Comparison of Htx vs Bitso [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Htx vs Bitso comparison!

Your expert: Alejandro Borja

Htx

Your expert: Xavier Tarrasó

Bitso

Main points

Fees

≤0,20%

Earns

Customer service

2/5

0,075%/0,098%

Fees

Yes

Earns

4/5

Customer service

Recommended for

Beginners

Trading

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.1 – Competitive fees with additional rewards for using the native token.

3.9 – Competitive fees within Latin America.

Level

≤0,20%

0,075%/0,098%

Brief explanation

HTX employs a tiered fee structure, with trading fees decreasing as users trade more or hold more HTX Tokens (HT). The base trading fee for users with less than 10 HT is 0.20% per trade. However, by holding HT, users can receive significant discounts on these fees, reducing them to as low as 0.07% for high-volume traders. Additionally, HTX offers competitive fees for deposits and withdrawals, depending on the method and currency used. Crypto deposits are generally free, while fiat deposits and withdrawals can incur minimal fees. HTX’s fee structure is designed to be transparent and user-friendly, ensuring that traders can focus on their trading strategies without worrying about hidden costs .

Bitso maintains a competitive edge in the crypto exchange landscape through its straightforward and relatively low fee structure. The platform employs a maker-taker fee model, which incentivizes market liquidity. Makers, who add liquidity by placing limit orders, enjoy lower fees compared to takers, who remove liquidity by executing against existing orders. Fees can vary depending on the user’s 30-day trading volume, promoting more frequent trading by offering decreasing fees for higher volumes. This tiered approach not only supports active traders but also ensures the platform remains accessible to newcomers, keeping initial costs lower than many other exchanges.

Htx

1. Security Measures HTX takes security seriously with features such as cold storage, two-factor authentication (2FA), and SSL encryption. These measures ensure user funds and data are well-protected, reducing the risk of unauthorized access and cyber threats.
2. High Liquidity HTX ranks among the top cryptocurrency exchanges globally, offering deep liquidity for popular trading pairs. This high trading volume ensures efficient order execution and minimizes slippage, making it a reliable platform for large and small traders alike.
3. Transparent Fee Structure HTX maintains a competitive and transparent fee structure, catering to a wide range of traders. The clear breakdown of deposit, trading, and withdrawal fees helps users understand and manage their trading costs effectively.
4. Regulatory Compliance While HTX operates in an essentially unregulated environment, it adheres to strict compliance protocols in regions like Hong Kong and Nevada. This regulatory oversight provides an additional layer of trust for users concerned about the legal standing of their trading platform.
5. Positive Reputation and Reviews HTX has built a strong reputation over the years, supported by generally positive reviews from its extensive user base. The platform's longevity and consistent service quality contribute to its credibility in the competitive crypto exchange market.

Bitso

Year Founded: Established in 2014, Bitso has a long-standing presence in the cryptocurrency market. This longevity is a testament to its resilience and adaptability in the rapidly evolving crypto environment.
Security Methods: Bitso employs robust security measures including two-factor authentication, cold storage of digital assets, and multi-signature wallets. These practices ensure a high level of security for user funds and transactions.
Possible Regulation: Bitso is regulated by the Gibraltar Financial Services Commission (GFSC), one of the few cryptocurrency exchanges in Latin America to be overseen by such a respected regulatory body. This regulation reinforces Bitso's commitment to compliance and security standards.
Trading Volume and Liquidity: Bitso provides substantial trading volume and liquidity, making it easier for users to execute trades efficiently and at desired prices. This is particularly beneficial in a market known for its volatility, where trading depth can significantly impact transaction costs and speed.
Customer Service: Bitso offers exceptional customer service with support available 24/7 through multiple channels, including live chat and a comprehensive help center. This dedication to customer support ensures that users' queries and issues are addressed promptly and effectively, enhancing the overall user experience.

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Account Minimum

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Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

