HTX Crypto Exchange: Everything You Need to Know

The cryptocurrency world is evolving rapidly, bringing both opportunities and significant risks. HTX, formerly known as Huobi, is a platform with a long history that attracts both newcomers and professionals. However, an important question arises: is it truly worth your time and investment? And what surprises might be in store?

HTX has built a reputation as a reliable exchange, but it also has its challenges. For instance, the registration process might feel overly complex if you're used to simpler platforms. Fees? They are competitive, but are they truly justified? And what about user reviews on customer support, which range from highly positive to openly critical? Such nuances often go unnoticed, and we aim to shed light on them honestly.

This article is for those who aren't afraid to dive deeper. We'll explore both the advantages and the genuine drawbacks of HTX so you can make an informed decision. Is this platform worth your attention, or should you consider alternatives? Let's figure it out without unnecessary idealization but also without unwarranted negativity.

HTX Official Website

What is HTX, and Who is This Exchange For?

HTX, formerly known as Huobi, is a cryptocurrency exchange that has been operating since 2013, offering users a platform to trade digital assets. Over the years, it has gained both admirers and critics. Its reputation is complex and polarizing: many praise its extensive tools, while others openly highlight its flaws. So, is it worth your attention? Let’s delve deeper to find out.

HTX Services and Features

HTX provides a wide range of services, from spot and margin trading to futures and staking. For example, participating in Primepool allows users to invest in emerging, promising projects. The convenient mobile app simplifies trading, especially for those on the go. However, let’s be honest: basic features like trading Bitcoin (BTC) or Ethereum (ETH) are expected from any exchange. The real question is: what makes HTX stand out? To answer this, you need to dig deeper to see if it meets your expectations.

Who Is HTX Suitable For?

HTX may be useful for various types of users, but it’s crucial to evaluate its functionality critically:

• Beginners: The platform offers educational resources, but they might feel superficial for those looking to dive deeply into the topic quickly.
• Experienced Traders: Analytical tools and a wide range of trading pairs create interesting opportunities, though the interface might feel cluttered.
• Investors: Long-term strategies like staking offer potential passive income, but risks still remain.

If you’re a novice, remember: a simple interface won’t save you from mistakes, especially in volatile markets. Start small to avoid losing more than you can afford.

Criticism and Drawbacks

It’s impossible to ignore the existing issues. Delays in fund withdrawals can be more than just frustrating—they can pose a serious risk, especially for users who rely on quick transactions. Customer support is another sore point, with some users reporting weeks-long waits for their issues to be resolved. This isn’t just a drawback; it’s a significant red flag that raises the question: does this platform deserve your trust?

Such issues cannot be overlooked. If an exchange cannot ensure basic reliability, it should be reflected in your expectations. Nobody wants to discover problems only after they’ve affected their finances.

HTX is a platform with a history, offering broad opportunities for trading and investing. But history doesn’t guarantee stability, and tools don’t eliminate risks. If you’re willing to accept its shortcomings for advanced functionality, the exchange might suit you. However, remember that compromises are not always the best choice. Always analyze what you’re willing to risk for the results you seek, and remain critical of any promises.

HTX Pros and Cons

HTX is a cryptocurrency exchange that has garnered attention for its features and tools. But is it the right fit for you? Let’s explore its advantages and disadvantages to help you make an informed decision.

Advantages of Using HTX

• Extensive Cryptocurrency Selection: The platform offers over 700 cryptocurrencies, including popular assets and niche tokens. This is ideal for those seeking rare investment opportunities, but caution is advised when dealing with lesser-known assets.
• Low Fees: The base fee is 0.2%, and it can be reduced through loyalty programs or high trading volumes. However, be sure to read the terms carefully to avoid unexpected costs.
• Enhanced Security: HTX uses cold wallets, two-factor authentication (2FA), and other protective measures. That said, let’s be realistic: in the crypto world, no security is absolute.
• Variety of Tools: The platform offers spot and margin trading, futures, P2P, and OTC markets. These features cater to both beginners and professionals, provided you’re ready to invest time in learning the interface.
• Passive Income Options: Features like staking, crypto loans, and Primepool allow users to earn income with minimal effort, but always assess the risks associated with such strategies.

