Huobi Review 2019 – Fees, Cryptos & Safety

 

Huobi exchange official logo image

 

Overview

Huobi review - aboutHuobi, operated by Huobi Global Limited, was established in 2013. It is a cryptocurrency exchange with a large focus on cryptocurrency analysis and is centered on the Asian market with offices in Hong Kong and Korea in addition to its head Singapore office.

 

Currency Supported

Huobi has currently over 180 coins and 400 trading pairs. There are 3 major cryptocurrency markets for trading pairs (BTC, ETH and USDT) and 1 major fiat market (USD) for the US.

Huobi exchange Market platform Image

The only option for USD trading are BTC, ETH and USDT. USD currency withdrawal and deposit services did not become available until 2019 for US residents.

 

Countries Supported

Huobi offers its platform in over 130 countries and has offices in Singapore, Hong Kong, the US and Korea.

 

Payment Method

Clients can deposit funds into their account using a cryptocurrency transfer.

 

Fee

Huobi charge two types of fees; trade fee and overnight financing. The financing cost is dependent on the liquidity of the underlying asset.

– Trading fee: 0.05%

For more detailed information, please find the following link; https://primexbt.com/fees

 

Limit

Huobi has withdrawal limitations based on various levels of clients verification.

 

Customer Support

Huobi has a great support team providing 24/7 support. Clients can be reached them by email, phone, live chat, ticket or social media. The typical response time is two to three hours. The website has a full complement of FAQ and help sections as well.

 

SecurityHuobi exchange license image

Huobi takes cryptocurrency security to a high level and has invested a lot in security. The exchange offers Two-Factor Authentication(2FA), SMS authentication, email notification and PGP encryptions for emails. Over 98 percent of investor funds are stored in cold storage to defend against hacks. May 2018, Huobi has been the victim from hacking attempts, however, no clients’ funds were lost in the attempts.

 

Conclusion

Huobi used to be one of the leading cryptocurrency exchanges in China, but went through a lot of different phases. Huobi is working on complying with US regulations to enable US citizens to use the platform.

Their basic trading tools are easy to use and understand. The advanced trading tools will prove to be more useful as the cryptocurrency market expands. Huobi still has a better customer service than other cryptocurrency exchange and is struggling to strengthen their security measures.

 

Pros

– Easy to use

– High liquidity

– 24/7 customer support

– A wide range of coins and tokens

 

Cons

– Falses for trading volume

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