Huobi Global Broker Summary
- Overall Rating
Here at The Next Bitcoin you can learn about many trading platforms, one of them is Huobi Global, we have concluded that Huobi Global is a good trading platform, it is NOT a scam! Read our Huobi Global review today and learn all you need to know about the Huobi trading platform and why we recommend it for all traders.
Huobi Global Review
Huobi is a name synonymous with global leaders in the domain of crypto trading, especially in Asian audiences. This exchange has been up and running since 2013 and has recently made some major changes now offers to trade in Huobi Global. For some would know what that means while others would be dumbfounded. Nonetheless, it is a type of digital currency introduced by them. Do you want to learn more? Then keep reading this Huobi review to find out its most valuable features.
With its headquarters based in Singapore, this cryptocurrency exchange supports not only digital currencies but also ICO tokens. This exchange believes the future of the digital economy will result in many more innovative assets emerging up. Although they have recently moved to Singapore, originally it was founded in Beijing in 2013 due to the Chinese government banning Fiat from trading cryptocurrencies and ICOs.
Huobi has installed a high-tech exchange platform for its users. This impressive interface is one of the fastest and quickest in the realm of financial markets. Offering market analysis, a variety of portfolios of separate cryptos, and even charting. Being one of the most impressive exchanges, it manages to find a balance between most experienced traders’ requirements while at the same time catering for rookies.
As a result, they have made their platform adaptable by not only making it easy to use on a variety of devices such as Mac, iOS, Android, and Windows, but they have also included a vital and unique feature known as the ‘Smartchain.’ This function not only examines and provides information, but it also analyses various Blockchain assets and gives over 50 distinct alternatives.
An Assortment of Exchange Markets
The variety of possibilities in approved digital currencies and tokens is astounding. On the main Huobi Pro market, more than 100 cryptocurrencies and tokens are registered. Unfortunately, due to governmental constraints from mainland China, Huobi does not allow Fiat currencies. Tether’s Fiat equivalents, on the other hand, are employed to offer the price stability that Fiat currencies supplied.
Huobi has several cryptocurrency marketplaces, all of which may be traded with the same user profile. Individuals can speculate on digital currencies with leverage of up to 125x by using the Spot Exchange, Margin Exchange, Futures Market, Options, and USDT-Swaps.
The Fee Structure
Initially, this exchange accepted Fiat Yuan and USD; however, following the Chinese government onslaught, Huobi account deposits and withdrawals are now conducted in cryptocurrency. However, owing to regulatory requirements, they have since fully eliminated the fees associated with Huobi Pro accounts.
Furthermore, they offer a very fair-trading cost of 0.2 percent taker and maker, which reduces to 0.1 percent on a sliding basis depending on the volume of transactions done. In a nutshell, the structure represents good value for money.
Transparency and Protection being offered by Huobi:
The cybersecurity safeguards in place to secure the exchange and its traders are extensive, as one would expect from such a reputable exchange. They use multi-signature cold storage wallets, which implies that 98 percent of their assets are stored in wallets that are not accessible through the internet. This exchange has not had any security breaches in its four years of operation and may be regarded to meet the highest requirements of cryptocurrency and traditional financial markets exchange.
By establishing a “User Protection Fund,” users have gotten a substantial advantage. Huobi, like Binance, places earnings in this fund as an indemnity policy against various categories of cyber-attacks, scams, and other unimagined occurrences that may damage traders’ wallets. Thus, a huge bonus has been given to its clients as now assures them that when something goes wrong, they will be compensated.
Huobi is the ideal package for cryptocurrency enthusiasts, presenting a comprehensive range of services and products to buy, trade, sell, earn, store, and stake. The degree of market liquidity across its trading pairs, including BTC/USD and ETH/USD, entices retail and professional traders. Overall, Huobi Global is a dependable cryptocurrency exchange.