HTX

HTX Review – Introduction

HTX is one of the world’s leading crypto exchanges, established all the way back in 2013 under the name Huobi. This centralized exchange (CEX) offers a comprehensive suite of trading and investment services to users in nearly all countries in the world.

Over the years, HTX grew into an international powerhouse, facilitating billions in daily volume and catering to a diverse user base. This exchange is committed to providing a seamless and secure trading environment for users, whether they are novice traders and seasoned investors.

HTX has no shortage of features. Standard spot and futures trading are available, along with fiat deposits and withdrawals, P2P market, staking, and many more options.

Why Use HTX?

Security, reliability, experience, every feature you need, all wrapped in a nice and intuitive interface. You’ll quickly figure out how to use this exchange without needing to use its guides or help center, which are packed with useful articles anyway.

HTX may be best suited for experienced investors and day traders. But, it does have plenty of beginner-friendly factors that make it suitable for just about anyone.

HTX lets you trade Spot market on over 700 altcoins, providing a solid selection for diversified investing. There’s also Margin and Futures trading for those who use leverage, and Options trading for more advanced traders.

Is HTX good for beginners?

The most important thing for beginner are fiat deposits – buying first Bitcoin, Ethereum or USDT with local currency. For this, HTX accepts Visa and Mastercard bank cards, as well as bank transfers. Of course, you will need to complete KYC process to be able to buy crypto with fiat on HTX, but this is painless and quick as long as you are located in one of the available countries.

HTX also has a vibrant Peer-to-Peer (P2P) market, where you can find active sellers and buyers who will accept over 150 different payment methods. Most popular ones include Alipay, WeChat, ADVCash, Payeer, ZEN, Payoneer, Skrill, Neteller, Revolut, Zelle, Gcash, and others.

When it comes to the user experience, HTX provides a good and easy to learn web interface. We haven’t noticed any issues, and navigating through the website was smooth. The mobile app provided an even better user experience, making it a great way to invest or trade no matter where you are.

On top of the easy fiat deposits and withdrawals, HTX also provides beginner traders with a Quick Buy/Sell feature, making the first crypto purchase as easy as possible. We did notice a lack of Demo Trading or Recurring Buys, but these features may not matter to most investors.

Is HTX good for trading crypto?

For experienced traders, HTX offers plenty of opportunities. Derivatives trading offered by the exchange include Futures, Margin and Options.

Futures trading has plenty of volume and liquidity on most trading pairs, and you will have no issues executing trades even with high volume. Margin trading is also available for leveraged positions, and Options trading lets advanced traders speculate on future prices in an easy to understand manner.

In addition, HTX has trading bots, allowing you to trade automatically with quant strategies. Subaccounts also let you isolate your assets to avoid account liquidations for high-risk traders. Copytrading feature is also available for trades willing to let others handle their investments.

One of the best aspects of trading crypto on HTX are low fees. Spot maker and taker fees are set to 0.2%, with Futures fees at 0.02% and 0.06% per transaction for maker and taker, respectively. You can reduce Spot fees by additional 25% and Futures by 5% simply by using HTX native token to pay for fees. Unbelievably, also using Cexfinder’s referral code during account creation also gives you an additional whooping 20% fee discount on top of everything else, making HTX one of the cheapest exchanges to trade on.

Top Features

• Easy spot trading lets anyone buy and sell Bitcoin and over 700 other digital currencies, providing plenty of options for diversified investing.
• Active P2P marketplace allows safe Bitcoin buy with over a hundred different payment methods.
• Margin, Futures and Options trading offer a diverse set of investment products for experienced day traders.
• Staking and savings has some of the highest yields on certain assets we’ve seen, with up to 20% yearly returns. This lets you passively earn interest just by holding crypto on this exchange.
• Additional earning opportunities are available through Shark Fin, Dual Investment, On-chain Staking, and Liquid Restaking products.
• Crypto loans are also available for users looking to increase their investments with borrowed funds.
• Frequent $HTX airdrops and occasional launchpools (named Primepool on the exchange) also let everyone increase their portfolio with little risk.
• Regular trading contests for newly listed assets can help even small-time traders win extra cash for trading popular or newly released crypto tokens.

