Huobi Global (HTX) is a Chinese cryptocurrency exchange that was founded in 2013. Since then, it has expanded globally, becoming one of the world’s largest and most popular exchanges. Both new and seasoned traders will find HTX to be an appealing option due to its extensive selection of digital assets, competitive fees, and multiple payment options.
For further information regarding this exchange, please read the following review that Betomon has provided.
Overview of the HTX
HTX is a global cryptocurrency exchange that highly prioritizes security and user experience. It provides a range of cryptocurrencies, such as well-known options such as Ethereum, Ripple, and Bitcoin. In addition, HTX offers a large assortment of trading pairs, which attracts traders seeking additional options.
With a maker fee of 0.2% and a taker fee of 0.2%, the HTX offers competitive trading fees in comparison to other exchanges. Payment methods provided include credit/debit cards, bank transfers and cryptocurrencies. Additionally, HTX provides a safe digital wallet for storing your digital assets. Moreover, HTX has a mobile app that allows users to access the platform from anywhere.
Huobi Global (Rebrands HTX)
To celebrate its 10th anniversary, Huobi Global announced in September 2023 that it would be rebranding to HTX. The announcement states that “H” stands for Huobi, “T” for TRON, signifying their dedication to the Tron blockchain, and “X” for the exchange.
HTX is one of the world’s ten largest cryptocurrency exchanges, currently ranked 10th by Coin Market Cap in terms of trading volume. The HTX was founded in 2013 by Leon Li and Du Jun. Prior to Huobi, Li was a computer engineer at Oracle, while Jun founded two other highly successful companies: Golden Finance and Node Capital.
Types of cryptocurrencies traded in HTX
More than 700 cryptocurrencies are available on HTX for you to purchase, hold, or sell. If you would rather not own crypto assets entirely, you can also trade them as futures contracts. Since we are unable to include a list of every cryptocurrency that is available at HTX, you should check the exchange’s website to see if your favorite token is accessible. However, below are several of the most popular products in HTX.
- Bitcoin (BTC)
- Ethereum (ETH)
- Huobi Token (HT)
- Ripple (XRP)
- EOS (EOS)
- Tether (USDT)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Cardano (ADA)
Fee
The HTX charges makers and takers a fee of 0.2% for all transactions. You will receive lower trading fees if you own HTX (HT) tokens, which will decrease the quantity of tokens you have in your cryptocurrency wallet. In case you are a professional crypto trader, the HTX maker fee begins at 0.0362%, while the taker fee is 0.0462%.
It should be noted that starting with the HTX is a free and relatively simple procedure. The minimum deposit requirement for this exchange is 100 USDT for USDT trading and 0.001BTC for BTC trading. Free deposits are accepted, but there will be charges for withdrawing your cryptocurrency. Depending on the chain you use, fees can range from £1 to £28.
When compared to other exchanges, the HTX exchange has generally lower fees. All fees are transparent, so you can easily budget before trading.
Payment methods
You can deposit and withdraw money by applying a variety of payment methods supported by the HTX exchange. To gain the most experience as an investor in the UK, you must trade via a convenient medium.
Bank transfer
- Credit/debit card
- Deposit cryptocurrency (e.g. Bitcoin, Ethereum, USDT)
- Third party/e-wallet (e.g. Paypal, Alipay, WeChat Pay)
- The Exchange also supports many fiat currencies for trading and buying cryptocurrencies. Including: EUR, GBP, JPY, etc.
Security
HTX puts a high priority on security, putting in place safeguards for user accounts involving SSL encryption and two-factor authentication. In addition, the exchange uses cold storage, an offline storage solution to protect most of its users’ digital assets. This reduces the risk of hacking and cyber attacks because assets are not accessed via the internet.
The multiple signature technology on cold storage offered by HTX has also greatly impressed us. You can be sure that no one person has control over the assets kept in cold storage because this technology requires several signatures from different users before any money can be taken out of cold storage.
