What about Huobi’s regulation and licensing?”

The company is currently not regulated by any external party. This makes this type of exchange platform generally less reliable: namely, there is no external party that can assure users of the platform that they will get their money back in the event of, for example, bankruptcy of the company.

The Huobi website is protected by both TLS and SSL encryption. These are both systems that protect your personal information online from third parties. It is positive that the company uses these two encryptions on its website, this makes using the platforms safer for users.

How to create an account with Huobi?

Creating an account with Huobi is easy to arrange through the company’s website. It only requires a working email address and your nationality to create the account. After creating your account, you will receive a verification code in the mail. You will need this code to log in to the website again.

Withdrawing money at Huobi

You pay fees to withdraw money or coins from Huobi. These withdrawal fees vary by cryptovauta and are influenced by market conditions. Therefore, this fee may increase or decrease over time.

You can only be paid in crypto. It is therefore not possible to be paid in euros or US dollars. You arrange a payout in the company’s online platform. You can then convert the crypto you have paid out into euros at an external party, in order to still receive payments into your account. For this you need an online BTC Wallet.

In the table below you will find an overview of several commonly used crypto currencies and the withdrawal fees with these crypto currencies. None of these crypto currencies charge a fee for depositing money. Besides these 7 examples of accepted crypto currencies, there are many more crypto currencies that are accepted by Huobi.

Offered at Huobi

Eigen valuta: HT

Extremely special about this company’s offering is its own crypto currency HT or Huobi Token. This crypto currency is given away by the company to loyal users, and can be used to buy packages on the platforms that normally charge a service fee. The coin can also be used to vote for crypto currencies that users want Huobi to include in its offerings. In the first 14 days since it was introduced, the coin has sold as much as $300 million HT.

Trading Platform

When you log in to Huobi Global, you can choose from 3 different trading platforms. These are Huobi OTC Markets, HADAX platform and Huobi Pro Exchange.

Huobi Pro Exchange

The Huobi Pro Exchange account is suitable when you want to buy and sell crypto currency. You can place orders with this platform using the balance in your electronic wallet. It is the simplest way to trade at Huobi.

Huobi OTC Markets

This trading platform is suitable for standard exchanges and margin trading exchanges. To use the margin trading exchange, you need at least the right amount of margin in your account. All the risks associated with margin trading are also present on this trading platform. OTC stands for Over The Counter trades. This means that traders can trade among themselves. OTC trading is possible, but not yet very widely used by Huobi users. Users seem to prefer the other forms of crypto trading offered by the company.

HADAX platform
This is a trading platform is where you can vote on coin listings for coins that are not yet known, or barely known. The HT coin allows users to vote on which crypto coins will be added to this platform. This option exists because there are now a huge number of different crypto currencies going around, and this supply is growing every day. The company does not manage to evaluate all of these crypto currencies itself. Therefore, the company lets its users vote with HT coins on crypto currencies they want to trade in.

Mobile app

A mobile app is available for users of Huobi Prime. This mobile app is available for Android and iOS and gives you access to many of the functionalities that the web platform also offers. Registration and verification can also be done through the mobile app. The app is unfortunately not available in the App Store or the Google Play Store. So you will have to download this application via an external APK.

Customer service

The customer service of Huobi global is in order. You can reach the company through a phone support team, through a live chat feature on the website and through the customer service email address. In addition, it is also possible to send the company a message via Telegram. Ultimately, the customer support team is available 24/7 through all of these channels, which means that you can always turn to them for questions or assistance.

Conclusion Huobi Review

Huobi Prime is one of the bigger players in the Asian exchange market. The company’s focus in the past was therefore mainly in Asiaë, meanwhile the company is developing and expanding in Europe and America. Its rates are comparable to those of its competing exchanges.

Huobi is especially interesting for people who want to trade in crypto coins. The company has an offering of as many as 180 different crypto coins. These include both large and well-known crypto coins as well as new or lesser known crypto coins. In addition, the crypto-currency offering is kept up-to-date and users are given the chance to participate in deciding which crypto-currencies to include in the program.

Special to the company is that they have launched their own crypto currency called HT (Huobi Token). This token can be used to vote on new crypto tokens that the company should add to its offerings. In addition, the HT can be used to purchase packages that would normally be charged service fees.

The customer service is easy to reach and the online security or cyber security is in good order. This Huobi review is fairly positive. Only disadvantages of the broker are the limits on an account that is not verified and that it is not possible to trade cryptocurrency directly with your money (euro or USD). You will therefore need to purchase crypto coins from an external party beforehand. You can then trade these crypto coins again in Huobi’s platform. Furthermore, Huobi is also not regulated by an external party.

Compares Huobi with its competitors

In this Huobi review, you have read the pros, cons and other important information about the company. Are you curious how the company scores against its competition? Then use the comparator on this page. Thanks to the comparator, it will be easier to find an online trading platform that is reliable and suits you.