HTX, formerly known as Huobi, the 10th largest crypto exchange in the world based on CoinMarketCap's data. Its total assets reach over $4B, with +47M registered users.
The maximum spot trading commission (maker) is 0.2%, which can be decreased to 0.0126% by leveling up in the related system.
Company Specifics & Regulation
HTX, established in 2013, has a rich history in the cryptocurrency industry. Originally founded in Beijing, China, by Jun Du and Leon Li, the company has since expanded its operations globally and is currently headquartered in Seychelles. Here's a quick overview of HTX's company in numbers and its regulatory status:
- Total Assets: More than $4B;
- Daily Trading Volume: Over $4 billion;
- Registered Users: +47M;
- Regulatory Landscape: Not regulated.
The company was previously branded Huobi, but it was rebranded to HTX in September 2022.
Key Specifics and Features
Here's a summary of the key features that make HTX what it is:
Exchange | HTX |
Launch Date | 2013 |
Levels | L1 Basic Permissions, L2 Basic Verification, L3 Advanced Verification |
Trading Fees | From 0.2% |
Restricted Countries | Mainland China, Hong Kong, China, United States of America, Singapore, Cuba, Iran, North Korea, Sudan, Syria, Venezuela |
Supported Coins | Over 700 |
Futures Trading | Yes |
Minimum Deposit | 1 USDT |
Deposit Methods | Cryptocurrency Transactions |
Withdrawal Methods | Cryptocurrency Transactions |
Maximum Leverage | 200x |
Minimum Trade Amount | Not Specified |
Security Factors | Multi-factor Authentication, Proof of Reserves, Multi-tier Storage System |
Services | Copy Trading, Staking Options, Shark Fin, Dual Investment |
Customer Support Ways | Live Chat, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | No |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | HTX |
User Levels & Verification Model
Based on our investigations of the website and official sources related to the exchange, there are 3 levels for verification on the platform, which differentiate in terms of withdrawal limit. User Levels on HTX:
User Level | Withdrawal Amount Limit in 24 Hours (BTC) |
L1 Basic Permissions | 5 |
L2 Basic Verification | 200 |
L3 Advanced Verification | 3,000 |
Exchange Commissions and Trading Costs
Knowing about the fees and commissions is crucial for any trader. HTX offers a decent fee structure, particularly for high-volume traders and HTX & TRX token holders. To be precise, the fee varies based on the amount of trading volume. Here's the table for spot fees:
Level | 30-Day Spot Trading Volume (USDT) | or | Previous Day Total Assets (UDST) | Spot Fee (Maker) | Spot Fee (Taker) |
Prime0 | Less Than 10,000 | / | Less Than 2,000 | 0.2% | 0.2% |
Prime1 | More Than or Equal to 10,000 | / | More Than or Equal to 2,000 | 0.16% | 0.17% |
Prime2 | More Than or Equal to 80,000 | / | More Than or Equal to 10,000 | 0.14% | 0.15% |
Prime3 | More Than or Equal to 500,000 | / | More Than or Equal to 30,000 | 0.10% | 0.1% |
Prime4 | More Than or Equal to 3,000,000 | / | More Than or Equal to 50,000 | 0.08% | 0.1% |
Prime5 | More Than or Equal to 9,000,000 | / | More Than or Equal to 80,000 | 0.065% | 0.09% |
Prime6 | More Than or Equal to 15,000,000 | / | More Than or Equal to 100,000 | 0.055% | 0.07% |
Prime7 | More Than or Equal to 30,000,000 | / | More Than or Equal to 300,000 | 0.045% | 0.055% |
Prime8 | More Than or Equal to 120,000,000 | / | More Than or Equal to 500,000 | 0.032% | 0.0388% |
Prime9 | More Than or Equal to 300,000,000 | / | More Than or Equal to 2,000,000 | 0.0224% | 0.0318% |
Prime10 | More Than or Equal to 900,000,000 | / | - | 0.0168% | 0.0268% |
Prime11 | More Than or Equal to 1,800,000,000 | / | - | 0.0126% | 0.0218% |
You can see the fees for futures trading in the table below:
Level | USDT-M (maker) | USDT-M (taker) | Coin-M (Maker) | Coin-M (taker) |
Prime0 | 0.02% | 0.06% | 0.02% | 0.05% |
Prime1 | 0.018% | 0.055% | 0.015% | 0.045% |
Prime2 | 0.016% | 0.05% | 0.012% | 0.045% |
Prime3 | 0.014% | 0.045% | 0.009% | 0.042% |
Prime4 | 0.01% | 0.04% | 0.006% | 0.04% |
Prime5 | 0.005% | 0.03% | 0.003% | 0.036% |
Prime6 | 0.004% | 0.0295% | 0.0% | 0.035% |
Prime7 | 0.003% | 0.0285% | -0.002% | 0.033% |
Prime8 | 0.002% | 0.28% | -0.003% | 0.032% |
Prime9 | 0.0% | 0.0275% | -0.004% | 0.03% |
Prime10 | -0.005% | 0.265% | -0.005% | 0.0285% |
Prime11 | -0.01% | 0.025% | -0.008% | 0.027% |
The trader earns a discount on trading fees with HTX and TRX deduction. The exchange does not charge any commissions on deposits and withdrawals. Also, there are no hidden fees.
