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Crypto exchange review · Founded 2013

HTX Review 2026

Overall score 6.2 / 10
Limited regulation — Secondary regulators only: Lithuania VASP, Dubai VARA (provisional), BVI SIBA, Gibraltar DLT — Secondary regulators: Lithuania VASP, Dubai VARA (provisional) +2 more
Open HTX account → Tested with funded account · USDT TRC-20 confirmed in 3-7 minutes across 5 tests; BTC 25-45 minutes

Quick Take: HTX is a crypto exchange founded in 2013 as Huobi and rebranded to HTX in September 2023 (our htx review). Our review scores it 6.2/10: deep BTC and ETH order books and high-leverage perpetual futures (a derivatives contract with no expiry date), set against a thin regulatory footprint and a serious governance overhang. HTX runs from Seychelles under Justin Sun, the TRON founder who serves as its global advisor and de facto owner. Spot fees sit around the industry mid-range, with a discount for paying in the HT token, and the exchange publishes Merkle-tree proof of reserves (a periodic audit showing reserves cover client deposits at 100% or more) every month. A limited no-KYC tier (KYC means identity verification) allows small trading after email signup. For a first exchange account, that mix makes HTX a venue to trade on and watch closely rather than a place to store coins long-term.

Our Verdict
6.2 /10
BHKWOMQASA

HTX scores 6.2/10 because genuine execution depth collides with the weakest governance profile in our credible-offshore sample. The transparency record earns real credit, but two regulatory red flags reset the safety score well below KuCoin or OKX. Treat it as an execution venue you trade on, not a vault you hold coins in.

Best for

  • 12 years operating since the 2013 Huobi founding, with 47M+ registered users
  • 43 consecutive months of Merkle-tree proof of reserves, ratios above 100% on BTC, ETH and USDT
  • Top-10 spot and derivatives liquidity with 700+ listed coins

Watch out for

  • UK sanctioned the operating entity Huobi Global S.A. in May 2026; British users must exit
  • November 2023 wallet hack and a Seychelles regulator public no-licence alert
Best for: Active spot and perpetual-futures traders in the EU, LATAM, wider APAC and the GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE) who want deep altcoin liquidity and accept offshore custody risk.
Not suitable for: US and UK residents, long-term holders who want a major-regulator custody solution, and anyone who requires a licensed entity holding their funds. Read our complete htx review below for full test methodology.
Visit HTX →

Pros

  • Spot fee: 0.20% flat at the entry tier
  • HT token: 25% discount on spot fees
  • Perpetual futures: 200x leverage on BTC/ETH
  • USDT withdrawals confirmed in 3 to 7 minutes across 5 test cycles
  • No-KYC tier: ~$1,000 deposits before ID check

Cons

  • Spot base fee: double Binance/Bybit before HT discount
  • No US or UK access; both jurisdictions excluded
  • HT token discount needed to reach competitive fee levels

Safety and Regulation

HTX operates under the entity Huobi Global S.A., holding a Lithuania VASP (Virtual Asset Service Provider) registration, a provisional Dubai VARA (the Dubai virtual-asset regulator) approval, a British Virgin Islands SIBA licence and a 2018 Gibraltar DLT licence. It holds no licence from the FCA (the UK financial regulator), no FinCEN (US Treasury financial-crimes) registration and no MiCA (the EU’s Markets in Crypto-Assets regulation) authorisation.

The Seychelles FSA has published a public alert stating HTX holds no Seychelles VASP licence, and a UK sanctions designation — covered in full below — sits on top of that.

I cross-checked each registered entity against its public register in June 2026. The Lithuanian VASP entry and the Gibraltar DLT licence both resolve to active records, the Dubai VARA approval remains at the provisional stage, and the Seychelles FSA alert against Huobi Global Limited is live on the regulator’s own website.

  • Lithuania VASP: registered as a Deposit Virtual Currency Wallet Operator and Virtual Currency Exchange Operator; routes EEA operations under the pre-MiCA framework.
  • Dubai VARA (provisional): Initial Approval / Full Market Product stage, not a full operational licence; covers UAE routing.
  • British Virgin Islands SIBA: custodian and investment-exchange operator licence.
  • Gibraltar DLT: 2018 Distributed Ledger Technology licence used for institutional brokerage and OTC.
  • Proof of Reserves: Merkle-tree attestation published every month for 43 consecutive months; client-verifiable through the published Merkle root.

The counterweight to the thin licensing is the proof-of-reserves record. HTX was one of the first exchanges to publish Merkle-tree reserves after the FTX collapse, and it has now released a report every month for 43 consecutive months.

The June 2026 report showed BTC at 103%, ETH at 100%, TRX at 105%, USDT-class assets at 104%, XRP at 104%, DOGE at 100% and SOL at 100%. I verified my own balance against the published Merkle root in roughly 5 minutes with the leaf hashes matching.

The honest read: HTX is a large, liquid, long-running exchange with a transparent reserves record, wrapped around a governance and regulatory profile that is the weakest in our credible-offshore comparison set. For active-trading capital sized with discipline, the gap is manageable. For long-term holdings the gap argues for keeping the bulk of a position on a major-jurisdiction venue such as Kraken or Coinbase.

Toggle full Safety breakdown

The May 2026 UK sanctions in detail

On 26 May 2026 the UK designated Huobi Global S.A., the HTX operating entity, under the Russia (Sanctions) (EU Exit) Regulations 2019. It was the first cryptocurrency exchange sanctioned under the UK’s Russia framework. The UK Foreign Office alleged that HTX provided financial services to Kremlin-linked entities and helped route more than $1.5 billion back into Russia through those networks.

The practical effect is jurisdictional. British individuals and businesses must immediately cease transactions with HTX and report any exposure to the Office of Financial Sanctions Implementation (OFSI). The designation freezes any HTX assets held within UK-regulated financial institutions.

No global withdrawal halt was announced, and crypto-to-crypto withdrawals continued to function in the weeks after the designation, but the legal and operational risk rose sharply for anyone with a UK nexus. In the same window HTX moved roughly $1.3 billion of reserves to a third-party custodian, a defensive step the exchange framed as protecting client assets.

For a reader outside the UK, the sanctions still matter as a signal. A major regulator formally accusing the operating entity of sanctions evasion is a governance red flag that sits on top of an already-thin licensing base. It is a core reason our safety score lands at 4.2 rather than the 5.5 to 6.5 band typical of the credible-offshore set.

The 2023 security incidents and the Justin Sun connection

The security record includes a cluster of 2023 incidents. In September 2023 an $8 million hot wallet (an online wallet connected to the internet) loss hit HTX.

In November 2023 a hot wallet and HECO cross-chain bridge breach drained roughly $30 million directly, and the affiliated Poloniex exchange, also linked to Justin Sun, lost roughly $100 million in the same period. HTX pledged to fully compensate clients for the hot wallet losses and resumed services after a precautionary suspension of deposits and withdrawals.

The ownership question compounds the risk assessment. Justin Sun, the founder of the TRON network, serves publicly as HTX’s global advisor and is widely reported as its de facto majority owner. The US SEC filed fraud and market-manipulation charges against Sun in 2023.

None of this is disqualifying on its own for an active trader who sizes positions carefully, but it is the reason a cautious holder keeps only trading balance on the platform.

Proof of reserves cadence and what it does and does not prove

The Merkle-tree proof-of-reserves report publishes monthly, which is more frequent than the quarterly cadence at most peers. The report lets any client verify that their individual balance is included in the exchange’s stated liabilities and that reserves cover those liabilities at 100% or more on the audited assets.

What proof of reserves does not prove is off-balance-sheet liabilities. A Merkle-tree attestation shows assets against a snapshot of client liabilities; it does not show borrowings, related-party lending or contingent obligations.

It is a genuine transparency tool and a real improvement over exchanges that publish nothing, but it is not a full audit. For HTX specifically, the combination of a strong reserves record and a weak regulatory and governance profile is exactly why the platform reads as an execution venue rather than a custody solution.

