Huobi Review 2023
Huobi is a great choice if you are looking for a cryptocurrency exchange. You can find over 350 cryptocurrencies and more than 1,000 markets on the Pro platform.
For new users, the exchange offers a variety of resources and tools. Its help center is an extensive library with articles covering account creation, futures trading, and more.
Huobi cryptocurrency exchange is one of the biggest in the world, boasting an extensive list of supported crypto coins, 24/7 customer support and a robust security system.
Traders can utilize the basic platform to trade more than 350 cryptocurrencies, or opt for the pro version for access to trading pairs and additional features. The platform supports various payment methods such as credit/debit cards and bank transfers.
Users can purchase and sell Huobi Token (HT), a native token that helps reduce transaction fees on the platform. It also offers other advantages for its users such as price alerts and mobile trading capabilities.
Huobi has a wide range of derivative markets that are similar to Binance. These include American call and put options, which enable investors to profit based on future price movements in underlying assets.
What is Huobi?
Huobi is a cryptocurrency exchange that enables traders to buy and sell digital coins. Established in 2013 by former Oracle computer engineer Leon Li, Huobi serves investors across the world.
It has offices all over the globe, including in Seychelles, Hong Kong and South Korea, Japan, and the United States. It became a Hong Kong-listed company in August 2018.
Huobi has been a major player in the crypto market since its inception. It is now one of the world’s largest and most liquid exchanges, testament to their commitment to building a loyal user base across Asia.
Huobi recently added futures trading to their derivative market to appeal to more sophisticated investors who are not familiar with traditional financial markets and want to trade crypto. The company is also working to launch a public blockchain called Huobi Chain, which will support the Huobi Token, its native currency.
Though still relatively young, the platform has quickly established itself as an industry leader when it comes to security and customer service. It utilizes cold storage for 98% of client assets and offers a User Protection Fund that pays out up to 20,000 BTC in case of hacks or other breaches.
History of Huobi
Established by former Oracle engineer Leon Li in 2013, Huobi has rapidly become one of the leading digital asset exchanges on the market. Although Huobi was originally Chinese-based in the beginning, it now has a worldwide clientele and offers a wide range of trading pairs as well as fast customer service.
The CEO of Huobi Token has made many bold predictions about the future of cryptocurrency. He advocates for a native token-based economy, which he refers to as HT (Huobi Token).
Huobi’s HT offers several benefits to holders, such as halving trading fees and giving users a voice in governance decisions regarding the exchange. Furthermore, users can purchase VIP memberships which further reduce trading fees by up to 65%.
Huobi remains a top choice for cryptocurrency traders despite the recent decline in crypto prices. Their trading engine is fast and user-friendly, their user interface is clean and responsive, and the security on their platform is top notch.
Huobi is a global crypto exchange that accepts more than 350 cryptocurrencies. The platform offers a variety of trading tools and features that are suitable for novice and experienced investors.
Huobi’s intuitive interface makes it easy to navigate the platform and trade coins. Plus, there are multiple security measures that will protect your funds.
For instance, Huobi User Protection Fund uses cold wallet technology to safeguard your coins and makes it one of the most secure exchanges in the industry.
Huobi offers an expansive selection of crypto assets and allows users to buy or sell them with their credit card. This is an invaluable feature for those seeking to invest in various cryptocurrencies without needing to open an account first.
Huobi boasts a user interface that is familiar and straightforward for both experienced and novice traders alike, featuring TradingView-compatible candlestick charts and order books – making it an ideal platform for spot and derivative trading.
This exchange is ideal for both beginner and automated traders alike, offering an expansive selection of trading pairs that will appeal to most crypto investors. Its feature-rich trading platform makes it an outstanding contender in this space.
Huobi boasts an impressive security record and is one of the few exchanges that has never been victim to a hack. The exchange maintains a multisignature cold wallet, and a 20,000 BTC Security Reserve Fund in case of cyber-attacks.
