Huobi exchange: registration, trading indicators, reviews

how to find an exchange

Most of the largest cryptocurrency exchanges in terms of trading volume are relatively new. This is especially true for the Far Eastern trading floors. But there are also old-timers among the leaders of the virtual assets market who remember well the legendary Mt.Gox. One of them is the Huobi crypto platform. The exchange received its official status back in 2013 and for a long time almost until 2017. was the internal platform of the PRC. The tightening of the rules for trading virtual assets within the country forced the management to make a radical restructuring in order to enter the international market.

In fact, the Huobi exchange officially ceased to exist and immediately emerged under a new name. However, it almost does not differ from the previous one, the exchange began to be called Huobi Global. The official headquarters of the company is located in Singapore, and numerous offices are scattered across many Asian and European countries. So, let’s start the review. Huobi has extensive trading functionality, exchange commissions are low, and the list of cryptocurrencies available for trading has 230 coins. Crypto-to-fiat exchanger, margin, futures and voting for new exchange pairs are available. Let’s take a look at how new customers register on huobi.

Registration on the exchange

Official site – https://www.huobi.com

If you type in the name of this exchange in a search engine, then the first in the list of sites found will be huobi.com, which serves only residents of China and some American states. The system, having determined your location, will offer you to go to the official website of the Huobi Global exchange.

official site

Don’t worry, this is not a phishing site. Click “Take me to” and you will be taken to huobi russia. It must be said that the Russian-language version of huobi, unlike many Chinese sites, is almost perfect. In addition to English and Russian, the exchange operates in German, French, Spanish and other languages.

work check

To create an account:

  • Click “Register”.
  • Please enter your email address.
  • Create a password.
  • Confirm that you are not a robot
  • Open the mailbox where the exchange has already sent a letter with a security code.

Enter the code in the pop-up window and this completes the registration procedure on huobi.

Personal Area

You will be redirected to the Account & Security section of your personal account. A window will immediately appear with recommendations for protecting your account.

account security

In addition to the security settings in the personal account, the following sections are available:

  • Verification, in which the identity is confirmed.
  • Personal settings, where you can set the mandatory order confirmation and the priority of the withdrawal of funds.
  • Affiliate program to get a referral code.
  • API management.
  • Subaccount and logout button.

On the left of the column for account settings, there are sections “Balance“And”My orders».

Account verification and security settings

Identity verification is not required to trade cryptocurrency on huobi. Account verification and additional security settings will increase your daily withdrawal limit.

Read This Now:   Asic Innosilicon A11 Pro review: features and profitability

exchange limits

For huobi users who did not pass identification and did not include additional account protection options, the withdrawal threshold will be:

You can find out the withdrawal limit of a specific altcoin by clicking the “Withdraw” button in the huobi wallet. In addition, without verification of the account, the client does not have access to another interesting huobi option – margin trading. The exchange may require you to go through authentication to withdraw funds from the huobi wallet in case of suspicion of a hacked account, for example, if the password or other security settings were changed before the withdrawal.

It is your personal choice to pass the test or not, but security should not be neglected.

mobile phone

Link your mobile phone number to confirm transactions using an SMS code and be sure to enable 2FA. As already mentioned, the Russian-language huobi interface is quite correct and it will not be difficult to understand the instructions.

account protection

Verification procedure on huobi for private clients:

documents

  • Indicate passport data.
  • Upload a photocopy of the document and a selfie with your passport in your hands.
  • Click “Verify” and wait for the verification results.

Corporate account identification data:

  • The name and country of origin of the institution.
  • Name and contact information of the authorized person.
  • UID.
  • Proof of the identity of directors, shareholders and ultimate beneficiaries.
  • Proof of the identity of authorized account holders and operators.
  • Business license or other official registration certificate.
  • Official confirmation that proves the relationship between the Board of Directors and shareholders.
  • Board resolution.
  • Letter of commitment
  • Power of attorney.

All information is sent to the email address: [email protected]… The approximate time for processing documents is 3-5 days.

How to deposit / withdraw cryptocurrency

After completing the account security settings, go to the “Balance” section, open the huobi wallet and select the currency for replenishment.

wallet balance

We press “Deposit“For the system to generate an address for transfer.

bitcoin transfer

Pay attention to the lower deposit threshold, if you send an amount less than the set minimum, it will not be counted. The table shows the minimum top-up amounts to the huobi wallet for popular cryptocurrencies.

  • BTC – 0.001;
  • ETH – 0.01;
  • BCH — 0.004;
  • LTC — 0.001;
  • XMR – 0.01;
  • ETC — 0.01;
  • ZEC — 0.001.

If you are funding your huobi wallet in ETH or ETC, please note that it is not currently supported to use smart contracts or block bonuses (Coinbase) to transfer and fund your account. Transfers via smart contracts or block bonuses will not be credited. When mining directly to the wallet of the exchange, control the state of the account. Your address may be changed without prior notice.

We figured out the security settings and account replenishment, it remains to figure out how to trade on huobi, withdraw funds and additional opportunities provided by this trading platform.

registration code

Cryptocurrency withdrawal procedure.

