
Is HTX a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether HTX is a good crypto exchange to start trading with. In this article you will learn whether HTX is good for beginners, what its pros and cons are and what a novice trader needs to know.
HTX's Top Features for Beginners
HTX’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.
HTX | OKX | Kraken | |
---|---|---|---|
Demo account |
Yes |
Yes |
No |
Minimum deposit, USD or USDT |
Yes |
10 | 10 |
P2P exchange |
Yes |
Yes |
No |
Spot maker fee | 0,2 | 0,08 | 0,25 |
Fiat transactions |
Yes |
Yes |
Yes |
Bank cards |
Yes |
Yes |
Yes |
Commissions and fees | 7.25 | 9.25 | 6.2 |
Educational tools |
Yes |
Yes |
Yes |
Crypto bonuses |
Yes |
Yes |
Yes |
Staking |
Yes |
Yes |
Yes |
Copy trading |
Yes |
Yes |
Yes |
|
|
|
Why We Focused on Comparing These Beginner-Friendly Features:
Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.
Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.
P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.
Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.
Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.
Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.
Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.
Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.
Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.
Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.
Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.
Short summary about the broker HTX
HTX (Huobi) (pronounced “haw-be”; with “huo” meaning “hot” or “popular” and “bi” meaning “coin” or “currency” = “popular currency”) is a global cryptocurrency exchange that was founded in China but is headquartered in Seychelles. The work of the international company HTX started in 2013. The cryptocurrency exchange allows traders to carry out transactions with a variety of assets, including about 300 currency pairs and cross rates. There is no information on whether this company is licensed and the exchange hasn’t received any awards during its brief activity. More about the safety of cooperation with HTX.
💰 Account currency: | Account replenishment is possible in all currencies and cryptocurrencies provided by the exchange |
🚀 Minimum deposit: | 1 USDT |
⚖️ Leverage: | Up to 1:200 |
💱 Spread: | No |
🔧 Instruments: | Cross rates, currency pairs |
💹 Margin Call / Stop Out: | No |
HTX Pros and Cons
👍 Advantages of trading with HTX:
•a vast array of trading instruments;
•the minimum level is US$1;
•the site is integrated for clients worldwide.
👎 Disadvantages of HTX:
•lacks a demo account;
•few ways to contact support;
•the activities of the cryptocurrency exchange are not licensed or regulated by any authority;
•clients' financial assets are not protected by segregated accounts or compensation payments in the event of an exchange liquidation;
•there are no training materials or courses for users on its website.
Trading Conditions for HTX Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. HTX offers traders the following conditions.
Minimum deposit, USD or USDT | Yes |
Futures leverage | 200 |
Spot leverage | 3 |
Coins Supported | 701 |
Affiliate program | Yes |
Replenishment / Withdrawal | Cryptocurrency wallet |
Trading features | OTC trading |
|
HTX's Fees
We compared XXX's fees with the top two competitors to provide a clear understanding of how affordable the exchange is for its users.
HTX | OKX | Kraken | |
---|---|---|---|
Spot Taker fee, % | 0,2 | 0,1 | 0,4 |
Spot Maker fee, % | 0,2 | 0,08 | 0,25 |
Futures Taker fee, % | 0,05 | 0,05 | 0,05 |
Futures Maker fee, % | 0,02 | 0,02 | 0,02 |
Withdrawal fee | 0,0005 BTC 0,005 ETH | 0,0004 BTC 2,6 USDT | 0,0005 BTC |
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of HTX commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
Traders Union specialists checked the HTX cryptocurrency exchange for the presence of explicit and hidden fees. No hidden fees were found, and the trading fee for opening orders is 0.2%. The exchange does not charge users a trading fee for deposits or withdrawals, but be careful because commissions are often set by payment systems (Visa, PayPal, etc.)
Account type | Spread (minimum value) | Withdrawal commission |
Standart | $18 | Absent |
Investment programs of HTX
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. HTX offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
HTX’s Cryptocurrency Exchange aims to provide services for productive work. The company does not provide investors with the necessary programs to generate passive income (e.g., PAMM accounts, etc.). However, the exchange still allows users to make a profit from its affiliate referral program.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
HTX (Huobi Global’s) affiliate program:
HTX Referral Program. Any client of the company can join the program. The partner's task is to attract new users using an individual referral link. The partner receives a financial reward in the form of a 15% commission from all trading done by the attracted referral. The bonus is credited within 12 months.
The more clients a partner attracts the higher his commission. Thus, the user can make money with the exchange, even without being an active trader.
Conclusion. Is HTX good for beginners?
The HTX cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, HTX could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.