Huobi provides a comprehensive trading platform, as well as a mobile wallet that supports various crypto assets and stablecoins. The app features one-click claiming of staking rewards, plus an intuitive NFT display to show tokens relevant to your needs.
Exchanges need to take security measures in today’s digitally dangerous environment. Huobi takes a comprehensive approach to safety by incorporating various tools and technologies into its platform for maximum protection.
For instance, the exchange utilizes cold wallets to store most of its crypto assets offline, making it harder for hackers to steal funds. The platform’s customer support team is available 24/7 to answer any questions or address any concerns.
The company also uses two-factor authentication (2FA), which requires that you generate a 6-digit code every time you log in. You can generate these codes using any 2FA app such as Google Authenticator.
Additionally, the company provides user protection funds that act as insurance covers in case of unexpected risks. These include Investor Protection Fund and Security Reserve Mechanism – the latter being one of the most effective measures to safeguard assets against cyber-attacks.
Customer service is a critical aspect of any exchange, and Huobi excels at it. You can find articles about everything from account creation to futures trades, and live chat is available to help you connect with advisors.
Huobi is extremely accessible – they can be reached from anywhere with an internet connection. They even have several social media and messaging app communities where you can get in touch if you don’t know where to begin.
Huobi is a well-respected crypto exchange, due to its excellent customer service. Their agents are well-known for their attention to detail and politeness. Support can be reached by email, telephone or from any of the many country offices they have. Huobi is also a leader in security measures, including multi-signature cold wallets as well as 20,000 BTC Security Reserve Fund which can be used to reimburse customers in the event of hack attacks.
Huobi offers an expansive selection of trading pairs, with a focus on Asia’s emerging markets. This gives users the chance to explore coins from areas they might not have otherwise discovered.
Over the past few years, the exchange has introduced several innovative features like bot trading and crypto loans. This allows you to trade cryptocurrency easily without having to worry about the potential risks involved in buying or selling.
Furthermore, the exchange has launched a referral program where you can earn $10 bonus when your friend joins. Before you take advantage of this offer, make sure to carefully read all terms and conditions.
Although Huobi isn’t a regulated exchange it takes many security measures to protect users’ funds. It uses cold storage to protect user wallets, and it has a User Protection Fund that covers losses due to hacks or other circumstances beyond its control.
Huobi provides their users with an expansive selection of crypto assets. Furthermore, they boast some of the lowest fees around – making them one of the best crypto exchanges for both novices and seasoned traders alike!
The platform supports many coins and offers excellent customer service. Usually, they respond within an hour of contacting you.
Support should be available to answer any questions you may have and help with any issues. That is why the platform provides 24/7 live chat and email assistance.
They also have many country offices that can assist customers with account problems. This helps keep costs low and makes the platform more accessible to everyone.
Huobi has a wide range of supported coins as well as native utility tokens HT. The initial supply for this coin is 500 million. It can be used to pay transaction fees on the exchange. It also allows developers to collaborate on projects with Huobi Cloud and provides access to Huobi Cloud services.
User Protection Fund
Huobi’s user safety fund is one of its key features. It provides financial security for users in the event that their funds are lost because of security incidents. The platform spends 20% of its net revenue to buy back HT, and then places it in a fund that will be used to compensate customers who have been affected.
Another advantage of Huobi is its multi-signature cold wallet, which keeps your funds safe and offline. This makes hackers unable to access your assets and protects you from attacks.
It has earned a reputation as a security institution. Furthermore, its 20,000 BTC Security Reserve Fund was set up to reimburse client funds in case of security incidents.
In addition, the platform boasts a strong security team and strict compliances. Furthermore, its decentralized exchange structure minimizes the potential risk of DDoS attacks. There’s also a help center that provides a wealth of FAQs and articles. Customers can also use live chat to interact with agents.
Derivatives and Margin Trading
Investors and traders who want to maximize their profits can look into margin trading and derivatives. This type of trading allows traders to use third-party capital when trading crypto assets.
This strategy is highly profitable, especially for traders with high volumes. It is also a great entry point for new traders.
