How is HTX's handling fee calculated? A complete analysis of the cost of buying and selling Bitcoin

HTX uses a maker-taker fee model with tiered rates based on 30-day trading volume, ranging from 0.20% for VIP 0 to 0.01% for VIP 6 traders.

May 08, 2025 at 06:07 pm

HTX, formerly known as Huobi, is one of the leading cryptocurrency exchanges globally, known for its robust trading platform and diverse range of digital assets. Understanding the handling fees associated with buying and selling Bitcoin on HTX is crucial for traders looking to optimize their trading strategies. In this article, we will delve into a complete analysis of how HTX calculates its handling fees and the overall cost implications for buying and selling Bitcoin.

Understanding HTX's Fee Structure

HTX employs a maker-taker fee model, which is common among many cryptocurrency exchanges. This model distinguishes between makers, who provide liquidity to the market by placing limit orders, and takers, who take liquidity away from the market by placing market orders. The fees for makers are typically lower than those for takers, incentivizing traders to add liquidity to the market.

• Maker Fee: This is the fee charged when you place an order that does not immediately execute and instead adds liquidity to the order book.
• Taker Fee: This is the fee charged when you place an order that immediately executes and removes liquidity from the order book.

HTX's Fee Tiers

HTX's fee structure is tiered, meaning that the fees you pay depend on your trading volume over a 30-day period. The more you trade, the lower your fees become. Below is a breakdown of the fee tiers for Bitcoin trading:

• VIP 0: 0.20% maker fee, 0.20% taker fee (for trading volumes less than 200 BTC)
• VIP 1: 0.15% maker fee, 0.15% taker fee (for trading volumes between 200-500 BTC)
• VIP 2: 0.10% maker fee, 0.10% taker fee (for trading volumes between 500-1000 BTC)
• VIP 3: 0.05% maker fee, 0.05% taker fee (for trading volumes between 1000-2000 BTC)
• VIP 4: 0.03% maker fee, 0.04% taker fee (for trading volumes between 2000-5000 BTC)
• VIP 5: 0.02% maker fee, 0.03% taker fee (for trading volumes between 5000-10000 BTC)
• VIP 6: 0.01% maker fee, 0.02% taker fee (for trading volumes over 10000 BTC)

Calculating Handling Fees for Buying Bitcoin

When you buy Bitcoin on HTX, the handling fee is calculated based on the amount of Bitcoin you are purchasing and the applicable fee tier. Let's walk through an example to illustrate how this works.

Suppose you are a VIP 0 trader and you want to buy 1 BTC at a price of $30,000. The total cost before fees would be $30,000. Since you are placing a market order (taker order), the fee would be 0.20% of the total transaction value.

• Transaction Value: $30,000
• Fee Rate: 0.20%
• Fee: $30,000 0.20% = $60

Therefore, the total cost for buying 1 BTC would be $30,060.

Calculating Handling Fees for Selling Bitcoin

When you sell Bitcoin on HTX, the handling fee is also calculated based on the amount of Bitcoin you are selling and the applicable fee tier. Let's consider another example to illustrate this process.

Assume you are a VIP 1 trader and you want to sell 0.5 BTC at a price of $30,000 per BTC. The total value before fees would be $15,000. Since you are placing a market order (taker order), the fee would be 0.15% of the total transaction value.

• Transaction Value: $15,000
• Fee Rate: 0.15%
• Fee: $15,000 0.15% = $22.50

Therefore, the total amount you would receive after fees would be $14,977.50.

Impact of Trading Volume on Fees

Your trading volume over the past 30 days plays a significant role in determining your fee tier. Higher trading volumes can significantly reduce the fees you pay, making it more cost-effective to trade larger amounts. Here’s how you can track your trading volume:

• Log into your HTX account.
• Navigate to the 'Trading' section.
• Select 'Account Overview'.
• Look for the '30-day Trading Volume' section.

By monitoring your trading volume, you can better understand how close you are to the next fee tier and adjust your trading strategy accordingly.

Additional Considerations

While the maker-taker fees are the primary costs associated with buying and selling Bitcoin on HTX, there are other factors to consider:

• Withdrawal Fees: HTX charges a fee for withdrawing Bitcoin from your account. The withdrawal fee for Bitcoin is typically around 0.001 BTC, but this can vary.
• Deposit Fees: HTX does not charge fees for depositing Bitcoin, but you may incur fees from your wallet or payment provider.
• Network Fees: When withdrawing Bitcoin, you will also need to pay network fees, which are separate from HTX's withdrawal fees and depend on the Bitcoin network's congestion.

Strategies to Minimize Fees

There are several strategies you can employ to minimize the fees you pay on HTX:

• Use Limit Orders: By using limit orders instead of market orders, you can act as a maker and benefit from lower maker fees.
• Increase Trading Volume: Trading larger volumes can help you move up to higher fee tiers, reducing the percentage of fees you pay.
• Referral Programs: HTX offers a referral program where you can earn a percentage of the fees paid by users you refer to the platform. This can offset some of your trading costs.

FAQs

Q: Can I reduce my fees by using HTX Token (HT)?

A: Yes, holding HTX Token (HT) can help you reduce your trading fees. HTX offers a fee discount program where users can get up to a 50% discount on trading fees by using HT to pay for them. The exact discount depends on the amount of HT you hold.

Q: Are there any special promotions that can affect my fees?

A: HTX occasionally runs promotions and special events that can offer reduced fees or other benefits. It's a good idea to check the HTX website or app regularly for any ongoing promotions that might help you save on fees.

Q: How does HTX's fee structure compare to other major exchanges?

A: HTX's fee structure is competitive with other major exchanges like Binance and Coinbase. While the base fees might be similar, the tiered system and the ability to use HT to reduce fees can make HTX more cost-effective for high-volume traders. However, the best exchange for you will depend on your specific trading needs and the assets you want to trade.

Q: Can I calculate my potential fees before making a trade?

A: Yes, HTX provides a fee calculator tool on its website. You can use this tool to estimate the fees you will pay based on the trade size and your current fee tier. Simply enter the trade details, and the calculator will show you the estimated fees.