Huobi Review – Is Huobi Actually Legit?
If you’re considering launching your own online business, then you might be interested in exploring Huobi. This company is a crypto-based investment platform that provides many services which include mining, exchange and more. But, you may be wondering if it’s legit. In this article, we’ll discuss the most important issues that you must consider before deciding to use the service.
Overview
The Huobi platform is among the most popular exchanges in the world. With over 3 million users on their account, it offers an array of features.
Huobi provides multiple security mechanisms to guarantee user security. Two-factor authentication (also called 2FA) can provide a second layer of protection. Additionally, it has an insurance plan for users.
Huobi offers various cryptocurrencies, which include Litecoin along with Bitcoin. Trading fees are very competitive. Moreover, Huobi provides margin trading, so you can purchase coins without having to go through complex computational processes.
Huobi is its headquarters are in Singapore. It also has offices in other countries. This includes Thailand in addition to Japan.
Huobi’s users are spread across 130 countries. Users can connect to the exchange via an internet browser or mobile app. You can also call the customer service representatives of the company or email them.
Huobi’s website is simple to navigate. It is well-organized and provides details on price and market depth information as well as feeds. In addition, it provides a comprehensive FAQ section.
Huobi has been working closely with Chinese blockchain startup Nervos. Since November of this year, the team has launched a testnet to test its project.
What is Huobi?
Huobi is among the largest cryptocurrency exchanges in the world. It has a broad range of trading options and security features. This makes it a preferred choice for newcomers and professionals alike.
Huobi has offices in several countries. It began in China and expanded globally. Their headquarters are in the Seychelles, a location that is famous for its crypto-friendly regulatory environment.
Huobi offers separate platforms for futures and spot trading. In addition to providing an advantage for crypto that is spot-based, it has tools to automate strategies.
Huobi provides two-factor authentication as well as the Whitelist security feature. The first lets traders make an inventory of their withdrawal addresses. The latter is an effective security measure that blocks unauthorized customers from connecting to accounts.
Huobi also provides the ability to access an OTC market. This market lets peer-to peer trading and gives users the freedom to choose the prices they want to set. The traders can also choose their own timeframes.
Huobi has recently focused on stable currencies backed with the US dollar. Stable coins are less volatile and carry lower market risk.
How does it work?
Huobi is among the biggest cryptocurrency exchanges in the world. Huobi has an impressive track record and offers an array of services. The business is based in Singapore.
In order to open accounts on this platform, you need to first verify your nationality and legal name. You will also need to provide a residential address as well as an address and phone number.
In addition to this you’ll need to include two-factor authentication (or 2FA) to your account. This will improve the security of your account and give you sense of security.
While you’re there you may want to purchase an insurance policy which covers your money. The security measures employed by the business are of the highest quality.
There are however a few downsides to the business. One of them is the strict withdrawal limits. The limits are different based on the current market conditions. For example, Litecoin has a withdrawal limit of five dollars per day, whereas Ripple (XRP) is a cryptocurrency with a maximum daily withdrawal of 2500.
Another drawback is the fee for withdrawals from the exchange. The fee is not fixed and depends depending on which currency you pick.
Is it Legit?
If you’re in search of a safe, secure and reliable site to make trades, Huobi is one of the best options available. Huobi offers a broad range of cryptocurrency and coins as well as the necessary tools that help you trade with ease.
In the last couple of several years Huobi established a reputation for itself. While many exchanges have shut down or are only getting ready to launch new features, Huobi has survived and is now among the most reliable cryptocurrency exchanges there.
One of the perks of trading on Huobi is that it can be accessed from a vast range of platforms. It is possible to use the desktop, mobile app and even you browser.
The company uses a combination with cold storage systems and an architecture that is distributed to make sure that your money is safe. Even so, it’s not the most ideal option to keep everything you own in the cloud. Unless you’re willing to go that extra mile, keep your numbers in a wallet that is physically stored.
But you must know that Huobi isn’t without its shortcomings. For instance, it has a max withdraw limit for withdrawals of 2.5 for Ethereum and 0.6 BCH. BCH.
History
Huobi is one of the largest cryptocurrency exchanges in the world. It offers an extensive list of crypto assets and trading pairs. In addition to traditional trading, it provides derivatives markets and OTC trading. It has offices in Korea, Singapore, Hong Kong as well as the US.
Since its launch at the end of 2013, Huobi has proven to be a pioneer in the field. Although the company initially focused exclusively on China, Chinese market, the team was aware that they could make an impact in other regions, too. Therefore, they began to explore the markets of Asia and Japan.
One of the main features of Huobi is its ability to lend and borrow using the Huobi Loans option. Users can use this feature to collateralize their own cryptocurrency properties and make interest payments on loans.
