Huobi Global is an online cryptocurrency exchange platform that was launched in 2013. The platform has grown in popularity since then, due to its ease of use, low fees, and excellent customer support.
The exchange is based in Singapore and is available in around 130 countries around the world. It is one of the most popular exchanges on the market, with more than 10 million users and over $1.2 billion in daily trading volume.
Huobi Global offers a wide range of features and services to its users, including a wide selection of cryptocurrencies, low fees, competitive trading fees, and a secure platform.
The platform also provides users with the option to trade in margin and even offers low latency access to the market. Additionally, the platform supports multiple languages, including English, Chinese, Japanese, and Korean.
In this comprehensive review, we’ll take a closer look at Huobi Global and how it works, including its fees, security measures, and customer support. We’ll also discuss the pros and cons of trading on Huobi, so you can make an informed decision about whether the platform is right for you.
Whether a novice or a seasoned trader, this review will provide you with all the information you need to make the most of your trading experience on Huobi Global.
A Comprehensive Review of Huobi Global: What You Need to Know Before Trading
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Overview and History – Huobi Global Review
Huobi, which was founded in 2013, is one of the world’s largest cryptocurrency exchanges. The company was established following the advent of the blockchain and the emergence of digital currencies as a new asset class in the global financial market. It is based in Singapore, with offices in Hong Kong, the United States, Japan, and Korea.
One of the most interesting aspects of Huobi is its hybrid business model, which has proven to be highly successful. The company offers exchange services in nearly 100 countries, but it is also involved in mining cryptocurrencies.
Huobi’s mining operations are located in countries where electricity is cheap, like China, Georgia, and Iceland. The mining activities of the company are driven by a token called HADAX, which is used to drive the voting protocol.
Introduction to Huobi Global Review
Huobi Global is an online cryptocurrency exchange platform that was launched in 2013. The platform has grown in popularity since then, due to its ease of use, low fees, and excellent customer support.
The exchange is based in Singapore and is available in around 130 countries around the world. It is one of the most popular exchanges on the market, with more than 10 million users and over $1.2 billion in daily trading volume.
Huobi Global offers a wide range of features and services to its users, including a wide selection of cryptocurrencies, low fees, competitive trading fees, and a secure platform.
The platform also provides users with the option to trade in margin and even offers low latency access to the market. Additionally, the platform supports multiple languages, including English, Chinese, Japanese, and Korean.
Supported Countries – Huobi Review
Huobi Global is available in more than 130 countries around the world. The platform supports countries in North America, Europe, Asia, and Oceania. In addition, the platform also supports a wide range of currencies, including USD, EUR, GBP, JPY, and CAD.
The platform also offers low-latency access to the market, allowing traders to execute orders quickly and efficiently. Additionally, traders can access the platform from anywhere in the world, as the platform is available on both desktop and mobile devices.
Fees – Huobi Review
Huobi Global offers competitive trading fees, which vary depending on the type of account. The fees are calculated as a percentage of the total trade value and are based on the volume of the trade. The fees are also based on whether the trade is a spot trade or a margin trade.
The platform also offers a wide range of deposit and withdrawal fees, including fees for fiat currencies, cryptocurrencies, and stablecoins. Additionally, the platform also offers a wide range of withdrawal limits, which vary depending on the type of account.
General Tiered Fee Structure
Huobi Global requires a base fee of 0.2%. People who possess Huobi Token (HT) may get a discount on trading fees, which gets bigger with the more HT they have in their exchange wallet.
| Type | Level | 30-day trading volume (BTC) | Base fee rate | HT holdings | Fee Rate (in HT) | Effective Discount |
|---|---|---|---|---|---|---|
| Normal users | 1 | < 1000 BTC | 0.20% | ≥10HT | 0.1800% | 10% |
| Normal users | 2 | < 1000 BTC | 0.20% | ≥100HT | 0.1600% | 20% |
| Normal users | 3 | < 1000 BTC | 0.20% | ≥500HT | 0.1200% | 40% |
| Normal users | 4 | < 1000 BTC | 0.20% | ≥1,000HT | 0.0900% | 55% |
| Normal users | 5 | < 1000 BTC | 0.20% | ≥2,000HT | 0.0800% | 60% |
| Normal users | 6 | < 1000 BTC | 0.20% | ≥5,000HT | 0.0700% | 65% |
Normal customers will still receive referral discounts, up to a maximum combined rebate of 5,000 *points for each invited friend; Relevant conversion ratios are 1 Point (Point Card):1USDT and HT exchange rate is determined by the current market rate.
