HTX Review

This review of cryptocurrency exchange HTX was created for informational purposes. Going through this review will help you decide if HTX is an exchange that fits your needs.

Table of Contents

What is the history of HTX?

HTX is currently one of the largest cryptocurrency exchanges worldwide. The company is based in Singapore and has service centers in Chengdu, Hong Kong, Seoul, Shenzhen and Tokyo. HTX was founded in 2013 by Leon Li. who is also the CEO of the company.

Their mission: “empowering financial services and liberating global wealth” has become a reality through giving access to their online services in over 130 different countries and generating a trading volume of over $2.3 trillion in the year 2020.

Recently the founder, Leon Li, has discussed selling nearly 60% of his investment in HTX. A deal estimated at around $2 and $3 billion.

Leon Li CEO Huobi
Leon Li CEO HTX

What cryptocurrencies are available on HTX?

HTX offers 620 different cryptocurrencies on their platform and 1017 trading pairs. The pairs with the most liquidity are Bitcoin – BTC, ETH – Ethereum, HTX Token – HT, HTX Dollar – HUSD, Tether – USDT and USD Circle – USDC. HTX profiles itself as both a ‘fiat-to-crypto‘ and ‘crypto-to-crypto‘ exchange. Meaning you are able to purchase cryptocurrency with a fiat.

Cryptocurrencies on Huobi
Cryptocurrencies on HTX

What is HTX Token - HT?

huobi-token-logo

HTX  – HT is the utility token of the HTX exchange and can be used for the following purposes:

  • As a trading pair on the HTX exchange just like Bitcoin – BTC. This means that HT can be traded on the HTX exchange for other digital currencies.
  • As a fee reduction mechanism; by holding users can pay up to 50% less on buying and selling fees on HTX exchange.
  • HT holders can participate in deciding which tokens will be added next through HADAX.
  • HT is used to buy into Initial Exchange Offerings – IEOs launched on the HTX Prime platform.

What are the fees and other charges on HTX? 

Fees on HTX are 0.2% for both ‘makers’ and ‘takers’. If you want to withdraw coins from HTX, you will have to pay a withdrawal fee. However, withdrawal fees vary per coin and change with market conditions.

A ‘maker’ is someone who adds an order to the order book, or puts in a limit order. A ‘taker’ is someone who accepts an order from the order book and thereby empties the order book.

For a detailed explanation of the HTX fee structures visit our HTX Fees page

Huobi-fees-trading-fees
HTX fee structure

Where do I find HTX support?

Many cryptocurrency exchanges lack good support for their users. Fortunately HTX has his customer support perfectly in order. HTX offers investors 24/7 phone support as well as email support@HTX .pro, where users can send a support ticket. But not only this, it’s also possible to contact HTX via their live chat on their website. 

For more info visit our HTX support page.

What are the pros and cons of HTX?

Like any other exchange, HTX has advantages and disadvantages. We take a look at some of their strengths and weaknesses in the table below for:

Pros

  • Very large cryptocurrency offering
  • BTC/ETH/ USDT/HUSD & HT Trading Pairs
  • Very fast platform
  • High volumes
  • Very good customer service (24/7)
  • Safe and secure

Cons

  • Slightly higher buying and selling fees than competitors
  • Cryptocurrencies are not insured

Conclusion

We believe that HTX is suited for every cryptocurrency trader. By shifing their focus to not only on investors from Asia, but also towards Europe. Therefore renaming themselves into HTX Global. 

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