HTX is the very best crypto alternate that began in 2013 as Huobi and have become HTX in 2023. It’s based mostly in Seychelles and serves thousands and thousands of customers worldwide. The alternate permits you to commerce 700 cash, and you’ll deposit 100+ fiat currencies to purchase and promote crypto.
The perfect 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 inexperienced persons who need a easy option to begin buying and selling and skilled merchants searching for many choices and excessive quantity.
On this Huobi HTX evaluate, 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 tips on 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 likely 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 workplaces in Hong Kong, South Korea, Japan, and the USA. The alternate has been outstanding in buying and selling Bitcoin, Ethereum, and over 700 different digital property. It modified its identify from Huobi to HTX in 2023.
In accordance with CMC knowledge, it processes a commerce quantity of over $4 billion per day. Additionally, it has $3.74 billion in reserve property. HTX gives 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 price of 0.2% for makers and takers, which may also be discounted through the use of HTX tokens. It additionally supplies buying and selling bots, custody providers, and earn merchandise for passive revenue.
HTX shouldn’t be solely a buying and selling platform but additionally operates a blockchain ecosystem that has analysis, investments, and a decentralized neighborhood often called HTX DAO. The alternate can also be engaged in new domains, resembling 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+ nations (not obtainable within the USA)KYC RequirementSure (obligatory)
Are you a brand new consumer? You’ll be able to register now with our HTX referral code to say 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.
Large supported cash: It supplies an unlimited number of greater than 700 cryptocurrencies for customers to enterprise into in style and specialised digital property.Superior buying and selling instruments: The alternate additionally has refined buying and selling capabilities, resembling margin buying and selling and derivatives buying and selling, alongside TradingView charting.Excessive buying and selling quantity: HTX buying and selling platform customers can get pleasure from excessive liquidity by its huge buying and selling quantity that gives zero value slippage.Excessive safety: It has strong 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 assist 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 a substitute of following the business norm of 0.1% maker/taker.Sluggish buyer assist: The alternate is given blended customer support opinions as some customers expertise delays in response.
The place is HTX Situated?
HTX is situated in Victoria, Seychelles. Seychelles is a small island nation within the Indian Ocean, and it is extremely well-known for crypto firms like HTX due to its crypto-friendly legal guidelines.
The alternate additionally operates workplaces in different places, resembling Hong Kong, South Korea, Japan, and the USA, 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 Nations?
The HTX supported nations are over 160 nations worldwide, together with Australia, Brazil, Dubai, and South Korea. It supplies providers resembling buying and selling, staking, and lending for digital currencies like Bitcoin and Ethereum in these areas.
It additionally gives help in 15 languages and helps over 100 deposit fiat currencies. However, some areas are restricted, primarily due to native guidelines or safety rules, so not all nations are granted full entry.
Is HTX Obtainable within the USA?
HTX is not obtainable within the USA. The alternate prohibits customers from the USA from accessing its providers on account of strict U.S. rules on cryptocurrency buying and selling. This ban additionally applies to different nations like China, Japan, and Singapore, however the U.S. stands out on account 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 perfect 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 a 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 shouldn’t be a separate platform however a time period generally used to explain the superior options of the HTX alternate. It’s basically the complete HTX platform that covers instruments and providers past primary spot buying and selling.
Because the alternate rebranded to HTX, it dropped the “Professional” label as a definite entity. And as a substitute, it integrates all pro-level options into one unified system.
There are superior buying and selling choices as a Professional characteristic. It consists of 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 supplies choices buying and selling.
Additionally, there’s a strong 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 may also use the copy buying and selling characteristic, the place you may observe and replica the strikes of prime merchants to earn earnings together with studying totally different buying and selling methods.
Observe: HTX doesn’t prohibit these “Professional” options to any particular consumer group. It makes them obtainable 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 providers, easy and superior, on one system solely since its 2023 rebrand from Huobi World. So, common “HTX” is used extra for primary 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 gives margin buying and selling as a key characteristic for you if you wish to increase your buying and selling energy. Merely, this implies you may borrow funds from the alternate to commerce bigger quantities than you personal, multiplying earnings (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 utilize: cross margin and remoted margin. Cross margin makes use of all of your obtainable 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 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 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’ll shut the place to keep away from larger losses. It additionally gives 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 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’ll be able to 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 warm storage choices. It retains most of its funds offline in chilly wallets, whereas a small portion stays in sizzling wallets to 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 identification. It’s an ERC-20 token and can also be obtainable on different networks like TRC-20 and BEP-20. HTX primarily serves as a utility token that gives advantages like price 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 supplies buying and selling price reductions to holders. The alternate gives a base price 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 you must pay community charges for withdrawals.
