HTX (Huobi) Review: Latest HTX Pros, Cons, and Key Features 2024

HTX Exchange stands out as a notable platform, attracting traders worldwide. Launched in China and rebranded from Huobi, HTX supports 700 cryptocurrencies, offering spot trading, futures, and leveraged options. HTX focuses on low transaction fees and tight spreads, boosting user returns on each trade.

HTX has over 50 million registered users across 170 countries. It is licensed in key jurisdictions like Australia, Lithuania, South America, and Dubai. This HTX review explores features, benefits, and performance to help new traders assess if it meets their trading needs in 2024.

Learn more exchanges at DavidWabinz.com.

What is Huobi Global? (HTX Rebrand)

HTX emerged as Huobi Global's new identity in September 2023. This rebranding marked a decade of growth and innovation. HTX now stands as a top-10 global crypto exchange by trading volume. Its name reflects its Huobi roots, TRON blockchain focus, and exchange prowess. Founded in 2013 by tech veteran Leon Li and finance expert Du Jun, HTX blends cutting-edge technology with deep market insight. This powerful combination fuels HTX's mission to lead the digital asset revolution.

HTX Exchange rose to prominence in Asian markets. Its roots in China fueled rapid growth. Regulatory shifts prompted a move to Seychelles. HTX expanded across Asia but faced hurdles in the U.S. market. Co-founder Du Jun eyes a U.S. return, pending proper licensing.

HTX serves a global user base with key exceptions. Japan and the U.S. face restrictions. Japanese users turn to Huobi Japan. Korean traders access Huobi Korea. HTX stands tall among giants like Binance and KuCoin. Its robust platform attracts seasoned traders.

HTX Security

HTX security stands as a cornerstone of the platform's operations. Client funds rest safely in multi-signature cold wallets. A massive 20,000 BTC Security Reserve Fund backs user assets. This fund promises reimbursement if security incidents occur. HTX security measures follow strict compliance standards. Industry best practices guide their robust protection systems. Users can trade with confidence, knowing HTX security prioritizes their financial safety.

HTX leads the crypto world in security excellence. As of 2024, its Security Fund remains untouched. This feat puts HTX in an elite group with SwissBorg and Kraken. No hacker has breached HTX's defenses, showcasing its top-tier protection.

HTX safeguards user funds with cutting-edge methods. Offline cold storage and multi-factor encryption shield assets. Round-the-clock monitoring adds another layer of security. Users enjoy peace of mind through robust account protections.

In 2024, HTX continues to enhance its security features. Strong passwords and two-factor authentication remain standard. New updates include improved whitelist controls and anti-phishing measures. HTX's commitment to safety grows stronger with each passing year.

HTX Pros and Cons

HTX offers compelling pros for traders at all levels. Its rebrand from Huobi brought fresh features and improvements. HTX caters to beginners and experts alike with its diverse platform. While HTX excels in many areas, it faces some challenges too. Understanding HTX's pros and cons helps users make informed decisions.

HTX Pros

• Provides a diverse range of cryptocurrencies available for trading.
• Intuitive interface tailored for novice traders.
• Implements stringent security protocols to safeguard user funds.
• Maintains competitive trading fees.
• Incorporates advanced trading tools catering to professional traders.

HTX Cons

• Scarce educational materials targeted at beginners.
• Customer support response time may be sluggish.
• Absence of fiat currency trading capabilities.
• Withdrawal fees might surpass those of certain competitors.
• Restricted global accessibility due to regional limitations.

HTX Cryptocurrencies Available

HTX Cryptocurrencies offer a vast selection for traders. Over 500 digital assets populate the HTX platform. HTX Cryptocurrencies include major coins like Bitcoin and Ethereum. Altcoin enthusiasts find hidden gems among HTX Cryptocurrencies. Ripple, Litecoin, Cardano, and Solana round out the popular options. HTX Cryptocurrencies cater to both mainstream and niche market interests.

HTX shines with its diverse cryptocurrency lineup in 2024. It outpaces Coinbase and Kraken in asset variety. HTX offers traders a rich selection of digital coins. While not matching Binance or KuCoin's vast arrays, HTX still impresses.

