Huobi Review 2023
Huobi is a great choice if you are looking for a cryptocurrency exchange. You can find over 350 cryptocurrencies and more than 1,000 markets on the Pro platform.
For new users, the exchange offers a variety of resources and tools. The help center has a large library of articles that covers account creation, futures trading and many other topics.
Overview
Huobi cryptocurrency exchange is one of the biggest in the world, boasting an extensive list of supported crypto coins, 24/7 customer support and a robust security system.
The basic platform allows traders to trade over 350 cryptocurrencies. Pro version users have access to more trading pairs and other features. The platform supports various payment methods such as credit/debit cards and bank transfers.
Users can purchase and sell Huobi Token (HT), a native token that helps reduce transaction fees on the platform. It also offers other advantages for its users such as price alerts and mobile trading capabilities.
Huobi offers an expansive suite of derivative markets similar to Binance. These include American call-and-put options that allow investors to make a profit based upon future price movements of underlying assets.
What is Huobi?
Huobi, a cryptocurrency exchange, allows traders to trade digital coins and buy them. Huobi was founded by Leon Li, an ex-Oracle computer engineer. It serves investors around the globe.
The company has offices around the world, including Seychelles, Hong Kong, South Korea, Japan and the United States. In August 2018 it became a publicly listed company in Hong Kong.
Huobi has been a major player in the crypto market since its inception. It is now one of the world’s largest and most liquid exchanges, testament to their commitment to building a loyal user base across Asia.
Recently, Huobi introduced futures trading to its derivative market in an effort to attract more sophisticated investors from traditional financial markets who wish to trade crypto. Furthermore, the company is working towards launching a public blockchain called Huobi Chain that will support its native currency, the Huobi Token (HT).
Although still young, the platform quickly became a leader in customer service and security. It uses cold storage to store 98% of client assets. The platform also offers a User Protection Fund that can pay out up to 20,000 BTC in the event of hacks or other breaches.
History of Huobi
Huobi was founded by Leon Li, an ex-Oracle engineer, in 2013. It has quickly grown to be one of the most popular digital asset exchanges. Although Huobi was originally Chinese-based in the beginning, it now has a worldwide clientele and offers a wide range of trading pairs as well as fast customer service.
The CEO of Huobi Token has made many bold predictions about the future of cryptocurrency. He advocates for a native token-based economy, which he refers to as HT (Huobi Token).
Huobi’s HT offers several benefits to holders, such as halving trading fees and giving users a voice in governance decisions regarding the exchange. Users can also purchase VIP memberships, which reduce trading fees up to 65%.
Huobi remains a top choice for cryptocurrency traders despite the recent decline in crypto prices. Their trading engine is fast and user-friendly, their user interface is clean and responsive, and the security on their platform is top notch.
Features
Huobi is a global crypto exchange that accepts more than 350 cryptocurrencies. The platform offers a variety of trading tools and features that are suitable for novice and experienced investors.
Huobi’s user-friendly interface makes navigating the platform and trading coins a breeze, plus, they offer multiple security measures to keep your funds safe.
For instance, Huobi User Protection Fund uses cold wallet technology to safeguard your coins and makes it one of the most secure exchanges in the industry.
Huobi offers an expansive selection of crypto assets and allows users to buy or sell them with their credit card. This is an invaluable feature for those seeking to invest in various cryptocurrencies without needing to open an account first.
User Interface
Huobi boasts a user interface that is familiar and straightforward for both experienced and novice traders alike, featuring TradingView-compatible candlestick charts and order books – making it an ideal platform for spot and derivative trading.
This exchange is ideal for both beginner and automated traders alike, offering an expansive selection of trading pairs that will appeal to most crypto investors. Its feature-rich trading platform makes it an outstanding contender in this space.
Huobi boasts an impressive security record and is one of the few exchanges that has never been victim to a hack. It maintains a multi-signature cold wallet and keeps a 20,000 BTC Security Reserve Fund to cover losses in case of cyber event.
Huobi provides a comprehensive trading platform, as well as a mobile wallet that supports various crypto assets and stablecoins. The app features one-click claiming of staking rewards, plus an intuitive NFT display to show tokens relevant to your needs.
