In this article, we have reviewed Huobi Global, which will help you to understand the platform, deposits, spending limits, pros & cons, and find out is it safe to trade and then our final verdict. Adding more, you will also be able to read frequently asked questions.
Sounds exciting! So, keep this excitement up, and let’s take the plunge
What is Huobi Global?
Huobi Global is a global leading service provider, operating since 2013. It is working to support and nurture blockchain-based digital assets, connecting blockchain and the world. Huobi is the safest platform that makes it convenient to buy and sell digital assets.
It provides up to 3 times leverage for spot trading, having clients across more than 130 countries worldwide. Cutting a long story short, Huobi Global has endeavored to build a reputation as a successful platform offering a wide variety of coins to trade across various markets, with its users enjoying the lucrative features provided by the company.
Huobi Global Trading Fees
Huobi is a leading competitor when it comes to trading fees. Fee reduction on the platform using HT is very tranquil. You can enjoy a big discount on the standard fee, which is:
- Maker fee: 0.2%
- Taker fee: 0.2%
The crypto to crypto trading fee is 0.2% for all pairs.
| Trade volume(30-day usdt) | Maker fee | Taker fee |
| 0 to 5 million | 0.2% | 0.2% |
| 5 to 10 million | 0.04% | 0.060% |
| 10 to 15 million | 0.035% | 0.055% |
| 15 to 25 million | 0.030% | 0.055% |
| 25 to 35 million | 0.030% | 0.045% |
| 35 to 70 million | 0.025% | 0.040% |
| 70 to 150 million | 0.025% | 0.035% |
| 150 to 300 million | 0.025% | 0.030% |
| 300 million+ | 0.015% | 0.025% |
| 500 million+ | Negotiable | Negotiable |
It is slightly below the global industry average fee, which arguably is 0.25%.
Deposit & Withdrawal Fees
- The withdrawal fee is charged when amounting to 0.0001 BTC while withdrawing Bitcoins—a quite below price providing an edge over other platforms.
- Huobi offers wire transfer, but you are not allowed to deposit via your credit card.
Supported Cryptocurrency for Trading
There are over the 300+ cryptos for open trading. Here is the most popular cryptos for trading,
Bitcoin(BTC), Ethereum(ETH), Bitcoin Cash(BCH), Tether(USDT),Eos(EOS), Ripple(XRP), Monero(XMR), Cardano(ADA), Zcash(ZEC), Waves(WAVES), Kyber Network(KNC), Polkadot(DOT), Basic Attention Token(BAT), Neo(NEO).
Also, Huobi provides cryptocurrency margin, OTC, and Futures trading for the professional cryptocurrency traders.
How Fast are the Funds Available?
Deposits:
It takes a few minutes. The number of confirmations necessary for deposit varies depending upon the cryptocurrency used. However, the deposit typically takes a few minutes.
Withdrawal:
Similar to a deposit, the number of confirmation required for cryptocurrency withdrawal varies, but it takes more confirmations than deposits and then, of course, a little more time.
Is Huobi Global safe to use?
Follow are the few factors to consider:
Regulation:
Huobi Global is incorporated in Seychelles, and there are chances that it may not be legal in your country. If you are using Huobi, you are responsible for ensuring either you comply with legal laws and regulations or not.
Verification process:
It doesn’t require verification for all users. Verification is necessary for higher withdrawal limits.
Security Features:
Huobi follows best practices keeping 98% of user funds in cold storage at any time. It offers investor protection fund to reimburse affected users in case of malicious activity.
Huobi Pros
- Wide range of Altcoins
- Deeper liquidity than many other platforms
- Range of features such as fiat currency order books, professional trading tools
- IOS and Android app
- 24/7 customer support
- Fiat deposit supported with ID verification
Huobi Cons
- No enough liquidity for several cryptos
- It is not ideal for beginners because of a wide range of features
FAQ’s
1- Which are the countries supported by Huobi Global?
Huobi is an international exchange platform covering more than 130 countries but doesn’t allow users from the US.
2-What is the verification process for Huobi?
For sign up, verification is not required. You will only ask for confirmation for higher withdrawal limits and depositing the fiat currencies via the Bank transfers etc.
3- Is Huobi supports Fiat deposits?
Yes, first you have to verify the identity prior to deposit any fiat currency via the bank transfers.
4 – Is Huobi a good exchange?
Definitely yes, it provides many services and features to the beginners, and as well as professionals. it consists of competitive trading fees, many assets listings, and exceptional customer support.
Conclusion – Huobi Global Review
Huobi is a global exchange with a wide range of facilities for customers. You can trade anywhere from the world using Huobi. The verification process is not demanding, a good option. You can deposit and withdraw fiat currency using Stable coins. Most importantly, you can also do traditional trading with Huobi Global such as margin trading and derivatives trading. The user experience is exceptional, and the website is easy to navigate.
In our opinion, Huobi Global should be your go-to exchange platform. Moreover, you know which suits you better but once you must go for it.
Happy trading!
The post Huobi Global Review – Is it SAFE to Use? appeared first on BTCbeginners.
