Сryptocurrency exchange HTX (Huobi)

Huobi Exchange (HTX, 火币网), founded in 2013 by Chinese entrepreneur Leon Li, is a highly-regarded platform featured prominently in ratings of reliable crypto exchanges. It has received high evaluations from professional traders. As per platform statistics, over 490,000 users joined Huobi in January 2024. With a total trading volume of $1.7 billion, Huobi stands out as a proven exchange in the crypto landscape. Below is a detailed overview of the platform's features and functionality.

Huobi Exchange provides everything users need for seamless cryptocurrency trading. Here's what sets it apart:

• Support for Popular Coins. The platform allows trading of leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), and Solana (SOL), alongside numerous altcoins.
• Efficient Trading Bot. HTX (Huobi) offers an automated trading bot, which supports both default and customizable settings. This tool is designed for simplicity, making it accessible even to novice traders.
• Earn Interest on Balances. Huobi users can earn interest on their crypto holdings. Rates vary by currency: 1.5% for TRX and up to 3% for BTC, for example. This option is available for almost all tokens listed on the platform.
• Crypto Loans. The exchange provides crypto loans in USDT and other tokens. Interest rates are typically lower than traditional banks, with ETH loans starting at less than 2%.

One of the features of the platform is commission-free currency exchange. Huobi allows users to exchange crypto without trading fees. Swapping cryptocurrencies directly incurs no commissions, offering an efficient way to manage assets.

To exchange, buy, or sell cryptocurrency on HTX (Huobi), users need to complete the Huobi registration process, verify their account, and fund their balance. Here's a step-by-step guide to get started:

To go through HTX (Huobi) Registration, you have to:

1. Visit Huobi Exchange's official website.
2. Click on the “Sign Up” button.
3. Choose your preferred registration method.
4. Fill in the registration form with the required details.
5. Click “Next.”

You'll receive a verification code via email or mobile (depending on your registration method). Enter the code, set a password, and click “Begin Your HTX Journey” to complete the process.

Note! After registering, you can immediately fund your account and buy cryptocurrency. However, completing verification is recommended to increase transaction limits and enhance account security.

To complete the verification process, follow these steps:

1. Go to the HTX website.
2. Click on the profile icon at the top of the screen.
3. Select the link in the verification block.
4. Click the active "Verify Now" button.

The basic verification process consists of two stages. In the first stage, the user will be asked to provide their full name and date of birth, which will enable cryptocurrency withdrawals with a daily limit of 5 BTC. In the second stage, users must upload photos or scans of a valid identification document such as a passport, ID card, or driver's license. This will increase the withdrawal limit to 200 BTC per day.

In addition to the basic Huobi account verification, there is an extended verification, which requires users to confirm their place of residence by submitting a bank statement or utility bills from the last 3 months. This significantly increases the withdrawal limits, raising them to 3000 BTC per day.

There is also an Investment Capability Assessment process, essentially an advanced version of the verification, which grants the ability to conduct operations in fiat currencies that are unavailable with regular identity verification.

To perform Huobi login, follow these steps:

1. Click "Log In" on the Huobi website.
2. Choose the preferred login method.
3. Enter your username and password.
4. Confirm the action.

You can log in either by phone or email. The difference between these options is that for phone login, you need to use your mobile number, while for email login, you use your email address.

Traders also have the option to log in using a QR code. This requires scanning the code with the mobile app, where the user must already be logged into their profile. Additionally, fingerprint login is available in the mobile app.

There is an option for separate login into a subaccount without logging into the main account. This is done under the "Sub-Account" tab, where you will need to provide the subaccount details and the master password.

If a user cannot perform the Huobi exchange login because they forgot their password, they can recover access to their profile. To do so, click on "Forgot password?" in the login menu, enter the email or phone number, and click "Submit." A code will be sent to your number or email — enter this code on the platform’s website to set a new password.

Attention! After changing login credentials, the user’s access to P2P will be blocked for 24 hours to ensure the account has not been compromised.