Drawbacks of Using HTX

• Strict Restrictions for Unverified Users: Without completing KYC, users face withdrawal limits (up to 5 BTC per day) and reduced functionality. This can be an unpleasant surprise, especially for those accustomed to anonymity in crypto trading.
• Regulatory Limitations: Users from the US, Canada, and Japan cannot access the platform due to legal restrictions. This is a significant downside, particularly for frequent travelers or those planning to use the exchange from abroad.
• Reputation Issues: HTX’s average Trustpilot rating is 2.1 out of 5. Users often complain about withdrawal delays and poor customer support. Such reviews are not just concerning—they compel you to question whether you’re willing to risk your funds.

HTX offers extensive functionality and attractive conditions for certain categories of users. However, its reputation and existing limitations make it impossible to overlook its drawbacks. If you decide to use this exchange, proceed cautiously: start with small amounts and monitor each transaction closely. As the saying goes, “better safe than sorry.”

HTX Fees: How They Work and How to Minimize Them

HTX is a platform with a robust set of tools and a long-standing history. However, even the most attractive exchanges require users to understand the fee structure thoroughly. Without this knowledge, you may encounter unpleasant surprises that could impact your overall profitability.

HTX Fee Structure

Fees on HTX vary depending on the type of trade and your platform status:

• Spot Trading: The standard rate is 0.2% for both makers and takers. Discounts are available through the loyalty program, but navigating its terms can be challenging, especially for beginners.
• Futures Trading: Maker fees are 0.02%, while taker fees are 0.05%. While these rates seem attractive, frequent changes in tariff structures raise concerns about the stability of this approach.
• Withdrawals: Fees depend on the cryptocurrency. For instance, withdrawing BTC costs 0.001 BTC, and ETH costs 0.01 ETH. These rates can fluctuate, so it’s essential to check the latest figures regularly.

Ways to Reduce Fees

HTX offers several ways to minimize costs, but their effectiveness depends on your trading volume and willingness to adhere to specific conditions:

• Paying with HT Tokens: Using HT tokens for fee payments grants a 25% discount on spot trading. However, the token's volatility can offset this benefit, especially in the long term.
• Prime Program: Prime program participants can lower their fees. Significant discounts require either holding a large HT balance or maintaining high trading volumes, which may be unattainable for most users.
• Referral Program: Bonuses earned from referring new users can be used to offset fees. However, not everyone is willing or able to promote the exchange among their acquaintances.

User Feedback on Fees

Traders often express mixed opinions about HTX fees. Base rates, particularly for spot trading, are criticized as high, while the conditions for obtaining discounts are viewed as overly complex. One user on Trustpilot remarked, "It feels like the platform ensures that discounts are only accessible to the select few." Such reviews create an impression that the platform is more tailored to high-volume traders than the everyday needs of average users.

Particular criticism is directed at the opaque changes in program conditions. Many dislike that rules can change without clear notifications, leaving users in the dark.

HTX Official Website

Registration and Verification on HTX

HTX is a cryptocurrency exchange where registration and verification are essential steps for full functionality. But how straightforward is this process? Let’s break down each step so you can be fully prepared.

Step-by-Step Guide to Registering on HTX

1. Visit https://www.htx.com. Double-check the website address to avoid phishing attacks, which are becoming increasingly sophisticated.
2. Click "Register" and choose your preferred method—email or phone number. Both options are quick, but ensure you use a strong password.
3. Enter your email or phone number and create a unique, secure password. If you have a referral code, use it to claim any applicable bonuses.
4. Input the code sent to your chosen contact and complete the registration. If the code doesn’t arrive, check your spam folder or try again.

The KYC Verification Process on HTX

Completing KYC (Know Your Customer) verification is not mandatory but is a beneficial step if you plan to use HTX actively. Verification removes restrictions and adds an extra layer of security.

1. Log into your account, go to "Profile," and select "Verification."
2. Fill in the fields with your name and nationality. Ensure the information matches your identification documents.
3. Take clear photos of your passport or another valid ID. Poor lighting or blurry images are common reasons for rejections. Avoid wasting time on repeated attempts by preparing quality photos.
4. Processing may take anywhere from minutes to hours. Delays can occur due to high volumes of requests. If you face long wait times, contact support.

