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Huobi Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?

One of the cryptocurrency trading exchanges that has a high level of liquidity is Huobi. An increase in the number of exchanges that permit trading, buying, and selling bitcoin has begun to sound like the new normal in light of the extraordinary growth that cryptocurrency is experiencing. The ever-increasing demand makes it that much more difficult to choose which trading platform is the most appropriate to use. Visit Huobi Global Website.

It's possible that certain cryptocurrency exchanges are designed with novice traders in mind, while others thrive at catering to more experienced investors. As a result, it is quite necessary for you to choose which exchange platform is suitable for your needs.


In the following paragraphs, we will provide you with an introduction to the Huobi exchange. You will get a solid comprehension of this platform as you continue reading about it. First, we'll walk you through the process of creating an account, and then we'll use visuals to walk you through each stage of the process of trading, depositing, purchasing, and withdrawing coins from your account.

You will be able to know how to trade on the Huobi cryptocurrency exchange by the time this study comes to a close, as well as whether or not you should consider using it. So, tell me, what exactly are you anticipating? Begin to read, and learn as much as you can about the Huobi platform.

In order to start trading, the first thing you need to do is open an account with Huobi. Now that we have established that, we will walk you through the process of creating the account step by step.

To begin, go to Huobi.com, which is the company's official website, and click on the Register tab.

In order to make an account, you are going to need to provide an email address along with a robust password. You may also create the account by using your phone number if you want to. After you have finished filling in the data, you will be required to type in the security password that is seen in the image. Simply make sure you click the "submit" button, and your account will be created.

Your account will prompt you to set up two-factor authentication the first time you log in after you have changed your password.

In order for you to use the account, your email address must first be verified. Huobi will send you a verification email at the address you provided. In addition, in order to validate the account, you will need to input the code. You will be able to trade on Huobi after your account has been verified.

After that, navigate to the section of your account titled "Profile" and select "Identification" to complete the KYC verification process. You are needed to complete out all of the necessary data, including your name and the appropriate documents.

You are required to make a deposit into your Huobi exchange account before you can begin trading on the platform. This section will walk you through the process of making a deposit into the account using a credit or debit card. Simply navigate to the dashboard and choose the "balance" option when you're ready to make a deposit.

After that, you may deposit the money by going to the area where you can withdraw and deposit money.

When you click on the link, a form will appear requesting you to deposit either fiat dollars or bitcoin. So, we will here show you how you may add money.

When you select the cryptocurrency option, a new window will go up where you can fill out the necessary information. Choose the currency you wish to use, then choose the method of depositing the amount that is advised, and finally, make the payment.
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You will be able to view the amount that you deposited on the history page when you have completed the deposit.

The second option for depositing the monies is to use fiat currency. In a same fashion, after clicking on the fund deposit, select fiat from the drop-down menu. After that, you will be able to select the currency of your choice and then click on the deposit button.

Take notice that the deposit address for each currency is different from the others. If you make an attempt to deposit Bitcoin, you will therefore be given a BTC address. You also need to make a copy of the address where the funds should be deposited. After that, navigate to deposit currency and make a Bitcoin transfer in the amount that corresponds to the quantity of Bitcoin you wish to deposit.

After you have transferred funds into your Huobi account, you will immediately be able to begin trading using that account. Now that we've covered the basics, let's move on to placing your first transaction. In spite of the fact that there are already over a hundred other cryptocurrencies that may be traded, the focus of this post will be on demonstrating how to purchase and sell Bitcoin.

1. Select the P2P trading option after clicking on the Buy Cryptocurrency button.

#2 If you are just starting off, you should be afraid to look at really long details at this point. Don't worry; we'll be there to help you every step of the way. Just be sure you follow each step.
Be careful to enter the amount of money you need to acquire bitcoins, and then pay the associated charge using a Visa card, a credit card, or some other method. You will have the opportunity to get the currency. You may sell the Bitcoin in a manner quite similar to that.
You will find the opportunity to buy something if you move the pointer down the home page. For example, if you want to purchase Bitcoin coins, you have to enter the amount you want to spend, click the "buy" button, and then pay the associated charge.

#4 In the same vein, if you wish to sell the BTC, you should put in the amount and then sell it. Be careful to keep an eye on both the current selling price and the price at which you bought or sold the item most recently to ensure that you make a profit. It's important to keep an eye on the general margin, as well as any recent price shifts and the maximum profit. The trading process will become more streamlined and accurate as a result of this. You are required to first input the quantity of Bitcoin that you intend to exchange, and then you may begin trading.

As soon as you have made a profit, you will be able to deposit the money in the bank account of your choice as quickly as possible. Therefore, in this section, we'll walk you through the process of removing the money from your Huobi account.

1. Navigate to the dashboard, click the option labeled "balance," and then choose the option labeled "withdraw." After then, a form to withdraw your funds will appear, similar to this one. To withdraw the money, you will first need to choose Cryptocurrency from the menu.
2. After that, choose the Bitcoin or other virtual currency from your wallet that you want to withdraw. Additionally, keep in mind that you are required to input the currency address, such as BTC.
3. Make sure that you use the proper address that you use when selling your bitcoins. If you make even one error during this phase, you run the risk of incurring a penalty. Copying and pasting the withdrawal address is the most effective technique to ensure that you do not make the same error twice.
4. Fourth and last step, you will need to input the total amount of Bitcoins that you wish to withdraw before clicking the "submit" button. Your order will typically be processed and delivered to the destination wallet after a duration of thirty minutes. In certain circumstances, such as when there are problems with the network, the sum is credited very slowly.

Huobi also makes use of a tiered trading system, which means that it will either charge you a trading fee once per month or require you to keep Huobi coins for twenty-four hours. Here, the traders are divided into numerous different tiers, ranging from 0 all the way up to 9.

Therefore, the trading fees might range anywhere from 0.1 percent to 0.2 percent, depending on who is making or taking the trade. It is dependent on the state of your VIP membership. In addition to this, the taker and the creator are both eligible to earn a charge reduction of up to 65 percent.

You may have seen that there is a wide variety of trading choices available to select from. Huobi is an outstanding cryptocurrency exchange platform since it offers both classic and sophisticated levels of trading, making it suitable for customers at all experience levels.



Huobi Pros:

There are around 300 different cryptocurrency currencies that may be traded.
Safe and lucrative in all respects
Simple to gain access to
Authentication based on two factors and a simple trade option
Skilled in identifying promising projects at an early stage.

Huobi Cons:

The novices can have some difficulty running the machine for the first time.
AED cannot be used to purchase any coin.

In light of this, the following is an exhaustive tutorial to the Huobi cryptocurrency exchange. Your trading problems will be alleviated, at least somewhat, by reading this review. If, on the other hand, you are a seasoned trader of cryptocurrencies, you may like to investigate the possibility of advancing to P2P trading. Because of this, you will be able to obtain more accurate statistics on trading on the site. For example, if you want to know how the price of Ethereum and Bitcoin has been moving recently, the advanced graph will show you this information.

What are you holding out for exactly? Start trading on this cryptocurrency exchange by first creating an account on Huobi by following the procedures outlined above, then depositing the appropriate amount. It would be beneficial to start with the simplest choice until you grow acquainted with trading, at which point you may go to another.

Because of the explosive growth of the cryptocurrency business over the course of the last decade, there has been a significant increase in the number of exchanges that cannot be trusted.

You don't want to be associated with a cryptocurrency exchange that isn't trustworthy when there are lots of reputable ones available, such as Huobi. This evaluation of the Huobi exchange will walk you through all of the important aspects of the platform that you need to think about when selecting your bitcoin trading platform.

Have you been wondering, is Huobi legit? Is Huobi safe? Is it possible that Huobi is running a fraudulent operation? In the following lines, I'll address all of these concerns as well as a few more.

We will cover all you need to know in order to make an informed decision on whether or not Huobi is the correct choice for you.

Our very first order of business is to have a conversation about the real benefits that end users are going to enjoy as a result of their participation in the exchange. There are quite a few user Huobi exchange reviews that have been written online, and many of them highlight the greatest features of this platform. One of these highlights is the substantial number of crypto currencies that are supported by Huobi.

In 2009, a digital currency known as bitcoin was introduced; prior to that year, the word "cryptocurrency" either did not exist at all or was connected to entirely unrelated concepts. Even after the introduction of Bitcoin, it took a few of years before cryptocurrencies gained widespread acceptance.

Things are in a WHOLE new light these days, having passed more than a decade since then. People these days prefer to have some fairly diversified portfolios, and put in a lot of study into even the most-niche of coins that are available on the market. Even crypto rookies are now seeking for methods in which they might invest in numerous different cryptocurrencies.

Naturally, as you presumably may anticipate (and as you can see by glancing at some user evaluations of the Huobi exchange), this does also have a significant influence on cryptocurrency exchanges in a meaningful way. In a nutshell, there is a growing amount of pressure on exchanges to provide their consumers with access to the maximum number of different cryptocurrencies and other assets imaginable.

Huobi is the same in this sense as any other platform. Having said that, this specific exchange has actually got things quite well sorted out. At the time this Huobi review was written, the platform offered its customers the ability to trade and exchange over 300 different cryptocurrencies. That is an absurdly high amount of cryptocurrency assets.

This statistic takes into account all of the "major" and well-known currencies (such as Bitcoin, Ethereum, Litecoin, and so on), in addition to some of the crypto assets that are less well-known.

The fact that there is such a large pool of options is beneficial to customers since it enables them to buy and invest in a variety of different assets while still using the same platform. You will be able to locate a large number of some lesser-known crypto currencies, which is a significant gain for Huobi in terms of the competition among crypto exchanges.

Fees are typically associated with cryptocurrency transactions since this is how cryptocurrency exchanges generate revenue to support their businesses. When it comes to cryptocurrencies, though, fees are typically one of the most controversial subjects. You can probably guess why this is the case.

It seems to reason that everyone, regardless of whether they are just getting started with cryptocurrency or are planning to trade bigger quantities of it, would presumably prefer to pay costs that are as low as possible. Naturally, cryptocurrency exchanges have a tendency to compete with one another in terms of who of them may give the greatest pricing for their consumers - several Huobi exchange reviews that have been placed online will tell you the exact same thing.

Where exactly does Huobi come into play with all of this, though? Huobi provides its customers with some of the most competitively priced prices in the industry, to put it plainly.

When it comes to trading cryptocurrencies, there are two terminology that you need to be familiar with: "maker" and "taker." A person who "makes" the payments is referred to as a "maker," while a person who "takes" the payments is referred to as a "taker." Different rates of payment are likely to be required from these two categories of customers the majority of the time.


If you read online evaluations of the Huobi exchange, you will learn that the costs, regardless of whether you are a taker or a maker, will often not exceed 0.2 percent of the amount transacted. This is fantastic news. Most exchanges have substantially higher fees, and the great majority of them do.

If you have any Huobi tokens in your possession, you are eligible for even lower costs while using Huobi Pro, as is obvious from a quick glance at some user evaluations of the service.

When it comes to the vast majority of user evaluations of Huobi that can be discovered online, the most common thing that can be found in these reviews is a single question: "Is Huobi safe to use?"

It seems to reason that this would be the case, as safety is, without a shadow of a question, the single most crucial component of a trustworthy and authentic cryptocurrency exchange. No one is going to utilize an exchange, regardless of how many coins it has available, how much fun it is to use, or anything else of the like, if it cannot guarantee the safety of its customers' transactions.

The exchange is a very secure choice for crypto trading, so you can put all of your security worries to rest when you choose Huobi as your platform for buying and selling cryptocurrencies.

To begin, your assets are protected by insurance. The Huobi User Protection Fund assures that you will be reimbursed for any damages incurred in the event that something were to happen to your cryptocurrency assets and the security of those assets was breached.

However, it is not the most exciting aspect. You need to understand that Huobi stores up to 98 percent of its customers' cryptocurrency holdings in offline wallets. In principle, this is one of the most effective security measures that a market could ever use!

Offline hardware devices known as "cold wallets" are utilized for the storage of digital assets such as bitcoins and tokens. A potential hacker won't be able to gain access to your funds if you store them in a cold wallet because it's physically impossible for them to do so. Because cold wallets are not connected to the internet, the only way to bypass their security is to steal the actual, physical device that stores the funds.

