HTX Global is one of the popular cryptocurrency exchanges and receives a lot of attention. However, trading in the cryptocurrency market can still pose many risks. Therefore, it is necessary to find out information about HTX and the reputation of the exchange. Let’s follow the detailed reviews of this trading exchange in the final article of Crypto Trading!
Learn about HTX Global crypto exchange
When was HTXGlobal established?
HTX was born in 2013 under the founder of Chinese businessman Leon Li. Initially, this platform operated in the Chinese market. The latter quickly became one of the largest cryptocurrency exchanges in the country.
However, in 2017, the government decided to ban the operation of cryptocurrency exchanges. This has forced the HTX to look for new opportunities. They navigated the HTX exchange to international cryptocurrency markets. At the same time, they have expanded their operations in other countries.
Currently, the exchange HTX has developed and expanded its network to more than 130 countries and territories worldwide. With rapid growth, the HTX has achieved an enormous level of prestige. Currently, HTX Global is one of the leading cryptocurrency exchanges globally.
>>See more: What is HTX meaning? Detailed information about you know
What should we pay attention to about the Crypto Trading exchange?
Operating principles and regulations of HTX Global
HTX Global is similar to other cryptocurrency exchanges. The exchange follows operating principles and regulations to ensure security and transparency. To provide users with an effective and quality trading platform. Below are some basic operating principles and regulations that HTX exchanges often apply:
- Legal Compliance: HTX exchanges must comply with all relevant laws and regulations. This includes ensuring compliance with cryptocurrency, tax, and financial regulations.
- User authentication: HTX exchanges often require users to authenticate their identities before making large transactions or withdrawing money from their accounts. This helps prevent fraud and ensures the authenticity of transactions.
- Asset storage: HTX exchange can store users’ cryptocurrencies in cold wallets to ensure the safety of assets. Offline storage helps protect cryptocurrencies from cyber attacks.
- Transparency: HTX exchanges often provide information about trading pairs, prices, and trading volumes. This helps ensure fairness and avoid fraudulent practices on the exchange.
- Transaction fees: The HTX exchange will notify transaction fees. Including buying/selling fees, withdrawal fees, and any other fees that may arise during the transaction process.
Notable policies of the HTX exchange
The HTX claims that it has adopted leading security and risk control measures. This platform was built and developed by the Goldman Sachs Group. At the same time, they have also created a decentralized exchange structure. Aimed to reduce the impact of dedicated denial of service (DDoS) attacks on their databases.
HTX also implements a series of security procedures to ensure the safety of users’ personal information. Prevent hackers from accessing their accounts. These security measures include two-factor authentication (2FA), via Email and phone number.
In addition, 98% of the exchange’s funds are stored in cold wallets. The has introduced the HTX User Protection Fund with a 20% deduction from revenue. Accordingly, this exchange will use 20% of net revenue to buy back HTXTokens and put them into the fund. The HTX also committed to storing 20,000 Bitcoin in this reserve. To deal with security incidents and compensate for losses arising from any security-related issues. This is a preventative measure that helps the HTX have the ability to refund users.
Why is HTX Global trusted by many crypto traders?
Before entering a transaction, traders should learn information about the exchange. The following are the reasons why HTX Global is trusted and chosen by many users:
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HTX Global and futures contract trading
Why should you experience Future products?
Experiencing Future products, that is, trading futures contracts has several benefits and reasons that users are often interested in. Here are some reasons why you should experience Future products:
- Profit from both rising and falling prices: Futures trading allows you to make money not only when prices rise but also when they fall. You can buy the contract to bet on the price going “long”. Or you can also sell the contract to bet on a “short” price decrease.
- Using Leverage: Futures contracts often allow you to use leverage. That means you can trade with a small amount of capital compared to the actual value of the contract. This can maximize profits if you are right about the direction of price movements.
- Product diversity: HTX exchange offers futures contracts for many different cryptocurrencies. Allows you to trade across multiple markets and diversify your investment portfolio.
- Flexibility: Futures trading typically takes place 24/7. To help you enter the market at any time that suits you.
- Convenience and efficiency: Futures trading often takes place online. This makes it easy and effective for you to participate from anywhere with an internet connection.
