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Home - Huobi Cryptocurrency Exchange Review – Start Your Cryptocurrency Journey Today

EXCHANGE

Huobi Cryptocurrency Exchange Review – Start Your Cryptocurrency Journey Today

Magnesia
Last updated: 11/02/2023 11:05 pm
Magnesia
Published: 19/07/2020
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Huobi Cryptocurrency Exchange Review - Start Your Cryptocurrency Journey Today
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Huobi is a Singapore-based cryptocurrency exchange. Founded in China, the company now has offices in Hong Kong, Korea, Japan and the United States. In August 2018 it became a publicly listed Hong Kong company. Following a 2017 ban on Bitcoin exchanges by the Chinese government, Huobi stopped Bitcoin withdrawals.

Contents
  • What Is Huobi?
    • How To Sign Up & Start Trading
      • You Sign Up For A User Account By Providing Basic Information.
      • You Then Receive An E-mail In Your Mailbox To Activate Your Account.
      • Identity Verification
    • Hosting Details
    • Enable 2-Factor Authentication (2FA)
    • How To Deposit
    • Huobi Exchange
    • Huobi Trading fees
    • Huobi Deposit & Withdrawal fees
  • Huobi Fees
    • Huobi Cryptocurrency Features
      • Manage Your Assets
      • Credit Card Payments
      • Secure Storage
      • Access Anywhere
    • Huobi Global
    • FAQ

Huobi Cryptocurrency, headquartered in Singapore, is the cryptocurrency conglomerate that operates Huobi US, Huobi Japan, and Huobi Korea as well as Huobi Global, the world’s 24th-largest cryptocurrency trading platform by trading volume as of early December 2019, according to CryptoCompare, an online data aggregator and reporting service.[1] Huobi US is set to cease operating on December 15, 2019.

What Is Huobi?

As a world-leading company in blockchain industry, Huobi Group was founded in 2013 with a mission to making breakthroughs in core blockchain technology and the integration of blockchain technology and other industries. Huobi Group has expanded into public chain, digital assets trading and wallet, mining pool, proprietary investment, incubation, Digital Asset Research etc., and established a global digital economy industry ecosystem, by investing in over 60 upstream and downstream companies in the blockchain industry. Huobi Group is working with Argentina, Russia, Thailand, Nigeria and many other countries along the “Belt and Road” on the development of blockchain technology and real-world blockchain applications.

ExchangeDetails
Exchange NameHuobi
Exchange TypeCryptocurrency
 Coins Support205
 Trading Pairs497
 Websitehttps://www.huobi.com/en-us/
 Twitterhttps://twitter.com/HuobiGlobal
 Telegramhttps://t.me/huobiglobalofficial
 Alexa Rank3575744
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Hosting Details

  • Datacenter: AWS EC2 (ap-northeast-1)
  • Server IP: 18.179.190.111
  • Location: Japan
  • City: Tokyo
  • Domain Who Is: Click Here
  • Nameservers: ns-1614.awsdns-09.co.uk, ns-2.awsdns-00.com, ns-1503.awsdns-59.org, ns-664.awsdns-19.net
  • Reverse DNS of the IP: ec2-18-179-190-111.ap-northeast-1.compute.amazonaws.com

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

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After completing these three steps, you’re through with fixing your account.

How To Deposit

This is the screen that you’ll be presented with when you first login to Huobi, after verifying your phone or email address:

  1. As you can see, deposits can be in the form of fiat money or cryptocurrency, using standard blockchain wallet infrastructure. Let’s begin with fiat money.
  2. Click on the box on the left side, labeled ‘How to start with no digital asset?’. You’ll be shown the OTC (Over the Counter) area of Huobi first. Here, you can find a seller who is offering bitcoin (BTC), Ethereum (ETH), or Tether (USDT) for fiat currencies like Chinese yuan (CNY), US dollars (USD), and Singapore dollars (SGD). You can send funds via Alipay, bank transfer, PayPal, and a few other payment methods.
  3. After you’ve clicked ‘OTC’ in the top-left corner, you’ll be taken to the Over the Counter screen which lists sellers who are currently offering their cryptocurrencies for fiat money, how much they want to sell (or buy), which coin is for sale or purchase, their profile details, which payment methods they accept, and what kind of verification requirements they tolerate. Many will require you to have verified your phone and have completed the Advance Verification Process As well.
  4. There are sellers and buyers who don’t require any kind of verification, but Huobi itself will guide you to pick a separate user name and password for their OTC market at the very least. The buy and sell offers you publish will appear on the OTC market list with this user name.

