Infact, most of it’s trading pair selection targets Asian projects . Fees in line with others – The costs of trading at Huobi are currently set at 0.20% of the total transaction value. We may also receive compensation if you click on certain links posted on our site. They provide clients with a good selection of educational resources, along with a 24/7 customer service team. Currently, for US residents wire transfers are the only option. Sign into Huobi Global to find a range of information at your fingertips. Second, you can contact the team at [email protected]. Bank transfer, Credit card, Cryptocurrency, Debit card, PayID, SEPA, AUD, EUR, GBP, IDR, MYR, NGN, ZAR, SGD, UGX, ZMW. The Huobi group, which runs the exchange, was forced to move to Singapore in March of last year due to a series of restrictions on cryptocurrency trading and ICOs placed by the Chinese government. This Huobi exchange review has confirmed to us that Huobi is indeed a reliable and effective cryptocurrency exchange. A cryptocurrency exchange where you can buy BTC, ETH, BCH & XRP through bank transfer, credit card and more. It was formerly based in China but has moved around the world as regulations change in different locations. Based in the crypto-friendly, Singapore, Huobi is a multi-purpose cryptocurrency exchange. Huobi Global Review. Verification is not required to sign up on Huobi but is required to access higher withdrawal limits. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. You are about to post a question on finder.com: Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Users can deposit, trade, and withdraw digital assets on Huobi Global. . This is most likely because USD currency withdrawal and deposit services didn’t become available until January 4, 2019 for United States residents. The exchange stores around 98 percent of funds in cold wallets. You will receive a message to the specified phone number or email address. Huobi claims that its risk controls have been developed by the likes of Goldman Sachs. This reviewer states that the problem was caused by a technical error with Huobi’s 2FA. Author: Delton Rhodes, Please be careful not to provide a smart contract as your payout address, In case something goes wrong during the exchange, we might need a refund address so we can return your coins back to you, Available on iOS and Android, the Huobi mobile app features most of the functionalities available on the web platform. This means that you can buy and sell cryptocurrencies peer-to-peer on Huobi. I tried sending to a wallet address on Huobi, which was confirmed by Coinbase, Huobi lost it and then when I tried to contact support, I was trapped in an endless loop of automated messages. Like most exchanges Huobi has no fees on deposits. In 2020 they moved Huobi Global to the Republic of Seychelles. This involves paying a monthly payment of HT, which varies depending on the membership level (1-5). Huobi Exchange Review 2019: Is the Singapore-Based Exchange Safe? Huobi has been in operation since 2013. In contrast, Huobi also allows you to trade. The exchange is headquartered in Singapore and is known for its sheer number of coins available for trading. Customer support is available 24/7, and response times only take two to three hours on average. For example, BTC is around 3x. While Huobi has some complexity in its trading options, the fee structure has been kept simple. Twenty percent of net revenue that the exchanges gains from trades will go to this fund, which it will use to buy back Huobi Token (HT). Learn Bitcoin prices on Huobi… However, this issue did not relate to the security of Huobi. It also has a service called Huobi Security Reserve. Huobi is an Asian cryptocurrency exchange and it is considered as one of the largest digital currency exchanges operating in Asia. You can access this by going to the margin tab in the header. Still, this is still an innovative technical feature. However, the amounts are relatively low: a daily limit of $2,000 and a monthly limit of $10,000. the HR is terrible. One comment suggests that it was the result of a phishing scam. The exchange stores around 98 percent of funds in cold wallets. CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges. Maker fees are assessed when adding liquidity to Huobi’s order book via a limit order under the last buy trade price and above the last sell trade price. Huobi Exchange Review: Is the Singapore-Based Exchange Safe? The exchange even has a User Protection Fund Initiative. This review reflects their state in the early part of 2018. Overall, this means that Huobi fees are generally higher than most exchanges for lower withdrawal amounts. Compared to other exchanges, Huobi continues to excel from a security