Huobi Review 2024

Save up to 65% on fees holding Huobi Token (HT)

You get a discount on the fees when you hold Huobi Token (HT). The more you hold, the higher the discount.

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What is Huobi?

This exchange was the first platform that started offering its services in Asia. The leaders of Huobi are proficient and experienced computer engineers with a strong background in working in Fortune 500 companies like Oracle. Huobi was established with a vision to replace fiat currency to a secure digital currency for people in the world. Initially, the company focused only on China and later expanded its operations in different counties in the world. The website has been successful in securing the third position among other cryptocurrencies platforms in terms of daily trading volume in the market.

The exchange has built a name in the cryptocurrency world by establishing a successful platform whose reputation is increasing since its inception. Hundreds of thousands of people trust the website and have deposited hard-earned money on the platform. This is only because of the platform’s good reputation and proven track record. Huobi has state of the art security systems, dedicated teams, and best features that are not available on dozens of regular exchanges available on the internet.

China was the most active cryptocurrency market before the regularity crackdowns in the territory. The group of companies called Big 3 including Huobi, OKCoin, and BTCC accounted for almost 90% of Bitcoin trading in the region. However, when the local government went after the crypto exchanges and changed the regulations for digital currency businesses, Huobi Global launched its services in other countries of the world and added more cryptocurrencies other than Bitcoin. The exchange innovated its robust business model with new decentralized and P2P exchange trading as well.

Advantages of Huobi Global

Why should you choose Huobi?

• 6+ years of digital assets services experience since 2013
• Flat fee of 0.20% and get a discount when you hold Huobi Token
• Choose from 200+ cryptocurrencies
• Creditcard payments possible
• iOS and Android app
• 5x leverage trading
• 24/7 local customer support

Huobi offers a decentralized structure and anti-Denial of Service Attack protection. Also, more than 98% of its funds are stored in multi-layered protected cold wallets.

Save up to 65% on fees holding Huobi Token (HT)

You get a discount on the fees when you hold Huobi Token (HT). The more you hold, the higher the discount.

DEAL ACTIVATED

ACTIVATE DEAL

On Going Offer

How to create a Huobi account?

Creating a trading account is not a big deal, it is done within a matter of minutes. You can perform the following simple steps to create your free account on Huobi:

1. Visit the Huobi website
2. Select your nationality from the dropdown menu, enter you email address or your phone number and a strong password
3. Agree to the terms
4. Click Sign Up

By performing the above simple steps, your trading account will be created easily. To confirm the account, you will get a code from the official email address of the company at your registered email account. Simply copy and paste the code in the required field and your account will be confirmed.

How to verify your account?

After creating an account, you can verify yourself. Follow the below steps to successfully verify your account:

1. Login to your account
2. Click on your profile icon located at the top right corner of the page.
3. In the dropdown menu click on the Verification tab.
4. Fill in the details including your nationality, government-issued ID card, first and last name, and photo of your ID which details you need to insert in the required field.
5. Click on the Verify button to apply for the verification of your account.

Within 24 hours you will get a response from Huobi about the verification of your account. This period is not certain and takes longer for some profiles due to hindrance in the verification process. The processing time varies from case to case.

There are two verification levels on the website.

1. Level 1
2. Level 2

For level 1 verification you only need to provide your legal first and last name, date of birth, phone number, residential address, and the last 4 digits of your social security number.

To verify your account to level 2 you need to provide a selfie holding your identity card. All the information you provide will be verified against public records.

How does Huobi work?

Huobi is a Mandarin word, its literal meaning is currency. The exchange has been so long in the crypto scene and it was ranked in the top 3 exchanges in the world in terms of volume and liquidity. However, with the passage of time, new names entered the market with more funds and Huobi lost the spot in the top 3, but still, it has managed to rank in the top 10 largest cryptocurrency exchanges in the world based on the trading volume.

To buy Bitcoin for example on Huobi Global you need to follow these steps:

1. Login to your account and log in with your account
2. Click on Buy Crypto on the top left
3. Enter which currency you want to pay with and then select Bitcoin
4. You can only use credit card
5. On the order screen, confirm the payment method and amount and place the order by clicking Go to simplex
6. Fill in your credit card data and some personal data and proceed your order
7. Simplex will send your Bitcoin to your Huobi account

Guide to trade at Huobi:

1. Login to your account and log in with your account
2. Make sure you have enough funds in your account. If you don’t own cryptocurrency, please see our guide how to buy crypto step by step
3. Click on Exchange and select your favorite trading pair, like BTC/USDT
4. Scroll down and choose between a market or limit order
   1. Market order will be executed immediately
   2. Limit order needs to get filled by a seller
5. Fill in the amount and select your preferred order
6. Click on Buy BTC

All the currencies you buy reflect in your account when the order is filled. After buying the cryptocurrency you can check the availability of your assets by clicking on the Balance button visible on the upper right corner of the screen.

When you want to withdraw your profits, you can navigate to the Balances tab and click on Deposit and Withdraw. From the list of your cryptocurrencies, highlight the currency you want to withdraw and select the Withdraw button next to the name of the digital asset. Enter the wallet address you want your coin to withdraw and click on the withdraw button at the bottom of the screen. Your transfer will be completed within 5 to 30 minutes depending on the cryptocurrency.

Huobi fees

Huobi charges fees for trading on this platform. The fees are fixed at 0.20% and is relatively high if you compare it to Binance. When you use the basic fee rate, you don’t get any discounts whatsoever.

But when you hold the native Huobi Token of the exchange, you will get some discount on the fees. The amount of tokens you hold will place you in a certain fee level. 1 Huobi Token is around € 3,50 at the moment of writing. To get the biggest discount, you need to have 5000 HT, which is more than € 15.000.

It is cheaper to trade at Binance. The standard fee at Binance is 0.10%, when you hold Binance Coin you will get a discount of 25%, so you only pay 0.075%. When you register with our link, you will get a lifetime cashback of 20%, that means that you only pay 0.06%. Cheaper than Huobi Global and you only have to buy and hold 1 BNB for around € 14.

Exclusive: 20% lifetime trading fee cashback

Register an new account and get a lifetime 20% friend discount. When you hold BNB tokens you will get an additional 25% discount on top of that.

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Is Huobi safe?

The exchange offers Huobi security to reserve a secure service that supports the plan to store 20K Bitcoins for insurance purposes. This is the best incentive offered by the platform for its users. In case if any hacking incident happens on the website the users can get their lost coins back.

The platform offers a very rare initiative of user protection fund that is not available on most of the exchanges available on the internet. This feature means 20% of the net revenue from the yearly trades goes to fund to buyback the native cryptocurrency of the exchange Huobi Tokens.

Huobi Global has implemented secure and reliable safety measures on the platform. The platform has spent a good amount of money on the security measure that tells a lot about the seriousness of the company about the security of the platform. In the past, the website has successfully passed multiple third-party security tests. Moreover, the platform offers 2FA, email, and message notifications on your smartphone. The majority of digital assets nearly 98% are stored in secure cold wallets and the transaction limits are caped with hot wallets of the platform. The security team of the exchange monitors the wallets 24/7 to reach timely in case of any hack or breach in the system.

Save up to 65% on fees holding Huobi Token (HT)

You get a discount on the fees when you hold Huobi Token (HT). The more you hold, the higher the discount.

DEAL ACTIVATED

ACTIVATE DEAL

On Going Offer

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