- Outstanding client service
- Founded in 2013 and never compromised
- 500+ supported cryptos
- Not available in the US
- Largely unregulated
About the Huobi Exchange
Huobi is a secure and reliable Chinese crypto exchange that is available in over 130 countries. The exchange was launched in 2013 by Leon Li and seen its popularity rise after BTCC closed. You can use fiat currencies to fund your trading account.
Huobi, with its roots in China, has expanded its reach globally, offering an array of cryptocurrencies for trading. It’s a platform where both novices and seasoned traders find value, thanks to its intuitive interface and a wide range of functionalities. Huobi doesn’t just limit itself to cryptocurrency trading; it’s a holistic platform providing various investment services, making it an attractive hub for digital asset enthusiasts.
Key Information
Setting up on Huobi is a breeze, with a straightforward verification process ensuring secure access. The platform imposes standard trading fees, which are significantly reduced for users holding the native Huobi Token (HT). This strategic move not only enhances user engagement with Huobi’s ecosystem but also ensures an affordable trading experience.
- Website available in 10 languages
- Vote which coins & tokens are listed
- Project Centre
- Fund account with e-wallets
How Does It Work?
Navigating through Huobi, users encounter a seamless trading experience. The platform offers spot trading, futures contracts, and other investment options. New users might appreciate the ‘Quick Buy/Sell’ option, facilitating instant transactions. Huobi’s system is designed for efficiency, handling enormous transaction volumes with minimal lag, which is crucial for those engaging in high-frequency trading.
You can buy, sell and trade crypto coins such as Bitcoin and Ethereum on the exchange, plus there are almost 300 coins available to trade with. The advance trading view has tools that can help plot market trends, see support and resistance lines, trading volumes and set your buy and sell limits.
To buy, sell or trade you will need an account; you can make an account quickly using a valid email and password. To make you account most secure, we suggest you use 2FA (Two Factor Authentication) using the Google Authenticator app or text alerts.
Depositing and Trading Fees
Huobi is transparent about its fee structure, which is competitive relative to the industry standards. Users are charged a nominal fee on trades, with the unique advantage of fee reduction for HT holders. This approach not only encourages active trading on the platform but also incentivizes the utilization of HT, enhancing its intrinsic value.
There no fees for deposit at the exchange. Trading fees will be taken from your completed trades. For example, if you are trading in Bitcoin, then you will pay BTC fees. Each coin has its own maker and taker fees; you will need to check the official site fees page to see how much of a % fee you will need to pay when trading them coins.
If you are a VIP account holder, you can get a discount on fees depending on your VIP level.
- VIP1 10% off
- VIP2 20% off
- VIP3 30% off
- VIP4 40% off
- VIP5 50% off
You can deposit into your account using fiat currencies including USD, GBP, EUR, CAD, AUD, RUB, HKD, SGD, CNY, INR, VND, KRW, CHF, TWD, NGN, IDR, PHP, KHR, BRL, SAR, AED, MYR, TRY, NZD.
You can deposit using a number of payment methods including bank/wire transfer, AllPay, PayPal and PayNow.
Withdrawal and Transfer Limits
Withdrawal policies on Huobi are structured to protect users and their investments. There are standard limitations on withdrawal amounts, a common practice to safeguard funds and ensure platform stability. These restrictions are not cumbersome and are usually appreciated by the community for the added security layer they provide.
What Cryptocurrencies Are Available?
Diversity is Huobi’s forte when it comes to the range of cryptocurrencies. From the well-acclaimed Bitcoin and Ethereum to emerging altcoins, the platform is an extensive marketplace for cryptocurrencies. This assortment ensures that users have ample opportunities for trading, investment, and participation in the burgeoning crypto space.
At the time of writing, there are 287 cryptocurrencies that you can buy, sell and trade at this exchange.
- Bitcoin
- Ethereum
- Tether
- EOS
- Huobi Token
Trust and Fund Security
The exchange says it has $200 million USD under management which has been invested through the blockchain. The exchange also invests in quantitative market funds, incubators, wallets, mining, cyber security, DAPP and research amongst other things.
Huobi takes fund security seriously, with robust measures like cold storage and a dedicated security reserve to counter unforeseen security breaches. However, it’s prudent for users to acknowledge the regulatory challenges faced by Huobi, necessitating a cautious approach to large investments due to jurisdictional restrictions.
Customer Support
You can ‘submit a request’ on the support page if you need to contact them. You should find answers to most queries on their FAQ page.
Huobi Global exchange review – This cryptocurrency exchange is located in Seychelles and was launched in 2013. The latest 24 hours trading volume is $1,660,030,056.16 (42,795.31 BTC).
Conclusion
Huobi emerges as a versatile platform committed to simplifying the intricate world of cryptocurrencies while prioritizing user trust and platform security. It’s a one-stop-shop for anyone looking to delve into digital assets, offering a blend of convenience, variety, and innovation.
