About Huobi exchange

▎Huobi Exchange: A Comprehensive Overview

▎Introduction

Founded in 2013, Huobi is one of the leading cryptocurrency exchanges in the world, known for its robust trading platform and a wide range of digital assets. Originally based in China, Huobi has expanded its operations globally and now serves millions of users across various countries. This article delves into the features, benefits, security measures, and overall reputation of Huobi as a cryptocurrency exchange.

▎History and Background

Huobi was established by Leon Li, who aimed to provide a secure and efficient platform for trading cryptocurrencies. Initially focused on the Chinese market, Huobi quickly grew in popularity, becoming one of the largest exchanges by trading volume. In response to regulatory changes in China, Huobi restructured its operations and expanded internationally, launching offices in Singapore, Japan, and the United States.

▎Key Features of Huobi Exchange

▎1. Wide Range of Cryptocurrencies

Huobi offers a diverse selection of cryptocurrencies for trading, including major coins like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as numerous altcoins. This extensive variety allows traders to explore different investment opportunities and diversify their portfolios.

▎2. Advanced Trading Options

The platform supports various trading options, including spot trading, margin trading, futures trading, and options trading. This flexibility caters to both novice traders looking for straightforward transactions and experienced traders seeking more complex trading strategies.

▎3. User-Friendly Interface

Huobi’s user interface is designed to be intuitive and accessible for users of all experience levels. The platform provides advanced charting tools, real-time market data, and customizable trading views to enhance the trading experience.

▎4. Security Measures

Security is a top priority for Huobi. The exchange employs multiple layers of security protocols, including two-factor authentication (2FA), cold storage for the majority of user funds, and regular security audits. Additionally, Huobi has an insurance fund to cover potential losses from security breaches.

▎5. Liquidity and Volume

As one of the largest exchanges in the world, Huobi boasts high liquidity and trading volume, which is crucial for traders looking to execute large orders without significant price slippage. This liquidity also helps maintain stable prices across various trading pairs.

▎6. Huobi Token (HT)

Huobi has its native utility token called Huobi Token (HT). Holding HT provides users with various benefits, including reduced trading fees, access to exclusive events, and participation in token sales on the Huobi platform.

▎Fees and Charges

Huobi operates on a tiered fee structure that varies based on the user’s trading volume over the past 30 days. Generally, trading fees range from 0.1% to 0.2% for makers and takers. Additionally, withdrawal fees depend on the specific cryptocurrency being withdrawn.

▎Customer Support

Huobi offers customer support through multiple channels, including live chat, email support, and a comprehensive help center with FAQs and tutorials. The support team is available 24/7 to assist users with any issues they may encounter while using the platform.

▎Regulatory Compliance

Huobi takes regulatory compliance seriously and has worked to align its operations with local laws in various jurisdictions. The exchange has obtained licenses in several countries and continues to adapt to changing regulations in the cryptocurrency space.

▎Pros and Cons of Huobi Exchange

▎Pros

• Wide Range of Cryptocurrencies: Offers a diverse selection of digital assets for trading.
• Advanced Trading Features: Supports various trading options suitable for all types of traders.
• High Liquidity: Ensures smooth transactions and minimal price slippage.
• Strong Security Measures: Implements robust security protocols to protect user funds.

• User-Friendly Interface: Designed for ease of use, making it accessible for beginners.

▎Cons

• Geographical Restrictions: Some countries may have limited access to Huobi’s services due to regulatory issues.
• Complexity for Beginners: While the interface is user-friendly, the range of advanced features may be overwhelming for new traders.
• Withdrawal Fees: Fees can vary based on the cryptocurrency being withdrawn, which may be higher than some competitors.

▎Conclusion

Huobi is a reputable cryptocurrency exchange that offers a comprehensive range of features for both novice and experienced traders. With its strong focus on security, liquidity, and regulatory compliance, Huobi continues to be a popular choice in the ever-evolving cryptocurrency landscape. Whether you are looking to trade major cryptocurrencies or explore altcoins, Huobi provides a reliable platform to meet your trading needs. As always, potential users should conduct their own research and consider their individual circumstances before engaging in cryptocurrency trading.

Is Huobi a safe exchange?

Huobi is an amazing cryptocurrency exchange platform. It offers top-tier security features, with the vast majority of your funds being kept in cold storage devices.

Which country is Huobi global exchange?