Benefits of a Verified Account

• Higher Withdrawal Limits: The limit increases to 200 BTC per day, providing more freedom for large transactions.
• Access to Advanced Features: Verification unlocks access to P2P trading, investments, and other features unavailable without identity confirmation.
• Enhanced Security: Identity verification makes it harder for malicious actors to access your account.

User Feedback and Potential Issues

Many users praise the ease of registration, but the verification process sometimes causes frustration. Common issues include rejections due to low-quality photos or mismatched data. One user noted, "I was rejected three times before realizing that there shouldn’t be any glare in the images." These cases highlight the importance of careful preparation. Additionally, some users report delays in verification during peak periods, which can extend to several days. Unfortunately, customer support is not always prompt in resolving such issues.

Security on HTX: How the Platform Protects Your Funds

HTX claims that user security is its top priority. However, there’s often a gap between bold claims and real-world practices. Does the platform truly live up to its promises and safeguard your assets? Let’s examine the security measures and user experiences.

Security Measures on HTX

• Cold Asset Storage: Over 98% of funds are stored in cold wallets, shielding them from cyberattacks. However, users have reported delays in withdrawals, especially during market stress. The question of speed remains a concern.
• Two-Factor Authentication (2FA): 2FA reduces the risk of unauthorized access, but account recovery in case of lost credentials is a slow and complicated process, adding stress during such incidents.
• Multi-Layer Security System: HTX uses multi-signature transactions and claims to conduct regular audits. However, the lack of publicly available independent reports raises doubts about meeting high standards.
• Threat Prevention Reports: The platform shares updates on threat prevention, such as a 2024 report claiming to have thwarted over ten potential attacks. However, the details are often vague, leaving questions about transparency.
• Proof of Reserves: HTX claims a 1:1 reserve ratio to ensure user asset backing. However, users frequently question the timeliness and accuracy of such reports.

Recommendations for Securing Your Account

• Enable 2FA: This is a must. Opt for app-based 2FA instead of SMS, as it offers better security.
• Create Strong Passwords: Use long and unique passwords, and avoid reusing them across platforms. Change them every 6–12 months.
• Beware of Phishing: Never click on links from unverified sources. Always type the website address manually into your browser.

Deposits and Withdrawals on HTX: Fiat and Cryptocurrency

HTX offers a variety of financial operations, from cryptocurrency transfers to fiat transactions. But how convenient are these methods, and what risks might you face? Let’s explore the main deposit and withdrawal options and their associated fees.

Depositing Funds on HTX

You can fund your account using the following methods:

• Cryptocurrency Deposits: To deposit through an external wallet, generate a unique deposit address in the “Balances” section. Be cautious: choosing the wrong network can result in lost funds. This is a common complaint among users who couldn’t recover their assets due to mistakes.
• P2P Platform: HTX supports over 90 payment methods, including bank transfers and e-wallets. For users in regions with restrictions on direct crypto operations, this is one of the few convenient options. However, fraud risks mean you must carefully vet your counterparties.

Withdrawing Funds from HTX

Withdrawals can be made in the following ways:

• Cryptocurrency Withdrawals: Funds can be transferred to an external wallet or another exchange. Fees depend on the cryptocurrency and network. For example, withdrawing BTC costs 0.001 BTC, while ETH costs 0.01 ETH. Incorrectly entered addresses or networks can result in complete fund loss, and support is unlikely to help in such cases.
• P2P Platform: Sell cryptocurrency and receive fiat directly to your bank account or e-wallet. While convenient, this method comes with risks. Some reviews warn about frozen funds during disputes with counterparties. Proceed with caution.

Fees and Limitations

• Deposits: HTX does not charge fees for cryptocurrency deposits, but blockchain networks impose transaction fees. On the P2P platform, fees depend on the terms set between users.
• Withdrawals: Withdrawal fees vary based on the network and cryptocurrency. These fees can spike during blockchain congestion, often catching traders off guard.
• Withdrawal Limits: Unverified accounts are limited to 0.06 BTC per day. After basic verification, the limit increases to 5 BTC, and full verification allows up to 200 BTC per day.

HTX Official Website

Spot and Margin Trading on HTX

HTX provides traders with spot and margin trading options—each with its own mechanics and risks. To use these tools effectively, it’s important to understand their opportunities and limitations.