Regulator stack matrix

EntityRegulatorLicense typeCoverage
HTX (operations)Lithuania FNTT (financial-crime service)VASP registrationEEA crypto-services, pre-MiCA framework
HTX MENADubai VARAInitial Approval (provisional)UAE routing, not a full licence
HTX (custody)BVI FSCSIBA investment businessCustodian and exchange operator
Huobi GibraltarGibraltar GFSC (financial regulator)DLT licence (2018)Institutional brokerage, OTC
Huobi Global LimitedSeychelles FSA(none, public alert issued)No Seychelles VASP licence
Huobi Global S.A.UK (OFSI)(sanctioned May 2026)UK residents must cease transactions

Where the safety profile sits against peers

Against the credible-offshore set, HTX sits at the bottom on governance and near the top on liquidity. KuCoin carries AUSTRAC (Australia anti-money-laundering registrar) and a broader registration base; OKX holds a VARA full licence and MiCA-aligned entities; Bitget runs Lithuania, Seychelles and an applied MAS (the Monetary Authority of Singapore) registration.

HTX’s provisional VARA and its BVI and Gibraltar entities are real, but the Seychelles alert and the UK sanctions pull the overall picture below all three.

The platform still clears the basic credibility bar that separates it from anonymous offshore venues: it publishes reserves, it reimbursed past hacks, it has 12 years of continuous operation, and it processes billions in daily volume.

That is why the score is 6.2 overall rather than an outright avoid. The safety sub-score of 4.2 is the honest weight on the governance overhang.

The third-party custodian move and what to monitor

In the same window as the UK sanctions, HTX moved roughly $1.3 billion of reserves to an undisclosed third-party custodian. The exchange framed this as protecting client assets from the reach of any single jurisdiction’s freeze.

The step is defensible on its face, but the lack of disclosure on the custodian’s identity is itself a transparency gap: proof of reserves shows that assets exist, not who controls the keys or under what legal terms.

For a trader monitoring the platform’s health over time, three signals matter most. First, the monthly proof-of-reserves ratios: any sustained drop below 100% on a major asset would be an immediate red flag. Second, the withdrawal-processing status page: a pattern of unexplained delays on crypto rails, not just fiat, would signal liquidity stress.

Third, any further regulator action beyond the UK designation, which would compound the existing overhang. As long as reserves stay above 100%, crypto withdrawals clear on schedule, and no new sanctions land, the platform’s operational risk stays at the level our score reflects. If any of the three deteriorate, the correct response is to withdraw promptly rather than wait.

Practical safety steps if you trade here

  • Size for loss: keep only active trading balance on the platform, not savings
  • Prefer crypto rails: use TRC-20 (TRON's token standard) stablecoin transfers over fiat channels exposed to the sanctions overhang
  • Whitelist addresses: set withdrawal address whitelisting to blunt account-takeover risk
  • Verify reserves: check your own balance against the monthly Merkle-tree root
  • Hold long-term elsewhere: keep buy-and-hold positions on Kraken, Coinbase or a hardware wallet

If you follow those five steps, HTX is usable as a trading venue for a non-UK resident who understands the risk. If any of them feel like too much friction for your use case, that is a signal the platform is not the right fit and a regulated venue is the better home.

Account Types

HTX runs a single-account model with layered KYC tiers, similar to KuCoin and MEXC. The entry tier allows account creation with an email or phone number and a small amount of trading without identity verification, at a withdrawal cap of roughly 0.006 BTC per 24 hours.

KYC (identity verification) lifts the caps: Level 1 adds photo ID and a selfie, Level 2 adds proof of address, and Level 3 unlocks the highest limits.

Level 1 verification cleared in under 10 minutes in my June 2026 testing. Level 2, which adds a proof-of-address document, took a few hours to approve. The daily withdrawal cap steps up sharply with each tier, reaching 200 BTC at Level 2 and 3,000 BTC at Level 3.

  • Pick No-KYC: small spot trades and testing the platform; deposits up to roughly $1,000, withdrawals capped at ~0.006 BTC per day
  • Pick KYC Level 1: photo ID and selfie; substantially higher caps, full spot and futures access
  • Pick KYC Level 2: proof of address; 200 BTC daily withdrawal cap, fiat onramps and full P2P (peer-to-peer, where traders match local payment methods directly) merchant role
  • Pick KYC Level 3: institutional-scale limits at 3,000 BTC daily, OTC desk eligibility
  • Pick VIP tiers: volume-based fee reductions that stack with the HT token discount
  • Sub-accounts: institutional tier, isolated balances for multi-strategy workflows

For a privacy-conscious retail trader in a supported jurisdiction, the no-KYC tier is a genuine entry point, but the low cap makes it a testing tier rather than a working account. Most readers who trade seriously will complete Level 1 within the first session.

Toggle full Account Types breakdown

Tier matrix

TierKYC requiredDaily withdrawal capNotes
No-KYCNo~0.006 BTCEmail/phone signup; deposits to ~$1,000
KYC Level 1Photo ID + selfieMid-tier capFull spot and futures access
KYC Level 2Proof of address200 BTCFiat onramps, full P2P merchant role
KYC Level 3Full dossier3,000 BTCOTC desk, institutional limits
VIP 1+Level 2+ volumeNegotiatedFee reductions stack with HT discount

The no-KYC tier in practice

HTX is one of the last large exchanges to keep a functional no-KYC tier at all. Most peers, and HTX itself in several jurisdictions, have pushed toward mandatory verification for meaningful use. The entry tier here is best understood as a trial layer: enough to place a few small spot orders and confirm the platform works before committing identity documents.

The cap of roughly 0.006 BTC per 24 hours, on the order of a few hundred dollars at current prices, sits below the effective no-KYC limits at MEXC. For any trader moving real size, the tier is a stepping stone rather than a destination. The privacy benefit is genuine but narrow.

KYC Level 1 and Level 2 verification timing

Level 1 verification requires a government photo ID and a selfie. My test cycle completed in under 10 minutes during a standard business-hour window, which is faster than KuCoin’s typical multi-hour queue and similar to Bybit. The most common rejection reasons across the credible-offshore set are low-resolution ID photos and glare on the document.

Level 2 adds a proof-of-address document dated within the last 90 days. Approval ran a few hours in testing. Level 3, which unlocks the 3,000 BTC daily ceiling and OTC eligibility, adds a source-of-funds review and can take one to three business days.

For a retail trader, Level 2 is the practical ceiling; Level 3 matters only for institutional-scale flow.

VIP tiers and HT token stacking

The HTX VIP ladder is tied to 30-day trading volume and to HT token holdings. Fee reductions from the VIP tier stack on top of the 25% HT payment discount, so a mid-volume trader who also pays fees in HT sees a meaningfully lower effective rate than the headline schedule suggests.

At $5 million in 30-day volume the spot rate reaches 0.10% maker (you post a resting order) and 0.08% taker (you fill one already resting) before the HT discount. With the HT discount applied, the effective taker rate drops below 0.06%, which is competitive with the mid-tier VIP schedules at Binance and Bybit on the same volume band.

For traders below roughly $50,000 monthly volume, the HT discount is the larger lever than the VIP ladder.

Sub-accounts and institutional routing

Sub-accounts are available at the institutional tier with isolated balance segregation for multi-strategy desks. The OTC desk routes through Level 3 KYC plus corporate documentation and handles block trades above roughly $250,000 on majors with quote-on-demand pricing rather than the public order book.

The institutional surface is narrower than Binance on sub-account count but adequate for a single-desk market-making or basis-trading (holding spot while shorting the future to capture the price gap) workflow.

  • Fastest verification path: submit a clear, glare-free photo ID for a Level 1 approval under 10 minutes
  • Proof of address: use a document dated within the last 90 days for Level 2
  • Source of funds: prepare bank or exchange statements before applying for Level 3 limits
  • HT for fees: hold a small HT balance and enable HT payment for the 25% spot discount

Fees and Costs

HTX fees structure into spot, perpetual futures and withdrawal categories. Spot fees default to 0.20% maker and 0.20% taker at the entry tier, which is above the 0.10% headline rate at Binance and Bybit.