If you have ever dealt with a cryptocurrency exchange in the past, you might be aware of how challenging it can be to locate trustworthy and, more crucially, live customer assistance. This is especially the case for smaller exchanges.

Email support is still provided by a good number of exchanges today. However, if you have a problem when trading or exchanging your cryptocurrency, this could not be very useful because you would have to send an email and then wait for a response, which might take several hours or even many days!

The availability of live customer service is one of the aspects that is highlighted in a significant number of evaluations pertaining to the Huobi cryptocurrency exchange. That is wonderful in and of itself; however, on top of that, you will be able to contact the support team at any time, day or night!

You may be certain that you will be able to contact Huobi's support at any time of the day or night, regardless of the nature of the problem that you are experiencing, and that you will get the assistance that you require!

When you are just starting out in the world of cryptocurrencies, the method by which you fund your trading account is perhaps one of the most significant aspects of a cryptocurrency exchange.

To tell the truth, that is not anything that can be considered an easy assignment. On some markets, the only method to begin trading is to move some cryptocurrency from another wallet into the account you have created on the market. This is the case with some exchanges. To state the obvious, it might end up being a really challenging and time-consuming procedure, especially for those who are just starting out.

However, this is not something that you will need to be concerned about when using the cryptocurrency exchange in question. User evaluations of the Huobi exchange will inform you that the company does really accept payments made using credit and debit cards.

This is not only incredibly convenient, but it also enables you to quickly deposit money into your account. This is a win-win situation! If you are looking to take advantage of a fantastic offer but do not have any money in your account, this is the ideal choice for you to make.

Leon Li established the Huobi cryptocurrency exchange in China in 2013. Huobi is a Chinese cryptocurrency. After gaining experience as a computer engineer at Oracle, Leon Li went on to develop Huobi. Prior to China's introduction of more stringent regulations for cryptocurrency exchanges and trading platforms, the exchange's headquarters were located in Beijing. The current headquarters of Huobi may be found in Singapore, and the company also has offices in the United States of America, South Korea, Japan, and Hong Kong.

Huobi was one of just a handful of cryptocurrency exchanges to get publicly listed on the Hong Kong Stock Exchange in August of 2018. Huobi China is now operating as a blockchain consultancy and research firm due to the numerous regulatory challenges it faces.

Huobi, which is one of the leading cryptocurrency exchanges in the business, makes significant investments in security to guarantee that the assets of its users are sufficiently safeguarded. In the past, the exchange was hacked, but the relevant staff were able to respond in time to prevent any users' funds from being stolen. A Multisig cold wallet is used to store 98 percent of the funds put on Huobi, while a hot wallet is used to store the remaining 2 percent in order to maintain the required level of liquidity. The wallets are monitored around the clock by staff members so that they can take fast action in the event that they observe any behavior that appears to be suspicious. This helps maintain the greatest possible degree of security.

Options for Protecting Your Account:
Authentication using SMS and Google's Two-Factor Authentication (not recommended due to sim swappers gaining traction in recent days)
Notifications sent through Email
Email encryption using PGP, a fund password, an anti-phishing code, and a phone number are all included (also not recommended for the same reason from above)

Huobi has implemented the Know Your Customer (KYC) procedure in order to offer an additional layer of protection and reduce the likelihood of money laundering. You are need to go through a Know Your Customer (KYC) procedure and produce certain relevant documentation before you will be able to trade cryptocurrencies on the exchange.

Individual ID verification document requirements:
Identifications required by law, such as a passport, driving license, and others
Initials and finals of a name
ID picture required


Because it supports more than 180 digital currencies, Huobi gives users a wide variety of choices when it comes to deposits and withdrawals. Huobi utilizes the services of a third party known as STCOINS to process currency-based deposits and withdrawals. STCOINS is responsible for handling transactions to and from the exchange.

On its platform, Huobi allows users to engage in spot trading with a wide variety of cryptocurrencies in addition to margin trading and futures trading. You have the opportunity to trade on Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, and EOS with a leverage of three times when you use margin trading. You will also notice that this site provides you with the option to select between an isolated or cross margin, which is yet another classy feature.

Trading on Huobi Futures provides traders access to trading on a number of cryptocurrencies with increased leverage, including the following:

Contracts for futures can be traded on a weekly, bi-weekly, or quarterly basis, giving investors up to 20 times the normal leverage and providing three alternative possibilities for each underlying asset.

You may rapidly purchase or sell the following cryptocurrencies using Huobi's over-the-counter (OTC) desk, which is referred to as an OTC desk.

The over-the-counter (OTC) desk is regulated, and it possesses a digital ledger technology (DLT) license from Gibraltar that was gained in 2019. They are able to offer cryptocurrency trading services to professional and institutional customers as a result of this. You will be provided with a list of potential partners from which you can select individuals with whom to purchase, sell, or trade.

Standard order types are available on Huobi, just like they are on most other trading platforms for cryptocurrencies. Spot trading, margin trading, and futures trading are the three forms of trading that may be done on this exchange using these order types.

On Huobi, the following order types are available:

Market Limit Stop-Limit Trigger Order User Interface

The user interface of Huobi is really simple and straightforward. The style is effective because it presents a concise summary of all the information that is offered or required in a format that is simple to obtain. You have the ability to make rapid adjustments to your settings, access a variety of charts, and so on. The fact that the color is the only aspect of the interface that can be modified is a drawback, since it means that you are limited in your ability to personalize it to your own preferences (you can choose between dark blue and white).

The chart takes up the majority of the available space, while the Order tab occupies the remaining area. The regular option, often known as the "original," as well as an integrated TradingView chart are both available to you as chart options, which is the characteristic that sets this chart apart from others. The third available option is known as the depth view, and it replaces the candle chart with a depth chart instead.

The Order Book and Market Deals are displayed on the right side of the screen in real time. These are the most recent trades that were carried out on the exchange. A convenient order tab may be found underneath, complete with purchase and sell buttons that occupy their own distinct positions.

The user interface (UI) of the platform's margin trading side is virtually exactly the same as the UI of the spot trading side. The primary distinctions consist of an extra indicator that displays the risk ratio, the total loan amount, and your available money.

The exchange provides a charge structure that is customizable and depending on volume. The greater the volume of transactions you carry out, the smaller the costs you will be subject to on the exchange. The Huobi Token (HT), the exchange's own token, substantially minimizes the costs associated with trading cryptocurrencies. Any self-respecting exchange, regardless of the sector in which it operates, should strive to keep its fee structure as highly competitive as possible. Huobi is able to achieve this goal because to its innovative volume-based fee structure.

The daily trading volumes that are stated by Huobi for its global exchange are in the billions. The situation of the exchange as a whole is quite strong, and it is gradually growing to encompass a greater number of geographic areas. BTCUSDT accounts for the vast bulk of the total trade volume, followed by ETHUSDT and BCHUSDT in that order.

Huobi has expanded its product catalog throughout the years to include a variety of new services, which has allowed it to provide a wider range of investment options.

Recently, Huobi increased the scope of their adaptable partner program known as Super Rebate. The fact that it provides a reimbursement of thirty percent makes it a particularly rewarding scheme. There are three distinct levels: Basic, Mid, and Upper. Each level has its own set of requirements that must be satisfied before moving on to the next level.

Huobi is one of the cryptocurrency exchanges that has been around the longest and is always increasing the variety of goods it offers in order to draw in more consumers. The exchange is one of the pioneers in the cryptocurrency market. It has various branches (in Korea and the MENA region, for example) that serve users and territory in different regions while adhering to the legislation of those regions. As a result of the extensive selection of trading instruments it provides, this exchange is able to provide one of the most favorable settings for the trading of financial products.

Huobi Global is one of the largest and most well-known online exchanges for digital assets in the world. It is well known for the extensive feature set it offers as well as the high liquidity it provides. It was established in 2013 and has its headquarters in the Seychelles. It currently has over 1,300 employees and has established subsidiary and partnership companies in 12 different countries, including the United States of America, Japan, Thailand, and Gibraltar, amongst others. Additionally, it offers its services to over 170 different countries.

The Huobi team is a well-oiled machine that is largely directed by Leon Li [LinkedIn], who serves as Chairman, Founder, and CEO of the company, Robin Zhu, who serves as Chief Operating Officer, Simon Wu, who serves as Chief Security Officer, and Roy Zhu (CTO). The Huobi Token, often known as HT, is the platform's native token that may be redeemed for a variety of benefits, including invitations/rebates, fee savings, prizes of sub-tokens, and more. The exchange is making further strides in increasing its worldwide reach and solidifying its position as A market leader among its rivals.

When it comes to spot trading, Huobi offers two distinct tiered ranking systems: the first is for regular users, and the second is for professional users. Your ranking is decided not only by the entire 30-day trading volume in BTC but also by the quantity of Huobi Tokens that you now possess; the greater the number of Huobi Tokens that you own, the greater the discount you will receive.

The same two-user tiered structure is used to determine margin interest and fiat trading fee rates. Additional information on the actual costs can be obtained on their website, which also has additional data about the fees.

You may learn about any costs associated with withdrawals by signing into your account and navigating to the area of the site titled "Deposit and Withdrawal." You will then be able to read the related cost in the denomination of the token that you wish to transfer off the exchange from that point on; the vast majority of these fees are uniform throughout the industry.

You are able to transmit tokens to any other employee at Huobi completely free of charge if you use the "Fast Withdrawal" option that Huobi provides. This is a useful feature that gives customers more freedom and encourages them to trade on the platform rather than moving money to other exchanges.

Huobi has a very clean general layout, since it is straightforward and easy to understand, and it makes use of a color palette that is pleasant on the eyes. It isn't very impressive, but it does what it's supposed to do extremely well. The various tradable tokens and pairings are located on the left side of the screen, the price chart is in the middle with the buy/sell options below it, and the order book and market transactions are located on the right side of the screen. Because everything you need is in easy reach and the interface is extremely complete, it is a user interface that is both straightforward and efficient.

When compared to the perspective of spot trading, the interface for margin trading is virtually same in terms of appearance and feel. The primary distinctions are that there are fewer pairs to select from on the left, and loan choices can be found towards the bottom of the screen. Again, a somewhat uncomplicated layout that makes margin trading simple to perform.

When compared to other exchanges, which typically provide at least 5–10x leverage and sometimes even up to 100x, the maximum leverage that can be used for margin trading across most coins is 3x, which is a rather low number.

The futures trading view is quite similar to the spot trading view and the margin trading view. The primary difference is that the left hand side of the screen displays all of the different contract information from which you may choose. You may start your trades by using the limit order and trigger order options that are located underneath the price chart:

The order book is located on the right-hand side of the screen, and the ability to place trades is located at the bottom of the screen. The options trading layout displays the data for both the call and put options. In general, the website is rather crowded, but it compiles all of the relevant information in a single location for the user. At this time, only Bitcoin and Ethereum are accepted as payment for options.

Using Huobi, you are able to engage in a sort of futures trading that involves trading coins and USDT swaps. Regardless of whatever option you select, you will be presented with a vast pool of tokens and trading pairs from which to select. The vast majority of these tokens are well-known ones that have a huge or a mid-cap value, with the exception of a handful that have a lower value as well. These crypto derivatives are known as swaps, and they do not have a delivery date. You may earn money by either going long or short on the underlying asset.

In the year 2020, Huobi created a brokerage platform with the intention of providing more services to high-income consumers and institutions. Over-the-counter (OTC) trading is a method of conducting business that allows businesses to transact with one another without going via a traditional exchange. Aggregation, individualized loan and financing options, custodian services, and interest rate and alpha products are some of the other characteristics. On their brokerage platform, orders and trades are often of a large volume, and they are carried out in a manner that is distinct from that of a regular exchange trading software. This is done to guarantee that the platform does not interrupt deals.

There are a lot of traders and investors out there who don't want to deal with the stress or trouble of sitting and continually monitoring the market in order to make deals. This is where Huobi's trading bot comes in handy. The bot is able to automatically execute trades depending on the parameters and algorithms that have been established thanks to its straightforward design and powerful technology.

You can see the parameters that are based on the 7-day backtest data of the trading pair on the right-hand side of the main trading interface. This will provide you with a decent sense of the possible returns that may be created, but it is in no way a promise. You also have the opportunity to manually insert some settings into the bot, allowing it to be customized to your own preferences.

