Huobi Review
Founded in 2013, Huobi is one of the first cryptocurrency exchanges that assists traders in conducting secure transactions. The rapid growth in the cryptocurrency industry is one the prominent reasons for Huobi’s popularity especially in the Asian region.
With over 500+ cryptocurrency choices, Huobi provides an extensive selection of cryptocurrency trading and management services. You now have access to spot trading, trading in derivatives, staking, crypto loans, crypto yield products, and much more with incredibly low fees. You can trade all days including the weekends regardless of your location or time. With strong customer service support and high-level security, Huobi is one of the largest cryptocurrency exchanges out there!
All You Need To Know About Huobi
Cryptocurrency Available: Huobi provides high liquidity in more than 600+ cryptocurrencies including Bitcoin, Ethereum, Tether, Tron, MANA, ApeCoin, etc. New coins are constantly added depending upon the needs of the traders.
Country: More than 130+ countries have access to Huobi including Germany, France, India, Spain, UK, Australia, etc. As Huobi is unregulated, some countries have restricted it like China, USA, Canada, and Japan.
Language: Huobi is available in major languages such as English, French, German, Chinese, Spanish, Russian, Dutch, and Turkish.
Devices: Huobi is available as a mobile app for iOS & Android whereas it comes in desktop platform for Windows and Mac. It also has its own API stack which you can use to create and run algos.
Benefits To Trade With Huobi:
- High security
- 24*7 access to the global market, including weekends
- Privacy maintenance
- Low fees
- Easy accessibility
- Continuous industry expansion
- Noticeable growth in the value
Is Huobi Safe?
Since the time Huobi has been operating in the market, there has been no security breach till date. With multi-factor encryption and round-the-clock monitoring, indeed Huobi is safe and secure. All your personal data and account information are kept under high-security and are solely your responsibility. Furthermore, Huobi complies with the highest standards of cryptocurrency market exchanges and promises to protect the user’s asset at any cost. Additionally, the exchange has a security reserve fund of 20,000 BTC.
Does Huobi Provide Leverage?
Yes, they do. Leverage trading options in spot cryptocurrencies and cryptocurrency futures are very rare in the market. This makes Huobi stand out among other exchanges. Also, it charges minimal fees without any hidden charges. However, keep in mind that beginners should exercise caution when engaging in leveraged trading because the market is volatile and risky.
Additional Benefits Provided By Huobi:
Huobi provides a lot of educational materials in the form of videos, articles, webinars, etc on a variety of topics. You have the option of educating yourself first before engaging in trading. You also get an option to be a part of the community which may prove beneficial to you. When you become a part of likewise minded people, you learn a lot more.
Payment Methods, Fees, And Limits:
Huobi offers a number of local payment options available including bank transfer, Visa, MasterCard, Apple Pay, Google Pay, Netteler, Cash deposits, etc. The deposits are free of cost but the withdrawal fee is flexible and might vary depending upon the market conditions and payment method. You can also buy and sell crypto for fiat using your preferred payment method in your local currency without paying any transaction fees.
The fee for spot users is as minimal as 0.2% which allows them to profit by keeping a larger portion from every profitable trade.
Depending on which cryptocurrency or fiat is being traded, Huobi has minimum trade size restrictions, especially for spot trading. However, for cryptocurrency futures & options, 1 contract is the minimum size which is quite modest in comparison to other exchanges.
Is Customer Service Support Available?
Of course! Huobi provides extremely satisfactory customer service via help tickets, email, and live chat. It does not, however, offer phone support.
The Bottom Line
Craze for cryptocurrencies is not a hidden fact. When looking for trading with reliability and security, Huobi is the best fit. It allows you to invest and gain access to the market without any boundaries. Without encountering cross-border delays or protracted waits for your payments you can engage in trading, build communities, and generate profits with people from all over the world easily.