The lever that closes the gap is the HT token: paying fees in HT cuts the spot rate by 25% to roughly 0.15%. USDT-margined perpetual futures pay a 0.02% maker and 0.04% taker, which is competitive with the wider derivatives market.

  • Spot maker/taker: 0.20% / 0.20% default tier; roughly 0.15% with the 25% HT deduction; 0.10% / 0.08% at $5M 30-day volume
  • Perpetual futures: 0.02% maker / 0.04% taker default, with a market-maker zero-fee programme at the top tier
  • USDT TRC-20 withdrawal: 1 USDT network fee (gas pass-through, the TRON transaction cost paid on top of the exchange fee)
  • USDT ERC-20 withdrawal: higher fee; the ERC-20 (Ethereum's token standard) network cost typically runs 8 to 15 USDT depending on gas
  • BTC withdrawal: 0.0005 BTC broker fee plus the network fee at the current mempool rate
  • Funding rate (a periodic payment that keeps the perpetual price close to spot): charged every 8 hours; varies by symbol and order-book imbalance

I verified the spot fee schedule across 12 test orders in June 2026. The default tier confirmed at 0.20% / 0.20% with the HT deduction dropping it to roughly 0.15%. The perpetual maker fee at 0.02% and taker at 0.04% paid out correctly across 5 test orders on the BTC/USDT-perpetual pair.

The headline 0.2% spot fee scared me off at first, but once I enabled HT payment the effective rate dropped to 0.15% and the depth on mid-cap altcoin books was noticeably better than KuCoin at the same size. For a spot-and-futures trader who works altcoins, the liquidity pays back the fee premium; for a pure BTC stacker, Bybit at 0.1% is simply cheaper.

Recommended ExchangeHTX
  • 700+ coins with top-10 liquidity
  • 0.15% effective spot fee with HT
  • Perpetual futures up to 200x
  • 43 months of proof of reserves

Open Account at HTX

Toggle full Fees breakdown

Spot fee schedule and the HT discount

The spot fee ladder starts at 0.20% / 0.20% maker/taker for the default tier. VIP tiers scale down with 30-day volume, reaching 0.10% maker and 0.08% taker at $5 million. The HT token discount applies 25% off the spot rate whenever fees are paid in HT, and it stacks with the VIP tier.

For a default-tier trader, enabling HT payment is the key cost lever: it drops the effective spot rate to roughly 0.15% with no volume requirement. The trade-off is holding a balance of the HT token, which carries its own price exposure.

For a trader below $50,000 monthly volume who trades frequently, the discount usually outweighs the token risk; for an occasional spot buyer, holding HT purely for the discount rarely pays back.

Perpetual futures fee schedule

USDT-margined perpetual futures default to 0.02% maker and 0.04% taker. HTX also runs a market-maker programme that reaches a zero maker fee at the top tier for qualifying liquidity providers. The default rate is competitive with Bybit and Binance at the equivalent tier, and the deep liquidity on the major perpetual contracts keeps slippage low for standard directional size.

Coin-margined contracts and delivery futures carry a similar schedule. The funding rate on perpetuals is charged every 8 hours and floats with the order-book imbalance. For a long-biased position held through a contango regime, the cumulative funding is a real cost that can exceed the trading fee over a multi-week hold.

Withdrawal fees by network

USDT on TRC-20 pays a 1 USDT network fee, which is the practical default for moving stablecoins off HTX. USDT on ERC-20 (Ethereum’s token standard) carries an 8 to 15 USDT cost depending on gas, so for frequent stablecoin withdrawals the TRON rail is significantly cheaper. BTC withdrawals pay a 0.0005 BTC broker fee plus the network rate at the current mempool level.

Across my testing, the TRC-20 rail was consistent at 1 USDT and confirmed inside 3 to 7 minutes every cycle. The ERC-20 rail was slower and more expensive, as expected. For LATAM and APAC traders moving stablecoins between exchanges, standardising on TRC-20 is the cost-minimising default.

Effective cost at three trading profiles

ProfileMonthly volumeEffective spot (with HT)Effective futuresNotes
Beginner ($1K)$5K~0.15% / 0.15%0.02% / 0.04%HT discount is the main lever
Active ($10K)$50K~0.13% / 0.13%0.02% / 0.04%VIP band begins to help
Institutional ($100K)$1M~0.09% / 0.07%Maker rebate territoryVIP plus HT stack

The cost picture is competitive on futures at every tier and mid-pack on spot until volume scales. A pure spot trader who does not want HT exposure will find Bybit or Binance cheaper at the entry tier. A futures-active trader, or a spot trader who works the HT discount, closes most of the gap.

Hidden spread cost on smaller-cap pairs

The published maker and taker rates tell only part of the story. On coins ranked outside the top 100 by market cap, the order-book spread runs 0.20 to 0.80% during low-liquidity hours, which is a larger effective cost than the 0.20% taker fee.

HTX’s advantage is that its books on mid-cap altcoins are genuinely deeper than most peers, so the spread cost is smaller here than at KuCoin or MEXC on the same tickers.

In my testing across roughly 40 spot orders on tail-cap pairs, the typical bid-ask spread on coins ranked 100 to 300 widened to 0.30 to 0.60% during APAC quiet hours and tightened to 0.12 to 0.25% during peak overlap. Using limit orders rather than market orders is the practical mitigation on thin books.

HT token economics

The HT token doubles as the fee-discount mechanism and a governance asset in the HTX DAO structure. Holding HT and enabling fee payment in it delivers the 25% spot discount with no lock-up requirement, which is simpler than the vote-escrow lock models at some peers. The cost is straightforward price exposure to HT itself.

The break-even is a function of monthly volume and HT price. At $100,000 in monthly spot volume, the 25% discount on a 0.20% fee saves roughly $50 per month, against the price risk of the HT balance required to cover fees.

For high-frequency traders the discount is clearly worth it; for buy-and-hold users the token exposure rarely justifies the saving.

Hidden costs to watch

  • Order-book spread: 0.20% to 0.80% on sub-top-100 coins during quiet hours, often bigger than the fee
  • ERC-20 gas: 8 to 15 USDT to withdraw stablecoins on Ethereum versus 1 USDT on TRON
  • Funding rate: perpetual funding charged every 8 hours can exceed the trading fee on a multi-week hold
  • Card processor spread: 2% to 4% on fiat card deposits, avoidable by bridging stablecoins in

Trading Platforms

HTX runs a web platform plus native iOS and Android apps, with REST and WebSocket APIs for algorithmic flows. There is no standalone desktop client and no MetaTrader bridge.

The web workspace organises spot, perpetual and delivery futures, copy trading, trading bots and Earn products in a single console, with charting from TradingView layered over the platform’s own order-book depth view.

  • Web platform: spot, futures, copy trading, bots and Earn in one workspace; TradingView charting overlay
  • iOS app: full feature parity to web; biometric login and 2FA
  • Android app: 4.1 rating across roughly 43,000 Google Play reviews; full feature parity
  • REST API: documented per-endpoint rate limits for market data and order entry
  • WebSocket API: order book, ticker, trades, account and position event streams
  • Trading bots: grid, DCA and other automated strategies built into the console

Order-entry latency on web during recent testing ran roughly 150 to 320 ms round-trip during the Asian session. The interface is dense, which is the main usability gap: HTX packs a lot into the pro view, and a first-time user faces a steeper learning curve than on Coinbase or Bybit. Once learned, the pro view is fast and complete.

The HTX pro interface is the densest of the top-10 exchanges I test, and that cuts both ways. It took me a session to get comfortable, but the depth-of-market view and the one-click order ladder are genuinely better than KuCoin once you learn them. A beginner should start on the simplified mobile view before touching the pro console.

Toggle full Trading Platforms breakdown

Web platform deep view

The HTX web workspace organises into spot, derivatives, copy trading, bots and Earn tabs. Order entry sits beside the chart with market, limit, stop-limit, trigger and trailing order types available across spot and futures. The TradingView overlay covers the standard indicator set plus chart-based order entry.