Spot Trading on HTX

Spot trading enables the purchase or sale of cryptocurrencies at the current market price with immediate asset transfer. HTX offers over 500 trading pairs, including both popular and niche assets. This variety allows for diverse strategies, but beginners should proceed cautiously to avoid costly mistakes.

Main features of spot trading:

• Price Charts: Track real-time price changes. However, users have noted that the interface can feel overwhelming for beginners.
• Order Book: Displays market liquidity and depth. Low liquidity on certain pairs can pose challenges for traders.
• Trade History: Provides details of completed transactions, offering valuable insights into current market activity.

Margin Trading on HTX

Margin trading allows users to borrow funds to increase their positions. While this tool has high earning potential, it comes with equally significant risks. On HTX, leverage is capped at 3x, which has received mixed reactions from traders.

Key aspects of margin trading:

• Leverage: The borrowing limit is capped at 3x. While some experienced traders find this limiting, it may be safer for beginners.
• Interest Rates: Borrowing incurs interest, which varies depending on market conditions and the cryptocurrency used. Frequent trading can make this a notable expense.
• Liquidation: If the market moves against your position, the platform liquidates it to prevent losses from exceeding the collateral. This is often a painful lesson for inexperienced users.

Many users appreciate the liquidity and wide range of trading pairs available for spot trading. However, margin trading raises more concerns. The 3x leverage limit makes the platform less appealing to professionals employing aggressive strategies, while being a safer entry point for beginners.

Another common issue is the fee structure. The 0.2% rate for makers and takers is higher than many competitors, especially without automatic discounts for high-volume traders. This has led to dissatisfaction among active traders seeking more flexible pricing options.

Tips for Traders

• Do not engage in margin trading without fully understanding its mechanics. High risks demand a clear strategy and careful evaluation.
• Explore loyalty programs to optimize your trading costs.
• Beginners should start with small volumes to minimize losses caused by mistakes or lack of experience.

Staking on HTX: Earning Income by Holding Coins

Staking cryptocurrency has become a popular way to earn passive income, but it isn’t without risks. HTX offers several staking options that attract users with their returns. But is staking the right choice for you? Let’s dive into the details.

What Is Staking?

Staking involves locking up cryptocurrency to support the operations of a blockchain network that uses Proof of Stake (PoS). In return, users receive rewards in the form of new tokens. While this sounds appealing, token prices can drop, turning potential profits into losses. This is especially important to consider in the volatile crypto market.

Staking Options on HTX

HTX offers three primary staking products:

• Flexible Staking: Funds can be added or withdrawn at any time. This option is convenient for users who want to retain flexibility, but it offers lower yields compared to other options.
• Fixed Staking: Funds are locked for a period ranging from 7 to 30 days or longer. Yields can reach up to 20% annually, but the trade-off is restricted access to your assets during the lock-up period.
• Liquid Staking: This product allows users to trade tokens representing their staked assets while still earning rewards. However, this option might be too complex for beginners.

How to Start Staking on HTX

The process is straightforward:

1. Fund Your Account: Deposit cryptocurrency supported for staking. Ensure you select the correct network to avoid losing funds.
2. Choose a Product: In the staking section, select flexible, fixed, or liquid staking and specify the amount to lock up.
3. Confirm the Operation: Review the terms and finalize the process. Rewards will start accruing from this point.

Pros and Risks of Staking on HTX

Advantages:

• Passive Income: Earn rewards without active trading.
• Wide Range of Products: Choose an option that best fits your goals and risk tolerance.
• User-Friendly Interface: The process is straightforward, even for beginners.

Risks:

• Volatility: Token prices can drop, turning your staking rewards into losses.
• Locked Funds: Fixed staking restricts access to your assets for the duration of the lock-up period.
• Technical Issues: Platform or blockchain network problems may result in delays or loss of rewards.

Users appreciate the intuitive interface and flexibility of HTX’s staking options. However, some have raised concerns about the lack of transparency in reward calculations. For example, one user noted, “The rates look attractive, but understanding how the income is calculated is quite confusing.” Volatility is another frequent issue, as it can turn expected returns into actual losses.

Copy Trading on HTX: Leveraging Others' Expertise

Copy trading on HTX allows users to replicate the trades of professional traders automatically. This feature is particularly appealing to beginners who are not yet ready to dive into the complexities of the market. But how effective is it, and what should you watch out for? Let’s take an honest look at this feature.

What Is Copy Trading?

