The Huobi cryptocurrency exchange provides traders with the opportunity to work with more than 200 cryptocurrency pairs, divided into 3 main markets: BTC, ETH and USDT. The largest trading turnover occurs on the Bitcoin market. The exchange listing contains the most popular cryptocurrencies in combination with little-known forks.
The Huobi trading terminal has good functionality: clients can build a variety of charts, select time periods, and use a rich set of options to customize charts. The existing technical indicators in their functionality are practically not inferior in capabilities to the tools of the MT4 terminal.
Traders can place market and limit trades. The platform provides a wide range of information regarding open orders, transaction history, and market depth. Taken together, clients can analyze the current state of the market in detail.
Official website of the Huobi exchange https://www.huobi.com/
Detailed review of Huobi Global exchange
Huobi is a cryptocurrency exchange founded in China in 2013. Registered in Seychelles. Link to the official website of the exchange - Huobi.com .
Provides spot, margin, futures (perpetual contracts, options) and OTC trading capabilities. Confidently ranked in the top 3 in terms of trading volume (turnover - over two billion dollars in 24 hours). It exists both in a web version and in the form of desktop and mobile applications. We offer a detailed overview of the functionality of the Huobi exchange, its advantages and disadvantages.
Huobi Partners
Blockchain cooperation
The website of Huobi Global, which is the owner of the Huobi Pro exchange, contains a list of partners. They are all investment companies, most of which are located in China. Among them there are quite large and well-known ones, such as Zhen Fund, DHVC, SEQUOIA.
Huobi Partners
general description
Registration on the site is available to users from more than 130 countries, including Russia - wherever operations with cryptocurrencies are not prohibited by law. Huobi is a multilingual platform that supports languages such as Russian, Chinese, English, French; German, Turkish, Portuguese, Spanish.
Team
The founder and CEO of Huobi Group is Leon Li. Previously worked as a computer engineer at Oracle. He graduated from the Department of Automation at Tsinghua University and became a successful entrepreneur in the field of financial technology.
Other team members:
- Chief Operating Officer (COO) is Robin Zhu. Has experience in corporate governance and practical data analysis. Also at one time worked at Oracle. Initially, I was deeply interested in the blockchain industry and Big Data.
- Chief Security Officer (CSO) - Simon Wu. Responsible for risk management, previously worked for international consulting firms and government agencies, focusing on business security and management issues.
- Technical Director - Roy Zhu. He was a technical expert at Alibaba, partner and senior vice president of Jinshan Cloud, and also held a management position at Taobao. Responsible for research and development of new functionality.
Huobi Russia - closing
Starting from September 30, 2022, the official Russian representative office of the exchange, which was available at https://www.huobi.com.ru/ru-ru/, ceases its work. Both registration and the ability to use financial services are closed.
Users can transfer their assets to Huobi Global's official website. The developers assure that the process is completely safe and will not affect the condition of the funds in any way. The user ID and information will remain the same despite the change in the domain name used.
Prospects for a crypto exchange
The Huobi crypto exchange is actively expanding and developing regional markets, striving to become leaders in the crypto market and gradually increasing capitalization, concluding new partnerships and opening representative offices in many countries around the world.
Her areas of interest include the following regions and countries:
- Asia.
- Eastern Europe (primarily the Russian Federation).
- Western Europe.
Considering that the Huobi platform appeared during a difficult period for the crypto market when the price of Bitcoin and other assets fell, and a year later the well-known trading platform Mt.Gox collapsed and was able to survive, the prospects for the exchange are solid.
The expansion of the partner network, the opening of representative offices in other countries (in particular in the European Union and Russia), the recent opening of a derivatives exchange on the main platform, and an increase in the liquidity of digital assets on the site provide an incentive for the development of both the Huobi exchange itself and its commercial token HT.
Functional
Video review of the exchange
How to trade on Huobi
Huobi Exchange is designed to manage cryptocurrency assets in the following ways:
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- Spot trading. Trading with instant settlement, when funds are transferred between the buyer and seller here and now, based on the current market value of the asset.