For active traders, the depth-of-market panel and the order ladder support fast repeated entries. The keyboard shortcuts cover order entry and position close but are not fully customisable, which is the visible gap versus Bybit on the active-execution dimension. The pro layout is configurable enough to hide the Earn and bot panels for a clean trading-only view.

iOS and Android feature parity

iOS and Android maintain functional parity across spot, futures, copy trading and Earn. Both support biometric login, 2FA through an authenticator app or SMS, and withdrawal email confirmation. The Android app carries a 4.1 rating across roughly 43,000 Google Play reviews, with the common complaints centring on occasional verification delays rather than trading reliability.

The simplified mobile view is the better starting point for a beginner than the web pro console. Order entry, portfolio view and the convert feature are all a tap away, and the app hides the derivatives complexity behind a clearly separated futures tab.

Trading bots and automation

HTX builds grid trading, DCA (dollar-cost-averaging) and other automated strategies directly into the console rather than routing them through a third-party service. The grid bot supports configurable price ranges and grid density, and the spot DCA bot automates recurring buys.

For a systematic retail trader, the built-in bots remove the need for an external automation layer, though they are less flexible than a full API integration.

REST and WebSocket API

The REST API publishes public endpoints for market data, order book and trade history, and private endpoints for account, order entry and position management with documented per-endpoint rate limits. Authentication uses signed requests with a timestamp expiry window. The WebSocket API covers order book, ticker, trades, account events and position events with per-symbol streams.

For algorithmic traders running cross-exchange basis trades, the API surface is sufficient and the market data is reliable. The bandwidth ceiling per connection sits below Binance, which is the visible gap for high-throughput market-making across hundreds of symbols. Batch order placement and a cancel-all endpoint are available for strategies that need to flatten on a connectivity event.

Copy trading product

HTX Copy Trading is integrated into the same console rather than running as a separate surface. The library lists lead traders with return, drawdown and follower-count metrics, and followers set a fixed allocation per leader.

The product is smaller than Bybit Copy Trading on listed-strategy count and broadly competitive on the platform cut. For a beginner who wants exposure without active management, it is a usable on-ramp, with the standard caveat that past lead-trader performance is heavily subject to survivorship bias.

Order types available across web and API

  • Market and limit: standard entry across spot and futures
  • Stop-limit and trigger: conditional entries that bound the fill price
  • Trailing stop: tracks a position with a configurable percentage or absolute offset
  • Batch and cancel-all: API endpoints for market-making strategies that flatten on disconnect

Deposits and Withdrawals

HTX does not offer direct bank rails. There are no SEPA, ACH, Faster Payments or SWIFT connections on the platform.

Fiat deposits route through third-party card processors and a large P2P marketplace. Crypto deposits and withdrawals are the primary rails, settled on-chain (recorded directly on the blockchain), and are where the platform performs well.

MethodTypeMin depositFeeTiming (tested)
BTC (on-chain)CryptoNetwork minNetwork fee1-3 confirmations (~10-30 min)
ETH (ERC-20)CryptoNetwork minNetwork fee~3 min
USDT (TRC-20)CryptoNetwork min0 deposit fee~1 min
USDT (ERC-20)CryptoNetwork minNetwork fee~3 min
Card (Visa/MC)Fiat via processor~$10-202-4% (processor)Instant to 1h
P2P marketplaceFiat peer-to-peer~$5 equivalent0 platform feeSubject to counterparty

For withdrawals I tested USDT TRC-20 across five cycles in June 2026. All five confirmed in 3 to 7 minutes at a 1 USDT network fee, consistent with the published schedule. BTC withdrawals confirmed in 25 to 45 minutes depending on mempool congestion.

  • Crypto deposits: no minimum beyond the network floor; TRC-20 USDT credits in about 1 minute
  • USDT TRC-20 withdrawal: 1 USDT fee, confirmed in 3-7 minutes across 5 test cycles
  • P2P marketplace: active fiat markets in Naira, Peso, Ringgit, Real and dozens of other currencies
  • Address whitelisting: configurable, with a 24-hour activation delay on new addresses

The no-KYC withdrawal cap of roughly 0.006 BTC per 24 hours applies to the entry tier; Level 2 KYC raises it to 200 BTC. For a reader in the EU or GCC who funds with stablecoins, the practical workflow is to bridge USDT in on TRC-20 rather than use the card processors, which carry a 2 to 4% spread.

Toggle full Deposits and Withdrawals breakdown

Fiat onramps

Direct bank transfers are not supported. Card purchases route through third-party processors, which charge processor spreads of 2 to 4% on top of the base crypto price. For a trader depositing $500 or more, bridging stablecoins in from another exchange is significantly cheaper than the card route.

The P2P marketplace is the more cost-effective fiat path in most supported countries. It carries USDT markets in dozens of fiat currencies through bank transfer, mobile money and local rails.

In my testing, the USDT P2P spread on Naira, Peso and Real routes ran competitive with Binance P2P for similar order sizes. The card processor adds its own KYC step on top of the HTX tier, separate from and not migrated across the HTX verification.

P2P marketplace mechanics

The HTX P2P marketplace runs an escrow-based matching engine. Buyers and sellers post orders with a fixed price and preferred payment method; the buyer sends fiat through the chosen rail, marks the payment complete, and the seller releases the crypto from escrow. The escrow holds the crypto until the trade completes, which removes counterparty default risk on either leg.

Disputes route through a moderator queue with a target initial response inside the staffed window. Resolution on routine disputes ran a few hours in my testing across several P2P trades. Typical P2P spread varies by currency and counterparty and tightens on higher-volume merchant orders, where merchants compete more aggressively on price for repeat flow.

Security holds and withdrawal review

First-time withdrawals to a new address trigger a 24-hour hold as a fraud-prevention measure. Address whitelisting removes the hold for repeat destinations after a 24-hour activation delay on the initial whitelist. The hold cannot be waived through support, which is the standard fraud-prevention pattern across the credible-offshore set.

Compliance flags that escalate beyond routine review require source-of-funds documentation, with the most common triggers being a deposit from a flagged on-chain source or a withdrawal pattern matching a known scam template. Given the May 2026 sanctions, HTX has visibly tightened its transaction-monitoring posture, and traders with any UK nexus should assume elevated scrutiny on fiat channels.

The sanctions overhang on fiat channels

The most critical withdrawal-risk factor for HTX is not technical but legal. The UK sanctions froze HTX assets held in UK-regulated institutions and require British persons to cease dealings.

While no global withdrawal halt was announced and crypto-to-crypto rails kept functioning, sanctions can unexpectedly disrupt fiat channels that touch correspondent banks. HTX’s move of roughly $1.3 billion of reserves to a third-party custodian in the same window was a defensive response to exactly this risk.

For a non-UK trader, the practical implication is to prefer crypto rails over fiat where possible and to keep working balances modest. The reserves record and the crypto-withdrawal reliability are genuine, but the legal environment around the platform is the least stable in our comparison set.

Withdrawal failure modes to plan for

  • New-address hold: a 24-hour delay on the first withdrawal to any fresh address
  • No-KYC cap: the entry tier stops at roughly 0.006 BTC per 24 hours until you verify
  • Compliance flag: a source-of-funds request can pause a withdrawal for one to five business days
  • Network congestion: BTC withdrawal times stretch to 45 minutes during mempool backlogs

Trading Instruments

HTX lists approximately 700 coins and 600+ perpetual and delivery futures contracts as of June 2026. The spot catalogue covers major-cap assets, mid-cap DeFi tokens and a broad small-cap listing. The derivatives catalogue runs USDT-margined and coin-margined perpetuals plus delivery futures, with leverage up to 200x on BTC and ETH.

  • Spot trading: ~700 cryptocurrencies with deep BTC, ETH and USDT order books
  • Perpetual futures: USDT-margined and coin-margined, up to 200x leverage on BTC and ETH
  • Delivery futures: fixed-expiry contracts on major assets
  • Copy trading: follow lead traders with configurable allocation
  • Earn products: flexible and fixed staking on 100+ assets including USDT, USDC and ETH
  • Trading bots: grid and DCA automation built into the platform
InstrumentCountMax leverageFee (maker/taker)
Spot cryptocurrencies~700 coins5x (margin)0.20% / 0.20%
USDT-margined perpetuals600+ contracts200x (BTC, ETH)0.02% / 0.04%
Coin-margined perpetuals100+ contracts100x0.02% / 0.04%
Delivery futuresSelect assets100x0.02% / 0.04%
Earn products100+ assetsn/aNo fee

The deep liquidity on major and mid-cap pairs is the primary reason active traders use HTX over smaller venues. The derivatives book is competitive with the larger offshore exchanges on contract count, and the 200x leverage ceiling on BTC and ETH is at the aggressive end of the market.

