Are you interested in cryptocurrency but need help figuring out where to start? If yes, you’re in the right place! Huobi Global is one of the leading cryptocurrency exchanges to start your cryptocurrency trading journey. But how good this trading platform is?
This Huobi Global review will explore everything about this exchange: what it offers, why it is good, and its security measures to safeguard user funds.
Note: Huobi Global crypto exchange has undergone a rebranding and is now also known as the “HTX” exchange.
- Huobi is one of the top cryptocurrency exchanges in the world with a daily trading volume of over $500 million in over 180 countries.
- Huobi Global provides various services and products to its users, such as spot trading, futures trading, margin trading, staking, lending, mining, Huobi wallet, and more.
- It has a high level of security and reliability, offering BTC security insurance funds to protect its users’ assets.
- The crypto exchange has a mobile app for Android and iOS users and supports easy deposit and withdrawal of cryptocurrencies.
Table of Contents
What is Huobi (HTX)?
Huobi is one of the world’s leading crypto exchanges, with a global presence in more than 180 countries and a daily trading volume of over $500 million. It was established in China in 2013 by Leon Li, a former Oracle computer engineer.
Huobi Global provides a range of services to its users, such as spot, margin, futures, copy trading, staking, crypto loans, and more. It also supports initial coin offerings (ICOs) and features over 606 digital assets and 690 trading pairs on its platform.
The exchange has a native token called Huobi Token (HT), which is used for various purposes, such as fee discounts, rewards, and access to exclusive events. HT holders can also join Huobi Prime, a platform that allows users to buy new tokens at discounted prices before they are listed on the exchange.
Huobi Global Exchange Pros
- High liquidity: Huobi is one of the highest liquidity crypto exchanges now, with an average 24h trading volume of around 1 billion, especially for BTC/USDT and ETH/USDT pairs.
- Many crypto options: Users can choose from over 606 crypto assets, including many new altcoins to trade on the exchange.
- Live chat support: It has a live chat feature that lets users contact customer service anytime. You also have 24/7 email support.
- Mobile app for iOS and Android: It has a mobile app that allows users to trade, deposit, withdraw, and use other features on their phones.
Huobi Global Exchange Cons
- Regional unavailability: Huobi is unavailable for US citizens because it is not registered with the Financial Crimes Enforcement Network (FinCEN).
- Crypto-to-Crypto trading: It is best for only crypto-to-crypto transactions due to lesser supported fiat gateways.
General Fee Structure
|Type||Spot Fee Rates||USDT-M Fee Rates||Coin-M Fee Rates|
Here is a brief overview of the HTX trading fees for each service:
- Spot trading: Huobi has a standard fee of 0.20% for both makers and takers. This fee is slightly higher than the average in the industry (0.1%).
- Futures trading: It has a maker fee of 0.02% and a taker fee of 0.05% for futures trading.
- Margin trading: The exchange has the same spot trading fee of 0.20% for both makers and takers in margin trading, plus an interest rate for borrowing funds. The interest rate depends on the currency pair and the loan duration.
Professional Trader Tiered Fee Structure
You can get a 25% trading fee discount using Huobi’s HT token. The discount applies to both makers and takers. You will also get a fee rebate depending on your 30-day trading volume.
Here is the complete fee structure of high-volume professional traders:
|Levels||30-day volume||Spot Maker Rates||Spot Taker Rates|
|Prime 1||≥ 10,000||0.16%||0.17%|
|Prime 2||≥ 80,000||0.14%||0.15%|
|Prime 3||≥ 500,000||0.1%||0.1%|
|Prime 4||≥ 3,000,000||0.08%||0.1%|
Step-by-Step to Register and Trade on Huobi?
Step 1: Create a Huobi Account
Go to Huobi’s official site and click “Sign Up”. You can create an account using an email address or a phone number. If you prefer to use your email, just enter your email address, create a password, and click Sign Up. Complete the anti-bot verification. After you finish the anti-bot verification, you will get a verification code in your email. Enter the verification code to finish the sign-up process.
Step 2: Verify Your Identity
Sign in to your account and complete the identity verification process. You will need to provide your personal details, such as your name, date of birth, nationality, and a photo of your ID document. This info is necessary for security and compliance purposes.
