HTX is one of the best crypto trade 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 trade allows you to commerce 700 cash, and you may deposit 100+ fiat currencies to purchase and promote crypto.
The most effective options of the HTX trade 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 trade is appropriate for each rookies who need a easy strategy to begin buying and selling and skilled merchants searching for many choices and excessive quantity.
On this Huobi HTX assessment, we are going to cowl what HTX is, what the important thing options of HTX are, and what Huobi HTX charges are. We may even clarify learn how to create a brand new account to commerce crypto on HTX with a step-by-step information.
What’s HTX (Huobi Rebrand)?
HTX is among the high cryptocurrency exchanges based in 2013 as Huobi. The trade 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 america. The trade has been outstanding in buying and selling Bitcoin, Ethereum, and over 700 different digital belongings. It modified its title from Huobi to HTX in 2023.
In keeping with CMC knowledge, it processes a commerce quantity of over $4 billion per day. Additionally, it has $3.74 billion in reserve belongings. 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 payment of 0.2% for makers and takers, which will also be discounted by utilizing HTX tokens. It additionally supplies buying and selling bots, custody providers, and earn merchandise for passive earnings.
HTX shouldn’t be solely a buying and selling platform but in addition operates a blockchain ecosystem that has analysis, investments, and a decentralized neighborhood referred to as HTX DAO. The trade can also be engaged in new domains, reminiscent of Web3 and decentralized finance (DeFi). Just lately, it additionally established Inno Hub to nurture high-potential blockchain initiatives.
Based2013 (as Huobi), rebranded to HTX in 2023HeadquartersVictoria, SeychellesSupported Cash700+ cryptocurrenciesBuying and selling OptionsSpot buying and selling, margin buying and selling (5x), futures buying and selling (200x), copy buying and selling, buying and selling botsChargesSpot: 0.2% maker/taker, Futures: 0.02% maker, 0.06% takerSafety2FA, chilly storage, multi-signature wallets, investor safety fund, SSL encryptionSupported Nations160+ international locations (not out there within the USA)KYC RequirementSure (necessary)
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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.
Huge supported cash: It supplies an unlimited number of greater than 700 cryptocurrencies for customers to enterprise into fashionable and specialised digital belongings.Superior buying and selling instruments: The trade additionally has subtle buying and selling features, reminiscent of 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 means of its huge buying and selling quantity that gives zero value 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 occasions.
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 business norm of 0.1% maker/taker.Sluggish buyer help: The trade is given combined customer support evaluations as some customers expertise delays in response.
The place is HTX Situated?
HTX is positioned in Victoria, Seychelles. Seychelles is a small island nation within the Indian Ocean, and it is rather well-known for crypto firms like HTX due to its crypto-friendly legal guidelines.
The trade additionally operates places of work in different places, reminiscent of Hong Kong, South Korea, Japan, and america, however its headquarters is in Victoria. It began operations in China in 2013 underneath the title Huobi, however since China prohibited the operation of crypto exchanges in 2017, it relocated its core operations to Seychelles.
What are HTX Supported Nations?
The HTX supported international locations are over 160 nations worldwide, together with Australia, Brazil, Dubai, and South Korea. It supplies providers reminiscent of 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 international locations are granted full entry.
Is HTX Out there within the USA?
HTX is not out there within the USA. The trade prohibits customers from america from accessing its providers on account of strict U.S. laws on cryptocurrency buying and selling. This ban additionally applies to different international locations like China, Japan, and Singapore, however the U.S. stands out on account of its powerful monetary legal guidelines.
What Does HTX Stand For?
HTX stands for Huobi, TRON, and Trade. The title is damaged down as follows: “H” stands for Huobi, the corporate’s unique title when it was established in 2013; “T” stands for TRON, it’s a blockchain related to founder Justin Solar; and “X” stands for the trade itself.
What Are the Key Options of HTX?
The most effective options of the HTX trade 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”.
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HTX (Huobi) Professional
HTX Professional shouldn’t be a separate platform however a time period generally used to explain the superior options of the HTX trade. It’s primarily the total HTX platform that covers instruments and providers past fundamental spot buying and selling.
Because the trade 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 function. 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 trade additionally supplies 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 knowledge, like value alerts and market depth (like order ebook). You can too use the copy buying and selling function, the place you’ll be able to observe and duplicate the strikes of high merchants to earn earnings together with studying totally different buying and selling methods.
Word: HTX doesn’t prohibit these “Professional” options to any particular consumer 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 trade has all providers, 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 function for you if you wish to increase your buying and selling energy. Merely, this implies you’ll be able to borrow funds from the trade to commerce bigger quantities than you personal, multiplying earnings (and even losses, too). The trade 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 utilize: 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 especially limiting borrowing to a single commerce solely, not full account. HTX calculates curiosity on these borrowed funds hourly, with charges various by coin.
The trade additionally requires a margin deposit, which is known as preliminary margin, to safe the mortgage. It’s usually round 20% of the borrowed quantity for 5x leverage.
HTX ensures security with totally different threat administration instruments built-in natively for you. It units a margin name stage at 120% and a liquidation stage at 110%. Additionally, in case your commerce’s worth drops too far, the trade 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 supplies a pockets service as a part of its platform to retailer and handle cryptocurrencies. The pockets is especially built-in into the trade, 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 trade helps over 700 crypto belongings 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 may simply switch belongings between these accounts manually by way of the HTX interface, which typically takes just a few 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 to your common transactions. The trade additionally makes use of multi-signature know-how 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 trade. 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 gives advantages like payment reductions, governance rights, and rewards throughout the HTX ecosystem.