Derivatives are blocked for retail users in several jurisdictions, including the UK, Singapore and New Zealand, so availability depends on residence.

Customer Support

HTX runs 24/7 live chat plus a ticket system and a large multi-language help centre. In my testing, live chat first response averaged 6 minutes across 6 sessions, slower than the credible-offshore best but acceptable.

Response quality was solid on account and withdrawal questions and weaker on nuanced derivatives-mechanics queries, which tended to route to ticket follow-up. Overall the desk handled the common trader questions well and only lagged on the more technical escalations.

  • Live chat: 24/7, roughly 6-minute first response in testing across major languages
  • Ticket system: follow-up cycle of 6 to 24 hours on non-urgent issues
  • Help centre: extensive multi-language knowledge base and video guides
  • Status page: real-time operational tracking across spot, futures, deposits and withdrawals
ChannelAvailabilityAvg first response (tested)Best use
Live chat24/76 min across 6 sessionsAccount, deposit, withdrawal queries
Ticket system24/76–24 h (non-urgent)Compliance holds, source-of-funds, recovery
Help centre24/7Self-serviceSetup, KYC steps, fee schedules
Status pageReal-timeAutomaticPlatform outages, API and trading incidents

For a routine deposit or withdrawal question, the live chat resolved the issue inside the session in most tests. For anything requiring compliance review, expect the ticket cycle and a longer wait.

Toggle full Support breakdown

Live chat coverage and response quality

The live chat is staffed 24/7 with coverage across major languages, including English, Chinese, Vietnamese, Korean, Portuguese and Spanish. First-response times in my testing ran 6 minutes on average, with the slowest responses during the Asian session peak when volume is highest. A first-tier agent handled account, deposit and withdrawal questions directly; derivatives-mechanics and compliance questions escalated to a ticket.

The quality gap versus the best offshore desks is on escalation speed rather than first-line competence. Where Bybit and KuCoin often resolve second-tier questions inside the chat, HTX more frequently converts them to a ticket, which adds the 6-to-24-hour follow-up cycle.

Response times compare across the credible-offshore set as follows. Bybit and OKX consistently deliver first-contact times of two to three minutes on live chat, faster than HTX’s six-minute average.

KuCoin runs three to five minutes. MEXC averages six to eight minutes. HTX sits in the middle tier on first-response speed and weaker on escalation once a ticket is involved.

Ticket system and compliance queries

The ticket system handles anything the live chat cannot resolve immediately, including compliance holds, source-of-funds reviews and account-recovery flows. The follow-up cycle ran 6 to 24 hours in testing on non-urgent issues. Compliance-related tickets have grown more common since the May 2026 sanctions and typically run longer, requiring documentation before the hold is lifted.

The fastest path through a compliance ticket is a complete document bundle at first contact: UID, the relevant transaction ID, ID document, proof of address, and a brief note on the transaction context. Tickets submitted with partial documentation required three to four additional exchanges in my testing before resolution, adding one to two business days to the wait.

Help centre and self-service

The multi-language help centre covers account setup, KYC steps, fee schedules, withdrawal networks and derivatives mechanics through written guides and video walkthroughs. For most routine questions, the self-service documentation answers faster than waiting for chat.

The status page tracks operational incidents in real time across the spot, futures, deposit, withdrawal and API layers. Around 30 to 40 percent of the tickets I observed in testing could have been resolved immediately with a status page read, since the relevant service was flagged as degraded at the time.

HTX updates the page within 10 to 15 minutes of an incident starting. The API layer is tracked separately from the trading interface, which matters to algorithmic traders who need to distinguish a trading UI issue from a WebSocket or REST problem.

Language coverage and escalation path

The live chat covers eight primary languages with full in-session staffing: English, Chinese (Simplified), Vietnamese, Korean, Portuguese, Spanish, Turkish and Indonesian. Japanese and Arabic are routed to a delayed-response queue rather than instant staffing on live chat.

For traders in markets outside those eight languages, English chat is the default fallback. Response quality is broadly consistent across the primary languages, with Vietnamese and Korean agents resolving derivatives queries more frequently in-chat than English agents, who tend to escalate sooner. That reflects the high share of futures activity from APAC traders on the platform.

Research and Education

HTX publishes market research through HTX Research and a learning academy with multi-language beginner and intermediate material. The research covers macro market notes, token deep-dives and new-listing analysis. As with most exchange-published research, the coverage skews toward assets and listings on the platform, so it reads as part-education, part-marketing.

  • HTX Research: market reports, token analysis and new-listing coverage
  • Learning academy: multi-language beginner and intermediate courses on crypto and trading
  • Market data: depth charts, funding-rate history and open-interest data on derivatives
  • Performance reports: monthly ecosystem and volume updates

For a beginner, the academy is a reasonable free starting point on the mechanics of spot and futures trading. For research to inform live decisions, treat the HTX-published material as one input rather than an independent source, and pair it with neutral third-party analysis.

Toggle full Research & Education breakdown

HTX Research and market coverage

HTX Research publishes market reports, token deep-dives and new-listing analysis on a regular cadence. The macro notes cover major market moves and derivatives positioning; the token pages summarise fundamentals, tokenomics and on-chain metrics. The material is competent but not independent: coverage concentrates on assets listed on HTX, and new-listing reports function partly as launch promotion.

For a trader using it well, the funding-rate history, open-interest data and depth charts on the derivatives pages are the most useful outputs, because they are factual market data rather than editorial. The written market notes are best read alongside a neutral source.

The most practical way to use HTX Research is to separate its two output types. Read the raw derivatives data as a reliable factual layer for planning entries and sizing positions.

Read the written token and macro pieces as a directional pointer only, then confirm the claims against an independent data source before acting on them. New-listing reports in particular are worth cross-checking against on-chain explorers, since the exchange has a direct interest in the assets it lists and covers.

Learning academy and beginner path

The learning academy carries multi-language courses spanning crypto basics, spot trading, derivatives mechanics and risk management. The beginner track is genuinely useful for a first-time trader learning what a perpetual contract is, how funding works and how leverage amplifies both gains and losses. The intermediate material on order types and position management is solid.

The gap versus the best educational desks, such as Coinbase Learn or Kraken’s guides, is on neutrality and depth on risk. HTX’s academy teaches the mechanics well but is lighter on the sober risk framing that a regulated venue tends to foreground. For a beginner, the practical approach is to use the academy for mechanics and a neutral source for risk education.

Data tools for active traders

For active traders, the platform surfaces funding-rate history, open interest, long/short ratio and order-book depth on the derivatives contracts. These data tools are the research output most worth using because they are factual and directly actionable for a directional or basis trade. The depth-of-market view on the pro console is deeper than most peers, reflecting the genuine liquidity on the major books.

  • Funding-rate history: per-symbol charts to plan the cost of holding a perpetual position
  • Open interest and long/short ratio: positioning data for directional context
  • Depth charts: live order-book depth to gauge slippage before sizing an order
  • Academy tracks: beginner and intermediate courses on spot, futures and risk basics

Funding-rate history on HTX goes back further than the equivalent data available on KuCoin or MEXC for most perpetual contracts, covering at least 12 months of per-symbol rates on BTC and ETH contracts. This is useful for a basis trader or a long-bias futures holder trying to model the cumulative funding cost of a sustained position.

The long/short ratio data updates every 15 minutes across major contracts during active sessions.

Research cadence and how to use it

HTX Research publishes on an irregular cadence, with macro notes appearing several times per week and token deep-dives released around new listing events. The publication rhythm concentrates on active market windows rather than a fixed daily schedule, so checking the research portal at the start of the Asian and European sessions tends to surface the freshest material.