The other trading pairings that the bot is able to execute are restricted to mostly high- and medium-cap coins, and they must all go through the USDT pair.

Only the United States and Japan are prohibited from trading on the platform, which means that almost anyone in the world can easily sign up and gain access to the platform as well as the services that are associated with it. The only countries that are prohibited from trading are the United States and Japan. However, there is hope on the horizon for consumers in the United States: in the latter half of 2020, the company was awarded a Nevada Trust License, which will enable it to begin providing custodial and compliance services to customers in the United States in the early part of 2021.

It is pretty outstanding and gives investors a broad range of possibilities by offering 394 distinct digital tokens for users to trade for supported cryptocurrencies. This is more than virtually any other exchange in the business and provides a wider selection of choices for investors.

When compared to other exchanges, deposits and withdrawals are handled in a manner that is quite typical. To deposit digital currency, browse to the token you wish to import and copy its deposit address. This address must then be input on the cryptocurrency exchange from which you intend to withdraw the digital currency. The same thing happens when you try to withdraw tokens; all you have to do is input the deposit address of the external exchange, and then send the tokens away.

Additionally, Huobi allows for deposits and withdrawals of fiat currency. At this time, the following fiat currencies are supported: USD, AUD, EUR, and GBP. In order to acquire your fiat money on the exchange, you will need to begin a wire transfer (the alternatives available to you will change based on the currency that you pick).

It is also possible to buy and sell using fiat currency (with a credit card), which is something that will be covered in the next section.

If you have a Visa or Mastercard, you may use Huobi OTC to buy cryptocurrency using even more different forms of fiat currency, such as Philippine Pesos, Vietnamese Dong, Chinese Yuan, Hong Kong Dollars, and more. The user interface and design are both quite straightforward, which enables you to make immediate purchases of cryptocurrency with only the press of a button. Please be aware that the number of cryptocurrencies that you are able to purchase through this method is lower than the amount that you are able to purchase on the main exchange itself. The tokens that are provided range from big to mid-cap in value.

You can purchase and sell cryptocurrencies with other users on the P2P market based on the specific agreements that are made between you. You have the ability to pick what currency the pricing are presented in, and you can also examine the advertisers, the amount offered (which is stated in each separate cryptocurrency, depending on which one you select), limitations, payment methods, and other relevant information. As an alternative to buying and selling on a conventional trading platform, users are able to easily arrange transactions with one another using the application, which also makes it simple to use.

It is kept in a U.S. trust corporation and gets monthly audits from independent firms, developing a reputation for safety and security. HUSD is an ERC20 stablecoin that was created by Stable Universal and is pegged 1:1 with the US dollar.

You may start trading on stcoins.com by depositing USD, purchasing HUSD, and then depositing that HUSD into your account on a supported exchange (such as Huobi, Nexos, HotBit, or Uniswap). There are no fees, and the fact that 1:1 minting and redemption are available is a big bonus. On Huobi Global, it can be immediately switched for PAX at a ratio of 1:1, while on PAXOS, it can be directly swapped for BUSD at a ratio of 1:1. They have developed these features and provided the proper incentives in order to make HUSD a top market across key exchanges. This is due to the fact that the market for stablecoins is highly competitive.

Huobi provides an earnings platform, on which users may earn varying interest rates according on the amount of tokens they deposit. They provide both variable and defined terms for the amount of time that you are allowed to hold onto your tokens. You may earn interest on a variety of tokens, the majority of which are large-cap coins; nevertheless, the interest rates offered are basically ordinary to below average when compared to those offered by other comparable programs offered by other exchanges. There are also highlighted rates that are incredibly high, but these sell out quickly so you need to recognize them and move swiftly in order to claim them. The fixed-rate is presently only available for USDT. There are also featured rates that are extremely high.

C2C lending makes it possible for users to lend cryptocurrency to one another, and in exchange, they will earn an interest payment on the amount they lend. You will need to input your loan cycle as well as the total loan amount in order to accomplish this. Once you have done so, the daily rate will be displayed, and you will then be able to start the transaction. On the right side of the screen, you can also see the daily and annual fees. At this time, you are only able to lend Bitcoin and USDT. Other currencies cannot be borrowed.

The purpose of the crypto loans program offered by Huobi was to make obtaining financial assistance more convenient for consumers. The program advertises on its website that applicants are guaranteed to be approved and that the cash would be available immediately.

To get started, all you have to do is input your desired loan amount (which may be received in a number of different tokens), the quantity of collateral, and then the loan period. Following the presentation of your total interest rate, you will have the option of moving through with the loan of the money if you decide to do so.

To begin utilizing the API, you will first need to log in to the website so that you can generate an API Key with the permissions that you desire. The API key is the same for all of the exchange's different sections, including spot, futures, swap, and options. There is a limit of twenty API keys that may be generated for each user, and each key can have one of the following permissions:


REST APIs and WebSocket APIs are the two varieties of interfaces that are utilized by Huobi. The WebSocket API may be used for receiving updated data such as market and order update data, while the REST API can be used for things such as trading and withdrawals. Both APIs can be used interchangeably. Their application programming interface (API) is highly sophisticated and gives consumers lots of extra possibilities for personalizing their experiences.

The Huobi mining pool was developed with the purpose of providing benefits to huge communities of cryptocurrency miners. It provides mining and trading services and is connected to the trading platform. As a result, miners are able to withdraw their profits while simultaneously depositing or trading them on the primary exchange or OTC platform. This platform is useful for miners, and Huobi provides services for Bitcoin, Ethereum, Bitcoin Cash, Bitcoin SV, Ethereum Classic, and DigiCash.

An unique social networking app, Huobi Chat has a variety of features, including e-commerce, online communities, and more. There are thousands of users of the Huobi app who are always chatting with one another on the app, which provides a wonderful chance for anybody to discuss topics of interest, pose questions, etc.

The QR code that is presented below may be used to download the application, and it is compatible with mobile devices running either iOS or Android.

Huobi Wallet is a mobile cryptocurrency wallet that supports many cryptocurrencies and features an intuitive user experience that is straightforward and quick to navigate. BTC, ETH, XRP, USDT, BCH, LTC, EOS, BSV, ADA, TRX, DASH, TOM, ETC, ONT, DOGE, IOST, KLAY, HUSD, TUSD, USDC, GUSD, PAX, EURT, DAI, and EURS are among of the supported currencies and stablecoins.

The software is safe to use since Huobi has a number of data security patents and allows multi-signature transactions. Users have the opportunity to maintain their own private keys through the app. Because the program does not need users to register, purchasing and selling cryptocurrency is a straightforward and uncomplicated process.

Huobi Capital is the investing arm of the Huobi exchange. Its mission is to provide organizations and businesses focused on blockchain technology and digital assets with the financial resources necessary to facilitate future innovation within the sector. Their resources are contributed to programs including but not limited to Huobi exchanges, Huobi News, Huobi Labs, Huobi Mining Pool, and Huobi Eco Fund.

Huobi Eco is a fund that manages assets worth a total of $200 million; the fund focuses mostly on investing in blockchain technologies and providing strategic assistance to such businesses. A project is given early support through incubation, and then it is linked to Huobi's partners in order to promote its potential for development. They have the support of a powerful team that includes international investment banks, investment funds, listed firms, online companies, entrepreneurs, and other types of businesspeople.

Their cloud service is intended for use by worldwide digital asset exchanges, and it was developed to assist such businesses in growing and developing further. They offer over-the-counter trading, trading between cryptocurrencies, the listing of platform tokens, and more. Huobi's strong liquidity will assist guarantee that public cloud exchanges are able to supply its users with sufficient volumes, in addition to the fact that they provide risk control and accompanying documentation.

The Huobi Eco Chain, also known as Heco, is a decentralized public chain that is compatible with Ethereum developers and possesses smart contracts that are compatible with each other. In addition, it is very cost effective. In addition to this, it offers help for yield farming for certain projects, giving you a taste of DeFi.

On average, the creation of decentralized apps on Heco takes about three steps, and customers can pay as low as 0.001 US cents for transaction fees. Additionally, Heco has developed a Defi ecosystem that has wallets, assets, and rankings for applications. The following is a selection of some of their public chains as examples:

The straightforwardness of Huobi's initialization procedure is well-known. To create an account, go to the homepage of the website and click the "Sign Up" button that is located in the upper right corner of the page. After that, you will be sent to the registration page, where you will be requested to enter your password, as well as your email address or mobile phone number, depending on which you choose. Mark the box to indicate that you agree to the terms of service, and then click the Sign Up button at the bottom of the page.

You should now have an account on Huobi because the signup process was so simple. Take note that the withdrawal limitations for some tokens are quite low; thus, you will need to complete KYC verification in order to boost your total limits and access more tokens. You will be required to provide your personal data and submit a form of identification (such as a passport, driver's license, or other similar document) in order to complete appropriate KYC verification.

Huobi has an extremely solid and respected history of security, and as a result, they make certain that they uphold the highest security standards in order to secure both their own assets and the funds of its users. For the purpose of ensuring that the exchange and trading go off without a hitch, 98 percent of their cash are held in a cold-storage multi-signature wallet, while the remaining 2 percent of their funds are maintained in a hot wallet. In addition to that, it has a fund that will compensate users for any funds that are lost as a result of a hack or an event that was beyond their control.

Huobi enables two-factor authentication (also known as 2FA) to strengthen the account protection measures and security protocols already in place. It also provides an email confirmation when withdrawing, the ability to retrieve password information, change your security settings, and API management. Depending on the level of security you desire for your account, you can choose which of these features to activate and make it active on your account.

If you remove a sizeable quantity of cryptocurrency from your Huobi account, the Huobi staff may give you a call and ask you certain questions about your present location, withdrawal amount, and other related topics. This is done with the intention of ensuring an increased level of safety, and while it does not always occur, it is a possibility.

Huobi is one of the largest and most reputable exchanges, and as a result, it offers a wide variety of features and services that are tempting to traders and investors all over the world. Its presence in the cryptocurrency space has grown to be so significant, and the company continues to innovate and provide more products and solutions that are able to respond to emerging trends. The following is a list of some of the most important takeaways in terms of the benefits and drawbacks of utilizing Huobi:

The advantages offered by Huobi include support for more than 300 different cryptocurrencies in trading, which provides investors with more ease and reduces the frequency with which they must transfer cash to other platforms.

Trading views for margin, futures, and spot transactions are all uncomplicated and simple to use.

Signing up is a breeze, and once you've created an account, you can start trading within minutes. There is a wealth of assistance available for early-stage enterprises looking to get off the ground or attract funding.

Stablecoin HUSD that is dependable and regulated, offering customers the opportunity to engage in peer-to-peer trading and to obtain rapid loans.
Costs that are relatively modest, in addition to a large number of options to obtain reductions and prizes via the use of their native currency.

Transparency with regard to the team and its past.

The security measures are of the highest quality.

Things that are wrong with Huobi:

When compared to other platforms, the fact that margin trading only supports up to three times is disappointing.
If your account has not been validated, your withdrawal limits will be extremely low.

The information that you want might be tough to get inside the support center due to the fact that there is simply an excessive amount of content to go through in order to obtain what you require.

Website that is difficult to navigate due to the fact that it is such a vast marketplace and contains so many features that it may sometimes get perplexing.

If your withdrawal is regarded to be too large or suspicious, customer service may occasionally phone you and seek details. This may be a disadvantage for traders who are interested in cryptocurrency in order to maintain their anonymity.

Huobi was initially established in 2013, and its headquarters are currently located in China. Huobi decided to relocate its cryptocurrency exchange activities outside of China in 2017 as a result of the evolving regulatory environment in China around Bitcoin and other cryptocurrencies. The cryptocurrency exchange is mostly well-known for the high trade volumes that they consistently achieve in the Asian market.

The procedure of signing up for Huobi is quick and uncomplicated most of the time. In order to set up an account, you will need to supply the following information at a minimum:

Email address and password required Nationality

It is important to remember that users will not be allowed to make deposits until they have completed further verification steps. In order to maintain compliance with the various local regulatory authorities, the majority of exchanges need that you go through a rigorous KYC (Know Your Customer) procedure. In the end, this provides you with some degree of confidence since you are aware that the exchange is making every effort to secure both themselves and the users of their platform. Your financial assets are safeguarded not only by the institution's careful attention to security, but also by its strict adherence to the applicable rules.