Cryptocurrencies on HTX cater to various trading styles. The platform balances popular coins with emerging assets. HTX's 2024 update expands its crypto offerings further. Traders find a sweet spot between variety and manageability.

HTX stands out as a top choice for crypto enthusiasts. Its selection strikes a balance in the competitive exchange landscape. For most traders, HTX's cryptocurrency range meets and exceeds expectations. Those seeking the absolute maximum variety might explore alternatives.

HTX Exchange Features

HTX Exchange offers standout features for crypto enthusiasts. Finance and Earn options lead HTX's impressive lineup. HTX's mobile app brings trading power to your pocket. Advanced trading tools set HTX apart from competitors. These key elements make HTX a top choice for traders. We'll explore each HTX advantage in depth below.

HTX Margin Trading

HTX elevates trading with powerful leverage options. Margin trading on HTX unlocks up to 5x leverage for spot markets. HTX supports margin trading across more than 80 tokens. Traders easily spot margin-eligible tokens on HTX's platform. A blue box with an ‘x' marks these special assets. HTX's margin trading feature empowers traders to amplify their strategies. This HTX offering stands out in the competitive crypto exchange landscape.

Traders can switch between leveraged and non-leveraged tokens. They do this by moving between the Spot and Margin sections on the trading interface. They can use two different methods to do this, as shown by the red arrows.

Also, traders can choose leveraged tokens. These are similar to those offered by Bybit, Binance, and KuCoin. HTX calls them exchange-traded products (ETPs).

HTX Leveraged Exchange Traded Products

HTX's 2024 update enhances its Exchange Traded Products (ETP) offerings. Leveraged Tokens now provide 3x leverage on major cryptocurrencies. HTX integrates these powerful tools directly into its trading interface.

ETPs on HTX include Bitcoin, Ethereum, and Chainlink options. Traders can go long or short with 3x leverage on each asset. HTX simplifies complex strategies through intuitive ticker symbols. BTC3 for Bitcoin longs and ETH(-3) for Ethereum shorts exemplify HTX's user-friendly approach.

HTX's leveraged ETPs attract traders seeking balanced risk and reward. These instruments trade like spot markets, reducing complexity. HTX eliminates liquidation risks, a key advantage over traditional margin trading. This 2024 HTX feature empowers traders to amplify potential gains while managing exposure.

HTX Trading Bot

HTX advances its trading bot capabilities in 2024. The platform now features a user-friendly grid trading bot. HTX integrates this tool directly into its main interface. While KuCoin leads in bot variety, HTX focuses on quality and simplicity.

Trading bots on HTX offer powerful automation. Users set price limits and grid numbers with ease. HTX's bot setup impacts profit potential per grid. This 2024 update simplifies complex trading strategies for HTX users.

HTX supports external bot integration through APIs. Traders can use Websocket and Rest APIs with HTX. For those new to grid trading, HTX provides a comprehensive guide. This flexibility allows HTX to cater to both novice and expert bot traders in 2024.

My opinion:

Listen up, because this advice could save your portfolio. Automated trading isn't the golden ticket many newcomers think it is. I've watched countless traders crash and burn, trusting blindly in algorithms.

Here's the truth: trading bots are powerful tools, but they're not miracle workers. They excel in specific conditions but can't adapt to every market twist. Successful traders, we're market chameleons. We read the signs, feel the pulse, and adjust our strategies on the fly.

Think of bots as high-octane fuel. In expert hands, they're rocket boosters. But for novices? It's like strapping a jet engine to a bicycle. Disaster waiting to happen.

Let me share a pro tip: we use bots strategically, not as a crutch. They're part of our toolkit, not the whole toolbox. Years of experience teach you when to deploy automation and when to trust your instincts.

Before you hand over your financial future to an algorithm, pause. Immerse yourself in the market. Learn its rhythms. Develop your skills. Only then can you truly harness the power of trading bots without risking it all.

Remember, in this game, knowledge isn't just power – it's profit.

