Huobi Global is an international cryptocurrency exchange that lets users purchase or sell digital currencies. Additionally, it allows users to earn interest through staking crypto, or locking it into a pool in order to earn free cryptocurrency airdrops. Huobi Global supports nearly 600 digital assets, and new ones are added frequently.
Huobi Global was founded by Leon Li in 2013, initially in China. In 2017, following China’s clampdown on trading in cryptocurrency, Huobi Global headquarters were relocated to Singapore which was later moved to Seychelles. Huobi Global is available in many countries around the globe however, it doesn’t offer support to a few countries, which includes: USA and Japan (though those who reside in Japan are able to use the Huobi Japan in lieu).
Huobi Global offers crypto-to-crypto trading that offers a huge variety of supported assets, and relatively low fees for trading. The platform is designed to serve active traders as well as institutional investors. It offers limits, stop and trigger orders in addition to futures and margin trading. Institutional traders are able to access OTC Trade desks as well as derivatives, as well as customized trading tools.
Huobi Global offers access to over six hundred different cryptocurrencies, providing users the most extensive ranges of cryptocurrency that are available on a central exchange. Cryptocurrency offerings include the most popular ones like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Tether (USDT), Ripple (XRP), Shiba Inu (SHIB) as well as Polkadot (DOT). The latest cryptocurrency options are being added frequently.
Huobi also has the exchange currency of Huobi, Huobi Token (HT) Token holders also benefit from fee reductions.
Huobi Global offers an advanced trading experience that includes interactive charts limits as well as stop-orders, along with the ability to trade futures and margin.
In order to trade margins, traders are able to access an enumeration of cryptocurrency to trade in, but they are able to use five times the leverage to trade. In the case of futures, Huobi Global offers the option to purchase or sell supported cryptocurrency, or take part in perpetual swaps, which are a form of derivatives contract.
Huobi Global offers reasonably low charges for trading crypto However, there are higher costs for those who wish to buy crypto using debit or credit cards. Fiat deposit (such ones that are backed by U.S. dollars) are cost-free, however, users have to have to pay fees for trading.
Huobi Global offers standard security features such as 2-factor authentication (2FA) as well as cold storage, as well as identity verification. Huobi Global also has security measures designed to protect against DDOS attacks. Additionally, it reserves Bitcoin (BTC) in case of security breach that results in the loss of client funds.
Remember that you have to be at least 18 years old age and reside in a country that is supported to sign up for the Huobi Global account. New users begin the signup process by providing their username and email. After a user’s account has been confirmed via email, they’re asked to prove the authenticity of their account by providing their personal details including the address and birthdate along with providing a photo ID and an image. Verification may take as long as seven business days.
After verification, customers can deposit money or crypto and start trading. Huobi offers its customers the chance to earn interest through placing crypto in a staking account or depositing funds into an Huobi Earn account.