Huobi Review – Is Huobi Actually Legit?
If you’re thinking of starting the business of your dreams online, then you might be interested in exploring Huobi. The company is a crypto-based investment platform that offers many services which include mining, exchange and more. But, you may be wondering whether it’s legitimate. This article will explore some of the crucial questions that you must consider before making a decision to sign up for the service.
Overview
The Huobi platform is one of the most popular exchanges in the world. With over 3 million account holders on active accounts Huobi offers a wide range of features.
Huobi offers a variety of security features to ensure the safety of users. Adding two-factor authentication (also known as 2FA) can provide a second layer of security. In addition, it comes with an assurance policy that protects its users.
Huobi provides a variety of cryptocurrencies, such as Litecoin and Bitcoin. Prices for trading are extremely competitive. Moreover, Huobi provides margin trading which means you can buy a coin without undergoing any complicated computational procedures.
Huobi is located in Singapore. Additionally, it has offices in several other countries. They include Thailand in addition to Japan.
Huobi’s user base is spread across 130 countries. Users can access Huobi’s exchange using an internet browser or mobile application. You can also contact the company’s customer support representatives or email them.
Huobi’s website is simple to navigate. It is well-organized and provides information on market depth data and price feeds. In addition, it provides a comprehensive FAQ section.
Huobi has been working with Chinese Blockchain startup Nervos. Since November of this year, the company has launched a testnet to test its project.
Who is the Huobi?
Huobi is among the biggest cryptocurrency exchanges in the world. It provides a variety of trading options and security features. This makes it a preferred option for professionals and novices alike.
Huobi has offices in a number of countries. They started out in China and expanded internationally. Their headquarters are in the Seychelles which is famous for its crypto-friendly regulatory system.
Huobi provides distinct platforms for futures and spot trading. In addition to offering the leverage of spot cryptocurrency, it has tools to automate strategies.
Huobi provides two-factor authentication as well as an Whitelist security feature. The first lets traders create the list of withdrawal address. This is a powerful security feature that prevents non-authorized account holders from having access to their funds.
Huobi also provides the ability to access an OTC market. This market lets peer-to peer trading and gives users more freedom to set price for themselves. Traders can also set their own timeframes.
Huobi recently focuses on stable coins backed by the US dollar. Stable coins are less volatile and have lower market risk.
How does it work?
Huobi is among the biggest cryptocurrency exchanges on the planet. It has a reputable history and provides an array of services. The company is located in Singapore.
In order to open accounts on this platform, you need to first confirm your nationality and your legal name. In addition, you must provide a residential address and a phone number.
Furthermore it is necessary to add the two-factor verification (or 2FA) to your account. This will increase your security and provide peace of mind.
While you are at it, you can opt to purchase an insurance plan that will cover your coins. The security measures employed by the company are top notch.
There are however some negatives with the company. One of these is its strict withdrawal limits. These limits vary depending on the current market conditions. For example, Litecoin has a withdrawal limit of five dollars per day, whereas Ripple (XRP) offers a maximum daily withdrawal of 2500.
Another downside is the withdrawal fee charged by the exchange. The fee is not fixed and depends on the currency you choose.
Does it count? Legit?
If you’re in search of an incredibly secure, safe 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 to make trading a breeze.
In the past few decades, Huobi is making a name itself. While many exchanges have shut down or are just getting ready to launch the latest features, Huobi has survived and is now one of the most trusted cryptocurrency exchanges out there.
One of the perks of trading on Huobi is that the site can be accessed from a vast array of platforms. It is possible to use the mobile, desktop app or even your browser.
The company uses a combination of storage units cold as well as a distributed architecture to make sure that your money is safe. Even so, it’s not the most ideal option to keep all your assets in the cloud. If you’re not willing to go an extra mile, you should save your money in a wallet that is physically stored.
But you must be aware that Huobi doesn’t come without its shortcomings. It has, for instance, a max amount of withdrawal of 2.5 for the ETH currency and 0.6 in the case of BCH.
History
Huobi is one of the largest cryptocurrency exchanges around the world. It offers an extensive list of trading and crypto assets as well as pairs. Apart from traditional trading, it also offers derivatives markets as well as OTC trading. It has offices in Korea, Singapore, Hong Kong as well as the US.
Since its debut at the end of 2013, Huobi has established itself as a leading company in the field. Although its focus was initially on China, Chinese market, the team knew that they could create an impact in other regions as well. So, they started exploring the markets of Asia as well as Japan.
One of the main features of Huobi is its ability to lend and borrow using Huobi Loans. Huobi Loans function. Users can use this feature to collateralize their own crypto assets and earn interest on loaned funds.
Another distinctive feature that is unique to this product User Protection Fund. The fund serves as an insurance for customers in the event of unforeseeable events.
For security reasons, Huobi also employs two-factor authentication (also called two-step verification) on the platform. In order to log in users will be required to enter a account password as well as an email. Users will also be required to provide additional information such as a telephone number.
