Huobi Exchange Review

These days, there are many different cryptocurrency exchanges available for crypto enthusiasts to check and try out. Admittedly, it can be quite difficult to pick the best one for yourself! In this Huobi exchange review, we’ll be taking a look at one of the more reliable alternatives.

HTX is one of the older exchanges on the market. It was founded in 2013 and managed to accumulate a pretty stable reputation. The exchange comes with many different features and benefits - all of the most notable ones will be discussed in the review ahead.

I'll cover both the platform's main features and what sorts of benefits you can expect to receive if you choose Huobi as your main crypto trading site. We will discuss is Huobi safe or not, what coins it supports, and many more aspects of the exchange. I'll also explore how it stacks up against trading giants like Binance, Kraken, and ByBit.

Víctor Muñoz Albornoz

Founder at Bright NFT

How might the integration of AI and blockchain technologies revolutionize the future of crypto exchanges?

AI can enhance the security of crypto exchanges by detecting and preventing fraudulent activities. This is already implemented by many traditional finance organizations, where machine learning algorithms are used to analyze transaction patterns and identify suspicious activities.

What is HTX?

HTX, formerly known as Huobi Global Exchange, has been a notable player in the crypto space since its inception. Founded in 2013, Huobi was established with the aim of providing a secure and reliable platform for trading a wide range of cryptocurrencies. It rebranded to HTX to reflect its expanded services.

When discussing HTX's position in the global crypto market, it’s essential to highlight its significant user base and robust trading volume. HTX has consistently ranked among the top cryptocurrency exchanges worldwide, and this strong presence is a testament to its comprehensive range of services, from various trading options to grid bots and staking services.

One of the reasons for its strong market position is its commitment to innovation and user experience. The platform continuously updates its features to meet the evolving needs of its users, which is clearly reflected in positive HTX reviews.

HTX offers advanced trading tools and charts, making it easier for traders to analyze market trends and make informed decisions. Additionally, its mobile app ensures that you can trade on the go, providing flexibility and convenience.

The HTX Token is another important aspect of the HTX ecosystem. Introduced as a utility token, HTX Token plays a vital role in enhancing the user experience on the platform, especially in the HTX DAO.

While both tokens offer benefits like reduced fees, exclusive access, and voting rights, HTX Token is specifically tied to the decentralized governance model of HTX DAO, marking a new phase in the platform’s evolution.

HTX tokens can be earned through various promotions and trading activities on the platform. This incentivizes users to engage more deeply with HTX, fostering a loyal and active community.

Moreover, the token's integration into the platform's broader ecosystem signifies HTX's commitment to creating a holistic and rewarding trading experience for its users.

Shifting focus to accessibility, one of the most common questions in any Huobi exchange review is, "Is HTX available in the USA?". Unfortunately, as of now, HTX has limited availability in the USA and some other countries due to regulatory restrictions. However, the platform continues to explore ways to expand its services while complying with local regulations.

HTX, with its rich history as Huobi Global Exchange, has established itself as a prominent player in the crypto industry. Its innovative features, robust security measures, and user-centric approach make it a compelling choice for traders worldwide.

Whether you’re wondering "What is HTX?" or looking to understand its legitimacy, this platform offers a comprehensive suite of services designed to meet the diverse needs of the crypto community.

Huobi Exchange Review: PROS

The very first point of business for us is to discuss the actual benefits that users are going to receive whilst using the exchange. There are quite a few user Huobi exchange reviews left online that mention the best parts of this platform - among them, the number of supported crypto coins stands out significantly.

700+ Supported Cryptocurrencies

Bitcoin was created in 2009 - up to that point in time, the term “cryptocurrency” didn’t even exist, or was associated with very different things. Even with Bitcoin’s inception, crypto didn’t become popular for many years.

Today things are VERY different. Even crypto newbies are now looking for ways how they could invest in multiple different cryptocurrencies - people nowadays love to keep some pretty varied portfolios, and put in a lot of research into even the most niche of coins that are out there.

