Huobi Autonomous Digital Asset eXchange (HADAX) – March 2020 review

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A cryptocurrency exchange that lets its users decide which tokens it should list.

In order to be listed on a centralised cryptocurrency exchange, coins and tokens generally have to go through a strict evaluation process. While this is designed to help reduce the risks for crypto buyers and ensure that only legitimate, quality assets are listed, it’s often also a time-consuming process that struggles to keep pace with the rapidly expanding cryptocurrency market.


Product Name HADAX (Huobi Autonomous Digital Asset eXchange)
Fiat Currencies -
Cryptocurrencies BTC, ETH, 18T, BUT, LXT, CDC, UUU, AAC, CNN, UIP, UC, GSC, IIC, MEX, EGCC, SHE
Deposit Methods Cryptocurrency
Trading Fee 0.2%*
*VIP user discounts available
Deposit Fees None
Withdrawal Fees Fees vary


  • Developed by an established cryptocurrency exchange
  • 24/7 customer support
  • Allows crypto buyers to put money into projects in the early stages of their development
  • Users have a say in which tokens are listed on the exchange
  • Competitive trading fees


  • Digital assets launched on HADAX are typically still within the early stages of development and therefore have a higher degree of risk
  • Designed for professional traders, so isn’t the best choice for everyone
  • Huobi has previously been accused of falsifying trading volumes
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. 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.

What is HADAX?

HADAX is a digital asset exchange where customers can use Huobi Tokens to vote for the currencies they want to see listed on the exchange. This approach is designed to meet two key goals: to give professional traders more options to choose from and to give digital asset startups the opportunity to connect with professional investors.

HADAX is a sub-brand of Huobi, a cryptocurrency exchange where users can trade more than 190 currency pairs. The platform is operated by Huobi Global Limited, a cryptocurrency financial services group that was established in China in 2013 but which is currently incorporated in the Republic of Seychelles.

Huobi Global offers cryptocurrency trading platforms to users in over 130 countries and has offices in Singapore, the United States, Japan, Korea and Hong Kong.

Which cryptocurrencies can I buy/sell?

At time of writing (13/04/2018) HADAX listed the following cryptocurrencies in trading pairs with bitcoin (BTC) and Ether (ETH):

  • Zone 18 (18T)
  • BitUP (BUT)
  • Commerce Data Connection (CDC)
  • U Network (UUU)
  • Acute Angle Cloud (AAC)
  • Content Neutrality Network (CNN)
  • UnlimitedIP (UIP)
  • YouLive Coin (UC)
  • Global Social Chain (GSC)
  • Intelligent Investment Chain (IIC)
  • MEX (MEX)
  • Engine (EGCC)
  • ShineChain (SHE)

How does HADAX token voting work?

The process for listing or voting for a token on HADAX is as follows:

  1. Digital asset startups register to have their token listed on HADAX.
  2. The HADAX team confirms the authenticity and legitimacy of projects but does not make any evaluation of their investment value.
  3. Users vote for the tokens they want to see listed on HADAX using Huobi Tokens (HT). One vote costs 0.1 HT. Each user can cast up to 100,000 votes for one project.
  4. Super nodes (professional investment organisations) can also vote on projects but do not need to pay any HTs.
  5. The tokens with the most votes at the end of the voting phase will be listed on HADAX.
  6. If those tokens also meet Huobi’s listing standards, they will also be listed in the “New Zone” section of the Huobi exchange.

Available countries

HADAX offers its platform to users in more than 130 countries around the world, including Indonesia. If you are unsure whether your country of residence is supported, contact the Huobi team for more information.

Which payment methods are accepted?

The only way to deposit funds into your HADAX account is via cryptocurrency transfer, for example by sending bitcoin or Ether.

How much will it cost me to use HADAX?

HADAX offers the same fee structure as the Huobi exchange:

  • Maker fees: 0.2%
  • Taker fees: 0.2%

However, VIP users can access discounted platform fees with Huobi Tokens (HT). The table below outlines the fee discounts available:

Membership levelFee discountCost of membership level
VIP110% off120 HT / month
VIP220% off600 HT / month
VIP330% off1,200 HT / month
VIP440% off6,000 HT / month
VIP550% off12,000 HT / month

There are no fees for depositing cryptocurrency into your account, but withdrawal fees are charged. For example, bitcoin withdrawals attract a 0.001 BTC fee, while Ether withdrawals incur a 0.01 ETH fee.

Is it safe to use HADAX?

As Hadax is a sub-brand of Huobi, the platform offers the same service and security features as Huobi. If you are already a user of Huobi, you can sign into HADAX using the same login details.

To register for an account you must:

  • Enter and verify your email address
  • Specify your nationality
  • Link and verify your phone number
  • Activate two-factor authentication via Google Authenticator

You will also need to provide a photo of your passport to fully verify your account.

Huobi says that it stores more than 98% of digital assets in multi-signature cold wallets. Another factor in the platform’s favour is that while HADAX is only a relatively new offering, the company behind it has been operating since 2013.

Must read

  • Note that digital assets launched on HADAX are typically still in early stages of development. As such, they could entail a higher degree of risk.

Customer support

Customer support is a key plank of Huobi’s service, and the platform provides 24/7 assistance to users. You can get in touch with the support team via live chat or email, while the answers to a handful of important FAQs are also available online.

Pros and cons


  • Developed by an established cryptocurrency exchange.
  • 24/7 customer support.
  • Allows cryptocurrency buyers to put money into projects in the early stages of their development.
  • Users have a say in which tokens are listed on the exchange.
  • Competitive trading fees.


  • Digital assets launched on HADAX are typically still in the early stages of development and therefore have a higher degree of risk.
  • Designed for professional traders, so isn’t the best choice for everyone.
  • Huobi has previously been accused of falsifying trading volumes.

At the time of writing, the author holds IOTA and XLM.

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