When it comes to cryptocurrency exchanges, there’s no shortage of options for traders to explore. But with so many available, it can be tricky to figure out which one is right for you. In this review, you’ll take a complete tour of the features and offerings of an exchange with a solid reputation that’s been around since 2013 — HTX, formerly known as Huobi.

By the time you finish this guide, you’ll have a clear understanding of what HTX brings to the table, the benefits you can expect, and whether it’s a safe option for your crypto trading. With this knowledge, you’ll be ready to make the right choice. After all, an informed decision is key!

 

 

HTX Overview

HTX Global started back in 2013 in Beijing with the goal of creating a cryptocurrency trading platform for users in China and beyond. It quickly became one of the top three crypto exchanges in the country, offering plenty of liquidity for Bitcoin traders with a daily trading volume of over $1.2 billion. However, due to regulatory changes in China, HTX had to move its operations abroad in 2017. It’s now incorporated in Seychelles with its headquarters in Singapore, focusing on expanding into other Asian markets and worldwide, although it remains restricted in countries like China and the U.S.

 

HTX gives you access to over 700 cryptocurrencies, along with competitive trading fees and a variety of tools suited for both beginners and seasoned traders. Whether you’re into staking, copy trading, or need API integration for more advanced strategies, HTX has you covered.

You can choose between two platforms: the desktop browser version, which is perfect for more active traders who need advanced tools like social trading and automated bot creation, or the mobile app, which offers a simpler, more user-friendly interface for quick trades on the move. With its low trading fees, HTX is also a strong option for day traders looking to maximize their gains.

 

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HTX Sign-up and KYC

To fully access HTX’s services, you must complete their KYC (Know Your Customer) process. This involves providing personal details and, depending on your desired KYC level, submitting identification documents such as an ID, passport, driver’s license, and proof of residence.

 

 

HTX Pros and Cons

👍 Huobi Pros	👎 Huobi Cons
✅ 715+ supported cryptocurrencies	❌ KYC required
✅ High leverage up to 200x	❌ Regulatory issues
✅ Diverse trading bots (grid, DCA)	❌ Restricted in multiple countries
✅ Extensive fiat support	❌ Potential security concerns
✅ JPY payments	❌ No demo account

 

Huobi Trading

HTX provides an intuitive trading interface that professional traders will value. You’ll have access to a detailed order book, trade history, live charts powered by TradingView, and advanced order types like Trigger Orders and automated take-profit/stop-loss features. While it might feel a bit overwhelming for beginners, it’s a powerful platform designed for those who want to trade efficiently in both the spot and futures markets.

 

 

Spot Trading

HTX offers an impressive selection of 700+ coins and 780 trading pairs on its spot market. Whether you’re just getting started or you’re a pro, you’ll find a vast array of cryptocurrencies to trade. The platform provides you with access to detailed market data and supports various order types, including market orders, limit orders, stop-limit orders, and trigger orders.

For fees, HTX charges a standard rate of 0.2% for both makers and takers, but by holding Huobi Tokens (HT), you can activate a 25% discount, lowering your spot trading fees to 0.18%. Additionally, if you’re a high-volume trader, your fees can be further reduced based on your 30-day trading volume.

 

Margins Trading

If you’re looking to maximize your gains, HTX offers margin trading on the spot market, allowing you to leverage your positions up to 5x on major cryptocurrencies. This means you can borrow funds from the exchange to potentially increase profits. Of course, you will need to pay interest on the borrowed amount, so it’s essential to weigh the risks.

 

Futures Trading

HTX is also a standout player when it comes to futures trading. If you’re interested in advanced trading options, the platform offers leverage up to 200x on a variety of trading pairs through derivatives like perpetual swaps and futures contracts. This high leverage allows you to amplify your positions, but it also comes with significant risk, so it’s crucial to trade wisely.