HTX, formerly known as Huobi, is a Seychelles-based crypto exchange founded in 2013, offering a comprehensive suite of services, including spot and derivatives trading, staking, and lending.

What are the top 3 crypto exchanges?

As of today, we track 218 crypto exchanges with a total 24h trading volume of $271 Billion, a -1.71% change in the last 24 hours. Currently, the 3 largest cryptocurrency exchanges are Binance, Bybit, and Coinbase Exchange.

Which countries are banned from Huobi?

Huobi said in its user agreement that users from nine jurisdictions are prohibited from using its services, including mainland China, U.S. and Singapore, while users from 13 jurisdictions are banned from trading in derivatives, including the U.K., New Zealand, and China.

Is Huobi better than Binance?

Binance vs Huobi cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.6, while Huobi gathered an overall score of 8.2. If we look at the ease of use, it’s clear that in this Binance vs Huobi comparison, Binance has better & smoother user experience than Huobi.

Is Huobi legal?

Huobi Global has also been directed to cease circulating, publishing or sending any advertisements, whether in email or on social media platforms, to Malaysian investors. The regulator had already placed Huobi on its on its investor alert list for operating illegally in Malaysia back in August 2022.

Who is the owner of Huobi?

Leon Li

Huobi was founded in 2013 by Leon Li (Chinese: 李林; pinyin: Lǐ Lín). An alumnus of Tsinghua University, Li was a computer engineer at Oracle before founding Huobi. On May 15, 2013, the Huobi Group (火币集团) acquired the huobi.com domain.

What countries are banned from HTX?

Mainland China, Hong Kong,China, Macao,China, Cuba, United States of America, Iran, Canada, North Korea, Japan, Sudan, Syria, Venezuela, Singapore, Crimea (Russian-annexed), Russian Federation, United Kingdom, Democratic Republic of the Congo, Vanuatu, Uganda, Turkey, Trinidad and Tobago, Panama, Pakistan, Nicaragua, …

Does HTX work in Iran?

USERS FROM THE FOLLOWING JURISDICTIONS ARE PROHIBITED FROM USING ALL SERVICES: MAINLAND CHINA, THE UNITED STATES OF AMERICA, CUBA, IRAN, NORTH KOREA, SUDAN, SYRIA, VENEZUELA, HONG KONG CHINA , SINGAPORE AND MYANMAR.

Does Huobi work in USA?

Huobi is not available for US-based users. Luckily, they can use HBUS, Huobi’s US strategic partner. This exchange charges fees as low as 0.1 percent for an entire month.

What are the fees for Huobi trading?

Basic Maker’s and Taker’s fees are both 0.2%. But your commissions may vary depending on two factors, either an amount of HT (Huobi Tokens) you hold or a certain trading volume over the past 30 days. Say you hold more than 5000 HT, your Maker’s or Taker’s fee will be 0.07%.

Is Huobi exchange safe?

Huobi was never hacked, even though they do present a lucrative target for attackers, and we believe the exchange takes these threats seriously and does everything in their power to shield the exchange from hacks. Is also worth mentioning that Huobi does store user funds in cold storage to restrict access to them.

Can I withdraw from Huobi?

Navigate to ‘Balances’ and then to ‘Assets Overview’ from the main menu at the top of the screen. Click or tap on the ‘Withdraw’ button and select the token you want to withdraw. You will now be asked to enter the withdrawal address.

What happened to Huobi?

Huobi Ordered To Stop Operating in Malaysia. Malaysia’s securities regulator said Monday it has taken action against Huobi Global and its CEO, Leon Li, for operating a crypto exchange without prior registration.

How old is Huobi exchange?

Huobi Global was founded in 2013 in Beijing to provide a cryptocurrency trading platform for individuals in mainland China and beyond. 3 The platform quickly rose to become one of the three big crypto exchanges in China, providing ample liquidity to Bitcoin traders.

Is Huobi illegal?

In addition, the SC has ordered Huobi Global Limited to stop its operations in the country, including to disable its website and mobile application on several platforms such as Apple Store, Google Play and any other digital application platform.

Where is Huobi located?

Huobi Capital operates as an investment firm. The Company focuses investment in blockchain technology, digital currency, crypto assets, and more. Huobi Capital is located in China.

What is the new name for Huobi?

Dear Users, As the world’s leading virtual assets exchange, Huobi launches a refreshed branding strategy on September 13, 2023, where “Huobi” will be rebranded as “HTX”, our new global brand.