One of the largest global exchanges, HTX exchange (formerly Huobi) offers crypto investors more than 364 different cryptocurrencies and 57 local currencies, as well as margin trading, futures trading, and more. Koinly can help you do your HTX taxes safely, quickly, and accurately.
HTX no longer operates in the United States so it's unlikely the exchange is reporting to the IRS - although HTX may be facing pressure from other tax offices globally to share customer data.
Trades older than 4 months cannot be imported with HTX API. If you have trades older than this, use the CSV file method below instead.
You'll need to start by downloading a CSV file with your full trading history from HTX before you can upload it to Koinly - here's how.
1. HTX only lets you export 4 months' worth of transaction data at a time. If you have more transaction data, you'll need to request a file from HTX using the link above.
2. You'll also need to verify your account with ID to make a transaction data request. HTX states they respond to these data requests within 5 business days.
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No, HTX doesn't provide specific HTX tax documents or tax reports. But as one of the biggest crypto exchanges going, HTX has teamed up with some awesome crypto tax apps so you can use your HTX transaction history report to generate a tax report for HTX. The easiest way to do this is using the HTX tax report API.
The easiest way to get your HTX tax documents is to connect to crypto tax software via API or by uploading a CSV file of your HTX transaction history. Your crypto tax calculator will then calculate your HTX taxes for you and generate your HTX tax documents.
No. HTX shut down operations in the US as of December 15, 2019.
You can use your HTX transaction history as an account statement. It has your complete HTX trading history and you can use it to generate a HTX tax statement. Once you've got your HTX account statement - calculate your crypto taxes yourself or upload your HTX financial statement to a crypto tax app to fetch a HTX tax statement in a snap.
Yes, if you’ve made any capital gains or income as a result of your crypto investment activities on HTX, you'll need to report these to your tax office and pay taxes on them. Your country tax regulations will specify what are the income and gains thresholds for paying taxes. Check out our tax guide for your country.
HTX has some KYC verification procedures in place for users who wish to withdraw over a certain limit. The majority of small traders do not need to complete KYC to use HTX.
HTX has not suffered any major hacks and is generally considered secure. HTX has however announced it is impacted by the FTX bankruptcy and the CEO Justin Sun has faced several controversies. Your crypto is always safest in a non-custodial, cold wallet.
Yes - HTX has provided Proof of Reserves via a snapshot from addresses on the 12th of November 2022. HTX was also recently acquired by About Capital in October 2022, and as part of this acquisition, HTX performed a Merkle Tree Proof of Reserves audit. Learn more about proof of reserves in our guide.