Cryptocurrency exchange Huobi
The Chinese trading platform is one of the largest exchanges in the global market and has a presence in many countries.
History
Since its founding in 2013, the exchange has operated exclusively in China. Tougher rules for trading digital assets led to the site’s expansion into the international arena. This is how the Huobi Global platform emerged, led by founder and director Leon Li and his partners Robin Zhu, Roy Zhu and Simon Wu.
Cryptocurrencies and trading pairs
The exchange’s listing includes 340 coins, which make up over 900 trading pairs.
Exchange token
The company’s coin, Huobi Token (HT), was developed in 2018 to pay commissions. It can be used for trading with USDT, BTC, ETH.
Types of orders
Registered customers use four types of orders to trade cryptocurrencies: Trigger Order, Market, Stop Limit and Limit.
Terms and Conditions
Huobi users must be over 18 years old and not citizens of banned countries. Their list can be found in the user agreement.
Mobile App
A functional mobile app for Android and iOS is available for download from Google Play or the App Store.
Desktop app
As well as a web app there is software available for Mac OS or Windows to cope with an unstable internet connection.
Bonuses
The exchange offers new clients a welcome promotion for completing certain tasks for a period of time.
Spot Trading
Selling and buying of Coins is done with a user account that must be funded on a timely basis.
Margin Trading
Same risky way of getting rich as the spot version, but with a smaller selection of pairs. This tool gives access to 5x leverage.
Trading bot
This option is suitable for traders and investors who do not want to analyse the market. Parameters and algorithms of this tool are customizable.
Derivatives Futures
Provide a regulation to sell the coins later on, but at an initial price. The drawing up of exchange contracts determines the term, volume and specific type of transactions.
Options
The contract gives freedom of action to one party to the transaction while restricting the other. The Call option allows you to buy the coins at a predetermined price, but at a later date. Put allows you to sell in advance at the original price.
Swaps
Perpetual cryptocurrency derivatives allow you to trade on margin in the form of futures and earn short and long positions.
Cryptocurrency for fiat
A small exchanger supporting the most liquid coins allows for instant transactions using MasterCard or Visa bank cards.
Huobi Earn Stacking
Exists to manage assets with a portion converted to fixed or flexible income.
Account replenishment
Transactions are made through the cashier, which is activated at the moment of account registration. Deposits are accepted in cryptocurrency and fiat money.
Commissions and limits
There is a daily withdrawal limit of 0.1 VTB for unverified users. The amount of limits depends on the type of coin or fiat currency.
Technical support
There is no 24-hour feedback on the website. The lower right screen has a button with the transition to the FAQ section that provides answers to the most pressing questions.
Security
Personal data and assets are secured through two-factor authentication, third-party account authorisation, mobile number linking, OTC payment password and anti-phishing code.