HTX Futures Trading

HTX Futures Trading shines as the premier choice for derivatives enthusiasts. This platform offers many products. They include traditional futures, perpetual swaps, coin-margined futures, USDT-margined futures, and options. Traders flock to HTX Futures Trading for its comprehensive selection, making it a standout in the market.

Huobi Futures revolutionizes trading with its innovative cross-margin mode. This 2024 update enhances flexibility for traders. Contract margin, a key deposit, now adapts dynamically to market shifts. Traders gain more control over their futures contracts with this responsive system. Huobi Futures' smart approach adjusts position margins automatically as prices fluctuate. This breakthrough makes trading more accessible and efficient for both novices and experts.

HTX Futures simplifies position margin calculations with a clear formula. The platform uses contract face value and quantity to determine margin requirements. It also uses the latest price and leverage ratio. Let's explore two practical examples.

1. For Bitcoin contracts, imagine opening a long position of 10 lots, each worth 100 USD. With Bitcoin at 5000 USD and 10x leverage, your position margin is a modest 0.02 BTC. This approach allows for efficient capital use.
2. Ethereum contracts work similarly. A 10-lot long position, each lot at 10 USD, with Ethereum at 5 USD and 10x leverage, requires only 2 EOS as margin. Huobi Futures' system makes complex trades accessible to all levels of traders.

This straightforward calculation method empowers traders to manage risk effectively. Users keep control over their investments. It helps traders maximize their trading potential.

Certain derivatives products offer leverage of up to 200x, particularly Coin-margined futures. Margin availability on futures contracts follows a tiered structure, as illustrated below:

When it comes to charts, there are three different options available to cater to the diverse needs of traders:

1. Standard Chart: This option offers basic features and functionality, with limited indicator choices. It includes 5, 10, and 30-day moving averages along with a volume indicator displaying a 20-day moving average at the bottom. Time frames range from 1 minute to 1 month, but there are no drawing tools or additional indicators.
2. TradingView: TradingView is likely the most popular choice among traders as it offers comprehensive charting tools and is seamlessly integrated within the HTX trading interface, providing convenience and accessibility.
3. Depth Chart: The depth chart serves as a valuable tool for traders, illustrating the disparity between buying and selling sentiment. It visually represents the buy and sell orders for a specific asset at different price levels, aiding traders in making informed decisions.

HTX elevates trading with its diverse, advanced order types.

• Limit orders give precise control, allowing traders to set exact prices and quantities. The platform enhances this with unique mechanisms like “Post only”, “FOK”, and “IOC”.
• Trigger orders add a strategic layer, activating trades at predetermined market conditions. This feature empowers traders to react swiftly to market movements.
• BBO orders simplify trading by automatically matching the best available price. HTX takes this further with Optimal Top N BBO Price orders, offering lightning-fast executions at top-tier prices.
• Flash Close stands out as a game-changer. It swiftly closes positions using the top 30 optimal prices, protecting traders during volatile markets.
• HTX's cross-margin option maximizes efficiency. It allows a single cryptocurrency to serve as margin across multiple positions, streamlining asset management.

These innovative tools cater to all trading styles and skill levels. HTX's platform empowers traders to execute complex strategies with ease and precision.

HTX Finance

HTX Finance revolutionizes cryptocurrency earnings with its innovative features. This platform stands out by offering users multiple ways to profit from their held assets. HTX Finance's diverse array of income-generating tools sets it apart in the crypto world. Both traders and investors come to HTX Finance. They come for its unique ability to turn idle holdings into productive investments. The platform has a full approach to crypto finance. It empowers users to easily maximize their returns.

HTX Finance emerges as a powerhouse in the 2024 crypto landscape. The platform's rebranding from Huobi to HTX marks a decade of innovation. This new identity blends Huobi's legacy, TRON's influence, and the exchange's future vision. “HTX, Just Trade It” becomes the rallying cry for traders worldwide.

The 2024 update brings revolutionary changes to HTX Finance. It champions sustainable decentralization, prioritizing user asset security. The platform introduces a groundbreaking decentralized custody system. Regular Proof of Reserves updates build unprecedented trust. HTX Finance's global expansion strategy forges powerful alliances with TRON, BitTorrent Chain, and TrueUSD.

