Huobi Review
Expert reviewHTX is a centralized cryptocurrency exchange with roots in China, has come a long way since its inception in 2013. It has weathered the storms of regulatory crackdowns, market volatility, and fierce competition to emerge as a top contender in the global crypto space. Founded by Leon Li in Beijing, Huobi started as a Bitcoin exchange but quickly expanded its offerings to include other cryptocurrencies and digital assets. It rode the wave of the 2017 crypto boom, amassing millions of users and billions of dollars in trading volume. However, China’s regulatory crackdown on crypto in 2017 forced Huobi to shift its operations overseas, setting up shop in Singapore and other crypto-friendly jurisdictions.
Huobi’s journey has been marked by its constant adaptation to the ever-evolving regulatory landscape. It has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to comply with international regulations and prevent illegal activities on its platform. In 2020, Huobi faced a significant setback when the US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned one of its subsidiaries for allegedly facilitating money laundering for Venezuelan narcotics trafficking. Huobi quickly severed ties with the subsidiary and took steps to strengthen its compliance measures. Despite the challenges, Huobi has remained at the forefront of innovation in the crypto space. It has launched its own blockchain platform, Huobi Chain, and invested in various DeFi and NFT projects. Huobi has also expanded its offerings beyond trading, providing services such as staking, margin lending, and over-the-counter (OTC) trading.
Today, Huobi stands as a major player in the global crypto exchange market, with millions of users and billions of dollars in daily trading volume. However, the exchange still faces challenges. The ongoing regulatory uncertainty in many countries could hinder its growth, and competition from other established exchanges remains fierce. Despite these challenges, Huobi’s commitment to innovation, compliance, and building a comprehensive crypto ecosystem positions it well for the future. As the crypto industry continues to evolve, Huobi is likely to remain a key player shaping its trajectory.
Huobi products and services
Buy crypto
Buy cryptos with Visa, Mastercard, fiat currencies and P2P at a low fee
Spot Trading
Seize trading opportunities with advanced tools in Spot Markets
Earn
Grow wealth regardless of market fluctuations with advanced product
Futures
Provides safe, professional and efficient digital asset derivative trading service
Wallet
Convenient & secure multi-currency wallet with friendly user interface
Copy Trading
A simple and transparent way for users to copy excellent strategies
Trading Bot
Trade automatically with quant strategies and amplify your profits
What Huobi outstands for
Web 3.0
Huobi’s Web3.0 features unlock a decentralized future, empowering users with on-chain governance, DAO participation, and seamless DeFi integration. Manage your crypto assets, access dApps, and fuel Web3 innovation, all within the secure and familiar Huobi platform. It empowers users to unlock the full potential of their digital assets, beyond just buying and selling. Huobi’s native blockchain, Huobi Chain, powers DeFi apps, NFT marketplaces, and DAO governance, letting users truly own their crypto and shape the platform’s direction.
Rewards Hub
Huobi’s Rewards Hub is your crypto loyalty program on steroids. Earn HT tokens, the exchange’s native currency, for simply trading, holding assets, and inviting friends. Level up to unlock higher rewards, participate in exclusive events, and enjoy fee discounts. It’s a win-win, fueling your crypto journey with every click and trade. Complete the currently listed tasks to win up to 241 $USDT now.
Prime Membership
Huobi’s Prime Membership unlocks a VIP crypto trading experience. Score rock-bottom fees, as low as 0.0126% for spot and 0.01% rebates on derivatives. Climb 12 levels, each offering sweeter deals, based on 30-day trading volume or holding native HTX tokens. Unlock exclusive perks like priority customer service and airdrops. Optimize your crypto journey with Huobi Prime – trade smarter, earn more.
Community
Huobi’s vibrant community ignites crypto passion. From Telegram groups buzzing with market insights to Reddit forums debating the next moon shot, Huobi connects enthusiasts globally. Dive into AMAs with industry leaders, learn from expert tutorials, and share strategies with fellow traders. This interactive hub fosters a sense of belonging, empowering newbies and veterans alike to navigate the crypto cosmos together. Huobi’s community is more than just a platform; it’s a pulse, a shared journey, and the beating heart of the exchange.
FAQ about Huobi exchange
Huobi is a global cryptocurrency exchange offering a platform for trading various digital assets, including Bitcoin, Ethereum, and numerous altcoins.
Huobi operates in over 130 countries. However, due to regulatory restrictions, it may not be available in certain regions. It’s advisable to check Huobi’s official website or contact their support to confirm availability in your country.
You can deposit funds by logging into your account, navigating to the “Balances” section, selecting “Deposit,” and choosing your preferred cryptocurrency or fiat option. Follow the on-screen instructions to complete the deposit
Huobi charges a flat trading fee of 0.2% for both makers and takers. Withdrawal fees vary depending on the cryptocurrency. For detailed information, refer to Huobi’s official fee schedule
Yes, Huobi provides 24/7 customer support through various channels, including live chat, email, and a comprehensive help center on their website.
Huobi employs multiple security measures, including two-factor authentication (2FA), cold storage for the majority of user funds, and a dedicated security reserve to protect against potential breaches.
Yes, Huobi offers staking services for various cryptocurrencies, allowing users to earn rewards by holding certain digital assets within their Huobi wallet.
Huobi Token (HT) is Huobi’s native cryptocurrency, providing users with benefits such as trading fee discounts, voting rights on exchange decisions, and access to exclusive events
To withdraw funds, log into your account, go to the “Balances” section, select “Withdraw,” choose the desired cryptocurrency or fiat, enter the withdrawal address and amount, and follow the prompts to complete the transaction.
Yes, Huobi offers a mobile application compatible with both iOS and Android devices, enabling users to trade and manage their accounts on the go.
Pros and cons
Pros of the exchange
- Supports hundreds of cryptocurrencies
- 24/7 live chat support
- Offers educational content
- Offers numerous crypto products and services
- High liquidity for multiple crypto trading pairs
Cons of the exchange
- Not regulated
- Not available to US citizens
- Has been accused of wash trading
