Huobi (Huobi, Huobi Global) is an exchange for buying, selling, and margin trading of cryptocurrencies. It was founded in 2013 in Singapore. The crypto exchange officially launched in May, and within a short period of time managed to become one of the most actively developing cryptocurrency platforms in the world. In 2022, the Huobi exchange is among the 10 largest platforms in terms of trading turnover. Registration is open to most countries in the world, without the need to verify your identity.
The official website of Huobi is huobi.com.
Alternative crypto exchanges: Binance, EXMO, Currency.com, Bybit, Bitmex, Cex.io, OKEx and others.
Basic information about Huobi
| Exchange | Huobi |
| Official site | huobi.com |
| Russian language | Yes |
| Year of foundation | 2013 |
| Founder | Leon Li |
| Legal registration | Singapore |
| Exchange token | Huobi Token (HT) |
| Place in the ranking of crypto exchanges | №8 |
| Fiat | OTC |
| Margin trading | Yes |
| Input and output | cryptocurrencies; stablecoins |
| Account verification | not required |
| Safety | Google Authenticator, SMS |
| Trading commission | for makers – 0.2%; for takers – 0.2%; special conditions for VIP |
| Order types | market, limit, limit stop-limit |
| Cryptocurrencies and stablecoins | 390+ Bitcoin, Ethereum, TRON, EOS, Bitcoin Cash, Litecoin, Ripple, Huobi Token, Ethereum Classic, Cardano, Ontology, etc. |
| The most liquid trading pairs | BTC/USDT, ETH/USDT, EOS/USDT, TRX/USDT, EOS/ETH, EOS/BTC, BCH/USDT, LTC/USDT, XRP/USDT, HT/USDT |
| Trading volume as of January 15, 2022 | 338,046,668 USD (92,111 BTC) |
| Language support | Chinese, English, Russian, German French, Portuguese, Vietnamese and others |
| Other platform services | hbdm.com (derivatives exchange), hbg.com blockchain platform incubator, huobiwallet wallet |
| Mobile application for trading | Android and iOS |
List of cryptocurrencies and fees Huobi Pro
At the time of writing the review, the Huobi exchange takes a commission on transactions of 0.2% for all trading pairs. The exchange has a number of loyalty programs that allow you to reduce the commission percentage by up to 50%. The exchange offers large clients the opportunity to buy VIP status using its own Huobi Token (HT).
Commissions and withdrawal limits are different for all coins; they can be found in the “Withdrawal” section. For example, the commission for withdrawing Ethereum is 0.001 ETH. The minimum amount for ETH withdrawal is 0.002ETH.
The exchange has a section where all cryptocurrencies supported by the platform are listed. There you can study each asset in detail, find out its tasks and get to know the development team.
Features of Huobi Exchange
Key Features of Huobi Crypto Exchange:
- The platform has clear functionality that can be understood by both market professionals and beginners.
- Support for many languages of the world allows the Huobi exchange to receive a large number of clients almost every day.
- The resource is a multifunctional and multicurrency platform where you can buy both top cryptocurrencies (BTC, ETH, LTC, BCH, XRP) and new, promising cryptocoins (TRON, ICX, BLZ, STRAT).
- Huobi Exchange has its own HT token (Huobi Token).
- It is not necessary to undergo verification on the exchange. You can trade without it, and this fact is also one of the important advantages of the site.
- There is both classic trading of digital assets and margin trading, as well as futures.
- It is possible to connect trading using specialized automatic programs (bots). Anyone can find instructions on setting up the API on GitHub, where the page of the trading platform developers is presented.
- There is also a compensation fund, thanks to which investors do not have to worry that as a result of an exchange hack and theft of cryptocurrency, their funds will be lost forever. The Fund will pay out the lost money in accordance with the rules of the trading platform.
- The resource is user-oriented and is actively developing in several directions at once: priority is given to both the Asian region and the countries of Eastern and Western Europe, where Huobi is opening offices and representative offices.
- Thanks to the presence of a developed loyalty program, clients of the Huobi exchange can receive additional income by using the referral program and earning 30% of all trading transactions of partners.