HTX Finance's 2024 roadmap excites traders with new listings and features. The addition of SOLO (Sologenic) for spot and grid trading opens fresh opportunities. HTX Finance balances professional services with a diverse product range. This approach positions HTX Finance as the go-to platform for both novice and expert traders in 2024 and beyond.

HTX Earn

HTX Earn revolutionizes passive income in the crypto world. This innovative platform offers a wealth of investment and management options. Users flock to HTX Earn for its diverse range of products, each designed to maximize returns on idle assets. The platform's strength lies in its ability to cater to various risk appetites and investment goals. HTX Earn transforms holding crypto from a waiting game into an active wealth-building strategy.

In 2024, HTX Earn offers a product list of 39 assets available for lock-up. These assets can be locked up with either flexible or fixed terms, ranging from 14 to 365 days. The Annual Percentage Yield (APY) rates for these assets vary from 0.4% to 200%.

HTX Crypto Loans

Crypto loans empower HTX users with financial flexibility. After completing KYC verification, traders unlock this powerful tool. HTX's crypto loans allow users to leverage their holdings as collateral. Borrowers can access popular assets like USDC, HUSD, BTC, and ETH. The platform accepts a wide range of cryptocurrencies as collateral, including HT and HPT. Crypto loans on HTX transform idle assets into working capital. This innovative feature enables traders to seize market opportunities without selling their long-term holdings. HTX's crypto loan service stands out for its user-friendly approach and diverse asset options.

My opinion:

As a seasoned crypto trading expert, I strongly advise understanding the dynamics of crypto loans. These financial tools offer great potential but come with specific risks. Liquidation and margin calls pose real threats, especially during market volatility.

Smart traders stay vigilant, particularly when markets dip. Sudden margin calls can catch you off guard. To succeed with crypto loans, master repayment protocols, and re-collateralization strategies. These skills are your shield against unexpected market moves.

Crypto loans can be powerful leverage when used wisely. They unlock new trading opportunities and capital efficiency. But remember, knowledge is your best asset. Dive deep into the mechanics of these loans before diving in. With the right approach, crypto loans can significantly enhance your trading arsenal and boost your market performance.

Huobi Chat

Huobi Chat revolutionizes social networking for crypto enthusiasts. This innovative app is available on iOS and Android. It caters specifically to the digital currency community. Huobi Chat serves as a vibrant hub for cryptocurrency discussions and trend-sharing. Users can seamlessly interact, trade, and stay informed about the latest developments in the crypto world. The platform's unique e-commerce features set it apart from traditional social media apps. Huobi Chat is comprehensive. It's the go-to place for anyone passionate about cryptocurrencies. Are you a seasoned trader or a curious newcomer? Huobi Chat offers a rich, engaging experience tailored to your crypto interests.

Huobi Chat transforms crypto social networking in its 2024 update. The platform introduces the groundbreaking Huobi Chat Token (HCT), rewarding active users generously. This innovative approach aims to boost engagement and grow the user base exponentially. While official numbers claim tens of thousands of users, the app's true reach remains intriguing. Huobi Chat's unique token system sets it apart in the competitive crypto social media landscape.

The 2024 version of Huobi Chat boasts an impressive array of features. Users enjoy seamless instant messaging with multimedia support. The platform's ability to host group chats with up to a million participants is unparalleled. Huobi Chat now serves as a comprehensive hub for crypto enthusiasts, offering project recommendations, learning resources, and a vibrant social space. This all-in-one approach positions Huobi Chat as a central pillar of the crypto community.

Huobi Chat's 2024 update focuses on accessibility and security. The app is available through various channels, including direct installation links. However, this approach raises important security considerations. As the crypto world evolves, Huobi Chat adapts, balancing user-friendly features with robust security measures. The platform's commitment to providing a safe, informative, and engaging environment for crypto enthusiasts remains unwavering in 2024.

