HUOBI DETAILED REVIEW

 

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Huobi Review

Huobi is a digital asset exchange platform that was founded in China in 2013. It has since grown to become one of the largest and most popular cryptocurrency exchanges in the world, with over 10 million registered users and more than $1 billion in daily trading volume. Huobi offers a wide variety of trading pairs, including both spot and derivatives trading, and also provides a wide range of services to both individual and institutional traders. Some of the key features of the Huobi platform include advanced trading tools, a user-friendly interface, high liquidity, and a focus on security and compliance. Overall, many traders consider Huobi to be a reliable and trustworthy exchange, with a wide range of features and a strong reputation in the industry.

➔ Open your free trading account with Huobi now

(Risk warning: 75.59% of retail CFD accounts lose)

Huobi Global Summary

 

Headquarters:Seychelles
Year Established:2013
Regulation:UnregulatedHuobi Global holds the following licenses:

Digital Asset Trading License-Ministry of Finance of Thailand

Compliance license– Japan Virtual Currency Exchange

Digital Trading License– Gibraltar Financial Services Commission

Hong Kong Asset Management 4/9 License– SFC

Spot Cryptocurrencies Listed:500+
Native TokenHuobi Token (HT)
Maker/Taker Fees:Lowest: 0/0.0218%Highest: -1.0 BPS/ 0.2%
Security:Very High
Beginner-Friendly:No
KYC/AML Verification:Not needed for limited functionalityKYC will be needed for higher trading and withdrawal requirements
Fiat Currency SupportUSD, GBP, EUR, RUB, UAH, KZT
Deposit/Withdraw Methods:Crypto, Credit/Debit card, Bank transfer, AdvCash, Banxa, Apple Pay, Poli/PayID/BPAY, iDEAL, Faster Payments, SEPA/Sofort, Interac

Review: What is Huobi Global

Huobi Global is a digital asset exchange platform that was founded in 2013 in China. It provides trading services for various cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Since its launch, Huobi has grown to become one of the largest and most popular cryptocurrency exchanges in the world. The platform has a user-friendly interface, a wide range of trading pairs, and supports multiple languages. Huobi has also expanded its services to include a lending platform, a staking platform, and a derivatives trading platform. It also has its own token, the Huobi Token (HT), which can be used to receive discounts on trading fees and participate in community decision making.

➔ Open your free trading account with Huobi now

(Risk warning: 75.59% of retail CFD accounts lose)

 

 

huobi homepage
A Look at the Huobi Global Homepage

 

Huobi Global Exchange Key Features

Huobi Global is a digital asset trading platform that was founded in 2013. It is one of the largest cryptocurrency exchanges in the world, with over $1 billion in daily trading volume. The platform offers a wide range of features and services to its users, including:

  1. A wide variety of trading pairs: Huobi Global offers over 400 trading pairs, including Bitcoin, Ethereum, Litecoin, and many other popular cryptocurrencies.
  2. Advanced trading tools: Huobi Global offers a range of advanced trading tools, including margin trading, stop-loss orders, and limit orders, which can be used to help traders manage their risks and increase their profitability.
  3. Advanced security features: Huobi Global uses a variety of security measures to protect users’ assets, including multi-signature wallets, cold storage, and regular security audits.
  4. High liquidity: Huobi Global has a large user base and high trading volume, which helps ensure that there is always enough liquidity on the platform to execute trades quickly and efficiently.
  5. Low fees: Huobi Global charges very low trading fees, which helps make it an attractive option for both novice and professional traders.
  6. 24/7 customer support: Huobi Global offers 24/7 customer support, which can be reached through a variety of channels, including email, live chat, and phone.
  7. Mobile App : Huobi Global offer mobile trading app for both IOS and Android platforms.
  8. OTC Trading: Huobi Global offers OTC trading which allows user to trade crypto in large volume with low slippage.
  9. Huobi Cloud : Huobi Global offers Huobi cloud service which allow companies and financial institution to build their own crypto trading platform using Huobi’s technology.

Huobi Margin Trading

Huobi Global offers margin trading, which allows traders to trade with leverage by borrowing funds from the exchange. This allows traders to potentially make larger trades and potentially larger profits, but also comes with the risk of greater losses. Traders can choose from several leveraged options, such as 2x, 3x, and 5x. Huobi Global offers margin trading for a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, among others.

