This comprehensive tutorial walks you through purchasing Bitcoin Cash (BCH) on HTX (formerly Huobi), covering account setup, security measures, and trading strategies—perfect for new investors.
Step 1: Register an HTX Account
To start trading BCH, create an HTX account:
- Visit HTX Official Site: Navigate to HTX’s website (verify the URL to avoid phishing scams).
- Sign Up: Click "Register" and choose email or mobile verification.
- Set Credentials: Use a strong password (mix uppercase, numbers, symbols) and agree to terms.
- Complete Verification: Confirm via email/SMS to activate your account.
Step 2: Identity Verification (KYC)
HTX mandates KYC for security and regulatory compliance:
- Log in → Navigate to "Identity Verification" under account settings.
Submit:
- Personal details (full name, nationality, ID number).
- Clear photos of ID (passport/driver’s license).
- Live facial recognition.
- Wait for approval (typically 24–48 hours).
Step 3: Fund Your HTX Account
Deposit crypto or fiat to purchase BCH:
Select Deposit Method:
- Crypto: Choose USDT, BTC, or ETH under "Assets" → "Deposit".
- Fiat: Link a bank card or use third-party providers (e.g., MoonPay).
Transfer Funds:
- Copy HTX’s wallet address (double-check the network, e.g., ERC-20 for USDT).
- Initiate transfer from your external wallet/exchange.
- Confirm Arrival: Track via blockchain explorer; balance updates in HTX within minutes.
Step 4: Buy Bitcoin Cash (BCH)
Execute your BCH trade:
- Go to Trading Page: Select "Spot Trading" → Search for BCH/USDT or BCH/BTC.
Order Types:
- Limit Order: Set a target price (e.g., buy BCH at $200).
- Market Order: Instant purchase at current rates.
- Review & Confirm: Enter amount → Check details → Click "Buy BCH".
👉 Explore advanced trading tools
Step 5: Security Best Practices
Protect your BCH investments:
✅ Enable 2FA: Use Google Authenticator/Authy.
✅ Beware Phishing: Bookmark HTX’s official site.
✅ Cold Storage: Transfer BCH to hardware wallets (e.g., Ledger) for long-term holding.
⚠️ Risk Warning: Crypto markets are volatile—invest only what you can afford to lose.
FAQs
Q1: Why hasn’t my deposit arrived?
A: Check the TXID via blockchain explorer. If pending >1 hour, contact HTX support with transaction details.
Q2: How do I withdraw BCH?
A: Navigate to "Assets" → "Withdraw" → Enter a valid BCH wallet address and amount.
Q3: What are HTX’s trading fees?
A: Makers pay 0.2%; takers pay 0.4%. VIP tiers lower fees (e.g., VIP1: 0.18%/0.38%).
Q4: Is BCH a good investment?
A: Research market trends, utility (fast transactions), and diversify your portfolio.
Final Tip: Stay updated with HTX’s announcements for fee discounts and new listings!