EXPERIENCES & Huobi Review
Huobi is currently one of the largest crypto exchanges worldwide and is based in Singapore. Huobi has several service centers, all located in China. Huobi is an exchange that is accessible to 130 different countries and has achieved a turnover of over 1.2 trillion dollars since its foundation.
The Huobi exchange is one of the largest crypto exchanges of the moment. Huobi was founded in 2013 and is based in Singapore. In the meantime the Huobi exchange can be used almost anywhere in the world. However, most of the users of this exchange are Chinese.
With a daily trading volume of over 1 billion dollars a day, the Huobi trading platform has become one of the largest in the world. Besides the possibility to use Huobi as a cryptoexchange, it also offers the possibility for more activities. For example, there is also the Huobi mining pool and it has its own Huobi token.
Buying and selling Huobi Global : instruction
Huobi account registration
Registering an account on Huobi is a fairly easy process. First of all you need to go to http://www.huobi.com/en-us/ and click on ‘Sign Up’ at the top right of the homepage, as shown below.
Then fill in your details here. Make sure you select the correct country. After selecting the country you will not be able to change it after registration. For the security of your account, it is wise to use a strong password that you do not use anywhere else.
Then you will have to prove that you are not a robot to continue the registration process at Huobi. There will be a pop-up in the screen with a Google reCAPTCHA. Please indicate here that you are not a robot and then click on the ‘Confirm’ button to confirm.
After this you will receive an email from Huobi containing a security code. This is necessary to verify your e-mail address. You can copy and paste the code into the form on the website.
If this is successful, you can login to your Huobi account. After successfully logging in, the window below will be displayed.
Buy Huobi crypto
If you don’t already own a cryptocurrency, you can buy Bitcoin or any other crypto you like on Huobi. To do this, click ‘Buy Now’ on the left side of the window and complete the steps as indicated.
Do you already have cryptocurrency and would you like to send it to your Huobi account? Then click on ‘Transfer now’ and complete the steps as indicated.
Huobi provides a very comprehensive and detailed explanation for buying cryptocurrency on Huobi, as well as for depositing cryptocurrency to your Huobi account. All you have to do is follow the steps as indicated on the website.
Crypto trading on Huobi
When you have some form of value on your Huobi account, you can start trading. To do this you’ll need to click on the ‘Exchange’ button at the top left of the screen as shown below.
Once you’ve arrived at the exchange, you’ll see on the left side of the page that you’re in the USDT market. The USDT market is the dollar market. Do you own Bitcoin, or maybe another coin? Then you need to select the right market, for Bitcoin this is the BTC market. In our example, we show you how it works in the Bitcoin market.
On the left side of the screen you can then select the coin you want to buy. And the current crypto price will be shown. In our example we show you how to trade EOS with Bitcoin.
After selecting the Bitcoin market, you can enter the coin you want to buy in the search bar under ‘Markets’. In this example, we will type in EOS. This will take you to the EOS/BTC trader.
When you scroll to the bottom of the page the order book will be shown there. The green ones are buy orders and the red ones are the current sell orders.
Buying and selling Huobi
In our example we are going to buy EOS, so in that case we have to use the column with the green button. Here you choose the by the way also the price you want to pay for the coin and the quantity you want to buy. You can also use the option to move the bar underneath it to use a percentage of the Bitcoin you own for the purchase. To place an order, click on the green ‘Buy’ button.
After having paid this, the purchase order you have placed is now in the green column in the order book and it is waiting to be filled by a seller of the coin in question.
Would you like your order to be filled immediately? Then you can place a ‘Market Order’ instead of a ‘Limit Order’. With a Market Order you buy a coin of your choice directly for the best market price at the relevant time at Huobi.
When the order you have placed has been completed, it will be shown in the overview of your account under ‘Balances’. Here you will find all crypto coins in your possession in your Huobi wallet.
To sell crypto on Huobi, you need to follow the same steps, only choose the red ‘Sell’ column instead of the green ‘Buy’ column.
Like any other cryptoexchange, Huobi has the earnings model that a percentage is withheld per transaction made on the exchange. The amount of Huobi fees per transaction is variable per type of transaction.
No fees are charged for depositing digital currency to your account. The fees charged for ‘Makers’ and ‘Takers’ are the same. Namely both 0,2%.
Would you like to withdraw coins from your account at Huobi and have them paid out in euros? Then you pay a withdrawal fee for this. However, the amount of the withdrawal costs varies per coin and depends on the current market conditions.
Being able to act safely on Huobi for its users is very important to Huobi. For this reason Huobi has invested a lot of money in the security of the platform with the result that it has passed many ‘Third-Party’ security tests.
In addition to the large investment Huobi has made in the security of the platform. They offer users the possibility to secure their account by means of a 2FA. This security mechanism ensures that an authentic code is requested each time a user logs in, which is only available on your registered mobile phone.
Huobi Exchange review
For the time being, Huobi is an exchange mainly used by investors from Asian countries. However, the Huobi Exchange is becoming more and more accessible within the European market. This appears for example from the fact that Huobi is making the platform more and more accessible for the English speaking trader.
Our Huobi Exchange review states that Huobi is an excellent exchange. With the large functionalities that Huobi offers and the large amount of cryptocurrencies that are offered, it is becoming more and more interesting for investors to use the Huobi exchange.
Huobi Contact and Huobi Support
Unfortunately, with many other cryptoexchanges there is the big problem that the helpdesk sometimes leaves users with questions. However, this is absolutely not the case with Huobi.
The Huobi Help Center offers investors the possibility to get 24/7 telephone support, besides that you can send a ticket or chat live with one of the Huobi Help Center employees.
Are you interested in trading crypto on a cryptoexchange?
Then take a look at our extensive Kraken or Bitonic review!
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|Free Account||Yes, register here|
|Country of residence||Singapore|
|Buy with creditcard||Possible|
|Buy witht iDeal||Not possible|
|Cash out to bank||Possible|
What is Huobi
Huobi has a huge range of different cryptocurrencies at its disposal. Huobi makes trading crypto currencies on the trading platform easy for users by using a clear interface.
Huobi has a huge range of over 180 different cryptocurrencies.
Very fast platform.
Easy to use platform.
Very high daily trading volume.
Frequently asked questions
Is Huobi safe to use?
Yeah, security is Huobi’s top priority. This is evidenced by the large investment they have made in the security system.
Is Huobi suitable for beginners?
Yes, due to the simple interface, the platform is also very suitable for novice traders.
How do I get in touch with Huobi?
Huobi has a Help Center where users can go with any questions or comments. These can be found at: https://huobiglobal.zendesk.com/hc/en-us/
How many different types of crypto coins are offered on Huobi?
On Huobi there are over 180 different crypto coins to buy and sell.