HTX (Huobi) Exchange Review
HTX (Huobi) Cryptocurrency Exchange isn't available on Finder right now.
- Fiat currencies
- 27
- Supported assets
- 656
Our verdict
Over 700 cryptocurrencies to choose from, but it’s not available in the US.
Formerly known as Huobi Global, the company rebranded to HTX in 2023. It offers over 700 crypto assets for trade and provides a straightforward fee structure, making it a popular pick for investors worldwide. However, it is unavailable in the US, and its complex platform may be overwhelming for beginners.
Pros
-
Large selection of crypto
-
Financial transparency through Proof of Reserves reports
-
Wide selection of advanced trading tools
Cons
-
Unavailable in the US
-
High maker/taker fees
-
Not very beginner-friendly
Details
Product details
| Product Name | HTX (Huobi) Cryptocurrency Exchange |
| Fiat Currencies | USD, GBP, AUD, EUR, NZD & 22 more |
| Cryptocurrencies | BTC, ETH, SOL, HTX, TRX & 651 more |
| Deposit Methods |
AdvCash Cryptocurrency Wire transfer SWIFT |
| Trading Fee |
Base fee: 0.2% Trading fee: 0.07% to 0.20% Maker fees: Starting at 0.0362% Taker fees: Starting at 0.0462% |
| Deposit Fees | None |
| Withdrawal Fees |
Formula-based: Withdrawal fee of a specific crypto on a certain day = Withdrawal fee of the blockchain network / the average price of the crypto on the previous day |
Huobi is best for Asian investors
HXT (Huobi) is ideal for Asian investors who want access to spot and derivative trading products. Trading is available outside Asia, including parts of Europe, but availability is most widespread throughout Asian countries.
In fact, HXT (Huobi) quickly became a leading platform in places like China, Japan, Singapore and South Korea before regulatory issues changed its licensing. Today, areas like Hong Kong and Mainland China are not covered, but several other countries are.
HXT (Huobi) plans
HXT (Huobi) offers investors the ability to earn HTX Experience (EXP) points based on their trading volume and overall holdings. These points translate to VIP account tiers that include Advanced, Insider, Premier, Ambassador and Partner tiers. Based on your HTX (Huobi) tokens, benefits include gifts, access to a personal account manager and increased trading limits.
What we like about Huobi
There are several benefits to investing with Huobi, such as a wide array of trading products, strong security protocols and expansive educational and analytical resources.
Excellent selection of products
HXT (Huobi) boasts over 12,000 assets and trading products for your investment, including over 700 cryptocurrencies and over 100 fiat currencies. Investors can participate in spot trading, futures trading for up to 200x and margin trading for 5x.
Expansive resources
HXT (Huobi) offers real-time data with price alerts and market depth, plus additional features like trading bots, detailed charting and technical indicators. There is also a unique copy trading feature that allows you to follow and mimic top investors to help improve your strategy.
Strong security protocols
HXT (Huobi) uses multi-signature cold wallets to store client assets with a 20,000 BTC Security Reserve Fund set aside for extreme emergencies. There is also two-factor authentication, cold storage and SSL protection to round out its security measures.
Where Huobi falls short
HXT (Huobi) does have some disadvantages, such as its country restrictions, trading and withdrawal limits and lack of phone support.
Several restricted countries
Although it maintains offices in the United States, HTX is unavailable in the US and several other countries, including Hong Kong and Mainland China, Canada, Singapore, Germany, Pakistan and the United Kingdom.
It also cannot support transactions with bank cards issued in certain countries like Afghanistan, Cuba, Eritrea, Morocco, North Korea, Russia, Venezuela or Hong Kong or Mainland China.
Trading and withdrawal limits apply
Traders are subject to daily trading and withdrawal limits. These are not flat amounts but rather based on your verification levels. For example, basic registration allows you to withdraw 0.06 BTC per 24 hours, whereas advanced verification allows 100 BTC per 24 hours.
Users can increase their level by completing various identity verification procedures, such as submitting a photo ID or registering a bank account in their name.
No phone support
Huobi offers customer service in a number of ways, but if you are looking to speak with someone over the phone, it is not an option. Instead, Huobi offers email and live chat. There are also additional resources for support, such as a help center and support tickets.
Is HXT (Huobi) legit?
HXT (Huobi) was founded in 2013 to offer spot trading services. Less than a year later, it had already become the world’s largest digital asset trading platform. Today, it has over 47 million users globally, with over $33 trillion in cumulative trading volume.
However, it has faced its share of issues. In 2017, it closed its accounts in Mainland China due to a new ban, which also impacted crypto platform Binance. Two years later, problems continued when regulatory issues prompted Huobi to close its US and Singapore divisions.
Still, it has worked hard to make up for past missteps with stringent security measures for current users. With everything from two-factor authentication and SSL encryption to cold storage and multi-signature wallets, HTX employs strong security protocols to protect user data.
Listed HTX (Huobi) crypto exchange assets
HXT (Huobi) offers over 700 cryptocurrencies.
Popular assets on HTX (Huobi)
- Bitcoin (BTC)
- Ethereum (ETH)
- XRP (XRP)
- Solana (SOL)
- USDC (USDC)
- Cardano (ADA)
- Chainlink (LINK)
- Shiba Inu (SHIB)
- Sui (SUI)
- Hedera (HBAR)
- Polkadot (DOT)
- Stellar (XLM)
- BNB (BNB)
- Dogecoin (DOGE)
- TRON (TRX)
- Toncoin (TON)
- Hyperliquid (HYPE)
- Bitget Token (BGB)
All HTX (Huobi) crypto assets
HXT (Huobi) offers access to over 700 cryptocurrencies.
How to sign up for HTX (Huobi)
You can sign up for HTX (Huobi) through the website or the mobile app. To sign up using the mobile app, follow these steps. If you have a Huobi referral code, be sure to enter it during signup.
- Download the HTX app from the App Store or Google Play.
- Tap Me at the bottom right corner, then tap Log In / Sign Up. Review and agree to the HTX User Agreement and Privacy Policy.
- Create an account using either your email address or phone number.
- Enter the six-digit verification code you receive to complete the anti-bot verification.
- Set up your password and complete the Know Your Customer (KYC) verification by entering your name and country of residence.
- Upload your passport or driver’s license, as well as a photo of yourself. Once you receive approval, your account is set up.
You will need to fund your account to begin trading.
Customer experience
| App Store Score | 3.8 out of 5 stars, based on 1,300 customer reviews |
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What do people on Reddit say?
On Reddit, users mention worries about regulatory issues, which have caused some customers to withdraw funds despite steep withdrawal penalties. Redditors also seem to lack faith in the company’s leadership, and they aren’t happy with customer support, either.
There are also questions surrounding its availability. Some users like the platform or want to give it a try, but are bound by geographic restrictions.
Compare HXT (Huobi) to other platforms
Compare similar platforms by available asset types, trade fees and minimum deposit requirements. Go to site; to sign up for an account.
Frequently asked questions
Is Huobi available in the US?
Although it was previously available as the Huobi Global Exchange, HTX today is no longer available in the US.
Is Huobi safe to use?
Huobi employs advanced security protocols to secure user data, such as two-factor authentication, SSL encryption and multi-signature cold wallets. However, like any crypto exchange, there are risks involved with investing. Always do your research and consult a financial advisor as needed.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Sources
Your reviews
Lena Finder
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