Huobi Review 2023: Best and Safest Crypto Exchange?
Huobi is one of the cryptocurrency exchanges that are gaining lot of popularity in just a very short time.Huobi exchange was started in Beijing, China with its headquarters based here. Huobi which is shown as H on exchanges is known to have a great reputation and good technology standards. It’s currently owned by Huobi Pro, formerly known as Huobi Global.
Take a look at our in-depth analysis of this broker.
What is Huobi?
Huobi is a Singapore-based crypto exchange that was founded in 2013. It’s one of the top three exchanges in China and the world, with over $1 billion in daily trading volume. It has over 500 coins listed on its platform and supports both USDT and the native Huobi token (HT).
In addition to its exchange services, which are available for free, Huobi offers a variety of other products and services for users: an index fund, a payment gateway that allows users to buy and sell cryptocurrencies using their credit card or bank account, a wallet service (Huobi Wallet), an app store (Huobi App Market), an incubator program for startups, and more!
Is Huobi Safe?
One of the most important things about any crypto exchange is how safe it is for your money. Any exchange that doesn’t have security measures in place will be hacked – it’s just a matter of time. If you keep your assets on an exchange like this, they could be stolen at any moment.
Luckily, Huobi has some great security measures in place! They use SSL encryption technology and their own private key management system called “HADAX Key Management System” (KMS). This means that all of your information is encrypted before travelling over the internet or being stored on servers where hackers might be able to get at it.
Take a look at our in-depth analysis of this broker.
How to Trade on Huobi
Huobi has two main platforms for traders: a web platform for desktop users and mobile apps for iOS and Android users. The web platform allows you to trade cryptocurrencies on Huobi’s spot market, while the mobile app lets you trade coins against each other on Huobi’s derivatives market. You can also use both platforms simultaneously or separately depending on your preferences.
In addition to its main trading platforms, Huobi also offers a subscription service called HADAX (Huobi Autonomous Digital Asset Exchange). This platform allows users to vote on which tokens will be listed on Huobi Pro (the main exchange) by using their HT tokens which they have earned through holding HT tokens on HADAX or by simply spending them in order to vote with them.
To open an account with Huobi Pro (or any other cryptocurrency exchange), you will need to provide personal details such as your full name, email address and country of residence. You may also need to provide ID documents such as your passport or driver’s license if your bank requires this proof-of-identity when setting up an account with them too!
Take a look at our in-depth analysis of this broker.
Pros of using Huobi.
Pros of using Huobi:
-High liquidity: Huobi has a high level of liquidity, which means that you can buy or sell at the best prices with ease and quickly.
-Easy to use: Huobi is user-friendly and easy to use. It also has a good design, so you don’t need to do much work before you start trading on it.
-High security: You can be sure that your funds are safe when you use Huobi as it uses advanced encryption technology to protect them from hackers or other intruders.
-Wide range of cryptocurrencies: Huobi offers many different cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), EOS, Tether (USDT), and many others.
Does Huobi accept deposits and withdrawals in USD?
Yes, Huobi does accept deposits and withdrawals in USD. You can access the deposit page by clicking on the ‘Deposit’ button at the top right corner of your screen. On this page, you will find all of your account information including balances and deposit addresses. Once you have deposited your funds, they will be available to trade and withdraw immediately.
How do I deposit money into Huobi?
If you want to deposit money into Huobi, you can do so through their web platform. The process is pretty straightforward. You’ll need to first open an account with Huobi if you don’t already have one. You can then go to the “Deposit” tab in your account and choose the currency that you would like to deposit. From there, you will be able to enter how much money you would like to send and where it should be sent from. Once that part of the process is complete, you will be given a wallet address where your funds should go once they are ready for withdrawal.
Take a look at our in-depth analysis of this broker.
How do I withdraw money from Huobi?
If you want to withdraw money from Huobi, you will need to go to your account settings. You can find your account settings in the upper right-hand corner of your dashboard.
Once you are in your account settings page, click on “Withdrawals”. From there, you will see a list of all of the currencies that you have deposited into your Huobi account and a place where you can select how much money you want to withdraw.
Once you have selected the amount you want withdrawn and clicked submit, Huobi will send an email with a link that will allow you to verify that withdrawal request. After submitting this verification form, Huobi will review the withdrawal request and process it within 24 hours if possible; however, sometimes it may take longer depending on how busy their support team is at any given time or if there are any issues with verifying your identity as required by law for certain countries like China (Huobi does not operate in China).
What security features does Huobi have?
