Huobi Global Review 2024 - The exchange you need to know !

Huobi Global Review Contents

• What is Huobi Global?
• Huobi Global Exchange Key Features and Functions
• Huobi Exchange Trading Platform Special Offerings
• Huobi Global Crypto Exchange Accepted Payment Methods – Deposit and Withdrawals
• Huobi Global Withdrawals
• Huobi Wallet & Huobi Token
• Huobi Mobile App
• Margin Trading & Derivatives at Huobi Global
• Currencies supported
• Trading Conditions for Huobi Global Users
• Huobi Global Trading Fee 2022
• Huobi Security & Safety
• Huobi Customer Support
• Huobi Global Exchange Review Summary 2022

What is Huobi Global?

Huobi Global is a Seychelles-based cryptocurrency exchange founded in China by Leon Li. In September 2013 Huobi launched the Bitcoin trading platform. Huobi Group is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest crypto exchange by liquidity and real-trading volume.

Huobi Global Exchange Key Features and Functions

• Huobi Global, the world-leading cryptocurrency exchange by trading volume and liquidity, provides a holistic and all-encompassing blockchain and cryptocurrency service that fits the entire disruptive ecosystem. To improve the trading experience for spot traders and reduce transaction costs, Huobi Global has launched two types of card discount programs for all platform users.
• Huobi Token (HT) is a blockchain-powered loyalty point system. It is the only token that Huobi officially launched. HT supports Huobi Global business and all products, such as VIP discounts.
• Huobi Futures is a kind of digital currency derivative. Users can make a profit from the rising/falling price of digital currencies by going long or selling short based on their own judgment. Huobi Futures adopts spread delivery. When the futures expire, all open positions are closed at the index-based last-hour arithmetic average price, instead of physical delivery.
• Huobi Point Card is the trading fee deposit card launched by the company. It provides attractive discounts on the purchase/sale of coins. Also, Huobi point card has a point card package which provides different discounts based on the type of package. In parallel, there is a reward point scheme with every purchase reward point credited to the cardholder.
• Huobi Derivative Market (Huobi DM) is a derivatives exchange platform for trading that provides secure margin trading and professional services. Huobi DM provides Real-time settlement (BTC) and “zero clawbacks” for all derivatives.
• Huobi Brokerage offers a simple trading platform to institutional clients only and is accompanied by the best prices in block trades depending on the type of package the client is associated with. This includes no trading fees with a secure and compliant trading experience. Furthermore, large-volume crypto trading is supported.
• Huobi ETP (Exchange Traded Products) is a leveraged product (3 times) that increases exposure to profits or losses on trading pairs through daily positioning.
  P2P Trading is an option that allows users to perform direct transactions without paying fees. Users can pick one of the offers available or post their own offer and wait for someone else to match.
• Huobi Bespoke Solutions. In order to meet the needs of institutional/high net worth customers to improve the utilization rate of funds and expand the number of trading assets, Huobi launched innovative products applicable to the cross-exchange of Huobi Global and local exchange customers. These products support OTC loans, locking, and mining.
• Huobi C2C (customer-to-customer) is an option that does not charge fees to users. It allows advertisers to quote lower and more competitive prices and one can freely find the users they want to trade with at any time. On their platform, one can also quickly buy/sell crypto with just one click, which makes the transactions more convenient.

Huobi Exchange Trading Platform Special Offerings

There two main special exchange offerings. A few specific ones are more inclined for new trader and those are also included in review.

• Huobi Crypto Savings Product was launched in August 2020. Users who passed the KYC verification process are eligible to apply for the initial crypto saving product inflexible terms. The crypto savings account supports deposits and withdrawals at any time. Huobi is paying daily interest to the crypto savings account and supports a real-time settlement. However the service is offered widely, it is not available to the following countries and regions: China, Hong Kong Japan, Singapore, the United States, Germany, and the United Kingdom.
• Huobi Spot Trading is the most integrated and central part of Huobi Global. The spot trading platform is committed to providing the best performance and experience for trading bitcoin. With a cutting-edge trading engine, it provides safe and compliant trading volumes of spot business. Trading costs decrease internally on the tiered structure to allow for more transactions and lower costs per trading order.

