Huobi | Business24-7

Braden Chase

Updated: 6 September 2023

Published: 2 March 2023

Page Summary

Huobi is the leading crypto exchange platform based in Beijing, China. It has excellent trading platforms with many features. Traders access margin trading, futures trading, and trading bots. Huobi supports 200+ digital assets. It is a top choice for traders at all levels.  

Review Summary: 

Huobi is a trustworthy exchange available in 130 countries.
It offers many services, including futures trading, margin trading, and staking.
It has an excellent referral and incentive program.
It offers some of the best safety measures for user assets and private data.

Huobi Overview:

Huobi is one of the largest digital assets exchange platforms. It is part of Huobi Global, offering access to the Huobi token. This exchange provides access to 200+ cryptocurrencies. It has 15+ fiat currencies available and a proprietary token. The Huobi token offers attractive rewards.

Trading Experience

Huobi offers two proprietary apps, Huobi Wallet and Huobi Pro, and a web trading platform. All its platforms offer many features and account tiers. Our Huobi review shows account holders receive access to:

Huobi Earn
Instant Buy Option for different payment methods and P2P;
Grid Trading Bot
Premium security settings
Multi-coin wallet
High Liquidity

Cryptocurrencies Available 

The Huobi exchange offers 200+ cryptocurrencies, including Bitcoin, Ethereum, and Tron. It provides 15+ fiat currencies and a proprietary token. Read our in-depth reviews to learn more about exchanges and digital assets.

Fees 

Huobi has transparent trading fees. It has a General Tiered Fee for users whose 30-day trading volume is less than 1000 BTC. The General Tiered Fee for all users is 0.20%. Huobi account holders receive discounts by holding this exchange’s proprietary token. The Professional Trader Tiered Fee is an exciting program at Huobi. Users with a 30-day trading volume higher than 1000 BTC have an average fee of 0.07%. Trading volumes are important at Huobi exchange.

Huobi has high withdrawal fees. On average, it costs $20 to withdraw funds from this exchange. The withdrawal limit for verified accounts is 100BTC daily. Unverified users are allowed to withdraw 1BTC per day. Huobi fees are average. Read our in-depth reviews to learn more about exchanges and trading fees.

Regulation & Reputation 

Huobi uses reliable safety protocols. It uses a decentralized exchange structure to diminish DDoS attacks. Huobi has a fund to cover any account affected by hacks. The Huobi user protection fund is an excellent approach to protect account holders.

Huobi Global recommends to all account holders to use all available security measures:

Two-factor authentication;
SMS notifications;
Email notifications;
PGP encryption.

Account Opening 

Opening new accounts at Huobi is simple. The steps you need to follow are:

Access the official Huobi website;

Click on Sign Up;

Submit the requested information and click on Sign Up;

Complete the registration process with the verification code sent to your phone or email address.

Customer Support 

Huobi has an average customer support team available 24/7. It offers chat and email support. Huobi has a dedicated FAQ section on its main website. Read our in-depth reviews to learn more about customer services and online trading.

Summary 

Huobi is an exciting cryptocurrency exchange that focuses on safety. It offers 200+ digital assets and high liquidity. We recommend it for traders who want access to instant buy features with debit and credit cards.

FAQ

What Is A Centralized Cryptocurrency Exchange?

A centralized crypto exchange is a private company that offers access to trading platforms. It lets users invest in digital assets. These exchanges request registration, known as the Know Your Client rule.

What Is A Decentralized Cryptocurrency Exchange?

A decentralized cryptocurrency exchange is a provider that has no central point of control. It works as a server, but each computer within the network operates in different areas of the world. If one device malfunctions, it doesn’t interfere with the network’s activity. Decentralized exchanges don’t follow the rules of a regulatory body. If you opt for a decentralized exchange, you should understand the risks. Check our in-depth reviews to read more about crypto exchanges and safety.

Is Huobi Safe?

Huobi is a trustworthy exchange platform that has never reported a hack. It stores 90% of the user’s assets in cold storage wallets. Keep in mind that investing in digital assets is risky. Digital coins remain speculative assets. Read our in-depth reviews to learn more about online trading and risks.

What Is The Huobi Grid Trading Bot?

Huobi offers a free Grid trading bot. Traders use it to automatically buy low and sell high. It is an excellent ally in executing different trading strategies.

Disclaimer