Whether HTX review are reliable or not is always something that every trader must find out before trading. HTX is currently one of the most popular virtual currency exchanges in the world. Daily trading volume can reach billions of USD. At the same time, HTX ranks in the top 10 derivatives exchanges according to Coinmarketcap. The following article from Crypto Trading will help you have a more general overview of the exchange. Let’s follow along!
HTX review the reputation of the exchange
History of the formation of HTX exchange
HTX was founded in September 2013 in China. This is a notable cryptocurrency exchange today. And also one of the leading exchanges in China. Accounts for nearly 90% of all Bitcoin transactions and ranks top 3 exchanges in the country.
This exchange was founded by Leon Li, who is also the CEO of HTX Group. He is an alumnus of the Department of Automation at Tsinghua University. Used to work as a computer engineer for the world’s largest database provider Oracle.
Initially, HTX operated under the domain HTX.com and focused mainly on the market in China. However, as the Chinese government tightened regulations on cryptocurrency exchange operations, HTX adjusted its strategy and expanded its operations to the global market. The exchange changed its name to HTX Global and used the domain name htx.com. Currently, the HTX exchange is focusing on potential markets in Asia. HTX offices are present in Japan, Korea, and Hong Kong and are headquartered in Singapore.
With more than 500 active markets and 90 cryptocurrencies listed on the exchange, HTX is currently one of the largest exchanges in the world by trading volume.
>>See more: How to HTX global login account on the phone
HTX with impressive numbers
Currently, rumors of HTX collapse appear on many forums. To verify whether the rumor is true or not, let’s take a look at the HTX review with the following impressive numbers:
- More than 500 quality digital assets are listed.
- Trading volume within 24 hours can be up to 5,189,343,392 USD (as of 19:28 June 20, 2022).
- The security reserve fund has 20,000 BTC and during the past 9 years, this fund has not encountered any problems.
With more than 10 million users and more than 200 regional service centers, HTX has become the preferred choice of many traders in the market. Users can trade anytime, anywhere with the HTX app. HTX platform supports many platforms, including IOS, Android, API, MacOS, Windows, and many others.
In addition, HTX also builds a large investor community. This allows them to discuss the market and provide a place to learn. Thanks to that, they help them invest more effectively through the HTX Learn project.
Achievements of US’s HTX
Positive achievements are also an important criterion for evaluating the reputation of the exchange. Let’s take a look at some of the impressive results this exchange has achieved:
- April 2014: Became the world’s largest cryptocurrency exchange. With the real trading volume of the exchange reaching more than 20 billion dollars.
- October 2017: Expanded global scale and established HTX Korea.
- April 2018: Successfully cooperated with 20 organizations to build the model “Classification evaluation characteristics for distributed information systems and blockchain” in China.
- September 2018: Received exchange license for Korean HTX. Along with that is Gibraltar Europe’s DLT license for HTX China.
- January 2019: Received investment from Danal Group, and achieved ISO 27001 certification for Korean HTX.
- Successfully established an ecosystem and organized the world’s first ministerial-level Blockchain forum.
- Join the international blockchain non-profit organization BEGIN.
- Received IMS organizational information security management system certificate from the Korean Internet and Security Agency.
From the above achievements, we can answer users’ questions about whether is HTX legit. Thus, users can feel secure when choosing to trade on the HTX exchange.
HTX reviews outstanding features
Tools to support transactions on the HTX exchange
- HTX owns more than 400 cryptocurrencies, including Tokens and Altcoins.
- The average transaction fee is about 0.2%, which is suitable for the majority of traders globally.
- Trading on HTX takes place smoothly on all platforms and devices. These include Mac, Windows, iOS, and Android.
- The exchange’s interface is considered friendly and professional with Tradingview providing intuitive charts.
- HTX supports leveraged trading (Margin Trading).
- The exchange uses modern security technology to ensure the safety of user information. Including 2FA and SMS to authenticate transactions, all confirmation information is sent via Email.
- Supports multiple languages, including English, Korean, Chinese, Japanese, and American.
- Meticulous customer care on social media platforms, websites, and via email. In particular, HTX has established a separate community for American investors.
