Cryptocurrency exchanges are a lucrative business, especially when you look at leading crypto exchanges like Binance, which has made billions in profit in record time.
However, running a crypto exchange is no child’s play, as it is much more difficult than running a stock market exchange.
One needs to have sufficient funds, a world-class architecture, solid security protocols, and a strong brand image to succeed. Also, not to forget the challenges crypto exchange owners and management have to face to comply with regulations in various countries.
Binance has already proved that with successful token economics and high-end architecture, all this is possible. However, it is always a good idea to be aware of multiple top exchanges, and that’s why today I’m reviewing HTX Global exchange, which was earlier known as Huobi exchange.
Page Contents
HTX Global Review – Introduction
HTX Global a leading global digital asset exchange, is a brand of Huobi Global. Huobi Global is a world-leading cryptocurrency financial services group. As of now, HTX Global trades more than 600+ digital assets and the company is based in Seychelles, with offices in Hong Kong, South Korea, Japan and the United States
HTX Global (Earlier Huobi) has been operating in crypto exchange space since 2013.
How To Get Started Trading on HTX Exchange:
Getting started with HTX is easy. You are required to register using your email ID and set a password. But you need to submit your documents for KYC for higher withdrawal limits.
After that, you can log into HTX Global Exchange and get familiar with the dashboard before you start trading or investing. On looking closer, you will find that HTX shows all the charting indicators and charts of different time frames for experienced traders to start speculating.
They also have mobile apps for both Android & iOS for users who want to trade cryptos on the go!
Cryptocurrencies HTX Global Supports Now
HTX Global supports more than 600 cryptocurrency pairs as of January 2024. Here is the full list. Some of the popular currencies it supports are listed below:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Dash (DASH)
- Litecoin (LTC)
- Ethereum (ETH)
- Solana (Sol)
- DogeCoin (Doge)
Which Countries are supported by HTX Global?
These are the list of countries that are not supported by HTX Global. That means you can’t trade on HTX if you are from any of these countries:
Mainland China, Hong Kong,China, Macao,China, Cuba, United States of America, Iran, Canada, North Korea, Japan, Sudan, Syria, Venezuela, Singapore, Crimea (Russian-annexed), Russian Federation, United Kingdom, Democratic Republic of the Congo, Vanuatu, Uganda, Turkey, Trinidad and Tobago, Panama, Pakistan, Nicaragua, Mali, Jamaica, Haiti, Guinea-Bissau, Ghana, Germany, Central African Republic, Cambodia, Barbados, Bahamas, Albania, Palau, Syrian Arab Republic, Belarus, Bolivia, Ecuador, Kyrgyzstan.
HT (Huobi) Token & Its Benefits
HT token (Huobi token) is an ERC20 token on Ethereum blockchain. It is a native token for Huobi Pro and HADAX exchange through which one can get exclusive benefits. Some of the exciting benefits that HT token holders enjoy are:
- HT token payers can get trading fee discounts (up to 50%) and get VIP memberships.
- HT token provides liquidity. And they are also repurchased by Huobi every quarter to put in Huobi Investor Protection Fund.
What are the fees on HTX Global exchange?
The fees on HTX global exchange is nominal and follows maker/taker schedule for the trading fee as follows:
- Maker fees: 0.2%
- Taker fees: 0.2%
But this fee can be significantly reduced (up to 50%) by buying VIP memberships for the exchange. The subscription for the same is available on a monthly basis, and one can become a VIP by purchasing different plans as shown below:
Buy HT Tokens
Currently, the HT token is available on Huobi exchange for buying/selling in the following pairs:
- HT/USDT
- HT/BTC
- HT/ETH
- ETC/HT
- DASH/HT
- BCH/HT
- IOST/HT
- XRP/HT
- LTC/HT
Customer Support
HTX provides support 24 x 7 and can be reached out through Zendesk ticketing system for resolution of any issues.
Here is the link for the same.
Closing Thoughts
On the first look, it might seem that HTX exchange is doing just like Binance but in my opinion, there are significant differences between the two.
Some of the USPs of the HTX exchange :
- HTX has HT tokens that can be used for voting and hence reduces the due diligence time for Huobi exchange. In this also they have a multi-layered scrutiny of projects which gives more credibility to their process.
- HTX has pledged to buy HT tokens every quarter from their 20% profits to put in Huobi Investor Protection Fund, which is a must-have USP nowadays when centralized exchanges are prone to hacks. This is like the insurance for the HT token and HTX exchange users in an unforeseeable event.
- Subscription-based VIP membership and fee discounts are designed to lure institutional investors. And a fee discount feature that doesn’t end after a few years, as you have in Binance, is undoubtedly an excellent feature.
Some more unique features of the HTX exchange:
Now it’s time to hear from you: What do think about HTX and the HT token? Are you invested in them? Do you think it will be better than Binance? Do let us know your thoughts in the comments below!
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