Transferring your own digital currencies for use on Huobi’s platform is much more straightforward. Whether you began by clicking on the right-hand box labeled ‘I already have digital assets’ at the conclusion of your account verificatiom.

Huobi Exchange

Huobi Cryptocurrency is a Singapore-based cryptocurrency exchange. Established in China in 2013. Huobi Group has been financed by ZhenFund and Sequoia Capital. Its accumulative turnover has exceeded 1.2 trillion USD. It has established compliance service teams in Singapore, Japan, South Korea, United Kingdom, Australia, Canada, Brazil and Hong Kong to deliver its secure and credible digital asset trading and asset management services to millions of users in over 130 countries.

Huobi Trading fees

Market Maker0.2%
Market Taker0.2%

Huobi Deposit & Withdrawal fees

Deposit feesWithdrawal fees
Bitcoin logoBitcoin–0.0005 BTC
Ethereum logoEthereum–0.005 ETH
XRP logoXRP–0.1 XRP
EOS logoEOS–0.1 EOS
Litecoin logoLitecoin–0.001 LTC
Bitcoin Cash logoBitcoin Cash–0.0001 BCH
Tether logoTether–5.0 USDT
Stellar logoStellar–0.01 XLM
TRON logoTRON–1.0 TRX
Bitcoin SV logoBitcoin SV–0.01 BSV
Cardano logoCardano–n/a
Monero logoMonero–0.01 XMR
IOTA logoIOTA–n/a
Dash logoDash–0.002 DASH
NEO logoNEO–0.0 NEO
Ethereum Classic logoEthereum Classic–0.003 ETC
NEM logoNEM–4.0 XEM
Zcash logoZcash–0.001 ZEC
Ontology logoOntology–1.0 ONT
Waves logoWaves–0.2 WAVES
Tezos logoTezos–2.0 XTZ
VeChain logoVeChain–150.0 VET
Basic Attention Token logoBasic Attention Token–5.0 BAT
Bitcoin Gold logoBitcoin Gold–0.01 BTG
Qtum logoQtum–0.01 QTUM
OmiseGO logoOmiseGO–0.4578 OMG
Decred logoDecred–0.01 DCR
Chainlink logoChainlink–1.0 LINK
Lisk logoLisk–0.1 LSK
Zilliqa logoZilliqa–27.1537 ZIL
0x logo0x–2.0754 ZRX
ICON logoICON–n/a
DigiByte logoDigiByte–n/a
THETA logoTHETA–10.0 THETA
Steem logoSteem–0.5 STEEM
BitShares logoBitShares–5.0 BTS
Nano logoNano–0.5 NANO
Bitcoin Diamond logoBitcoin Diamond–n/a
Aeternity logoAeternity–0.2 AE
Komodo logoKomodo–0.002 KMD
Siacoin logoSiacoin–0.1 SC
Verge logoVerge–50.0 XVG
Bytom logoBytom–10.0 BTM
IOST logoIOST–91.3408 IOST
Huobi Token logoHuobi Token–0.5 HT
Status logoStatus–25.7026 SNT
BitTorrent logoBitTorrent–100.0 BTT
Golem logoGolem–5.0 GNT
Ardor logoArdor–10.0 ARDR
HyperCash logoHyperCash–0.005 HC
Project Pai logoProject Pai–5.0 PAI*
Decentraland logoDecentraland–10.0 MANA
Waltonchain logoWaltonchain–0.2 WTC
Crypto.com logoCrypto.com–0.2 MCO
aelf logoaelf–5.4216 ELF
QASH logoQASH–1.0 QASH
Zcoin logoZcoin–0.1 XZC
GXChain logoGXChain–0.5 GXC
WAX logoWAX–1.0 WAX
Power Ledger logoPower Ledger–2.0 POWR
Horizen logoHorizen–0.1 ZEN
Wanchain logoWanchain–0.2 WAN
Polymath logoPolymath–1.0 POLY
DigixDAO logoDigixDAO–0.01 DGD
Elastos logoElastos–0.005 ELA
Storj logoStorj–2.0 STORJ
Nebulas logoNebulas–0.2 NAS
NULS logoNULS–5.0 NULS
Kyber Network logoKyber Network–1.0 KNC*
WaykiChain logoWaykiChain–n/a
TenX logoTenX–0.5 PAY
Enigma logoEnigma–0.5 ENG
Gas logoGas–0.0 GAS
CyberMiles logoCyberMiles–20.0 CMT*
Civic logoCivic–2.0 CVC
Bibox Token logoBibox Token–2.0 BIX
Cortex logoCortex–5.6991 CTXC
Davinci Coin logoDavinci Coin–50.0 DAC
Groestlcoin logoGroestlcoin–2.0 GRS
BitCapitalVendor logoBitCapitalVendor–50.0 BCV
Request logoRequest–5.0 REQ
Raiden Network Token logoRaiden Network Token–2.6451 RDN
Odyssey logoOdyssey–100.0 OCN
SIRIN LABS Token logoSIRIN LABS Token–0.5 SRN
Matrix AI Network logoMatrix AI Network–1.0 MAN
Metal logoMetal–0.2 MTL
OST logoOST–1.0 OST
BnkToTheFuture logoBnkToTheFuture–5.0 BFT
SmartMesh logoSmartMesh–92.489 SMT
Arcblock logoArcblock–2.0 ABT
UTRUST logoUTRUST–2.0 UTK
Ren logoRen–10.0 REN
Ripio Credit Network logoRipio Credit Network–10.0 RCN*
SALT logoSALT–0.1 SALT
Quantstamp logoQuantstamp–10.0 QSP
Ruff logoRuff–20.0 RUFF
Nucleus Vision logoNucleus Vision–200.0 NCASH
Bluzelle logoBluzelle–2.0 BLZ*
Red Pulse Phoenix logoRed Pulse Phoenix–100.0 PHX
Achain logoAchain–n/a
MediShares logoMediShares–20.0 MDS
Time New Bank logoTime New Bank–201.5033 TNB
AdEx logoAdEx–0.5 ADX
IoT Chain logoIoT Chain–2.0 ITC
Tripio logoTripio–339.2024 TRIO
Lambda logoLambda–250.0 LAMB
AppCoins logoAppCoins–0.5 APPC
Propy logoPropy–0.5 PRO
Content Value Network logoContent Value Network–50.0 CVNT
WePower logoWePower–10.0 WPR
Tierion logoTierion–20.0 TNT
Game.com logoGame.com–20.0 GTC