 

HTX Global offers competitive fees, with a maker fee of 0.02% and a taker fee of 0.06%. Additionally, holding HT tokens gives you a 5% fee discount. You can choose from 100 different futures contracts, with most settled in USDT. The platform ensures smooth and stable performance, with no lags or bugs based on extensive testing.

Like spot trading, the futures interface is fully customizable via drag-and-drop functionality. You can add indicators directly to your chart and switch between isolated or cross margin modes, depending on your trading strategy.

 

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HTX Products and Services

When using HTX, you have access to a diverse and comprehensive set of trading features designed for all levels of cryptocurrency traders, from beginners to seasoned professionals. Here’s what you can expect when trading on this platform:

 

Copy Trading

For those of you new to trading, HTX offers a helpful feature: copy trading. This allows you to follow the strategies of expert traders with just a few clicks. In the copy trading dashboard, you can sort traders by their profit and loss (PNL) to find the most successful ones to follow. It’s a great way to learn from experienced traders, but keep in mind that there’s always risk involved—you’re handing over control of your funds to another trader, and if they lose, you lose too.

 

 

Trading Bots

HTX offers crypto bots that let you set up a strategy and earn through trading without staying glued to your screen for hours. You can choose from AI-built strategies that have been backtested for better results, or you can create your own custom strategy. However, there’s no backtesting feature on HTX, which is a major downside since untested strategies can be risky. That said, you’ll find the crypto bots easy to set up and effective, executing your strategies with accuracy.

 

Options

Signing up with HTX for your crypto journey also gives you access to options trading, with both European and American options to choose from. With an easy-to-use and clean interface, you can simply set up your call and put spreads, adjust other parameters like strike price and expiration date, and get a quote in real-time. From there, you can review potential profits and risks before executing your trade. HTX makes the process straightforward, ensuring you can manage your options trading with confidence.

 

Lending and Staking

HTX doesn’t stop with trading; it also offers opportunities to earn passive income. You can borrow cryptocurrencies through their lending services, using assets like USDT, USDC, or ETH as collateral. The interest rates for these loans vary based on the asset and market conditions, offering flexibility if you need liquidity without selling your holdings.

For staking, HTX provides both fixed-term and flexible staking options, enabling you to earn rewards on your holdings. Additionally, you can participate in HTX Primepool for short-term staking opportunities with the potential for even higher returns.

 

Crypto Loans

Crypto loans are a prime example of the earning potential in the crypto space. HTX offers you the opportunity to take out loans, so if you believe your trading can yield higher returns than the interest rates on your loans, you can easily borrow funds. With a daily interest rate of just 0.02% on the borrowed amount, you also have the flexibility to choose a loan period of 30 to 90 days. This option allows you to leverage your assets effectively and enhance your trading strategy.

 

 

Huobi Token

Huobi Token (HT) is the native cryptocurrency designed by the HTX exchange to fuel its ecosystem. The primary purpose of the HT token is to offer utility for users in terms of fees, rewards, and access to airdrops. If you’ve decided to sign up with HTX, make sure to visit the HTX Zone regularly, as this is where all the tasks and airdrops related to HT tokens are posted.

 

Mobile App

If you’re frequently on the move and need a reliable crypto trading platform, HTX’s mobile app is an excellent choice. The Huobi mobile app, available for both iOS and Android devices, has been downloaded over 10 million times and holds a solid 4 out of 5 rating. In our tests, the app proved stable even during periods of high market volatility, making it a dependable option for your trading needs. Its user-friendly interface ensures a seamless trading experience, whether you’re buying or selling crypto on the go.

 

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HTX Deposits and Withdrawals

Deposit Fees

HTX does not charge fees for cryptocurrency deposits. However, FIAT deposits via bank transfer generally incur a small fee, approximately $1, though this can vary depending on your local currency and payment method.