Huobi Capital and DeFi Labs

Huobi Capital and Huobi DeFi Labs lead the charge in advancing the cryptocurrency ecosystem. These innovative initiatives by HTX demonstrate a powerful commitment to industry growth. Huobi Capital invests strategically in promising projects, nurturing the next generation of crypto innovations. Meanwhile, Huobi DeFi Labs focuses on pioneering decentralized finance solutions, pushing the boundaries of financial technology. Together, these entities provide crucial support, education, and resources to the crypto community and regulators alike. Their efforts exemplify how major exchanges can actively shape and expand the digital asset landscape, fostering a more robust and dynamic crypto industry for all participants.

HTX revolutionizes blockchain investment with its 2024 update to Huobi Capital. This powerhouse arm now offers unparalleled incubation and venture capital services. Huobi Capital's keen eye for visionary leaders sets it apart in the crypto investment landscape. The platform's strategy empowers innovative projects. It fuels the next wave of blockchain breakthroughs. In 2024, Huobi Capital stands as a beacon for entrepreneurs seeking to reshape the digital frontier.

Huobi DeFi Labs emerges as a game-changer in the 2024 decentralized finance arena. This cutting-edge platform combines research, investment, and incubation to nurture the DeFi ecosystem. HTX's commitment to building a new financial system shines through Huobi DeFi Labs. The lab collaborates with global crypto and DeFi communities. This puts it at the forefront of financial innovation. 2024 sees Huobi DeFi Labs driving unprecedented growth in the sector.

The 2024 update sharpens Huobi DeFi Labs' investment focus. The platform now focuses on high-potential areas. These include lending, decentralized exchanges, and derivatives. This targeted strategy aligns perfectly with the evolving DeFi landscape. HTX's foresight in identifying key growth sectors through Huobi DeFi Labs sets a new standard in strategic DeFi investment. As 2024 unfolds, Huobi DeFi Labs continues to shape the future of finance, one innovative project at a time.

HTX App

The HTX App revolutionizes cryptocurrency trading on the go. This powerful mobile application brings the full HTX trading experience to your fingertips. Available for both iOS and Android devices, the HTX App offers seamless access to a wide range of trading features. While the web platform remains popular, the HTX App excels in providing convenient mobile access to key functions. For desktop users, HTX also offers downloadable platforms for Windows and Mac. However, the HTX App stands out as the most versatile and user-friendly option, allowing traders to manage their portfolios anytime, anywhere.

Upon testing, I found that the PC version is faster and more responsive. It's better than the web platform. However, the disparities between the two were minimal. Nonetheless, having the option of a downloadable trading platform on one's computer is convenient. It is an alternative for traders who prefer it.

Regarding mobile apps, the HTX app ranks among the highest-rated crypto trading applications. It has an impressive rating of 4.8 out of 5 stars. It is based on over 77,000 reviews on Google Play. It also has a perfect 5 out of 5 stars. This is from over 3,000 reviews on the App Store. In addition, the app has gotten over 5 million downloads on both platforms. This shows how popular and satisfying it is.

In addition to functionalities like buying, selling, earning, and trading, users of the app can also avail themselves of:

• Live news feed
• Market and charting data
• Trading bots
• Access to HTX NFTs
• Access to more airdrop and earn events and features

HTX stands out to me as the first crypto exchange that appears to prioritize a mobile-first approach. The mobile app is much more user-friendly and feature-rich. This is compared to the web trading platform, which, in my opinion, seems counterintuitive. In contrast to the comprehensive mobile app, the web platform feels like an unfinished product.

Pro Tip: Safeguard your crypto assets by adopting a crucial security measure. Never search for cryptocurrency apps directly in app stores. Why? Scammers flood the platforms with deceptive download links. They masterfully disguise the links as legitimate apps. This tactic has duped countless traders, leading to devastating losses. Instead, always navigate to the official website of the cryptocurrency company you trust. From there, follow their verified links to download the authentic app or be redirected to the correct app store listing. This simple but powerful habit will greatly strengthen your defenses against cyber threats. It will keep your digital wealth safe in the volatile crypto landscape.

