Crypto is a rapidly evolving world where very few platforms experience true longevity. Huobi is a trading platform that has stood the test of time, even reaching OG status. In the last decade, Huobi has solidified itself as one of the top international cryptocurrency exchange platforms in every aspect, including liquidity, traffic, and trading volume. If you’re wondering if this is a suitable exchange program for you, check out this in-depth Huobi Review.
- Operating Since 2013
- Currencies Supported 300+ cryptocurrencies
- Fees Varies
- Deposit Methods Bank transfers, international wire transfers, WeChat, Alipay, credit and debit cards
- Fiat Currencies Yes
- Verification Methods 2FA
- Margin Trading Yes
- Futures Trading Yes
This Huobi Review will explore Huobi’s top features, including available markets, trading fees, security, and customer support.
Leon Li founded this cryptocurrency trading exchange platform in 2013. It was initially based in Beijing, and when China passed a law banning cryptocurrency and ICOs, the company relocated to Seychelles. After the exchange’s forced exit from China, after the Chinese government banned crypto trading on the mainland, the crypto exchange managed to attract a more worldwide userbase by adapting a range of payment methods and fiat currencies for crypto purchases. Huobi generated a staggering 2 billion in its first three months and 247 billion dollars by 2016.
Over the last decade, Huobi has become a safe and one of the most reliable places to purchase, trade, store, and sell over 300 digital currencies and more than 700 tokens. Tens of millions of users in over 195 countries take advantage of the exchange of Huobi exchange services.
The cryptocurrency exchange has a strong presence in the Asian markets, establishing itself as one of the most prominent crypto platforms with offices in Japan, South Korea, Singapore, and Hong Kong.
A Closer Look at the Exchange
Huobi’s exchange platform has grown substantially since its initial development, becoming the number one go-to platform for traders eager to invest in the most promising Altcoins. In 2018, Huobi acquired their very own token called the Huobi token.
Huobi Global (Huobi Pro) provides crypto-to-crypto trades, with a large number of supported assets and relatively low trading fees. This platform is for institutional investors and active traders. It offers limit, stop, trigger, and trigger orders as well margin and futures trading. OTC trade desks, derivatives and custom trading tools are available to institutional traders.
As you’ll learn in this Huobi exchange review, the peer-to-peer trading exchange is ideal for users of all experience levels. Experience advanced trading features such as margin and futures trading, swaps. When you join Huobi global, you gain access to many products that allow you to buy, sell, trade, stake, and earn crypto assets.
What Are the Top Features?
Huobi is accessible on all platforms, including Mac, Windows, Android, and iOS. Once you sign up and log into your account, you’ll find a list of all the assets on the platform with a summary detailing each coin’s purpose and supply information attached. This allows investors to make informed purchasing decisions, and it’s the perfect guide for individuals that are fairly new to the world of cryptocurrency.
Here are some of the most noteworthy features that we had to include in this Huobi review:
Wide Variety of Trading Pairs
As an investor, you’ll have the opportunity to trade, sell crypto, and earn all types of digital assets. Huobi boasts an impressive array of trading pairs offering users one of the largest selections of crypto on a centralized exchange platform. With access to well over 348 cryptocurrencies, you’ll never have to worry about incurring the same currency twice if you don’t want to.
Some popular cryptocurrencies and stablecoin selections include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Binance Cash (BCH)
- Tether (USDT)
- HUSD (HUSD)
- EOS (EOS)
- Ripple (XRP)
- Dogecoin (DOGE)
- Polka Dot (DOT)
- Cardano (ADA)
Huobi adds new currencies to its markets regularly.
Advanced Margin Trading
While most exchanges integrate margin trading into their existing crypto exchange, Huobi created a separate margin trading platform. Users that prefer to trade on margin can utilize this unique feature.
User Protection Fund
Huobi launched the User Protection Fund in 2018. The Huobi User Protection Fund takes a portion of profits as an insurance policy against hacks, theft, and other unforeseen occurrences that no one has any control over. The protection fund offers a sense of security to users, knowing that they would be covered in the event of a major loss.
Institutional Trading Account
As one of the largest exchange platforms in the world, numerous professional investors and firms utilize Huobi. Therefore, the company created one of the first digital asset brokerage platforms explicitly tailored for institutions and firm-sized users. Under this unique platform, Huobi offers OTC and dark pool trading, which are private equity blocked trades for institutional investors. OTC trading allows traders to purchase coins based on specific parameters such as payment method, type of currency, and amount.
Supports a Variety of Fiat Currencies
Investors worldwide can start their cryptocurrency journey on Huobi with their easy fiat to crypto onramp system. Currently, the exchange supports over 60 currencies such as USD, EUR, GBP, AUD, and several others. You’ll find that depositing money on Huobi is super convenient since the platform gives users over 60 payment options, including bank transfers, international wire transfers, WeChat, Alipay, or a regular credit or debit card.