- The web platform has a so-called “Blockchain Incubator” (Huobi Labs), in which about $1 billion has been invested and which allows the exchange to invest in promising startups and revolutionary blockchain projects.
- The level of security is at the highest level: there is the ability to connect SMS authorization during the transition to the exchange, the ability to link an email address to an account, as well as activate Google Authenticator.
- The funds of the majority of Huobi exchange clients (about 98%) are maximally protected, because they are located in “cold wallets” that have a multi-signature.
Two-factor authentication - protecting your account and the assets on it
Two-factor authentication (2FA) adds an additional “key” to your password, which will prevent attackers from stealing assets and trading if your password is compromised.
To enable 2FA, go to the “Account and Security” menu on the page at the top right:
Open “Account and Security”
Download the Google Authenticator application on your mobile device if you do not already have it installed:
Link for AppStore.
Link for Google Play.
Select Google Authenticator. Huobi will generate the QR code and its symbolic meaning. Save them in a safe place (encrypted RAR file or flash card). You can save the QR code as a page or take a screenshot of it.
Make sure you save the QR code or its symbolic value. You will need it if you lose your device or change it. After this, scan the QR code using the application on your mobile device. Click on the plus sign and select “scan barcode”. We point the phone camera at the barcode that Huobi generated. The application should display the phrase: “secret key saved.”
Enter the 6 digits generated on your phone in the “Enter 6-digit code from Google Authenticator” field and click on the “Submit” button. That's it, two-factor authentication is enabled. Huobi may additionally ask you to confirm this action by email.
Be sure to save backups - this is very important!
You may need backups (QR code and symbols) if you change or lose your mobile device; Google will not automatically restore the codes. It is for this reason that we emphasize this point once again, since many people found themselves in an unpleasant situation and even lost all their assets on the exchange if they did not save backups.
Huobi Token
An ERC-20 token that has an HT exchange ticket and is the commercial currency of the Huobi crypto exchange . You can purchase cryptocurrency on the specified trading platform or in crypto exchangers.
Houbi Token is the basis for the functioning of the Chinese trading platform ecosystem and is primarily intended for paying commissions for trading operations.
The price of a token depends on many factors, primarily on liquidity and on the total number of HT coins that are regularly “burned” in order to ensure a deflationary model for the development of a digital asset.
A total of 500 million HT tokens have been issued. As of January 15, 2022, there are just over 50 million in circulation.
About the crypto exchange
Huobi is a Chinese crypto exchange that, until 2017, operated only within the country. However, with the start of the hype in 2017, Huobi entered the global market and began to quickly gain trading volume in the digital asset market. The crypto exchange is valued for its reliability and timely updating of trading platforms.
Huobi provides pairs trading on three main sub-markets: BTC - the most volatile, USDT and Ether (ETH).
The crypto exchange listing contains not only popular crypto coins, but also not very well-known “forks”.
Registration on the Huobi website, verification
register on the official website of the Huobi exchange hbg.com either by phone or using your email address. You must select the desired option and fill out the registration form.
When registering, you must provide the following information:
- Citizenship.
- Email or mobile number.
- Password (and repeat).
- Invitation code (if available).
Next, you should activate your account by following the link in the letter or entering the code that will be sent to your phone.
Verification on the Huobi crypto platform allows you to increase the amount of cryptocurrency withdrawn from the site and increase the level of account protection. To go through the procedure of confirming the identity of an investor or trader, you must go to the “Verification” section.
In the table you must enter:
- Citizenship.
- Passport or driver's license number (or other official identification document).
- Name.
- Last name.
You should upload a photo of your ID and wait for all the data to be verified.
To log in to your personal account, go to the official Huobi website and click “Login”. Then enter your registration information.
Support
Huobi Customer Support
Users can access customer support in two languages: Chinese or English. You can contact Support specialists in one of four ways:
- By phone;
- Via email;
- By filling out an application on the exchange website;
- Via Telegram.
