Based in the crypto-friendly, Singapore, Huobi is a multi-purpose cryptocurrency exchange. Offering extensive spot markets, with a variety of Altcoins and ERC20 tokens paired across BTC, ETH, USDT and Huobi’s own ERC20 token, HT (Huobi Token). Also, 3x-leveraged crypto-markets with around 40 pairs in BTC and USDT are also available.
There’s an OTC (Over-the-counter) exchange page with a simple and effective list of Buy and Sell options for BTC, ETH, USDT and EOS coins. With Chinese Yuan, US Dollars and Singapore Dollars as possible deposit currencies.
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Ease of use
The UI is clean, user-friendly and perfectly designed with all the basic requirements for a crypto-trader. The charting software is provided by Tradingview, which is exactly what you want! Plus, something which we quite like, is the variable slider for order-sizing on Huobi which all the other sites lock to 25% increments.
Even with the variety of trading options on Huobi, it’s extremely simple to use. The OTC trading-desk, with transfer options like bank-transfers, PayPal and Alipay, is an easy to use payment gateway. With a secure exchange to diversify your investment, right next door, too.
Fee rates for market-maker and market-taker are both 0.2% which puts Huobi on the higher end of the crypto-exchange fees range. Huobi offers a points system; you can buy points in exchange for various fee discounts. Your fees will be deducted from your points balance.
Huobi’s site has 13 different languages to choose from. Support is available through a ticket service on their site, they are active on Twitter and have Telegram for live support.
If you’re purely spot-trading Altcoins then you don’t need ID verification which makes signing up and trading straight away, seamless. But withdrawal limits are low compared to verified account withdrawal limits.
Verification will also be required for margin and OTC-trading – one I.D. document (passport, driving license or residents ID card) plus a selfie with the ID to be submitted – it’s easy and painless.
Huobi has been open for business since 2013 and has never been hacked. They were primarily a Chinese exchange with CNY currency options but have since moved into the global market and USDT. Customer experiences vary, with the usual sprinkling of salt, but our experience is that exchange is fast, secure and functional. The exchange moving away from China and into wider market-places, along with a massive increase in available coins and tokens over the past year or two shows they are making big successful moves in the crypto market-space.
As you must expect from any exchange, 2-Factor Authentication (2FA), is available with Huobi via SMS or Google Authenticator App. Note: when starting a new account on any exchange it is extremely important to enable 2FA as soon as you create your acc. Huobi has never been hacked, showing their security is up to task.
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Huobi has extensive spot markets, with a wide variety of Altcoins and ERC20 tokens paired across BTC, ETH, USDT and HT (Huobi’s own ERC20 token). 3x-leveraged crypto-markets with around 40 pairs in BTC and USDT are available. An OTC marketplace. A good-looking user-interface with charts provided by Tradingview all make this exchange a good choice for anyone looking to trade cryptocurrency. It’s secure, easy to use and been open for business since 2013. No verification required for spot trading crypto. Verification for margin trading and higher withdrawal limits is possible too. Overall, an excellent choice for a simple to use exchange where you can trade a wide range of coins without the need for verifying.
- Loads of coins to choose from
- No verification required for spot trading
- Easy verification for margin trading and OTC
- 3x leveraged margin trading
- Charts by Tradingview
- VIP status and perks for holding HT
- Secure and 2FA available
- No stop-loss orders
- Higher fees
- Currently unavailable in the USA
Ease of use