Huobi Review

Learn how to use Huobi, what Huobi fees are, how to trade on Huobi, and much more in this comprehensive Huobi Review. Review

⭐⭐⭐ Also, don't miss out on the exclusive referral bonus ⭐⭐⭐

Get an Exclusive Deposit Bonus!

Last Updated: September 5, 2022

0
Our Score
4.1/5
It might be challenging to find the finest cryptocurrency exchange to suit your trading needs. Finding the ideal exchange might be difficult given that there are more than 400 different cryptocurrency exchanges accessible, many of which specialize in particular areas. Don’t worry; we’ll help you find the true and effective path to simplify and ease your search. That is precisely the reason we are providing you with our Huobi Global review, which will allow you to decide if this exchange is ideal for you.

Pros:

✅ A wide range of cryptocurrencies: hundreds of cryptocurrencies are up for trade.
✅ Dependable help center: 24/7 live chat assistance.
✅ Low transaction costs and a large selection of tokens.
✅ Tools for professional traders (margin, futures, advanced charting, etc.)
✅ There is a mobile application available.
✅ Easy to use interface.

Cons:

❌ Not all nations have Huobi available.
❌ Criticism of customer support.
❌ Hard to use for beginners.
❌ Unusually low volume.
❌ Operating from an unlicensed establishment in Seychelles.

Table of Contents

What is Huobi Global?

Asian markets are well-known for the top cryptocurrency exchange Huobi Global. The 2013-founded company Huobi provides a digital asset ecosystem with spot trading, derivatives trading, staking, crypto loans, crypto yield products, and other services.

Offering the exception of customers in the USA and Japan, Huobi Global is a cryptocurrency exchange with advanced trading tools for everyone. This exchange provides the opportunity to purchase, sell, and trade more than 350 cryptocurrencies as well as the ability to stake bitcoin assets in exchange for rewards. Over-the-counter (OTC) trading, trading bots, leveraged trading, and futures trading are additional trading possibilities. It also provides loans that you can secure with assets.

For seasoned cryptocurrency traders and investors, Huobi Global offers a comprehensive ecosystem that enables users to buy, sell, stake, and borrow a wide variety of cryptocurrencies. Beginners could find the platform’s abundance of tools and features confusing because the exchange hasn’t been able to ensure regulatory compliance in significant areas.

Features of Huobi  Global
  1. Huobi Chat: Huobi Chat is a social networking app for fans of bitcoin available for iOS and Android. It offers a complete platform for sharing news and trends among the cryptocurrency community and was created and tailored to meet the needs of the cryptocurrency business, including e-commerce and crypto communities.
  2. Margin and Derivatives Trading: In order for Huobi to succeed in the cryptocurrency market, its creators realized that users required more from the exchange than just a platform for trading cryptocurrencies. As a result, it debuted its own derivatives for the swap and futures markets. After introducing its derivative products, Huobi focused on margin trading; currently, it is one of the market leaders supporting C2C and margin lending.
  3. Huobi Polkadot Parachain Auctions Along with Kraken and KuCoin, Huobi is one of the few exchanges that supports Polkadot para chain auctions. This functionality, in my opinion, is superb and a significant draw for fans of the Polkadot ecosystem. Despite Polkadot being a terrific project with a lot of potential, many bitcoin users are unsure of how to participate in the DOT auction process due to its complexity and difficult user interface.
  4. Huobi API: Users of Huobi Global can program their trading bots using the REST API or the Huobi API key. Before beginning to trade using the Huobi API, users must first create their own unique API key, which they should keep secret.
  5. Huobi Earn: Huobi Earn offers a variety of wealth management and investing tools to give customers a wide range of chances to produce passive income from their holdings. Another benefit of Huobi is the enormous selection of Earn goods it offers.
Best crypto referrals -

REFERRAL CODE

How to claim exclusive sign up bonus from our referral code

As was already said in this page, Huobi’s success as a referral code/affiliate system is mainly due to its simple procedure. When you open an account, you essentially get a special affiliate referral code or referral link. Once you’ve obtained this code, you may use it to create a referral link that you can share with other users and your friends.