What types of futures contracts does HTX Global have?
HTX provides a variety of futures contracts to serve users’ trading needs. Below are some types of futures contracts that HTX Global often offers:
- Coin-Margined Futures: This is a type of futures contract where you trade directly with the underlying cryptocurrency. Such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many other cryptocurrencies. This type of contract requires the trader to provide the underlying cryptocurrency to open a trading position.
- US Dollar Futures (USDT-Margined Futures): This is a type of futures contract where you trade using USDT. This is a cryptocurrency linked to the US dollar. Instead of betting with cryptocurrency, you use USDT to open a trading position.
- Cross-Margin Futures: This type of contract allows the assets in your account to be used to support different positions. This helps manage risks effectively but also requires vigilance towards risks.
- Other types of futures contracts: In addition to basic futures contract types, the HTX can offer custom futures contract types. Or there may be other special features depending on the market and user needs.
Summary of information about futures contracts on the HTX exchange
HTX Global is a leading cryptocurrency exchange and provides futures trading services to the cryptocurrency trading community. Futures contracts at HTX allow users to trade many different cryptocurrencies. Take advantage of the advantages of leveraged trading, from price volatility and risk protection. Supported assets include the underlying cryptocurrency and the US dollar-related cryptocurrency. HTX offers different types of futures contracts to meet users’ needs and trading goals.
Futures contract trading fees: The basic fee for investors trading this derivative product is 0.02% for maker orders and 0.03% for taker orders. These fees apply to all cryptocurrencies. If you upgrade your account to a VIP level, you will enjoy reduced trading fees.
The HTX allows the implementation of a variety of strategies
The level of leverage creates conditions to increase the profits of the HTX
Leverage level is an important factor in facilitating increased profits on the HTX Global platform. Leverage allows users to leverage relatively small amounts of capital to engage in transactions with a larger asset value. Here’s how leverage can facilitate increased profits:
- Maximize Profits: Leverage can significantly increase profits. For example, if you use 10x leverage, each point increase/decrease in the underlying asset will be equivalent to a 10 10-point increase/decrease in the futures contract. This can increase profits if you are right about the direction of price movements.
- Maximize Risk: However, leverage also creates high risk. Large levels of leverage can lead to large losses if the market moves against you. Therefore, risk management is important when using leverage.
- Managing Investment Capital: Using leverage requires you to manage your investment capital carefully. This includes determining the appropriate level of leverage and being willing to accept the corresponding risk.
- Understand the Market: Before using leverage, you should understand the market and the factors that affect asset prices. This helps you make smarter trading decisions.
Copy Trading on an HTX platform helps make transactions more convenient
Copy Trading on the HTX exchange is a feature that helps users copy and participate in transactions. Execution is based on the strategies and performance of experienced traders. This brings many advantages and conveniences, including:
Advantages of Copy Trading on HTX
- Convenient for newbies: Especially useful for those who are new to cryptocurrency trading. Copy Trading helps them save time and effort to research and develop their strategies.
- Save time: Traders do not need to constantly monitor the market. Users can copy trades of good performers they trust.
- Learn from experience: Newbies can learn from experienced traders by observing and copying their trades. This helps them develop their trading knowledge and skills.
- Risk Diversification: Copy Trading allows users to diversify their investment portfolio by copying many different traders. This helps reduce the risk of a single strategy.
- Customized selection: Users have the power to choose specific traders to copy based on trading history, performance, and strategy.
- Join the community: Copy Trading on HTX Global often incorporates social features. It allows users to participate in the trading community. Here they can share their opinions and receive feedback from others.
- Suitable for busy people: Copy Trading helps busy people participate in the cryptocurrency market without having to spend a lot of time on research and transaction management.
Trade with the smart bot of the HTX exchange
Trading with Smart Bots (also known as automatic trading) on the HTX exchange is a modern method for investors to participate in the cryptocurrency market. Smart bots are programmed computer programs. Aims to execute automated trades based on certain rules and strategies. Below are some advantages related to trading with Smart Bot on HTX Global :
- Trading automation: Smart bots are capable of executing trades without human intervention. This saves time and reduces the stress associated with transaction management.