Huobi recently added a margin trading option. This allows traders to borrow funds from Huobi and then use them to make more profit. This could be a great way to increase your leverage. However, you should be aware that your account balances can be used as collateral.
The exchange also offers a User Protection Fund, which will protect your wallet from hacks and other breaches. This feature is truly remarkable and provides users with peace of mind, as they can recover any lost funds.
Are you searching for a trustworthy crypto exchange? Huobi could be your best choice. With roots in 2013, this company has built up an impressive reputation over time.
Huobi is a great crypto exchange because it protects its users’ funds. Huobi stores as much as 98% of its users’ funds in cold storage devices. It also offers a User Protection Fund, which guarantees compensation for any loss to your assets.
Crypto enthusiasts who worry about their investments won’t be affected by any potential market volatility. The company also has an experienced user-service team that is available via live chat or email to answer any questions.
The exchange platform features an user-friendly interface and provides accurate price feeds, charting tools, and market depth data. Furthermore, there’s a dedicated educational section with articles to get you started with crypto trading and investing.
Huobi is one of the world’s foremost cryptocurrency exchanges. It has earned a solid reputation over time by providing superior security, competitive trading fees, and an expansive suite of features for investors.
Customer support at This company is excellent, featuring a live chat feature that helps solve issues quickly. Furthermore, the company provides Telegram messaging and an accessible help center open 24/7.
Huobi team makes a valuable contribution to the crypto community by encouraging new projects, supporting ICOs and providing educational resources for traders and regulators alike. Its most recent initiatives include HECO Chain and its IEO platform Spotlight, both designed to attract more sophisticated investors into this space.
Huobi’s trading platform is user-friendly and provides investors with a comprehensive selection of tools to trade all major cryptos. There are options for both novice and experienced investors.
Huobi is a trusted cryptocurrency exchange offering top-tier security. It also provides multiple payment methods and makes it ideal for users looking to buy or sell cryptocurrency.
Registration on the platform is a quick and painless process that only takes a minute or two to finish. All that needs to be done is providing your address and photo ID.
Once this is completed, you can begin trading on the platform. Fiat currency can be deposited to your account via bank transfer or credit card.
You should also be aware that there are fees involved in using the platform. These include transaction costs and withdrawal limits.
Huobi charges a variety of fees that might not be the problem, but can be a problem for some users. To minimize these risks, register with a verified account and use either credit or debit card when making purchases.
Huobi’s security protocol is one of its strengths. It has passed numerous tests to ensure clients’ funds and information are protected. Furthermore, the company has a 20,000 BTC Security Reserve Fund which it can utilize in case of severe security breaches.
Huobi is one the few exchanges offering low transaction fees. Additionally, its VIP memberships reduce fees by up to 65% – an excellent way to save money and enhance your trading experience.
It supports a variety of cryptocurrencies, including Bitcoin and Litecoin. It is ideal for novices as well as experts.
The exchange offers extensive customer support and an easy-to use user interface. Users can also buy and sell cryptos with debit or credit cards.
Another advantage is Huobi stores your funds in cold wallets, which offer extreme security when storing digital assets. They are protected from security breaches and other problems.
Huobi Global follows stringent security protocols and adheres to industry best practices. It stores client funds in multi-signature cold wallets with 24/7 monitoring for added protection, plus has a 20,000 BTC Security Reserve Fund which reimburses users if their funds are lost.
It can be difficult to get to grips with cryptocurrency exchanges if you are new. Fortunately, Huobi makes its interface user-friendly and straightforward to comprehend.
The platform also provides educational resources to assist you with navigating the market. These include tutorials, guides and videos.
Funds can be deposited to your Huobi account through either the web browser trading platform or mobile application. You can also withdraw tokens to other exchanges from your Huobi account.
However, there may be fees associated with these transactions. These fees are typically paid to validators or miners who process transactions on the blockchain network. They can change depending on network conditions so make sure you check the most current fee before you withdraw your coins.
In addition to these fees, Huobi may require further identity verification when making a withdrawal. Huobi may also require additional identity verification to protect its customers.