The user may be eligible for a bonus if they open a new account using the Huobi referral link. Users can take advantage of the referral bonus by using the provided referral link or referral code. Huobi offers an Exclusive Deposit Bonus as a result.

Since the “Referral Code” area in your browser will already be filled in, using our link or referral code is now hassle-free. Just complete the last few stages of the registration process.

Please note that you may use your XT.com referral code in conjunction with either of the two accepted mail- or mobile-based methods. Since so few exchangers give both of these advantages, XT.com stands out from the competition.

Before continue, make sure you have read and comprehended all of the T&Cs. Make sure you are completely aware of all the terms before you begin your trading adventure with them with joy and satisfaction.

Supported Exchanges

A thriving environment for crypto assets has been aided by the Huobi Token (HT), the Huobi Eco Chain, the HUSD stablecoin, and other elements. Some of the most well-known digital currencies and tokens that are currently traded on the platform include the following:

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

How to Start

Remember that you must be 18 years old and a resident of one of the authorized countries in order to establish a Huobi Global account. New users start the registration process by providing their email addresses and password. A user’s account is first verified via email, and after that, they are asked to provide identification documentation, including a photo ID, a selfie, and information about their residence and birthdate. The verification procedure could take up to 7 business days.

Customers can add money or cryptocurrency to their trading accounts after authentication. Customers of Huobi have the option of staking cryptocurrencies or putting a deposit into a Huobi Earn account to earn income.

Is It Safe?

Losing money quickly due to trading in financial investments, such as Forex, Spread Betting, Social Trading, and Share Dealing, is not unusual. Huboi Global Exchange for Cryptocurrencies.

Huobi, meanwhile, has encountered difficulties on the regulatory front. Since Huobi Global is a Seychelles-incorporated unregulated organization, the exchange might not be authorized to conduct business in all of the countries.

The payments customers make to Huobi accounts are held in a specific bank account, which is a good advantage. In order to increase security, Huobi uses tier-1 banks. The standard metric for assessing a bank’s financial health and soundness is Tier 1.

We can therefore say with confidence that Huobi is a reasonably safe and secure platform.

Payment Methods

Any of the listed fiat currencies or cryptocurrencies are available for deposit and withdrawal on the site. The following methods are available for deposits and withdrawals if you are using fiat currency, including such GBP:

US ABA Transfer, SEN, Visa/Mastercard, SWIFT International Transfer, USD Balance, etc.

There are various deposit and withdrawal restrictions based on each step of identification verification you have undergone. Verified users have a daily withdrawal cap of 100 BTC. By agreeing to the terms of the user agreement, you give the platform permission to set a cap on your deposits and withdrawals. For accounts that haven’t been confirmed, the most you can withdraw is 0.06 BTC.

Verdict: Should you use Huobi?
If you want to access a huge variety of cryptocurrencies with little cost, Huobi Global is a fantastic exchange. The opportunity to stake, lend or deposit cryptocurrency for incentives are all available, along with margin and futures trading. Furthermore, it gives you the option of borrowing money against your cryptocurrency holdings. The Huobi exchange evaluation so attests to the platform’s dependability. The User Protection Fund is undoubtedly deserving of special recognition, in addition to the platform’s other distinctive features.

Why we Recommend:

✅ A wide range of cryptocurrencies: hundreds of cryptocurrencies are up for trade.
✅ Dependable help center: 24/7 live chat assistance.
✅ Low transaction costs and a large selection of tokens.
✅ Tools for professional traders (margin, futures, advanced charting, etc.)
✅ There is a mobile application available.
✅ Easy to use interface.

Drawbacks:

❌ Not all nations have Huobi available.
❌ Criticism of customer support.
❌ Hard to use for beginners.
❌ Unusually low volume.
❌ Operating from an unlicensed establishment in Seychelles.

0
Our Score
4.1/5

(567 User Reviews)

Menu