HTX (formerly Huobi) Review
Why choose this provider
- Wide selection of cryptocurrencies and trading pairs
- Proof of reserves for transparency
- Offers staking, lending, and margin trading
- High liquidity and trading volume
Risk warning: Cryptocurrency is a volatile, high-risk asset class. Prices can fall as well as rise, and you could lose some or all of the money you put in. Custodial providers carry counterparty risk; self-custody puts key security entirely on you. This page is general information, not financial advice.
Review summary
HTX, formerly known as Huobi, is a major centralized crypto exchange that offers a wide range of trading pairs and features. While it provides proof of reserves, it is not available to US users and operates as a custodial platform.
Pros
- Wide selection of cryptocurrencies and trading pairs
- Proof of reserves for transparency
- Offers staking, lending, and margin trading
- High liquidity and trading volume
Cons
- Not available to US residents
- Custodial platform with counterparty risk
- Past security incidents may concern some users
In practice
HTX, formerly known as Huobi, is a major centralized crypto exchange that offers a wide range of trading pairs and features. While it provides proof of reserves, it is not available to US users and operates as a custodial platform. HTX (formerly Huobi) is custodial, meaning the operator holds the assets backing the product. HTX (formerly Huobi) publishes proof-of-reserves reports, which is worth reading even if you still plan to withdraw to self-custody. HTX (formerly Huobi) does not serve US residents on this product; check regional terms before signing up.
Where it shines
Most satisfied users mention wide selection of cryptocurrencies and trading pairs first, and that matches how we use HTX (formerly Huobi) day to day. The second selling point is proof of reserves for transparency. Power users also cite offers staking, lending, and margin trading.
Watch out for
The friction points are predictable: Not available to US residents, Custodial platform with counterparty risk, and Past security incidents may concern some users. Test with a small balance before you move long-term holdings. Compare total fees on the order types you actually place at HTX (formerly Huobi). Confirm withdrawal limits and supported fiat rails for your bank.
How it compares
One catalogue note worth keeping in mind: WEAKEST-TRUST operating venue: self-attested PoR, Justin Sun/TRON governance concerns, UK FCA litigation + sanctions exposure, 2023 hot-wallet exploits. Warn prominently or exclude. That context matters when you weigh HTX (formerly Huobi) against similar exchange options.
Compare total fees on the order types you actually place at HTX (formerly Huobi). Confirm withdrawal limits and supported fiat rails for your bank.
Catalogue note for HTX (formerly Huobi): WEAKEST-TRUST operating venue: self-attested PoR, Justin Sun/TRON governance concerns, UK FCA litigation + sanctions exposure, 2023 hot-wallet exploits. Warn prominently or exclude. Treat that as background, not a reason to skip your own checks.
Key details
| Maker / taker fee | Spot 0.20%/0.20%, lower by tier |
|---|---|
| Supported coins | 700+ |
| Fiat on-ramps | Card, P2P, third-party |
| KYC level | required |
| US allowed | |
| Proof of Reserves | y - Merkle-tree PoR published |
| Order-book depth | High on majors |
| Instruments | spot, futures, margin, earn |
Provider FAQs
Is HTX safe to use?
Can I use HTX in the United States?
What is the difference between HTX and Huobi?
Is HTX (formerly Huobi) available to US residents?
Does HTX (formerly Huobi) publish proof of reserves?
Does HTX (formerly Huobi) hold my private keys?
What fees should I compare on HTX (formerly Huobi)?
Bottom line
HTX is a well-established exchange with a strong global presence and a wide array of trading options. Its proof of reserves adds transparency, but the custodial nature and US restriction are key drawbacks. Users should weigh these factors against their own needs and risk tolerance before signing up.
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