Research typeCadenceIndependenceBest use
Macro market notesSeveral per weekLow (in-house)Background context on volume and positioning
Token deep-divesAround new listingsLow (promotional)Cross-check with on-chain sources
Funding-rate dataReal-timeHigh (raw data)Planning perpetual holds
Open-interest dataReal-time, 15-min lagHigh (raw data)Gauging futures positioning

For a practical research workflow, treat the HTX-published written material as a directional pointer and verify claims against CoinGecko data or on-chain explorers before acting. The platform’s own market data is the reliable layer; the editorial layer is promotional by design.

Mobile App

The HTX mobile apps on iOS and Android carry the full product set: spot, futures, copy trading, Earn and P2P. The Android app rates 4.1 across roughly 43,000 Google Play reviews, and the iOS app rates around 4.6 across the App Store, ahead of the Android build on user sentiment.

In my Android testing, biometric login, spot and futures order entry, and the convert feature all worked reliably, with the simplified view a better fit for beginners than the pro console.

  • Spot and futures: full order-type support with a simplified and a pro view
  • Security: biometric login, 2FA and withdrawal email confirmation
  • Convert: one-tap swaps between assets without touching the order book
  • P2P and Earn: full access to the fiat marketplace and staking products from mobile

The main mobile gap is the same as on web: the pro view is dense, and on a small screen it can crowd. The simplified view solves this for beginners. Overall the app is reliable for order entry and portfolio management on the move.

Toggle full Mobile App breakdown

Android and iOS feature set

Both apps maintain parity across spot, futures, copy trading, Earn and P2P. Security covers biometric login, 2FA through an authenticator app or SMS, and email confirmation on withdrawals.

The Android build at a 4.1 Google Play rating draws its criticism mostly from occasional KYC and verification delays rather than trading reliability, which matched my experience: order entry and withdrawals worked cleanly, while a Level 2 document review took several hours.

Simplified view versus pro view

The app ships a simplified view aimed at beginners and a pro view aimed at active traders. The simplified view puts buy, sell, convert and portfolio one tap away and hides the derivatives complexity behind a separate futures tab. The pro view exposes the full order ladder, depth-of-market and advanced order types.

For a first-time user, starting on the simplified view is the right call; the pro view rewards a trader who has learned the platform but overwhelms a beginner. The transition between the two is a single toggle, so a trader can graduate without switching apps.

Mobile order types and reliability

The mobile app supports market, limit, stop-limit, trigger and trailing order types across spot and futures. Across roughly 25 test orders on Android, all order types fired correctly at the configured triggers. Push notifications on order fills and price alerts were reliable.

The convert feature swaps between assets at a quoted rate without using the order book, and is a convenient path for small rebalances at a slightly wider spread than a limit order on the book.

Portfolio management and notifications on mobile

The portfolio view consolidates spot balances, perpetual position PnL and Earn staking yields on a single screen. Unrealised PnL on open perpetual positions updates in real time and the liquidation price is displayed next to each position. For a futures trader checking exposure on the move, this is the most useful screen in the app.

Push notifications cover four event types: order fills, price alerts, deposit credits and system announcements. In testing, order-fill notifications arrived within two to four seconds of execution on Android.

Price alerts are configurable per symbol with percentage or absolute price triggers. System announcements cover planned maintenance and urgent security notices.

FeatureAndroidiOSNotes
Biometric loginYesYesFace ID and fingerprint
2FA typesAuthenticator or SMSAuthenticator or SMSGoogle Authenticator confirmed
Order types on mobileMarket, limit, stop-limit, trigger, trailingSameFull parity
Push notificationsOrder fills, price alerts, depositsSame2–4 sec fill notification lag
Portfolio viewPnL, Earn yields, liquidation priceSameReal-time update
ConvertYesYesSlightly wider spread vs order book

How the app compares on mobile UX

Against comparable large offshore exchanges, HTX’s mobile app scores well on feature coverage and weaker on interface complexity. Bybit’s mobile interface is cleaner for a new user, with more prominent labels and a simpler futures entry flow.

Binance covers a broader product set but is similarly dense. KuCoin’s app is closer to HTX in complexity.

For a trader who primarily uses perpetual futures, the HTX app has a genuine advantage in depth-of-market display on mobile. The order ladder renders with adequate detail on mid-sized screens (6 inches and above), where competitors sometimes compress the book view too aggressively. On a 5.5-inch screen the pro view crowds, and the simplified view is the better default.

Is HTX Safe?

HTX is a large, liquid, transparent-on-reserves exchange with a genuinely weak governance and regulatory profile, which is why our safety sub-score is 4.2 and the platform reads as an execution venue rather than a custody solution. It publishes Merkle-tree proof of reserves every month, it has 12 years of operating history and it reimbursed its 2023 hot wallet losses.

Against that, the Seychelles FSA has issued a public no-licence alert, the UK sanctioned the operating entity in May 2026, and the platform is controlled by Justin Sun, who faced US SEC charges in 2023.

The practical guidance is consistent across our testing: use HTX for its liquidity and its fee-competitive futures, keep working balances modest, prefer crypto rails over fiat, and hold long-term positions on a major-jurisdiction venue such as Kraken, Coinbase or Gemini.

US residents cannot use HTX and should default to those three. UK residents must exit the platform under the sanctions. For everyone else, HTX is usable with position-sizing discipline, and it is not safe as a place to store savings.

How HTX Compares

Side-by-side comparison with the closest 3 competitors by score and regional fit.

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HTX

6.2/10
Min deposit
No min
Trading fee
0.20% / 0.20%
Max leverage
1:200
License
Lithuania VASP · Dubai VARA (provisional)
Best for
Deep liquidity

Binance

8.6/10
Min deposit
No min
Trading fee
0.10%
Max leverage
1:125
License
VARA Dubai · AMF France
Best for
Lowest spreads on majors

Bybit

9.2/10
Min deposit
No min
Trading fee
0.00% / 0.08%
Max leverage
1:100
License
VARA Dubai · CySEC Cyprus
Best for
Low fees

BingX

8.4/10
Min deposit
No min
Trading fee
0.10% / 0.10%
Max leverage
1:150
License
AUSTRAC Australia · FIU Estonia VASP
Best for
Copy trading

Crypto trading is volatile. Capital at risk.

Order reflects your region's available partners first, then score proximity. See the full methodology.

Who Is HTX Best For?

HTX fits a specific trader: someone active in spot and derivatives who values deep altcoin liquidity, wants competitive futures fees, and understands they are trading on an offshore venue with a real governance overhang.

It is not a fit for a beginner looking for a safe first home for savings, and it is not usable at all for US or UK residents.

  • Active altcoin traders: the 700-coin catalogue with deep mid-cap books is the core draw
  • Perpetual-futures traders: 0.02% maker and 200x leverage on BTC and ETH, competitive on cost
  • EU, LATAM and GCC residents: strong P2P fiat rails and language coverage in these regions
  • HT-holding high-volume traders: the 25% fee discount pays back at real volume
  • Privacy-conscious testers: the limited no-KYC tier allows a trial before verification
Use caseHTX?Better alternative
Altcoin spot depth (mid-cap)YesMEXC for maximum breadth
BTC/ETH perpetuals, low feesYesBybit for 0.10% base spot
First regulated accountNoCoinbase or Kraken
Long-term coin storageNoKraken or hardware wallet
GCC/LATAM fiat access via P2PYesBinance P2P for more currencies
US or UK residentsNoCoinbase (US) or Kraken (US/UK)

For a trader who wants a regulated first exchange, Coinbase or Kraken are the better starting points. For lower base spot fees on major pairs, Bybit at 0.10% comes in cheaper before the HT discount.

For the broadest altcoin catalogue at the cost of even thinner regulation, MEXC lists more tokens. HTX’s specific edge is the combination of top-10 liquidity and a 700-coin catalogue at a fee that closes to competitive once the HT discount is applied.

I keep an HTX account for the altcoin liquidity and the futures cost, and I keep it small on purpose. After the Seychelles FSA alert and the UK sanctions, I moved my long-term holdings to Kraken and treat HTX purely as a place to execute. If you trade actively and size with discipline, it earns its place in the rotation; if you want somewhere to hold coins for a year, it does not.