Unknown

Bitso SAPI de CV

Regulation

Not regulated

Regulated in México

Year founded

Unknown

2014

Founder

Unknown

Pablo González, Ben Peters, Daniel Vogel

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Card

Yes

Comparative table

Htx	FEATURES	Bitso
The minimum trade amount is user-friendly, accommodating small-scale traders.	Minimum Trade	The minimum trade amount is low, enabling accessibility for traders of all sizes.
HTX has competitive fees, with discounts available for HT holders, though some markets have higher fees.	Trading and Transaction Fees	Bitso offers competitive fees, with a sliding scale that benefits high-volume traders.
Supports over 700 cryptocurrencies, making it one of the most comprehensive exchanges.	Number of Cryptocurrencies	Bitso supports major cryptocurrencies but has a more limited selection compared to larger exchanges.
Offers more than 230 trading pairs, providing extensive trading options.	Crypto-to-Crypto Trading Pairs	Offers a moderate range of crypto-to-crypto trading pairs, adequate for most traders.
Generally transparent, though some users report difficulty finding specific fee details.	Website Transparency	Bitso provides clear and detailed information on its operations and security measures.
HTX does not currently offer its own exchange card for customers to use for in-store purchases and receive benefits.	Credit/Debit Card	Bitso lacks a dedicated exchange card, limiting its utility for in-store cryptocurrency transactions and associated benefits.
Utilizes cold storage for the majority of funds, ensuring high security.	Storage Offering	Secure storage with cold wallets and multi-signature technology to ensure safety.
Offers staking on multiple assets with competitive APYs, though availability can be limited.	Staking and Rewards	Provides some options for staking and rewards but not as extensive as some competitors.
High-rated mobile app with robust features; desktop app available and efficient.	Mobile App and Desktop	Highly functional and user-friendly mobile and desktop platforms that enhance trading experience.
Provides multiple support channels, but response quality can be inconsistent.	Customer Service	Excellent customer support with 24/7 access via multiple channels, including live chat.
Supports various methods, but fiat withdrawals are limited; some users find the withdrawal process complex.	Deposit and Withdraw	Efficient deposit and withdrawal processes, though mainly tailored to Mexican users.

Key features

Analysis tools

Unknown

Basic charting tools

Mobile APP

Security

High 4,9/5

High 4/5

Additional features

Margin trading, futures trading, staking, HTX token (HT) rewards

Crypto-to-crypto trading, Bitso Transfer (payment service), staking, educational resources

Anonymity

Yes

Key points

Available cryptocurrencies

Information not readily available

30+

User-friendliness

HTX provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Bitso provides a straightforward and user-friendly interface, ideal for beginners. The platform focuses on making cryptocurrency trading accessible and easy to understand for new users.

Value for money

Provides decent value for money with competitive fees and a user-friendly interface, though it may lack some advanced features.

Delivers decent value for money with competitive fees and a strong presence in Latin America, making it a good choice for regional users.

Countries of operation

China, Singapore, United States, Canada, Australia

Mexico, Argentina, Brazil

Best for

Ideal for traders seeking a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies.

Suitable for Latin American investors, particularly those in Mexico, Argentina, and Brazil, looking for a reliable platform with competitive fees.

Base currencies available

Not widely known

MXN, ARS, BRL, BTC

Account

Trading

HTX provides a secure and user-friendly platform with a good selection of cryptocurrencies. It offers competitive fees but lacks some advanced trading features.

Bitso is the leading exchange in Latin America, offering a variety of cryptocurrencies and easy fiat integration. It is user-friendly but might not have the advanced tools needed by professional traders.

Deposit and withdrawal

HTX provides multiple deposit options, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Bitso provides easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, typically within a day. Fees are competitive, making it a good choice for Latin American users.

Account opening process

HTX offers a seamless account registration process. Users need to fill out personal details and verify their identity. The process is fully digital and typically completed within a day.

Bitso’s account opening process is simple and fully digital. Users need to provide personal information and verify their identity. The process is quick, typically taking less than a day to complete.

KYC required?

Yes

Customer Service

HTX offers support through email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Bitso provides support through email and live chat. The support team is knowledgeable and responsive, but the lack of 24/7 support may be a drawback for some users.

Security

HTX provides strong security with 2FA and encryption. Despite its robust security measures, the platform lacks regulation from top-tier financial authorities, which could be a concern for some investors.

Bitso ensures security through 2FA, encryption, and cold storage. It is regulated by Mexican authorities, providing a secure environment for investors.

Which of these exchanges is for you?

Alejandro Borja

As a cryptocurrency analyst, I find HTX to be a robust platform suitable for a range of trading needs. With over 700 cryptocurrencies available and a variety of advanced trading options, HTX caters to both novice and experienced traders. The platform’s security measures, including two-factor authentication and cold storage, provide significant peace of mind. However, its complex interface can be daunting for beginners, and higher fees in some markets may affect frequent traders. Despite these drawbacks, HTX’s extensive offerings and solid security make it a compelling choice for serious traders .

Xavier Tarrasó

As an expert reviewer on our website, I find Bitso to be a solid choice for traders, especially those based in Latin America. Its strong regulatory compliance, combined with a user-friendly interface and dedicated customer service, makes it a reliable platform. However, if you’re looking for a wider variety of cryptocurrencies or need more global payment options, you might want to explore other exchanges. Nonetheless, for those new to cryptocurrency or primarily trading in Mexican Pesos, Bitso offers an excellent starting point.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.