- Strategy Execution Ability: You can program the bot to execute specific trading strategies. Includes buying, selling, stop-loss, and take-profit. The bot will follow these rules precisely.
- Continuous trading ability: Bots can trade 24/7 without needing to rest. This will help you monitor the market continuously.
- Eliminate subjectivity: Trading with Smart Bots eliminates the factor of the trader’s personality and emotions. To help ensure objectivity in trading decisions.
- Fast and efficient: Bots can execute transactions quickly and efficiently. To meet high-speed transaction requirements in the cryptocurrency market.
Staking HTX Global to increase income
Staking on HTX Global is a way in which you can generate income by holding cryptocurrency in the exchange wallet and participating in the process of securing the blockchain network. Here are some important points about Staking on HTX:
- Motive of Staking: The main purpose of Staking is to secure the blockchain network of a particular cryptocurrency by holding and locking a fixed amount of cryptocurrency in a wallet. In this way, Staking participants are incentivized to participate in securing and maintaining the network.
- Income: By participating in Staking on HTX, you can receive rewards or profits from holding and securing the blockchain network. Income can be a fixed cryptocurrency or a percentage of income from contributing to the network.
- Cryptocurrencies: HTX supports Staking for many different cryptocurrencies. Includes popular coins like Bitcoin, Ethereum, and many other altcoins.
- Staking Period: The time you have to lock up your cryptocurrency during the Staking process may vary depending on the cryptocurrency and blockchain network. There are short-term and long-term stakes for your choice.
- Risk: It should be noted that participating in Staking may come with a level of risk. The value of the cryptocurrency you are staking may fluctuate and stable profits are not guaranteed. Please understand the risks before participating.
Can I download the HTX Global App on my phone?
The HTX Exchange supports users with a special application, which is the HTX Global App. Users can completely download the App to their devices to trade. Downloading the HTX App when transacting depends on personal situation and necessity. Here are some benefits:
- Convenience: The app allows easy cryptocurrency trading on your phone or tablet, providing time flexibility.
- Information integration: HTX App provides trading tools and documents to help you understand the market and make investment decisions.
- Account tracking: Manage trading accounts directly from the application.
- Security: The application has a strong security layer to protect your personal information and assets.
>>See more: How to HTX global login account on the phone
Instructions for downloading the HTX Global app for newbies
For iOS operating systems, you can find and download applications by opening the App Store. Then search for “HTX” in the search bar. After finding the application, you just need to click the “Install” button. Now you just need to wait until the download process is completed.
In the case of using the Android operating system, do the same by opening the CH Play store. Then, search for “HTX” using the search bar. Next, you just need to click on the “Install/Install” option to download the application to your device.
How is the HTX Global app used?
Log in to your HTX Global account on the app
After downloading the HTX App. Traders just need to open the newly installed HTX application. Then, enter the correct login information including username and password. Note, you need to enter correctly and avoid entering incorrectly multiple times. This may result in your account being locked.
If you do not remember your login password, you can now click on “Forgot password” to proceed with the steps to retrieve a new password.
How to place orders with the HTX Global app
Step 1: Select the “Trading” tab and click the square icon in the top corner of the screen to select a market. Then, choose the currency you want to trade.
Step 2: For example, to select the trading pair “HT/USDT,” select the market “USDT” and enter “HT.” A list of corresponding currency pairs will appear, and you just need to click on “HT/USDT.”
Step 3: Now, you will see the interface to place buy or sell orders. Select “Limit” to use basic commands. To buy, enter the quantity and price in the left box under “Buy.” To sell, enter the quantity and price in the right box under “Sold.” Note that you can select buy or sell orders that others have placed for quick trading.
Buy order (blue): The top buy order has the highest price. Click this order to adjust the quantity and price, then click “Sell” to complete.
Sell order (red): The top sell order has the lowest price. Click this order to adjust the quantity and price, then click “Buy” to complete.
Smart ways to trade on the HTX exchange that you should know
What should we pay special attention to on the HTX exchange?
