HTX (Huobi) is one of the oldest cryptocurrency exchanges, a true “dinosaur” in the cryptocurrency trading arena, founded back in 2013. It is an example of the pursuit of innovation and sustainable growth in the dynamic world of cryptocurrencies. Starting out as a small Chinese exchange, Huobi has grown into a global leader, offering a wide range of services and products to millions of users around the world.
HTX (Huobi) is one of the world’s leading cryptocurrency exchanges, offering a wide range of services and tools for trading digital assets. HTX has quickly established itself as a reliable and innovative platform, providing users with the ability to trade cryptocurrencies safely and efficiently. With high security standards, extensive liquidity, and a variety of trading pairs, HTX attracts both novice and experienced traders.
HTX has long been among the top ten largest cryptocurrency exchanges in the world and currently ranks third in terms of spot trading volume according to Coingecko, with a daily trading turnover of over $2 billion as of today. More than 700 cryptocurrencies are available for trading on HTX.
The HTX exchange has a very strong presence in Asian markets and was originally based in China. After regulatory measures were tightened, HTX moved to the Seychelles. HTX has physical offices in South Korea, Japan, Hong Kong, Singapore, and even opened an office in the United States in 2018, but was forced to close it for regulatory reasons. In an interview, HTX co-founder Du Jun explained that they are working on re-entering the US market as soon as they can obtain the appropriate license.
HTX is available to residents of most countries, except Japan, Korea, and the US, although Japanese users can access Huobi Japan, and Korean users can use Huobi Korea. Huobi is competing for the same market share as Binance, KuCoin, and OKX by providing a reliable trading platform and attracting a demographic of serious and experienced traders.
This HTX exchange review will cover the pros and cons, key features, a bit of history and background on the platform, security standards, detailed instructions on registration and verification, and much more… Let’s get started!
HTX was founded in Beijing in 2013 by Leon Li and Du Jun. Prior to Huobi, Li was a computer engineer at Oracle, while Jun founded two other highly successful companies: Golden Finance and Node Capital. On May 15, the domain huobi.com was purchased, and on September 1, Bitcoin trading began on the platform.
By 2014, Huobi had become one of the largest cryptocurrency exchanges in China in terms of trading volume. At this time, the exchange began to attract international attention and started developing plans for global expansion. The platform received an additional $10 million in investment from Sequoia Capital. During the same period, the company purchased the Quick Wallet cryptocurrency wallet.
During the crypto winter of 2015-2016, Huobi continued to invest in technology and infrastructure, and also began introducing new instruments such as margin trading and derivatives.
In 2017, HTX actively expanded its presence outside China. Offices were opened in Singapore, South Korea, and Japan, allowing the company to become a truly global platform. In response to the tightening of cryptocurrency regulations in China (ban on cryptocurrencies and ICOs), Huobi moved its headquarters to Singapore, ensuring compliance with new international standards and regulations.
In 2018, Huobi launched its own HT token, which became an important tool for platform users. In August of the same year, Huobi acquired a 74% stake in Hong Kong electronics manufacturer Pantronics Holdings, landing it on the Hong Kong Stock Exchange.
In 2019-2022, Huobi continued to expand its offerings, including the launch of Huobi Futures and Huobi Global to support derivatives and futures trading. New features such as cryptocurrency staking and lending were introduced. Huobi actively worked to comply with the requirements of various jurisdictions, including obtaining licenses and partnerships with regulated financial institutions.
In September 2023, Huobi Global rebranded to mark 10 years since its launch, and the platform has been called HTX ever since. According to the administration, “H” stands for Huobi, ‘T’ represents TRON, and “X” stands for exchange.
HTX keeps a close eye on the safety of its users and the security of their cryptocurrencies. The exchange has implemented a bunch of cutting-edge measures and technologies to protect data and funds, making it one of the most reliable platforms in the cryptocurrency market.
Most user funds are stored in cold wallets that are not connected to the internet. This minimizes the risk of hacking and theft, as cold wallets are protected from remote attacks. In addition, Huobi offers users the option to enable two-factor authentication for additional account protection.
HTX uses modern encryption methods to protect users’ personal data and transaction information. This prevents data interception and ensures confidentiality. It also conducts regular internal and external security audits to identify and eliminate vulnerabilities.
HTX has implemented a monitoring and alert system that tracks suspicious activity on the platform in real time. When unusual activity is detected, the system automatically alerts users and administrators, allowing them to respond quickly to potential threats. HTX actively informs its users about the importance of security measures, such as using unique and complex passwords, regularly updating software, and exercising caution when interacting with suspicious links or messages.