Copy trading enables users to mirror the trades of successful traders automatically. While this may seem like an effortless way to earn, it’s important to remember that past success does not guarantee future profits. Even experienced professionals can make costly mistakes, especially in volatile markets, and those who blindly follow their strategies risk significant losses.

How to Start Copy Trading on HTX

Follow these steps to begin:

1. Review trader rankings, including their profitability, risk levels, and strategies. High returns often come with higher risks, so don’t overlook this.
2. Decide how much to invest and set loss limits or additional parameters if available.
3. Activate the copy trading feature and monitor results through the platform interface.

Benefits of Copy Trading on HTX

Copy trading on HTX offers several advantages:

• Leverage the expertise of experienced traders without diving into technical analysis.
• HTX provides comprehensive statistics on traders, including their trade history, helping you make informed decisions.
• Trades are executed automatically, minimizing the chances of human error.

Drawbacks and Risks of Copy Trading

However, there are notable downsides:

• Your success is entirely dependent on another person’s strategy. If the trader makes a mistake, you share their losses.
• Even top traders experience setbacks. A single wrong decision can result in significant losses.
• Copy trading may involve fees that reduce your net profits.

Tips for Successful Copy Trading

• Research Traders: Focus not just on profitability but also on risk levels and strategies. A trader with moderate, consistent results may be more reliable than one with volatile performance.
• Diversify: Allocate your funds across multiple traders to minimize the risks associated with one individual’s errors.
• Monitor Results: Regularly review performance and adjust your choice of traders if outcomes don’t meet your expectations.

HTX Official Website

HTX Affiliate and Referral Programs

HTX offers users an opportunity to earn through its referral and affiliate programs. These are great tools for those willing to attract new clients, but they come with their own challenges. Let’s take a closer look at how these programs work and the potential hurdles.

HTX Referral Program

The referral program allows users to share a unique link with others and earn rewards based on their activity. Key details include:

• Reward Percentage: Up to 30% of the trading fees generated by referred users. However, the percentage depends on their activity levels.
• Reward Duration: Rewards are only credited for the first 24 months after the referral registers. This limitation significantly reduces the program’s appeal for long-term earnings.
• Payment Methods: Rewards are paid in USDT, HT tokens, or special points. While this provides flexibility, token volatility may impact the real value of your rewards.

Participating is simple: generate a link in the “Invitation Program” section on the HTX website and share it via social media or messaging platforms. However, creating a link is no guarantee of success—it depends on your ability to attract an engaged audience.

HTX Affiliate Program

The affiliate program is designed for bloggers, influencers, and community leaders. It offers higher rewards but comes with strict requirements:

• Commission Percentage: Up to 60% of trading fees from referred users. This level is reserved for active affiliates who meet stringent criteria.
• Additional Opportunities: Affiliates may participate in joint promotions with HTX and receive bonuses, which can increase earnings. However, these promotions are infrequent, and details are often limited.
• Requirements: Affiliates must have at least 5,000 followers on social media or manage a community with an active audience of at least 500 members. This can be a significant barrier for smaller creators.

User Feedback and Criticism of HTX Programs

Users highlight several strengths of these programs:

• Transparency: The terms for participation and reward distribution are clearly outlined, making them easier to navigate.
• Passive Income: The potential to earn from the activity of referred users makes these programs appealing for those skilled in audience engagement.

However, there are also criticisms:

• Limited Reward Duration: The 24-month cap on referral rewards is a significant drawback, limiting the program’s viability for long-term strategies.
• High Entry Barriers for Affiliates: The requirements for the affiliate program deter smaller content creators, even if they have the potential to effectively promote the platform.

HTX vs Competitors: Strengths and Weaknesses

The HTX cryptocurrency exchange competes with industry giants like Binance, Coinbase, and Kraken. Despite its strengths, its weaknesses become particularly evident when compared to these larger, more established platforms. Let’s explore what makes HTX stand out and where it falls short.

HTX provides access to a wide variety of cryptocurrencies, competitive fees, and diverse trading tools. These features make the platform appealing to active traders, particularly those who value access to rare assets. However, it’s far from being a one-size-fits-all solution. Key drawbacks such as low liquidity, a complex interface, and a near-complete absence of educational materials may deter beginners. For example, delays in executing large orders due to low liquidity are frequently mentioned in user reviews. Additionally, the platform’s interface, which could have been a strong point, is often criticized for being cluttered and counterintuitive. Many users find their first experience with HTX more akin to studying a complicated manual than seamlessly starting to trade.

