Is it a Protected and Legit Change?

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 tens of millions of customers worldwide. The alternate enables you to commerce 700 cash, and you may deposit 100+ fiat currencies to purchase and promote crypto.

The most effective 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 freshmen who desire a easy method to begin buying and selling and skilled merchants on the lookout for 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 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 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 outstanding in buying and selling Bitcoin, Ethereum, and over 700 different digital belongings. It modified its identify from Huobi to HTX in 2023.

Based on CMC information, it processes a commerce quantity of over $four 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 price of 0.2% for makers and takers, which will 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 is just not solely a buying and selling platform but additionally operates a blockchain ecosystem that has analysis, investments, and a decentralized neighborhood often known as HTX DAO. The alternate can be engaged in new domains, comparable to Web3 and decentralized finance (DeFi). Just lately, it additionally established Inno Hub to nurture high-potential blockchain initiatives.

Are you a brand new person? You may 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.

• Extensive supported cash: It supplies an infinite number of greater than 700 cryptocurrencies for customers to enterprise into well-liked and specialised digital belongings.
• Superior buying and selling instruments: The alternate additionally has refined buying and selling capabilities, comparable 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 means of its large 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 sluggish 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 a substitute of following the trade norm of 0.1% maker/taker.
• Gradual buyer help: The alternate is given blended 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 rather well-known for crypto firms like HTX due to its crypto-friendly legal guidelines.

The alternate additionally operates places of work in different areas, comparable to Hong Kong, South Korea, Japan, and the US, however its headquarters is in Victoria. It began operations in China in 2013 below 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 comparable 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 Accessible within the USA?

HTX is not accessible within the USA. The alternate prohibits customers from the US from accessing its providers as a consequence 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 as a consequence 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 unique 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 most effective 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 utilize our HTX referral code if 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 is just not a separate platform however a time period generally used to explain the superior options of the HTX alternate. It’s basically the total HTX platform that covers instruments and providers past fundamental 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 function. 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 information, like value alerts and market depth (like order ebook). You may as well use the copy buying and selling function, the place you possibly can observe and duplicate the strikes of prime merchants to earn earnings together with studying totally different buying and selling methods.

Be aware: HTX doesn’t prohibit these “Professional” options to any particular person group. It makes them accessible 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 way in which 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 International. 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 enhance your buying and selling energy. Merely, this implies you possibly can 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 accessible 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 alternate additionally requires a margin deposit, which is named preliminary margin, to safe the mortgage. It’s sometimes 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 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 larger 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 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 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 further 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 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 identification. It’s an ERC-20 token and can be accessible 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 throughout 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 affords 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 and Withdrawal Charges

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

HTX prices a price if 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 situations. For Bitcoin, HTX’s withdrawal price is 0.00025 BTC. For Ethereum, the price is 0.0021 ETH. 

Nonetheless, these charges are usually not steady and at all times change over time. The price may 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 below the “Withdrawal” part, so you possibly can simply verify the precise quantity earlier than transaction affirmation.

Be aware: Throughout our HTX evaluate, we’ve got seen that it prices barely increased withdrawal charges in comparison with different exchanges like Binance, Bybit, or MEXC. 

Buying and selling Charges

HTX prices buying and selling charges if you purchase or promote cryptocurrencies on its alternate. The alternate primarily operates on a maker/taker price construction. Because of this makers present liquidity by inserting restrict orders that don’t match instantly, and takers take liquidity by inserting 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 prime buying and selling quantity or you need to maintain HTX Token (HTX). 

For futures buying and selling, charges differ barely – makers should 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 aspect of the homepage and click on it. You may enroll along with your e-mail deal with or cell phone quantity.

You may as well 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 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 verify 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, comparable to a passport or driver’s license. You must add clear photos of your ID and a selfie with it. Usually, the alternate 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 alternate helps numerous deposit strategies, together with cryptocurrency and fiat forex like USD or EUR. 

So, to deposit crypto, you need to click on “Property” after which choose “Deposit” from that drop-down record. Right here, HTX will show all supported cryptocurrencies – let’s use USDT (Tether) for instance because it’s well-liked. Select USDT, and the alternate will generate a novel deposit deal with (e.g., 0x123abc…). It is advisable 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 no less than 1 USDT.

You may as well deposit fiat forex utilizing a debit/bank card or financial institution switch. You simply have to 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 not sure which belongings to spend money on, HTX supplies entry to a few of 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 it’s a must to select “Spot”. HTX shows a buying and selling interface with pairs comparable to BTC/USDT. Choose your pair – let’s say you want to purchase Bitcoin with USDT. Scroll right down to the “Purchase/Promote” space under the chart. HTX affords 2 frequent order varieties: Restrict and Market order. It is advisable to enter the quantity, and HTX will compute the value. Merely click on “Purchase BTC” to submit your purchase order.

After buying and selling, HTX will replace your account steadiness. You may verify it below “Property”. You may as well promote BTC equally. The alternate 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 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 an extra step to log in. You want your password together with a code out of your cellphone or e-mail.
• Chilly Storage: The alternate holds 98% of its digital belongings in chilly wallets, that are offline and never internet-connected. This retains the vast majority of funds safe from on-line assaults. Solely somewhat stays on-line for buying and selling.
• Multi-Signature Wallets: HTX employs multi-signature expertise, so a couple of secret is 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, comparable 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, comparable to 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 a web site to deliver it down.
• KYC Verification: HTX adheres to Know Your Buyer (KYC) laws, 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 implies you possibly can determine phishing makes an attempt by scammers impersonating HTX.
• Withdrawal Deal with Whiteslisting: It’s an extra 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 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 in addition proof of deal with, comparable to a utility invoice, throughout sign-up or earlier than buying and selling.

As a brand new person, you possibly can enroll at present utilizing our HTX referral code (Huobi coupons) to assert a 1,200 USDT welcome bonus.