It’s important to note that Margin trading is considered a high-risk activity and is not suitable for all investors. Traders should be fully aware of the risks and potential for loss before engaging in margin trading. Additionally, many exchanges require traders to meet certain criteria, such as passing a risk assessment, before being able to trade on margin.

 

 

huobi margin
Image via Huobi

 

 

From the trading screen, traders will need to flip between Spot and Margin sections to bounce back and forth between leveraged and non-leveraged tokens, this can be done in two different ways as shown by the red arrows below:

 

 

Huobi access leverage

 

Huobi Global Leveraged Exchange Traded Products

Huobi Global offers leveraged exchange traded products (ETPs) for users to trade with leverage. Leveraged ETPs allow traders to make bigger trades than they would be able to with the capital they have on hand. These products are backed by Huobi and provide traders with the ability to go long or short on various crypto assets with leverage of up to 3x. This can be useful for traders who want to magnify their gains in a bullish market, or hedge their positions in a bearish market. However, it is important to note that trading with leverage also increases risk and is a tool best used by experienced traders. Huobi Global’s leveraged ETPs have automatic deleveraging mechanisms in place to prevent liquidation in the event of a sharp market downturn.

➔ Open your free trading account with Huobi now

(Risk warning: 75.59% of retail CFD accounts lose)

 

 

Huobi ETP
A Look at Huobi’s Leveraged Tokens

 

Huobi Futures Trading

Huobi Global offers a comprehensive futures trading platform for users to trade various futures contracts with high leverage options. The platform supports multiple order types such as limit, market, and stop-limit. It also provides advanced trading features such as margin trading, partial liquidation, and cross margin mode to assist traders in managing their positions. Users can trade futures contracts for multiple assets such as Bitcoin, Ethereum, Litecoin, EOS, and more. Additionally, Huobi Global also provides a comprehensive risk management system to prevent traders from liquidation and assist in risk management. They also have a 24/7 customer support team available to help traders with any questions or issues that may arise during the trading process.

Traders can access up to 200x leverage on certain derivatives products and Coin-margined futures. Margin availability on futures contracts follows a tiered structure as you can see below:

 

 

leverage tiers
Huobi’s Leverage Tiers and Margin Requirements. Image via Huobi

 

 

The Futures trading platform looks similar to the Spot platform and can be accessed conveniently by simply locating the Derivatives section, then choosing your market of choice:

➔ Open your free trading account with Huobi now

(Risk warning: 75.59% of retail CFD accounts lose)

 

 

Huobi derivates

 

 

From there, traders will be able to access the powerful Futures trading interface which has the following areas:

 

 

derivates platform sections
A Look at the Derivatives Platform Sections

 

 

When it comes to the charts, there are three different options to meet the needs of most traders. The available charting interfaces are as follows:

The Huobi Global exchange, founded in 2013 and is headquartered in Singapore, is known for its variety of trading products and services, including spot, margin and futures trading, as well as a wide selection of trading pairs and leverage options.

One of the key features of Huobi Global is its margin trading option, which allows traders to borrow funds from the exchange to amplify their trades. The platform offers a variety of leverage options, up to a maximum of 125x on selected pairs.

Another popular feature on Huobi Global is its futures trading, which offers traders the ability to trade digital assets using contracts with a fixed expiration date and price. The platform offers a wide range of futures trading products including weekly, bi-weekly and quarterly contracts, as well as a variety of leverage options.

In addition to its spot and derivatives trading options, Huobi Global also offers a range of leveraged exchange traded products (ETPs). These are products that allow traders to gain leveraged exposure to the performance of certain digital assets without having to go through the process of margin trading.

In terms of charting and analysis, Huobi Global offers a standard charting interface with limited features and functionality. However, it also provides a depth chart which can be useful for understanding the buying and selling sentiment for a specific asset.

Overall, Huobi Global is a reputable exchange that offers a wide range of trading products and services, making it a great choice for both experienced traders and beginners alike.

 

 

depth chart
Huobi Depth Chart

 

 

Huobi tradingview
Using TradingView with Huobi

➔ Open your free trading account with Huobi now

(Risk warning: 75.59% of retail CFD accounts lose)

 

 

Additionally, you can choose between a market order, limit order, or conditional order. Market orders execute at the current market price, while limit orders allow you to set your own specific price to buy or sell. Conditional orders, also known as stop-loss orders, allow you to set a certain condition at which your order will execute, such as a certain price or percentage change in the market. These customization options provide traders with flexibility and control over their trading strategies.

