Huobi Global Exchange Review 2021

By 2014, the exchange had quadrupled its turnover and proved that it would finally fulfill Asia’s digital asset exchange needs. The Singapore-based cryptocurrency exchange was initially founded in Beijing. Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. Huobi has introduced trading bots to automate trading on the spot exchange. The Grid Trading feature is an automated bot that places orders within a defined rectangle or range. Buy orders can be placed at the lower boundary of the range that will automatically sell once the price reaches a defined point within the top of the grid.

  • Below are the withdrawal limits per time and per day for the top 5 coins in market cap.
  • On 22nd May, 2019, they ran a special “Bitcoin Pizza Day” promotion .
  • Huobi has done a great job building a help center to alleviate some of these issues, and they offer customer service in multiple different languages.
  • If you have used the Huobi platform and exchange and have had a pleasant experience then you can earn commissions for the friends that you refer to the platform.
  • This also comes on top of an announcement just prior that talked about the Huobi Security Reserve.

Through this, traders and investors have the chance to check if the exchange supports their currency. But the good news is that Huobi Global supports over 50 local currencies with 60 payment options. Besides trading crypto assets, Huobi Global also offers users the ability to enter staking pools, set up trading bots, trade futures and apply for cryptocurrency loans. On the whole, the exchange comes with a huge variety of well-developed and efficient tools that makes the website a great option.

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When clicking on the Trading Bot tool, for example, a small chart will pop up and help you set up the bot. Thanks to this teaching system, the user has a more enjoyable experience while learning how to use the platform. As stated before, the highly intuitive interface displays every feature as cleanly as possible.

huobi exchange review

Huobi’s trading app has an overall 3.8/5 star rating on the Android market place based on more than 10,000 reviews on TrustPilot. Huobi has introduced a new feature called Huobi Earn which offers flexible and fixed lock-up terms to earn interest on coins and tokens in a Huobi wallet. Customers can choose to deposit funds to earn interest that is compounded daily on the most popular cryptocurrencies and DeFi tokens.

Advanced Trading Interface

The company subsequently incorporated in Seychelles and set up a new headquarters in Singapore, with a focus on expanding to other Asian markets and the rest of the world. The data represented in this Binance vs Huobi crypto exchange comparison is fact-based & collected from trusted, verified sources only. In this way we make sure that the reader’s decision is measured & based on real facts. Despite having so many coin pairs and trading options, it charges 0.2% trading fee. Security of funds is top among the major concerns of Crypto traders. They time-to-time, educate their clients on the latest development on security, policies and technology.

The exchange also maintains several social networks and messaging app communities that inquiries can also be made through. Typical response time to email tickets is said to be between 2 and 3 hours and the company’s customer service agents are reputed to be both polite and helpful. A particularly useful value-added functionality of the trading platform is the ‘Smartchain’ analysis and research service. It provides insights and research on different Blockchain assets and over 50 different indicators. Huobi Token holders receive a discount on trading fees, which decreases the more HT a user has in their exchange wallet. The changing regulatory landscape in China, however, forced Huobi to move its crypto trading services abroad in 2017.

A Good Exchange

This drops to as low as 0.1% on sliding scale depending on trading volumes. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you with that other person . With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses are usually just thrown under the umbrella term – exchange. Network fees apply to cryptocurrency deposits and withdrawals, while fiat currency fees will vary depending on the payment method and the currencies.

Huobi Pro has also launched its own cryptocurrency token, the HT, which runs on the Ethereum blockchain. $300 million worth of HT was also sold in the 14 days following its launch. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels.

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