What You Can Buy: Huobi's inventory of tradable assets is one of the most extensive of any exchange now operating on the market. The following are included on the list of available crypto assets:

Bitcoin, EOS,Ethereum
Bitcoin Cash
Cardano,Monero
Bitcoin SV in US Dollars Tether, Stellar, Ripple
Huobi Token
Zcash Ethereum Classic Litecoin TRON and more cryptocurrencies

Huobi may be accessed through the most popular desktop operating systems, and users of Android and iOS can download mobile apps to access the platform from their devices. Huobi also provides a wallet that does not store cryptocurrency on its servers called Huobi Wallet. Many of the features that are now fashionable in the cryptocurrency industry are supported by the Huobi wallet. These features include staking and general benefits for using the wallet. Visit the announcements page of the Huobi wallet for the most recent information on how you may earn more bitcoin just by using the wallet.

Is Huobi Safe? Absolutely. Since 2013, Huobi has been one of the most successful cryptocurrency exchanges, and throughout that period, the company has established an excellent reputation. To give you an idea of the types of businesses that Huobi has collaborated with in the past, the company's very first funding round was conducted in conjunction with the illustrious venture capitalist firm Sequoia Capital.

Huobi employs all of the most recent advancements in security technology for its exchanges. Client assets are stored in cold wallets that need multiple signatures, and the system is monitored around the clock. Additionally, there is a security reserve fund that holds 20,000 BTC for the exchange.

There have been a number of events over the years that have resulted in clients losing a little amount of dollars; however, the firm has always been fast to respond to these situations and has fully reimbursed the affected customers, which is usually a positive indication.

Regarding the payment of fees, Huobi Global implemented a tiered payment system in 2019. As a customer's monthly trading volume grows, they will experience a reduction in the costs required to trade on the exchange. The difference between the maker and taker fees will be 0.2 percent for the first 5 million dollars worth of trading, but after that, the fees will drop by a significant amount. This is a rather popular approach to the structuring of fees, since it provides an incentive for the user to spend more time trading on their platform in order to enhance their total earnings. In other words, it encourages the user to trade more.

Huobi Global is the most successful virtual asset exchange in the world. It was established in 2013. The platformself was first developed in China, but it has now been moved to the Seychelles because to the recently implemented crypto laws by the Chinese government. Huobi Global now has more than 380 crypto assets listed on the site, and in addition to that, it provides a number of tools that make it easier for you to trade. Some instances of this include staking pools, margin trading, and cryptocurrency loans. Huobi Global is now regarded as one of the most important exchanges in the world due to the fact that its daily volume is in excess of $23 billion. But why is trading with the Asian superpower such a wise decision?

Huobi Global doesn't have an account minimum, however it does have a minimum deposit. Huobi has made the decision to increase the minimum deposit amount for USDT to 100 USDT and the minimum deposit amount for BTC to 0.001BTC in order to provide consumers with services that are both more efficient and more convenient.

The platform will charge you a fee whenever you make a withdrawal, despite the fact that there is no price associated with making a deposit. The cost can be anywhere from $1 all the way up to $28 depending on the chain that is utilized.

It is essential that you are aware that this platform is not appropriate for novices. It features an interface that is incredibly clean and aesthetically beautiful, and it is accessible in more than ten languages, which makes it easier to navigate the web. However, in order to properly appreciate all of the tools that are presented on the website, some prior knowledge is required.

Signing up is the first thing to do, and it won't take more than five minutes to do so. After the account has been established, you are free to begin trading as soon as you like. You may simply purchase cryptocurrency by using the well-known P2P market, as well as by using your credit or debit card to make the purchase. With 57 different local currencies and 60 different payment options, you have simple access to any cryptocurrency asset that is offered.

You may learn how to make trades, deposit money, and use the tools that are provided on the website by consulting the platform's comprehensive Frequently Asked Questions (FAQ) section, which features a large number of instructional and useful articles. Because of this feature, you won't need to contact any other sources in order to find a solution to any difficulty or uncertainty that may arise when you're making use of the exchange.

As was said before, the exceptionally user-friendly design presents each element in the most organized manner imaginable. The platform provides traders with all of the instruments that are required for effective trading, including charts, data analysis, historical price movements, and live price variations.

You may navigate around the site's tools with the help of the content bar that's located at the top of the page.

The fully configurable trading bot that Huobi Global provides is among the company's most valuable features. You will be prompted to input the price range in which you will allow your bot to trade as well as the grid quantity before it will begin operating on its own. Close the bot when you are ready, and the amount will be sent to your exchange account automatically.

Intermediate users are able to learn how to utilize the trading tools and stay up with key news by using the educational area that is available on Huobi Global's website. This portion is included with the platform. This section is broken down into the following categories: cryptocurrency, which is where you can find beginner articles to understand Bitcoin, Blockchain, and other crypto-related terms; investing, which includes user guides to get started on Huobi; how-to guides, which have articles explaining some of the features of the website; latest articles, which is a segment where up-to-the-minute news and articles are posted; and how-to guides, which have articles explaining some of the website's features.

Because they describe each and every notion before moving on to a more comprehensive and extended description of any feature, these parts work nicely together to create a harmonious whole. Therefore, before reading an article on how to mine Bitcoin, users may read an article on the website that explains what Blockchain is, what Bitcoin is, what proof of work is, what smart contracts are, and so on. In spite of the fact that the most majority of intermediate and expert users already possess this knowledge, it is essential to possess this information while working inside the platform. Because it features a method for progressive learning, the website is an excellent instructional resource.

In addition, one of the tools that can be accessed through the platform is a brief guided tour of the website that is both straightforward and uncomplicated. For instance, when you click on the Trading Bot tool, a little chart will open up and guide you through the process of configuring the bot. The user gets a more positive experience overall because to this training approach, which makes learning how to utilize the platform more fun overall.

The website already provides a wealth of information that users can benefit from, but it could unquestionably benefit from the addition of video lessons that demonstrate how to navigate the platform and make the most of its capabilities. Even while the website's articles describe how to use some of the tools available there, video tutorials would undoubtedly be an excellent addition to the available learning resources.

Overall, Huobi Global gives outstanding service. The customer care department of the platform makes use of a bot that can guide you to the specific information you might be looking for. Even if this method might not appear to be the most sensible option, the network has a large number of educational materials and frequently asked questions that can provide answers to the majority of your questions. Additionally, links to various community organizations may be found on the vast majority of social media platforms.

If you have more in-depth inquiries, you can call the customer care line and ask to be called at a later time, or you can send an email to support@huobi.pro.

Huobi Global, a market leader in the cryptocurrency industry since 2013, gives customers the opportunity to purchase and sell more than 380 different cryptocurrencies. Additionally, the website provides a wide variety of features that are helpful for users with intermediate and advanced skill levels. Traders may profit from the useful data and insights that are provided by the tools that are available on the site. The number of services offered by the organization has increased steadily over time.

A user of Huobi Global's platform may, in addition to trading crypto assets, join staking pools, configure trading bots, trade futures, and apply for bitcoin loans. Overall, the exchange is equipped with a comprehensive collection of highly developed and user-friendly technologies, which contribute to the website's status as a desirable choice.

The mobile app for Huobi Global was released in November of 2017, and it is compatible with both iOS and Android. The application has been downloaded more than one million times and offers support for more than ten languages, most notably Italian and Traditional Chinese. Because the company's customer care is available through the mobile app around the clock and in several languages, any questions or concerns may be answered using only your phone.

Trading may be done from within the Huobi Global app, real-time prices and charts are available, and index analyses are kept current. In addition to that, it incorporates three different types of flexible trading methods: market orders, stop-limit orders, and limit orders. The app also has the advantage of quickly crediting both deposits and withdrawals, which is a very desirable function.

The website presentation is incredibly clear, which makes its usage simpler, which is contrary to the perception that it is complex and congested. The layout makes it easier to make use of all of the tools and capabilities that are given.

A fantastic new feature that made a significant contribution to the app's overall quality was included in the 4.0 version that was released in October of 2018. Users are able to stay updated at all times and in any location thanks to the "Discover" function, which recently included a section where breaking news and updates are published. This helpful application avoids the time-consuming battle of looking for news and presents it in a format that is straightforward and easy to read.

In addition, the K-line chart, which was introduced with version 4.0 of the program, assists users in gaining a deeper comprehension of the ways in which the market is moving. Traders can benefit from these charts since they are able to capture even the slightest swings in the market and provide substantial insights and data as a result.

Huobi Global is an option worth considering if you want to buy and sell cryptocurrencies in a secure environment that is also utilized on a global scale. A trustworthy platform to trade your cryptocurrency, Huobi Global provides support for a large number of alternative cryptocurrencies in addition to a vast selection of stable coins.

The exchange has more than seven years of experience in the business, giving it a solid professional approach to cryptocurrencies. It offers traders technical analysis to help them manage their investments to get the most out of their money. While you are trading, your experience will also be improved by the informative articles and news that are presented on the site. The range of the exchange is expanded by the availability of active customer service and a variety of language options, making it a perfect choice in the majority of nations.

In conclusion, Huobi have to be taken into account whenever you are selecting your subsequent swap. It has been able to develop a successful exchange platform in spite of the intense competition that exists within the cryptocurrency industry, and as a result, its reputation has been growing over the course of the past few years.

Huobi Global, more often referred to simply as Huobi, is one of the most important digital currency exchanges for trading cryptocurrencies like Bitcoin and Ethereum. It is a reliable cryptocurrency exchange that has already established itself to be at the top of its field in terms of traffic, trading volume, and liquidity. But does that imply that it is the appropriate transaction for you?

In this analysis, we will dissect and evaluate the most significant aspects of Huobi, including its various markets, trading limitations, trading costs, security, and customer support. In order to get a feel for the fundamental capabilities of the platform, we will conduct an evaluation that includes the following steps: creating an account, verifying one's identification using a photo ID, depositing funds, trading on spot and derivatives exchanges, and withdrawing Bitcoin using the mobile app.

Huobi is a well-known cryptocurrency trading platform that was established in China in 2013, and it has now relocated to the Seychelles. The organization that is responsible for the exchange has experienced tremendous growth and now has offices not just in the United States but also in Hong Kong, South Korea, and Japan. In 2018, the business was given a public listing on the Hong Kong stock exchange.

It is widely acknowledged that Huobi Global is a reliable and trustworthy platform on which users may purchase, trade, store, earn, and sell a total of 348 different digital currencies. The exchange caters to tens of millions of consumers in over 195 countries across the world, and it supports over 60 different payment methods for converting fiat currency into cryptocurrency.

Huobi Global is a premium cryptocurrency provider that is accessible all over the world and makes it possible for traders and investors to speculate on more than 348 different cryptocurrencies. The cryptocurrency exchange serves as a one-stop shop for purchasing, trading, earning, storing, and selling digital assets. Huobi is head and shoulders above its competitors since it provides customers with a diverse range of payment choices, 57 or more fiat currencies, cheap trading fees of 0.2 percent each trade, and an easy-to-use mobile app.

In order to conduct an objective evaluation, it is necessary to give equal consideration to the positive and negative aspects of a cryptocurrency exchange. In continuation of our analysis of Huobi, the benefits may be summed up as follows: its sophisticated trading terminal, its extensive list of supported fiat and cryptocurrency exchanges, and its mobile application. Huobi is an excellent cryptocurrency exchange due to its low trading costs of 0.2 percent, its ability to earn interest on cryptocurrency, and its security precautions that are comparable to those of a bank. On the other hand, inexperienced users may find the large number of options to be overwhelming, and the app may have sporadic instances of technical problems. These are also drawbacks. In addition to that, the cost structure presented on the website is not easy to comprehend.

Positive aspects of Huobi Global:

Deep liquidity: Huobi Global is one of the most liquid cryptocurrency exchanges in the world, offering deep liquidity in the popular trading pairings BTC/USDT and ETH/USDT. This makes Huobi Global one of the most valuable cryptocurrency companies in the world.

Huge selection of cryptocurrencies: Huobi customers have access to an exchange that features trading for more than 400 different cryptocurrencies.

Has the potential to generate returns: Users who deposit funds have the opportunity to earn yields ranging from the double digits to the triple digits on a variety of cryptocurrencies.