Evaluate the passive profit earning feature HTX Earn on the HTX exchange
HTX Earn offers a variety of investment and wealth management products. This helps users generate passive income from their holdings. This is the strength of HTX, especially the variety of available Earn products.
Currently, there are a total of 39 assets available to unlock with flexible or fixed-term options. Includes 14 days, 30 days, 90 days, 180 days and 365 days. The daily earnings (APY) of these products range from 0.4% to 200%.
Although the Earn part of HTX is increasingly improving. If passive income is the most important factor in choosing the best exchange, Binance is now leading the way in offering more Earn products and supporting a wider selection of tokens.
HTX review is information security quality
For cryptocurrency trading platforms, security issues are always of special concern to investors. According to HTX review, during 9 years of operation, HTX has maintained a record of safety and security. This exchange has not had any incidents until now. This is done through security systems along with optimal risk management. Our security system is highly rated and includes:
- The security reserve fund has an amount of up to 20,000 BTC. This fund is used to secure insurance policies for customers in the event. This brings peace of mind to users when participating in the HTX exchange.
- The ability to control a DDOS attack is achieved through a decentralized exchange structure.
- HTX’s security system was developed by Goldman Sachs. This is a multinational investment bank, that ensures the integrity and security of the exchange.
- 2-layer security is implemented through the use of 2FA and SMS. Aims to authenticate user information, along with authentication via Email.
- The exchange performs continuous security monitoring 24/7. This helps ensure the security of user data and accounts.
>>>See more: Is the HTX scam real? Necessary information to avoid risks
Summary of HTX review from experts
On the market today, there are many diverse cryptocurrency exchanges such as Binance, Remitano, Gate,… To decide to use it as an official exchange, users need to clearly understand its strengths and weaknesses. Weaknesses of this platform:
Advantages of HTX exchange
- High liquidity: HTX is one of the most liquid exchanges, with daily trading volume often in the billions of dollars. The exchange has many years of experience in operating transactions.
- HT Token: HTX has issued its token called HT, similar to Binance’s BNB. This creates an additional convenience for users when using the exchange.
- Trading diversification: HTX has developed many different trading features to meet the diverse needs of investors, including Margin, Option, OTC, Futures,…
- Support on multiple platforms: Users can experience trading on HTX from any device, including IOS, Android,… The sub-account product helps manage multiple accounts easily.
- Multi-language support: HTX’s trading platform is available in multiple languages, making it convenient for global users.
Some shortcomings that HTX needs to overcome
- Customer support needs to be improved to ensure better quality.
- The web platform is currently not fully featured compared to the mobile app.
- Transaction fees are still average, not among the lowest on the market.
- Support for direct deposits and withdrawals with RUB is currently not available, users can only trade through the OTC (P2P) market.
- If you do not own the exchange’s HT token, the transaction fee will be very high.
Notes when trading on the HTX exchange
- For users in the US, the American language should be set. This is to make it easier to follow and understand the rules, principles, and terms. At the same time, it also helps avoid violations and losses to yourself.
- Visit the website using the official domain supported in your country.
- If you are concerned about the 0.2% fee, consider converting your cryptocurrency to HT to enjoy lower transaction fees.
- If you want to withdraw money after a successful investment and request account verification, remember to do verification so that the money does not stay in the account for a long time.
- In case you lose your 6-digit 2FA code in the Google Authenticator app. This is an important 2-layer security layer to protect your account. If you lose this code, you can use the 16-digit passcode to recover. If you do not have this key code, you can go to the Online Customer Service Center through the chatbox on the HTX website/app to receive 24/7 support.
Conclude
From the above HTX review, it can be seen that this is a reliable exchange if you are planning to enter this market. However, you also need to consider and research effective investment techniques before participating, because cryptocurrency is still a risky market. Hopefully, this article from Crypto Trading has helped you have a better overview of the trading platform.
FAQ
In which country does HTX operate?
HTX Exchange operates in different countries and regions globally. However, this exchange imposes some restrictions on some countries and regions. Users should check the list of supported countries on the official HTX website.
How to register an account on HTX?
To register an account on HTX, you need to visit their website and click on the “Register” option. You will then provide personal information and must verify your identity to complete the registration process.
What cryptocurrencies does HTX support?
Supports various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and many more.