Deposit ChargesFree for all cryptocurrencies; community charges might applyWithdrawal ChargesVaries by community (however typically larger 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 may simply switch Bitcoin, Ethereum, or some other supported cryptocurrency to your HTX pockets with out paying the alternate a price.
HTX prices a price whenever you withdraw cryptocurrencies out of your account to a different pockets or crypto alternate. Right here, the precise price relies on the cryptocurrency you’re withdrawing and the blockchain community circumstances. For Bitcoin, HTX’s withdrawal price is 0.00025 BTC. For Ethereum, the price is 0.0021 ETH.
Nevertheless, these charges aren’t steady and at all times change over time. The price would possibly 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.
Observe: Throughout our HTX evaluate, we now have seen that it prices barely larger withdrawal charges in comparison with different exchanges like Binance, Bybit, or MEXC.
Buying and selling Charges
HTX prices buying and selling charges whenever you purchase or promote cryptocurrencies on its alternate. The alternate primarily operates on a maker/taker price construction. Which means 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 new customers, the default buying and selling charges are 0.2% for each makers and takers. The alternate additionally gives decrease charges for prime buying and selling quantity or you could maintain HTX Token (HTX).
For futures buying and selling, charges differ barely – makers need to pay 0.02% and takers 0.06%. Much like spot buying and selling, you’ll 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, you must 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, it’s a must 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’ll be able to enroll together with your electronic mail deal with or cell phone quantity.
You may also use our HTX referral code throughout registration to get a 1,200 USDT sign-up bonus and as much as 20% buying and selling price rebates.
Now, as you fill within the particulars, you must conform to the HTX Person Settlement and Privateness Coverage, then merely click on “Signal Up.” HTX will ship you a verification code to your electronic mail or telephone – enter this 6-digit code to substantiate your account.
Then, the alternate 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 identify, nationality, and government-issued ID, resembling a passport or driver’s license. It’s important to add clear pictures of your ID and a selfie with it. Typically, the alternate processes this inside 2 hours if all info is right.
Step 2: Deposit Funds to Commerce
HTX permits buying and selling solely when you deposit funds into the account. The alternate helps varied deposit strategies, together with cryptocurrency and fiat foreign money like USD or EUR.
So, to deposit crypto, you could click on “Property” after which choose “Deposit” from that drop-down listing. Right here, HTX will show all supported cryptocurrencies – let’s use USDT (Tether) for example because it’s in style. Select USDT, and the alternate will generate a singular deposit deal with (e.g., 0x123abc…). It’s good to copy this deal with or scan its QR code. Now, open your exterior pockets (e.g., MetaMask or Coinbase), paste this deal with, and ship a minimum of 1 USDT.
You may also deposit fiat foreign money 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 the event you’re uncertain which property to put money into, HTX supplies entry to a number of the finest 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 prime, after which it’s a must to select “Spot”. HTX shows a buying and selling interface with pairs resembling 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 gives 2 widespread order varieties: Restrict and Market order. It’s good to 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’ll be able to test it beneath “Property”. You may also promote BTC equally. The alternate additionally gives 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 deal with 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 electronic mail.Chilly Storage: The alternate holds 98% of its digital property in chilly wallets, that are offline and never internet-connected. This retains nearly all of funds safe from on-line assaults. Solely just a little 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 flawed, resembling a hack, this fund ensures customers receives a commission again.SSL Encryption: HTX employs SSL encryption to safe info you transmit to their web site, resembling your login credentials. This encrypts the information 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 an internet site to carry it down.KYC Verification: HTX adheres to Know Your Buyer (KYC) rules, requesting ID and deal with proof when signing up. This prevents fraud and illicit makes use of on the location.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 suggests you may determine phishing makes an attempt by scammers impersonating HTX.Withdrawal Tackle Whiteslisting: It’s a further safety measure during 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 could be a passport or driver’s license, and likewise proof of deal with, resembling a utility invoice, throughout sign-up or earlier than buying and selling.
As a brand new consumer, you may enroll at the moment utilizing our HTX referral code (Huobi coupons) to say a 1,200 USDT welcome bonus.
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