Security
In today’s increasingly dangerous digital landscape, exchanges must take security measures to protect their users and assets. Huobi adopts a holistic approach to safety, incorporating multiple technologies and tools into its platform for maximum protection.
The exchange uses cold wallets to keep most of its cryptocurrency assets offline. This makes it more difficult for hackers to steal funds. Furthermore, the platform’s customer service team is always available to answer questions and address any worries you might have.
The company also uses two-factor authentication (2FA), which requires that you generate a 6-digit code every time you log in. These codes can be generated using any 2FA application such as Google Authenticator.
Additionally, the company provides user protection funds that act as insurance covers in case of unexpected risks. These include the Investor Protection Fund and Security Reserve Mechanism, which are the best ways to protect assets from cyber-attacks.
Customer Service
Huobi’s customer service is an essential aspect of any exchange. You can find articles about everything from account creation to futures trades, and live chat is available to help you connect with advisors.
Huobi is extremely accessible – they can be reached from anywhere with an internet connection. You can also contact them via various messaging and social media platforms if you are unsure where to start.
Huobi is a well-respected crypto exchange, due to its excellent customer service. Their agents are well-known for their attention to detail and politeness. Support can be reached by email, telephone or from any of the many country offices they have. Huobi is also a leader in security measures, including multi-signature cold wallets as well as 20,000 BTC Security Reserve Fund which can be used to reimburse customers in the event of hack attacks.
Trading Pairs
Huobi has a wide range of trading pairs with a special focus on Asia’s emerging market. This gives users the chance to explore coins from areas they might not have otherwise discovered.
The exchange has added many innovative features over the years like bot trading and cryptocurrency loans. The latter provides an accessible way to trade cryptocurrency without worrying about potential risks associated with buying and selling.
Furthermore, the exchange has launched a referral program where you can earn $10 bonus when your friend joins. Before you take advantage of this offer, make sure to carefully read all terms and conditions.
Huobi is not a regulated exchange, but it does take numerous security measures to safeguard users’ funds. It uses cold storage to protect user wallets, and it has a User Protection Fund that covers losses due to hacks or other circumstances beyond its control.
Supported Coins
Huobi offers a wide range of crypto assets to their users. Furthermore, they boast some of the lowest fees around – making them one of the best crypto exchanges for both novices and seasoned traders alike!
The platform supports a vast selection of coins and boasts excellent customer service – typically responding within an hour after contacting them.
It’s essential that the support team be able to answer all of your questions and address any problems you encounter. The platform offers 24/7 support via email and live chat.
Additionally, they have several country offices where customers can get assistance with their account issues. This allows for lower costs and makes the platform more affordable.
Huobi offers a large selection of supported coins, as well as the native utility token HT. This coin has an initial supply of 500 million and is used for paying transaction fees on the exchange. Moreover, it provides access to Huobi Cloud services and allows developers to collaborate with the exchange on projects.
User Protection Fund
Huobi’s user safety fund is one of its key features. It provides financial security for users in the event that their funds are lost because of security incidents. The platform spends 20% of its net revenue to buy back HT, and then places it in a fund that will be used to compensate customers who have been affected.
Another advantage of Huobi is its multi-signature cold wallet, which keeps your funds safe and offline. This makes it impossible for hackers to access your assets, keeping you protected against attacks.
It has earned a reputation as a security institution. It also has a 20,000 BTC Security Reserve Fund that was created to reimburse clients funds in the event of security incidents.
The platform also boasts a strong security team, strict compliances, and a strong security team. The platform’s decentralized exchange structure reduces the risk of DDoS attacks. There’s also a help center that provides a wealth of FAQs and articles. Customers can also use live chat to interact with agents.
Margin and derivative trading
Traders and investors looking to maximize their profits should explore derivatives and margin trading. This type of trading allows traders to use third-party capital when trading crypto assets.
This strategy has become a highly profitable one, particularly for high-volume traders. It is also a great entry point for new traders.