Features
Huobi is a Cryptocurrency exchange. Founded in 2013, it has grown into a major player in the field thanks to its excellent offerings and services. It offers a variety of financial products including spot and futures crypto trading, staking, and lending.
Huobi’s website is simple navigate and offers a wealth of useful tools for users. The platform is accessible on desktops and smartphones. With more than 1000 crypto pairs, traders are able to trade on the move.
Huobi offers two-factor authentication, that allows users to protect their accounts by using a password and code that can be obtained via their mobile. Customers can also set up a “Whitelist” to block access to accounts that are not authorized.
Huobi offers a user protection fund which guarantees compensation for any losses that result from cryptocurrency assets. This feature is designed to protect against unexpected events, so customers’ funds are secure.
Huobi also provides an innovative staking product,”Dual Currency Investment. The product lets users earn more BTC. By participating in staking the users will maximize their earnings while minimizing the risk.
Huobi’s wallet is highly secure, using the latest technology to ensure safe asset management. Users are also able to backup their wallet using several backup options.
Services Provided
Huobi is one of the top digital asset exchanges in the world. It’s been in operation since 2013, and is a platform for trading various cryptocurrencies. It has built up a huge client base and is growing to several nations.
Apart from a platform for trading, Huobi offers a wide array of other services. They include a loan platform, an insurance policy, and the crypto loan option.
Huobi provides a variety of security features and has an impressive user base. Users can avail two-factor authentication for transactions.
Another benefit is the User Protection Fund. It provides insurance that protects traders’ assets during trading. There are several different channels to reach the customer support department which includes a telephone number and an online chat.
Huobi provides a wide range of supported cryptocurrencies, including bitcoin, Litecoin as well as Ethereum. They also offer margin trading, spot trading and derivative products.
The site has a variety of functions that include an educational section. It aims to provide professional digital-assets transaction services.
Supported Coins
Huobi is one of the biggest and most well-known cryptocurrency exchanges around the globe. It has a wide range of cryptocurrencies and tokens, including ICO coins. The exchange also provides users with a variety of margin trading options.
Huobi is a company with more than 1,300 employees and several offices across different countries. The exchange provides a wide range of services and its website is simple to navigate and includes charting tools.
Huobi is able to support more than 100 different cryptocurrencies and many ICO tokens. Huobi stipulates that users must verify their nationality to ensure that they are not from a nation that prohibits the use of cryptocurrencies.
Huobi Global has over $4 billion in daily trading volume and offers 24/7 customer service. Users can also purchase an insurance policy that will protect their assets. Traders can also get access to educational materials about the industry.
Huobi has a network of partnerships in 12 countries. Users can select from a wide variety of cryptocurrencies and accepts two FIAT currencies.
Pros
Huobi is a well-known cryptocurrency exchange, with a few attractive features. Huobi is an excellent choice for beginner and mid to advanced traders.
One of the biggest benefits of Huobi is the variety of assets that are available for users. Huobi offers over 350 cryptocurrencies including some less well-known ones too. The exchange offers a long number of security features such as two-factor authentication in messaging via SMS, multi-signature protocol, and cold storage devices.
The Huobi site has a modern design and is easy to navigate. There is a variety of payment options, however certain methods aren’t available in the majority of countries.
Apart from the exchange however, there are other financial products provided by Huobi including loans and a wallet. They may not be as user-friendly or secure as some of the other options out there however they offer some convenience.
If you require a little more help there’s a helpful help center available on the site along with an extensive section on education. The site has videos, articles, as well as the FAQ page.
Cons
Huobi is a renowned digital service for wallets and asset exchange. The exchange is available over 130 different countries around the world. There are locations in Japan, Hong Kong, and South Korea.
Huobi has a great selection of markets for trading. It offers more than 300 currencies that it can exchange. It’s a good platform for both advanced and novice traders. There are however some drawbacks that traders must consider before making a final decision.
Huobi has a variety of features that improve the overall user experience. For instance, the interface is clean, and the site loads very quickly. Also, the platform includes a section for education with articles on investing. There are also Subreddits Instagram along with Telegram channels that will keep you informed on the latest news in crypto.
Another advantage that makes Huobi a good alternative for new users is the ability to withdraw loans. You can make the withdrawal using your credit card, or transfer funds using a debit card. Additionally, Huobi has a rewards system for customers. Traders are eligible to earn a bonus upon the first deposit, get fees discounts on specific Holdings of HT, and earn daily rewards.
KYC
The Huobi platform is an excellent option for people who want to trade digital currencies. It has a huge range of markets that include more than 350 currencies. They also provide tools to assist you in trading.
If you want to join Huobi, or join the Huobi platform, you will first have to go through their KYC process. This process is completed through a secure and safe website. You’ll be asked to upload a photo of your ID documents. Depending on where you live it is possible that you will need to provide additional documents.
