Introduction
HTX.com Exchange, formerly known as Huobi and rebranded to HTX in September 2023, was launched by an Oracle engineer, Leon Li, in 2023. HTX crypto exchange was introduced as a powerful trading platform that aims to meet the requirements of millions of users across the globe. With a global user base exceeding 50 million across over 160 countries and daily trading volumes surpassing $4 billion, HTX exchange has solidified its position as a top-10 global exchange.
Originally from China, HTX crypto exchange is a major player in the Asian markets, and its inevitable development took it to the Republic of Seychelles as a consequence of the regulatory pressure in the original place. Despite regulatory challenges, the HTX trading platform has established offices in key Asian hubs. The management is open to entering the United States market once proper licensing is obtained. In this HTX review, you will get to know whether this crypto exchange is a scam or legit.
HTX Supported Cryptocurrencies
HTX cryptocurrency exchange supports 700 cryptocurrencies and 1,000+ trading pairs. HTX.com exchange hosts a wide range of large players, starting with Bitcoin ($BTC), followed by Ethereum ($ETH), Ripple ($XRP) and a wide range of altcoins. Along with this diversified support for altcoins, altcoins in decentralized finance (DeFi), AI, memecoins, and Layer-2 ecosystems. What’s more, Spot trading covers 600+ assets, while futures include more than 500 pairs. This diversity enables business HTX exchange to be a popular choice for experienced and beginner traders at the global level.
Fee Structure at HTX.com Crypto Exchange
HTX.com trading platform uses a fee structure that balances competitiveness and sustainability. Notably, crypto deposits are free, while order wire transfers suffer nominal fees. Trading fees are reasonable, starting from 0.2% for both makers and takers on spot trades which is further reducible to 0.06% for high-volume VIPs or up to 25% off with HTX holdings.
Futures fees is as low as 0.02% maker and 0.05% taker for coin-margined and 0.02% maker – 0.06% taker for USDT-margined positions. Additionally, HTX features a peer-to-peer marketplace for order-to-crypto conversions, offering fee-free transactions.
Features of HTX Crypto Exchange
HTX Exchange distinguishes itself through a range of features that enhance user experience and trading capabilities. Notable features include margin trading, offering leveraged trading of up to 5x on over 80 tokens, and the addition of trading bots for automated trading strategies. The platform also introduces Primepool, inviting users with opportunities for airdrops.
Its simple interface and availability of multiple functions help users to get used to the application. The concern lies in the fact that the mobile app might become the unique supported platform, potentially limiting user access to the site.
HTX.com Trading View
HTX Exchange offers its clients an ideally together easy-to-use trading interface that is meant to suit both the needs for operation proficiency and navigability. HTX Exchange offers an easy-to-use trading interface that is meant to suit both operation proficiency and navigability. Its simple interface and availability of multiple functions help users get used to the application quickly.
Does HTX Support Both Crypto and Fiat Deposits and Withdrawals?
HTX.com crypto exchange allows both crypto and fiat deposits and withdrawals, though some fiat services require identity verification. Users can deposit crypto to a provided address or purchase it with fiat currency using methods like credit cards, while withdrawals can be made for both crypto to an external wallet and fiat to a bank account.
Cryptocurrency withdrawals have fees that vary depending on the asset. Fiat withdrawals are only available in USDT and a few other options, with specific requirements and procedures provided by the platform. Despite limitations, HTX’s peer-to-peer marketplace offers a fee-free alternative for fiat transactions.
Security and Privacy of HTX Crypto Trading Platform
HTX prioritizes security as employing industry best security practices like SSL encryption, PoR and multi-signature cold wallets to safeguard client funds. HTX instils confidence through proactive measures and continuous monitoring.
User account security features further enhance protection, ensuring a secure trading environment for all users. Mandatory 2FA, anti-phishing codes, and Fireblocks integrations enhances defenses which make is a perfect and secure option for the crypto community.
Mobile Application of HTX.com
HTX’s mobile application stands as a testament to user-centric design and functionality, garnering high ratings and praise from users. Offering comprehensive trading capabilities and access to additional features, the mobile app serves as a cornerstone of HTX’s user experience. However, emphasis on the mobile app over the web platform may warrant consideration for a more balanced approach to platform development and accessibility.
Customer Support Services
As per the users experiences, HTX has privilege in terms of quality and adequacy. HTX provides 24/7 multilingual support over 15 languages via live chat, email, Telegram, and a detailed FAQ section with video guides. VIPs access dedicated managers, and the “HTX Verify” tool combats scams While response times are commendable, shortcomings in addressing inquiries and providing accurate information may impact user satisfaction. For users prioritizing customer support, alternatives such as SwissBorg or Kraken offer experiences.
User Reviews about HTX.com Exchange
While commenting on the working experience with HTX crypto exchange, Jake (@Jakegallen) mentioned the best experience working at HTX as he tweeted,
Along with that, another user named Maffay (@maffay38) calls HTX as his favorite exchange when it comes to decentralized finance (DeFi) space.
Well, if we look on the other side of the coins, there are people who consider its scam in some context based on their user experience as one of the users, named Arrmeanio (@ERG_Armeanio) calls it a scammy exchange.
Pros and Cons
Pros:
- Extensive selection of over 700 cryptocurrencies
- Competitive fee structure with fee-free peer-to-peer marketplace for fiat transactions
- Robust security measures and user account protections
- Intuitive and feature-rich mobile application for enhanced trading experience
Cons:
- Limited fiat withdrawal options beyond USD and TRY
- Customer support services may lack consistency and effectiveness
- Discrepancies in platform development focus between the mobile app and web interface
Concluding Remarks
HTX Exchange maintains its appeal through a combination of extensive cryptocurrency offerings, competitive fee structures, and robust security measures. As HTX continues to evolve and expand its offerings, it remains a viable option for traders seeking a reliable and feature-rich platform for their cryptocurrency endeavours.
FAQs
Is HTX.com is the formarly know Huobi exchange?
Yes, HTX.com Exchange is formerly known as Huobi and rebranded to HTX in September 2023 which was launched by an Oracle engineer, Leon Li, in 2023.
Does HTX support both crypto and fiat deposit and withdrawal?
Crypto deposits are free and instant across major networks (ERC-20, TRC-20) with fiat via P2P i.e., over 150+ methods like bank transfers.
How much HTX charge trading fees on HTX?
Spot trading starts at 0.20% maker/taker which reducible to 0.06% for VIPs or with HTX token holdings, while perpetual futures at 0.02% maker / 0.05–0.06% taker. P2P and most deposits are completely free as only network withdrawal fees apply.
This HTX.com review is solely for the informational and educational purpose and does not constitute and financial advice. As cryptocurrencies are highly volatile and prone to higher risk when it comes to trading, so do your own research (DYOR) before opting any crypto exchange for spot or futures trading based on fee, security and other related services.
ShahZaib Ahmed is a seasoned Crypto Journalist passionate about cryptocurrencies, blockchain technology, and decentralized finance (DeFi). With years of experience in the industry, ShahZaib Ahmed has written extensive news articles, price analysis articles and guide articles on Cryptocurrencies, Blockchain, DeFi, NFTs, Web3, and FinTech. Known for insightful analysis and a keen understanding of market trends, he brings complex concepts to life for beginners and seasoned investors.
- ShahZaib Ahmed
- ShahZaib Ahmed
- ShahZaib Ahmed
- ShahZaib Ahmed