Naturally, as you can probably expect (and tell by looking at some user Huobi exchange reviews), this also impacts cryptocurrency exchanges in a major way, too. To put it short, many exchanges aim to offer their users as many different crypto coins and tokens as possible.

Huobi is no different in this regard. That said, this particular exchange has actually got things figured out pretty well - as of writing this Huobi review, the platform offers its users to trade and exchange over 700 different cryptocurrencies. That’s quite a decent number of crypto assets.

This number includes both all of the “big” and well-known coins (such as Bitcoin, Ethereum, Litecoin, and so on), and also some of the less-known crypto assets, too.

Such a wide pool of choices is great in that it offers users the ability to purchase and invest in multiple different assets on the same platform. You’ll be able to find some lesser-known crypto coins, which is a huge win for Huobi, as far as crypto exchanges go.

📚 Read More: Best Altcoin Exchanges

Top-Notch Security Features

As you can probably imagine, when it comes to the majority of user Huobi reviews found online, they often contain an important question - is Huobi safe?

It makes perfect sense, too - security is, without a doubt, the most important aspect of a reliable and legitimate cryptocurrency exchange. An exchange can have multiple coins to offer to its users, be super-fun to use, and so on - if it’s not secure, though, no one’s going to use it.

Huobi takes all of the concerns that you might have, security-wise, and throws them out the window - the exchange is a very safe crypto trading option.

First of all, your assets are insured with the HTX Security Reserve. If anything were to happen to your crypto assets and their security were compromised, you’d be compensated for your losses.

That’s not the best part, though. HTX keeps up to 98% of its users’ cryptocurrencies in cold wallet devices to enhance asset security even more. In theory, this is one of the best security features that an exchange could uphold.

With a cold wallet, you can be sure that a potential hacker won’t be able to access your funds, simply because the wallet is offline.

HTX also uses multi-signature wallets, which provide an extra layer of security. These require the approval of multiple parties before the transaction can be processed,^[2] reducing the risk of fraud or hacking.

Moreover, HTX undergoes regular security audits by independent firms. These audits help identify and address potential vulnerabilities before they can be exploited.

So, is Huobi safe? I’d say - very much so!

📚 Read More: Safest Crypto Exchanges

Various Trading Methods Available

Flexibility is key when it comes to trading strategies. HTX offers a variety of trading methods to suit your investment goals and risk tolerance:

• Spot Trading: This is the most basic method, allowing you to buy and sell cryptocurrencies at the current market price.
• Margin Trading: For experienced traders seeking to amplify their gains, HTX offers margin trading. This involves borrowing funds from the exchange to leverage your position (up to 5x). Just note that, in an unfortunate scenario, losses will be amplified, too.
• Futures & Options Trading: With futures trading, you can speculate on the future price movements of HTX crypto with USDT-M or Coin-M futures contracts (up to 200x leverage supported). On top of that, it offers American- and European-style options contracts.

• Leveraged ETPs: Exchange-traded products allow you to gain leveraged exposure (up to 5x) to underlying assets without directly managing margin positions. They are similar to leveraged ETF products in traditional markets.
• Trading Bots: These are automated algorithms that execute buy and sell orders on HTX based on predefined strategies, helping you trade 24/7 without manual input.
• Copy Trading: A feature that lets you automatically replicate another trader’s HTX activity in real time.
• P2P Trading: HTX’s peer-to-peer (P2P) trading platform allows you to buy and sell cryptocurrencies directly with other traders. It supports multiple payment methods, charges zero fees, and provides a secure environment with escrow protection to ensure that both parties fulfill their obligations.

HTX obviously caters to a wide range of trading styles. Whether you're a conservative investor or a risk-tolerant trader looking for advanced options, this exchange provides the tools you need to execute your strategy.

Competitive Fees

Crypto transactions involve fees - that’s how exchanges operate and maintain their income, after all. However, as you can imagine, fees are usually one of the more contentious topics, as far as cryptocurrencies go.

It makes sense - no matter if you’re starting out with crypto, or are looking to trade some higher amounts of it, everyone would probably want to pay super-small fees.

