Huobi Global Exchange Review 2021 – Details, Trading Fees, and Features

Introduction

This Huobi Global exchange review discusses most of the services about the exchange and its features. However, this article should not be taken as financial advice. Instead, we urge the traders and investors to do their own research before getting involved in cryptocurrencies.

Huobi Global is one of the top exchanges in the ranking made by Coinmarketcap. For this reason, the exchange’s 24-hour trading volume boosted to an estimated amount of $5 billion. Also, check our analyst forecast in the years to come about the Huobi token price.

Meanwhile, Huobi Global supports major crypto assets such as BTC, ETH, and USDT to name a few. As a result, traders and investors can easily buy, sell and liquidate their crypto by using these cryptos as trading pairs.

On the other hand, the exchange is also one of the biggest exchanges in Asia. In fact, Chinese residents got the chance to enjoy exclusive rewards upon using the exchange. However, due to the recent crypto crackdown imposed by the Chinese government, Huobi Global’s focus on the Chinese market changed.

Currently, Huobi Global is registered in Seychelles, a place that has been known due to its crypto-friendly policy. Through this, the Huobi Global exchange was able to offer amazing features that attract global investors. For example, derivatives trading, a Huobi Global feature that supports both futures and swap trading markets. Truly, this feature helps the users of the exchange to maximize their profit potential.

Moreover, the exchange’s platform is available in diverse languages such as Chinese and English. This language option provided by the platform enables users from other countries to easily navigate through Huobi Global.

Regarding Huobi Global’s website, the company designed its web page to be user-friendly. In this way, users that are new to the exchange can easily navigate the network with its clean and nice user interface.

Last but not least, the Huobi Global exchange is also available on mobile phones. As a result, it can be downloaded via Google Play Store and Apple Apps Store. Hence, all users of the platform can easily access their funds at the tip of their fingertips wherever they are.

Huobi Global Exchange Review

Website	https://www.huobi.com/en-us/
Available on mobile	Yes
Number of supported coins/tokens	330
Number of supported trading pairs	909
Native token	Huobi Token (HT)
Supported fiat currencies	GBP, USD, AUD, EUR, and more
CEO	Leon Li
HQ Location	Seychelles

History Overview

In 2013 the Huobi Global Exchange was founded by Leon Li, a former Oracle engineer. It started as an exchange focused on the Chinese community. For this reason, Huobi Global users, especially Chinese, can enjoy exclusive features and perks. For instance, Chinese traders using the Huobi Global exchange can enjoy great deals when it comes to trading fees.

In the same year, the exchange successfully recorded a trading volume of 30 billion Chinese Yuan. As a result, the Huobi Global exchange became one of the largest crypto exchanges in Asia. This aggressive movement of the exchange continues as years go by. In 2016, three years after its founding date, Huobi Global amazingly hit the huge amount of 1.7 trillion Yuan.

As a result, this massive trading volume that Huobi Global achieved in 2016 accounts for more than 60% of the global Bitcoin exchange market. Indeed, this achievement attracts the attention of global investors inside and outside China.

However, in September 2017, the Chinese government banned ICO’s and Bitcoin exchanges in the country. This act of the Chinese authorities hit the Huobi Global exchange hard, making the exchange think of an alternative plan.

The exchange did not take long to figure out how to continue their business despite the Chinese crackdown on ICO’s and BTC exchanges. In short, the Huobi Global exchange that focuses mostly on the Chinese market opens up its network to the outside world. For this reason, Huobi Global can now be seen to operate in other countries such as Singapore, Japan, and Hong Kong to name a few. Furthermore, this strategy made by the exchange not only expanded its international reach but also, made the exchange draw closer to different users around the world.

At the time of writing, the Huobi Global exchange ranks as one of the top 3 exchanges based on the Coingecko ranking. Furthermore, users of the exchange can enjoy more than 900 pairs of crypto assets in the exchange. With this, we can say Huobi Global is one of the crypto exchanges that has already established its name in the market.

Hacking and Other Incidents

Cyber threats and other fraudulent activities are not a new topic in the crypto world. In fact, in 2020, the total value of crypto assets lost due to cyber attack incidents amounts to over $500 million. Truly, this is an incident that stains the reputation of not just the crypto exchanges but also the crypto world.

