Is HTX legit or is HTX exchange a scam? These are the phrases that are being searched prominently on today’s platforms. So is the truth of these rumors true or false? Let’s join Crypto Trading and give the most objective assessment of the issue. Thereby drawing a conclusion as to whether the cooperative exchange is really reputable or not!
Answering questions: Is HTX legit?
The Crypto market has recently been receiving a lot of attention from users. Along with development, it also comes with false rumors about the reputation and safety of users. However, HTX has dispelled those rumors with its achievements and customer recognition.
The licenses demonstrate the reputation of the HTX exchange
Because HTX has provided the most reliable services to users, this exchange has continuously received registration licenses in operating regions. This includes Europe, Asia, America, and also countries in the Middle East, for example:
- DLT – Gibraltar Distributed Ledger Technology License.
- SIBA – Virgin Islands Investment Exchange Investment, Supervision, and Operation License.
- AUSTRAC Digital Currency Exchange Provider Registration in Australia.
- Or a license to register for Payment and Money Transfer Services in South America.
>>See more: HTX scam is real? Necessary information to avoid risks
Is HTX legit when it comes to building a customer protection fund?
HTX exchange also builds prestige in the minds of customers when building a protection fund when unforeseen events occur. At a finance and digital conference held in 2018, director Ethan Ng mentioned this issue. He called for actions and provided criteria to ensure the safety of user assets.
From there the Customer Protection Fund was started with a conservation fund worth 20,000 BTC. The User Protection Fund will include 20% of the amount of HTX that HTX has bought back. This construction is intended to solve problems related to customer assets and always put customers’ interests first.
What are the advantages of trading on the HTX exchange?
When users decide to participate and invest in HTX, they do not need to worry about safety issues but can also enjoy certain advantages:
- The HTX platform interface is designed to be intuitive, and easy to see and use.
- Multi-language support for all customers, limiting communication barriers.
- Providing most of the features a trader needs, access speed and order processing are instant.
- 98% of users’ assets are safely protected by cold storage.
- 2FA feature to encrypt account authentication information.
- Leading the IEO trend, bringing many achievements to users.
- The trading volume during the day is extremely large, creating many potential opportunities for traders.
- HTX operates based on the strict supervision of other reputable organizations.
Is the collapse of the HTX exchange a rumor or truth?
Recently, there have been rumors that the HTX exchange will collapse, this is a baseless rumor. Maybe it comes from some unnecessary misunderstandings of users. Or due to unfair competition from competitors in the industry.
Reasons why HTX exchange is a scam confusing users?
Through research, we were able to see many unforeseen problems that led to suspicion that is HTX hack. However, below are 2 of the most common reasons:
- HTX changes diverse domain names:
Diversity in domain names affects users’ continuous access. If traders cannot promptly grasp the changes, it will lead to confusion when they cannot log in to HTX. That makes users misunderstand that HTX is scamming customers’ assets.
- The HTX system is undergoing maintenance:
As you know, any system undergoing maintenance temporarily suspends activities on the platform. Therefore, the process of accessing and logging into HTX cannot take place. Although the exchange was announced through contact methods, due to carelessness, users did not pay attention, leading to the unfortunate misunderstanding above.
Warning about current forms of fraud on the HTX exchange
Currently, forms of fraud are becoming increasingly sophisticated, greatly affecting the reputation of HTX such as:
- Forms of investment fraud:
The offending party will use contact methods and entice them to join the working group. They will initially create trust with high-profit factors, then encourage users to deposit money and block.
- Impersonating and scamming friends:
Your friend’s account can be hacked and then impersonated to scam money. They even use AI to create videos to deceive users.
- Fraudulent transactions outside HTX exchange:
Fraudsters can gain trust with different identities to urge users to trade outside the exchange. This means paying first and transferring money later. However, after payment, your money will disappear completely.
- Fraud with fake coins and HT:
For the reason of profit sharing transaction, guide you to deposit ETH into your personal account. From there, fraud aims to appropriate your property.
Currently, HTXX does not have any off-exchange trading activities under other identities. So please verify the information through the official homepage before deciding to invest.
>>See more: Detail instructions on how to HTX login most accurately
Is the HTX exchange good? Evaluate the reputation of the Crypto Trading exchange
To find for yourself the answer to whether cooperative exchangeing is good or not. Readers can read and learn about HTX review data through the following terms:
Legal issue
Regarding legal issues, the Crypto Trading exchange is allowed to operate in the host country. Furthermore, the platform also received many licensing certificates and is under strict control by many financial institutions. Today, the HTX exchange has expanded its scale through many areas and has branches and offices of different sizes. This has partly shown the reliability of the exchange, while also creating more peace of mind for customers.
Review Is HTX legit is not based on the privacy policy and user agreement
Besides, HTX exchange also creates privacy policies and user agreement terms, solidifying trust for traders:
- Increase protection and prevent DDOS attacks.
- Store 98% of customer funds in cold wallets, highly secure, and difficult to attack by hackers.
- Use the SMARTChain model under the strict supervision of leadership.
- Security reserve funds up to 20,000 BTC as insurance for customers.
- Increase security with 2 layers of 2FA and SMS, protecting user accounts.
- HTX exchange security system was developed by the multinational investment bank Goldman Sachs.
Summary:
Summarizing the answer to the question of whether is HTX legit, Crypto Trading has seen that the HTX ecosystem is always changing and developing strongly. With the desire to bring peace of mind to customers when choosing to trust and use HTX services.
FAQ
Is HTX legit and reputable when investing on the platform?
With HTX exchange policies and legal terms, it will certainly ensure reputation and safety for users.
Is the rumor that HTX is a scam true or not?
HTX fraud is just a baseless rumor, stemming from unnecessary misunderstandings of customers.
If the HTX exchange collapses, will customers be compensated?
The HTX started and built a customer protection fund a long time ago. So if any unforeseen problems occur on the platform, you can rest assured that you will receive compensation from HTX.