Negative aspects of Huobi Global:

allegations of "wash trading" Huobi has been accused of engaging in "wash trading," which raises the possibility that its claimed trade volumes have been exaggerated.

Largely unregulated, Huobi has been conducting business out of an unregistered corporation in Seychelles. As a consequence, there is a lengthy list of countries in which the exchange is not permitted to conduct business.

The sheer amount of items and services offered on the Huobi platform may be too much for first-time consumers to handle. The site is not designed to be user-friendly for beginners.

Huobi Global is an industry-leading cryptocurrency exchange that maintains a significant presence in Asian markets. Huobi was established in 2013 and is a provider of an ecosystem for digital assets. This ecosystem includes spot trading, trading derivatives, staking, cryptocurrency loans, cryptocurrency yield products, and more.

Speculative investments, such as those made in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs), come with a high degree of risk, and the markets itself may be very unpredictable. Before making any decisions about your finances, you should discuss your options with a knowledgeable expert. This article does not constitute a recommendation to invest in cryptocurrencies on the part of Investopedia or the author, nor can the accuracy or timeliness of the information included herein be guaranteed.

In 2013, Huobi Global was established in Beijing with the intention of providing a trading platform for cryptocurrencies to users residing in mainland China and abroad. The site swiftly developed to become one of the three major cryptocurrency exchanges in China, offering Bitcoin dealers a substantial amount of liquidity to work with.

However, Huobi was compelled to relocate its cryptocurrency trading services outside of China in 2017 due to the evolving legal situation in China. After that, the business established itself as a legal entity in the Republic of Seychelles and moved its headquarters to Singapore with the intention of penetrating further Asian markets and the rest of the globe.

Huobi Global is now one of the most liquid cryptocurrency exchanges in the world as a result of its successful expansion of its userbase into countries other than China.

In spite of this, in 2019, Bitwise Asset Management published a study in which it accused Huobi Global of engaging in wash trading in order to artificially boost its claimed trading volume counts.

3 While Huobi refuted the allegations, the company did state that it has taken steps to reduce the likelihood of "wash trading" occurring on their platform. Huobi's claimed trade volumes began to decrease a few weeks after the Bitwise report was published. 4

Huobi Global's U.S. branch, HBUS, was forced to shut down due to regulatory issues in late 2019, and the exchange was also compelled to add Singapore to its list of restricted nations in 2021. Both of these events occurred in late 2019.

56 Huobi has just lately made the announcement that it would be closing its Beijing-based organization, and it has warned any remaining users in mainland China that their accounts will be deleted by the end of the year 2021. 7

Despite the challenges the company has faced throughout its history, Huobi has been successful in developing a thriving crypto-asset ecosystem. This ecosystem includes the company's very own blockchain, known as the Huobi Eco Chain, as well as the Huobi Token (HT), a dollar-backed stablecoin known as HUSD, and other components. Today, Huobi Global asserts that it provides services to tens of millions of users located in more than one hundred countries.

More than 400 different cryptocurrencies are available for trade on the Huobi Global platform, and new assets are added on a daily basis. The following is a list of some of the most well-known and widely traded digital currencies and tokens that are now available for trading on the platform:

Bitcoin (BTC) (BTC)
Dogecoin (DOGE)
Ethereum (ETH)
Litecoin (LTC)
Monero (XMR)
Huobi Token (HT)
Huobi USD (HUSD)
Anchorage (USDT)
Tron (TRX)
Uniswap (UNI) Zcash (ZEC)

Both Android and iOS users may download the mobile app version of Huobi Global's platform to use on their mobile devices.

The amount of Huobi Experience (EXP) points amassed by a user qualifies them for one of many VIP account tiers that are offered by the exchange. Users' trading volume and the amount of bitcoin they have on the exchange both factor towards the amount of EXP they earn. A user's ability to level up to Advanced, Insider, Premier, Ambassador, or Partner is determined by the amount of EXP they have accumulated in the most recent thirty days.

VIP account users receive a variety of benefits, such as enhanced limits, gifts, and even a personal account manager.

Huobi Global levies a flat fee of 0.2 percent on all trades. Huobi Token (HT) owners are entitled to a discount on trading costs, the amount of which lowers proportionally with the amount of HT held by the user in their exchange wallet.

To provide a high level of security for its users, Huobi stores client funds in multi-signature cold wallets and maintains a Security Reserve Fund with 20,000 BTC to deal with extreme security accidents. Additionally, Huobi has a Security Incident Response Team to handle any incidents that may arise.

Huobi, on the other hand, has been encountering difficulties on the regulatory front. Since Huobi Global is incorporated in the Seychelles as an unregulated firm, this implies that the exchange may not be functioning legally inside your country because it does not hold a license. 8 For instance, in November 2021 Huobi made the announcement that in order to comply with local legislation it was had to cancel the accounts of users located in Singapore. This action placed Singapore on the exchange's list of prohibited jurisdictions. 5

The exchange has obtained regulatory authority to establish its crypto spot trading operation in Gibraltar, where it already possesses a distributed ledger technology (DLT) provider license from the Gibraltar Financial Services Commission. The authorisation was recently granted by the regulators (GFSC).

Because of this, Huobi will be able to provide its bitcoin buying and selling services through an organization that is subject to regulation.

Establishing a Global Account with Huobi In order to establish a global account with Huobi, you will be required to provide both an email address and a password. After then, a confirmation email will be sent to your inbox, and you'll need to validate your email address.

After you have validated your email address, you will have access to the site, at which point you may investigate its offerings, including its goods and services.

However, if you go with the basic registration, your trading and withdrawal restrictions will be significantly reduced. To finish the identification verification process and raise those restrictions, you will need to present a document issued by the government as proof of your identity.

Support for customers is made available by Huobi in the form of a support center, help tickets, email, and live chat. On the other hand, there is no phone support available.

User happiness has taken a hit as a result of the complexity of the Huobi platform and the regulatory constraints it faces.

The rating of two stars out of five that Huobi has earned on Trustpilot is indicative of the difficulties the exchange has in maintaining satisfied consumers.

There have been nine reports of problems with customers' ability to withdraw cash, as well as complaints about the platform's lackluster customer care and the fact that it accepts deposits in GBP yet prevents users living in the UK from trading.

For convenient cryptocurrency trading wherever you are, Huobi makes both a web-based platform and a mobile app available for use.

How Huobi Global Stacks Up Against Other Cryptocurrency Exchanges Huobi has a strong presence in the Asian markets and has established itself as one of the leading trading platforms with offices in Hong Kong, Singapore, South Korea, and Japan. Compared to other cryptocurrency exchanges, Huobi has an advantage because of its strong presence in Asia.

Binance, Bitfinex, bitFlyer, Bithumb, Coincheck, Gate.io, and KuCoin are the companies that pose the greatest threat to its market share.

After being forced to leave China because the Chinese government had banned cryptocurrency trading on the mainland, Huobi has been able to attract a more global userbase by supporting a variety of fiat currencies and payment methods for the purchase of cryptocurrencies. This has enabled Huobi to recover from its forced exit from China.

It is a desirable location for experienced crypto traders since Huobi Global provides deep liquidity, supports a wide number of cryptocurrencies, and offers a comprehensive array of options to earn income.

Huobi Global is unable to serve a greater number of consumers throughout the globe due to the fact that the exchange is unable to satisfy regulatory standards in a number of different jurisdictions. Because it provides such an enormous array of products and services, using Huobi might be challenging for users who are just starting out.

As soon as China announced that it would no longer allow trading of fiat money for cryptocurrencies within the country, several well-established digital currency exchanges were forced to move their businesses out of China and seek shelter in other parts of the world. Huobi is one of the successful cryptocurrency exchanges that survived the Chinese deportation during this shift. There were only a few crypto exchanges that were unable to restart their operations after this transition, but there were only a handful that survived successfully.

In this evaluation of Huobi, the most important aspects of the platform, such as how it functions and the advantages it offers, are dissected in detail with the purpose of educating investors.

The bitcoin exchange that is now situated in Singapore was first established in Beijing.
Provides access to a comprehensive list of cryptocurrencies that may be used.
Users are provided with the opportunity to purchase insurance policies to protect the assets they keep in the exchange.
There are several ways to get in touch with the customer service staff.

Huobi is one of the major cryptocurrency trading platforms, and while it was first established in Beijing, its headquarters are now located in Singapore. The exchange is focused on the further growth of the Blockchain economy and provides support for initial coin offerings (ICOs) as well as cryptocurrency trading.

Following Huobi's relocation to Singapore in 2020 in response to a ban on initial coin offerings (ICOs) and trading of fiat currency for cryptocurrencies imposed by the Chinese government, Huobi established its offices in other parts of the world, including Hong Kong, the United States of America, and South Korea, and began to investigate the cryptocurrency markets in Japan. However, despite China's prohibition on cryptocurrencies and Huobi's deportation from the country, the cryptocurrency exchange continued to do business as usual, and it now has more than 3 million users actively using their accounts.

The Huobi main (Huobi Pro) exchange now holds more than one hundred of the most prominent cryptocurrencies. The users who have established an account are able to choose the cryptocurrency pairings of their choice and swap them on the site without any difficulty.

Leon Li, a former Oracle developer, is considered to be the founder of Huobi. In 2013, Li made the acquisition of the Huobi domain before beginning live trading of bitcoin later that same year. Huobi was prompted to capitalize on the momentum gained around the burgeoning Bitcoin industry in China, and as a result, the company gathered funding from top investors such as the Sequoia Capital group.

Huobi demonstrated very immediately after its introduction that seizing a significant portion of the cryptocurrency market is not as difficult as one might think. The exchange generated more than $4 billion in turnover in the first three months after its live launch. By the year 2014, the exchange had successfully tripled its turnover and demonstrated that it will eventually meet all of Asia's requirements for an exchange of digital assets.

According to the Huobi study, the cryptocurrency exchange had a turnover of $247 billion in 2016, which represents over half of the market share for cryptocurrency exchanges worldwide. However, it is common knowledge that the market for cryptocurrencies is quite volatile at all times.

It came as a surprise to everyone when the Chinese authorities lifted the banhammer on bitcoin exchanges that were operating in China the previous year. This demonstrated that the situation had improved. As a single step toward mitigating the damage caused by this setback, Huobi made the decision to relocate all of its crypto activities outside of China and devised an alternate strategy.

Since that time, Huobi has established its new headquarters in Singapore; nonetheless, up until this point, the company has concentrated solely on the Chinese market. Having left China, the cryptocurrency exchange was forced to reimagine itself in order to continue operating in the global market for cryptocurrencies. As a result, the cryptocurrency exchange began to globalize its activities, and it started investigating other markets in countries such as Japan, Russia, and Korea.

For the convenience of its registered users, the Huobi exchange provides the following services:

Pleasant and Simple User Interface
The Huobi website, like that of many other exchanges, is simple to browse and strikes a balance between functionality, aesthetic enjoyment, and beauty. Within the trading interface, there are appropriate price feeds, charting tools, and market depth data arranged in a structurally structured fashion. The sophisticated interface and features offered by Huobi are also beneficial to the alternative HADAX cryptocurrency market, which offers a variety of alternative cryptocurrencies and tokens.

The following sorts of orders are available through the exchange:

Limit order Market order
Stop Limit order

Additionally, margin trading in bitcoin (BTC) and Litecoin (LTC) is supported on the platform, with a leverage of 5x and a charge of 0.1 percent per day for 24 hours.

Trade in a Flash
This is one of the most intriguing things that Huobi has to offer since it combines a market chart, an order book, and a chart index all into one. Users are given the opportunity to test out real-time trading volume through the use of the Flash Trade, which is especially useful during periods of high volatility.

Multiple operating systems, including Mac OS X, Windows, iOS, and Android, are all compatible with the Huobi platform.

Huobi has strong precautions in place for users' safety. The company that runs the network is based in Singapore, which has some of the most sophisticated cryptocurrency legislation and is home to a wide variety of blockchain firms. It includes several security techniques to secure users' accounts, including as two-factor authentication, which may be performed using either SMS or the Authenticator applications on a user's mobile device.

Huobi provides a speedy response if a consumer has a problem. It is also incredibly simple to get in touch with the company's customer support team. Any questions or concerns regarding the trading process are resolved within the hour by the customer care service.

