About Huobi.com
Huobi.com is one of the largest cryptocurrency exchanges based and catering to Asian audiences, having operated in the space since 2013. It has recently made some branding adjustments, and today its major offering is Global, its global crypto exchange offering an inviting platform to trade cryptocurrency – with a wide support for many altcoins and a large variety of stablecoins, alongside its own invention – HUSD, a USD-backed stablecoin. Huobi also has a token – Huobi Token, or HT – which they try to market as a utility token and are working hard to promote usage in it, for competitions, fee discounts, voting on certain matters and more.
Headquartered in Singapore, Huobi Exchange Pro describes itself as a ‘digital asset exchange’, rather than simply a cryptocurrency exchange. The exchange supports ICO tokens as well as cryptocurrencies and believes that future development of the Blockchain economy will lead to new categories of digital assets appearing. The holding company behind the exchange was founded in Beijing in 2013 and forced to relocate to Singapore last year as the Chinese government banned Fiat to cryptocurrency trading and ICOs.
Huobi Exchange Basic Points
Exchange Name | Huobi |
Accepted Payment Methods | Crypto to Crypto, Crypto to FIAT |
Language | English |
Fiat Deposit | Yes |
Deposit Fees | Free. Small deposit fees apply. |
Easy To Use | Yes |
Security | High |
Make Fee | 0.1 |
Taker Fee | 0.2% |
Support | 24/7 |
Customer Support | Available At Ticket & Live Chat |
Official Site | Homepage |
How To Start ?
How To Sign Up At Huobi Exchange ?
How To Deposit Fund At Huobi Exchange ?
How To Trade At Huobi Exchange ?
How To Withdraw At Huobi Exchange ?
Huobi Fees
While the size of the exchange and the reach are important considerations for the trader, the most important criteria comes down to the impact on their wallet. Exchange fees are sometimes what can make or break a traders experience and profitability.
To that end, Huobi.com fees seem to be some of the most reasonable and straightforward in the market. They operate in a similar way to a number of other exchanges in that they have maker / taker fee schedule.
Withdrawal Fees
Huobi also applies what they term a “withdrawal fee”. However, what this is really is just the cryptocurrency network fee or “mining fee”. This is predetermined by Huobi but one hopes that it will vaguely track the actual cost of mining. To give you a rough indication of these fees, here are the withdrawal fees (per request) of some of the top 10 coins in market cap.
- Bitcoin: 0.001- 0.001
- Ethereum: 0.01
- XRP: 0.1
- Bitcoin Cash: 0.0001
- EOS: 0.5
- Litecoin: 0.001
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Manage Your Assets
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Credit Card Payments
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Secure Storage
Client funds are held in dedicated multi-signature cold wallets. 24/7 security monitoring.
Dedicated 20,000 BTC Security Reserve Fund.
Access Anywhere
Deposit, withdraw, and trade 24/7 on our mobile apps for Android and iOS.
Ease of Use
The interface looks good, and it’s fairly easy to use. There are two languages available – Chinese and English, but the website is only partially translated into English, and it’s still difficult to use for foreigners.
The website is fast and responsive, which is of particular importance to the exchanges with high liquidity such as Huobi. The trading platform also offers Android and iOS apps for mobile users.
Supported Countries
- USA (except Alabama, Arizona, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, Washington and all U.S. Territories)
- China
Support
The exchange has a great support team which can be reached by phone, email, ticket or by social networks. The staff is very polite and willing to go above and beyond to resolve a problem. Typical response time is 2 to 3 hours.