Huobi is a Global Exchange that has been in existence since September 2013 and is a very well-established scholarship. After expanding its base across Asia, Huobi expanded into Huobi Global to attract customers from all over the world. The exchange now operates in over 130 different countries including South Africa and offers over 545 different markets to trade.
Huobi Token (HT) is their native token and their are many reasons to be bullish about this coins future.
Basic Information About Huobi Global Exchang
- Type of exchange: centralized exchange
- Location: worldwide (based in Singapore)
- Managing Director: Leon Li
- Release date: September 2013
This Huobi review covers the key features of the exchange to help you decide if Huobi is the right exchange for you or if you should choose another top cryptocurrency exchange.
Pros and Cons of Huobi
Here is a quick overview of the pros and cons of Huobi.
- South African traders are fully accepted
- Credit and debit card payments available
- The DSB platform allows users to participate in project offers
- Extensive range of functions
- Very large selection of listed cryptocurrencies
- No fiat currency trading pairs
- High fees for international deposits
Huobi Global Trading Offers
You can trade 234+ different cryptocurrencies with 27+ fiat currencies on the Huobi exchange platform. The Huobi Global enables trading of 237+ different cryptocurrencies against Bitcoin, Ethereum ETH, -1.7% and tether USDT, -0.01%. There is also a separate section for fiat exchanges where you can interact with other customers to buy cryptocurrencies directly with fiat. The number of markets on the exchange exceeds 500 with ETH/USDT, BCH/USDT and BTC /USDT being the highest volume market pairs.
You can place the 4 typical types of orders on Huobi and really don’t need more. These order types are:
- Limit orders
- Market orders
- Take Profit Orders
- Stop Loss Orders
Huobi has taken it a step further with a new form of offering known as DPO (Direct Premium Offerings). DPOs are released on Huobi Prime after being reviewed by the team. This ensures that every project in Huobi is reviewed by a panel of experts, so you can rest assured that it is not a rush and rush project.
The difference from the DPOs offered by Huobi and other typical IOEs is that the currencies you invest in are instantly available in your trading account. Offers on Huobi Prime only need to be paid with Huobi tokens, providing an additional use case for the token, and users must have 500 Huobi tokens to participate. Different price caps protect investors from immediate sell-offs.
Huobi Global Mobile Trading
A cryptocurrency exchange is never complete without a mobile trading app, and Huobi Global offers apps for both Apple IOS devices and Android devices. Their app has a very user-friendly interface and even has a discovery section to keep you up to date with the latest industry news.
Additional features of Huobi Global
Here are some additional resources from Huobi that you may find useful:
- Huobi Token offers discounts on all trading fees
- They offer a 24/7 support center that you can easily access through the Huobi website
- They launched a blockchain-based mobile phone in Asia
- The exchange have their own stablecoin known as HUSD
Huobi Scam or Legit: Is Reliable and Safe to Invest?
Huobi goes a long way in keeping your assets safe for users. First, they keep most of the user funds in cool multi-subscription wallets. In addition, your data centers are covered with 24/7 security surveillance. Huobi Global also has a security reserve of 20,000 BTC in case of an external breach in any way, so users can rest assured that they need to be protected in case of an attack. They are often credited for being proactive in hedging their trades, which is always a good sign. With all that mentioned, it is safe to say it is not a scam.
Huobi Global offers a variety of features to its users and has maintained its credibility over a long period of time. This is in large part one of the main reasons why it is in the top 4 exchanges for liquidity as its users trust their funds there.
After Huobi has established itself in Asia, Huobi is trying to conquer and conquer other areas of the world, which is good news for western traders. In addition, Huobi’s flagship platform can provide some great opportunities for the advanced Exchange users.