Huobi Review Is Huobi Actually Legit?
If you’re interested in launching your own online business, you may be interested in looking into Huobi. The company is a crypto-based investment platform that offers a variety of services, such as mining, exchange, and more. But, you may be wondering if this is a legitimate. In this article, we’ll discuss the most important issues you should consider prior to deciding to use the service.
Overview
It is the Huobi platform is one of the most popular exchanges around the world. With over 3 million account holders on active accounts, it offers an array of features.
Huobi has a variety of security measures to guarantee user security. Two-factor authentication (also known as 2FA) helps add a further layer of security. Additionally, it has an assurance policy that protects its customers.
Huobi offers a range of cryptocurrencies which include Litecoin along with Bitcoin. Trading fees are very competitive. Additionally, Huobi provides margin trading which means you can buy the currency without having to undergo any complicated computational procedures.
Huobi is located in Singapore. In addition, it has offices in various countries. This includes Thailand as well as Japan.
Huobi’s user base spans in 130 nations. Users can use Huobi’s exchange using the web browser or mobile app. It is also possible to contact the company’s customer support representatives or send them an email.
Huobi’s website is simple to navigate. It’s well-organized and offers information about market depth data and price feeds. In addition, it provides a comprehensive FAQ section.
Huobi was working closely with Chinese Blockchain startup Nervos. Since November of this year, the company created a testnet for their project.
Who is the Huobi?
Huobi is among the largest cryptocurrency exchanges in the world. It has a broad range of trading options as well as security features. This makes it a popular option for both professionals and newcomers alike.
Huobi has offices across a variety of countries. The company was founded in China and expanded internationally. Their principal office is located in the Seychelles, a location that is well-known for its crypto-friendly regulatory environment.
Huobi offers separate platforms for futures and spot trading. In addition to providing leverage for spot crypto, it also provides tools to automate strategies.
Huobi has two-factor authentication, as well as the Whitelist safety feature. The former lets traders create the list of the addresses they wish to withdraw from. The latter is an effective security feature that prevents unauthorised users from accessing their accounts.
Huobi also offers users with access to the OTC market. This market allows peer-to-peer trading, and also gives traders more flexibility to decide price for themselves. Traders are also able to set the timeframes they want to use.
Huobi recently focuses on stable currencies backed with the US dollar. Stable coins are less volatile and carry less market risk.
How does it work?
Huobi is among the largest cryptocurrency exchanges in the world. It has a reputable history and provides a wide range of services. The company is located in Singapore.
In order to create accounts on this platform, you must first verify your nationality and legal name. You will also need to give a residence address and the number of your phone.
Additionally you’ll need to include two-factor authentication (or 2FA) to your account. This will enhance the security of your account and give you sense of security.
While you are at it you could also purchase an insurance policy which covers your money. The security measures taken by the firm are of top quality.
But, there are some negatives with the business. One is its strict withdrawal limits. These limits differ based on the market situation. For example, Litecoin has a withdrawal limit of five per day, whereas Ripple (XRP) is a cryptocurrency with an annual withdrawal limit of 2500.
Another drawback is the withdrawal fee charged by the exchange. The fee is not fixed and depends depending on which currency you select.
Does it count? Legit?
If you’re looking for a safe, secure and reliable site to trade, Huobi is one of the top options. Huobi offers a broad range of crypto assets and coins, along with the requisite tools that facilitate trading.
In the last few decades, Huobi established a reputation for itself. While many exchanges have been shut down or are only starting to roll out the latest features, Huobi has survived and is now among the most reliable cryptocurrency exchanges there.
One of the benefits of trading on Huobi is that the site is accessible via a broad variety of platforms. It is possible to use the desktop, mobile app and even you browser.
The company employs a mix of cold storage devices as well as an architecture that is distributed to make sure that your funds are safe. However, it’s not always a good idea to save your entire assets with the company. If you’re not willing to go an extra mile, you should keep your digits in a wallet that is physically stored.
However, you should also be aware that Huobi has its faults. It has, for instance, a max withdraw limit for withdrawals of 2.5 for Ethereum in addition to 0.6 for BCH.
History
Huobi is among the largest cryptocurrency exchanges in the world. It provides a vast array of trading and crypto assets as well as pairs. Apart from traditional trading, it also offers derivatives markets and OTC trading. It is represented in Korea, Singapore, Hong Kong and the US.
Since its inception 2013 Huobi has proven to be a pioneer in the field. Although its focus was initially on its Chinese market, its team was aware that they could make an impact in other regions as well. So, they started exploring the markets in Asia and Japan.
One of the most important features of the platform is the ability to borrow and lend using the Huobi Loans feature. Users can use this feature to collateralize their own cryptocurrency assets and earn interest on loaned funds.
Another unique feature is the User Protection Fund. This fund acts as insurance for customers in the event of unforeseeable events.
For security reasons Huobi also utilizes two-factor authentication (also known as two-step authentication) for its platform. To log in, users will be asked to input a username and password. They will also be asked to provide additional details such as a phone number.