Compared to competitors, HTX feels less balanced. Binance offers immense liquidity and a broad array of tools, Coinbase excels in simplicity and security, and Kraken is known for stability and low fees. HTX, on the other hand, is better suited for those interested in unique assets and willing to tolerate its limitations for access. Whether it’s worth it depends on your goals.

Choosing a cryptocurrency exchange requires thoughtful consideration. If you’re prepared to invest time in learning the interface and are focused on trading rare assets, HTX might be a good fit. However, if convenience and liquidity are your priorities, you may want to explore other platforms. Regardless of your choice, start with small amounts to test the platform and assess whether it meets your expectations. Even leading exchanges have their shortcomings, which could become deciding factors for your selection.

HTX Reviews: User and Expert Opinions

The HTX cryptocurrency exchange garners mixed reactions from users and experts. While it has clear advantages, its drawbacks can deter some traders. Let’s break down the key points.

Positive User Feedback

• Reliability and Security: Users highlight the high level of protection provided by cold storage and two-factor authentication. One review noted, “In two years of use, I haven’t had any security issues.”
• Wide Range of Trading Pairs: Over 500 cryptocurrencies allow traders to find niche assets and experiment with diverse strategies. However, professionals point out that liquidity doesn’t always meet expectations.
• Customer Support Performance: In some regions, users praise the responsiveness of the support team. However, this advantage heavily depends on location, and not everyone experiences quick resolutions.

Criticism and Negative Feedback

• Complex Interface: Beginners often describe the interface as cluttered and unintuitive.
• Limits for Unverified Accounts: Withdrawal limits for non-KYC users are a common source of frustration. For those who value anonymity, this is a significant drawback.
• Regional Restrictions: The platform is unavailable in several countries due to regulatory limitations, which disappoints potential users. Frequent rule changes add to the uncertainty.

Expert Opinions

Experts view HTX as a competitive exchange, particularly for its extensive range of assets and trading tools. However, they also highlight some clear shortcomings:

• The complex interface makes the platform less accessible for beginners.
• Limited educational materials complicate the onboarding process for new users.
• Low review scores on user feedback platforms point to areas that need improvement.

Experts recommend enhancing educational resources and simplifying the interface to attract a broader audience.

Ratings and Reviews

• Google Play: Rated 3.6 out of 5. Many users praise the app’s functionality, but complaints about bugs and technical issues are common.
• Trustpilot: Rated 2.1 out of 5. The low rating reflects issues with accessibility, withdrawal delays, and customer service quality.

Who Is HTX Suitable For?

The HTX cryptocurrency exchange offers a broad range of services, making it appealing to various types of users. However, its features can be both advantages and barriers. Let’s explore who might find the platform convenient and who might face challenges.

Beginners in the Cryptocurrency World

HTX provides educational materials and features like copy trading, which can be helpful for newcomers. However, the platform’s interface often receives criticism. One review noted, “Every action requires searching; the instructions don’t help.” Beginners will need to invest time to understand the functionality. HTX is clearly not designed for those looking to jump right in without some learning.

Experienced Traders

For professionals, HTX offers access to over 700 cryptocurrencies, margin trading, and derivatives. However, the exchange falls short in liquidity compared to giants like Binance, which can make executing large orders challenging. Competitive fees attract active traders, but only if they hold HT tokens. This adds an extra layer of complexity, particularly for those unwilling to invest in the platform’s token.

Investors

HTX caters to investors with staking options and fixed deposits offering returns ranging from 0.3% to 10% annually. However, it’s important to note that promised returns depend on market stability. One user remarked, “I expected 10%, but due to token price drops, my actual returns were negative.” This highlights how volatility can undermine expectations.

Conclusion

HTX can suit beginners, experienced traders, and investors, but with certain caveats. The platform requires time to master, and its complex interface and dependence on market conditions may be hurdles. Before signing up, it’s advisable to research the functionality and reviews, as well as test the exchange with small amounts. Not every market leader will align with your expectations—the choice ultimately depends on your goals and willingness to adapt to the platform’s conditions.

HTX Official Website