The trade caps the HTX token at a complete provide of 1 billion tokens. HTX token supplies buying and selling payment reductions to holders. The trade affords a base payment 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 essential pay community charges for withdrawals.
Deposit ChargesFree for all cryptocurrencies; community charges could applyWithdrawal ChargesVaries by community (however typically increased than different exchanges)Buying and selling FeesSpot: 0.2% maker/taker; Futures: 0.02% maker, 0.06% taker. (Decrease with quantity or HTX use)
Deposit and Withdrawal Charges
HTX doesn’t cost any charges from you for depositing cryptocurrencies into your account. This implies you’ll be able to simply switch Bitcoin, Ethereum, or some other supported cryptocurrency to your HTX pockets with out paying the trade a payment.
HTX costs a payment whenever you withdraw cryptocurrencies out of your account to a different pockets or crypto trade. Right here, the precise payment will depend on the cryptocurrency you’re withdrawing and the blockchain community situations. For Bitcoin, HTX’s withdrawal payment is 0.00025 BTC. For Ethereum, the payment is 0.0021 ETH.
Nonetheless, these charges are usually not secure and all the time change over time. The payment would possibly enhance barely as community congestion will increase to make sure that your transaction will get processed shortly. HTX additionally lists essentially the most present withdrawal charges on its web site underneath the “Withdrawal” part, so you’ll be able to simply verify the precise quantity earlier than transaction affirmation.
Word: Throughout our HTX assessment, now we have seen that it costs barely increased withdrawal charges in comparison with different exchanges like Binance, Bybit, or MEXC.
Buying and selling Charges
HTX costs buying and selling charges whenever you purchase or promote cryptocurrencies on its trade. The trade primarily operates on a maker/taker payment construction. Which means that 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 trade additionally affords decrease charges for top buying and selling quantity or it’s essential to maintain HTX Token (HTX).
For futures buying and selling, charges differ barely – makers should 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 essential 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 need to 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 may join together with your e mail tackle or cell phone quantity.
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Now, as you fill within the particulars, it’s essential comply with 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 cellphone – enter this 6-digit code to substantiate your account.
Then, the trade asks you to endure 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 title, nationality, and government-issued ID, reminiscent of a passport or driver’s license. You must add clear photos of your ID and a selfie with it. Usually, the trade processes this inside 2 hours if all data is appropriate.
Step 2: Deposit Funds to Commerce
HTX permits buying and selling solely when you deposit funds into the account. The trade helps numerous deposit strategies, together with cryptocurrency and fiat forex like USD or EUR.
So, to deposit crypto, it’s essential to 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 trade will generate a novel deposit tackle (e.g., 0x123abc…). That you must copy this tackle or scan its QR code. Now, open your exterior pockets (e.g., MetaMask or Coinbase), paste this tackle, and ship not less than 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. In case you’re not sure which belongings to put money into, HTX supplies entry to a few of the greatest cryptocurrencies to purchase, together with Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Step 3: Begin Buying and selling Crypto
Now, click on “Commerce” on the high, after which you need to select “Spot”. HTX shows a buying and selling interface with pairs reminiscent of 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 frequent order varieties: Restrict and Market order. That 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 steadiness. You may verify it underneath “Belongings”. You can too promote BTC equally. The trade additionally affords extra superior choices like “TP/SL” (Take Revenue/Cease Loss) to handle dangers, however as a newbie, you need to begin with the fundamentals.
Is HTX Legit and Protected?
Sure, HTX is a legit and protected crypto trade, making certain security with 2FA, chilly storage, multi-signature wallets, an investor safety fund, SSL encryption, anti-DDOS safety, KYC verification, an anti-phishing code, and tackle 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 cellphone or e mail.Chilly Storage: The trade holds 98% of its digital belongings in chilly wallets, that are offline and never internet-connected. This retains nearly all of funds safe from on-line assaults. Solely a bit stays on-line for buying and selling.Multi-Signature Wallets: HTX employs multi-signature know-how, so multiple secret’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 mistaken, reminiscent of 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, reminiscent of your login credentials. This encrypts the info in order that hackers are unable to entry it.Anti-DDOS Safety: The trade has measures in place to forestall Distributed Denial of Service (DDOS) assaults, whereby hackers bombard a web site to convey it down.KYC Verification: HTX adheres to Know Your Buyer (KYC) laws, requesting ID and tackle 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 trade incorporates this code into all precise emails they ship you, which suggests you’ll be able to determine phishing makes an attempt by scammers impersonating HTX.Withdrawal Tackle Whiteslisting: It’s a further safety measure by which you whitelist sure pockets addresses you plan to belief with withdrawals. Now, HTX will solely enable cash to be despatched to those whitelisted addresses.
Does HTX Require KYC?
Sure, HTX requires KYC verification for all customers who wish to deposit and commerce crypto. The trade will ask you to submit ID paperwork, which generally is a passport or driver’s license, and likewise proof of tackle, reminiscent of a utility invoice, throughout sign-up or earlier than buying and selling.
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