Professional Trader Tiered Fee Program
For those who are trading professionally, the maker fee rate commences at 0.0362% and taker fees begin at 0.0462%. The fees will go down depending on the amount of HT assets owned and the amounts traded.
| Type | Level | 30-day trading volume (BTC) | HT holdings | Maker | Taker |
|---|---|---|---|---|---|
| Professional Users | 1 | ≥700 BTC | ≥2,000 HT | 0.0362% | 0.0462% |
| Professional Users | 2 | ≥1,000 BTC | ≥2,000 HT | 0.0294% | 0.0420% |
| Professional Users | 3 | ≥3,500 BTC | ≥2,000 HT | 0.0294% | 0.0378% |
| Professional Users | 4 | ≥7,000 BTC | ≥2,000 HT | 0.0252% | 0.0336% |
| Professional Users | 5 | ≥10,000 BTC | ≥2,000 HT | 0.0224% | 0.0308% |
| Professional Users | 6 | ≥15,000 BTC | ≥2,000 HT | 0.0210% | 0.0294% |
| Professional Users | 7 | ≥30,000 BTC | ≥2,000 HT | 0.0168% | 0.0252% |
| Professional Users | 8 | ≥60,000 BTC | ≥2,000 HT | 0.0126% | 0.0210% |
| Professional Users | 9 | ≥100,000 BTC | ≥2,000 HT | 0.0097% | 0.0193% |
Trading and Withdrawal Limits
Along with its fees, Huobi also has certain daily trading and withdrawal restrictions that apply to all users. These restrictions become more lenient as users progress through higher verification levels.
| Complete Registration | Complete ID Verification | Complete Advanced Verification | |
|---|---|---|---|
| Exchange | A daily limit of 0.06 BTC can be withdrawn from digital assets. | The maximum amount of Digital Assets that can be removed in a 24-hour period is 100 BTC. | A total of 100 Bitcoin can be transferred out of a digital wallet in a 24-hour period. |
| P2P | The estimated trade volume cap is one-hundred and fifty-six US Dollars. | The estimated one-time transaction limit is 313 USD, while the estimated overall trading cap is 1569 USD. | No Upper Limits |
| Derivatives | Not Available | There is no restriction on the number of Derivatives accounts that can be opened. | There are no restrictions on the amount of Derivatives accounts that can be opened. |
Trust – Huobi Exchange Review
Huobi Global also offers a service called Huobi Trust, which is a trustless trading environment. The platform offers a secure and efficient way to trade cryptocurrencies, as the platform uses a decentralized system to process and execute trades.
The platform also has a built-in escrow system, which helps to ensure that the funds are secure.
Additionally, Huobi Trust also offers a wide range of features and services, such as advanced order types, margin trading, and more. The platform also offers a range of analytical tools, such as charts and technical analysis tools.
Apps – Huobi Exchange Review
Huobi Global also offers a range of mobile applications, including the Huobi App, which allows users to access the platform from their mobile devices. The app is available for both iOS and Android devices and offers a wide range of features and services, such as a secure login process, real-time market data, and more.
In addition, the platform also offers a range of other apps, such as the Huobi OTC app, which allows users to buy and sell cryptocurrencies directly from their mobile devices. Additionally, the platform also offers a range of other apps, such as the Huobi Exchange app, which allows users to access the exchange from their mobile devices.
Us Residents – Huobi Global Exchange Review
Huobi Global also offers its services to US residents. The platform is available to US residents in all states except for Washington, New York, and Hawaii. The platform also offers a range of features and services to US residents, such as a secure login process, real-time market data, and more.
