HTX

HTX, formerly known as Huobi, is a prominent cryptocurrency exchange that has significantly influenced the digital asset trading landscape since its inception in 2013. Founded by Leon Li in Beijing, China, the platform has evolved into a global entity, offering a comprehensive suite of services to millions of users worldwide.

Information You Need to Know about HTX Exchange

HTX exchange is a multifaceted blockchain ecosystem encompassing digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. It serves a diverse customer base, including institutions, market makers, brokers, and individual users, spanning over 160 countries across five continents. Supporting more than 700 virtual assets, the platform boasts a daily trading volume exceeding $4 billion and a user base of over 45 million registered accounts.

This exchange, formerly known as Huobi Global, was founded in 2013 by Leon Li in Beijing. A Tsinghua University graduate with a degree in Automation, Li previously worked as a computer engineer at Oracle Corporation, one of the leading U.S.-based software companies.

In September 2022, Huobi Global rebranded to HTX. The platform’s strategies and global growth are guided by the HTX Global Advisory Board, which includes notable members such as H.E. Justin Sun, founder of TRON, Ted Chen, CEO of About Capital Management (HK) Limited, Du Jun, co-founder of HTX, Leah Wald, CEO of Valkyrie Investments, among others.

The exchange is headquartered in Seychelles, with additional offices in Hong Kong, South Korea, Japan, and the United States. it services are unavailable to users in certain jurisdictions, including Mainland China, the United States, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Hong Kong (China), and Singapore. Additionally, users in specific regions, such as Taiwan (China), Israel, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Sevastopol, Spain, the United Kingdom (retail users), and New Zealand, are prohibited from trading in derivatives.

HTX offers a range of services, such as spot trading, futures trading, margin trading, earn products, custody solutions, trading bots, and 24/7 customer support through multiple channels. Its mission is to “Achieve Financial Freedom for 8 Billion People on Earth.”

As a prominent gateway to Web3, the platform focuses on its growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” emphasizing its dedication to delivering quality services and value to virtual asset enthusiasts worldwide.

Trading Products and Services

HTX provides a diverse range of trading products and services:

Spot Trading

HTX’s primary service is spot trading, enabling users to buy and sell cryptocurrencies at current market prices. The platform offers various order types, including market, limit, and stop orders, catering to different trading strategies. The user-friendly interface ensures that both beginners and experienced traders can navigate the platform with ease.

Margin Trading

For traders seeking to amplify their positions, the platform offers margin trading services with competitive leverage options. This feature allows users to borrow funds to trade larger positions than their account balance would typically permit, potentially increasing profits while also elevating risk.

Futures and Derivatives

HTX exchange provides a comprehensive suite of futures and derivatives products, enabling users to speculate on the future price movements of various cryptocurrencies. These instruments include perpetual swaps and quarterly futures contracts, offering traders flexibility in implementing diverse trading strategies.

Staking Services

It offers staking services for certain cryptocurrencies, allowing users to earn rewards by participating in network validation processes. This feature provides an opportunity for passive income, with rewards varying based on the staked asset and network performance.

Trading Bots

To enhance the trading experience, this crypto exchange provides automated trading bots that assist users in executing trades based on predefined strategies. These bots are particularly beneficial for users seeking to capitalize on market opportunities without the need for constant monitoring.

HTX Fee Structure

HTX, formerly known as Huobi, is a leading cryptocurrency exchange offering a wide range of services and features tailored to both beginner and professional traders. Here’s a breakdown of its key features:

Withdrawal and Deposit Fees

• Withdrawal Fees: HTX applies dynamic withdrawal fees based on current network conditions, which may fluctuate due to factors like congestion. Users are advised to check the most updated fees on the withdrawal page.
• Deposit Fees: Cryptocurrency deposits are free of charge.
• Minimum Withdrawal Amount: Each cryptocurrency has a minimum withdrawal amount. Users should verify these details on the HTX Deposit & Withdrawal Fees page. Selecting the correct network is critical to avoid fund loss during withdrawals

Trading Fees

• Standard Fees: It charges a 0.2% fee for both makers and takers. Discounts are available based on users’ HT (Huobi Token) holdings. Holding 10 HT reduces the fee to 0.18% (10% discount), and greater holdings result in higher discounts, up to 65%.
• Professional Users: Traders with a 30-day volume exceeding 1,000 BTC and at least 2,000 HT holdings enjoy significantly lower fees, with rates as low as 0.0097% for makers and 0.0193% for takers at the highest volume tier.

