Greetings, fellow crypto enthusiasts! In today’s blog post, we’ll be exploring one of the most popular cryptocurrency exchanges in the market, Huobi Global.
As we embark on this journey, we’ll delve into the platform’s features, fees, and security measures to give you a comprehensive overview of what it has to offer.
So, without further ado, let’s dive in…
Huobi Global
Summary
Huobi Global has a global presence with users in more than 130 countries. It is known for its security measures, advanced trading tools, and 24/7 customer support. The exchange also offers staking and mining services, as well as a mobile app for trading.
Huobi Global: Key Specifications
| Name | Huobi Global |
| Website | https://www.huobi.com/ |
| Year Founded | 2013 |
| Headquarters | Seychelles |
| Supported Cryptocurrencies | Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, TRON, and more than 500 other cryptocurrencies |
| Trading Pairs | Over 800 trading pairs |
| Fiat Currencies Supported | ALL, AUD, BRL, and +47 more |
| Trading Fees | Maker fee 0.2%, taker fee 0.2% |
| Deposit Methods | Bank transfer, credit/debit card, crypto, Google Pay, etc. |
| Withdrawal Methods | Bank transfer, cryptocurrency transfer, and several other payment methods |
| Security Features | 2-factor authentication, cold storage, and regular security audits |
| Mobile App | Available for iOS and Android |
| Customer Support | 24/7 customer support via email and live chat |
| Regulatory Compliance | Registered with the Financial Crimes Enforcement Network (FinCEN) in the US and the Financial Services Agency (FSA) in Japan |
| Other Services | Huobi Mining Pool, Huobi Wallet, Huobi Capital, and Huobi Research Institute |
Huobi Global Overview
Huobi Global is a digital asset exchange with a strong presence in over 150 countries. It was established in China in 2013 and provides investment and trading services to clients across the globe, processing a daily trading volume of over $4 billion.
As a centralized exchange (CEX), Huobi Global can handle ICO tokens and offers a wide range of cryptocurrencies. With over 600 assets and 900 trading pairs, users have access to a diverse portfolio. The exchange also offers an insurance policy to safeguard users’ assets and provides customer support around the clock through multiple channels.
Huobi Global’s ecosystem includes spot trading, margin trading, futures trading, derivatives trading, staking, and crypto loans. Active traders and investors can also explore Huobi Global’s OTC trading platforms to customize their trading experience.
Pros and Cons
| Pros | Cons |
|---|---|
| Large selection of cryptocurrencies | Limited payment options |
| Low trading fees | Limited fiat currency support |
| High liquidity | Limited customer support |
| Robust security measures | Lack of transparency in ownership |
| User-friendly interface | Limited availability in certain areas |
| Margin trading available |
Huobi Trading Features Explained
Spot and Margin Trading
For spot trading, Huobi Global provides a large selection of cryptocurrencies, including major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as many altcoins. The exchange charges relatively low trading fees, ranging from 0.02% to 0.20%, depending on trading volume and whether or not the user holds Huobi Tokens (HT). With high liquidity and a user-friendly interface, Huobi Global is a great choice for beginners.
On the other hand, Huobi Global’s margin trading allows users to trade with borrowed funds, potentially increasing their profits. The exchange offers a variety of leverage options, ranging from 2x to 125x, depending on the cryptocurrency pair. Margin trading fees are relatively low, with a maximum borrowing rate of 0.1% per day.
Trading Bots
Huobi Global offers trading bots for users who want to automate their trading strategies. The exchange provides both grid trading bots and market-making bots, which can be customized based on the user’s preferred parameters.
With the grid trading bot, users can set a range of prices, and the bot will automatically buy and sell within that range. The market-making bot helps users create a more liquid market by placing limit orders on both the buy and sell side.
OTC Desk
Huobi Global’s OTC (over-the-counter) desk allows users to buy and sell cryptocurrency assets with fiat currencies outside of the exchange’s normal order book. The OTC desk provides a secure and convenient way for users to trade large amounts of cryptocurrency without affecting the market price.
The OTC desk supports a variety of fiat currencies, including USD, EUR, GBP, and more, and offers a wide selection of cryptocurrencies for trading. It also provides a dedicated customer support team to assist with transactions and answer any questions users may have.
P2P Trading
Huobi Global’s P2P (peer-to-peer) trading platform allows users to buy and sell cryptocurrency assets directly with other users, without the need for an intermediary. This allows for fast and convenient trading, with transactions settled directly between the buyer and seller.
Its P2P platform supports a variety of payment methods, including bank transfers, mobile payment apps, and even cash deposits. The platform also provides a secure escrow system to ensure that transactions are safe and reliable.
Huobi Earn and Staking
Huobi Earn is a service offered by the Huobi cryptocurrency exchange that allows users to earn interest on their digital assets. One of the options available for earning interest is USDT.
There are several different options available for earning interest on USDT through Huobi Earn. These options include Flexible, Fixed, and Dual Investment.
Flexible USDT deposits offer a variable interest rate that currently ranges from 3.50% to 390.53% annually, depending on market conditions. This option allows users to deposit and withdraw their USDT at any time, with no minimum deposit requirement.
Fixed USDT deposits offer a guaranteed interest rate of 3.5% annually for a fixed term, ranging from 7 to 365 days. This option requires a minimum deposit of 100 USDT and cannot be withdrawn before the end of the term.