A further unique aspect that is unique to this product User Protection Fund. It acts as insurance for customers in the event of unexpected events.
For security reasons Huobi also utilizes two-factor authentication (also known as two-step verification) for its platform. In order to login users will be required to input a account password as well as an email. Users will also be required to provide additional information , such as a phone number.
Features
Huobi is a Cryptocurrency exchange. It was founded in 2013 and has grown into a major player in the industry with its outstanding service and features. It provides a range of financial products , including the futures and spot crypto trading, staking, and lending.
Huobi’s website is simple navigate and contains many useful tools for customers. The platform is accessible on desktop and mobile. With over 1000 crypto pairs available, traders are able to trade on the move.
Huobi offers two-factor authentication, that allows users to protect their accounts by using an account password and a number can be obtained through their mobile. Users can also create an “Whitelist” to restrict unauthorized access.
Huobi has a user protection fund that ensures compensation for any losses caused by crypto assets. This feature is designed to protect against unexpected incidents, which means that the clients’ funds are protected.
Huobi also offers a unique staking product called”Dual Currency Investment. It allows users to earn more BTC. By participating in staking, users can increase their profits while minimizing the risk.
Huobi’s wallet is extremely secured, with advanced technology to ensure secure asset management. Users can also backup their wallet with multiple backup options.
Services offered
Huobi is one of the most prominent digital asset exchanges in the world. It was established in 2013, and is the ability to trade various cryptocurrency. The company has a massive client base and is growing to a variety of nations.
In addition to its trading platform, Huobi offers a wide range of other services. This includes the loan platform, insurance policy, as well as an option for crypto loans.
Huobi provides a variety of security options and boasts a large user base. Users are given access to two factor authentication to make transactions.
Another option is another one is the User Protection Fund. This fund provides insurance which protects the assets of users when they trade. There are a variety of channels to get in touch with the customer support team which includes a telephone line and an on-line chat.
Huobi offers an extensive list of supported cryptocurrencies such as bitcoin, Litecoin, and Ethereum. They also provide the margin trade, spot trading, and derivative products.
The website has a number of functions, including an education section. It aims to provide professional digital-assets transactions.
Supported Coins
Huobi is among the biggest and most well-known cryptocurrency exchanges in the world. It has a wide range of cryptocurrencies and tokens, including ICO coins. The exchange also provides users with an array of options for margin trade.
Huobi has a network of more than 1,300 employees and several offices across various countries. Huobi provides a variety of services, and its website is simple to navigate and comes with charts tools.
Huobi supports over 100 cryptocurrencies in addition to an extensive selection of ICO tokens. Huobi’s policy states that customers must verify their nationality to verify that they’re not from a nation that restricts the use of cryptocurrency.
Huobi Global has over $4 billion daily in trading volume and offers 24/7 customer service. Customers can also buy an insurance policy to safeguard their assets. Traders can also get access to informational materials on the market.
Huobi is a global network with collaborations in 12 countries. Users can select from a range of cryptocurrency and can accept two FIAT currencies.
Pros
Huobi is a reputable cryptocurrency exchange that has some attractive features. Huobi is an excellent choice for novice and mid- to high-end traders.
One of the major attractions of this exchange is the variety of options available for users. Huobi provides over 350 cryptocurrency as well as some lesser known ones as well. The exchange offers a long list of security features that include two-factor authentication for SMS messages, multi-signature protocols and cold storage devices.
The Huobi site is modern in its design and is easy to navigate. There are a wide variety of payment methodsavailable, however some are not supported in every country.
Apart from the exchange however, there are other financial products provided by Huobi like the ability to borrow money and a wallet. These may not be as convenient or secure as the other options out there, but they do offer some convenience.
If you need some assistance, there is a nifty help center available on the site along with an extensive education section. You can find videos, articles, as well as the FAQ page.
Cons
Huobi is a leading digital wallet and asset exchange provider. The exchange is available in more than 130 countries around the world. There are locations in Japan, Hong Kong, and South Korea.
Huobi offers an excellent selection of trading markets. It has more than 300 cryptocurrency on its 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 enhance the user experience overall. The interface, for instance, is modern and sleek, while the website loads fast. Also, the platform includes a section for education which includes articles about investing. There are even subreddits Instagram as well as Telegram channels to keep you updated on the latest news in crypto.
Another feature that makes Huobi an excellent exchange for those who are new to the market is the possibility to withdraw cash. You can make the withdrawal using your credit card, or transfer cash using the debit card. In addition, Huobi has a rewards system for its customers. Traders are eligible to earn a bonus upon their first deposit, enjoy discount on fees on specific Holdings of HT, and earn daily rewards.