The verification process takes approximately 10 minutes to be completed. After you’ve completed the verification process, you’ll be able purchase cryptocurrency. There are four coins that are stable to choose of: BTC, ETH, LTC and Litecoin.
After you’ve chosen your option, you will be asked to select the payment method you prefer. Credit cards are accepted and bank transfers as well as international wires. Some banks might prohibit deposits or withdrawals.
Huobi has several security precautions in place, like a multi-signature security method. That means multiple people have to approve every withdrawal. To add an extra level of protection you can sign up for two-factor authentication.
Trading
If you’re interested in trading in the crypto space, Huobi might be the exchange to choose. Huobi has gained an excellent reputation within the crypto space and is a safe place to invest. The company is also renowned for its high level of cyber security.
One of the most striking features of Huobi is the customer protection plan. It is designed to safeguard customers from unplanned losses. The traders are required to provide identification documents prior to reclaiming their money. This is a significant plus for many consumers.
Apart from their exchange, Huobi also offers additional services. They provide loan, coin derivatives and stakes. Users can also gain VIP account tiers depending on their EXP.
Although Huobi has many features, it’s difficult to choose a favorite. In most cases you’ll experience the same experience all over the board. There are however some notable distinctions.
As an example, the Huobi trading bot is automated and comes with a built-in cost range calculation. Furthermore, Huobi offers a wide range of cryptocurrency. While there are plenty of other exchanges to choose from, Huobi stands out.
Fees
Huobi is a crypto exchange that provides a range of services, such as margin trading and staking. It is also a relatively safe exchange for trading on. However, the company does have some negative aspects.
Huobi, for instance, does not have a service for US citizens. But, the company has plans to expand in the U.S. In 2020, US residents will also be able to trade with the exchange.
The good news is that Huobi has been working hard to be compliant with the rules of the US, which could make them an industry leader in the global exchange market. They are currently a member of the Blockchain Transparency Institute, which demands strict AML procedures.
Another advantage of Huobi is that it comes with an API system that allows skilled traders to automate their strategies. Huobi also offers tools for creating chart patterns. Investors who don’t have the time to read the most current news or indicators can use the site’s simple charting interface.
A single of the crucial features offered by Huobi includes Huobi’s User Protection Fund, which serves as an insurance policy for users. When your user account gets compromised, Huobi will reimburse you in the same amount of money.
Limits
Huobi is a leading crypto exchange that provides traders with a variety choices for trading. Huobi isn’t just an online marketplace to buy and sell digital currencies it also functions as a platform for trading futures and derivatives.
Currently, there are over 600 different digital currency that are listed on the Huobi exchange. They comprise Bitcoin, Ethereum, and more. They can be bought via the website. Users can use debit cards, credit cards, bank transfers or even popular payment apps such as PayPal or Apple Pay for instant crypto purchases.
Huobi’s exchange is a professional and user-friendly interface. It is able to distill a vast amount of data quickly and efficiently. It also has a complete API stack that can help experienced traders to automate their strategies.
There are two types of deals available on Huobi such as withdrawal and deposit offers. The former are available for a brief period. For deposits, users can take advantage of the deposit limit of USD 1,000.
Limits for withdrawals vary according to users. People who have already confirmed their identity are able to make withdrawals of up 100 BTC each day. Unverified users are able to withdraw as much as 0.1 BTC per day. Depending on the amount of cash withdrawn, interest may be applicable.
Security and Safety
Security and security are of the utmost importance for cryptocurrency exchange. It is a good thing that Huobi has done a great job of enhancing security for its customers. With the help of several bank-like methods, Huobi ensures safe transactions.
In 2018 Huobi Global launched the Investor Protection Fund, which provides protection to investors in the event of trading-related risks. It will also ensure that funds are secure from external threats.
Huobi’s risk management strategy is expanding. In addition to its Anti-Romance scam strategy, Huobi is educating its customers about scams that could be a possibility. It is sending risk reminders via SMS and emails.
Users are required to undergo advanced authentication to be allowed to trade on Huobi. Huobi demands two-factor verification for all accounts. If the user’s identity is not authenticated and verified, they will not be able access their account.
Huobi offers a variety of backup options for customers. These include a Cold Wallet, which is an offline device that is used for storing assets. Compared to hot wallets, cold purses are not susceptible to hacking and theft.
Huobi’s Cold Wallet also provides an extra layer of protection for the assets. Additionally, the system permits users to include various backup options to their device and make it less vulnerable to hacking.
Customer Support
Below are a listing of noteworthy names in the world of digital coins. The names listed above aren’t necessarily exclusive. However, there’s a fair amount of competitors to be the best. The good thing is, this isn’t as tense as it may seem. This is good news for those who are aware. In particular Huobi Group’s top players are in for a bump. There’s been an uptick in both the number of new signups and the rate of signups already in place. This is the time to shine. We hope that the list of the most reputable names will take the prize at the evening’s end. If you’re hoping to gain an edge on the other competitors, now is the time to get moving. Hopefully, your etiquette is superior to all others.