  1. Go to the “Balance” page, click “Withdraw”.
  2. Enter the address. The exchange recommends withdrawing coins to the huobi wallet android application. It is a decentralized multi-currency wallet with additional security options from the Huobi Group team.haobi wallet on mobile
  3. Enter the withdrawal amount and click “Confirm”. The actual amount credited will be slightly less due to the withdrawal fee, the amount of which is indicated in the “Commission” field. Withdrawals from huobi to smart contract addresses are not supported, if the transfer fails, the money will be returned to the deposit, but it will take some time.
Read This Now:   Mining on a laptop (2021 Update) - How To | Pros and Cons | Profitability (Ethereum)

How to use the platform

There is a rich set of financial instruments on the Huobi exchange, which should be discussed in more detail.

Interface

In the upper right corner are the account settings, on the left are the sections:

  1. Market – here you can track the dynamics of changes in the rate of each of the trading pairs and the volume of daily trading.
  2. Fiat – here you can buy or sell 8 major cryptocurrencies, the list of which is in the section, using the services of exchange services. The list of supported fiat includes rubles, dollars and euro. Depending on the chosen coin, payment is allowed both from a bank card and using payment systems Qiwi, PayPal.buying cryptocurrency
  3. Bidding — in this section there is a turnover of funds on the site.

Available here:

  • lists of exchange pairs;
  • infographic;
  • registration of orders;
  • trading glasses;
  • history of transactions.
  1. Margin – huobi section for cryptocurrency margin trading. Here you can borrow or lend yourself and pay off the debt.
  2. Futures – the conclusion of futures contracts for the purchase and sale of cryptocurrency.
  3. Coinbook – in this section, people vote for the addition of new tokens and propose their own projects on blockchain technology.

How to trade

So, go to the main section of the site and start trading on huobi.

indicators for trading

  1. Choose a trading pair.
  2. Define the order type Limit, Market or Stop Limit. How do they differ?
  • You define the price for a limit order. The request will be executed when a suitable counter offer is found.
  • Market order sell altcoins at the current price of the coin on the exchange.
  • Stop limit refers to orders for which a stop price (trigger price), limit price and post-trigger quantity are preset. When the last price hits the trigger, the order will be placed according to the pre-set price to help users maintain profits or reduce losses.
  1. Specify the number of coins to be sold manually or using the slider.
  2. Click “Buy” or “Sell”, depending on what operation you are performing, and the order will be moved to the order book on the right before it is completed.

This completes the detailed instructions on how to trade on huobi. I wish you successful trading.

Additional features and fees

Verified users can trade on huobi with 5x leverage. In order to get a loan, you need to leave a request in the Margin section. Please note that interest is charged on the funds received in the amount of 0.1% of the loan amount per day.

To insure the lender against the loss of funds on huobi, there is a concept of “liquidation price”. In the event of a losing trade, the liquidation price is calculated to return the entire amount of the borrowed money to the lender.

Read This Now:   Top 10 Best Mining Motherboards For Gaming (Cryptocurrency)

The exchange launched a huobi airdrop for all internal token holders. The first stage runs until April 12. Distribution rules.

Number of tokens
On the client’s account
Amount of charges
huobi airdrop
400-200020
2000-1000040
10000-5000080
from 50,000150

The second Prime Trading was launched on Huobi Global on April 16, 2019 (GMT + 8). For detailed information follow the link: https://huobiglobal.zendesk.com/hc/zh-cn/articles/360000228342

On the Huobi trading platform, commissions for traders are quite acceptable:

  • With margin trading for the use of credit funds – 0.1% per day.
  • Taker and maker commissions – 0.2%.

Maker is a client whose order is closed by another client’s order. Taker – the user whose order closes the order.

Huobi VIPs receive discounts on commission payments up to 50% of the fee. To obtain VIP status, you need to send an email with an application for the commission structure: [email protected] for detailed explanations.

By and large, this option is intended for large players in the cryptocurrency market, the commissions of the huobi exchange are, therefore, low.

Advantages and disadvantages

Positive aspects of the huobi trading platform:

  • Long list of cryptocurrencies.
  • A large set of trading instruments.
  • Low fees.
  • High reliability.
  • The ability to trade without verification.
  • Referral program.
  • Russian-language interface.

https://www.youtube.com/watch?v=3pSSlH4IeD4

Negative aspects of working on huobi

  • Not all sections of the site have been translated into Russian.
  • Margin trading is only available for BTC and USDT.

In general, the huobi crypto exchange looks quite respectable.

User reviews

There are enough comments from users who have traded on huobi online. The exchange received mostly positive reviews, but some clients were unhappy with the verification procedure, which was too busy and sometimes ended in failure. However, it is difficult to judge how these reviews correspond to the real state of affairs on huobi. Each site very strictly suppresses attempts to slip fake data.

Huobi is developing dynamically, capturing new markets and, at the time of writing, is ranked 12th in terms of daily trading volume. This is a completely reliable service with a wide range of services, it is comfortable for large and small traders to work here.

In conclusion, I would like to congratulate the holders of virtual coins on the next increase in prices on the exchanges. Those who did not panic and did not sell their BTC for $ 3500 and ETH for $ 130 were right. The winter has passed and the thaw has come and all the best is yet to come.


Subscribe to our resources and read comments, sometimes smart people write smart things there.


Subscribe to news AltCoinLog in Vkontakte


Related materials:


Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/gamefeve/bitcoinminershashrate.com/wp-includes/functions.php on line 5373

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/gamefeve/bitcoinminershashrate.com/wp-includes/functions.php on line 5373