- Futures trading. Trading contracts containing information about the value of a currency and the time of sale. By concluding such a contract, the buyer and seller undertake to transfer funds at a specific rate and at a specific time. An effective tool for hedging risks.
- Margin trading. Trading with leverage - the user takes out a certain amount of credit funds secured by his existing assets and thereby can use a larger amount in trading than he has. This increases potential profits, but also risks. The available leverage level is individual for each currency.
- OTC. A p2p exchange platform connecting fiat money and digital assets. Designed for institutional investors who make large transactions and want to do it completely within the legal framework.
- Index HB10. It includes 10 top cryptocurrencies and works in conjunction with an investment product that helps you invest money in the entire basket of promising assets at once.
- Fiat. Quick purchase or sale of cryptocurrency for fiat money. Supported payment methods: bank cards VISA/Mastercard, Western Union, electronic wallets.
Huobi Global currently works with 286 coins (770 trading pairs).
Verification
Identity verification is not required to start trading, but it can be completed to expand withdrawal limits and gain access to additional features. Go to the “Verification” section and enter the required information - passport or driver’s license number, first name, last name, upload a scan of your passport in JPG or PNG.
Verification on the exchange is not mandatory, but provides additional benefits when using the platform
Verification process
Information is manually confirmed by exchange employees, which usually takes no more than two days.
How to trade on Huobi exchange
Let's look at how to trade cryptocurrencies and tokens using the Huobi platform.
Exchange terminal
After registering and funding your account, go to the section https://www.huobi.com/ru-ru/exchange/, select the pair you are interested in trading on the left side of the screen.
In the central part of the screen, below the chart, there is a section for creating buy or sell orders. Huobi supports the following main order types:
- Market (market). The user specifies only the desired amount of cryptocurrency. The transaction is completed instantly and at the market price that exists at that moment.
- Limit. The user specifies both the quantity and value of the cryptocurrency. As soon as a counter offer appears, the order is automatically executed. All created limit orders are located in the so-called glass (or orderbook).
- Stop limit. A subtype of limit order. While a regular limit order is executed at a specified price or better, a stop limit order is executed at a specified price or worse.
- Trigger order (by limit or by market). Advanced tool - creates an order that is executed automatically immediately after another order is executed.
On the right side of the trading terminal interface there is a history of all completed orders - date, volume and price. And at the very bottom there is information about active and completed transactions of a particular trader.
Capital Management
Huobi Global includes a range of fund management capabilities for investors. After entering the exchange, the following tools are available:
- Blocking and mining HT. Holders of the exchange token (HT) can participate in the airdrop. To do this, they need to block a minimum of 100 HT on their account for a period of 7 to 90 days. Upon expiration of the period, a bonus is awarded in the form of a certain amount of Huobi Pool Token (HPT).
- Landing. Investment of USDT or BTC at interest for 10, 20, 30 days. The interest rate can be entered manually (from 0.01 to 0.09% per day) or set optimal. Other users then select suitable options from the entire pool of available offers.
- Asset storage. Professional asset custody services for companies and institutions. Clearing and detailed reports are included in the price.
- Asset Management. Digital asset service platform for professional users. Provides a choice of three investment strategies with different levels of risk and profitability.
- Savings (available only after verification). Deposit account with interest income. The interest is adjusted periodically, currently it is 7.28% per annum for USDT and 3.5% for BTC.
A new Pool Savings section was also recently launched. This is a tool for working with DeFi tokens. Includes profitable farming of new and promising tokens.
additional services
Locking and mining
On July 25, 2022, Huobi Global and Huobi Pool launched the Huobi Token (HT) Lock & Mining option. The result of this collaboration is that all HT tokens are added to the daily HPT airdrop reward calculation to reward those who lock their HT.
The minimum you can block is 100 HT. The locking period can be flexible or fixed (month, week, 60 days, 90 days, etc.).
Advantages of HT locking:
- HPT Rewards: The size of the reward that users receive each day for locking their HT coins depends on the time, the number of tokens locked and the total Huobi Pool mining power;
- DPOS Rewards: Users with 1000+ HPT in their HBG account will also receive DPOS mining rewards. To activate the option, select Money Management → Locking and Mining from the main menu.
