Huobi Review
Key takeaways from our review:
- Huobi has a wide selection of coins and low fees
- Huobi offers a variety of trading tools and services
- Prominent features include spot, margin, and futures trading
- Get a sign-up welcome bonus of up to $5672 USDT
Huobi Pros & Cons
What is Huobi?
Huobi is a world-leading cryptocurrency platform, offering trading services for over 250 digital assets. It provides a secure and reliable trading platform, as well as a suite of other services such as a wallet, lending, and staking.
Huobi Product & Features
Huobi’s spot trading service allows users to buy and sell cryptocurrencies with a range of fiat currencies, including USD, EUR, and GBP. This service also offers a variety of order types, such as limit orders, market orders, and stop-limit orders.
Huobi’s margin trading service allows users to borrow funds to increase their buying power. This service offers up to 10x leverage and a variety of order types, such as market orders, limit orders, and stop-limit orders.
Huobi’s futures trading service allows users to speculate on the future price of cryptocurrencies. This service offers up to 125x leverage and a variety of order types, such as market orders, limit orders, and stop-limit orders.
In addition to its spot, margin, and futures trading services, Huobi also offers a variety of other features, such as a mobile app, an OTC trading service, and a staking service.
Overall, Huobi is a comprehensive cryptocurrency exchange that offers users a variety of features and services. Whether you’re a beginner or an experienced trader, Huobi has something to offer you.
Huobi Customer Support
Huobi's customer support is somewhat limited compared to other crypto exchanges. While it does offer a help center with a range of articles and FAQs, users have reported slow response times and difficulty reaching a live customer support representative.
However, the platform does have a community forum where users can ask and answer questions, as well as a 24/7 live chat service for urgent issues. Overall, while Huobi's customer support could be improved, its other features and services make it a reliable and comprehensive crypto exchange for traders.
Can US Citizens Use Huobi?
Huobi is not available to US-investors. The platform is also restricted in certain other geographic regions, such as Japan, Canada, Hong Kong, and Singapore. However, the platform is available to investors in most other countries around the world.
Huobi Trading Fees
Huobi’s trading fees are competitive and vary depending on the type of trade. For example, makers (those who place limit orders) will generally pay a 0.3% fee than takers who will pay 0.4%. Huobi also offers a tiered fee structure, meaning that higher volume traders will pay lower fees than lower volume traders.
Huobi also charges a 0.0004 BTC withdrawal fee. This fee is based on the blockchain network fee, which is determined by the blockchain network and is subject to change.
Overall, Huobi’s fees are competitive and offer traders a range of options. Withdrawal fees are relatively low and the tiered fee structure rewards high-volume traders.
Huobi Alternatives
If you're looking for alternative to Huobi, here are some options to consider:
- Are you new to crypto trading and based in the US? Consider Coinbase or eToro for their user-friendly interfaces and beginner-friendly features, such as wallet services and the ability to copy top traders.
- Advanced traders may prefer PrimeXBT or ByBit for their advanced trading engines, margin trading options, high leverage options, and deep liquidity.
- For a permissionless trading experience, decentralized exchanges (DEXs) such as Gains Network and Uniswap are worth checking out. Gains Network offers a wide range of trading options, including cryptocurrencies, stocks, and ETFs, while Uniswap is a well-known and popular DEX with thousands of trading pairs available.
How to Sign up on Huobi?
Here are the step by step instructions on how you can sign up on Huobi.
- Visit Huobi Exchange here
- Click ‘Sign Up’ in the top right corner.
- Enter your email address, create a password, and enter the verification code.
- Agree to the terms and conditions and click ‘Sign Up’.
- Check your email and click the verification link.
- Log in to your Huobi account.