Even the most demanding traders will likely be happy with using HTX. It provides plenty of ways to trade crypto, and increase their portfolio sizes through investment products.

Is HTX a Safe Exchange?

Regulatory compliance

While HTX’s roots may trace back to China, the exchange has since established a global footprint, with offices in Seychelles, Hong Kong, South Korea, Japan, and the United States.

As part of HTX’s global strategy, HTX holds regulatory licenses and registrations in Lithuania, Dubai, Australia, British Virgin Islands, and South America. Current list of these licenses and registrations is available on their website here.

Despite its global reach, HTX remains steadfast in its commitment to regulatory compliance and adherence to local laws. The exchange maintains a list of restricted countries, ensuring that users from jurisdictions with stringent regulatory requirements are excluded from accessing certain services.

Because of this, derivatives trading is restricted in Taiwan, Israel, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Spain, United Kingdom, and New Zealand. Users from these countries can still access non-derivatives trading.

HTX is currently not available to customers from United States, China, Hong Kong, or Singapore. Other restricted countries include sanctioned ones such as Cuba, Iran, and several others. HTX has announced plans to re-enter the U.S. market.

Asset security

Security of assets is of utmost importance in crypto, and this CEX uses best practices for storing customer funds, including the use of multi-party cold (offline) wallets. Like many other crypto businesses, HTX also previously suffered from hacks (most recently in November 2013), but no customer funds were lost. Bug Bounty is also in place to ensure any bugs or vulnerabilities get reported, not exploited.

For full transparency, regular Proof of Reserves reports are being published once a month. All customer assets are verifiably held by the exchange and available for withdrawal at any time. HTX’s corporate holdings are not part of the PoR reports.

There is no evidence that HTX is a scam, misusing customer funds, or engaged in any other inappropriate or illegal activities. This is a legitimate crypto broker operating since 2013.

Account security

User account security measures are just as important as anything else. To prevent user account from getting hacked or otherwise compromised, HTX uses a number of different measures. First of all, 2-factor authentication (2FA) is mandatory, and you will always need to confirm your login with a one-time code sent to your email, or through a Google Authenticator or similar APP.

You can additionally set a special trading password. This additional safety layer ensures that even if someone accesses your account, they will still be unable to trade with your coins. Anti-phishing codes also help you verify fake from legitimate emails and other forms of communication with the exchange.

Overview – Is HTX a Good Exchange?

If you’re an experienced investor looking for excellent liquidity on Futures trading we highly recommend HTX. Those who need basic Spot trading services will be even more pleased with this trading platform. For first-time investors we would like to see additional direct fiat deposit providers added. Nevertheless, basic credit and debit card and bank transfers are available.

Features Score: 86 / 100

4.5

Total Rating: Excellent

• HTX is providing crypto trading services since 2013, and is considered reliable and safe for trading.
• Basic local currency deposit options through bank transfer and cards are available. More demanding users can use the P2P market, or transfer crypto directly from other fiat gateways.
• Solid selection of altcoins for trading gives plenty of choices for diversifying investments.
• Derivatives trading includes Margin, Futures and Options, all with very low fees.
• Very good staking yields and other ways to invest and earn.

HTX as a business is constantly growing. The range of their services is likely going to increase in the future. The platform is best for experienced traders who want reliable derivatives trading. You can crank up the leverage up to 200X on Futures; as long as you know what you’re doing, this will be more than sufficient for maximum capital efficiency.

Overall, HTX is safe, easy to use, and has long experience in providing reliable crypto trading services. It’s one of our favorite exchanges to trade on, and you’re welcome to visit and find out why.