HTX Review 2024: Features, Fees & HTX DAO

What is HTX?

HTX is a global exchange that’s been around since 2013, growing into a full-fledged blockchain ecosystem available in 170 countries. Previously known as Huobi, it was created to buy and trade BTC securely. It’s not just about trading Bitcoin anymore, it supports over 700 cryptocurrencies, offering spot, futures, and derivative markets with 100x leverage. 

Beyond trading, HTX has introduced unique financial products like HTX Earn, staking, and Dual Investment. It has also implemented Proof of Reserves, meaning it guarantees that all user assets are fully backed, with additional layers of protection to keep funds safe. On top of that, they offer services like crypto loans, copy trading and an NFT marketplace.

‍

HTX Features

HTX is designed for investors and traders of all experience levels, offering a range of tools to help users trade, earn, and manage their digital assets. 

‍

Trading Options

HTX gives you access to over 700 cryptocurrencies with a variety of trading options to suit all levels:

• Spot Trading: Easily buy and sell a wide variety of 700 digital assets, using advanced tools to make informed decisions.
• Derivatives Trading: Users can trade a wide range of futures products, including USDT-margined and coin-margined options with multiple expiration types while providing users with lucrative rewards for new users.
• Copy Trading: If you’re new to trading or just want to follow the pros, HTX lets you automatically copy the strategies of expert traders with PnL displays.
• Options Trading: HTX offers both European and American-style options, giving you even more ways to diversify your investments.

‍

Earn Options

The platform offers several ways to earn passive income from your crypto holdings:

• Flexible and Fixed Products: Earn steady returns on your idle assets with flexible or fixed-term options that suit your goals. The yields range between 0.3% and 10%, depending on your staking length.
• Shark Fin: This unique product helps you grow your wealth even in unpredictable markets, providing stable returns regardless of fluctuations. Users can be either bullish or bearish on assets like BTC and ETH.
• Staking: HTX makes it easy to stake cryptocurrencies, including ETH 2.0, letting you earn rewards while supporting the network. The returns can range from 0.5% - 15% APY.
• Dual Investment: Dual Investment allows users to customize their buy or sell options between two currencies, earning interest upfront and receiving high yields upon maturity, regardless of market direction, by settling in one of the invested currencies.
• On-Chain Staking: Take advantage of non-custodial staking with institutional backing, providing a secure and decentralized way to stake your assets.
• Liquid Restaking: Stay ahead of the game by following large-scale investment trends and potentially benefit from airdrops through liquid restaking.

‍

Additional Services

There are additional financial tools to give you more flexibility with your investment options:

• Crypto Loans: Loans offer instant approval with flexible loan amounts and terms, allowing users to borrow against their crypto assets at competitive interest rates without early repayment penalties.
• OTC Loans: If you’re making large trades or need higher liquidity, HTX’s OTC loans are designed for bigger financial moves, helping you scale your trading strategy.

• Rewards Hub: Participate in daily opportunities to win crypto and other rewards by completing tasks like depositing funds and trading assets.
• HTX Token: Holding HTX tokens comes with multiple benefits, including reduced fees and staking rewards. Plus, HTX offers exciting airdrops, particularly for users within the TRON network, allowing you to grow your assets even further.
• HTX Academy: Provides educational resources through HTX Learn and Futures Academy to help users understand trading basics and advanced strategies, elevating their trading expertise.

‍

Is HTX Safe?

HTX takes security and compliance seriously, the platform uses multi-factor authentication, stores assets in cold wallets, and follows a "Zero Trust" security model to limit access to sensitive information. It is also transparent with its users through its Proof of Reserves system, which ensures that all funds are backed 1:1.

When it comes to regulation, HTX has secured licenses and registrations across key global regions:

• Lithuania: Registered as a Deposit Virtual Currency Wallet Operator and Virtual Currency Exchange Operator.
• Dubai: Holds an Initial Approval of a Full Market Product (FMP) License from VARA.
• British Virgin Islands (BVI): Licensed under the SIBA Investment Business License for custody and operation of an investment exchange.
• Australia: Registered with AUSTRAC as a Digital Currency Exchange Provider.
• South America: Licensed for payment and remittance services.

HTX also complies with international security standards like ISO 27001 and SOC 2, further demonstrating its commitment to protecting user data and assets. Additionally, the platform enforces robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures.

‍

‍HTX Fee Schedule

HTX has designed its fee structure to reward users who trade in high volumes, offering reduced rates as trading increases. 

‍

Trading Costs

HTX follows a maker-taker model where fees are reduced as your trading volume grows.

• Spot Trading Fees: For users trading less than $50,000 in 30 days, maker fees start at 0.1%, and taker fees begin at 0.2%. As your volume increases, these fees drop, with users trading more than $15 million enjoying a 0% maker fee and a 0.04% taker fee.
• Derivatives Trading Fees: For users trading less than $1 million monthly, maker fees are 0.02%, and taker fees are 0.04%. High-volume traders dealing with over $50 million per month can benefit from a 0% maker fee and a reduced taker fee of 0.025%.
• HTX Token Discounts: Users who hold and lock a significant amount of HTX tokens can enjoy further reductions on their fees, potentially dropping them to 0% for makers and discounts on taker fees as well.

‍

Deposit and Withdrawal Charges

• Crypto Deposits: Most crypto deposits are free.
• Crypto Withdrawals: Fees vary by asset, with standard blockchain network fees applied.
• Fiat Deposits: Deposits via bank transfer are generally free, but deposits made via credit or debit cards may carry a fee of up to 4%, depending on the region.
• Fiat Withdrawals: Typically free for bank transfers, though certain regions may have varying fees.

HTX periodically reviews and updates its fee schedule to remain competitive and provide the best possible trading experience for its users.

‍

What is HTX DAO?

HTX DAO is a decentralized autonomous organization that fosters transparency and community-driven governance within the HTX ecosystem. By holding HTX tokens, members can initiate proposals, vote on community decisions, and influence the platform’s direction. HTX DAO offers exclusive benefits like high APY through liquidity mining and staking. 

Users can earn up to 30% APY by adding liquidity or locking up HTX tokens for additional rewards. The DAO’s community autonomy ensures that decisions are made collectively, allowing members to actively participate in shaping the future of the HTX ecosystem while reaping rewards for their contributions.

‍

Bottom Line

In conclusion, HTX is a crypto exchange offering over 700 digital assets and a range of trading options, from spot to futures and derivatives. With strong security measures, regulatory compliance, and Proof of Reserves backing all funds, it provides a secure platform for traders. Beyond trading, users can earn through staking, liquidity mining, and other financial products.