Auto Trader – Huobi Global Review
Huobi Global also offers a service called the Huobi Auto Trader, which is a trading bot that allows users to automate their trading strategies.
The bot is powered by AI technology and is designed to analyze the market and execute trades automatically. The bot also offers a range of features and services, such as advanced order types, margin trading, and more.
What is Huobi Global?
Huobi Global is a cryptocurrency exchange platform that allows users to buy and sell a wide range of cryptocurrencies. The platform supports more than 100 different currencies, including Bitcoin, Ethereum, Litecoin, and Ripple.
The platform also offers a wide range of trading options, such as spot trading, margin trading, futures trading, and more.
Huobi Global also offers a wide range of services and features, such as an intuitive user interface, low latency access to the market, and low trading fees.
Additionally, the platform provides users with the option to trade in margin and offers a variety of different order types, such as limit orders, market orders, and stop orders. The platform also provides users with the ability to set up their own trading bots and automated trading strategies.
How does Huobi Global work?
Huobi Global offers a wide range of trading pairs, including BTC/USDT, ETH/BTC, and many others. The exchange also offers a number of tools that can be useful for traders of all experience levels.
You can use the charting feature to analyze price movements and make predictions about what will happen in the future. The Trading Insight feature can be used to see what other users are doing, with the aim of taking advantage of price fluctuations when they happen.
The Huobi Global mobile app is available for both Android and iOS devices, making it easy to trade from anywhere. If you don’t want to use a trading pair directly, you can select the “Huobi Derivative Market” trading pair. This feature allows you to make a prediction about the price of a specific asset and trade accordingly.
You can use this tool to make a profit regardless of the direction of the price, which makes it an excellent choice for less experienced traders. Traders can also use the Huobi Cloud beta to make their trading more efficient. This feature is designed to allow you to trade more assets while using fewer resources.
Features of Huobi Global
- Fees and commission structure – The trading fee is 0.20% for all types of trading pairs, which is very competitive when compared to other exchanges.
- Security features – Huobi offers a number of security features that can help protect your assets. The most important of these are using two-factor authentication or “2FA” for short. 2FA is a way of protecting your account by requiring you to enter a separate code whenever you log in or make a transaction. This code can be sent to your mobile phone, so there’s no risk of someone accessing your account if they get hold of your login information.
- User interface – The Huobi user interface has been designed with traders in mind. It’s simple and easy to use, so even if this is your first time trading, you’ll have no trouble navigating the site and making the trades you want. The Huobi mobile app can be used to trade on the go if you prefer, making it easy to stay on top of your trading no matter where you are.
- Customer support – Huobi has a strong customer support team that can be contacted through a variety of channels. You can submit a support ticket online or send an email, and the team will usually get back to you quickly. The support team is available 24/7, so you can get help whenever you need it.
Pros and cons of trading on Huobi Global
Pros: –
- A wide range of trading pairs.
- Strong security features.
- A great user interface.
- A wide range of tools can be helpful for all users.
- 24/7 customer support.
Cons:
- Some users report issues with customer support.
- The website can be difficult to navigate for beginners.
- There have been reports of hacking attempts on the platform.
How to get started on Huobi Global
To get started with Huobi Global, you’ll need to create an account by filling out the online form.
Once you’ve submitted the form and verified your account (which will happen automatically, usually within 24 hours), you can start trading.
To trade on Huobi, you first need to deposit funds into your account. You can do this through the website or the mobile app, and there are several options available.
You can deposit funds from your credit card, a bank account, or even a friend. Once you have funds in your account, you can start trading.
Suppose you’re new to trading or want to learn more about how to get started. In that case, we recommend that you read a few online resources, such as the Huobi Global Trading Guide, to get a better understanding of how trading works, the different types of orders you can place, and more.
This way, you’ll be better prepared to make informed trading decisions and maximize your profits.