In general, the HTX trading platform is highly secure because it abides by strict regulations set by the Financial Conduct Authority (FCA) and other international organizations. Additionally, it performs routine security audits to guarantee that its systems are safe and up to date with confidential measurements. Independent security specialists will perform these audits, checking the platform for problems and suggesting any necessary improvements.
Customer service
HTX offers 24/7 customer support via email. The platform also includes a comprehensive knowledge and FAQ section for user assistance. Unfortunately, there are no live chat or phone support options in HTX, and many users have complained about the low response rate on Trustpilot.
Educational
To assist users in remaining informed and making wise trading decisions, HTX offers educational resources such as trading guides and market analysis. Using these resources as a beginner will help you enhance your skills quickly and become self-sufficient. However, the exchange does not offer demo accounts.
How to create an HTX account?
Please make sure that you read the terms and conditions of HTX and determine whether its features meet your needs before deciding on investing. To manage your activities everywhere, download the application from the App Store or Google Play if you move frequently.
To help you quickly complete the account registration process and begin trading or investing, we have outlined the steps to open an account at the HTX below.
Click on the links on this page to visit the HTX official website and start the account registration process.. https://www.htx.com/
On the exchange page, click the “Register” button in the upper right corner. After that, select to register via phone or email and provide the requested personal information.
Once you click the “Continue” button, an email verification code will be sent for the anti-bot verification process.
Enter the password/one-time code to complete the registration process.
At this point, your account has been fully activated, make a deposit then you will be directed to the list of supported assets to trade or purchase.
If you are a beginner, start with small and gradually increase your capital as you gain experience with trading or investment assets. Keep in mind that the cryptocurrency market is unpredictable, so only invest money you can afford to lose.
*Do not invest in crypto assets unless you are willing to lose all your investment.
Frequently asked questions about the HTX exchange
Is the HTX trustworthy?
Absolutely, HTX is regarded as a reliable and legitimate exchange in the cryptocurrency market. The exchange has established a strong reputation for offering its users trusted and secure services since its founding in 2013. Additionally, to further guarantee the security of user assets, the exchange applies strict security measures such as multi-signature wallets and two-factor authentication.
Where is the HTX located?
Headquartered in the Seychelles, HTX has expanded its operations globally in the United States, Japan, South Korea, and Australia. HTX aims to increase the accessibility of cryptocurrencies to a global user base by offering a safe and convenient platform for buying, selling and trading digital assets. With a global presence, serving millions of users across more than 130 countries, HTX has grown to be one of the largest and most widely recognized cryptocurrency exchanges.
How to withdraw money from the HTX?
It’s easy to withdraw money from your HTX account. Follow the instructions below:
- Log in to your HTX account and select the withdrawal section.
- Click on the balance tab and select the currency you want to withdraw.
- Provide which wallet address you would like to receive your coins. To avoid any mistake that could result in losing money, double-check that you are entering the correct address.
- Carefully check the information you entered and confirm the withdrawal. To finish the withdrawal process, you might need to provide a one-time password or verify your account through email or SMS.
- Depending on network congestion, withdrawals may take a few minutes to several hours. In the “Withdrawal History” section, you are able to track the status of your withdrawals.
Which countries support the HTX?
Over 130 countries around the world, including the US, Singapore, South Korea, Japan, Australia, and others, can access the cryptocurrency exchange HTX. However, note that the availability of HTX services varies depending on the nation, some countries may impose restrictions on cryptocurrency trading.
To sum up
With a large selection of digital assets and reasonable fees, HTX is a reliable and user-friendly exchange. Because of its strong emphasis on security, it appeals to both beginners and professionals. In particular, we’re impressed with the educational materials offered by the HTX, which means that in addition to having a large selection of assets to trade, you can be sure that the experience will be valuable.
Despite having an outstanding reputation, this exchange has several drawbacks, for instance, users on Google Play, the App Store, and Trustpilot do not give its support service high ratings. Additionally, there may be high withdrawal fees, and only a small number of fiat currencies can be used for transactions. Overall, we recommend professional traders use this broker since its platform can be challenging for newcomers.