Users can take advantage of the following essential services provided by Huobi:

Huobi, just like other exchanges, provides users with access to a comprehensive range of cryptocurrencies that may be traded. Huobi's extensive crypto pair offering focuses mostly on incorporating digital assets and initiatives originating in Asia. For the same reason, it is also considered to be the greatest place for trading cryptocurrencies for up-and-coming enterprises coming out of China, South Korea, and Singapore.

Huobi channels its profits into its 'User Protection Fund,' which is more like an insurance policy to cover against thefts, hacks, or other unforeseen events that may affect the users' wallets. This is comparable to the leading regulated exchange, Binance, which offers an insurance policy called SAFU. The fact that its clients may get insurance coverage of this kind gives them the peace of mind that comes with knowing that their money will be returned to them in the event that something goes awry while they are trading on the exchange.

The creators of Huobi came to the realization that it is not sufficient to only provide a trading platform for cryptocurrencies; customers want something more from the exchange in order to be able to remain profitable in the cryptocurrency market. As a result, it introduced its very own derivatives products for trading on the Swap markets as well as the Futures markets.

Soon after it began selling its derivative products, Huobi shifted its attention to margin trading. Today, the company is one of the market leaders in providing assistance for C2C and margin lending.

Huobi, which is one of the major cryptocurrency exchanges, has drawn traders and investors from all over the world, particularly from institutional investors. It has opened a separate trading desk that handles Over-the-counter (OTC) trading as well as trading in dark pools so that it can meet the requirements of the institutional traders that use its services.

The Huobi platform provides a value-added service called the Smart-Chain analysis, which is quite helpful to users. It offers the customers information on a variety of blockchain assets as well as over 50 distinct trading indicators.

It is possible for users of Huobi worldwide to create their own trading bots by using either the Huobi API key or the REST API.

Before using the Huobi API for trading, users must first generate an API key for themselves, which they must keep secret and not reveal to anybody else.

The Huobi exchange platform makes it incredibly easy to create an account and start trading. The only aspect that is difficult to figure out is which version of the exchange to use; all of the numerous arrangements, such as hbus.com, Huobi.com, Huobipro, or hbg.com, are equally beneficial; nevertheless, users in different places have access to different versions of the exchange. Huobi US or HBUS will be the appropriate site for people living in the United States. In order for users to begin trading on the site, they need to complete these steps:

Users are required to click on the "Sign Up" option located in the top right-hand corner of the homepage as soon as they have determined which version of the exchange corresponds most closely to their particular citizenship requirements. They will then be sent to the registration page, where they will be required to fill out a registration form with some basic facts, like their email address, phone number, country of residence, and a robust password.

Following the completion of a user's registration, the Huobi team will send an automatically created activation message to the user's registered email address. In order to activate their account, the user will need to click on the link provided in the activation mail. At this point, customers are prompted to add two-factor authentication (2FA) security to their accounts in addition to the password in order to add an additional layer of security to the funds and data associated with their accounts.

Huobi needs its users to verify their names and nationalities after they have successfully created an account and their email address has been verified. It is imperative that the user's name on Huobi, where it is registered, exactly matches the name that appears on any of the user's bank accounts that he plans to link to the Huobi account.

For the purpose of nationality verification, users are required to submit government-issued identification documents such as passports, driver's licenses, Social Security numbers, military credentials, and so on. After the users have supplied their papers, they will then be requested to post a selfie while holding a government-issued document and provide a screenshot of their most recent three deposit transactions.

After a successful verification, users will be taken to a website where they can find a concise description of supported cryptocurrencies connected. For example, for users whose nationality has been verified, this summary will include information about the total supply of that coin, its purpose, and so on. With all of this information at their disposal, cryptocurrency traders will have a lot simpler time selecting their chosen cryptocurrency pair on the site.

However, users should always conduct their study before going, and this handy tool on the Huobi platform should always be regarded a reference.

Trading costs on Huobi are extremely low in comparison to those of other cryptocurrency exchanges like KuCoin, BIbox, and Binance. This is due to Huobi's move to a native token-based economy. Because cryptocurrencies are used for making deposits and withdrawals into and out of Huobi trading accounts, the platform does not charge any transaction fees. Prior to the crypto ban that was imposed by the Chinese government, the platform did support USD and Fiat Yuan withdrawals and deposits, but now only supports cryptocurrency transactions.

The exchange does not differentiate between the maker and the taker and charges a flat rate of 0.2 percent from each of them. Trading costs are also quite inexpensive (taker and maker). On the other hand, the trading costs are also subject to a sliding scale that, depending on the amount of trades, can lower them to 0.1 percent.

The mining price that is paid for the network services is included in the withdrawal fee that Huobi charges its customers. The following is a list of the withdrawal fees that are levied for the top 7 coins:

Bitcoin prices ranging from 0.001 to 0.001
Bitcoin Cash is equal to 0.0001
Litecoin is worth 0.001 Tether is worth 20 EOS is worth 0.5 Ethereum is worth 0.01 Tether is worth 20

According to the findings of our Huobi analysis and research, the platform enables users to establish an account without requiring them to comply with any KYC regulations on the verification of their nationality. This suggests that there will be limits placed on the amount of money that customers are permitted to withdraw over a specific time period. Unverified account users are allowed to withdraw a maximum of 0.1 BTC once each day, which is equivalent to $600 USD per day at the current exchange rate. The maximum daily withdrawal limit for Ethereum (ETH) is up to 2.5, while the limit for Bitcoin Cash (BCH) is 0.6, the limit for Ripple (XRP) is 2500, and the limit for Litecoin (LTC) is 5 each day.

The US Dollar (USD) and the Chinese Yuan (CNY) are the two FIAT currencies that may be used on the Huobi trading platform (CNY). Additionally, they accept the two most prominent forms of digital currency, which are Bitcoin (BTC) and Litecoin (LTC).

Huobi has begun operating with its own currency, denoted HT, which is built on top of the Ethereum network. Unlike the majority of native tokens created by cryptocurrency exchanges, the HT price, also known as the Huobi token price, was not distributed via an initial coin offering (ICO) but rather was distributed as part of a loyalty program to account holders. HT token holders have the ability to vote for new tokens to be added to the alternative HADAX platform as well as pay for service-fee packages. Within the first two weeks after its inception, there were HT tokens valued a total of $300 million.

HT provides its customers with the ability to participate in governance choices pertaining to the exchange, reduce the costs associated with trading cryptocurrencies on the exchange by half, and participate in a number of initial coin offerings (IEOs). Additionally, utilizing HT to reduce fees on Huobi is a really simple process. Users need just store their HT tokens in their preferred cryptocurrency wallet and then choose the option to utilize HT from the token setup page in order to pay their trading fees using HT. They may now take advantage of significant reductions in the typical costs associated with trading.

In addition, customers have access to VIP memberships, which they may book in order to lower the same expenses by up to sixty-five percent.

Traders are able to engage in mobile trading thanks to Huobi's feature-rich mobile application, which is compatible with mobile devices running either iOS or Android. It has a user interface that is simple to browse and offers the same functions as the desktop version. Additionally, the app enables users to carry out all of the necessary verification and registration compliances straight from the mobile phone itself, which is a significant advantage.

According to a number of online reviews as well as the findings of our own research, we are in a position to assert that the security protocols utilized by the Huobi exchange platform are well organized. This is something that is to be expected from a cryptocurrency exchange as large and reputable as Huobi. The exchange is based on a sophisticated distributed system architecture, and practically all of its customers' assets are kept in offline multi-signature cold storage wallets. This provides an additional layer of protection for the customers' holdings. The cryptocurrency exchange has not been subject to any documented instances of cybersecurity breaches since it was first made available to the public.

Huobi is a reliable cryptocurrency exchange that caters to the requirements of the most stringent conventional norms. international financial markets in addition to those for cryptocurrencies.

English and Mandarin are the two languages that are used for customer support at Huobi. This is done so that the company can better serve its large client base that is spread out over the globe. According to a study of Huobi, traders may communicate with customer support professionals by sending an email, calling the company, or engaging in online chat. They can also submit tickets detailing their problems, and such problems will be fixed within a few hours at the most.

Huobi delivers a first-rate customer care experience for its consumers, in addition to a number of social media networks and a specialized messaging app community in which traders may offer assistance with the development of workable solutions.

As a result, the conclusion of the Huobi exchange assessment is that the marketplace is one that can be trusted. The User Protection Fund is certainly something that should be highlighted separately from the other one-of-a-kind services that are made available by the platform. It is extremely laudable that a platform like Huobi has set up reserve monies for its customers. These funds will serve as an insurance cover in the event that any unexpected breaches or hacks occur, and it is fairly astounding that Huobi has done this.

Are United States Citizens Allowed to Trade on Huobi? Yes, US nationals will be able to trade on Huobi before the end of the year 2020. However, the platform suggests that its users located in the United States move their assets to HBUS, which is an allied company in the United States that operates under the global brand Huobi.

Is Huobi Safe? Yes, Huobi is a reliable marketplace for conducting business, and as a result, the marketplace has seen explosive growth in popularity ever since it was first introduced.

Where Can I Find the Huobi Exchange Rates? By adhering to these instructions, users of Huobi are able to trade their favourite cryptocurrencies with one another:

To begin trading on the Huobi exchange, go to its homepage and select the "Trade" option.
They need to select the digital currency they want to swap, as well as the quantity they want to convert it to, by clicking on the "Exchange" option.
Confirm the quantity of crypto currencies, as well as the USDT value of those coins, that the customer want to swap for bitcoin or any other cryptocurrency.
To finalize the transaction, select the "Confirm" option in the upper-right corner of the screen.

According to a number of evaluations of Huobi that can be found online, the fees that Huobi charges appear to be slightly more than the norm for the worldwide industry.

Memory is a rather temporary concept in the field of cryptography. It's possible that a week could feel like a month, and a month will feel like a year. When I go back to the worst points of the bear market that occurred between 2017 and 2019, it almost feels like I'm remembering something from long ago. When we consider the length of time that Huobi has played the role of the underdog superstar exchange, we are inclined to claim that it has been decades due to the fact that the aforementioned circumstance exists.

Even though a cryptocurrency has only been around for a few brief years, this is enough time for it to be considered an original generation (OG) cryptocurrency. Huobi has withstood the test of time when it comes to cryptocurrencies, having first gone online around the same time as crypto dinosaurs like as Mt. Gox in 2013. You read that year correctly: 2013 YouTube videos from 2013 appear like old PBS documentaries made on 8mm film; thus, simply think about what the market for Bitcoin trading looked like at that time.

The fact that the vast majority of people who were involved in cryptocurrency during those years have been obliterated by the sands of time says eloquently about anyone who is not only still operating but also flourishing in the industry. Huobi is an extremely unusual case in point. Huobi is securely established and worthy of your attention since it has successfully navigated the turbulent nature of the cryptocurrency industry year after year, only to grow stronger, consolidate gains, and provide customers with a more pleasing exchange experience.

Leon Li, a former Oracle developer, is considered to be the founder of Huobi. In 2013, Mr. Li made the decision that enough was enough and purchased the Huobi domain. Later that same year, Mr. Li made BTC trading available to the public. Huobi was quick to react and ready to capitalize on the momentum that was gathering around the growing Bitcoin industry. The company received angel funding from important sources, one of which being the now-famous Sequoia Capital group.

After only three months of operation, Huobi had already reached a turnover of more than $4 billion, demonstrating that it was more than capable of capturing market share from competitors such as Mt. Gox. By 2014, it had more than doubled its revenue, which demonstrated that Asia had a genuine demand for digital asset exchange, which was, at long last, being satisfied.

The bear market that occurred in cryptocurrencies in 2014 and 2015 proved to be too much for many people to endure. Exchanges like as Mt. Gox went bankrupt in the midst of a tumultuous situation, while other newcomers battled to find the proper recipe to attract traders. In the meantime, Huobi was working hard to surpass its rivals in the market. In 2016, the exchange recorded a turnover of $247 billion (yeah, you read it properly), which gave it only a little bit more than half of the market share for digital asset exchanges worldwide.

It should come as no surprise that crypto is very unpredictable. If you've been in the business for a significant amount of time, you'll probably remember when China cracked down on cryptocurrency exchanges in late August of 2017, just as the summer was coming to a close. As a result of China's abrupt decision to withdraw from all crypto trading, China-based exchanges like as Huobi were forced to suspend their operations and devise a backup strategy. China is the nation with the most people in the world.