Services Offered by Huobi Exchange
Huobi offers its customers a range of essential services, such as:-
- An Extensive List of Trading Pairs: Huobi is well-known for having a large variety of digital currencies for trading. Its range of crypto pairs mainly consists of projects from Asia. This is why it is considered the ideal exchange for trading the latest crypto projects from Korea, China, and Singapore.
- User Protection Fund: As with major regulated exchanges such as Binance, which provides an insurance policy called SAFU, Huobi puts its earnings into its ‘User Protection Fund’, which is like an insurance policy to provide coverage against robberies, hacks, or other unforeseen issues that could impact the users’ wallets. This is a major benefit for its clients as having an insurance policy like this ensures that they will get their money back if anything goes wrong when trading on the exchange.
- Derivatives and Margin Trading: The creators of Huobi recognized that supplying a platform for digital currency wasn’t sufficient; customers required something more from the exchange to stay afloat in the crypto market. As a result, it offered its own derivatives products for both Swap trading and Futures markets. Following the introduction of its derivatives products, Huobi concentrated on margin trading, and now it is one of the industry’s major providers of C2C and Margin lending support.
- Institutional Trading Accounts: Huobi, being one of the biggest cryptocurrency exchanges, has pulled in investors and traders from all over the world. To fulfill the demands of these institutional traders, it has introduced a distinct trading desk that includes both over-the-counter and dark pool trading.
- Smart-Chain Analysis: Huobi offers an advantageous Smart-Chain analysis that provides users with knowledge regarding various blockchain resources and over 50 different trading pointers.
- Huobi API: Huobi Global gives its users the possibility to create their own automated trading bots using either the Huobi API key or the REST API. Prior to starting to trade with the Huobi API, individuals must first generate their API key, which should be kept private.
Huobi Pro Review 2023
Huobi Pro is an online cryptocurrency exchange platform that was launched in 2017. The platform is based in Singapore and is available in over 130 countries around the world. The platform offers a wide range of features and services, such as an intuitive user interface, low latency access to the market, and low trading fees.
The platform also offers a wide range of order types, such as limit orders, market orders, and stop orders. Additionally, the platform offers a wide range of trading tools, such as charts, technical analysis tools, and more. The platform also offers users the ability to set up their own trading bots and automated trading strategies.
Features – Huobi Pro Review
Huobi Global offers a wide range of features and services to its users. The platform provides users with an intuitive user interface, low latency access to the market, and low trading fees. Additionally, the platform offers a wide range of order types, such as limit orders, market orders, and stop orders.
The platform also offers users the ability to set up their own trading bots and automated trading strategies. Additionally, the platform offers a wide range of trading tools, such as charts, technical analysis tools, and more.
Advantages – Huobi Pro Review
Huobi Global offers a wide range of advantages to its users. The platform provides users with an intuitive user interface, low latency access to the market, and low trading fees. Additionally, the platform offers a wide range of order types, such as limit orders, market orders, and stop orders.
The platform also offers users the ability to set up their own trading bots and automated trading strategies. Additionally, the platform offers a wide range of trading tools, such as charts, technical analysis tools, and more.
Disadvantages – Huobi.Pro Review
Huobi Global also has some disadvantages. The platform does not offer a wide range of fiat currencies, which may be an issue for some users. Additionally, the platform does not offer a wide range of order types, such as trailing stop orders or iceberg orders.
The platform also does not offer a wide range of analytical tools, such as backtesting tools or portfolio tracking tools. Additionally, the platform does not offer a wide range of margin trading options, such as margin trading limits or margin trading fees.
Customer Service
Huobi provides customer service through a help center, through the filing of help tickets, via email, and also through a live chat service. Nonetheless, it does not have a telephone aid system.
Customer Satisfaction
The user experience of Huobi’s platform has been affected by the complicated nature of the system and the regulatory difficulties it has encountered.
The Trustpilot score of 2 out of 5 stars serves as a reminder of Huobi’s struggles to make its users content.
Clients have complained about difficulties in withdrawing money, bad customer service, and the platform’s acceptance of GBP deposits, yet refusal to let UK-based users trade.
Account Management
Huobi provides a web-based program and a mobile application that can be used to trade in cryptocurrency while on the go.