To access your personal account, click on the icon representing a human figure at the top of the screen. The account consists of the following sections:

• ID Verification. Here, you can initiate identity verification. This section will remain visible until the verification process is fully completed, after which it disappears.
• Two-factor Authentication. You can set up additional security features such as email, phone, and Google Authenticator verification. You can also link your Google, Apple, or Telegram account for enhanced protection.
• Security Password Management. This section allows you to set a payment password, and anti-phishing code, and configure emergency contacts and beneficiaries.
• Personal Settings. In this section, users can select their currency, set confirmation parameters for orders, and enable fast withdrawals without network confirmation.
• Self-service. Here, you can request transaction details for deposits, withdrawals, transfers, and trades. A request must be submitted to obtain the relevant information.
• Notifications. You can activate marketing notifications via email and set their language. Available languages include English, Chinese, French, Turkish, and several others.

There is also an Authorization Management section in the personal account, where traders can see who accessed their account, when, from which device, and the IP address used.

To use a deposit Huobi option, follow these steps:

1. Log in to your account.
2. Click "Assets" on the main page.
3. Select "Deposit."
4. Choose the cryptocurrency and network.
5. Click "Send Deposit Address."

Afterwards, a QR code and the cryptocurrency wallet address will appear on the screen. The wallet address will also be sent to the email linked to your account. Send your tokens to this wallet.

Fiat deposits on the exchange are only supported after completing identity verification with a passport. To deposit fiat, go to the "Buy Crypto" section, select "Deposit Fiat," enter the payment method, bank details, and amount, and confirm the payment.

You can also exchange cryptocurrency for traditional currency via the Huobi P2P function by trading with another user. The exchange is available only after completing the verification process. The required verification level depends on the order type: in some cases, you will need the Investment Capability Assessment, while in others, ID Verification is sufficient. The initial status, where the trader does not provide a passport or ID, provides very limited access to fiat currency operations — it is allowed only for specific requests, making up only 1–2% of the total requests.

Attention! Most P2P orders on the exchange come from Chinese users and require payment through Alipay, so to facilitate the exchange, you will need to set up an account in this payment system.

The withdrawal process on the exchange is somewhat inconvenient. Its main drawback is that fiat currencies are not supported — withdrawals can only be made in cryptocurrency. However, the process itself is not complicated, so even beginners will have no problem figuring out how to withdraw money from Huobi. To withdraw funds, you need to:

1. Log in to your account.
2. Click "Assets" on the main page.
3. Select "Withdraw."
4. Choose the desired cryptocurrency from the list.
5. Specify the network.
6. Enter the wallet address.
7. Enter the amount.
8. Confirm the action.

The ability to withdraw fiat is only available after passing the verification process. Importantly, fiat withdrawals are not possible through standard methods — they must also be done via P2P by making a deal with another user. To withdraw fiat, you will need to:

1. Log in to your account.
2. Click "Buy Crypto."
3. Select "P2P."
4. Choose an order from the list.
5. Click "Buy" next to the order.
6. Confirm the purchase.
7. Transfer cryptocurrency to the counterparty.
8. Click "I've paid."
9. Wait for the fiat transfer from the counterparty.

Additionally, you can create your own buy orders for fiat currency with crypto, but these will only be available after completing the passport verification process.

The cryptocurrency exchange offers its clients convenient mobile applications for both Android and iOS devices. The Android version can be downloaded directly from the exchange’s website or from the Play Market, while the iOS version is available on the App Store. The software is completely free of charge. It provides traders with the same functionality as the desktop site, along with several additional features.

One of the key features of the HTX Android app is its enhanced security compared to the web version. The app offers two options for additional login protection.

The first option is Pass Key, a special cryptographic key generated on the user’s device. This key prevents access to the app from other devices and allows login to the account without entering a password. The second protection tool is fingerprint authentication. Both options will be offered for setup upon the first launch of the app.

The main advantages of the Huobi crypto app on iOS are its smooth performance and fast responsiveness. These features ensure maximum comfort when interacting with the app and make trading more efficient, especially in fast-paced environments where traders need to react quickly to price fluctuations.

The exchange does not offer software for PCs. Trading from a computer is only possible through the official platform website. It includes all the necessary tools for trading, some of which become available immediately after registration, while others are accessible after completing the verification process.

One of Huobi’s standout features is its minimal fees. Charges are applied only to the following operations:

• Spot trading.
• Futures trading.
• Crypto loan issuance.

