Huobi cryptocurrency exchange provides traders with the opportunity to work with more than 200 cryptocurrency pairs, broken down into 3 main markets: BTC, ETH, and USDT. The largest trading volume is in the Bitcoin market. The exchange listing contains the most popular cryptocurrencies combined with little-known forks. The Huobi trading terminal has good functionality: clients can build a variety of charts, choose time intervals, and use a rich set of options to customize charts. The available technical indicators in terms of their functionality are practically not inferior in capabilities to the tools of the MT4 terminal. Traders can place markets and limit trades. The site provides a wide range of information regarding open orders, transaction history, and market depth. Collectively, customers can analyze in detail the current state of the market.
Basic information about the crypto exchange
Huobi is a cryptocurrency exchange founded in 2013, which today is an expert trading platform for professional traders. Initially, Huobi operated only in China, and after the reorganization, it appeared on the market under the Huobi.pro brand.
According to the statistics of the resource CoinMarketCap, it is included in the TOP-10 cryptocurrency exchanges in terms of trading volume. The daily trading volume exceeds $ 1,000,000,000. The most popular token on the site is Huobi Token (HT), issued by the exchange itself to finance its activities. The crypto exchange is known for its high data security, so special attention should be paid to registering and verifying an account.
The exchange interface has been translated into 12 languages, including Russian. Moreover, the quality of the translation is, if not perfect, then close to perfect – there are practically no mistakes, which is a rarity for Russian exchanges.
Functions provided by the site
- Using the exchanger
You can not only place orders to buy or sell a particular cryptocurrency, but also change the currency immediately, at a favorable price offered by the exchange itself.
- Taking advantage of margin trading
There is a lot to be said about this, but we will tell you all the details below.
- Using the opportunities associated with the development of blockchain technologies
In particular, you can participate in the development of various projects through the Huobi Labs App. In particular, your project can receive financial support if it receives the approval and interest of investors. The main task is to interest them.
- Using voices to promote the best crypto projects
Thus, you can help promote projects in which you are interested, and thereby make good money on them in the future.
Pros and cons of Huobi
The service is safe to use, regardless of the user’s region of residence. The functionality of the system supports versions in 9 languages, including both Russian and English.
After the founders of Huobi became the owners of the YesBit trading platform, the number of American traders on the Chinese site increased significantly. The main office is located in Singapore, and service centers are located in major cities in South Korea, China, and Singapore.
The main advantages of the Huobi cryptocurrency exchange include:
- a global trading platform, the functionality, and capabilities of which are constantly evolving;
- high professionalism and independence of the blockchain asset assessment system;
- significant experience in risk control and security of digital tangible assets;
- a specialized and unique system of protection against hacker attacks; 98% of the user’s funds are stored in special “cold” wallets;
- the ability to use all the functionality of the service, regardless of the operating system used.
In addition to the advantages, it is worth paying attention to a number of disadvantages:
- very complicated procedure for confirming identity;
- limited ways to replenish the wallet and withdraw funds;
- many informational sections of the site are available for viewing only in Chinese;
- the future of the service is ambiguous, due to the entry into force of Chinese law, which prohibits the trading of digital currencies in the PRC.
Huobi is a cryptocurrency exchange with a high-quality trading platform that differs from its peers in its high reliability and security of assets. It can be interesting not only for professional traders but also for beginners. The transaction fees are relatively low. Given the high liquidity of well-known digital currencies, you can make good money on this service.
It is worth noting that when using Bitcoin or Litecoin, margin trading with a leverage of 1:5 is available, which will significantly increase your potential profit. The money earned can be transferred to a current account or an electronic wallet in the MoneyPolo system.