Huobi has a number of security features that help protect your money and your privacy. First, it’s important to know that Huobi is a global exchange, which means that it’s not limited by the laws of any one country. That makes it harder for governments to shut down or interfere with the platform. Additionally, Huobi is a member of the Blockchain Security Alliance (BSA), which means they regularly work with other exchanges to make sure all their platforms are safe for users. They also offer two-factor authentication (2FA), which is an extra layer of security that only works when you enter both your password and another code from an app on your phone or computer—this helps prevent hackers from getting into your account even if they know your password.
The exchange is currently one of the safest and most reputable exchanges in the world.
Huobi is a centralized exchange. It allows you to trade cryptocurrencies for other cryptocurrencies or for fiat money. It does not allow trading using only fiat money. You need a cryptocurrency of your choice to be able to trade on Huobi. It has a good number of cryptocurrency trade pairs and you can use either US Dollar or Chinese Yuan to trade.
Take a look at our in-depth analysis of this broker.
| wdt_ID | # | SYMBOL | Forex Broker | Website | Year | Regulation |
|---|---|---|---|---|---|---|
| 1 | 1 |  | FBS | Open an Account | 2.009 | IFSC, CySEC, ASIC, FSCA |
| 2 | 2 |  | EXNESS | Open an Account | 2.008 | CySEC, FCA |
| 3 | 3 |  | OCTA FX | Open an Account | 2.008 | SVG |
| 4 | 4 |  | INSTA FOREX | Open an Account | 2.007 | VI FSC, CySec |
| 5 | 5 |  | FX OPEN | Open an Account | 2.008 | CySEC, FCA |
| 6 | 6 |  | AXI | Open an Account | 2.008 | CySEC, FCA |
| 7 | 7 |  | FX PRIMUS | Open an Account | 2.008 | CySEC, FCA |
| 8 | 8 |  | HFM | Open an Account | 2.010 | CySEC, FSC, FSB, FCA, BaFin, DFSA |
| 9 | 9 |  | FXTM | Open an Account | 2.011 | CySEC, FCA, IFSC |
| 10 | 10 |  | JUST FOREX | Open an Account | 2.012 | IFSC |
| 11 | 11 |  | CAPITAL.COM | Open an Account | ||
| 12 | 12 |  | TASTY WORKS | Open an Account | ||
| 13 | 13 |  | MOOMOO | Open an Account | ||
| 14 | 14 |  | AVATRADE | Open an Account | 2.006 | MiFiD, CBI, FSA, ASIC, SFB, BVI, ADGM, FSRA, CySEC |
| 15 | 15 |  | EASY MARKETS | Open an Account | 2.001 | CySEC, MiFID, ASIC |
| 16 | 16 |  | EIGHT CAP | Open an Account | 2.009 | ASIC, VFSC |
| 17 | 17 |  | FP MARKETS | Open an Account | ||
| 18 | 18 |  | HYCM | Open an Account | 1.977 | CySEC, FCA, MiFID, DFSA, SFC |
| 19 | 19 |  | ICMARKETS | Open an Account | ||
| 20 | 20 |  | IRON FX | Open an Account | 2.010 | FCA, ASIC, FSCA, CySEC |
| 21 | 21 |  | LITE FINANCE | Open an Account | ||
| 22 | 22 |  | REVOLUT | Open an Account | ||
| 23 | 23 |  | IG | Open an Account | ||
| 24 | 24 |  | MONETA MARKETS | Open an Account | ||
| 25 | 25 |  | AMARKETS | Open an Account | 2.007 | The Financial Commission |
| 26 | 26 |  | PEPPERSTONE | Open an Account | 2.010 | CYSEC, BAFIN, CMA, SCB, DFSA, ASIC, FCA |
| 27 | 27 |  | PLUS 500 | Open an Account | ||
| 28 | 28 | Open an Account | 2.014 | FCA UK, CySEC, FSA Seychelles | ||
| 29 | 29 |  | TMGM | Open an Account | ||
| 30 | 30 |  | TOP FX | Open an Account | ||
| 31 | 31 |  | TRADE NATION | Open an Account | ||
| 32 | 32 |  | TRADE 360 | Open an Account | 2.013 | CySEC |
| 33 | 33 |  | VANTAGE | Open an Account | 2.009 | CIMA, SIBL |
| 34 | 34 |  | VT MARKETS | Open an Account | ||
| 35 | 35 |  | XM | Open an Account | 2.009 | ASIC, CySEC, IFSC |