Huobi

Huobi trading platform

Today, the Huobi trading platform is one of the largest. It employs more than 1,000 people and has subsidiaries around the world.

Huobi services

Users have many tools to make money on the exchange. Some of them include:

  1. Spot trading.
  2. options.
  3. margin trading.
  4. Futures contracts.
  5. Mining pool.

Features of the Huobi exchange

Huobi was launched in 2013, and even then it was clear that its creators had very ambitious plans. Already in 2021, Huobi offices are operating in different countries and not only create a public blockchain, but also engage in charitable causes. For example, in conjunction with Dogecoin, there have been several campaigns for dog shelters in the United States.

The developers of Huobi first and foremost point out the maximum security of transactions. The fact is that almost all assets are stored in cold wallet accounts and database protection avoids possible hacker attacks.

Huobi development history

Since 2013, the cryptocurrency exchange Huobi operated only in China. However, then the government tightened the requirements for cryptocurrency trading and the owners of the company had to reconsider their development strategy. After that, the decision was made to start operating internationally. At the same time, the trading floor remained virtually unchanged in terms of functionality and interface.

It is worth noting the dramatic growth in the platform’s popularity. Back in 2013, the daily turnover of the exchange was ¥30 billion. Within a year, that figure had quadrupled. In 2019, Huobi ranked first in terms of daily trading volume.

Overview of the cryptocurrency exchange Huobi

Types of orders

All users on the Huobi crypto exchange can trade using several types of orders:

  1. Market. A standard order to trade at the best price at the moment.
  2. Limit. The difference from the first type is that the user can specify a preferred bid or ask price.
  3. Stop Limit. It allows user to make flexible settings for bidding that make it much easier to sell or buy.
  4. Trigger Order. It is similar to the previous order type. The main difference is that user sets the execution according to the market. 

Working conditions

There are no especially strict requirements to the users at the crypto exchange. A person from 18 years old can register. However, it should be understood that clients from certain countries are not allowed access to Huobi. The list includes the US, Canada, China, North Korea and a few others.

Mobile app

It is possible to participate in trading not only on the official website, but also in the mobile app. It can be downloaded from app shops or on the exchange itself. For this purpose, there is a QR code on the home page to download the software. Using the mobile app is virtually no different from working on the official website Huobi.

Bonuses

Despite its high popularity, crypto exchange Huobi still attracts new customers in various ways. For instance, the site offers a welcome bonus for registering. A visitor can get €170 if he or she completes a verification and performs certain actions.

This promotion is only available to new users and can be used for 15 days. The bonus is not available in certain countries.

Marketplace registration

You can open an account on Huobi in two ways: by phone number or email. Next, you will need to come up with a password and fill out a short questionnaire with your details. Additionally, it is important to verify your identity. Of course, it is not compulsory, but it allows you to increase your withdrawal limits. The verification itself is carried out in the profile settings.

In conclusion

At the moment, the crypto exchange Huobi is one of the best. Feedback from real users suggest that the trading platform has almost no disadvantages. It is notable for its reliability and loyal attitude towards customers.