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Based in Seychelles, HTX was founded in China and is now available in 100+ regions, including the UK. The company boasts over 45 million users, which is an amazing feat. Its popularity and reputation encouraged us to check it out. Our experts did everything, from researching the exchange online and testing it with a live account to reviewing its customer testimonials on Google Play, the App Store, and Trustpilot.
We have discussed what we discovered in this HTX review UK edition. Hopefully, you will use the information herein to weigh this exchange’s suitability and trustworthiness. That said, if you are new to crypto trading, we highly recommend educating yourself before checking out what HTX offers or opening an account with this exchange.
HTX
✔Supports hundreds of crypto assets
✔Intuitive user interface
Our Opinion about HTX
We encourage UK crypto traders and investors to check out HTX because this exchange has a solid reputation and is highly secure. If you are still unsure about this platform, check out the brief list of its pros below. But note that, like other exchanges, HTX has a handful of cons, some of which we’ve outlined below.
Pros & Cons
Pros
- Supports hundreds of crypto assets
- Implements robust security measures
- Offers a modern, intuitive user interface
- Has a P2P platform with zero trading fees
- Reasonable maker and taker fees
- Mobile trading apps are available
- Offers quick crypto loans
Cons
- Limited support channels
- Primarily designed for experienced traders
Cryptos Available
HTX allows its users to buy, sell, trade, and stake diverse crypto assets. Presently, this exchange supports over 400 coins and tokens, including popular options like:
- Bitcoin
- Dogecoin
- Ethereum
- Litecoin
- USDT
- Blast
- BNB
- Polkadot
- Uniswap
In addition to crypto, the HTX exchange UK platform supports a wide variety of fiat currencies, from GBP and AUD to EUR and USD.
Storage & Security
The HTX exchange is reputable and secure. The company launched its trademark Security Reserve, which holds 20,000 BTC, a few years ago. Its primary role is to protect investors against security mishaps that may plague the exchange and lead to loss of funds. If any adverse incident that isn’t affiliated with your actions as an HTX user occurs, you can rest assured you will receive upfront compensation.
HTX also optimizes the security of client assets by using highly secure cold and hot wallets. The company keeps investor funds and assets in multi-signature cold wallets with top-tier security protocols designed to deter malicious actors. What’s more, the company encrypts each client’s personal data with state-of-the-art techniques like Secure Socket Layer Encryption. The exchange’s network servers are protected by advanced firewalls.
Additionally, to ensure you don’t lose your resources while transacting on HTX, the company freezes merchant coins as soon as you initiate a purchase. The frozen assets get released once you pay the merchant and receive what you’ve ordered.
What’s more, HTX allows users to acquire the Ambire Wallet. This premium self-custodial wallet doesn’t collect personal data and allows you to enhance the safety of your crypto assets with security measures like 2FA and biometrics.
Fees & Commissions for UK Traders
You can open a free HTX account today. Also, you won’t incur any account management fees with this exchange.
That said, HTX has a tiered fee structure that you should check out before signing up. We evaluated it and discovered a few things. First, this company has a 0.2% base fee for crypto-to-crypto traders. Furthermore, the exchange requires HT holders to cover a small fee rate ranging from 0.07% to 0.18%. HTX users with higher HT holdings enjoy lower fee rates and vice versa.
HTX also has a unique tiered fee program for professional traders. If you are a professional crypto trader with a large 30-day BTC trading volume, you can enjoy low maker/ taker fees starting from 0.0097%/ 0.0193%. This program’s maximum maker/taker fee rate is 0.0362%/0.0462%, which applies to investors with 30-day BTC and HT trading volumes ranging from 700-999 BTC and 2000 HT, respectively.
If you use credit card to buy crypto on HTX, you will have to cover a 1% fee. Please note that this exchange also charges deposit and withdrawal fees for fiat currencies. You can check the exact charges and deposit/withdrawal limits through your account. Just log in, navigate to the “Balance” section, and click “Deposits and Withdrawals.”