Step 3: Deposit Funds
After verifying your identity, you can deposit funds into your account. Click “Assets” at the top of the page and select “Deposit”. Choose the currency you want to deposit and click “Send Deposit Address”. You will see a QR code and an address that you can use to transfer funds from your external wallet or another platform.
Step 4: Start Trading on Huobi Global
Click “Exchange” at the top of the page and select the market you want to trade ( spot, margin, futures). You will see a cryptocurrency trading interface with various options and features.
To place an order, you can use the order form on the right side of the screen. You can choose between a limit order, a market order, or a stop-limit order. Enter the amount and price you want to trade and click “Buy”. You will see a confirmation pop-up window where you can review your order details and click “Confirm” to place your order.
Huobi Global supports a variety of payment methods ranging from credit and debit cards to bank transfers. Additionally, you can explore region-specific alternatives like Pix in Brazil and SPEI in Mexico. Some popular supported funding methods are:
- Visa and Mastercard
- Bank Transfers (only deposit)
- Wire transfer
- Apple Pay and Google Pay (Only P2P Market)
Supported Cryptocurrencies on Huobi
Huobi is a platform that offers many crypto options for trading. Users can buy and sell well-known coins like Bitcoin (BTC), Ethereum (ETH), and other lesser-known altcoins such as MANA, SAND, and ATOM. It currently supports 606 digital coins and 690 trading pairs. Here are some popular digital assets:
- Huobi Token (HT)
- Bitcoin (BTC)
- Ethereum (ETH)
- Tron (TRX)
- Axie Infinity (AXS)
- ApeCoin (APE)
- Filecoin (FIL)
- Decentraland (MANA)
- Polkadot (DOT)
- Shiba Inu (SHIB)
Supported Countries on Huobi
Huobi is accessible in most parts of the world, but not all. It supports over 180 countries, such as France, South Korea, Germany, Australia, Singapore, and Brazil.
However, it is restricted to the USA, Canada, China, and Iraq. The exchange has some limitations on derivatives trading in some countries, such as the UK and New Zealand.
Huobi Global Review: Key Features
1. Copy Trading
Crypto copy trading is a way of copying the trading strategies of experienced traders on the Huobi exchange. You can select a trader from the ranking, set the copy amount, and automatically replicate their positions in real-time. You can also unfollow a trader whenever you want. Huobi crypto exchange shows followers the total PnL ratio, trader’s PnL, and win rate to understand the expertise of the trader better.
It is a good option for both beginners and experts. As a beginner, you can copy the experts and gain from their skills and knowledge. If you are an expert, you can share your strategies with your followers and earn extra income.
Copy trading supports BTC and ETH futures products on Huobi. You need to have a USDT-margined futures account and transfer some USDT to your copy trading account. If you want to use API for copy trading, you can use platforms like Cryptohopper and 3Commas.
2. Trading Bot
Huobi offers grid crypto trading bots. The HTX trading bot is designed to make profits from small price movements within a specific range. They repeatedly buy low and sell high without human intervention.
To set up a grid trading bot on Huobi, you can either use the manual mode or the AI mode. In the manual mode, you have to set the parameters yourself, such as the upper and lower limits of the price range, the number of grids, the invested amount, and the stop loss. In the AI mode, the system will set the optimal parameters for you based on historical data. You only need to enter the investment amount.
3. Huobi Mobile App
The Huobi app enables you to trade, sell, and buy digital currencies on your mobile device. It has all the features of a desktop or web version. The app is available for both Android and iOS devices.
You can access over 606 cryptos, including well-known ones like Bitcoin, Ethereum, Solana, Cardano, Polkadot, and more. You can also use various fiat money and credit cards to purchase cryptos quickly. It also gives you price updates and alerts to track market movements. To download the Huobi mobile app, go to the Apple App Store or Google Play Store or scan the QR code on the official website.
4. Live Customer Support
Huobi is a crypto exchange with 24/7 live chat support. This makes it stand out from other exchanges with only email support or slow responses. You can search for your issue in the search bar and see related articles. If they don’t help, click “Contact us” at the bottom right to chat with a real agent.
Huobi’s live chat support can assist you with many problems, such as depositing, withdrawing, verifying, trading, securing, and more. They can show you how to use Huobi’s platform features and functions. You can also fill out a form in the help center or email firstname.lastname@example.org.