HTX Learn

HTX Learn stands out as a beacon of crypto education. This platform excels in providing clear, accessible content for users. Its instructional videos and articles demystify complex crypto topics. HTX Learn's commitment to education drives mass adoption in the industry. Users can easily enhance their understanding through the platform's resources. The crypto world becomes less daunting thanks to HTX Learn's efforts. By prioritizing education, HTX Learn paves the way for broader cryptocurrency acceptance and knowledge.

Within the Learn section, individuals interested in trading or looking to expand their crypto knowledge can access educational content covering a range of topics, including:

• Introduction to digital asset trading
• Opening trades
• Understanding leverage
• Margin mechanisms
• Spot and contract trading

These resources serve as valuable tools for both beginners and experienced traders alike, offering insights and knowledge essential for navigating the crypto landscape effectively.

HTX Fees

HTX's 2024 fee structure delivers exceptional value to traders. Fees for trading and bank transfers remain notably low. These reduced fees set HTX apart from many competitors. While card purchase fees match industry norms, overall costs stay competitive. HTX's fee strategy creates an inviting environment for cost-conscious users. The platform balances low fees with market standards effectively. Traders often choose HTX for its budget-friendly fee approach. These optimized fees showcase HTX's commitment to user satisfaction. By maintaining attractive fees, HTX continues to draw both new and experienced crypto enthusiasts.

Deposit Fees

HTX deposit fees vary across different options. Crypto deposits incur zero fees, benefiting digital asset holders. Fiat deposits through wire transfers involve some fees. These fees for fiat deposits on HTX match industry norms. Users value HTX's flexible deposit features. The platform balances deposit fees with accessibility. Crypto users prefer HTX's cost-effective deposit services. HTX's deposit fee policies demonstrate user-friendly practices.

Fees play a central role in HTX's deposit system. The exchange eliminates fees for cryptocurrency deposits. Wire transfer fees apply to fiat deposits on HTX. These fees align with standard rates in the industry. HTX's deposit options offer fee flexibility to users. The platform carefully considers fees when structuring deposits. Low-fee deposits attract crypto enthusiasts to HTX. User-friendly fee policies shape HTX's deposit practices.

Currency	Fees
EUR	SEPA bank transfers: 0.15% of the deposited amount plus a fixed fee of 1 EUR. Skrill transfers: 2.9% of the deposited amount plus an additional 0.1%.
GBP	Faster Payments network: A fee of 0.15% of the deposited amount plus a fixed fee of 1 GBP.
USD	Domestic wire transfers, Swift, and Silvergate Exchange Network (SEN) transfers: No fees apply.
RUB	Advcash: No fees apply.
UAH	Card deposits: A fee of 1.5% of the deposited amount. Advcash: No fees apply.
KZT	Advcash: No fees apply.
TRY	Bank transfers and Advcash: No fees apply.
BRL	Bank transfers: No fees apply.
VND	E-wallet balance, QR Code, or Bank Transfer (NganLuong): A fee of 2.3% of the deposited amount.

Withdrawal Fees

HTX withdrawal fees structure offers clear options for users. Fiat withdrawals focus on USD and TRY, with a $1,000 minimum for USD transactions. The platform uses a Stcoins API Key for USD withdrawals, ensuring secure transfers. HTX provides a detailed guide for this process, helping users navigate the system efficiently.

Crypto withdrawals on HTX come with varying fees. Each cryptocurrency has its own withdrawal cost, reflecting network complexities. Users can access a comprehensive fee list on HTX's dedicated page. This transparency allows traders to plan their transactions effectively, avoiding unexpected costs.

HTX's peer-to-peer (P2P) marketplace stands out as a cost-effective solution. Here, users can exchange fiat for crypto and vice versa without fees. This feature appeals to cost-conscious traders, offering a practical way to move funds. The P2P option demonstrates HTX's commitment to user-friendly services, providing asset management flexibility.