Payment Methods
HTX allows its users to deposit, withdraw, and buy crypto using various payment methods. They include:
- Faster Payments
- Credit/debit card
- E-wallets like PayPal and Neteller
- Crypto deposits
Please note that the exchange’s P2P platform allows traders to use many other solutions. Presently, the platform supports over 98 local payment methods, ranging from Apple Pay and AirTm to Skrill and Western Union. Moreover, the exchange supports a broad range of fiat currencies, including GPB, EUR, and USD.
HTX Support Service
Do you have any queries or concerns? Visit HTX’s support page and peruse the FAQs. You may find a fitting solution there, which will save you from having to contact the exchange’s customer support team. But if what you’re looking for hasn’t been addressed in one of the FAQs, go ahead and contact the company’s representative.
HTX’s email support channel is open 24/7. We tried it and got a detailed response within an hour, so we encourage you to use it. Unfortunately, this exchange has yet to offer live chat and phone support in the UK.
How to Open an Account at HTX Exchange
Opening an HTX account is easy. And the best part is you can start trading with this exchange without undergoing KYC verification. However, if you do that, your privileges will be limited. Register and verify your account with valid information and documentation to enjoy the best perks, including the highest 24-hour withdrawal limits.
With that in mind, you can open an account with HTX by doing the following:
Step 1: Visit the HTX exchange official site
Step 2: Sign up
Step 3: Complete verification
Step 4: Fund your account
Step 5: Start trading and investing
The HTX webpage has a rich suite of features and components that you should check out. They range from the crypto purchase avenues and available markets to information regarding crypto loans and referral rewards. You should visit this platform and probe around before doing anything. Don’t forget to read the incorporated user agreement and privacy policy documents.
Remember, although you can trade and invest from the web-based platform, this exchange has dedicated apps for mobile users. If you want to trade on the go, download the right app from the HTX home page.
Click “Sign up” and use either your phone number or email address to register. You should provide valid details here since you’ll need to verify them by either clicking the link sent to your address or keying in a code that will be sent to your mobile number. Also, create a strong, unguessable password guaranteed to protect your exchange account from unauthorised access.
After submitting the required information, log into your account and enable 2FA. That is indispensable in protecting your assets.
Open your profile and click the “Unverified” button. You’ll need to go through different verification steps to unlock unique permissions. We encourage you to complete all levels.
In level 1, specify your nationality and country of residence, then provide your full name and date of birth. Proceed to level 2 and prove your identity with valid and clear ID photos. Finally, complete facial recognition and wait for the HTX team to approve your application.
While waiting for your account to be verified, enhance security with measures like anti-phishing code. Once you’re good to go, visit the “Balances” or “Assets “section, select your preferred deposit method, be it fiat or crypto, and follow the instructions. You can also add a payment method for making purchases and trading on the P2P platform by opening “Fiat Setting” and selecting “Add a new payment method.”
To start investing and trading, visit “Markets” or “Trade.” The Markets page allows you to earn returns from the trading opportunities available in spot markets. From it, you can also learn to trade, seek insight from the HTX community, and more.
The HTX “Trade” page also offers the opportunity to spot trade crypto with advanced tools, amplify your profits with flexible margins, and use quant strategies to automate trading. This exchange also supports copy trading and has a vibrant P2P platform.
Conclusion
We have introduced you to almost everything that you need to know about HTX. The ball is now in your court. Compare what this exchange offers against your needs and preferences. Then, determine if it’s right for you or if searching for a different service provider is in your best interests.
Don’t forget that crypto trading is risky. Before trading or investing in digital assets, prepare a well-defined budget and stick to it. Furthermore, avoid incurring crippling losses by diversifying your trading and investment portfolio. Lastly, stay informed by keeping up with the latest crypto-related news and trends.
InvestingGuide Rating:
✔Supports hundreds of crypto assets
✔Intuitive user interface
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