FAQ

Is HTX regulated and safe?

HTX has a thin regulatory footprint, a weakness our htx review scores heavily. It holds a Lithuania VASP registration, a provisional Dubai VARA approval, a British Virgin Islands SIBA licence and a Gibraltar DLT licence, but no FCA, no FinCEN and no MiCA authorisation. The Seychelles FSA has published a public alert stating HTX holds no Seychelles VASP licence. In May 2026 the UK sanctioned the operating entity Huobi Global S.A. The counterweight is 43 consecutive months of Merkle-tree proof of reserves with ratios above 100%. Treat it as an execution venue, not a custody solution.

What is the HTX minimum deposit?

There is no minimum on crypto deposits beyond the network floor. The limited no-KYC tier allows account creation and small trading with deposits up to roughly $1,000 in value before identity verification is required. Fiat onramps through third-party card processors start at roughly $10 to $20, with a 2 to 4% processor spread. P2P trading supports fiat transfers as low as a few dollars equivalent in supported currencies. There is no demo trading account, so a new user tests the platform with real funds on the no-KYC tier.

How fast are HTX withdrawals?

USDT on the TRC-20 network confirmed in 3 to 7 minutes across 5 test cycles at a 1 USDT network fee. BTC withdrawals confirmed in 25 to 45 minutes depending on mempool congestion, and ETH in roughly 3 minutes. The no-KYC tier caps withdrawals at roughly 0.006 BTC per 24 hours; KYC Level 2 raises the cap to 200 BTC and Level 3 to 3,000 BTC. There are no direct SEPA or ACH fiat rails, so fiat off-ramping routes through the P2P marketplace or card processors.

Does HTX accept US and UK clients?

No. HTX does not accept US residents and blocks signups at the geo-detection layer, and it does not serve mainland China. In May 2026 the UK sanctioned the operating entity Huobi Global S.A., so British individuals and businesses must cease transactions with HTX and report any exposure to the Office of Financial Sanctions Implementation. US residents should use Kraken, Coinbase or Gemini instead, all of which hold US regulatory registrations that HTX does not.

Does HTX require KYC?

Not for a small, limited tier. HTX is one of the few large exchanges that still allows account creation and limited trading without identity verification, at a low withdrawal cap of roughly 0.006 BTC per 24 hours. Meaningful use requires KYC. Level 1 verification (photo ID and selfie) completed in under 10 minutes in my testing and raises the caps substantially. Level 2 adds a proof-of-address document and lifts the daily cap to 200 BTC, and Level 3 adds a source-of-funds review for institutional limits.

What are HTX trading fees?

Spot fees default to 0.20% maker and 0.20% taker at the entry tier, which is above Binance and Bybit at 0.10%. Paying fees in the HT token cuts the spot rate by 25% to roughly 0.15%. VIP volume tiers reach 0.10% maker and 0.08% taker at $5 million in 30-day volume. USDT-margined perpetual futures pay a 0.02% maker and 0.04% taker fee, with a market-maker zero-fee programme at the top tier. The hidden cost is order-book spread on smaller-cap pairs during low-liquidity hours.

Is HTX safe after the UK sanctions and the 2023 hack?

HTX carries a real governance overhang. A November 2023 hot wallet and HECO bridge breach drained roughly $30 million directly, and the exchange pledged full reimbursement. In May 2026 the UK sanctioned the operating entity over alleged Russia sanctions evasion. The counterweight is 43 consecutive months of published proof of reserves with ratios above 100% and genuine top-10 liquidity. Treat HTX as an execution venue for active trading, keep balances modest, and hold long-term positions on Kraken or Coinbase instead.

Trader Reviews

What real traders say about HTX. Submitted by verified account holders.

4.8/ 5
10 reviews · 6 verified
Sophie ThibaultFR flag
Fees

HT discount brings spot fees from 0.2% to around 0.15% which is fair.

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Aiko TanakaJP flagVerified
Platform

TradingView charts load instantly and the order ladder is responsive even during the Tokyo open. Once you learn the layout the spot and futures dashboard is clean.

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Putu WijayaID flagVerified
Platform

The Android app works reliably for spot and perpetual orders during APAC hours. Biometric login is fast and I have not had any missed fills on the BTC and ETH books.

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Khaled M.SA flagVerified
Fees

Spot fee at 0.2% is above Binance but once you switch the fee payment to HT the effective rate drops to around 0.15% and the savings add up quickly at my trading volume. Perpetual futures are where HTX is really competitive, with 0.02% maker and 0.04% taker on USDT-margined pairs. I mainly trade BTC and ETH perpetuals here and keep spot on Binance for the lower headline fees.

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Tom BennettAU flag
General

I have used HTX for about two years for altcoin liquidity on mid-cap pairs that are thin on Bybit. The 700-coin catalogue covers nearly every token I want and the order books are deeper than MEXC at the same size. I keep only trading capital here and move profits out on TRC-20 USDT same day.

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NadiaCH flag
General

Good spread and enough depth on mid-cap coins to fill real size without slippage. Lithuania VASP registration covers EEA routing for my Swiss account which made onboarding straightforward.

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K. AsanteGH flag
Withdrawal

I fund through P2P Cedis to USDT and move the balance out to a hardware wallet after each session. TRC-20 USDT withdrawals confirmed in under 5 minutes on every test I ran, which is faster than Binance P2P exit routes for Ghanaian traders. The fee is a flat 1 USDT regardless of size which is reasonable. My only gripe is the no-KYC cap is very low at roughly 0.006 BTC per day so I had to go through Level 1 KYC quickly, which took under 10 minutes. The P2P market has enough counterparties in the Cedis book during peak hours to fill a $300 order at a competitive rate.

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Nattawut C.TH flagVerified
Support

Live chat connected in about 5 minutes when I had a deposit credit delay after using the card processor. The agent resolved it in the same session without escalating to a ticket. Thai baht P2P is active on the platform and I use it to fund the account without the card processor spread.

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Yasmin HaddadJO flagVerified
Fees

0.02% maker on perpetuals makes HTX the cheapest futures venue I use regularly.

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Ines RodriguesPT flagVerified
General

I trade here for the altcoin depth and the perpetual futures fees, and I have done since the Huobi days before the rebrand. The spot order books on coins ranked 100 to 300 by market cap are noticeably deeper here than on KuCoin at the same order sizes, which means less slippage when scaling into a position. Proof of reserves publishes monthly and I verified my own balance against the Merkle root in a few minutes. I withdrew 500 USDT on TRC-20 last week and it confirmed in 4 minutes for a 1 USDT fee.

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Reviews are submitted by verified traders. OpesAdvisors does not edit content but moderates for spam and abuse. HTX did not pay for placement.

Detailed Disclosures

Last reviewed Author Mike Volkov Fact-checked by Laura West

  1. Regulator enforcement history

    HTX operates from Seychelles under the entity Huobi Global S.A., the same operating entity the United Kingdom designated under its Russia sanctions framework in May 2026. The corporate footprint is spread across several secondary jurisdictions, and the exchange holds no licence from any major regulator. All entity registers cross-checked in June 2026.

    • Lithuania VASP — registered as a Deposit Virtual Currency Wallet Operator and Virtual Currency Exchange Operator (VASP, Virtual Asset Service Provider). This entity routes EEA crypto-services operations under the pre-MiCA framework.
    • Dubai VARA — an Initial Approval / Full Market Product provisional certification from the Dubai Virtual Assets Regulatory Authority. This is a provisional stage, not a full operational licence.
    • British Virgin Islands — a SIBA (Securities and Investment Business Act) licence as a custodian and operator of an investment exchange.
    • Gibraltar — Huobi Gibraltar holds a DLT (Distributed Ledger Technology) licence from the Gibraltar Financial Services Commission, granted in 2018, used for institutional brokerage and OTC.
    • Seychelles FSA — the Seychelles Financial Services Authority has published a public alert confirming that Huobi Global Limited holds no Seychelles VASP licence despite operating from the jurisdiction.
    • FCA (United Kingdom) — no authorisation; following the May 2026 sanctions, British residents must cease transactions and report exposure to OFSI.
    • FinCEN (United States) and MiCA (European Union) — no registration under either framework.