Features
Huobi is a cryptocurrency exchange. Established in 2013, it has since grown to become an important player in the field thanks to its excellent services and features. It offers a variety of financial services, including spot and futures crypto trading as well as staking and lending.
Huobi’s website is simple navigate and contains many useful tools for users. The platform is accessible on desktop and mobile. With over 1000 crypto pairs, traders can trade on the go.
Huobi provides two-factor authentication, which allows users to secure their accounts by using the help of a code and password that they can get from their phones. Customers can also set up a “Whitelist” to limit access by anyone who is not authorized.
Huobi provides a protection for users fund which guarantees compensation for any losses caused by cryptocurrency assets. This feature is designed to protect against unexpected events, so your funds are safe.
Huobi also provides an innovative staking product, The Dual Currency Investment. The product lets users gain more BTC. Through staking, users can maximize their gains while minimizing the risk.
Huobi’s wallet is highly secure, using advanced technology to ensure secure asset management. Users are also able to backup their wallet using several backup options.
Services offered
Huobi is among the most prominent digital asset exchanges around the globe. It has been operating since 2013 and provides a platform for trading different cryptocurrency. The company has a huge customer base and is expanding to several nations.
In addition to its trading platform, Huobi offers a wide variety of other options. They include a lending platform, an insurance policy, as well as an option for crypto loans.
Huobi provides a variety of security features and enjoys an extensive user base. Users have access to two-factor authentication for transactions.
Another benefit is another one is the User Protection Fund. The fund is an insurance policy that safeguards traders’ assets during trading. There are a variety of channels to contact the customer support department which includes a telephone number and an online chat.
Huobi provides a wide range of cryptocurrencies supported that include bitcoin, Litecoin, and Ethereum. They also offer the margin trade, spot trading, along with derivative products.
The site has a variety of functions, including an educational section. It aims to provide professional digital-assets transaction services.
Supported Coins
Huobi is among the largest and most popular crypto exchanges in the world. It offers an extensive list of cryptocurrencies and tokens which include ICO coins. It also provides its users with an array of margin trading options.
Huobi is a company with more than 1,300 employees , and several offices across various countries. Huobi offers a range of services and its website is simple to navigate, and has charting tools.
Huobi accepts more than 100 cryptocurrency, as well as many ICO tokens. Huobi stipulates that traders must confirm their citizenship to ensure that they are not from a country that prohibits the use of cryptocurrencies.
Huobi Global has over $4 billion daily in trading volume, and also provides 24-hour customer support. Users can also purchase an insurance policy to ensure their assets are protected. Investors are also able to access educational materials about the industry.
Huobi is a global network with partnerships in 12 countries. Users can choose from a range of cryptocurrency, and the exchange accepts two FIAT currencies.
Pros
Huobi is a well-known cryptocurrency exchange that has some attractive features. It’s a great choice for beginner and mid to advanced traders.
One of the main attractions of the exchange is the wide array of options available for users. Huobi provides over 350 cryptocurrency including some lesser-known ones too. The exchange offers a long number of security features such as two-factor authentication in SMS messages, multi-signature protocol and cold storage devices.
The Huobi site has a modern style and is simple to navigate. There are a wide variety of payment options, however some are not supported in every country.
Aside from the exchange however, there are other financial services offered by Huobi including the ability to borrow money and a wallet. These may not be as easy or secure as the other options out there but they provide some convenience.
For those who need some assistance There’s a handy help section on the website, as well as an extensive section on education. You can find videos, articles, and the FAQ page.
Cons
Huobi is a top digital asset exchange and wallet provider. The exchange is available in more than 130 countries across the globe. It has locations located in Japan, Hong Kong, and South Korea.
Huobi offers an excellent selection of markets for trading. There are more than 300 currencies that it can exchange. This platform is great for beginners and experienced traders. There are however some negatives to be aware of before making a decision.
Huobi offers a wide range of features that improve the user experience overall. For example, the interface is modern and sleek, while the site loads very quickly. The platform also includes a section for education which includes articles about investing. There are also Subreddits, Instagram along with Telegram channels that will keep you informed on the latest crypto news.
Another aspect that makes Huobi an excellent alternative for new users is the possibility to cash out loans. You can make the withdrawal using your credit card to withdraw funds using a debit card. In addition, Huobi has a rewards system for customers. Traders get a reward on their first deposit, receive discount on fees on specific HT holdings, and get daily rewards.
KYC
Its Huobi platform is an excellent option for people seeking to trade digital currency. The platform offers a vast array of markets, including more than 350 cryptocurrencies. Additionally, they provide tools to help you trade.
If you are interested in joining Huobi, or join the Huobi platform, you first need to complete their KYC process. This is done through a safe and secure portal. You’ll be asked to upload a photo of your identity documents. Depending on your location you might be required to submit additional documents.
The verification process will take about 10 minutes to finish. After you complete the verification, you’ll be able to buy cryptocurrencies. There are four coins that are stable to pick of: BTC, ETH, LTC, and Litecoin.