Naturally, crypto exchanges tend to compete with one another in terms of which of them could offer the best prices for their users. Where does Huobi fit into the picture here, though? Well, it’s pretty simple - Huobi offers its users some of the best fees on the market. Multiple Huobi exchange reviews left online will tell you the same.

On Huobi exchange, no matter if you’re a taker or a maker, the spot trading fees won’t surpass the 0.2% mark. While it's not the lowest rate on the market, many exchanges have even higher rates. Plus, on HTX, you can lower the fees - this is true if you use HTX tokens to cover them (and get a 25% discount) or simply trade large amounts (and increase your Prime level).

Table: HTX fee structure for spot & futures trading

These fees vary based on your 30-day spot trading volume, 30-day futures trading volume, the amount of crypto you hold, or the amount of HTX you hold. You don’t need to meet all the criteria, fulfilling just one is enough. There are a total of 12 levels, but for illustration purposes, I've only covered the 3 most significant ones in the table above.

Want to trade with zero fees? Then, go for HTX's P2P trading.

📚 Read More: In-Depth HTX Fee Overview

Live Customer Support

If you’ve ever used a cryptocurrency exchange before, you might be aware of the fact of just how difficult it is to find reliable and, more importantly, live customer support.

One of the more prominent features discussed in quite a few Huobi reviews is the fact that the exchange has live customer support. That’s great, in of itself - on top of that, though, you’ll be able to reach the support 24/7.

No matter what sort of issue it is that you’re facing, you can be sure that you’ll be able to reach Huobi’s support at any time of the day and receive the help that you need.

Credit / Debit Cards - Accepted

Probably one of the most important features of a crypto exchange when you’re just starting out is the process of funding your account.

Truth be told, that’s not always an easy task. With some exchanges, the only way to start trading is by transferring some cryptocurrency from another wallet into your account on the exchange. Needless to say, that might prove to be a pretty confusing process, especially for newbies.

Not something that you’d need to worry about with the crypto exchange in question, though. User Huobi exchange reviews will tell you that HTX does accept both credit and debit card payments via its Quick Trade feature.

This isn’t only very convenient, but it also allows you to fund your account in a fast manner, too. If you’re trying to catch a great deal, but do not have any funds in your account, it’s the perfect option.

📚 Related: Best Fiat-to-Crypto Exchanges

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Huobi Exchange Review: CONS

While Huobi is truly one of the better cryptocurrency exchange platforms on the market, there are still some user reviews that aren’t all that positive concerning the platform.

Naturally, looking at the Huobi Pro reviews, it’s evident that most of the more-negative feedback that Huobi receives doesn’t exactly concern the features that the platform offers, but rather ones that it lacks.

Only Cryptocurrency Trading (No Other Assets)

This is something that can, admittedly, be seen as both a pro and a con in user Huobi exchange reviews, depending on what it is that you want from an exchange, in the first place.

HTX only allows you to trade cryptocurrencies - in other words, there are no other assets that you’d be able to exchange or trade on the platform.

For hardcore crypto fans, this isn’t going to be an issue - if you’re only interested in crypto, you probably wouldn’t even notice this, in the first place. However, if you’d like to trade some other assets, too, and use Huobi as your standalone exchange, that won’t be possible (like you can buy precious metals on Uphold, for example).

That said, the platform has a feature that allows you can discover and earn new cryptocurrencies, which can still help to diversify your strategies, even if you won't be able to find commodities and other assets.

As noted earlier, it all boils down to your own financial portfolio-building preferences. Still, it’s something that’s worth pointing out, seeing as there are some user Huobi Pro reviews that emphasize the point pretty sternly.

Mostly an Unregulated Exchange

Yet again, this is something that can be seen as both a pro and a con, depending on your stance regarding crypto regulations.

Huobi falls under the laws of the Republic of Seychelles. However, the Seychelles Financial Services Authority stated in late 2023 that Huobi Global Limited has never held a licence there and was even struck off the country’s company register, so the exchange is not regulated by any major financial institution.

