “Purchase/Promote” space beneath the chart. HTX affords 2 widespread order sorts: Restrict and Market order. You must enter the quantity, and HTX will compute the worth. Merely click on “Purchase BTC” to submit your purchase order.

After buying and selling, HTX will replace your account stability. You possibly can test it beneath “Belongings”. You can too promote BTC equally. The alternate additionally affords extra superior choices like “TP/SL” (Take Revenue/Cease Loss) to handle dangers, however as a newbie, it’s best to begin with the fundamentals.

Is HTX Legit and Secure?

Sure, HTX is a legit and protected crypto alternate, guaranteeing security with 2FA, chilly storage, multi-signature wallets, an investor safety fund, SSL encryption, anti-DDOS safety, KYC verification, an anti-phishing code, and handle whitelisting.

• Two-factor authentication (2FA): HTX mandates customers to activate 2FA, which requires a further step to log in. You want your password together with a code out of your telephone or e-mail.
• Chilly Storage: The alternate holds 98% of its digital property in chilly wallets, that are offline and never internet-connected. This retains the vast majority of funds safe from on-line assaults. Solely slightly stays on-line for buying and selling.
• Multi-Signature Wallets: HTX employs multi-signature expertise, so multiple key’s required to switch funds. This prevents anybody particular person or hacker from stealing funds with ease.
• Investor Safety Fund: HTX initiated this fund in January 2018, investing 20% of its quarterly earnings in shopping for again HTX tokens and holding them in reserve for emergencies. If one thing goes improper, akin to a hack, this fund ensures customers receives a commission again.
• SSL Encryption: HTX employs SSL encryption to safe data you transmit to their web site, akin to your login credentials. This encrypts the info in order that hackers are unable to entry it.
• Anti-DDOS Safety: The alternate has measures in place to stop Distributed Denial of Service (DDOS) assaults, whereby hackers bombard a web site to deliver it down.
• KYC Verification: HTX adheres to Know Your Buyer (KYC) laws, requesting ID and handle proof when signing up. This prevents fraud and illicit makes use of on the positioning.
• Anti-phishing Code: That is a person phrase or phrase you initialize in your account. The alternate incorporates this code into all precise emails they ship you, which implies you may determine phishing makes an attempt by scammers impersonating HTX.
• Withdrawal Deal with Whiteslisting: It’s a further safety measure through which you whitelist sure pockets addresses you plan to belief with withdrawals. Now, HTX will solely permit cash to be despatched to those whitelisted addresses.

Does HTX Require KYC?

Sure, HTX requires KYC verification for all customers who need to deposit and commerce crypto. The alternate will ask you to submit ID paperwork, which generally is a passport or driver’s license, and likewise proof of handle, akin to a utility invoice, throughout sign-up or earlier than buying and selling.

As a brand new person, you may join immediately utilizing our HTX referral code (Huobi coupons) to assert a 1,200 USDT welcome bonus.