 

 

 

order forms
Order Forms on the Huobi Futures Platform

 

It should be noted that the above features, like margin trading and leveraged exchange traded products, are high-risk tools intended for experienced traders, they also come with certain level of risk and should be used with caution. It is always recommended to be well-informed, understand the potential risks, and consult professional advisers before engaging in these types of trading activities.

Additionally, for those interested in advanced margin trading, Huobi also offers an option for margin trading with leverage, allowing traders to open positions with leverage up to 125x on certain pairs. It’s important to note that margin trading and leveraged trading is risky and not suitable for all investors, traders should be aware of the risks and be comfortable managing those risks before getting involved. Additionally, It’s highly recommend to do your own research and use risk management strategies when engaging in margin and leveraged trading.

 

Huobi Global Trading Bot

Huobi Global offers a trading bot feature for its users, which allows them to automate their trading strategies using pre-set conditions. This can be a useful tool for traders who want to take advantage of market opportunities 24/7, or for those who want to implement more complex trading strategies without having to constantly monitor the markets.

The trading bot feature on Huobi Global is easy to use and navigate, and allows users to customize their bot settings according to their specific needs. Users can set up a variety of different conditions, such as stop-loss and take-profit orders, and can also choose from a variety of different indicators to base their trading decisions on.

One of the key advantages of using the Huobi Global trading bot is that it allows users to take advantage of market opportunities even when they are not actively monitoring the markets. This can be particularly useful for traders who have busy schedules or for those who want to take advantage of market movements during off-hours.

 

 

huobi trading bot
Trading Panel to Access the Grid Trading Bot

 

 

Here is a great visual from Coinmonks showing how grid trading works, and what the bot will be doing:

 

 

grid bot trading
Image via Coinmonks

 

Huobi Global Finance

Huobi Global Finance is a feature that allows users to earn interest on their idle digital assets by depositing them into Huobi’s lending platform. It offers various types of lending products with different interest rates, duration, and collateral options. Users can choose from fixed-term lending, flexible lending, and staking to earn interest on their assets. The platform also supports margin trading and borrowing, allowing users to trade with leverage and borrow assets for margin trading. Additionally, Huobi Global Finance also offers a wealth management product, where users can participate in fund products managed by professional asset managers.

Huobi Staking

Huobi Staking is a feature offered by the Huobi Global exchange that allows users to earn passive income by holding and staking certain supported digital assets. By staking their assets, users can earn rewards in the form of interest, which is paid out in the same asset they have staked. The amount of interest earned will vary depending on the specific asset being staked and the duration of the stake.

To participate in staking on Huobi Global, users will need to have an account and hold a minimum amount of the specific asset they wish to stake. They can then navigate to the staking section of the platform, select the asset they wish to stake, and lock it up for a specific period of time.

Some of the assets supported for staking on Huobi Global include popular cryptocurrencies such as Bitcoin, Ethereum, and Huobi Token (HT). The staking period and rewards offered for each asset will vary, so it is important for users to research the specific details for each asset before staking.

In addition to staking, Huobi Global also offers other ways for users to earn passive income such as lending and borrowing assets, participating in token sales and IEOs, and participating in mining pools.

Huobi offers staking on 13 different assets, with APYs ranging from 3.3% to an impressive 20%, here is a look at the staking page:

 

 

Huobi staking
A Look at the Asset Staking Page. Image via Huobi

➔ Open your free trading account with Huobi now

(Risk warning: 75.59% of retail CFD accounts lose)

 

Huobi Primepool

Primepool is a unique feature on the platform that allows users to lock their assets to get free airdrops

 

 

Huobi primepool
Primepool Airdrop Page. Image via Huobi

 

Huobi Primepool is a feature offered by the Huobi Global exchange that allows users to earn passive income through staking and liquidity provision. It allows users to stake their assets in a pool, and earn rewards in the form of the staked assets or other cryptocurrencies. It also allows users to provide liquidity to a pool, and earn rewards in the form of transaction fees. The staking and liquidity provision rewards vary depending on the specific asset and pool, and are subject to change based on market conditions. Huobi Primepool is a good way for users to earn passive income while supporting the liquidity and stability of the cryptocurrency markets.

