Huobi, 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.
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.
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.
Huobi offers its platform in over 130 countries and has offices in Singapore, Hong Kong, the US and Korea.
Clients can deposit funds into their account using a cryptocurrency transfer.
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
Huobi has withdrawal limitations based on various levels of clients verification.
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.
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.
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.
– Easy to use
– High liquidity
– 24/7 customer support
– A wide range of coins and tokens
– Falses for trading volume