On the other hand, Huobi Global is also one of the exchanges that have been involved in some issues in the crypto world. In 2014, the exchange stated that it wrongly sent the amount 920 BTC and 8100 LTC into 27 different accounts. This scenario draws a lot of rumors against the exchange. Whatever it is, the best thing is that the exchange returned the lost digital assets.

In 2017, the exchange once again became a topic of discussion in the crypto community. To be specific, Houbi and OKCoin reportedly invested the idle funds inside its network into wealth-management products. As a result, this event catches the attention of its investors since wealth-management products are often high-yielding and risky.

Furthermore, this year (2017) also, the Huobi Global exchange got caught in the crypto crackdown made by the Chinese government. This regulation made by the Chinese government against crypto exchanges affects numerous investors of the exchange. Therefore, making the investment of crypto holders in the country frozen and somehow worthless.

Platform Interface

Huobi Global exchange offers one of the friendliest user interfaces. With this, new users of the platform can easily navigate Huobi Global’s website. In addition, the website also offers a Tradingview function where users can plot or use their favorite indicators. What’s more, the platform also supports over 10 languages from different countries globally. Hence, users of the exchange can fully maximize their experience in using the exchange.

Key Features and Functions

• Offers Margin Trading
• Flexible payment methods
• Supports over 900 trading pairs
• Trading fees: Maker 0.2% and Taker 0.2%
• Available on Google Play Store and Apple Play Store
• Clean and friendly user interface

Supported Cryptocurrencies

This part of the Huobi Global exchange review article informs its readers about the supported crypto assets of the exchange. Furthermore, the exchange supports major cryptos such as BTC, ETH, and USDT that can be traded directly with each other.

Best of all, the exchange also provides staking pools where users can stake their crypto to earn rewards. But, of course, the staking pools depend on the offer made by the exchange. 

Bitcoin (BTC)	Polkadot (DOT)
Ethereum (ETH)	Tether (USDT)
Ripple (XRP)	Axie Infinity (AXS)
Polygon (MATIC)	USD Coin (USDC)
EOS (EOS)	Shiba Inu (SHIB)
Litecoin (LTC)	Dogecoin (DOGE)
Cardano (ADA)	BitTorrent (BTT)

Note: The crypto’s shown above are just some of the digital assets supported by the Huobi Global exchange. Hence, for a full list of supported crypto’s you can click the link in this Huobi Global exchange review.

Deposit/Withdrawal/Trading Fees

Trading fees is one of the most talked about topics when looking for a good crypto exchange. For this reason, the exchange that offers a good deal in terms of trading fees mostly catches the attention of global traders.

General Tiered Fee Structure

Professional Trader Tiered Fee Program

Accepted Payment Methods

The exchange payment method is a very important part to check when looking for a good exchange. Through this, traders and investors have the chance to check if the exchange supports their currency. Take note; not all countries support crypto exchanges. But, the good news is that Huobi Global supports over 50 local currencies with 60 payment options.

The list of Huobi Global supported currencies include CNY, USD, HKD, and CAD to name a few. With these fiat currencies, traders and investors around the world can easily buy crypto using their favorite or native fiat currencies.

However, to some countries that are not included in the list of supported crypto assets by the exchange, traders can use cryptos. To be specific, users located in the countries that are not supported by the exchange can use major crypto assets such as BTC, ETH, and USDT. These crypto-assets can be directly exchanged to other altcoins in the Huobi Global exchange.

Pros and Cons

PROS

• Good asset liquidity
• Support major crypto assets such as BTC, ETH, and USDT
• Decent trading and transaction fees
• 24/hour customer support
• User-friendly interface

CONS

• Issues about the fake trade volume

Final Score

Finally, the final score of the Huobi Global exchange, the last but not least part of the article. As a result, this outcome is based on the analysis and personal view of Coin Quora. Meanwhile, this rating does not serve as financial advice. In other words, traders and investors must do their own research before investing money in crypto exchanges.

• Services offered: 3/5
• Cryptocurrency support: 3/5
• Fees: 4/5
• Supported fiat: 3/5

Review Score: 3.2/5

FAQ

Disclaimer: This material must not be used as the basis for making any investment decisions. This serves only as informative material about the crypto exchange. Trading digital assets involve risk and can result in the loss of investment capital. Hence, always make sure to do in-depth research before engaging or investing in any cryptocurrencies.

Source: https://coinquora.com/huobi-global-exchange-review-details-trading-fees-and-features/