KYC
Its Huobi platform is an excellent option for people looking to trade digital currencies. It has a huge range of markets that include more than 350 cryptocurrencies. Additionally, they provide tools to help you trade.
If you want to join Huobi, or join the Huobi platform, first you must complete their KYC procedure. This process is completed through a safe and secure website. You’ll be asked to upload a picture of your ID documents. Depending on your location, you may need to provide additional documents.
The verification process can take around 10 minutes to be completed. After you’ve completed the verification, you will be able purchase cryptocurrency. There are four stable coins available to pick of: BTC, ETH, LTC, and Litecoin.
Once you have selected your preferred payment method After you have made your selection, you will be asked to select your preferred method of payment. Credit cards are accepted and bank transfers as well as international wires. Certain banks may prohibit withdrawals or deposits.
Huobi has a variety of security measures in place, such as a multi-signature security system. It means multiple people have to approve every withdrawal. To give you an additional layer of security, sign up for two-factor authentication.
Trading
If you’re interested in trading in the crypto space, Huobi might be the option to choose. It has built up an excellent reputation in the field and is a secure place to invest. It is known for its high level of cyber security.
One of the most impressive features of Huobi is its User Protection Fund. It is designed to safeguard users from losses that are not planned. Traders must provide identification documents prior to reclaiming their funds. This is an important benefit for many customers.
In addition to their exchange, Huobi offers additional services. They offer loans, derivatives of coins and stakes. Customers can also earn VIP account tiers based on their EXP.
Although Huobi has many options, it’s hard to pick a favorite. Most of the time you’ll have the same experience across all platforms. However, there are distinct variations.
As an example the Huobi trading bot is automated and has a built in cost range calculation. In addition, Huobi offers a wide range of cryptocurrency. While there are plenty of other exchanges to pick from, Huobi stands out.
Fees
Huobi is a cryptocurrency exchange that provides a wide range of services, such as margin trading and stakestaking. It is also a relatively secure platform that you can trade with. However, it does have some downsides.
For instance, Huobi does not offer a platform that is accessible to US citizens. However, the company plans to expand in the U.S. The company plans to launch in 2020. US residents will also be able to trade through the exchange.
Positively, Huobi has been working to ensure that they are in compliance with the laws of the US and will hopefully enable them to become an international leader in the exchange market. They are currently a member of the Blockchain Transparency Institute, which demands strict AML procedures.
Another advantage to Huobi is that the site has an API system that allows experienced traders to automatize their strategies. Huobi also offers tools for creating chart patterns. Traders who do not have the time to read the most current indicators or news can utilize the site’s charting interface for a simple interface.
One of the most crucial features on the exchange includes the User Protection Fund, which is an insurance protection for users. If your account is compromised by hackers, Huobi can reimburse your with an equivalent amount of money.
Limits
Huobi is a renowned crypto exchange that supplies traders with a broad range in trading choices. It is not only an online marketplace to buy and sell digital currencies it also functions as an online platform to trade futures and derivatives.
There are currently more than 600 digital currencies available on the Huobi exchange. They comprise Bitcoin, Ethereum, and many more. The currencies can be bought directly through the website. Customers can make purchases using credit cards, bank transfers as well as popular payment applications like PayPal or Apple Pay to make instant purchase of crypto.
The Huobi exchange has an elegant and user-friendly interface. It distills a large amount of information in a short time and effectively. Additionally, it has an extensive API stack that can help experienced traders to streamline their strategies.
There are two kinds of deals available on Huobi such as withdrawal and deposit offers. These are offered for a limited time. For deposits, users have the option of using the USD 1,000 deposit limit.
Withdrawal limits vary for different users. Those who have already verified their identity can make withdrawals of up 100 BTC each day. Non-verified users can withdraw up to 0.1 BTC per day. Based on the amount of cash withdrawn, interest may apply.
Security and Safety
Safety 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 precautions, Huobi ensures safe transactions.
In the year 2018, Huobi Global launched the Investor Protection Fund, which protects investors in case of trading risks. It also ensures that funds are protected from threats from outside.
Huobi’s risk-control strategy is growing. In addition to the Anti-Romance scam strategy, Huobi is educating its customers on the possibility of scams. This includes sending warnings about risks via SMS and emails.
Users are required to undergo advanced authentication before they are allowed to trade on the platform. Huobi has two factor authentication for all accounts. If the identity of the user is not authenticated, they will not be able to login to their account.
Huobi also offers multiple backup options for customers. They include an Cold Wallet, which is an offline device that is used to store assets. Compared to hot wallets, cold purses are not susceptible to theft or hacking.
Huobi’s Cold Wallet also provides an additional layer of security for assets. Furthermore, the application allows users to include several backup options to their device and make it less vulnerable to hacking.
Customer Support
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