Flash trade is one of the most exciting features of Huobi. The Flash Trade function gives users a chance to test real-time trading volumes, allowing them to gain valuable insights before making investment decisions. It also incorporates a market chart, a chart index, and an order book.
The trading bot is a fantastic tool designed for traders who don’t have time to continuously monitor market conditions to execute trades. Users can use the bot to automatically execute trades based on the predefined parameters they set.
Huobi global enables its users to code their trading bots using the Huobi API key or the REST API. To start trading with the Huobi API, users must generate first their API key that shouldn’t be share with anyone.
Huobi’s new feature Huobi Earn allows you to earn interest on coins or tokens stored in your Huobi wallet. To earn interest compounded daily on the most widely used cryptocurrencies and DeFi tokens, customers can deposit funds. For example, deposit USDT to earn approximately 6.6% APY with a flexible term of up to 8% locked in for 90 days.
Outlining the innovative security features is crucial for this Huobi review since users need to be sure that their investments are safe. The safety of user accounts is a top priority of Huobi. Besides the User Protection Fund, take a look at additional security measures the exchange has implemented:
Cold Storage – Huobi stores 98% of users’ digital assets offline in cold storage wallets that require multi-signatures to release. Since these crypto wallets aren’t accessible on the internet, hackers can’t get to them.
Freeze your account – Users can initiate a self-freeze if they suspect unusual activity.
Two-Factor authentication – Huobi also uses the two-factor authentication system that generates a six-digit that prevents phishers and hackers from getting your password and accessing your account.
Bitcoin reserve – Huobi has a 20,000 BTC reserve in cold storage. The reserve replaces the assets of users affected by cyberattacks or scams.
Huobi Trading and Withdrawal Fees
Exchange fees can break a trader’s experience and profitability on a platform. Huobi uses a maker-taker trading fee structure. In 2019, Huobi enacted an initiative in which their crypto exchange fees would decrease substantially as trading volume increased to incentivize traders to use their platform.
Traders and makers both pay a 0.2% trading fee on the platform. This taker fee is below the industry average but slightly higher for the maker. Huobi offers a discount for users that trade in large volumes, decreasing the trading fees to 0.1%. Huobi deducts an exchange fee from the total amount traded.
Huobi fees are modest compared to popular exchange platforms like Bitstamp and Coinbase. Bitstamp trading fee is 0.25%, and Coinbase is 1.49%. Moreover, there are also a few discounts available for users that are part of the VIP trading groups. For example, Huobi administers a 10% discount on all trading fees if you belong to the first-tier VIP trading group. Users trading on level in the top tier VIP trading group can enjoy up to 50% off their trading fees.
Huobi withdrawal fees vary. The Fast Withdrawal option allows you to send tokens to anyone on the Huobi platform for free. This feature encourages users to trade within Huobi rather than send funds to other exchange platforms like Binance, eToro, or KuCoin.
In Huobi US, the minimum withdrawal fee is $100 if you withdraw into fiat currency. There is a $5 additional charge once the withdrawal process begins, and wire fees are an additional $15. Huobi doesn’t support credit card withdrawals or deposits. As for deposit fees, it will depend on the currency.
Many traders overlook the customer service aspect of an exchange platform until a problem arises. However, it’s an essential aspect that traders should consider before investing their time and money in a cryptocurrency exchange platform. After all, there is nothing more frustrating than not being able to get prompt help with problems you incur on a platform or having to scour the internet to find solutions to your problems.
Fortunately, Huobi offers a solid customer service experience. You can reach their customer support team through email, live chat, or you can submit your number on the chatbot on their website (huobi.com) to have a representative reach out to you. They are one of the only exchange platforms to provide 24/7 chat support on mobile and desktop apps.
Huobi also has a vast library filled with articles and tutorials to teach users the ends and outs of crypto exchanges and the platform. The Huobi Learn app is an additional resource created by the company that provides a host of educational articles.
- Massive selection of cryptocurrencies
- 24/7 Live Chat Support
- Industry-low trading fees
- A platform dedicated to professional traders
- Earn commissions from referrals
- User Protection Fund
- Low taker fees
- Supports many payment methods such as bank account transfers, Alipay, Visa, and many more!
- Low withdrawal limits
- The KYC verification process is quite slow
- You have to download the app or desktop application to access the customer support chat
- Not available for USA users but you can use their USA Strategic Partner called HBUS.
How do I access the Huobi exchange platform?
Traders can download Huobi’s desktop app on Windows or Mac, and they also have a mobile app available for IOS and Android devices. Once you create an account, you can utilize all of the trading tools on the platform.
Is it safe to use Huobi?