Huobi Earn

Huobi Earn is a service offered by Huobi Global that allows users to earn interest on their digital assets by lending them out to borrowers. It is a way for users to earn passive income on their idle assets without having to sell them. Huobi Earn offers a variety of assets to lend, including Bitcoin, Ethereum, and other popular cryptocurrencies, as well as stablecoins like USDC and DAI.

Users can lend out their assets for a fixed term, typically ranging from 7 days to 12 months, and receive interest in return. The interest rate varies depending on the asset and the term of the loan, but it can be as high as 10% annually.

In addition to earning interest, users can also earn rewards for participating in Huobi Earn through the platform’s loyalty program, Huobi VIP. Users can earn VIP points by lending out their assets, which can be used to redeem for other rewards such as discounted trading fees, exclusive access to new coin listings, and more.

It is important to note that lending out assets through Huobi Earn is a high-risk activity and users should do their own research and understand the risks before participating. Huobi Global also recommends users to diversify their lending portfolio to minimize the risk.

 

 

huobi earn
Image via Huobi

 

Huobi Learn

Huobi Learn is an educational platform provided by Huobi Global, which aims to help users learn more about blockchain and cryptocurrency. It offers a wide range of educational resources, including articles, videos, and quizzes on various topics such as the basics of blockchain technology, the different types of cryptocurrencies, and trading strategies. The platform also provides courses and certifications for users who want to gain a more in-depth understanding of the industry. Huobi Learn is a great resource for both beginners and experienced traders, as it provides valuable information and knowledge on how to navigate the complex world of crypto.

➔ Open your free trading account with Huobi now

(Risk warning: 75.59% of retail CFD accounts lose)

 

 

huobi learn
A Look at Huobi Learn

 

 

Huobi Deposit and Withdrawal Fees

The deposit and withdrawal fees on Huobi Global vary depending on the type of asset being deposited or withdrawn. For example, depositing Bitcoin (BTC) has a free deposit fee, while withdrawing BTC incurs a fee of 0.0005 BTC. Similarly, depositing Ethereum (ETH) is also free, while withdrawing ETH incurs a fee of 0.01 ETH.

It’s important to note that deposit and withdrawal fees are subject to change and it’s a good idea to check the Huobi website or contact their customer support for the most up-to-date fee information. Additionally, Huobi Global also offers a VIP membership program which provides reduced deposit and withdrawal fees for users who hold a certain amount of HT (Huobi Token) on the platform.

 

 

Card purchases will have the following fees applied:

 

 

huobi buy crypto fee
Image via Huobi

 

 

huobi p2p
A Look at Huobi’s Peer-to-Peer Marketplace

Note that KYC verification needs to be done to use the P2P marketplace.

Huobi Trading Fees

Huobi Global has a tiered trading fee structure, which means the trading fee will be different based on the user’s 30-day trading volume and VIP level. The maker and taker fees for normal users start at 0.2% for both, but can be as low as 0.02% for users with high trading volume. There is also a higher maker fee for market makers.

In addition, Huobi Global also offers a VIP membership program, which allows users to enjoy lower trading fees and other benefits. The VIP membership fee is paid in Huobi Token (HT) and the level of membership is determined by the amount of HT held and staked. The higher the level, the lower the trading fees.

 

 

Huobi trading fees
Image via Huobi

 

Here is a look at the fees for trading on the derivatives platform:

 

 

derivatives fees
Image via Huobi

 

Huobi Global KYC and Account Verification

Huobi Global requires users to complete KYC (Know Your Customer) and account verification processes in order to comply with regulatory requirements and ensure the safety of users’ assets. The process is designed to be simple and straightforward, requiring users to provide their personal information, such as name, address, and government-issued ID. The information provided is verified by Huobi’s team, and once the verification process is complete, users will be able to access all of the features and services offered on the platform, including trading and withdrawals. Huobi Global also provides a multi-level security system to protect user’s assets and personal information.

➔ Open your free trading account with Huobi now

(Risk warning: 75.59% of retail CFD accounts lose)

For higher deposit thresholds, here is a table showing the deposit limits per account verification tier:

 

 

huobi deposit limits
Image via Huobi

 

And here are the withdrawal limits for the different verification levels:

 

Huobi withdrawal limits
Image via Huobi

 

To access different features and trading limits on Huobi Global, users must go through a verification process. The verification process is divided into four tiers with different requirements for each.