Huobi has recently introduced a margin trading option that permits traders to borrow funds from the exchange and use them for making more profit. While this could be advantageous for those wanting to increase their leverage, be mindful that your account balances are used as collateral.
Furthermore, the exchange has a User Protection Fund that will protect your wallet in case of any hacks or breaches. This feature is truly remarkable and provides users with peace of mind, as they can recover any lost funds.
Pros
Are you searching for a trustworthy crypto exchange? Huobi may be your best bet. This company, which has roots in 2013, has a strong reputation.
Security is one of the most crucial factors for any crypto exchange, and Huobi does a fantastic job keeping its users’ funds secure. The exchange stores up to 98% of users’ funds in cold storage devices and also provides a User Protection Fund that guarantees compensation if something happens to your assets.
Crypto enthusiasts who worry about their investments won’t be affected by any potential market volatility. Furthermore, the company has a dedicated user-service team available to answer any queries via email or live chat.
The platform offers a user-friendly interface, accurate price feeds, chartsing tools and market depth data. There is also a section dedicated to education that provides articles and tips for investing in crypto trading.
Cons
Huobi is one of the world’s foremost cryptocurrency exchanges. It is known for its superior security and competitive trading fees. Investors also enjoy a wide range of features.
Customer support at This company is excellent, featuring a live chat feature that helps solve issues quickly. The company also offers Telegram messaging as well as an accessible help desk that is open 24 hours a day.
Huobi team makes a valuable contribution to the crypto community by encouraging new projects, supporting ICOs and providing educational resources for traders and regulators alike. HECO Chain and Spotlight, its IEO platform, are two of the most recent projects. These platforms were created to bring more sophisticated investors into this market.
Huobi’s trading platform makes it easy to use and offers investors a wide range of tools for trading all major cryptos. There are options for both novice and experienced investors.
Registration Process
Huobi is a trusted crypto exchange that offers top-tier security measures. It offers multiple payment options, making it ideal for anyone looking to purchase or sell cryptocurrency.
Registration on the platform is a quick and painless process that only takes a minute or two to finish. All that needs to be done is providing your address and photo ID.
After this, you are ready to trade on the platform. Fiat currency can be deposited to your account via bank transfer or credit card.
You should also be aware that there are fees involved in using the platform. These fees include withdrawal limits and transaction costs.
Huobi charges a variety of fees that might not be the problem, but can be a problem for some users. Register with Huobi to minimize the risks and use your debit or credit card for purchases.
Huobi’s security protocol has been one of its key strengths, passing numerous tests to protect clients’ funds and information. The company also has a 20,000 BTC Security Reserve Fund that it can use in the event of serious security breaches.
Fees
Huobi is one of the few exchanges that offer low fees for transactions. Additionally, its VIP memberships reduce fees by up to 65% – an excellent way to save money and enhance your trading experience.
It supports a variety of cryptocurrencies, including Bitcoin and Litecoin. It is ideal for novices as well as experts.
Furthermore, the exchange has an easy-to-use user interface and offers comprehensive customer support. Users can also buy and sell cryptos with debit or credit cards.
Huobi also offers a number of advantages. They store your digital assets in cold wallets that offer high security. This guarantees they won’t get compromised due to security breaches or other issues.
Huobi Global adheres to industry best practice and follows strict security protocols. Client funds are stored in multi-signature cold wallets that provide 24/7 monitoring. Additionally, there is a 20,000 BTC Security Reserve Fund that reimburses clients if they lose their funds.
Withdrawal Limits
It can be difficult to get to grips with cryptocurrency exchanges if you are new. Huobi’s interface is easy to use and understand.
The platform also provides educational resources to assist you with navigating the market. These include tutorials, guides and videos.
Funds can be deposited to your Huobi account through either the web browser trading platform or mobile application. Furthermore, you have the ability to withdraw tokens to other exchanges directly from within your account.
However, there may be fees associated with these transactions. These fees are typically paid to validators or miners who process transactions on the blockchain network. They can change depending on network conditions so make sure you check the most current fee before you withdraw your coins.
Huobi may also require additional identity verification to make a withdrawal. This is another security measure taken by Huobi to safeguard its customers.