5. Credit / Debit Cards – Accepted
A convenient feature that Huobi offers is the option to buy crypto with credit or debit cards. It accepts Visa and MasterCard cards from cardholders in many countries and regions, such as most European countries, Australia, the United Kingdom, Gibraltar, and Poland.
Huobi supports fiat currencies such as EUR, GBP, AUD, HKD, and many others for acquiring crypto with cards. Currently, it allows users to purchase nine cryptocurrencies with cards, namely BTC, ETH, XRP, LTC, USDT, EOS, BCH, ETC, and BSV.
This platform has partnered with Simplex and Solaris to provide secure and fast payment processing for card transactions. Please note that you may pay a service fee of 3.5% or 10 USD (whichever is higher) for each card transaction.
Huobi is committed to providing a secure and reliable trading platform for its users, and it has implemented several measures to safeguard its users and their assets. Here are some of the key security features:
- Offline Storage: Huobi keeps most of its users’ assets in cold wallets, which are offline and inaccessible to hackers or unauthorized parties. This crypto exchange also has a professional security team that monitors the cold wallets 24/7 and conducts regular audits.
- Insurance Funds: Huobi has a compensation fund in BTC to cover any losses in case of a breach or system failure. If a user’s account is affected by such an event, Huobi will compensate the user. However, they have not disclosed the exact amount of insurance funds.
- Multi-Factor Authentication (MFA): Huobi requires users to enable 2FA on their accounts, which adds an extra layer of security when logging in or performing transactions. Users can choose SMS, email, or Google Authenticator as their 2FA method.
- Self-Initiated Account Freeze: This feature allows users to freeze their accounts if they suspect they have been hacked or compromised. Users can do this by contacting the live customer support team or using the self-service option on the website or app. This will prevent any further transactions or withdrawals from the account until it is verified and unfrozen by Huobi.
- DDoS Protection: The platform uses advanced DDoS protection technology to prevent distributed denial-of-service attacks, which aim to disrupt the normal functioning of the website or app by overwhelming traffic. Huobi’s DDoS protection system can detect and filter out malicious traffic and ensure smooth and stable operations.
To sum up this review article, Houbi is a legitimate and safest altcoin exchange in the world. It offers a variety of features and services for crypto traders. You can use its earn products such as staking, lending, and savings to earn some extra income. It has also recently introduced perpetual swaps, a new type of futures contract with no expiry date, and allows leverage trading.
The cryptocurrency exchange has many crypto assets, giving users more trading opportunities and liquidity. The easy-to-use interface and a fast trading engine enable quick and smooth order execution. If you are looking for a trustworthy and feature-rich crypto trading platform, check out Huobi Global.
Huobi Global Exchange Review: FAQs
Is Huobi available in the USA?
The Huobi platform is not available for US customers due to regulatory restrictions. However, other platforms cater to the US market, such as OKX, which has a large selection of coins, competitive fees, and various trading features. You can read our full OKX review to get a better understanding of this crypto trading platform.
Is Huobi safe?
Yes, Huobi is a safe cryptocurrency trading platform. It employs and keeps the users’ funds in multi-signature cold wallets. It also has a BTC Security Reserve Fund to offer insurance for the platform’s users in case of unexpected security incidents. Huobi also enables two-factor authentication and email notifications for account activity.
What is Huobi’s withdrawal limit?
Huobi’s withdrawal limit for LV1 verified users is 5 BTC, and LV2 users have a higher limit of 200 BTC. These limits are applied as a 24-hour cumulative withdrawal limit for all supported currencies, with the values calculated in BTC.
Which country owns Huobi?
Huobi was established in China in 2013 by Leon Li. However, it had to move to Singapore in 2017 after the Chinese government prohibited crypto trading and ICOs. Huobi now has offices in Hong Kong, South Korea, and Japan. It serves over 180 countries worldwide.
Is Huobi safer than Binance?
It is not possible to say for sure which exchange is more secure, as both Huobi and Binance have robust security features to safeguard their users. Binance has a SAFU (Secure Asset Fund for Users) that provides coverage in case of a breach. Huobi also has a protection fund, but the specifics need to be more transparent. Recently, Huobi suffered a hack of $7.9M. Binance also suffered a $40.7M hack in the past (source).