To activate the option, in the main menu select Money Management → Locking and Mining . ✅
Cryptocurrency landing page
You can earn money using Huobi by lending cryptocurrency , and this method of earning money is called “landing”.
Currently, USDT and BTC . You can borrow funds for 10, 20 or 30 days. In addition to the period, you must indicate the daily rate and the amount of borrowing.
Landing page on Huobi
To activate the landing page, in the main menu, select Money Management → Lend .
Asset Custody
Another option for passive income on Huobi is asset storage.
To activate the option, in the main menu select Money Management → Asset Custody .
Asset Management
A new option on the stock exchange for professionals is asset management.
To activate the option, in the main menu select Capital Management → Asset Management .
Saving
The Savings option allows you to earn money by making a deposit into your exchange account.
To activate the option, select Money Management → Savings .
Referral program
Every registered user of the exchange can take part in the Huobi affiliate program. For attracting new traders, the exchange partner receives up to 40% commissions on the Huobi spot market and 30% when trading futures .
HT Token - description of cryptocurrency from Huobi
is a token, cryptocurrency officially launched by the Huobi exchange in 2018. Functional purpose and why it is needed:
- Discounts from 10% to 95.15% on trading fees (depending on the number of tokens held).
- Participate in Huobi events and activities.
- Farming the HPT token.
- VIP status.
- Use as a guarantee asset for cross-margin.
Deflationary burn pattern to maintain asset value:
Asset Allocation Scheme
Today there are HT holders in more than 180 countries around the world. In addition to Huobi, it is traded on the exchanges Bibox, Bitforex, Coinsbit, HitBTC, MXC, etc.
Huobi Wallet
A universal multi-currency wallet from Huobi Global can be downloaded from the following links:
- For Android - https://play.google.com/store/apps/details?id=com.huobionchainwallet.gp
- For iOS - https://itunes.apple.com/cn/app/id1433883012?mt=8
The application supports most major cryptocurrencies (BTC, ETH, XRP, LTC, BCH, etc.), stablecoins (USDT, USDC, TUSD, DAI, PAX), most tokens on the Ethereum, Ontology, TRON, EOS blockchains.
Announcement on behalf of the exchange itself
The main features of a crypto wallet include independent management of private keys, personal control over assets, data encryption, multi-signature support and the ability to organize joint asset management. A simple interface allows you to perform operations in one click.
List of tradable tokens
Popular tokens and trading pairs on the exchange:
| Cryptocurrency | Trading pair |
| Bitcoin | BTC/USDT |
| Ethereum | ETH/USDT ETH/BTC |
| EOS | EOS/USDT |
| Bitcoin Cash | BCH/USDT |
| XRP | XRP/USDT |
| Litecoin | LTC/USDT |
| Bitcoin SV | BSV/USDT |
| Huobi Token | HT/USDT |
| TRON | TRX/USDT |
| Cosmos | ATOM/USDT |
Huobi Input and Output
To deposit funds on the Huobi Global exchange, you need to go to the Currency account section, select the cryptocurrency of interest, for example, Bitcoin, and click Deposit.
Huobi Wallet Deposit
Copy the address and transfer cryptocurrency from an external wallet to it (you can use the QR code for a quick transfer from the mobile application).
QR code of your cryptocurrency wallet
Funds are credited to the exchange account after one confirmation by miners, and after two confirmations they will be available for withdrawal.
The minimum deposit amount is 0.001 BTC. The deposit address does not change every time, but only sometimes; the exchange notifies you of this by email.
To withdraw cryptocurrency, you need to go to the same section, but this time select the Withdraw button.
Withdrawing money from Huobi exchange
Specify the address to which the coins should be transferred and the required volume. The commission is indicated in the same window and covers the transaction costs, ensuring a quick transfer.
The minimum withdrawal amount is also 0.001 BTC.
