What is HTX Fees?
Headquartered in the Seychelles, HTX(Huobi) is a cryptocurrency trading platform known for offering over 400 unique trading pairs. The exchange also has its own native token, which can be exchanged for other tokens on its platform.
To facilitate the trading operations on the exchange, Huobi has a specific fee structure for the investors. Let’s get into the details of fees for Pakistani investors.
While the exchange was initially targeted towards the Chinese market, Huobi has expanded its operations to over 100 countries, including Pakistan.
HTX Fees
Different fees are charged for the various trading features offered on the platform. Mentioned below are the trading fee structures for spot and derivatives trading, as well as deposits and withdrawals.
Deposit & Withdrawal Fees
You can see the withdrawal limits, minimum withdrawals, and even the withdrawal fees if you log in to your Huobi account. The withdrawal fees will usually depend on the network of the token that you are withdrawing, like how busy it is, etc.
- So, just log in to your account on Huobi. Click the “Balance” option to open a drop-down menu, then select “Deposit and Withdrawal.” Choose the token and select “Withdraw” to expand that section. You may then perform a search by typing the token symbol within the search bar.
- Note that there is a certain withdrawal limit, which inhibits your ability to withdraw beyond that specific limit. If your daily limit has been reached, you can withdraw the remaining funds the next day.
- As for the withdrawal fees, as stated previously, that depends on the token you are withdrawing, and it will be subtracted from the total withdrawal amount. Moreover, the withdrawal fees can be periodically updated according to the conditions of the market, with the same being true for the minimum withdrawal amounts.
Spot & Derivatives Fees
The general fee structures for spot and derivatives trading can be a bit competitive, enough to warrant taking a brief look into them, which this section will do.
Spot Trading Fees
Huobi Global charges its users a base fee of 0.20%. Users who hold its native token, i.e., Huobi Token (HT), are eligible to receive discounts on trading fees. Moreover, these (trading fees) can decrease based on how much HT a user currently holds in their exchange.
For instance, if a user holds 10 HT in their wallet, they can receive a discount of up to 10%, lowering the base fee to 0.18%. And if they happen to hold 5000 HT, the maximum amount that is eligible for discounts, then the base fee is reduced to just 0.07%, i.e., receiving a discount of approximately 65%.
However, the fees mentioned here so far only apply to normal users; there is another tier of users to whom the standard fee structure does not apply.
These include the professional traders on the Huobi platform. For professional traders, the taker fees begin at 0.0462% and the maker fees at 0.0362%. The fees then decrease based on what level the professional trader is at, their HT holdings, and their trading volume. So, for professional traders who are at level 9, which is the highest possible level they can reach, the maker fee is 0.0097%, whereas the taker fee sits at 0.0193%.
Futures Trading Fees
For futures trading, the fee structure looks a bit different. Fees can differ slightly based on the trading pairs or services involved.
For instance, trading pairs with USD have a maker fee of 0.02% and a taker fee of 0.04%, with the delivery fees differing slightly, at least with BTC, which is 0.015%.
After that, there is the fee rate for USDT-margined futures, with the maker fee being -0.005% and the taker fee being 0.030%.
Again, there is a preferential policy for professional traders here as well. As a result, the USDT-margined futures fee rate for all professional traders is a maker fee of -0.015% and a taker fee of 0.020%.
Leverage Fees
From what we have gathered, Huobi does not charge leverage trading fees based on how much traders are leveraging. While the incentives for a successful leverage trade do differ, the fees don’t.
FAQs
What are HTX fees?
Huobi fees represent the amount that Huobi deducts from the trading that takes place on its platform, i.e., whenever you purchase, sell, or move cryptocurrencies within its platform.
What fees does HTX charge?
Except for deposits, Huobi charges fees for nearly every activity on its platform, including spot trading, derivatives, futures, swaps, withdrawals and more.
How much are HTX fees?
Overall, Huobi's fees tend to be low and in line with what many cryptocurrency exchanges these days are offering. However, there might be several exchanges out there which charge lower fees than Huobi. The most prominent example here would most likely be Binance, since its base fee sits at 0.10%, while Huobi's is 0.20%.
Still, the Huobi fees can be lowered if you hold certain amount of HT traders or you trade professionally.