It was during this time that the exchange moved its operations to Singapore and appeared to engage in some introspective reflection. Up until that point, Huobi's primary attention has always been directed at the Chinese market. In order for China to survive the current situation, it was necessary for the country to undergo a process of self-reinvention. As soon as Huobi came to that insight, it started expanding its platform into other countries all over the world, starting with Japan, Korea, Russia, and an international primary exchange.

Its efforts were not in vain. The team at Huobi was aware that they had a recipe for success: the trading engine was lightning quick, the user interface was streamlined and responsive, and the exchange provided the highest possible level of safety. The issue was that viewers residing in regions other than Asia had a low level of faith in the transaction and had never given it a try.

It's likely that Huobi was able to break into the foreign market as a direct result of the success of Binance. As a result of Binance's meteoric rise in popularity and widespread acceptance, rival Chinese exchanges began to garner less suspicion. Binance was initially operating as an exchange in China. The fact that Huobi has been operating in this market for such a significant amount of time has undoubtedly contributed to the company's success in reaching worldwide consumers. In addition, the launch of both the Huobi Token and, more recently, Huobi's initial exchange offering (IEO) platform Spotlight have contributed to the exchange receiving more attention than it has ever received before.

Huobi's revival since the crisis in 2017 has received the final confirmation: by the end of 2018, the exchange's turnover was well over $1 trillion, solidifying its status as one of the world's top three cryptocurrency exchanges. Due to the exchange's near-unrivaled expansion over the course of several years, it is now in competition with Binance to be recognized as the leading cryptocurrency platform in the world. Nevertheless, Huobi has one significant edge over the other platforms: since since it was established, Huobi has never been the victim of a significant attack, in contrast to virtually every other cryptocurrency exchange.

Therefore, taking everything into consideration, Huobi is a crucial exchange for the modern cryptocurrency trader due to its historic history in the crypto industry, top-ranked security, a simple and attractive user interface, and internationally oriented packaging. Because there is most definitely more to Huobi than initially meets the eye, let's take a closer look at the services provided by the exchange.

The process of creating an account with Huobi is, as one could reasonably anticipate, uncomplicated and uncomplicated. The only thing that requires extra attention when you first start using Huobi is determining the version of the software you require. Where you now call home is the deciding factor in this matter. The answer for most people will be Huobi's international site, however for people living in the United States, the answer is Huobi US, also known as HBUS. In order to prevent falling victim to phishing, you should always check, double-check, and even triple-check the website URL before entering any sensitive information.

It is a known fact that selecting the appropriate Huobi site might be quite challenging. Which of these websites—huobi.com, hbg.com, hobi.pro, or hbus.com—is the one you should be using? The correct response is "all of them." It is my hope that the administration of Huobi would clean up its present surplus of domain names, which would also protect consumers from accidentally entering into fraudulent websites.

To begin using Huobi, all you need to do is click the "Sign Up" button that is located in the top right corner once you have navigated to the version of Huobi that is most appropriate for your country of citizenship. This will bring up the standard popup asking for your fundamental information, which is:

After you have entered the necessary information, a verification email will be sent to your inbox, and you will be asked to click the link inside it. After everything is finished, you will be brought back to Huobi, where your account will be active and available for use. Your own personal safety is an important consideration, as is the selection of a password that is not only strong but also simple to keep in your memory. You are good to go after you have activated two-factor authentication (2FA) on your account and begun exchanging passwords in order to strengthen your security.

When you go to Huobi's marketplaces, you will find a cool feature that is perfect for people who are just starting out. To put it simply, each item that you look at will have a concise synopsis connected to it. In order to provide customers with a guided shopping experience while purchasing cryptocurrencies, Huobi provides information on the supply of a coin as well as the purpose for which it was created. It goes without saying that you should still conduct your own research; nevertheless, knowing these waypoints might be helpful.

Huge selection of different trading pairs – If you use Huobi, you practically never have to look at the same digital asset twice, even if you want to. This is due to the fact that the exchange offers a mind-boggling variety of trading pairings, the most of which are presumably foreign to you as a westerner. Huobi's selection places a significant priority on projects originating in Asia; as a result, the exchange is typically the initial landing spot for many emerging currencies originating in China, South Korea, and Singapore.

On-the-spot assistance for customers — It's incredible how quickly Huobi replies to customer support requests. When you contact Huobi about your account, you can often anticipate a response within the hour. Because of how quickly it responds, it stands head and shoulders above any other exchange.

Huobi User Protection Fund — Comparable to Binance's SAFU, Huobi invests a portion of its revenues into its User Protection Fund as a kind of insurance against hacks, thefts, and other unanticipated occurrences that have an impact on users' wallets. If you are a customer, this is a significant benefit since it means that you can be pretty comfortable that you will be safe and sound with Huobi presumably returning you to rights in the event that something goes wrong that is beyond your control. This is a great advantage.

Trading accounts maintained by institutions — Huobi has captured the attention of institutional traders and accounts all around the world as a result of its consistent ranking as one of the largest exchanges in the world year after year. As a result, Huobi has established a dedicated trading desk for users of the institution and company size categories, which facilitates trading in both OTC and dark pools.

Trading Derivatives - In response to demand from other major exchanges, Huobi has also developed its very own trading derivatives products, which are available on the Futures and Swap markets.

In addition to supplying assistance for derivatives trading and margin trading, Huobi has become one of the industry leaders in providing support for C2C lending and margin trading.

When it comes to trading costs, Huobi is extremely competitive, and this can largely be attributed to the company's astute choice to migrate to a native token-based economy, in a manner comparable to that of KuCoin, Binance, and Bibox. Users that own Huobi Token, often known as HT for its abbreviated form, have the ability to cut trading costs in half, participate in governance decisions surrounding the platform, and take part in initial exchange offerings (IEOs).

It is simple to lower fees on the platform by utilizing HT. Keeping HT in your wallet is sufficient; then, in the user setup panel of your platform, choose the option to utilize HT to pay for trading costs. You will now receive a significant reduction in comparison to the regular cost, which comes out to be:

0.2 percent for the maker charge
0.2 percent is the taker charge.

When you make use of HT, each of these costs is reduced by one-half. In addition, there are VIP memberships that may be reserved, and doing so will result in a reduction of those same prices by up to 65 percent.

In general, Huobi provides a superior exchange service that more than lives up to the lofty reputation it has earned as one of the most reputable cryptocurrency exchanges. When it comes to exchanges, it's not easy to amaze people, but Huobi manages to accomplish it with its immediate customer support, fast and seamless user interface, and highly secure exchange that offers a wide variety of choices for securing your account.

The fact that the transaction might be very puzzling in places is pretty much the only thing that can be criticized about it. It is difficult to determine which choice is the most advantageous because there is an excessive number of domain names, and the display of its VIP memberships versus Huobi Token is confusing. It's strange that Huobi continues to offer VIP membership when it could easily bundle all of those perks into different levels of holding HT tokens (like Binance does).

In spite of these drawbacks, Huobi delivers where it counts and provides us with access to tokens from the Asian market that we otherwise would not feel comfortable dealing.

Hackers are likely to target large digital currency exchanges like Huobi Global, which service millions of users all over the world. In order to provide users with a dependable and risk-free trading environment, Huobi implements a number of security mechanisms similar to those found in banks. These include cold wallet storage, account alerts through email and SMS, and two-factor authentication (2FA). Huobi, in contrast to other cryptocurrency exchanges that have been the target of cyberattacks, has never been effectively penetrated to the point where cash or the personal information of its users have been stolen.

Both Huobi and Huobi Pro are equipped with a number of useful features, including advanced options, an easy-to-navigate user interface, and a mobile trading app. The following table provides a comparison of other cryptocurrency trading exchanges to Huobi that provide services on par with those offered by Huobi.

Individuals who are citizens of the United States of America are not permitted to use the trading platform or services provided by Huobi since it is stated in the User Agreement for the cryptocurrency exchange. Huobi.US (HBUS) was a key partner of Huobi Global that enabled investors from the United States. However, this service was discontinued in 2019 because to issues over regulatory compliance.

There have been rumors that Huobi would return to the US market in 2021. Additionally, the Nevada Financial Institutions Division has given the Huobi Trust Company permission to operate as a trust through a license granted to the company's wholly-owned subsidiary. This would make it possible for Huobi to conduct business in the United States as a cryptocurrency exchange and to offer regulated financial goods and services.

Investors from all around the world may start their adventure into the cryptocurrency market by using Huobi's all-in-one digital currency platform, which offers a fiat-to-crypto onramp as the first step in the process. The exchange allows users to fund accounts with 57 different fiat currencies, including USD, EUR, GBP, AUD, CNY, and a great number of other options. There are a number of different payment methods that may be used to deposit any fiat cash into Huobi, and these methods vary according on the nation. There are presently sixty different ways to make a payment for cryptocurrency purchases, including international wire transfers, bank transfers, WeChat, AliPay, and using a credit or debit card.

The same Huobi user account may be used to trade on any of the several cryptocurrency marketplaces that are offered by Huobi. Individuals have the ability to engage in digital currency speculation through the use of the Spot Exchange, Margin Exchange, Futures Market, Options, and USDT-Swaps with leverage that may go up to 125x. Customers are now able to hedge their holdings and reduce their exposure to market circumstances through the use of leveraged crypto trading instruments, which enable them to short-sell bitcoin.

Before engaging in cryptocurrency trading, you should give careful thought to using an exchange that charges low trading costs. One of the most competitively priced fees for buy and sell orders on Huobi Global is 0.2 percent each transaction. This fee is one of the lowest available and may be cut even more by holding HT tokens. When compared to the costs charged by major worldwide exchanges like as Gemini and Coinbase, which vary between 0.25 percent and 0.5 percent every trade against fiat and cryptocurrency pairings, these prices are slightly more competitive.

A new tool called Huobi Earn has been developed by Huobi. This function offers customizable and set lock-up conditions to enable users to earn interest on coins and tokens that are stored in a Huobi wallet. Customers have the option of depositing cash in order to earn interest that is compounded on a daily basis on the most popular cryptocurrencies and DeFi tokens. For instance, deposit USDT to receive an approximate annual percentage yield (APY) of about 6.6 percent, with a variable term of up to 8 percent locked in for a period of ninety days.

Over 190 nations across the world have access to the Huobi Global platform, making it ideal for cryptocurrency investors and traders. Residents of the United States of America, Canada, Japan, Iran, North Korea, and Crimea are not permitted to use the Huobi exchange since it is forbidden under the User Agreement. This is because of the stringent laws that are in place to oversee the distribution of financial goods and services.

In reaction to China's recent crackdown on cryptocurrency, the exchange has lately begun blocking access to specific nations in order to prevent them from trading futures and derivatives. A report states that individuals from mainland China, Taiwan, Israel, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Sevastopol, and retail investors in the United Kingdom are no longer permitted to trade in these items. Investors in the United Kingdom and the United States will be required to locate an alternative cryptocurrency exchange in their respective countries.

The establishment of a new account with Huobi as well as the upkeep of a Huobi wallet are both completely free of charge. When using a Huobi account for activities such as adding funds to the exchange, buying and selling digital assets, trading between different types of assets, or withdrawing funds to an external wallet, users are subject to certain fees. It is typical for a centralized exchange to charge these fees in order to offset the costs incurred by the company in the provision of the infrastructure required to produce a secure trading environment.

The process of creating an account with Huobi takes only a few minutes to complete. Users will be need to register with both an email address and a password. Traders are required to verify their identities before being granted access to higher withdrawal limits. An immediate cryptocurrency swap platform that does not require a user to disclose their personal information and want to stay anonymous is available for usage by those who do not desire to provide their personal information and wish to maintain their anonymity.

Individuals who wish to acquire or sell cryptocurrency utilizing fiat currencies such as USD, EUR, or KRW are required to finish a Know Your Customer (KYC) stage before doing so. After uploading a government-issued identification document and scanning a photograph, the Huobi verification process typically takes around ten minutes to finish. The papers are uploaded through a trustworthy and protected portal, after which they are personally examined by the Huobi staff. When there is a significant increase in the volume of users, the verification procedure may take up to seven days to finish.