Exchange clients claim that the answers from Huobi employees are always very thorough and comprehensive, so in most cases there is no need to contact again. According to user reviews, in the case of a written request, the answer comes in 2-3 days.
Setting up account security
Huobi Exchange allows you to increase your account security. To do this, you need to go to the “Account and Security” section in your Profile.
The user has the opportunity to activate the following functions:
- Synchronize your account with your email address.
- Set up SMS authorization.
- Activate Google Authenticator.
Also, to increase the security of your account, you can go through the identity verification procedure.
Verification
Huobi Exchange.
Verification After standard registration, your account will be able to fully participate in trading all cryptocurrencies that are on the exchange. You can trade on Huobi without verification. You can also deposit and withdraw any coins that the exchange supports. If you want to increase your withdrawal limits to 100 bitcoins per day, then you must undergo account verification. The verification procedure on the Huobi exchange is much simpler and faster than on most cryptocurrency platforms. To undergo verification, you must indicate your passport number, last name and first name, and also send a scan of your passport in readable form. After the information is received, you should wait a while. You will receive a message about the results by email.
Main sections of the Huobi official website
On the left side of the Huobi website:
- Market (review of cryptocurrencies).
- Fiat (OTC trading capability).
- Trades (main trading section).
- Margin (margin trading).
- Futures (futures trading).
On the right side of the Huobi official website:
- Balance (section for replenishing an account, withdrawing funds, etc.).
- Warrants.
- User profile (verification, personal settings and much more).
At the bottom of the site there are links to the sections “Commission”, “Digital Assets”, “Downloading the Application”, “User Agreement” and a number of others.
Huobi Global Mobile App
In addition to the wallet with built-in staking, Huobi also has a mobile trading application – Huobi Global. The official website redirects users to the Chinese version of the application and offers to download the installation file. Apparently this is due to the fact that the site has not been updated for a long time. The application is actually already available in the market and can be easily found by searching for the phrase “Huobi Global”.
The mobile application allows you to place orders and monitor your accounts from any mobile device. You can trade cryptocurrencies without a laptop or desktop computer.
Download link:
For Android.
For Apple.
How to deposit/withdraw funds from the exchange
top up your account with Huobi cryptocurrency in the “Deposit & Withdrawal” section. The link to the section is in the “Balance” tab.
To replenish your account you need to perform several actions:
- Select the desired asset.
- Click on the “Deposit” button on the right.
- Copy cryptocurrency address.
- Transfer funds to the specified address from another crypto wallet.
You can also withdraw cryptocurrency here. The algorithm is almost the same:
- First you need to choose a coin.
- Click on the “Withdraw” button.
- Copy and paste the output address.
- Specify the amount.
- Take into account the commission and make a withdrawal.
After this, wait until the transaction receives the required number of network confirmations and the coins are credited to your account.
Funds are generally withdrawn from Huobi very quickly.
Depositing funds
To deposit or withdraw funds, you need to hover your mouse over the “Balances” section on the main page and select “Deposit and withdrawal” in the list that opens:
Next, opposite the desired currency (which we want to enter on Huobi), click on “Deposit”:
The following page will open:
Form for depositing funds on the exchange
- Select where to enter funds: Currency account (regular trading) or Margin account (trading on margin)
- We copy the digital wallet address created for you - funds will be transferred to it
This address will need to be entered in the “Recipient Address” column where (another exchange or wallet) you want to transfer funds from.
After the transfer, we wait for the coins to arrive on Huobi.
Exchange trading
The link to the main trading section of the Huobi exchange is called "Trading".
The trading terminal page should be divided into several parts (for a better understanding of the process):
- On the left are the main markets (USDT, HUSD, BTC, ETH, HT). The cryptocurrency exchange rate display can be switched to the Russian ruble.
- In the middle, a chart of the price movement of the asset is displayed, all the tools and indicators necessary for trading cryptocurrency are available here (Japanese candlesticks, empty lines, etc.), you can select the interval of price movement, select the desired indicator (Bollinger Bands, MACD, Balance Volume, etc. further) and change the screen type from the standard version to the full version; There is also the option to view the market depth.
