Huobi Review
Financial Hub Of Digital Assets
Overview
Huobi is China’s leading Bitcoin, Ethereum, and digital asset trading platform. It also offers margin trading and loans against cryptocurrency holdings. Huobi was launched in July 2013 by Leon Li (CEO) and Zhang Lingling (COO). The company has offices in Hong Kong, Singapore, Japan, and the U.S. Huobi is a member of the top 10 crypto exchanges by daily trade volume.
Huobi’s mission is to become the world’s number one financial technology company by building the world’s leading digital currency exchange.
Huobi offers 500+ cryptocurrency pairs with BTC/CNY, ETH/CNY, and LTC/CNY trading pairs. Huobi also provides leveraged margin trading for BTC and ETH, with up to 5x leverage for BTC and up to 25x for ETH. Huobi also offers loans against crypto holdings from USD 100-500k at competitive rates.
Exchange Name | Huobi Global |
Primary Category | Cryptocurrency Exchanger |
Founded In | 2013 |
Trading Pairs | 500+ |
Native Token | Yes |
Customer Support | Email,Telephone,Online Chat,Ticket System & Social Media |
Deposit Fee | Free |
What Is Huobi?
Huobi Global is the best crypto exchange with a solid foundation in Asian countries. Its headquarters are in Seychelles and over 200+ regional service centers across 200+ countries. People can make real money through spot, derivative, and margin trading and staking on the Huobi crypto exchange. You may also trade their native token, Huobi Token (HT), one of the top-performing cryptocurrencies. This crypto trading platform offers several diverse services, making it a popular and safe choice for crypto traders.
Features Of Huobi
Easy User Interface
The Huobi website is simple to navigate and provides balanced functionality, visual pleasure, and elegance. There are correct priced feeds, charting tools, and market depth data organized in a structured way within the Huobi trading interface.
Multiple Order Types
The following order types are available on the exchange:
- Limit order
- Stop limit order
- Market order
The Huobi platform also supports margin trading in bitcoin and Litecoin with 5x leverage and a fee of 0.1% for 24 hours.
Flash Trade
Flash Trade feature is one of the most exciting on the platform because it contains an order book, a chart index, and a real-time market chart. In particular, it is possible to try real-time trading volume during periods of high volatility.
Institutional Trading Accounts
Except for being one of the largest cryptocurrency exchanges globally, Huobi has attracted the attention of institutional traders and account holders worldwide. The Huobi exchange has developed a separate institutional and firm-size trading desk that utilizes OTC and dark pools trading.
Exchange Platform
The exchange provides the best platform for cryptocurrency trading. It is committed to providing traders with safe, secure, efficient, and quality service to trade more confidently. This platform has erected a security fortress around its digital assets through an independent technical architecture system that offers offline cold storage of crypto-assets and multi-signature technology.
It also strictly evaluates each coin’s risk level before listing them on the Huobi market.
Exchange Markets
Huobi is one of the world’s Best cryptocurrency exchanges founded in 2013 and headquartered in Singapore. Huobi has more than 500 employees with offices around the globe – including China, South Korea, Hong Kong, Japan, and Taiwan.
Mining Bitcoin became so competitive that miners needed to find a new way to create coins without having their computers compete against others for mining power. By creating mining pools where multiple people can work together instead of individually on their computers, the Smart Mining pools would eventually become Smart Mining pools; wherein no individual user had to do anything but put money into them and let them run until they were credited with earnings.
Huobi Fees
Huobi’s cheapest crypto exchange charges a base trading fee of 0.2% based on the maker-taker model for its spot markets. Holding the HuobiToken (HT) to make transactions saves money on spot trading fees, which can be as much as 65% if a person has more than 5,000HT in a Huobi wallet.