HTX Trading Fees

HTX trading fees offer competitive rates in the crypto market. This fee structure rivals major exchanges like OKX, Binance, and KuCoin. HTX trading fees decrease as trading volume increases, rewarding active users. Holding Huobi Tokens can significantly reduce HTX trading fees. For traders with less than 10 HT, HTX trading fees start at 0.2% per trade. The HTX trading fees table clearly outlines maker and taker rates. Understanding HTX trading fees helps users optimize their trading strategies. Savvy traders often consider HTX trading fees when choosing their preferred exchange.

Evaluation: Derivatives trading fees on Cooperatives are highly competitive, reducing concerns about too high fees for traders.

HTX User Interface

HTX's user interface focuses on trading convenience. The user interface streamlines operations for all trader levels. This user interface design reflects HTX's market accessibility commitment. HTX built its user interface to simplify crypto trading. Traders benefit from HTX's user-friendly interface approach. The user interface of HTX adapts to the fast-paced crypto world. HTX's commitment shows in its accessible user interface. The user interface helps traders navigate the complex market on HTX.

The interface balances advanced features with user-friendly elements. HTX incorporates sophisticated tools without overwhelming the user. This design philosophy caters to both novice and experienced traders.

New users may find HTX's layout complex at first. However, with basic trading knowledge, the platform becomes manageable. HTX's mobile app further simplifies the trading process, offering a more intuitive experience.

Experienced traders benefit from HTX's efficiency and functionality. The platform provides advanced features that enable swift, effective trading. These tools allow seasoned users to execute complex strategies with ease.

HTX's design caters to diverse trader needs. The platform accommodates various trading styles and preferences. This user-centric approach enhances the overall trading experience on HTX.

The platform offers multiple trading options. Users can access leveraged tokens and separate interfaces for spot and derivatives trading. These features allow traders to customize their HTX experience.

HTX provides three chart types for market analysis. These diverse charting tools cater to different trader preferences. The variety aids in thorough market examination and decision-making.

Beyond trading, HTX offers straightforward navigation. Sections like P2P, Buy, Finance, and Learn are easily accessible. This layout helps newcomers explore HTX's features beyond the trading terminal.

HTX Deposits and Withdrawals

HTX offers diverse deposit options for cryptocurrencies. Deposits on HTX cater to various digital assets. The platform supports withdrawals for both crypto and select fiat currencies. Crypto withdrawals on HTX process smoothly for multiple coins. Fiat withdrawals focus on USD and TRY, using specific methods. HTX's deposits include various currencies through different channels. For USD withdrawals, HTX uses a Stcoins API key system. TRY withdrawals on HTX operate through AdvCash. The platform's deposits and withdrawals aim to meet user needs efficiently. HTX ensures secure transactions for both deposits and withdrawals.

Various deposit methods are available for different currencies:

• For USD: Purchase crypto via card, bank transfer (ABA), SWIFT, and SEN fiat deposits.
• For EUR: Purchase crypto via card, bank transfer (SEPA) fiat deposits.
• For GBP: Purchase crypto via card, bank transfer (Faster Payments) fiat deposits.
• For BRL: Bank transfer (PIX).
• For RUB: Bank card, bank transfer, AdvCash.
• For UAH: Bank card, AdvCash.
• For KZT: AdvCash.
• For INR: Buy USDT via UPI/Bank Transfer.

Also, many currencies can buy crypto with a debit/credit card. These include BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, MDL, MKD, NOK, PLN, RON, SEK, TRY, UAH, HKD, AUD, NZD, KZT, THB, PHP, and USD. These options give users flexibility. They also make it convenient to manage their funds on the platform.

HTX Customer Support

HTX provides customer support through live chat and an email system, both of which have decent response times. During my review, I found that live chat connected me to an agent in under five minutes each time, while email responses arrived within 10 hours, which is satisfactory.

To engage with an agent, users need to ask a question, which triggers auto-populated articles. If the articles don't address the query, users can mark it as “unsolved” to connect with a live agent.

However, the quality of support leaves much to be desired. Chat agents seemed unenthusiastic and sometimes reluctant to assist, requiring repeated inquiries to get comprehensive answers. Email responses were also lacking, often failing to address the original question.