- The digital value of the change in the price of an asset, located above the chart (current value of the asset, percentage change, low price point for 24 hours, high, volumes per day).
- On the right side there are trading books for buying and selling cryptocurrency (green - buy, red - sell).
- Under the price movement chart, there is a Buy and Sell form.
- Open orders can be seen under the form above.
- The order history is at the very bottom of the Huobi website page.
To buy an asset, you should follow these steps:
- Select a currency pair.
- Select order type.
- Enter the purchase price (if necessary)
- Enter the desired amount of the asset.
- Click on the purchase button.
The buy order will be sent to the trading order book on the right (Tape), after which you just need to wait until a buy is found.
The algorithm for selling cryptocurrency on the Huobi exchange is the same, only in this case you need to click on “Sell” and wait for a buyer to appear.
Registration and exchange interface
The Huobi exchange is quite convenient to use, especially if you are an experienced trader. To register, go to the exchange website.
Huobi offers its users the choice of accessing trading through:
- App Store
- Android
- Windows
- Mac
- or the web version, which will be in our instructions.
Next, as we can see, there is a graph called “ Huobi Main Index ”, it displays the overall performance of the Huobi Global market from 10 coins about it below.
And also under this we have exchange currency pairs, such as: USDT, BTC, ETH, HT (exchange token). Where we can see the price, changes and volume of a certain cryptocurrency pair, and by clicking on it we can see full information with a chart, orders and so on, but we will have time to talk about this when we register.
In the upper right corner of the main page we have registration, click on it:
You can register through your mobile phone number or through your email address. In both cases, you will receive a code that you will need to enter to confirm when registering.
Select the country in which you have citizenship. If you indicate the wrong country when registering, or your country is not listed here (like Belarus), then in the future, if you go through a verification check, you will need to send a photo of your passport, and if at that time the country does not match the one you indicated during registration, the application will be rejected. It is important that after registration you will no longer be able to change your citizenship. There is a downside to this.
Then we come up with a password consisting of 8-20 characters, accept the terms of use of the exchange and click on “Registration”.
After registering our account, we find ourselves in the main menu of the Huobi exchange.
Where we have at the top:
- Huobi OTC is a Peer-to-Peer (P2P) platform that is an “exchange bridge” between fiat currency and digital assets. On the OTC platform, users can buy or sell USDT, BTC, ETH, EOS and HT with fiat currency. The exchange supports 17 fiat currencies such as: American, Singaporean, Australian dollar, ruble, Chinese yuan, euro, etc. At the moment, there are no orders with the American dollar and ruble.
- Exchange (trade) – here we can buy and sell our cryptocurrency.
- Margin – or in other words, margin trading (trading funds that are borrowed from the exchange on the security of their assets). This section is similar to simple trading on the stock exchange, with all the services for monitoring market prices.
- HADAX (Huobi Autonomous Digital Asset Exchange) is an autonomous exchange where institutional investors and the general public, by voting with Huobi tokens (where 1 vote is worth 0.1 HT and the number of votes per person is unlimited), can choose the cryptocurrencies they would like see available trading on the HADAX exchange.
- Balance – here we have a currency and margin account with the ability to deposit and withdraw funds.
- Orders – in this section you can view the history of transactions and open orders.
- Your electric email address/phone number – access to various settings.
- The next tab, similar to a nut , is the choice of day or night mode, as well as a currency pair for cost calculations.
And also there is a tab for everything
- choice of interface language – we are offered 13 languages, Russian is present, which I’m sure pleases many.
Margin trading
Huobi Exchange provides margin trading.
Traders can borrow borrowed funds from the platform to trade “short” (for a decrease in the price of an asset) and “long” (for an increase in price).
To start trading in the “Margin” section, you need to follow these steps:
- Go to the “Margin” section in the “Balance” tab.
- Select a currency pair to trade short or long.
- Top up your margin account (the “Enter” button) and confirm the operation.
- Go to the margin trading page (at the top of the site dashboard).
- Select a trading option depending on (short or long).