Type | Level | 30-day trading volume (BTC) | Base fee rate | HT holdings | Fee Rate (in HT) |
Normal use | 1 | < 1000 BTC | 0.20% | ≥10HT | 0.18% |
Normal use | 2 | < 1000 BTC | 0.20% | ≥100HT | 0.16% |
Normal use | 3 | < 1000 BTC | 0.20% | ≥500HT | 0.12% |
Normal use | 4 | < 1000 BTC | 0.20% | ≥1,000HT | 0.09% |
Normal use | 5 | < 1000 BTC | 0.20% | ≥2,000HT | 0.08% |
Normal use | 6 | < 1000 BTC | 0.20% | ≥5,000HT | 0.07% |
Deposit And Withdrawal Fees
The withdrawal fee charged by this exchange amounts to 0.0001 BTC. This fee is lower than the industry standard and is an advantage over other leading crypto exchanges in the market.
Coin | Deposit Fees | Withdrawal Fees |
Bitcoin | – | 0.0004 BTC |
Ethereum | – | 0.004 ETH |
Cardano | – | 1.0 ADA |
Ripple | – | 0.1 XRP |
Solana | – | 0.01 SOL |
Polkadot | – | 0.1 DOT |
Dogecoin | – | 20.0 DOGE |
USD Coin | – | 2.0 USDC |
Huobi Token | – | 0.1 HT |
Ethereum Classic | – | 0.01 ETC |
Huobi Token (HT)
Huobi Token (HT) is an ERC20 token built on the Ethereum network. It was created to facilitate the exchange of digital assets and provide a payment channel for traders. It can be used to pay fees for cryptocurrency trading, credit card payments, and other trading activities. HT can also be used to trade cryptocurrencies or other assets listed on Huobi Pro, Huobi Global, Huobi DAO, Huobi Prime, and Huobi Pool.
Huobi Pros And Cons
Pros
- 24/7 live chat support and Good customer service
- Mobile app available
- Two-factor authentication and easy trading option
- Wide range of cryptocurrencies
- Good asset liquidity
- Margin, spot trading, and futures trading are straightforward and easy-to-use
- Simple User Interface.
Cons
- Not beginner-friendly
- Long registration process
Security And Safety
The platform includes Two-Factor Authentication (2FA), cold storage, identity verification, and systems to prevent Distributed Denial of Service (DDOS) attacks. This exchange maintains multi-signature cold wallets holding client funds and has established a 20,000 BTC Security Reserve Fund.
Here are the details of some of the security features provided by Huobi Global.
Cold Storage: 98% of user crypto assets are stored offline in cold storage wallets requiring multiple signatures at Huobi Global Exchange. This keeps clients’ tokens away from potential attackers, keeping them off the internet.
Account Freeze: Users can set up an account freeze if they believe fraudulent activity has occurred.
Two-Factor Authentication (2FA): To add security to their account, users may enable 2FA using Google Authenticator and generate a 6-digit password that is randomly generated.
Mobile App
The Huobi app for mobile devices is available on iOS and Android. Over one million people have downloaded the app, which supports ten languages and recently added Italian and Traditional Chinese. Thanks to the app’s 24-hour multilingual service, any questions or concerns can be resolved using just your mobile device.
The Huobi Global app includes real-time pricing and charts, up-to-date index analyses, and real-time trading. It also has flexible trading methods: market, stop-limit, and limit orders. Withdrawals and deposits are also fast credited, making for a superior user experience.
In addition to providing users with a better understanding of how the market is performing, the 4.0 update’s K-line chart. The application’s portfolio charting feature can help traders capture even the smallest market fluctuations by providing essential data and insights. Huobi wallet offers multi-currency support with a simple and easy-to-use interface. It is a mobile cryptocurrency wallet in the mobile application.
Customer Support
The exchange provides support in English and Mandarin and can be contacted via telephone, one of its several country offices, email ticket, and online chat. In addition to offering customer service, the cryptocurrency exchange platform maintains several social networks and messaging app communities where users can submit questions. Huobi Pro email tickets are usually answered between 2 and 3 hours after they are submitted, and its customer service agents are known to be helpful and pleasant.
CONCLUSION
This Huobi Global review has assured you that this exchange is a dependable and effective cryptocurrency exchange. They have become so successful and expanded their operation because of this. It is well-designed, easy to navigate, and efficient, ideal for beginners and experienced traders. There are also many useful tools for technical analysts and day traders. It is also good to see that Huobi has set up reserves to act as insurance in hacks or other breaches. The Platform is a well-known exchange with a solid reputation and a trouble-free trading experience.