Huobi Fees

Crypto exchanges generally have different trading fees for market makers and market takers. The former adds liquidity to the market book by placing an order with a price that is different from the current market price, whereas the latter removes liquidity from the order book by placing any order that is executed against an order of the order book.

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Most exchanges usually only have deposit fees for fiat currencies, but there are a few of them that also charges you when making crypto deposits (generally when they are deemed small). Withdrawal fees apply in almost every exchange, and they usually represent a fixed amount of the currency to be withdrawn.

Huobi Cryptocurrency Features

Manage Your Assets

Trade with up to 5X leverage for spot trading.

Credit Card Payments

Buy cryptocurrency with your credit card via our partner.

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Secure Storage

Client funds 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 the mobile apps for Android and iOS.

Huobi Global

Subordinate to Huobi Group, Huobi Global (www.hbg.com) is a globally leading digital asset exchange serving professional users. Huobi Global is devoted to providing secure and reliable digital asset trading and asset management services to global users. Relying on the advantages of Huobi Group and five years of accumulation and steady development, Huobi Global has grown into an enterprise with global competitiveness and influence.In terms of technology platform, product branch line, security risk management system, operation and customer service, Huobi Group and its sub-brands are in a world-leading level compared with global peers.

Positioning: Committed to providing professional, secure, and transparent digital asset services for its global users. Size: Millions of users in more than 130 countries, with a total trading value of more than $1.2 trillion. Security: Secure operation for 5 years. Digital assets are stored in multi-signature cold wallets. Stability: The world’s top technology team. Distributed parallel technology. High-speed matchmaking engine. Professionalism: The financial risk control team has more than 10 years of experience. Support API trading.

Download Huobi Global

FAQ

How much is the fees?

The fees will be 3.5% of the transaction (with a minimum of 10$). The fee is included in your purchase amount in fiat.

What is the Huobi OTC Desk?

Huobi OTC Desk is an OTC (over-the-counter) trading service provided by Huobi Technology (Gibraltar) Co., Ltd for both institutional clients and individual clients with large trading volumes. This service allows our eligible clients to trade crypto-to-crypto and fiat-to-crypto pairs via request for quotes.

Why should I use OTC Desk to trade?

When trading digital assets in large volumes, trading on exchange will be complex and you will not know the execution price beforehand. On the contrary, when trading with the OTC Desk, you always trade with a given quotation which will later be the execution price and you have a dedicated support team to trade securely and smoothly. You are also likely to get a better price when trading with OTC Desk in large size trades.

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