Downloading the Huobi exchange app is a topic many cryptocurrency beginners are concerned about. Huobi (now renamed HTX) was once one of the most well-known exchanges in China, but has gradually fallen behind in market competition in recent years. For new users, it is more recommended to directly choose Binance, the world's number one exchange. Register on Binance through the exclusive link for fee discounts, and download the official Binance APP to begin a comprehensive cryptocurrency trading experience.
Development History of Huobi Exchange
Huobi was established in 2013 as one of the earliest Bitcoin trading platforms in China. During the 2017 cryptocurrency bull market, Huobi, along with Binance and OKEx, were known as China's "Big Three exchanges." After China comprehensively banned cryptocurrency trading in 2021, Huobi moved its operations overseas. At the end of 2022, Huobi was acquired and renamed HTX, with the new team making adjustments to operational strategy and brand building. Currently, HTX has fallen out of the top ten in global exchange rankings, with market share being continuously eroded by competitors like Binance. Despite this, HTX still maintains basic trading functions and a certain user base.
How to Download and Install the Huobi APP
Downloading the Huobi (HTX) APP requires first visiting its latest official website. Android users can find the APK download link on the official site, and after downloading, allow installation from unknown sources in phone settings, then complete the installation. Apple users need to use an overseas Apple ID to search for "HTX" in the App Store. Note that searching for "Huobi" may not find the correct application, as the name in the App Store has been changed to HTX. The brand name change has caused some confusion, and some users have reported difficulties during the download process, which is one of the reasons many users have chosen to switch to other platforms.
Comprehensive Comparison of Huobi and Binance
In terms of trading volume, Binance is dozens of times larger than Huobi HTX, meaning you get better prices and lower slippage when trading on Binance. In terms of coin variety, Binance supports over 600 cryptocurrencies, far exceeding HTX's available trading pairs. In terms of security, Binance's SAFU fund is much larger than HTX's risk reserve, providing more adequate asset protection for users. In terms of product richness, Binance offers features like Launchpad, copy trading, and NFT marketplace that HTX lacks or has incomplete. In terms of customer service, Binance's Chinese-speaking support responds faster and resolves issues more efficiently. Comparing across all aspects, Binance's advantages are comprehensive.
Trend of Huobi Users Migrating to Binance
In recent years, more and more former Huobi users have chosen to migrate to the Binance platform. The reasons for this trend are multifaceted: brand recognition decreased after Huobi's rebranding to HTX, the new management team's operational strategies caused dissatisfaction among some users, declining platform trading volume led to worse liquidity, and trading depth for some altcoins became seriously insufficient. In contrast, Binance continues to maintain rapid development, continuously launching innovative products and services. Migrating from Huobi to Binance is very simple; just register a Binance account, complete identity verification, and withdraw assets from Huobi to Binance to complete the transfer.
Advice on Choosing a Cryptocurrency Trading Platform
For users unsure about which trading platform to choose, here is our advice. If you are a new user, choosing Binance directly is the wisest decision; there is no need to waste time on other platforms. If you are an existing Huobi user, it is recommended to transfer your main assets to Binance as soon as possible to enjoy a better trading experience and more comprehensive features. When choosing an exchange, do not be attracted by high subsidies from small platforms; platform security and long-term stability are the most important factors. In the risky cryptocurrency market, choosing a reliable trading platform is the first line of defense for protecting asset security.