For instance, when I inquired about HTX's licenses and regulations, the response provided vague information about the company's dedication to global services, without addressing my specific query. This experience was reminiscent of poor customer support encountered at KuCoin.

Although HTX boasts good response times, they struggled to provide clear answers about licensing, fees, and platform features. For robust customer support, alternatives like SwissBorg or Kraken may be preferable, as they offer more satisfactory assistance in the crypto space.

How to Sign Up HTX?

The referral code “wukp8223” unlocks benefits on HTX. Users who sign up with “wukp8223” receive a 50% trading fee discount. HTX offers a $241 bonus chance when you sign up using “wukp8223.” The sign-up process with “wukp8223” is straightforward on HTX. Entering “wukp8223” during sign-up activates special perks. HTX rewards users who sign up with the “wukp8223” code. The “wukp8223” referral enhances the HTX sign-up experience. Users can easily claim bonuses by using “wukp8223” to sign up. HTX's sign-up bonus ties directly to the “wukp8223” referral code.

1. Log in to your HTX account using your registered email and password.
2. Locate and click on the ‘Deposit' button situated in the top right corner of the screen.
3. Choose your preferred deposit method from the available options.
4. Provide the necessary deposit details and input the referral code “wukp8223” in the specified field.
5. Finalize the deposit process, and the bonus will be automatically credited to your account.
6. Ensure compliance with the terms and conditions of the welcome bonus to maintain eligibility for the offer.

By following these uncomplicated steps, you can claim your welcome bonus and commence trading on HTX with enhanced capital. Seize this excellent opportunity today and claim your bonus without delay!

HTX KYC and Account Verification

HTX stands out as one of the limited major exchanges that still allows users to engage in trading without requiring any Know Your Customer (KYC) procedures for basic trading functions. Users can make deposits up to $1,000 without undergoing verification, and withdrawals are capped at 0.006 BTC within 24 hours.

The verification process is tiered, with varying requirements for each level:

• Tier 1 (unverified): Email address
• Tier 2: Personal information, ID verification
• Tier 3: Declaration of trading purpose, representation details, estimated daily and monthly trading volume, source of funds, monthly income, and employment status
• Tier 4: Uploading verification documents like proof of residential address and details on the source of funds.

This approach offers users flexibility in choosing their level of engagement with the platform, aligning with the principle of providing options tailored to individual preferences and needs.

Conclusion

HTX (Huobi) offers a robust trading platform with some areas for improvement. The exchange limits fiat withdrawals, requiring users to convert funds to crypto first. HTX's earnings section needs expansion to compete with leading exchanges. The platform could enhance Primepool and introduce more events. HTX's mobile app excels, but the web interface requires attention. Balancing development across platforms would benefit HTX users. The exchange shows the potential to strengthen its market position by addressing these points. HTX's focus on mobile shouldn't overshadow web platform enhancements. By refining these aspects, HTX can elevate its standing in the competitive crypto exchange market. The platform's strengths provide a solid foundation for future improvements.

Frequently Asked Questions

What is the HTX referral code?

The referral code for HTX is “wukp8223”.

Is HTX Safe?

HTX boasts a stellar security track record over its nine years of operation, with no reported breaches, and Huobi maintains a reserve fund for trader compensation in case of unexpected events, ensuring fund protection. However, operating as an unregulated exchange raises concerns for investors and traders who prefer the safety measures offered by regulated platforms like Crypto.com, Binance, Kraken, or SwissBorg. I share this perspective, acknowledging the added security and oversight provided by regulated exchanges.

Is HTX available in the U.S.?

No, HTX is currently unavailable for users residing in the US. However, they are actively pursuing the necessary licenses to operate in the region. In the meantime, I suggest considering Kraken as an alternative platform for traders based in the US.

Is HTX better than OKX?

In my view, and the view of many in the cryptocurrency community, HTX is not considered superior to OKX, which is more popular and widely used.

Is HTX better than Binance?

In my view, and the view of the broader cryptocurrency community, HTX does not surpass Binance, given that Binance holds the title of the largest exchange globally and boasts the largest user base.