HTX exchange is one of the world’s leading digital currency exchanges. On this exchange, traders can easily buy and sell currencies quickly. So, What is HTX? What are the advantages and disadvantages of HTX? How to register? Please refer to the article below from Learn Crypto Trading!
What is HTX that traders need to know
HTX is no longer a strange name to the cryptocurrency investment community. Learn more about this exchange through the information below.
What is HTX?
What is HTX? The answer is HTX has the old name Huobi. This is one of the major exchanges in the Crypto market originating from China. This exchange was officially established in 2013 to serve the user community in the vibrant market. In addition to being a cryptocurrency exchange, HTX is also one of the major financial corporations. However, China issued a ban on financial companies dealing with cryptocurrencies. Then, in 2021, HTX exchange moved its headquarters to Singapore and expanded its operations globally.
Outstanding achievements of the HTX exchange
HTX is considered the leading platform providing management and transaction services that meet user needs. With some outstanding achievements such as:
- More than 500 types of digital assets of varying quality
- 24-hour trading volume can reach more than 10 billion USD
- The Reserve Fund is secured to own 20,000 BTC
- With more than 10 million users and 200 service centers in many regions
- Supports all types of transactions from all platforms such as IOS, Android, API, MacOS, Windows
- Allows users to make transactions anytime, anywhere, easily.
The products traded on What is HT?
Currently, HTX exchange provides several outstanding products such as:
- Buy HTX coin using domestic payment: Users can easily buy cryptocurrencies through domestic cards. For example, Visa/MasterCard or a domestic bank card.
- HTX P2P: This is a platform that conducts cryptocurrency buying and selling transactions. This product allows for price and payment options.
- Spot Trading: This product is a platform that supports buying and selling cryptocurrency pairs listed on the exchange.
- Margin trading: Allows trading by borrowing capital from the HTX exchange with different leverage rates depending on each currency pair.
- Autotrade (Grid trading): A Strategy to automatically buy low or sell high at a certain price range based on user orders.
- HTX exchange OTC: Support to buy Bitcoin or other cryptocurrencies with GBP or other currency units.
- Futures: Supports the implementation of futures contract transactions on the HTX exchange.
- Staking: Staking involves staking several tokens to receive annual income.
- Primepool: This is a product that locks assets to receive newly launched airdrop tokens.
- HTX Earn Deposit tokens to receive the exchange’s annual APY.
- Crypto loan: Allows you to borrow one cryptocurrency by depositing another.
- ETH 2.0: Connect to contribute to the ETH 2.0 network community.
See more: Open an HTX account – A reliable Crypto exchange
Exchange assessment: What is HTX?
Through the above information, you probably already know what HTX is. However, to know more about the advantages and limitations of HTX, read the information below.
Advantages of what is HTX?
Like other types of trading exchanges, this type of exchange also has some outstanding advantages, such as:
- Diverse transactions support buying and selling Bitcoin, Ethereum, and more than 700 other cryptocurrencies.
- Belonging to the top exchanges in terms of trading volume, ensuring high liquidity for trading orders.
- Allows investors to trade on margin, increasing profit potential.
- Providing a variety of trading orders, such as Market, Limit, and Stop-Loss, to fully meet the needs of many investors.
- Apply many security measures such as two-factor authentication (2FA), cold storage, and data encryption.
- HTX exchange provides a variety of DeFi services such as lending, collateral, and decentralized exchange.
- Provides a platform for blockchain startup projects to raise capital through IEO.
- Support for a variety of languages, including English, makes it easy for users to access and use. Answer questions and support users quickly and promptly through many channels such as email and live chat…
Restrictions still exist on the HTX exchange
In addition to the outstanding advantages mentioned above, HTX coin also has some limitations, such as:
- Transaction fees on HTX may be higher than some other exchanges on the market. Especially for high-volume traders.
- Applying KYC to all users may be difficult for some.
- Some countries and regions restrict access or use of certain services on the exchange.
- Although many advanced security measures are applied, the risk of being hacked is always hidden.
Fees on the exchange, HTX?
Many users wonder about the above fee, what HTX is, how much it is, and what fees are included. Below are some fees that the HTX exchange is currently applying.
Spot Trading Fees
Spot trading fees on the HTX exchange may vary depending on the cryptocurrency being traded. Specifically:
- The transaction fee is 0.2% per transaction if paid in coins other than HTX Token.
- Fees range from 0.07% to 0.18% if using HTX to pay.
For professional users, it means people who own over 1,000 BTC or more. Fees will be charged as follows:
- The fee for Maker order creators will range from 0.0097% to 0.0362%.
- The fee for Taker order creators will range from 0.0193% to 0.0462%.
Futures transaction fees on HTX
Futures trading fees will be calculated as follows: The fee to open/close a position is 0.02% for the maker and 0.04% for the taker. This fee has been changed as of June 4, 2020. Previously, the fee for takers was only about 0.03%.
Deposit and withdrawal fees on HTX coin
HTX exchange will not charge deposit fees for all cryptocurrencies. However, withdrawal costs will be calculated based on each different asset type. For example, the current BTC withdrawal fee is 0.0004 BTC.
Instructions for registering the HTX exchange
To conveniently register for the HTX exchange, you can follow the steps below:
Step 1: Access the main website of HTX using the link “https://www.htx.com”
Step 2: Click on the “Register Now” button in the middle or “Sign Up” in the upper right corner of the screen.
Step 3: In the registration section, you can create an account with an email address or phone number. Then press “Next” to continue.
Step 4: Complete robot verification
Step 5: Enter the code sent to your email or phone number
Step 6: Set up password settings for HTX exchange. The password must contain uppercase letters and numbers.
Step 7: Complete the registration process and make transactions on HTX
See more: Open an HTX exchange – Increase personal income
Conclude
HTX exchange is an exchange with high liquidity, but it receives many reputable reviews. Although transaction costs are high, users can still take advantage of the token HTX to receive additional incentives. The above article provides some basic information about what HTX is. What is your review of the HTX exchange? How to register. Hopefully, after reading the Learn Crypto Trading article, you will have more useful information. If you have any questions or problems that need answering, don’t hesitate to contact us immediately!
FAQS
Is HTX exchange as reputable as rumored?
According to CoinGecko’s ranking algorithm, the HTX exchange has been rated 9/10 points for reliability.
Has HTX ever been hacked?
The answer is yes. On the evening of September 25, 2023, right after changing its name from Huobi Global to HTX Global, the exchange was hacked.
Is the above fee HTX high?
Fees on HTX exchange are generally competitive compared to other cryptocurrency exchanges. Therefore, you should pay attention and consider carefully before using it.