Dual Investment USDT deposits offer a guaranteed interest rate of 10.053195% annually for a fixed term of 90 days. This option requires a minimum deposit of 100 USDT and cannot be withdrawn before the end of the term.
Huobi Global Fees
Trading Fees: Huobi Global charges a flat fee of 0.20% for both makers and takers. This means that if you place an order on the exchange, you will be charged 0.20% of the total transaction value regardless of whether you are buying or selling.
For derivatives and margin trading, maker orders incur a 0.02% fee, and taker orders a 0.05% fee, with volume-based discounts.
Fiat deposits and withdrawals are charged at 0.15% + $1, while crypto withdrawals incur a small network-based fee. Compared to other exchanges, Huobi’s fees are competitive but slightly higher than some, such as Binance, OKCoin, and KuCoin.
Huobi Global Security Review
- Two-Factor Authentication (2FA): It supports two-factor authentication, which adds an extra layer of security to user accounts. Users can enable 2FA using either Google Authenticator or SMS.
- Cold Storage: The Exchange stores the majority of its users’ funds in cold storage, which is an offline wallet that is not connected to the internet. This makes it much harder for hackers to steal funds from the exchange.
- SSL Encryption: Huobi Global uses SSL encryption to protect users’ personal information and prevent it from being intercepted by hackers.
- Anti-DDoS Protection: It has implemented anti-DDoS protection to prevent its servers from being overwhelmed by traffic from malicious actors. This helps ensure that the exchange remains available during periods of high traffic or attack.
- Security Audits: The team regularly conducts security audits of its platform to identify vulnerabilities and improve its security measures.
Huobi Global Payment Methods
- Cryptocurrency Deposits: Huobi Global supports deposits in over 500 cryptocurrencies. Users can easily deposit cryptocurrency into their accounts by transferring it from their own wallets or other exchanges.
- Bank Transfer: The Exchange also supports bank transfers, allowing users to deposit funds directly into their accounts using fiat currencies such as USD, EUR, and GBP. However, it’s worth noting that this option is only available to users in certain countries and may be subject to additional fees.
- Credit/Debit Card: It also supports credit and debit card payments through a third-party payment processor. However, this option is currently only available to users in certain countries and may also be subject to additional fees.
- Third-Party Payment Providers: Huobi Global supports various third-party payment providers, such as Skrill, Neteller, and more, depending on the user’s location. These options may also be subject to additional fees and restrictions.
Huobi Global Customer Support
To ensure that customers get the assistance they need, Huobi Global offers a range of support channels, including live chat, email support, social media, a help center, and phone support.
The platform’s support email address is support@huobi.com. The email support option is available 24/7, and the support team aims to respond to all inquiries as quickly as possible.
Huobi Global Supported Cryptocurrencies
The Exchange supports more than 598 cryptocurrencies with 800+ different trading pairs including BTC, ETH, and HT Token. Some popular ones are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- Cardano (ADA)
- Dogecoin (DOGE)
- Polkadot (DOT)
- Chainlink (LINK)
- Uniswap (UNI)
Alternatives and Comparison
| EXCHANGE | CRYPTO ASSETS | TRADING FEES | RATING | PROMOTION | REVIEW |
|---|---|---|---|---|---|
| Binance | 500+ | 0% to 0.1% | 4.7/5 stars | Up to $100 welcome bonus | Binance Review |
| Bybit | 350+ | 0% – 0.1% (spot) and 0.06% / 0.01% (leverage) | 4.6/5 stars | Deposit bonus up to $30,000 | Bybit Review |
| OKX | 320+ | 0.08% (maker) / 0.10% (taker) | 4.5/5 stars | Staking APR up to 20% | OKX Review |
Final Thoughts
Huobi Global is a popular and reputable cryptocurrency exchange platform that offers a wide range of services for traders and investors worldwide. The platform provides a user-friendly interface, a vast selection of digital assets, and advanced trading tools that cater to the needs of both beginner and experienced traders.
The security measures implemented by Huobi Global are commendable, with features like two-factor authentication, cold storage for funds, and regular security audits to ensure the platform is secure. Additionally, Huobi Global has a responsive customer support team that is available 24/7 to attend to users’ queries and complaints.
Huobi Global’s liquidity and trading volume are impressive, making it an attractive option for traders who want to execute large orders quickly. Moreover, the platform’s trading fees are reasonable, and users can enjoy discounted rates by holding Huobi Tokens (HT).
FAQs
Is Huobi Global Safe to use?
Huobi Global is known for its high level of security, including advanced encryption technology, two-factor authentication, and regular security audits. The exchange also maintains a large insurance fund to protect users against potential losses.
Is Huobi Available to US Customers?
Huobi Global is not currently available to US customers due to regulatory restrictions.
What is the Huobi Token (HT)?
The Huobi Token (HT) is the native cryptocurrency of the Huobi Global exchange. It is an ERC-20 token built on the Ethereum blockchain, and it can be used to access various benefits on the platform, such as fee discounts, VIP status, and voting rights for listing new coins. HT can also be traded on other exchanges and used as a means of payment within the Huobi ecosystem.
Which countries are supported by Huobi?
Huobi Global supports users from over 180 countries around the world, including major markets such as China, Korea, Japan, Europe, and Southeast Asia.