Simple Guide to Getting Started with HTX

Getting started with HTX is a straightforward process that ensures you’re ready to explore the world of cryptocurrency trading. Follow this step-by-step guide to set up your account and begin trading with confidence:

1. Create Your Account: Head over to the official HTX website or download their mobile app. Click on the Sign Up button, then enter your email address or phone number. Set a strong password and accept the terms and conditions. Complete the CAPTCHA verification and submit your registration.
2. Confirm Your Identity: To meet regulatory requirements and boost your account’s security, the platform requires identity verification. Go to the KYC section in your account settings, upload a government-issued ID (like a passport or driver’s license), and complete a facial recognition check. Usually, verification takes just a few hours.
3. Add Funds: Log into your HTX account and navigate to the Deposit section. Choose the currency you want to deposit, whether it’s fiat or cryptocurrency. For fiat deposits, link your bank account or utilize supported payment options like credit cards or bank transfers. For crypto deposits, either copy your unique wallet address or scan the QR code provided.
4. Get Acquainted with the Platform: Take some time to explore HTX’s interface and features. Check out the Markets section to see the available cryptocurrencies, analyze price charts, and review trading pairs. Visit the Trade tab to look into spot, margin, and futures trading options.
5. Begin Trading: Pick your preferred trading pair and decide on the type of order you want to place (market, limit, or stop-limit). Enter the amount you wish to buy or sell, then confirm the transaction. Keep an eye on your trades and manage your portfolio through the Assets section.

Some Beginner Tips for Trading on HTX

Next, after having an account, just follow these tips to trade with assurance:

 Start Small

If you’re just starting out in trading, it’s wise to make small investments first. This will help you get accustomed to the platform while minimizing risks. As you gain more experience and confidence, you can slowly increase your trading volume.

Do Your Research

Before diving into any cryptocurrency trade, take the time to thoroughly research the asset. Familiarize yourself with its fundamentals, use cases, and market trends. Keep an eye on news and announcements that might affect prices.

Utilize Demo Trading

HTX provides a demo trading feature that allows you to practice with virtual funds. Take advantage of this option to test your strategies and become comfortable with the platform without putting real money at stake.

Leverage Risk Management Tools

Make sure to utilize its risk management tools, such as stop-loss and take-profit orders. These features can help you limit potential losses and secure profits. Establish clear limits for each trade to maintain control over your investments.

Avoid Emotional Trading

Your trading decisions should stem from analysis and strategy rather than emotions. Steer clear of impulsive buying or selling based on market fluctuations. Stick to your plan and maintain discipline.

Diversify Your Portfolio

Avoid concentrating all your funds in one cryptocurrency. Diversifying your investments across various assets can help spread risk and enhance the potential for returns.

Stay Updated with Market Trends

Regularly check market trends and charts available on HTX. Utilize the platform’s analytical tools to spot patterns and make well-informed trading decisions.

Secure Your Account

Protect your HTX account by enabling two-factor authentication (2FA) and using a robust password. Be vigilant against phishing attempts and only access the platform through official links.

By adhering to these guidelines and gradually honing your trading skills, you can maximize your experience on HTX.

Frequently Asked Questions

1. Is HTX Safe to Use?

Yes, it is considered a safe platform for cryptocurrency trading. The exchange employs robust security measures, including cold storage for the majority of user funds, advanced encryption protocols, and regular security audits. Additionally, HTX enforces KYC and AML procedures to ensure a compliant and secure trading environment.

2. What Are the Fees Associated with This Exchange?

HTX exchange employs a maker-taker fee model, with a standard fee of 0.2% for both makers and takers. These fees can be reduced significantly, down to 0.0126%, by leveling up in the related system. Deposits are generally free, while withdrawal fees vary depending on the specific cryptocurrency. Users should review the fee structure on the HTX website for detailed information.

3. Which Cryptocurrencies Can I Trade on HTX?

The exchange supports a diverse range of over 700 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and a variety of altcoins. This extensive selection allows traders to diversify their portfolios effectively.

4. Does HTX Offer Customer Support?

Yes, it provides 24/7 customer support through various channels, including live chat and email, ensuring timely assistance for user inquiries. The platform is committed to delivering a responsive and helpful support experience to its global user base.

HTX is a versatile and reliable cryptocurrency exchange offering a wide range of trading products and services. Whether you’re interested in spot trading, futures, or staking, it provides the tools and resources needed for a successful trading experience. With its focus on security, user satisfaction, and innovation, HTX is a top choice for traders worldwide.