Tier 1, also known as unverified, only requires users to provide their email address.

Tier 2, requires personal information and ID verification.

Tier 3, in addition to the above, users must state their purpose for trading, who they trade on behalf of, estimated daily and monthly trading volume, source of funds, monthly income, and employment status.

Tier 4, the highest level of verification, requires users to upload verification documents such as proof of residence and source of funds.

Huobi Global Security

Huobi Global prioritizes the security of its users’ assets and personal information. The platform employs a multi-layer security system to protect against hacking and other malicious activities. This includes the use of SSL encryption, two-factor authentication, and a cold wallet storage system that keeps the majority of assets offline. Additionally, the platform conducts regular security audits and risk assessments to ensure that all systems are functioning properly and that any vulnerabilities are identified and addressed. Huobi Global also has a dedicated security team that constantly monitors the platform for suspicious activity and works to prevent any potential security breaches.

 

 

Huobi security
Image via Huobi

 

 

 

Cryptocurrencies Available on Huobi

Huobi Global offers a wide range of cryptocurrencies for trading on their platform. Some of the major cryptocurrencies available on Huobi include:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • XRP
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • EOS
  • Chainlink (LINK)
  • Cardano (ADA)
  • Polkadot (DOT)
  • Huobi Token (HT)

In addition to these major cryptocurrencies, Huobi Global also offers a variety of other altcoins and tokens for trading. The exact list of available cryptocurrencies may vary over time as new assets are added or delisted from the platform.

Huobi Global Exchange Platform Design and Usability

The design and usability of the Huobi Global exchange platform is user-friendly and easy to navigate. The platform features a clean and modern layout, with a dark color scheme that makes it easy to read and focus on the charts and data. The trading interface is intuitive and features all the necessary tools for trading and technical analysis, including charts, order books, and trading history. The platform also includes a wide range of order types, which allows traders to customize their trading strategies. Additionally, Huobi Global offers a mobile app, which provides users with the ability to access the platform and trade on-the-go. Overall, the platform’s design and usability make it an excellent choice for both novice and experienced traders alike.

 

 

Huobi platform design
Easy Menu Dropdowns Make Platform Navigation a Breeze

 

Deposits and Withdrawals at Huobi

Deposits at Huobi can be made through various methods, including bank transfers and credit/debit card payments. Users can also deposit various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, among others. The deposit process is simple and straightforward, with users being able to deposit funds into their account within minutes.

Withdrawals at Huobi can be made in a similar fashion as deposits, with users able to withdraw funds through bank transfers, credit/debit card payments, and various cryptocurrencies. The withdrawal process is also simple and straightforward, with users typically receiving their withdrawn funds within a few hours. However, it may take longer depending on the withdrawal method used and any additional verification processes required.

It is important to note that Huobi may charge fees for both deposits and withdrawals, and users should be aware of these fees before making any transactions on the platform.

➔ Open your free trading account with Huobi now

(Risk warning: 75.59% of retail CFD accounts lose)

Huobi Global Customer Support

Huobi Global offers several options for customer support. They have a comprehensive help center with articles and FAQs on various topics, such as account verification, deposits, withdrawals, and trading. They also offer a ticket system for users to submit specific issues or questions. Additionally, they have a live chat feature for quick support during business hours, as well as a Telegram group for community support. Phone support is not currently available. Overall, Huobi Global offers a good range of support options for users, but the availability of phone support would be an added convenience.

 

 

Huobi customer support chat
Customer Support Chat on Huobi Global

 

 

Huobi Global Review Closing Thoughts

In conclusion, Huobi Global is a well-established exchange that offers a wide range of trading options, including spot, margin, futures, and leveraged ETFs. The platform also has many advanced trading tools, such as a wide variety of order types, a sophisticated charting system, and a trading bot. Huobi also offers a number of other services such as staking, lending, and earning, as well as educational resources through Huobi Learn. The exchange has a high level of security and compliance, and a robust customer support system. The platform also has a clean and user-friendly interface, making it easy for both novice and experienced traders to navigate. Overall, Huobi Global is a strong option for traders looking for a comprehensive and reliable exchange.

➔ Open your free trading account with Huobi now

(Risk warning: 75.59% of retail CFD accounts lose)

 

 

 

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