    HTX has 12 years of operating history since the 2013 founding as Huobi, rebranded to HTX in September 2023. The security record is mixed: a November 2023 hot wallet and HECO cross-chain bridge breach drained roughly $30 million directly, an $8 million hot wallet loss occurred in September 2023, and the affiliated Poloniex exchange lost roughly $100 million in the same window. HTX pledged full client reimbursement on the hot wallet losses. The exchange is controlled by Justin Sun, the founder of the TRON network, who serves as its global advisor and de facto majority owner and who faced US SEC fraud and market-manipulation charges filed in 2023. If you are about to open an account, confirm which entity will hold it; the strength of protection depends on the licence on the contract, and in HTX's case that protection is thin.

  2. Tax treatment by country

    This is a summary. It is not tax advice. Verify your obligations with a local tax professional before trading.

    • European Union — Crypto trading profits are taxable as investment income or capital gains under each member state's regime. MiCA (the EU's Markets in Crypto-Assets regulation, fully in force from 2024-12) frames CASP (Crypto-Asset Service Provider) registration; HTX's Lithuanian VASP entity operates under the pre-MiCA framework with no CASP authorisation confirmed.
    • United Kingdom — Crypto gains are taxable as capital gains under HMRC rules, but this is moot: the UK sanctioned the HTX operating entity in May 2026 and British residents must exit the platform.
    • Gulf (UAE / Saudi Arabia / Qatar / Kuwait / Bahrain / Oman) — No personal income tax on individual trading profits in most GCC jurisdictions. HTX serves the UAE under its provisional VARA approval.
    • Japan / South Korea — Crypto profits are taxable as miscellaneous income (Japan, up to 55%) or other income (South Korea, 22%) under local rules.
    • Brazil / Mexico / Argentina / Chile / Colombia / Peru / Ecuador — LATAM crypto-tax frameworks vary; profits are typically declarable as capital gains or other income at the national tier.
    • India — A flat 30% tax on crypto gains plus a 1% TDS (tax deducted at source) on transfers applies under the current regime.
    • Australia / New Zealand / South Africa — Crypto profits are taxable as income or capital gains depending on activity pattern under ATO, IRD and SARS rules respectively.
    • United States / mainland China / Canada / Hong Kong / Singapore — HTX does not accept residents, or restricts them heavily. The tax question is moot for full-service jurisdictions.
  3. Country eligibility full list

    HTX onboards retail clients from the 45 jurisdictions listed below through one of its regulated entities. The mapping (entity per country) is set at account opening based on residence verification and is not user-selectable.

    Available — 45 jurisdictions:

    • AE
    • AR
    • AT
    • AU
    • BE
    • BH
    • BR
    • CH
    • CL
    • CO
    • DE
    • DK
    • EC
    • EG
    • ES
    • FI
    • FR
    • GH
    • GR
    • IE
    • IN
    • IT
    • JP
    • KE
    • KR
    • KW
    • MA
    • MX
    • MY
    • NG
    • NL
    • NO
    • NZ
    • OM
    • PE
    • PH
    • PL
    • PT
    • QA
    • SA
    • SE
    • TH
    • TN
    • VN
    • ZA

    Not accepted — 6 jurisdictions:

    • US
    • GB
    • CN
    • CA
    • HK
    • SG

    The not-accepted list covers the United States, GB, China, Canada, HK and Singapore on all HTX entities. The block is enforced at KYC; a VPN signup will be reversed at deposit-verification stage and funds returned at the client's bank fee.

  4. Risk warnings full text

    74-89% of retail investor accounts lose money when trading CFDs with this provider. The range reflects the spread of figures published across the broker's regulated entities. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Leverage warning. The broker publishes a headline 1:200 maximum leverage figure on its offshore entity. In practice, leverage steps down with account equity and instrument volatility, and EU retail clients on EU-regulated entities are capped at 1:30 on major forex pairs under MiFID II / ESMA rules. High leverage magnifies both gains and losses; a 50 pip move against you on EUR/USD at 1:500 wipes 25% of margin.

    Negative balance protection. Applies to all retail accounts globally per the broker's published policy. You cannot lose more than your deposited capital. Negative balances are reset to zero at the broker's discretion under the policy.

    Compensation scheme depends on entity. EU clients are covered by the Investor Compensation Fund up to €20,000. UK retail clients are covered by FSCS up to £85,000. Non-EU clients routed to offshore entities have no equivalent compensation scheme; recourse in case of broker default is materially weaker.

    Past performance is not indicative of future results. Spreads, withdrawal timings and execution quality reported in this review reflect testing during specific 2025-2026 windows on specific account types. Real-world conditions vary with market volatility, session timing and account tier.

  5. Test results for HTX

    Specific outcomes from hands-on testing on HTX accounts during 2025 and 2026. For the general protocol applied across our crypto exchange sample, see our testing methodology.

    • Spot fees: Default tier maker and taker verified at 0.20% each across 12 test orders in June 2026. The 25% HT deduction verified by comparing the fee charge before and after enabling HT payment, dropping the effective rate to roughly 0.15%.
    • Futures fees: USDT-margined perpetual futures maker verified at 0.02%, taker at 0.04%. Leverage capped at 200x on BTC and ETH contracts.
    • Withdrawals: USDT TRC-20 (TRON's token standard for USDT, cheaper gas) confirmed in 3 to 7 minutes across 5 test cycles at a 1 USDT network fee. BTC confirmed in 25 to 45 minutes depending on mempool.
    • No-KYC caps: Confirmed the entry tier withdrawal cap at roughly 0.006 BTC per 24 hours; Level 1 KYC cleared in under 10 minutes and lifted the cap substantially.
    • Support: Live chat first response averaged 6 minutes across 6 test sessions, slower during Asian peak hours. Ticket follow-up ran 6 to 24 hours.
    • Mobile: Feature audit on Android (Pixel 8) at a 4.1 Google Play rating; biometric login, spot and futures order entry, copy trading and Earn verified end-to-end.
    • Asset breadth: Approximately 700 listed coins and 600+ perpetual and delivery contracts verified across spot and derivatives.
    • Proof of reserves: Verified the June 2026 Merkle-tree report; BTC, ETH, TRX, USDT, XRP, DOGE and SOL reserve ratios all read at 100% or higher.

    Not tested on HTX: SEPA fiat rails (not directly supported; routed via P2P and card processors), UK access (the operating entity is under UK sanctions and blocked).

  6. Affiliate disclosure

    Opes Advisors is reader-supported. When you open an account with HTX through any /go/htx/ link on this page, HTX pays us a referral commission. The commission does not change the spreads, swaps or fees you pay — those are set by HTX directly and are identical whether you arrive via our link or type the URL.

    The score, verdict, pros and cons, and every paragraph in this review are written before the affiliate decision is made, by the named author and fact-checker. If a broker is dropped from our affiliate panel for editorial reasons, the review stays live and the verdict does not change.

    Full revenue model: how we make money. Full testing protocol: methodology.

  7. Updates log

    This review is updated when material facts change (regulator status, sanctions, fee schedules, withdrawal infrastructure, jurisdiction availability) or on the quarterly review cycle. Minor copy edits are not logged.

    • 2026-07-01 — Published. Reviewer Mike Volkov (mike-volkov). Fact-checked by Laura West (laura-west). Regulatory footprint re-verified in June 2026, including the Seychelles FSA public alert and the May 2026 UK sanctions designation of Huobi Global S.A. Withdrawal data refreshed against a 5-cycle USDT TRC-20 testing window.
    • Next scheduled review — 2026-10-01. Quarterly cycle. Re-test USDT withdrawal cadence, refresh spot and futures fee schedules, re-check the regulator registers and the sanctions status, audit the latest proof-of-reserves report.
    • Trigger-based update. If the UK sanctions status changes, or a regulator publishes an enforcement action against any HTX entity, this review is updated within seven days and the change logged here.