HTX — formerly known as Huobi — is one of the largest cryptocurrency exchanges in Asia and globally. Bitok Arena recognizes one identity per competition participant: the Bitcoin address that sent funds to the round. HTX users need their own on-chain Bitcoin address before that identity can be theirs, and that requires one withdrawal from the exchange to a personal wallet.
HTX holds a significant share of the Bitcoin held by exchange users globally. None of those holders can use their HTX balance to compete with their own address until the BTC leaves the exchange. The withdrawal creates the competitive identity that the exchange account never can.
The mechanics are identical to every other exchange — one withdrawal, one personal wallet, one address that is yours on the blockchain.
Why Exchange Sends Cannot Create Your Competitive Position
HTX maintains pooled wallets for its users' BTC balances. When you send from your HTX account, the transaction originates from one of HTX's operational addresses. The blockchain sees HTX's address. The leaderboard records HTX's address. If that position reaches the top three, the prize goes to an address that HTX controls — not to you.
HTX's infrastructure also means that consecutive sends from the same account may go out from different exchange addresses, creating fragmented entries on the leaderboard rather than one cumulative position. The competition aggregates sends from the same address — not from the same exchange account. Without a personal wallet, there is no single address to aggregate around.
HTX supports Bitcoin withdrawals to Native SegWit (bc1) addresses on the Bitcoin mainnet. When selecting the network for a BTC withdrawal on HTX, choose Bitcoin (HBTC should not be used as it represents a different token on a different chain). Withdrawal processing time typically adds 10 to 30 minutes before the transaction is broadcast to the Bitcoin network.
A withdrawal to a personal wallet establishes your competitive identity. Your bc1 address is recorded by the blockchain with every send during a round. The leaderboard ranks it among all other competing addresses. Prizes flow directly back to it when you win.
Sending from HTX Account
✗HTX's address on the leaderboard — not yours
✗Sends may come from different addresses — no cumulative position
✗Prizes go to HTX if position finishes in top three
✗No real competitive presence despite committed BTC
Withdraw to Personal Wallet First
▸Your bc1 address — one identity on the blockchain
▸All sends during the round build one cumulative position
▸Prize arrives directly in your wallet on-chain when you win
▸Your address, your history, your result — permanently on-chain
The HTX Withdrawal Step by Step
Log into HTX and navigate to Assets, then Withdraw. Select BTC as the currency. Paste your personal wallet address — beginning with bc1 — into the address field. In the network dropdown, select Bitcoin (the Bitcoin mainnet). Enter the amount. HTX will display the withdrawal fee and minimum amount. Complete the HTX security verification (email code, Google Authenticator, or both depending on your account settings) and confirm the withdrawal.
HTX processes the withdrawal and broadcasts the transaction to the Bitcoin network. Depending on network conditions, confirmation typically occurs within 30 to 60 minutes after HTX releases the transaction. Once the Bitcoin confirms on-chain, your personal wallet shows the balance at your bc1 address. From that point, entering the competition is a standard wallet send: open your wallet, paste the master wallet address from the platform, set the amount, and confirm.
HTX is the exchange where your BTC balance lives. Your personal wallet is where your competitive address lives. The withdrawal moves BTC from one to the other — and with it, your ability to participate in a competition that reads the blockchain, not the exchange ledger.
Once the withdrawal is complete, future competition entries go directly from your wallet without returning to HTX. Your address accumulates a competitive record across every round you enter — a permanent on-chain history of your participation that exists entirely outside any exchange's systems.
HTX holds the balance. Your wallet holds the address. Bitok Arena is a daily on-chain Bitcoin competition running on the Bitcoin mainnet. No personal data collected, no exchange address between you and the leaderboard.