If the price of an asset goes up during the specified period of time, and if the trader has chosen “long”, the transaction is considered successful and can be closed. The user returns the borrowed funds to the Huobi exchange, and puts the interest from the transaction in his pocket.
If we are talking about lowering the price (“shorts”), then if the price falls, such a transaction is considered successful for the trader. He closes the order, also returns the borrowed money to the platform and receives a profit in the form of interest.
But if in neither the first nor the second case the trader guesses the direction of the asset price movement, then he loses money.
Huobi Earnings Investment Service
Huobi offers not only ample opportunities for traders, but also a chance to make money for those who prefer stability and are not chasing extreme returns.
Huobi Earnings is an investment product with a fixed or flexible subscription. It is positioned as an opportunity to earn additional income through the use of “idle” cryptocurrency.
When subscribing, a certain part of the tokens is blocked. Depending on the option you choose, you can get them back either at the end of your subscription period or at any time. During the subscription period, the investor receives a predetermined income, accrued on a daily basis.
This is a new product and so far there are few subscription options, but their number will increase in the future. As for profitability, this is a good option for passive income.
For example, a fixed subscription in USDT will return 8% of the investment in 90 days. Fixed plans offer increased returns since the investor will not have access to the assets until the subscription expires.
Of the mandatory requirements, we note only the need for verification. Anyone can use Huobi Earnings.
Trading commission
find out the trading commissions of the Huobi exchange by going to the desired section, the link to which is at the bottom of the official website.
The commissions are as follows:
- For makers – 0.2%.
- For takers – 0.2%.
There is an opportunity to reduce commission payments by purchasing VIP status.
Huobi Crypto Market Index
Cryptocurrency exchange Huobi Pro announced the launch of a new market index. The index will track the rate of 10 different crypto assets against the USDT token in real time.
The index will reflect performance, allowing investors to see a single picture of the market. Exchange representatives noted that thanks to the index, investors will no longer need to check individual assets separately.
“The Huobi Exchange Core Strength Index will categorize core digital assets into 4 categories: digital asset, platform, application and real asset replacement ,” the platform team commented in a press release.
Advantages and disadvantages of Huobi
The main advantages of the Huobi exchange:
- One of the top cryptocurrency trading platforms in the world.
- A large selection of crypto assets, as well as new, promising coins.
- Excellent functionality.
- OTC trading.
- You can trade without going through verification.
- Client funds are stored in “cold wallets” that have a multi-signature signature.
- Mobile applications available for Android and iOS.
- Profitable affiliate program (referral reward of 30%).
- Good defense.
- Supports several world languages, including Russian.
- Availability of a “Blockchain incubator” for the development of innovative projects based on distributed ledger technology.
- There is margin trading.
- Adequate commission level.
- Own token.
There are not many disadvantages:
- Some sections are only available in English and Chinese.
- The translation into Russian is a little hard on the eyes, and in places it is clumsy.
- The minimum withdrawal requirement for Tether is not so small – 200 USDT.
- There are risks associated with the development of the crypto market itself, with the fall in the price of cryptocurrency.
The long-term prospects for Huobi exchange are good. It continues to develop in several directions, and with a “bullish” cryptocurrency market, it is able to generate profits, as well as improve in the direction indicated by management.
Protection
Representatives of the Huobi Global crypto exchange platform always respond promptly to hacker attacks. They also promptly update blacklists of compromised accounts.
Protection Features:
- Stable architecture of the filtering system against hacker hacks and DDOS attacks at an early stage.
- “Cold” multi-signature wallets that store more than 95% of client funds.
- Compensation of funds through the Investor Protection Fund.
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.
Popularity
In the CoinMarketCap ranking, the Huobi exchange ranks third, behind only the Binance and Coinbase exchanges. The monthly trading turnover of the exchange is just over $39 billion, and the daily trading turnover is $19 billion:
Huobi rating
According to SimilarWeb, the number of Huobi visitors in April 2022 was about 7.68 million (110,000 in 2022), with 28.5% of users from China. The exchange is also popular in countries such as Ukraine, the USA, Vietnam and Turkey.
Huobi website traffic