Huobi allows users to fund their accounts using 57 different local currencies and 60 different payment methods, allowing them to enjoy all of the features and services that the platform has to offer. The user will be offered with the available deposit alternatives to move fiat currency to the exchange, however this will depend on the nation in which they are located. Bank transfers, Faster Payments, AdvCash, credit and debit cards, wire transfers, and SWIFT are some of the common forms of payment that are enabled for deposits.

For instance, users with Level 2 verification can send up to 10,000 Euros per month and 100,000 Euros per year to their Huobi accounts using a Single Euro Payments Area (SEPA) bank transfer. The use of a bank transfer to make a deposit does not incur any costs; however, the fact that there is presently no option to withdraw Euros or Pounds to a bank account is a drawback. Recent events have also resulted in the suspension of USD deposits on the exchange.

On its trading platform, Huobi supports over 364 different cryptocurrencies. These cryptocurrencies include some of the most popular coins, such as Bitcoin, Ethereum, Litecoin, and XRP. The exchange is consistently adding new currencies in developing blockchain businesses such as decentralized finance and meme tokens, both of which have seen a significant surge in popularity over the course of the past few months. Huobi's coin selection is equivalent to that of Binance and KuCoin, two other cryptocurrency exchanges that provide users with the opportunity to purchase, trade, and sell the same amount of cryptocurrencies.

The currencies are matched against USDT, HUSD, BTC, ETH, and HT, in addition to chosen altcoins, so that more than 927 distinct marketplaces are available to explore and locate chances to trade in. The marketplace offers a comprehensive list of the trading pairs that are supported, replete with a column labeled "top gainers." This column is helpful for locating trading pairs that have large volume over the course of the previous twenty-four hour period.

In terms of traffic, liquidity, trading volumes, and trust in the legality of trade volumes stated, Huobi Global is now ranked as the third largest cryptocurrency exchange in the world. At the time of this writing, Huobi processes a daily transaction volume of almost $15 billion, with BTC/USD and ETH/USD accounting for nearly 20 percent of the exchange's total transaction volume.

Many cryptocurrency investors and traders base their decision on the platform's trading interface when choosing a cryptocurrency platform. Chart analysis and the search for potential trading opportunities will consume the majority of your time here.

Huobi has a user interface that is intuitively organized, responsive across all platforms, and aesthetically pleasing. You may access all of Huobi's features and services using the fast drop-down menus that are located on the top menu bar. The order book is on the right side of the screen, while the charts and order windows may be found in the centre. When you click on a price, your limit order will be automatically filled out. Even after logging out of Huobi or switching between trading pairs, any sketching tools or patterns that were layered on the chart will remain there. As a result, the chart analysis will continue to be displayed on the chart until it is deleted by the trader.

In addition, there is the choice to switch between a light mode and a dark mode, as well as the capacity to add charts to a favorites list. In general, we did not find many issues with the trading experience, and we found that it stacks up favorably when compared to other leading cryptocurrency trading platforms.

Users of Huobi have the option of using either of two different user interfaces. Huobi is responsible for the development of the default charting window, which makes it easy to examine the charts for each pair. Users, on the other hand, have the option of switching to TradingView charts, which are well-known for offering superior trading tools and charting capabilities for cryptocurrency. When trying to timing a trade properly, there is a vast variety of different time frames and tools that may be used to draw trend lines, add indicators, and create chart patterns. Some examples of indicators that could be used include the following:

Moving averages with a simple formula
The Relative Strength Index (RSI), Ichimoku Bollinger Bands, Average True Range MACD Volume, Stochastics, and a number of additional indicators.
Placing Orders

A number of of orders, including limit, market, stop-limit, and trigger orders, can be placed using the order window. The latter feature is one that can only be found on Huobi and gives users the ability to place orders in the market at a predetermined price and quantity that will be carried out once a trigger price has been reached. This order is essentially a combination of a market order and a limit order, and it has the potential to be utilized as a stop-loss order in order to safeguard financial resources. Although it is possible to use this function on a limited number of exchanges, it is essential to keep in mind that it does not constitute a guaranteed stop order.

The order book window that is located on the right side of the screen is user-friendly and has the capability to auto-fill the price, which helps users avoid making typographical errors when putting in the wrong price or decimal place. Utilizing the auto-fill options allows for the transaction amount to be entered in a flash (e.g. 25 percent , 50 percent or 75 percent ). A tooltip with information on the fees is located at the very top of the order window. This is an excellent method for determining whether the maker and taker fees are accurate depending on the volume amount or whether discounts are applicable for keeping HT tokens.

Huobi's futures derivatives platform is now the fourth largest platform for trading derivatives in terms of volume, ranking behind only Binance, OKEX, and Bybit. When it comes to risk management tools that can be accessible with a single Huobi Global trading account, using the futures market on Huobi is one of the most effective ways to short sell Bitcoin and other cryptocurrencies. A person can hedge their crypto portfolio by placing orders on the futures market in order to optimize returns, decrease the influence of price swings in the spot market, lock in winnings and losses, and earn a continuous trading income.

Trading Futures, USD Coin Swaps, and DeFi derivatives are all available on desktop computers, tablets, and mobile devices, all of which may be accessed from any location that has access to the internet. Because the user interface looks exactly the same as the spot exchange, this provides existing Huobi users with a sense of comfort and familiarity. Even if a leverage of up to 75x is available for trading crypto futures pairs, doing so is not something that novice traders should do. The additional advantage of using trailing orders to enhance possible gains is also included in this benefit.

The maker and taker model underpins Huobi Global's 0.20 percent basic trading charge for its spot markets. This trading cost is based on the model. When using Huobi Tokens (HT) to pay for transaction expenses, holders are entitled to a fee reduction, the magnitude of which is proportional to the quantity of HT held. For instance, a person who has more than 5,000 HT stored in their Huobi wallet is eligible for a discount of up to 65 percent on the fees associated with spot trading. In general, the spot trading costs on Huobi are competitive in the market; nevertheless, they are slightly higher than the fees that begin at 0.1 percent per transaction on Binance, OKCoin, and KuCoin, respectively.

When compared to Huobi's spot market, the transaction costs for Huobi futures contracts involving USD and coin-margined pairings are different. Transactions involving buy and sell will carry a fee of 0.02 percent for maker orders and 0.04 percent for taker orders. There are no cost reductions associated with holding HT tokens; however, it is possible to obtain a preferred rate from Huobi if you become a VIP client by trading more than 25 million in a period of 30 days. On the Huobi website, you may see the fee schedules for futures and swap contracts.

Huobi has provided its users with the opportunity to profit from low rates when trading big amounts of cryptocurrency on the spot exchange by launching a Super Star VIP program. Accounts that have a 30-day trading volume of more than 50 BTC across any cryptocurrency exchange are eligible for discounted fees and rates.

For instance, users who have a 30-day volume that ranges from 20 to 50 BTC each month are eligible to apply for a reduced trading charge of 0.07 percent for both maker and taker orders. The Huobi Super Star Program offers extremely competitive trading fees, with the lowest being 0.0097 percent for makers and 0.0193 percent for takers.

Trading bots have been implemented by Huobi to automate transactions conducted on the spot exchange. The Grid Trading function makes use of an automated bot that places orders inside of a predetermined rectangle or range. You are able to enter buy orders at the lower border of the range, and those orders will automatically sell themselves when the price hits a certain position within the top of the grid. The current data from the backtest indicates that the Huobi grid trading bot has a 7-day yearly yield of 29.47 percent; however, it is important to note that previous performance is not always indicative of future success.

In order for traders to start utilizing the bot, they will first need to pass a knowledge exam, which should not present much of a challenge for more experienced users. Only the Grid Trading bot is available for use by Huobi customers as their automated trading solution of choice. People who want to automate complex crypto methods like arbitrage trading and trading based on technical indicators will need to use alternate platforms. These platforms are only available to users who meet certain requirements. Pionex and Quadency are two more platforms besides Huobi that offer built-in automated trading bots. These platforms differ from one another. Read the reviews in their entirety for further information.

Customers who have their identities verified by Huobi have the ability to use their cryptocurrency holdings as collateral to secure a loan in the form of cash or digital currency. This money can then be withdrawn for spending, used to trade on the Spot exchange, or cashed out to use on the Margin and Futures platform. BTC, USDT, ETH, HUSD, HT, LTC, BCH, EOS, LINK, BSV, XRP, DOT, and HPT are the supported cryptocurrencies that may be deposited and utilized as collateral. Other supported cryptocurrencies are BSV, DOT, and XRP.

For instance, a person can receive a loan in the amount of $10,000 USDT by placing a collateral deposit of 0.39 BTC. The interest rate is estimated at 0.0345 percent daily, which equals $310 USDT when applied to a loan with a term of ninety days.

The set period for Huobi loans is either 30, 45, or 90 days, and borrowers have a variety of options on how to repay the loan. In the event that early repayments are made, the borrower will not be subject to any fines or penalties; nevertheless, the interest amount will be paid off first, followed by the principal amount. The number of hours used is factored into the calculation for the interest rate, which is dependent on the date the loan was first disbursed. After a grace period of seven days, interest payments that are late will incur a penalty equal to three times the standard interest rate.

A function called "coin staking" is available on Huobi, and it enables users to earn rewards just by keeping digital currencies in a wallet hosted by Huobi. As a matter of fact, Huobi is regarded as one of the best platforms for staking cryptocurrency owing to the fact that it does not charge any fees. For instance, CSPR may be staked on Huobi Global in order to get an expected payoff of ten percent annual percentage yield (APY). Staking is suitable for cryptocurrency users who are comfortable keeping their funds locked up for a certain period of time in order to earn the benefits of staking. After the coins have been staked, the remaining amount in the Huobi wallet will be subtracted, and the coins will automatically stake themselves in the pool so that they can collect rewards.

A drawback of staking coins with Huobi is that the assets will become inaccessible for trading after they have been locked in the Huobi account. At the time that this article was written, the number of Proof of Work (POW) coins that are supported is restricted to CSPR. When compared to other exchanges that allow cryptocurrency staking, such as Binance, which supports over 37 different cryptocurrencies, including CELR, TEZOS, SUSHI, ADA, and ATOM for staking advantages, the number of coins that are supported by this exchange is quite low.

Additionally, Huobi provides assistance with the Ethereum 2.0 network transition to a Proof-of-Stake (POS) consensus architecture. Users have the option of depositing Ethereum into fixed wallets in order to stake their claim for ETH 2.0 prizes. Once the Ethereum update has been successfully carried out, only then will it be possible to claim the benefits. Read this post to learn all you need to know about staking, including a complete beginner's guide to staking cryptocurrency.

The mobile trading app offered by Huobi Global is both sophisticated and user-friendly, and it is available for download on devices that are compatible with both iOS and Android. Create an account, verify your identification, deposit and withdraw cash, make trades, and keep track of active positions—all of these tasks may be accomplished using the app. The trading app offered by Huobi has received over 10,000 ratings and reviews on TrustPilot, earning it an overall rating of 3.8 out of 5 stars in the Android market place.





However, there are a number of customer reviews that discuss technical difficulties with the Huobi app's registration, know your customer (KYC), and log in processes. A member of the Huobi support team has responded to each and every comment, which is a fantastic demonstration of how to provide excellent customer service.

Huobi has established itself as one of the most trustworthy marketplaces for the purchase and trading of cryptocurrencies. The platform provides a reasonably secure location for temporarily storing assets, and users may take solace in the fact that the exchange has dealt with more than one billion dollars without suffering any security lapses. Huobi Global has adopted a number of safety measures in order to secure the personal information of its users as well as their cash from external threats, internal errors (such as human mistakes), and the misuse of internal power.

Huobi has a stringent procedure to ensure that customers' digital assets are kept in a cold wallet or a hot wallet, respectively. The website claims that 98 percent of bitcoins are kept in cold wallets that require several offline signatures to access. The cryptocurrency trade platform has introduced a Huobi Security Reserve, which contains a total of 20,000 BTC. These funds, which belong to Huobi and are stored in separate wallets, are available for use in the event that an unlikely exchange is hacked or otherwise compromised. The overall level of protection features that have been factored in demonstrates a high degree of safety has been designed into the platform for its users to safely trade and hold cryptocurrency utilizing the Huobi wallet. This allows for the platform to be regarded as having a high degree of safety overall.

 

Sites like Huobi in the UAE

Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:

 

 

Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.