For users who use APIs for automated trading, HTX ensures security by restricting access based on IP addresses and using API keys with limited access rights.
Most importantly, to provide additional protection for users’ funds, Huobi uses an insurance fund that promises to cover losses in the event of a hack or other security incidents.
Registration on the exchange is quite simple and can be completed in several steps. Go to the official HTX website via my link HTX
https://www.htx.co.zw/invite/en-us/1h?invite_code=8e2j9
. Fill out the registration form: enter your valid email address and create a strong password that must contain at least 8 characters, including letters and numbers. Next, click the “Send” button and enter the password that was sent to your email address to confirm its validity. Check that the invitation code 8e2j9 has been entered in the “Referral code” field. Complete the registration by clicking the “Sign up to claim 241 USDT” button.
After that, you need to solve a puzzle for the system to let you proceed. Read the welcome message, then you will be redirected to your HTX personal account.
To make the site easier to use, change the language. To do this, hover your cursor over the planet in the upper right corner and select the language you prefer.
Next, we recommend that you immediately complete KYC verification. To do this, hover your cursor over the avatar in the upper right corner and click on the “Security” button. The system will ask you to enable two-factor authentication and offer two options to choose from.
We can use an app such as Google Authenticator or link a mobile phone. Alternatively, you can click “Link later,” which we do not recommend, as the system will remind you at every step and will still force you to connect 2FA.
To start verification, click the “Basic verification” button.
In the next step, select the personal verification option and click on “Verify.”
To complete the first basic level of verification, fill in the required information about yourself, such as: citizenship, first name, last name, date of birth. Then click the “Submit” button.
На HTX довольно демократичные понятия по KYC, по этому уже на 1 уровне без предоставления своих документов нам будет доступен лимит в 5 BTC в сутки на снятие.
However, we recommend completing the second level of KYC – the main verification on HTX. To do this, click “Verify” opposite.
Next, upload documents confirming your identity (passport, ID card, or driver’s license).
Please wait while your application is being processed. This may take some time. Once your documents have been verified, your status in your personal account will change to “verified.”
After passing verification, we proceed to replenish the account.
To do this, go to the “Assets” section and click on the blue “Deposit” button.
Select the cryptocurrency you want to deposit, choose the blockchain network you need, and click the “Send Deposit Address” button.
Confirm the wallet address sent to our email by clicking the “Confirm” button.
We check that the wallet address sent by the system via email matches the wallet address displayed on the website. We transfer cryptocurrency from our external wallet to the exchange wallet. After a certain number of network confirmations, the deposit will be credited to our balance. The confirmation time depends on the specific network and its load.
The next deposit method is P2P (Peer-to-Peer) on HTX. This service allows exchange customers to trade cryptocurrencies directly with each other, without intermediaries. In P2P trading, transactions are carried out directly between the buyer and the seller, which often reduces costs and speeds up the process.
To buy via P2P, hover your mouse cursor over “BUY CRYPTO” in the top panel of your HTX personal account and click “P2P trading.” A new page will open where you can select the cryptocurrency you want, enter the desired amount, and choose a payment method. Once the filter is set, select the desired ad from the list and click “Buy.”
Withdrawing funds from the HTX platform is the process of transferring cryptocurrencies or fiat money from the exchange to your personal wallet or bank account. To withdraw crypto, hover your mouse cursor over “Assets” and go to “My Assets,” then click “Withdraw Funds.”
A new window will open. Select the currency you want to withdraw from the list, select the blockchain network, enter the wallet address to which you want to make the withdrawal (make sure the address is entered correctly, as transactions are irreversible), then enter the withdrawal amount and click on the “Withdraw” button. For security reasons, we may need to go through two-factor authentication (2FA). After confirming the withdrawal, we will be able to track the status of the transaction in the withdrawal history.
The spot market on HTX is a platform for buying and selling cryptocurrencies in real time at current market prices. On the spot market, transactions are executed instantly, and the cryptocurrency is immediately transferred to the buyer’s account.
In the top navigation bar of the HTX exchange, hover your mouse cursor over the “Trade” section and select “Spot Trading.” The system will redirect you to the trading terminal page.
The first thing you need to do on the trading terminal page is select the trading pair you want to trade, for example, BTC/USDT or ETH/USDT. In the center of the trading terminal, you will see a chart. To execute a trade immediately at the current market price, select “Market Order,” enter the desired amount of cryptocurrency, and click the ‘Buy’ or “Sell” button.
You can monitor your active orders and their execution in the “My Orders” section on the trading terminal page.
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