Huobi Japan and a few other local off-shoots do hold country-specific licences, but those protections apply only to customers who sign up on those separate portals.

In most cases, unregulated exchanges are something that you should avoid, since they offer no benefits or safeguards to the user. Here, though, we’re talking about a cryptocurrency exchange. Many of the diehard crypto enthusiasts would tell you that crypto needs as little regulation as possible - that’s kind of the whole point of decentralization, in the first place.

In essence, whether this is a shortcoming or an actual benefit does depend on your own, personal perspective - if you aim to honor the philosophy behind crypto, then the unregulated nature of the exchange might not be too big of a deal for you, especially considering all of the other benefits that Huobi offers to its users.

How to Use the Huobi Cryptocurrency Exchange?

Now that we’ve covered all of the main pros and cons of Huobi, the only thing that’s still left to discuss is the process of actually using the exchange.

First of all, since many user Huobi exchange reviews do point out the fact that Huobi is super-simple to use, let’s take a look at the registration and usability processes, in general. After that, we’ll also talk about buying crypto on the platform, too.

How to Register on Huobi?

Here's the step-by-step process of creating an account on the HTX exchange:

Though, note that there are four different verification levels with separate withdrawal limits and supported features: L1 Basic Permissions, L2 Basic Verification, L3 Advanced Verification, and Investment Capability Assessment. The last one unlocks a 3,000 BTC 24-hour withdrawal limit, as well as bank transfers and debit/credit card payments.

As you can probably see for yourself, the registration process was a complete breeze. Most user Huobi exchange reviews are unanimous on this point - it takes but a minute, and is very straightforward. The only part that might take some more time is the KYC process.

If it's your first time accessing an exchange like Huobi, it can be a bit overwhelming. That being said, it’s all standard - there are no additional confusing features or buttons that would make you open up a dictionary. How about trading on HTX, though?

Well, on the spot market, for example, you’d perform all of your trading and exchanging processes at the bottom part of the screen. On the left, you can choose a crypto asset that you’d like to trade. The infographic in the middle serves the purpose of showing you the price fluctuations of the asset that you’ve chosen. That's a standard interface you'll notice on most top exchanges.

How to Buy Crypto on HTX?

As a final point of this Huobi exchange review, let’s take a look at how to buy Bitcoin on the platform.

As expected, the crypto purchasing process on the exchange is pretty fast and simple. While it’s surely something you’ll find mentioned on user Huobi reviews, it’s also evident while actually performing the purchase, too.

Pros

• Secure and reliable
• Accepts fiat currencies
• Lots of trading options

Main Features

• Reputable exchange
• Accepts fiat currencies
• Offers various trading options

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Pros

• Accepts fiat currencies
• Simple to use
• Supports only trusted cryptocurrencies

Main Features

• A leading cryptocurrency exchange platform
• Best for all type investors
• Accepts fiat currencies

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Pros

• Beginner-friendly
• Secure
• Decent trading and withdrawal fees

Main Features

• Crypto.com Visa Card
• Automated tools & bots
• Ecosystem synergy with CRO

UP TO 1 BTC IN CRO

Conclusions

So, then - is Huobi safe and worth checking out? Of course!

HTX is a popular cryptocurrency exchange platform. It offers top-tier security features, with the vast majority of your funds being kept in cold storage devices. On top of that, the site is very simple to use, offers more than 700 different crypto assets, and also allows you to purchase cryptocurrencies with a credit or debit card.

The platform’s fee structure is competitive, especially if you hold HTX tokens, which can reduce HTX fees by 25%. Moreover, with its advanced encryption, 2FA, and cold storage solutions, the exchange provides a secure trading environment. All in all, most user Huobi exchange reviews will tell you the same - the platform is nice to use.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Lehto N., Halunen K., Latvala O., et al: CryptoVault - A Secure Hardware Wallet for Decentralized Key Management;

2. Goel A. K., Bisht V. S., Chaudhary S.: Multisignature Crypto Wallet Paper.