You can be sure that all of your digital assets are completely safe on Huobi – no breaches have ever occurred on the platform. In addition, Huobi stores most of the users’ digital assets offline in cold storage, which means hackers can’t touch your assets.
What countries can use Huobi?
The company has offices and operation centers in Singapore, Japan, Korea, Hong Kong, the United States, and several other countries.
Can I purchase Bitcoin on Huobi?
Once you deposit fiat currency in your Huobi account, you can purchase Bitcoin and other types of cryptocurrencies.
What is the HT token?
The HT token is a blockchain-backed loyalty system exclusive to the Huobi exchange platform. It’s the only coin that Huobi has ever officially launched.
Huobi Crypto Exchange Review for Australia
Are you an Australian crypto trader looking for a digital asset exchange to trade cryptocurrencies? Then why not try one of the leading cryptocurrency exchanges in Australia to trade Bitcoin, Huobi?
Huobi Global, a cryptocurrency exchange that offers professional trading tools is not available in the United States or Japan. The exchange provides access to nearly 350 cryptocurrencies, including trading and margin trading. It also offers trading bots, OTC trading, OTC trading and the ability to stake crypto assets for rewards. You can also borrow against your crypto holdings. Huobi Global, one of the most popular global exchanges, offers reasonable trading fees and is an excellent option for institutional investors as well as moderate and advanced traders.
Leon Li founded Huobi Global in 2013. Originally, Huobi Global was based in China. After China cracked down on cryptocurrency exchanges in 2017, Huobi Global’s headquarters moved to Singapore and then eventually the Republic of Seychelles. Although Huobi Global can be found in many countries around the globe, it doesn’t support Japan or the United States. However, users who live in Japan may use Huobi Japan.
Huobi Global provides crypto-to-crypto trades, with a large number of supported assets and relatively low trading fees. This platform is for institutional investors and active traders. It offers limit, stop, trigger, and trigger orders as well margin and futures trading. OTC trade desks, derivatives and custom trading tools are available to institutional traders.
Huobi Global provides advanced trading experiences, including interactive charts, limit orders and stop orders as well as margin trading and futures trading.
Margin trading allows users to access a smaller amount of crypto, but can trade with up to 5x leverage. Huobi Global allows futures traders to trade supported cryptocurrencies long-term or short, and participate in perpetual swaps which is a type derivatives contract.
Huobi Global charges low fees to trade crypto. However, there are higher fees for purchasing crypto using a debit or credit card. Fiat deposits, such as U.S. Dollars, are free. However, users have to pay trading fees.
Huobi Global provides standard security features such as two-factor authentication (2FA), cold store, and identity verification. It has systems in place that prevent DDOS attacks and a reserve of Bitcoins (BTC), in case of security breaches that cause the loss or theft of client funds.
Huobi Global provides customer service via live chat or email. It’s also one of few exchanges that offers 24/7 chat support. However, live chat support is not available on Huobi’s website but only the Huobi mobile and desktop apps. To have Huobi contact you directly by phone, users can submit their phone number via the chatbot.
Although there is a large library of help articles on Huobi Global, they are not well organized. You can also find educational articles and tutorials via the Huobi Learn platform.
Overall, Huobi Global is an excellent exchange for non-U.S. citizens who wish to have access to a wide range of crypto at low fees. You can trade margins and futures, as well lend, stake, or deposit crypto to earn rewards. You can also borrow against your crypto assets. Huobi Global is an excellent option for advanced traders. However, beginners might want to consider other options.
Huobi Crypto Exchange Review for Canada
Unfortunately, Huobi is not available in Canada anymore. But don’t worry because there are other well-known and similar crypto exchanges out there that provides the same services as Huobi such as derivatives trading and spot trading.
But just in case you want to learn a little bit about Huobi, read on!
Huobi Global offers professional trading tools through its cryptocurrency exchange. It isn’t available in the U.S. and Japan. This exchange allows you to trade, buy, and sell nearly 350 cryptocurrency. You also have access to margin and futures trading as well as trading bots and over-the-counter trading. The exchange also allows you to borrow against your crypto assets. Huobi Global is a top choice for advanced and moderate traders as well institutional investors.
Leon Li, who was originally from China, founded Huobi Global. After China’s crackdown against cryptocurrency exchanges, Huobi Global headquarters moved to Singapore in 2017. The Republic of Seychelles later became Huobi Global. Huobi Global is accessible in most countries in the world. However, it does not support Japan and the United States. Users in Japan can instead use Huobi Japan.
Huobi Global offers crypto tocrypto trading. There are a wide range of supported assets, and very low trading fees. The platform is intended for institutional investors as well as active traders. It allows you to place limit, stop and trigger orders and also offers margin and futures trades. OTC trade desks, custom trading tools, and derivatives are available for institutional traders.