perspective. I feel like i was insulted when i was there. Initially, the exchange operated from Beijing and Singapore. Huobi’s coins are either paired to the USDT, BTC, ETH, Huobi Token (HT), and the Huobi USD-backed stablecoin (HUSD). Optional, only if you want us to follow up with you. Search the markets for your desired cryptocurrencies, and how much leverage Huobi offers offers for each. Various commenters have said that there is a lack of OTC offers. On almost all trading pairs both the maker and taker fee is 0.2%. Chairman Leon Li founded Huobi in 2013 with the Huobi Group as a digital asset exchange. You can even complete tasks like account registration and verification directly via the app. I don't know how she got her job, but just don't hire her in your company. The amount of leverage you can have varies from coin-to-coin. Compound: Which DeFi Lending Platform is Better? Many centralized exchanges serve as the sole, centralized market maker. To create an account at Huobi, go to the website and click “Sign up” at the top right of the screen. The best thing about Huobi is it provides a wide array of trading pairs. Huobi also requires l. evel 2 verification to access this feature. Singapore-based Cryptocurrency Exchange Huobi Spread Tentacles to Brazil. Superstar DJ Gareth Emery's NFT Debut: Lasers on the Blockchain, Space Yacht Founder LondonBridge: 6 Tips for NFT Creators. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, BTC, BCH, ETH, XRP, LTC, DOT, DASH, ETC, EOS, QTUM & 200+ more, Not so great for its wash trading accusations. Huobi has been in operation since 2013 and it says it follows industry best practices such as keeping ~98% of user funds in cold storage at any given time. You will be prompted to enter some details. The rate for fiat to crypto trades depends on whether you are placing an order (maker) or are taking an existing order (taker), and the currencies you are trading. Read original article at coincentral.com. You can download the app for iOS or Android. December 17, 2020 December 17, 2020 Meaning “currency” in Mandarin Chinese, Huobi consistently ranks as one of the world’s top ten largest exchanges by trade volume. Overall, this means that Huobi fees are generally higher than most exchanges for lower withdrawal amounts. This can be reduced through high trading volumes. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. The process took 2 weeks. This exchange is serving its users since 2013. For various locations throughout the world, you should check whether or not Huobi supports trading for your native currency. Trading Options Many centralized exchanges serve as the sole, centralized market maker. In this article, we look at everything you need to know as a potential Huobi user. A Huobi exchange review reveals that this cryptocurrency exchange serves millions of users in 130+ countries. The exchange assumes potential Blockchain creation would contribute to new types of digital assets emerging. Huobi was forced to leave the Beijing office in Q4 2017 amid the Chinese ban on cryptocurrency trading. Li studied automation while attending school at Tsinghua University before working as a computer engineer at Oracle. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. However, Huobi does have withdrawal fees and minimums that vary from coin-to-coin. Although Huobi can no longer be used in China, or the United States, the company still has a global presence with a focus on blockchain research and consulting. In January 2019, Huobi Global launched a tiered fee structure that significantly reduces fees for higher volume traders. Huobi Exchange Review: How Does the Seychelles-Based Exchange Stack Up? Besides the sometimes overly complex trading platform, it would appear Huobi can do a good job at meeting most trading needs, particularly at more experienced and high-volume levels. Many top exchanges suffer from large-scale hacks, with varying results in terms of trading volume afterward. Here’s a quick overview of the advantages and disadvantages of Huobi. You can find your limits on the withdraw screen when you are logged in. Find open orders, prices, depth charts and other market information on your trading dashboard. One thing you will notice is that withdrawal amounts vary greatly depending on your citizenship. Some of the top crypto-to-crypto trading pair options (by trade volume) include BTC-USDT, ETH-USDT, TRX-USDT, EOS-USDT and EOS-ETH. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Many consider this to be a rarity in the space. It also has a service called. Huobi Global Limited is a leading blockchain service provider that has been in operation since 2013. By 2017 Huobi spread to Korea, Singapore, and Japan. Credit card, Cryptocurrency, Bank Wire. If you are a margin trader, Houbi has a separate platform specifically for this. 27 document.addEventListener("DOMContentLoaded", function(event) { var numExchanges = 27; var noFiatCurrencies = "false"; if(numExchanges == 1) { var hotStatsBoxes = document.getElementsByClassName("hotStatsBox__paragraph"); for(var i = 0; i < hotStatsBoxes.length; i++) { var headerText = hotStatsBoxes[i].innerHTML; if(headerText.indexOf("Fiat") > -1) { if(headerText.indexOf("currencies") > -1 && noFiatCurrencies == "false") { hotStatsBoxes[i].innerHTML = headerText.replace("currencies","currency"); } } } } }); 219 document.addEventListener("DOMContentLoaded", function(event) { var numExchanges = 219; var noFiatCurrencies = "false"; if(numExchanges == 1) { var hotStatsBoxes = document.getElementsByClassName("hotStatsBox__paragraph"); for(var i = 0; i < hotStatsBoxes.length; i++) { var headerText = hotStatsBoxes[i].innerHTML; if(headerText.indexOf("Crypto") > -1) { if(headerText.indexOf("currencies") > -1 && noFiatCurrencies == "false") { hotStatsBoxes[i].innerHTML = headerText.replace("currencies","currency"); } } } } }); Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. The exchange even has a User Protection Fund Initiative. Huobi Global is a Singapore based cryptocurrency exchange founded in the year 2013 following the then increasing adoption of blockchain and cryptocurrencies, plus the need to have platforms where various crypto coins and tokens could be traded. The company moved to Singapore and has been quickly designing its global expansion plans, including offices in South Korea, the United States, and Japan.. Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support. We are not a product issuer, credit provider or financial advisers nor are we a credit intermediary or broker. What's the verification process for Huobi? First, you can utilize the chat app that is available directly on the Huobi trading platform. While, Step 3: Confirm your phone number or email. Compared to most exchanges, Huobi has above average customer service experience. A few exceptions exist. The post Huobi Exchange Review: How Does the Singapore-Based Exchange Stack Up? Huobi can be a great exchange for the savvy trader that likes to trade spot, margin, and contract trades. There are two main methods that you can use to reach customer support. Place buy or sell orders on the Huobi fiat market to buy and sell BTC, ETH, USDT and more with a wide range of different fiat currencies. Nowadays they are operated mainly from Singapore, but there was a transitional period when they were registered on the Seychelles. Read original article at coincentral.com. There are three major crypto markets for trading pairs (USDT, BTC and ETH) and one major fiat market (USD) for the US market. We are an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. They offer 190+ cryptocurrency pairs and access to just short of 400 markets. Superstar DJ Gareth Emery’s NFT Debut: Lasers on the Blockchain. Huobi is a global exchange, but does not allow users from the United States and may bar residents of other countries as well. Network fees apply to cryptocurrency deposits and withdrawals, while fiat currency fees will vary depending on the payment method and the currencies. Let’s examine fees, fund security, customer experience and more. Users also have the option to reduce trading fees on Huobi by becoming a VIP member. Twenty percent of net revenue that the exchanges gains from trades will go to this fund, which it will use to buy back Huobi Token (HT). However, this issue did not relate to the security of Huobi. It claims to have an “investor protection fund” which can be used to reimburse affected users in the event of a hack. A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins. Also, 3x-leveraged crypto-markets with around 40 pairs in BTC and USDT are also available. Click Here to Visit Huobi Global Huobi claims that its risk controls have been developed by the likes of Goldman Sachs. This is most likely because USD currency withdrawal and deposit services didn’t become available until January 4, 2019 for United States residents. Huobi Exchange Review: How Does the Seychelles-Based Exchange Stack Up? While we are independent, we may receive compensation from our partners for featured placement of their products or services. The number of confirmations required for deposits varies depending on the cryptocurrency. The number of confirmations required for cryptocurrency withdrawals varies, but it will typically take more confirmations than deposits. Check out our full list of pros and cons or read on. USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more. Many top exchanges suffer from large-scale hacks, with varying results in terms of trading volume afterward. Huobi Review. In comparison, other top exchanges like Binance have 0.1 percent fees. ! Meanwhile, GDAX has 0.3 percent fees. In the future, more digital currencies will be issued to meet various investment demands. Download the official App on Huobi Global and find the most comprehensive market information on digital currency trading and investment on the Huobi exchange. Huobi as a word in Mandarin means “currency” which literally explains Huobi exchange as a currency exchange platform. At the beginning of 2019, HBUS Marketplace rebranded to Huobi. Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD. The withdrawal limits will similarly vary depending on the currency or cryptocurrency being withdrawn, and whether or not you are a verified user. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. However, in December 2018 and January 2019, some users have said that the Android app won’t let them login due to an error with Captcha. Trade cryptocurrency to cryptocurrency on eToroX, an exchange arm of the popular eToro trading platform. We may receive compensation from our partners for placement of their products or services. Meaning “currency” in Mandarin Chinese, Huobi consistently ranks as one of the world’s top ten largest exchanges by trade volume. Conclusions For Huobi. Nonetheless, it is an attractive option for potential users. Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs. Delton Rhodes Meaning “currency” in Mandarin Chinese, Huobi consistently ranks as one of the world’s top ten largest exchanges by trade volume. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. The exchange is mainly Asian markets focused and has offices in Hong Kong, Korea and Japan. Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange. AdvCash, Cryptocurrency, SWIFT, Wire transfer, GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more. Huobi Review FX Empire Editorial Board Headquartered in Singapore, Huobi Pro describes itself as a ‘digital asset exchange’, rather than simply a cryptocurrency exchange. Offering extensive spot markets, with a variety of Altcoins and ERC20 tokens paired across BTC, ETH, USDT and Huobi’s own ERC20 token, HT (Huobi Token). In other words, you probably will only see the fiat currency that is used in your current location. reduce trading fees on Huobi by becoming a VIP member. If you choose this option, Huobi asks that you use the registered email address associated with your Huobi account and include your user ID. Let’s examine fees, fund security, customer experience and more. with Huobi’s 2FA. On the Apple App Store, Huobi boasts an average rating of 4.9 stars out of over 4,800 reviews. First, you can utilize the chat app that is available directly on the Huobi trading platform. Huobi.com is a world-leading Bitcoin exchange that provides market information of a variety of cryptocurrencies, including USDT, BTC, ETH, EOS, XRP, LTC, etc. The base crypto to crypto trade fee is 0.2% for all pairs. Huobi reported a DDOS attack in 2015 but this did not cause a security breach. In 2015, a Bitstamp hacker withdrew 12,000 BTC from Huobi. You can contact Huobi customer service via the details provided in the Huobi help centre. If you are in the US, for example, you probably won’t see the option to trade Australian Dollars (AUD) on the Huobi platform, but you will probably see an option for USD and vice versa. BlockFi vs. Celsius Network: What's the Better Crypto Interest Account? By. As part of this, the exchange plans to store 20,000 BTC for insurance. The next step is to enter your details, including nationality, your choice of password, and either your email address or phone number. For example, TUSD has a withdrawal minimum of $20 but a withdrawal fee of only $2. Like most exchanges Huobi has no fees on deposits. We may also receive compensation if you click on certain links posted on our site. As of January 28, 2019, the only options for USD trading are BTC, USDT, and ETH. For example, withdrawing Bitcoin (BTC) costs 0.001 BTC, with a minimum withdrawal amount of 0.01 BTC. Derivatives Huobi Global’s derivatives trading market supports four features . finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Yes. In Google Play, the Huobi Global app has an average rating of 4.1 stars out of 3,730 reviews. Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill, EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more. Bank transfer, Credit card, Cryptocurrency, Debit card. Today I’m doing a Huobi review. Huobi makes their platform a seamless experience, not only between the various markets available, but with their mobile application as well.
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