 

Withdrawal Fees

Crypto withdrawal fees differ depending on the asset and network conditions. For example, withdrawing USDT via the TRC20 network is typically one of the cheapest options, with fees ranging between $0.5 to $1. Other cryptocurrencies may have higher fees, and network congestion can affect withdrawal costs. Always check the current withdrawal fee for your chosen asset on the withdrawal page, as they can fluctuate.

 

Crypto Direct Purchases

If you’re new to crypto or looking to expand your holdings, HTX’s Quick Buy/Sell Crypto section is your gateway to buying with your local FIAT currency. HTX supports over 60 FIAT currencies, including EUR, USD, GBP, AED, BRL, and AUD. Remember, you’ll need to complete KYC verification to get started.

You can use your credit card directly on HTX or choose from trusted third-party providers like Mercuryo, Banxa, and Simplex. The fees for these purchases can vary depending on the FIAT currency and payment provider you select.

To save on fees, consider making a FIAT deposit via bank transfer. With fees as low as 1€, £, or $, you can deposit funds into your HTX account and then buy crypto through the Quick Buy/Sell option. This method is often the most cost-effective way to acquire crypto on HTX.

 

HTX P2P

HTX offers several payment options, but due to regulatory complexities, direct crypto purchases aren’t available in many countries. To solve this, you can use HTX P2P, where you can easily buy or sell crypto using your country’s popular payment methods.

For added security, HTX uses an escrow system to ensure funds are protected, and there’s customer support available to help resolve any disputes that might come up during the transaction. This way, you can trade with peace of mind while using a payment method that’s convenient for you.

 

HTX Security

Security is paramount in the crypto world, and HTX takes it seriously. The exchange holds client funds in multi-signature cold wallets and maintains a 20,000 BTC Security Reserve Fund. This fund was established to manage extreme security incidents and ensure high-level protection for user assets. To date, HTX has never been hacked, reflecting its strong security measures.

Additionally, you can enhance your account security with features like 2-Factor Authentication (2FA), SMS authentication, a trading password, and an anti-phishing code. These layers of security are crucial for protecting your account from unauthorized access.

 

HTX Customer Service

HTX understands the importance of reliable customer support in the crypto world. You can easily access their 24/7 live chat from the bottom right corner of the platform, where you’ll get quick and knowledgeable responses. In addition, the HTX Help Center features a detailed FAQ section to help with common questions and issues.

HTX also offers valuable learning resources through HTX Learn, where you can deepen your knowledge of the crypto markets. Plus, there’s HTX Square, a community platform where traders and hodlers share their market insights and opinions, helping you stay informed and engaged with the latest trends.

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Bottomline

Huobi (HTX) stands out as a secure and reliable platform for both beginner and seasoned crypto traders. With over 30 million users and a daily trading volume exceeding $2 billion, its vast liquidity and robust features make it a top choice, especially for day traders. Whether you’re exploring its extensive spot and futures markets or looking to take advantage of its low fees and high leverage, HTX provides all the tools you need to succeed.

In addition, with passive income opportunities like copy trading, staking, and HTX Earn, you can easily diversify your strategy and accelerate your gains. Despite its scale, once you get familiar with the platform, you’ll find HTX to be a comprehensive, user-friendly exchange that meets all your trading needs. Whether you’re based in one of the 150 countries it serves or looking to expand your portfolio, HTX is a platform worth considering for your crypto journey.

 

FAQ

Is Huobi safe?

Yes, Huobi is a safe and legit crypto exchange with tons of products and features. The platform has never been hacked and also has a security fund to keep customers safe.

 

Can I use Huobi in the United States?

No, US citizens are not allowed to use Huobi. If you are from the US, we recommend you check out MEXC and BYDFI.

 

What are Huobi Fees?

The spot fees start at 0.2% for makers and takers, but can be reduced by 25% when holding the Huobi Token. On the derivatives market, Huobi charges 0.02% maker and 0.05% taker fees.

 

Does Huobi require KYC?

Yes, Huobi requires KYC verification. Without that, you will not be able to use their service and you also can’t deposit or withdraw.