Tradable Digital Assets
HTX boasts an impressive array of over 700 virtual coins and tokens available for trading, catering to diverse investor preferences. The asset categories include:
- DeFi;
- GameFi;
- Metaverse;
- Memecoins;
- AI;
- Payments;
- And so on.
Futures And Margin Trading Options
The broker provides attractive futures and margin trading options for users looking to leverage their positions. The platform offers several types of cryptocurrency derivative products:
- USDT-margined Contracts:
- Perpetual and quarterly delivery futures contracts settled in USDT;
- Leverage up to 200x available.
- Coin-margined Contracts:
- Perpetual futures contracts settled in the underlying cryptocurrency (e.g., BTC, ETH);
- Also offers leveraged trading.
- Options:
- Both European and American-style options available;
- Allows users to multiply their crypto asset holdings.
These derivative products provide traders with the opportunity to potentially earn outsized returns from cryptocurrency price movements.
However, it's crucial to note that leveraged trading carries significant risks and is suitable only for experienced traders who understand and can manage these risks effectively.
Sign Up and Verification Tutorial
To start trading on HTX Exchange, users need to complete a registration and verification process. Here's a step-by-step guide to getting started:
- Visit the exchange's official website and click on the "Sign Up" button;
- Provide your email address or phone number. Alternatively, use your Google, Apple, or Telegram account to continue;
- Verify your email or phone number by entering the code sent to you;
- Create a strong password according to the required conditions.
Now, you have created your account on the platform. However, to use all the features and services, you will need to provide the required documents and complete identity verification.
Is HTX Exchange Safe and Secure Enough?
The exchange has taken measurements to keep up the safety and security of user funds and data on its platform. Here's an overview:
- Proof of reserves at a minimum ratio of 1:1 with transparency and regular reports;
- Multi-tier storage system made of hot, warm, and multi-party offline wallets, with +90% of funds stored in cold storage;
- Account security features, such as multi-factor authentication, alerts for unusual activities, and more.
While these security measures are robust, it's important to remember that no exchange is completely immune to risks.
Deposit and Withdrawal Options
Some crypto platforms provide methods for fiat deposits and withdrawals; However, HTX does not follow the rule. To be precise, users can only make deposits and withdrawals in crypto assets, in digital wallet transactions.
There's an option for buying crypto directly with fiat currencies on the platform, though.
Trust Ratings and User Reviews
When evaluating an exchange, it's crucial to consider user feedback and trust scores on relevant websites, such as CoinGecko. HTX has received mixed reviews across different platforms:
- Trustpilot: 1.8/5 (Poor), based on only 20 reviews;
- CoinGecko: 9/10 (Excellent), evaluated based on the website's algorithms.
Because of the low number of reviews on Trustpilot, its score is not reliable enough. However, thorough personal research is always recommended.
Support Contact Information and Schedule
HTX does not provide a dedicated page for its contact information on the website, and the email address is not easy to find. The exchange provides customer support through 2 channels:
- Live Chat: Available on the bottom right corner of the website;
- Email: Contact htxsupport@htx-inc.com.
There is no information regarding the support's working hours on the website, which is a drawback. However, based on our investigation, the department is available 24/7.
Writer's Opinion And Conclusion
HTX provides access to maximum leverage of 200x in futures trading with USDT-margined and Coin-margined contracts.
The company has received a 1.8/5 rating on the Trustpilot website based on approximately 20 reviews. On the other side, CoinGecko has submitted a 9/10 trust score.