Commissions
| Type of operation | Commission fee |
| Spot trading | 0.2% maker and 0.2% taker |
| Margin interest | 0,098% |
| OTC trading | 0.1-0.2% maker (depending on currency), 0% taker |
| Contract bidding | 0.02% maker, 0.04% taker |
| Enter | no commission |
| Conclusion | individually for each coin, indicated at the time of withdrawal (for example, for BTC - 0.0005 BTC). |
The table shows standard indicators. HT token holders can reduce them. With the deduction of fees it looks like this:
Huobi Commission Table
Safety
Huobi exchange uses cold wallets, secure connections, and data encryption to protect user funds. In addition, the user can independently increase the level of account security if he performs the following actions:
- Enables two-factor authentication, a simple and effective way to verify your login using the Google Authenticator app.
- Link a phone number and confirm your email.
- Associates accounts on other networks (Google, Facebook, Apple) with the Huobi account.
- Set a complex password and anti-phishing code.
All this is done in the settings:
Exchange settings
Verification
To verify your identity, go to your account settings and click Verification.
Next, the crypto platform will ask you to indicate your passport number, first and last name, as well as upload a document that confirms the specified data (passport, driver’s license).
After that, all you have to do is wait until the Huobi Pro team checks the document and verifies your identity. Typically the verification process takes up to a week.
go
Those. Huobi support
You can contact Huobi technical support via online chat on the website. Other contacts and social networks of the project:
Telegram https://t.me/huobiglobalofficial
Facebook https://www.facebook.com/huobiglobalofficial
Twitter https://twitter.com/HuobiGlobal
Blog on Medium https://medium.com/@huobiglobal
Instagram https://www.instagram.com/huobiglobalofficial/
YouTube https://www.youtube.com/HuobiGlobal
Comparison with other top exchanges
| Binance | Bittrex | Bitfinex | Bitmex | Huobi | |
| date of creation | 2017 | 2014 | 2012 | 2014 | 2013 |
| Number of trading pairs | 840 | 563 | 323 | 56 | 771 |
| Your token | BNB | — | — | — | HT |
| Margin trading | Yes | No | Yes | Yes | Yes |
| Trading commission | 0,012 — 0,1% | 0,25% | 0,1-0,2% | 0,02-0,07% | 0,2% |
| Deposit fee | — | — | For cryptocurrency no, for bank transfer 0.1% (but not less than 60 dollars/euro) | — | — |
| Withdrawal fee | One for each currency | One for each currency | One for each currency | Network commission only | One for each currency |
| Language support | 20 languages, Russian available | English only | 4 languages, Russian available | 5 languages, Russian available | 10 languages, Russian available |
| Incidents from inception to 2022 (hacking, blocking) | 2 hacks in 2022. Periodically blocked by Roskomnadzor | There is information about hacks in 2022 and 2022 | Major hack in 2016, no later incidents | There were unconfirmed rumors of hacking | No serious problems were identified. There were suspicions of hacking in 2018 |
Margin trading
Margin trading, where a trader can borrow funds from an exchange to conduct larger transactions, is available on Huobi.
The platform offers leverage (also called “leverage”) x5. For example, you have $1,000 in your account. In this case, you can get the amount missing up to $5,000 from the exchange.
To do this, you need to open a separate margin account:
Balance - Margin - Margin account - desired trading pair - Enter.
Now you can trade by borrowing funds from the exchange:
Margin – Buy (long)/sell (short)
- In the case of a long position, the seller wins when the price goes up.
- In the case of a short, the seller wins when the price goes down.
Margin trading with x5 leverage is also available on the following exchanges:
- OKEx;
- Kraken.
Huobi API
Huobi Exchange provides developer documentation (API) free of charge. It can be found at https://huobiapi.github.io/docs/spot/v1/en/#change-log
In the top menu you can switch to another type of trading (spot, futures, options, margin swaps). Information for all categories is constantly updated. The developer can subscribe to email notifications to keep everyone up to date with the latest changes.
Huobi Reviews
The site has both positive and negative reviews, there are approximately the same number of them. Users complain about high commissions, problems with the NEM cryptocurrency, and insufficient functionality - despite the fact that the platform keeps up with the times and regularly introduces new functions, it is not yet possible to work only with it, without resorting to the help of other large trading platforms .
Review with criticism
Negative feedback about the exchange
However, trading volumes show that the majority of users consider the platform to be the best option for exchanging certain currency pairs (the most popular is BTC/USDT).