Below is the detailed breakdown of Huobi trading fees:

Depositing fiat currencies on Huobi incurs a fee ranging from 0.99% to 2.49%, while cryptocurrency deposits are free of charge. Withdrawals in tokens, P2P operations, and token exchanges are not subject to fees.

In addition to standard trading functions, Huobi Exchange offers several special options unrelated to direct trading:

1. Earn Program. Allows users to invest and earn from unused assets.
2. Crypto Loans. Borrow cryptocurrency for trading activities.
3. Token Swap. A quick and convenient token exchange tool.

Holders of the platform’s native HTX token enjoy exclusive privileges, including reduced fees and priority access to certain features.

Huobi provides a full suite of trading options, including spot trading, futures, and derivatives. Users can even employ a trading bot, customizable to execute trades based on predefined parameters.

Spot trading on the Huobi trading platform is accessible through the “Trade” section. The platform supports all major tokens and a wide variety of altcoins.

There are some key features of spot trading, such as a special mode that allows combining spot and futures trading. Also, funds in the Huobi earning program can be used for spot trading without compromising their interest accrual.

The platform supports various order types to accommodate different trading strategies:

1. Limit Order. Users set the maximum acceptable buy price or minimum sell price.
2. Market Order. Executes immediately at the current market price.
3. Stop-Limit Order. Triggers when a specified price is reached, with purchase limits up to 110% and sell limits starting at 90%.
4. Trigger Order. Similar to stop-limit orders but without price restrictions and with additional functionalities.
5. Advanced Limit Order. Features three execution policies: Maker-Only (Post Only), Fill All or Cancel All (Fill or Kill), Fill Immediately, and Cancel Remaining (Immediate or Cancel).

Also, there is a trailing order that activates based on significant market corrections.

The Huobi crypto exchange platform supports USDT-M and Coin-M futures, as well as options trading. Perpetual contracts come with the following features:

• No delivery date.
• Support for long positions and short sales.
• Leverage up to x125.

Important! Perpetual contracts on Huobi only support limit orders, trigger orders, and instant trade closures.

Huobi prioritizes user security by employing robust encryption tools to protect client data from third-party access. Security features include:

• Two-factor authentication (2FA).
• Session Monitoring.
• Biometric login via fingerprint authentication in the mobile app.
• Pass Key: A cryptographic tool enhancing account protection.

Huobi promo campaigns include bonuses, loyalty rewards, and token giveaways. Prizes are typically issued in USDT, with a generous Huobi sign-up bonus available for new users.

Promotional events often require users to complete specific tasks. Examples include:

• Margin trading contests for Bitcoin.
• Altcoin margin trading competitions.
• Meme coin trading contests.

These events are frequently tied to the listing of new tokens. Participation typically requires meeting a trading volume threshold, with prizes awarded to the top three participants based on evaluation criteria such as trading volume and profit.

New and existing users benefit from Huobi’s incentive programs. New users can claim a Huobi sign-up bonus by completing specific actions on the platform. Below is a table outlining the rewards for these actions:

Huobi frequently organizes time-limited challenges that offer users the chance to earn a Huobi bonus. These challenges often involve meeting specific trading volume targets within a set timeframe, applicable to any token.

The Huobi referral program allows existing users to invite new customers using a Huobi promo code or a special referral link. New users who register via these invitations receive several benefits:

1. Reduced Trading Fees: Discounts on fees for the first 3 days.
2. Loyalty Program Boost: Temporary upgrade to Prime Level 3 for one week.
3. Additional Bonus: A reward of up to 5672 USDT.

The referrer earns 30% to 60% of the trading fees paid by the referred users, making this program mutually beneficial.

The Huobi VIP Program is open to all registered users. Participants can earn cryptocurrency rewards or exclusive benefits by completing periodic tasks, such as:

• Trading activities.
• Making deposits.
• Referring friends to the exchange.

Program participants are assigned a Prime Level, which determines the volume and quality of rewards. New users start at Level 0, with minimal privileges, but can upgrade their status through consistent activity on the platform.

You can contact the exchange's support in two ways: via the online chat on the platform's website or through the Huobi support email at htxsupport@htx-inc.com. The support team responds quickly and efficiently to resolve any issues that clients may encounter, making their service highly reliable.