When trading on the HTX Global, users need to pay attention to the following contents:
- Users in the US should implement American language settings on the trading platform. Intended to make it easier to read and understand the rules, principles, and terms. This will help avoid violating the exchange’s regulations and avoid losses for yourself.
- Make sure to access a supported domain in your country for secure transactions.
- You should consider the 0.2% transaction fee and consider converting cryptocurrency to HT to reduce transaction fees.
- To avoid difficulties when wanting to withdraw money after a successful investment, users need to verify. Withdrawals are possible only after the account has been verified. If not authenticated, the money cannot be withdrawn from the account.
- In case of losing the 6-digit 2FA password in the Google Authenticator application, users need to use the 16-digit key to unlock. If they don’t have the key, they can contact 24/7 support through the chatbox on the website. In addition, you can contact the HTX application at the Customer Service Center for support.
Maximize the opportunity to seek profits from HTX Global
To be able to collect maximum profits, in addition to making HTX connect, users can participate in exchange promotions. HTX offers several programs that users cannot miss:
- Make money on HTX with the “Invite Friends” program
- Passive profit earning feature on the HTX exchange through HTX Earn:
HTX Earn offers a variety of investment and asset management products. To help users have more ways to generate passive income from the assets they hold. What is especially striking about HTX is the variety of Earn products they offer.
Currently, there are a total of 39 assets available for you to lock up for flexible or fixed periods such as 14 days, 30 days, 90 days, 180 days, or 365 days. Interest rates (APY) for these products range from 0.4% to 200%.
- “Dual investment” feature of HTX Global :
This is a completely personalized investment product. It does not follow the main capital protection principle and involves two currencies. When participating in the “Dual Investment” feature on HTX, you have the opportunity to earn profits immediately. During the transaction, one of the two currencies will be refunded. This product also comes with a “Purchase Options” feature designed to minimize exchange risk. Although it can affect profits by reducing margins.
Besides trading, users can become partners of the HTX
HTX is one of the leading cryptocurrency exchanges. It offers a partner program to its users. HTX exchange allows users to become partners through their partner program. Below is some general information about the HTX partner program:
- Profit Sharing: Users can earn profits by introducing new users to the HTX connect exchange. You will receive a percentage commission based on the transactions of the users you refer.
- Tools and support materials: The HTX provides tools and support materials to partners to help them monitor and optimize the performance of their partner program.
- 24/7 Support: HTX partners have access to 24/7 customer support to resolve their issues and questions.
- Many partner levels: The HTX has many partner levels, from typical partners to senior partners. Depending on your activity and revenue, you may be promoted to higher levels.
Participate in the exchange’s regular trading programs
Participating in regular trading programs on the HTX is how users can take advantage of the incentives and opportunities that this exchange offers. Here are some examples of commonly traded programs that HTX Global can offer:
- Trading Fee Discounts: HTX often offers trading fee discounts to users participating in their trading programs. This could be reduced trading fees or waived trading fees based on your activity on the exchange.
- Staking Programs: HTX may offer staking opportunities for specific cryptocurrencies on their platform. By participating in the staking program, users can receive dividends or rewards over time.
- Airdrops and Giveaways: The exchange can organize reward and giveaway programs for the user community. This may include receiving tokens or other rewards based on trading activity or participation in specific events.
- Referral Programs: HTX has a referral program in which you can receive bonuses when you refer new users to the exchange and they make transactions.
Conclude
Thus, the above article from Crypto Trading has provided everything about the HTX Global trading platform. Hopefully, with the above information, users will be able to update more knowledge about HTX. From there, you can trade on the exchange effectively and gain the highest profits. Wishing you traders great trading success with your choices!
FAQ
Which cryptocurrencies does the HTX support its users?
The HTX exchange supports a large range of different cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and many others.
What are the transaction fees for HTX?
Transaction fees on the HTX app depend on the type of transaction and your account type. Typically, trading fees on this platform can range from 0.20% to 0.25%.
How to deposit and withdraw money on the HTX?
To deposit and withdraw money from the HTX exchange, users can use many different methods such as bank transfer, credit card, or electronic wallet. However, deposit/withdrawal methods and methods may vary depending on your country and region.