Huobi Global Crypto Exchange Accepted Payment Methods – Deposit and Withdrawals

Huobi Global provides the following options for payments for assets exchange (crypto to crypto and fiat to crypto):

• Visa/Mastercard
• Apple Pay
• Banxa (a service for fiat-to-crypto payments)
• Bank transfers
• PayPal

and some more, available for different regions and countries. Among others those are:

• POLi/PayID/BPAY/Newsagent/Australia Post for users in Australia
• iDEAL for users in the Netherlands
• Faster Payments for users in the United Kingdom
• SEPA/Sofort-Klarna for users in the European Union
• Interac for users in Canada.
• Debit/credit cards support all types of cards with efficient and safe transactions.
• Cash balance on the platform and also support SWIFT transactions/wire transfers.
• Third-party payments providers (Simplex, Banxa).

Huobi Global Withdrawals

Huobi Global offers a one-click withdrawal. One just needs to select the coin – over the app or a desktop client. Registered users can convert the coin into bitcoin or fiat currency. Huobi exchange also provides a method to withdraw coins and convert them into HT to get rewards points that later can be converted into buy/sell crypto.

Huobi Wallet & Huobi Token

• Multi-currency De-Fi wallet supports the storage, and transfer of assets across cross-chain platforms. It supports 20 wallet types including BTC, ETH, HECO, DOGE, XRP, DOT, KSM, BCH, LTC, ETC, TRX, XTZ, EOS, ATOM, and more.
• Huobi Token (HT) is a decentralised digital asset based on Ethereum blockchain, with a limited total supply of 500M, issued by Huobi Group. HT is used in all types of applications in the global business and ecosystem of Huobi group and has become an important hub of the ecosystem. Registered users can avail a wide range of discounts on major brands on NFT marketplace.

Huobi Mobile App

Huobi mobile application is a crypto to crypto platform integrated and easy-to-use interface that provides quick access to Huobi accounts. Registered users can buy and sell crypto directly on crypto exchange or can convert it into any digital asset as per need. Around 20 million users are using the Huobi app to buy bitcoin in just over one click. The app provides price alerting features where users can set specific prices and get push notifications to the device.

Margin Trading & Derivatives at Huobi Global

Huobi Derivative Market (Huobi DM) is a derivatives exchange platform for trading digital assets. Huobi DM provides Real-time settlement (BTC) and “zero clawbacks” for all derivatives. Huobi user can use margin based on their profile and allocated funds.

Currencies supported

Huobi Global supports different cryptocurrencies (the options of buying/selling might be different for some countries). In the company’s portfolio, a user might find the most popular tokens and many more. Those include:

Some currencies offered are subject to pure solicitation within Huobi global guidelines, for more details please refer to the site.

Trading Conditions for Huobi Global Users

Huobi Global offers trading loans to its registered users with low fees, and provides margin trading options as per the limit assigned to each account.
Overall trading at Huobi is user-friendly and supportive. HT is the most impressive feature for traders that can be used to buy/sell crypto.

Huobi Global Trading Fee 2022

Huobi Global charges a 0.2% base fee. For Huobi Token holders there is a discount – the more HTs a user owns, the bigger discount they can get. e.g. for users with more than 5000 HTs, the discount is at the level of 65% and the fee is 0.07%.

Different fees apply for professional traders. For a maker a fee starts at 0.0362%, for takers at a level of 0.0462%. Fees here depend also on the HT holding and on the volume of a transaction.

There is no deposit fee, however, a Huobi Global customer needs to consider a withdrawal fee. Before withdrawing the assets, one needs to consider withdrawal limits (that depends on user’s verification level).

Huobi Security & Safety

According to Huobi, the company is committed to provide the best and most secure services on the crypto assets market.

• Investor Protection Fund launched in January 2018 to protect the interest of Huobi users by providing upfront compensation coverage in event of unforeseen trading platform incident,
• distributed architecture and anti DDOS attack system,
• 98% of digital currency are stored in the multi-signed cold purse,
• The Security Reserve Mechanism – a reserve of 20,000 BTCs – that is kept in case of some extreme security accidents,
• two-factor authentication process for the accounts’ safety,
• company has also a system that monitors malicious transactions.

Huobi Customer Support

• Huobi Chat Bot is the ultimate help for the users. It helps with the most common questions for ones who start the adventure with crypto currencies trading. One might also find a long list of topics around newest announcements, buying and selling crypto with fiat currencies, promotions, security, and many more.
• Huobi provides 24/7 support. There are several ways on getting help – an email, ticket or hotline. One might instantly block Huobi card in case of fraud and scam.

Huobi Global Exchange Review Summary 2022

Huobi Global is one of the largest cryptocurrency exchange based on decentralized digital assets. Huobi offers a global crypto exchange where client funds are not stored within the exchange but in the terms of cold storage like Huobi wallet and HT. The company is available for users all over the world. With the wide range of services, for both beginners and professional traders, it is for sure a worth-considering exchange to use.