Huobi Global offers advanced trading with interactive charts and limit and stop orders. It also offers margin and futures trading.
Users can use up 5x leverage for margin trading. However, they have limited access to crypto tokens to trade. Huobi Global provides futures trading with the option to either long or short-trade supported cryptocurrencies or take part in perpetual swaps (a type of derivatives contract).
Huobi Global charges relatively low fees to trade cryptocurrency, but charge higher fees if you wish to buy crypto with a debit or credit card. Fiat deposits (such U.S. dollars), are free but traders pay trading fees.
Huobi Global provides standard security features including two-factor authentication (2FA), cold stock, and identity verification. It also has systems to prevent DDOS attacks. A reserve of Bitcoin (BTC), is kept by Huobi Global in case of any security breaches that could result in the loss client funds.
Huobi Global offers live chat and email customer support. It is one of only a few exchanges to offer 24/7 chat support. Live chat support is only available via the Huobi app or mobile app. You can also submit your phone number to Huobi via the chatbot. Huobi will contact you over the phone.
Huobi Global has a huge library of help articles but they are poorly organized. It also provides educational articles and tutorials through its Huobi Learn platform. This is quite extensive.
Huobi Global, a non-U.S. resident exchange that offers access to a large variety of crypto at very low fees, is overall a great choice. It allows margin and futures trading as well as the possibility to deposit, lend or stake crypto for rewards. It allows you to borrow against your crypto assets. Huobi Global is a great option for advanced traders. But beginners may prefer to look elsewhere.
Huobi Crypto Exchange Review for UK
Huobi Global is an exchange for cryptocurrency that provides professional trading tools. However, it is not available in Japan or the U.S. This exchange offers almost 350 cryptocurrencies to buy, sell, and trade. There are also trading bots, margin and futures traders, trading bots over-the counter (OTC), and rewards for staking crypto assets. It offers loans to help you borrow against your crypto holdings. Huobi Global, a global exchange with low trading fees, is a great choice for both advanced and novice traders.
Leon Li, originally based out of China in 2013, founded Huobi Global. After China crackdown on cryptocurrency exchanges in 2013, Huobi Global headquarters relocated to Singapore, and later the Republic of Seychelles. Huobi Global supports most countries worldwide, however, only a handful of countries are supported, such as the United States and Japan. However, Huobi Japan users can still use it.
Huobi Global allows crypto-tocrypto trading. It offers a large variety of supported assets with very low trading fees. The platform was designed for active traders as well institutional investors. It supports limit, stop, and trigger orders along with margin and futures. OTC trading desks, derivatives, as well as custom trading tools can be accessed by institutional traders.
Huobi Global offers advanced trading, including interactive charts, limit- and stop orders, margin and futures trades, and interactive charts.
While margin trading is limited in the amount of cryptocurrency that can be traded, traders have access to up to 5x leverage. Huobi Global lets users trade futures supported cryptocurrencies either short or long, or in perpetual swaps. This is a type de derivatives contract.
Huobi Global charges very low fees for trading cryptocurrency. However, they charge more if you want to purchase crypto using a credit or debitcard. Fiat deposits such as U.S. dollar are available for free. Users pay trading fees.
Huobi Global offers standard security features like two-factor authentication (2FA), cold preservation, and identity validation. It also has systems that help to prevent DDOS attack and a reserve Bitcoin (BTC), for any security breaches that may result in client funds being lost.
Huobi Global offers support via email and live chat. It’s one exchange that provides 24/7 chat support. Unfortunately, live chat support can only be accessed on the Huobi desktop or mobile app. To have Huobi contact users directly over the telephone, users can also submit their number via the chatbot.
Huobi Global offers a large collection of help articles. However, they are not well-organized. It also offers tutorials and educational articles on its Huobi Learn platform.
Huobi Global is a great place for non-U.S. Residents who want to access a wide variety of crypto with low fees. It also offers margin and futures trades. You can also stake, lend, and deposit crypto for rewards. It can also lend against your crypto assets. Huobi Global can be a good choice for advanced traders. For beginners, however, it may be a better option.
Huobi is the best exchange platform for traders who want access to various cryptocurrencies with relatively low fees. Perhaps the most enticing feature discussed in this Huobi review is the margin trading platform the company created specifically for users who prefer to trade in the margin. Users can take out loans on coins when trading on the market, unique to the cryptocurrency market.
The user interface is well laid out and super beginner-friendly. Huobi has numerous tools available that casual crypto traders and technical analysts will find helpful.
There are several security measures in place that ensure the protection of digital assets. Therefore, traders will never have to worry about scams or breaches compromising their accounts.
The great thing about Huobi is that users can choose between a regular or professional account depending on their needs and trading volume. If you’re ready to start your crypto investment journey, Huobi is a great platform to start. It’s a well-established platform with an excellent reputation.
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