This bitcoin exchange is not available in the United States or Japan. This exchange provides access to approximately 350 cryptocurrencies for buying, selling, and trading, along with margin and futures trading, trading bots, over-the-counter (OTC) trading, and staking crypto assets to receive incentives. It also offers loans to borrow against your crypto holdings. As one of the largest global exchanges with reasonable trading fees, Huobi Global is a great option for moderate and advanced traders, as well as institutional investors.
Company Overview
Leon Li launched Huobi Global in 2013, and it was originally situated in China. Huobi Global’s headquarters were relocated to Singapore, then to the Republic of Seychelles, in 2017, after China’s crackdown on cryptocurrency exchanges. Huobi Global is available in most countries throughout the world, however, some nations, such as the United States and Japan, are not supported (though users in Japan can use Huobi Japan instead).
Huobi Global provides crypto-to-crypto trading with a broad number of supported assets and minimal trading costs. Limit, stop, and trigger orders, as well as margin and futures trading, are all available on the platform, which is targeted at active traders and institutional investors. Institutional traders possess access to OTC trade desks, derivatives, and specialist trading instruments.
Cryptocurrencies that trade on Huobi Global
Huobi Global provides customers with access to approximately 350 coins, making it one of the largest crypto exchanges in the world. Notable cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Polkadot (DOGE) (DOT). Frequently, new coins are introduced.
Huobi also has its exchange token, Huobi Token (HT), which entitles holders to fee reductions.
Trading Experience
Huobi Global provides advanced trading features including interactive charts, limit and stop orders, margin and futures trading, and more.
Users that trade on margin have a smaller pool of crypto to deal with, but they can leverage their trades up to 5x. Huobi Global’s futures trading platform allows users to trade supported cryptocurrencies long or short, as well as participate in perpetual swaps, a sort of derivatives transaction.
Fees
Huobi Global offers low fees for trading cryptocurrencies, but more expensive fees for purchasing cryptocurrencies with a credit or debit card. Trading costs must be paid, while deposits in fiat money (such as US dollars) are free.
Huobi Global Trading Fees
Huobi Global’s fees are calculated on a maker-taker basis, with reductions available for high-volume traders holding HT tokens. Depending on whether you’re a maker or a taker in the transaction, you’ll pay varying fees.
The fees associated with trading are separated into two categories: normal accounts and professional accounts. Professional accounts need a lot of trading activity (above 1,000 BTC every 30 days) and a lot of HT holdings (at least 2,000 total).
Security
Two-factor authentication (2FA), cold storage, and identity verification are all typical security measures offered by Huobi Global. It also has measures in place to help combat DDOS assaults, as well as a Bitcoin (BTC) reserve in case of any security breaches that result in customer assets being lost.
Opening a Huobi Global account
To open a Huobi Global account, you must be 18 years old and reside in one of the approved countries. The signup process for new users begins with the submission of an email address and a password. Users are required to verify their identification by supplying personal information such as their address and birthdate, as well as submitting a photo ID and a selfie after their account has been verified by email. It may take up to 7 business days for verification to be completed.
Users can deposit dollars or cryptocurrency and begin trading after verification. Customers can earn interest by staking crypto or depositing dollars into a Huobi Earn account, according to Huobi.
Customer service
Huobi Global provides customer care via email or live chat, and it is one of the few exchanges that provide chat help 24 hours a day, seven days a week. Live chat help, on the other hand, is only available on the Huobi mobile or desktop app, not on the Huobi website. Users can also use the website’s chatbot to input their phone numbers and have Huobi contact them directly over the phone.
Huobi Global has a large library of support articles, although they are disorganized. On its Huobi Learn portal, which is extremely large, it also offers educational articles and lessons.
The Final Word
Huobi Global is a fantastic exchange for non-US people who seek low-fee access to a wide range of cryptocurrencies. It allows users to trade on margin and in futures, as well as stake, lend, and deposit crypto for incentives. Additionally, it enables you to borrow money against your crypto assets.
Huobi Global, on the other hand, has received some negative feedback regarding identity verification challenges and the inability to withdraw funds. It’s also not a good choice for novice traders, as the default trading interface comprises a screen full of charts, current order books, and crypto jargon. Huobi Global is a good choice for experienced traders, but newbies should search elsewhere.
