Huobi.com Crypto Exchange Review: It Is Good Or Bad?

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

How To Start ?

How To Sign Up At Huobi Exchange ?

It Is Very Easy To Sign Up At Huobi Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Huobi Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Huobi Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Huobi Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

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

Start Your Cryptocurrency Journey Today

Manage Your Assets

Trade with up to 5X leverage for spot trading.

Credit Card Payments

Buy cryptocurrency with your credit card.

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.