Once you’ve chosen your option, you will be asked to choose the payment method you prefer. You can use credit cards, bank transfers, or international wires. Some banks may not allow withdrawals or deposits.
Huobi has various security precautions in place, like a multi-signature security method. That means multiple individuals are required to sign off on each withdrawal. To provide an additional level of protection you can sign up for two-factor authentication.
Trading
If you are looking to trade within the crypto market, Huobi might be the option to choose. Huobi has gained an impressive reputation in the field and is a safe place to invest. It is known for its top-quality cyber security.
One of the more impressive features of Huobi is the User Protection Fund. It aims to protect customers from unexpected losses. The traders are required to upload identification documents before recouping their funds. This is an important benefit for many users.
Apart from their exchange service, Huobi has additional services. They also offer loan, coin derivatives and staking. Customers can also get VIP account tiers based on their EXPs.
While Huobi has many features, it’s difficult to choose a favorite. Most of the time you’ll have the same experience across the board. However, there are some notable variations.
For instance, the Huobi trading bot operates automatically and has a built in price range calculator. Additionally, Huobi offers a wide variety of cryptocurrencies. While there are plenty of other exchanges available, Huobi stands out.
Fees
Huobi is a crypto exchange that provides a wide range of options, including margin trading and staking. It’s also a secure exchange for trading on. However, it does have some downsides.
For example, Huobi does not offer a platform for US citizens. But, the company has plans to expand in the U.S. By 2020 US residents will also be able to trade with the exchange.
Positively, Huobi has been diligently working to be compliant with the rules of the US that should allow them to become an international leader in the exchange market. Huobi is currently a part of the Blockchain Transparency Institute, which requires strict AML procedures.
Another benefit for Huobi is the fact that it comes with the API platform that allows skilled traders to automate their strategies. Huobi also has instruments for making chart patterns. For traders who don’t have time to study the most current news or indicators can use the site’s charting interface for a simple interface.
The most crucial features offered by Huobi is the User Protection Fund, which is an insurance protection for users. In the event that your accounts are compromised due to hackers Huobi will reimburse you with the equivalent amount of money.
Limits
Huobi is a leading cryptocurrency exchange that offers traders with a variety choices for trading. Huobi isn’t just an online marketplace to buy and sell digital currencies as well as a platform for trading derivatives and futures.
At present, there are over 600 different digital currency listed on Huobi’s exchange. These include Bitcoin, Ethereum, and many more. These currencies can be purchased via the website. Customers can make purchases using debit cards, credit cards, bank transfers or even popular payment applications like PayPal as well as Apple Pay to make instant purchase of crypto.
The Huobi exchange features a professional and user-friendly interface. It is able to distill a vast amount of information quickly and efficiently. Additionally, it has an extensive API stack that assists experienced traders to streamline their strategies.
There are two kinds of offers at Huobi that include withdrawal and deposit offers. These are offered for a short period of time. For deposits, users can take advantage of the deposit limit of USD 1,000.
Withdrawal limits vary for different users. People who have already verified their identity are allowed to take up to 100 BTC every 24 hours. Non-verified users can withdraw up to 0.1 BTC per day. Depending on the amount of the money that is withdrawn, interest rates might be applicable.
Security and Safety
Safety and security are of the utmost importance for a cryptocurrency exchange. Happily, Huobi has done a great job of improving security for its customers. Through the use of a variety of similar to bank security precautions, Huobi ensures safe transactions.
In 2018 Huobi Global launched the Investor Protection Fund. This fund provides protection to investors in the event of trading risks. The fund is also a way to ensure that funds are safe from threats from outside.
The company’s risk control strategy is growing. Alongside its Anti-Romance scam strategy, Huobi is educating its customers on the possibility of scams. This includes sending out alerts to beware via SMS or email.
Users have to go through a sophisticated authentication to be permitted to trade on Huobi. Huobi requires two-factor authentication on all accounts. If the user’s identity cannot be verified then they won’t be able access their account.
Huobi also offers multiple backup options to users. They include the Cold Wallet, which is an offline device for storing assets. In contrast to hot wallets cold purses are not susceptible to hacking and theft.
Huobi’s Cold Wallet also provides an additional layer of security for assets. Furthermore, the application allows users to include various backup options to the device which makes it less susceptible to hacking.
Customer Support
This are a listing of notable names in the field of digital coins. The names listed above aren’t necessarily exclusive. Nevertheless, there is plenty of rivalries for the top spot. However, the good news is that this competition isn’t as fierce as it may seem. This is good news for those in the know. In particular Huobi Group’s top players are in for a bump. There’s been an uptick in both the amount of new signups and the rate of signups already in place. It’s the time to shine. Hopefully, the above list of worthy contenders will win the award at the conclusion of the evening. If you’re hoping to gain an edge on the other competitors, now is the perfect time to take action fast. Your manner of conduct is top-of-the-line.