An evaluation of Huobi Global in comparison to other businesses in the cryptocurrency sector.
Huobi is a well-known trading platform throughout Asia, with branches in Hong Kong, Singapore, South Korea, and Japan. Among its main rivals are Binance, Bitfinex, bitFlyer, Bithumb, Coincheck, Gate.io, and KuCoin.
After the Chinese government prohibited cryptocurrency trading within the country, Huobi was forced to leave, yet was still able to draw in users from all over the world by offering a variety of fiat currencies and payment options for digital currency purchases.
Conclusion
Huobi Global is one of the most popular online exchanges in the world. The platform offers a wide range of features and services, such as an intuitive user interface, low latency access to the market, and low trading fees.
Additionally, the platform offers a wide range of order types, such as limit orders, market orders, and stop orders.
Huobi Global is a great choice for beginner and experienced traders alike, offering a wide range of trading pairs and a number of helpful tools.
The exchange also has strong security features and excellent customer support, making it a reliable and trustworthy trading platform. If you’re interested in trading on Huobi, be sure to read through this review first so you know what to expect.
The platform also offers users the ability to set up their own trading bots and automated trading strategies. Additionally, the platform offers a wide range of trading tools, such as charts, technical analysis tools, and more.
The platform also offers a wide range of deposit and withdrawal fees, including fees for fiat currencies, cryptocurrencies, and stablecoins.
Huobi Global Review FAQs
Is Huobi Global Available in the USA?
Yes, Huobi Global is available in the USA. The platform is available to US residents in all states except for Washington, New York, and Hawaii. Additionally, the platform offers a range of features and services to US residents, such as a secure login process, real-time market data, and more.
Can I Use Huobi in the US?
Yes, you can use Huobi in the US. The platform is available to US residents in all states except for Washington, New York, and Hawaii. Additionally, the platform offers a range of features and services to US residents, such as a secure login process, real-time market data, and more.
Is Huobi Global Safe?
Yes, Huobi Global is a safe and secure platform. The platform uses a decentralized system to process and execute trades, which helps to ensure that the funds are secure. Additionally, the platform also offers a range of features and services, such as advanced order types, margin trading, and more.
Why is Huobi not in the USA?
Huobi is not registered with the US Securities and Exchange Commission (SEC), which is required in order to operate legally in the US.
Huobi is not subject to the regulations and oversight of US financial authorities, which may not be attractive to some US investors.
The US has strict regulations on cryptocurrency trading and Huobi is unwilling to comply with those regulations.
Huobi is still in the process of expanding into the US, but it has not yet been able to do so.
Is Huobi better than Coinbase?
No, Coinbase offers a more enjoyable and smoother experience for users than Huobi does.
Is Huobi better than Binance?
No, Binance offers a more enjoyable and smoother experience for users than Huobi does.
What countries can use Huobi global?
Huobi Global provides services to more than 130 countries and regions including:
United States, United Kingdom, Japan, Singapore, South Korea, Hong Kong, Australia, Canada, Thailand, Germany, France, Netherlands, Malaysia, India, Indonesia, Taiwan, Vietnam, Turkey, Brazil, Italy, Spain, Russia, Mexico, Switzerland, South Africa, Argentina, New Zealand, etc.
Can US residents use Huobi?
Unfortunately, Huobi is not accessible to American consumers. However, you can now trade on HBUS, which is our American Strategic Collaborator. You can take advantage of fees as minimal as 0.1% for the whole month. Huobi has not been recognized as a ratified digital currency exchange under the Payment Services Act of Japan.
Is Huobi a trusted exchange?
Yes, Huobi is a trusted exchange, with a long track record of providing reliable trading services. The platform is regulated and licensed by multiple financial authorities, including the Financial Conduct Authority (FCA) in the United Kingdom, and has been rated as one of the top exchanges in the world.
Is Huobi a Chinese company?
Yes, Huobi is a Chinese-based cryptocurrency exchange and digital asset management platform.
Which country owns Huobi?
Huobi is a Chinese company, headquartered in Beijing, China.
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