Huobi.pro

Volume

EST 100'000 BTC

Referal program

Yes

Domain age

2017-03-19

Supported languages

Website

Huobi.pro

Community

Facebook

Pairs

EOSUSDT
BTCUSDT
ETHUSDT
HTUSDT
BCHUSDT
ETCUSDT
BLZETH
IOSTUSDT
XRPUSDT
LTCUSDT
EOSBTC
ETHBTC
NASBTC
HTBTC
TRXETH
ONTUSDT
NASETH
SOCUSDT
EOSETH
OCNBTC
TRXBTC
NASUSDT
HTETH
WICCUSDT
ADAUSDT
BCHBTC
TRXUSDT
ETCHT
ZILUSDT
XRPBTC
ELAUSDT
DASHUSDT
DASHHT
MTNETH
CTXCBTC
THETAUSDT
ACTUSDT
BTMUSDT
CTXCETH
BCHHT
LTCHT
QTUMUSDT
ACTBTC
ELABTC
EDUETH
OMGUSDT
IOSTHT
WAVESETH
XRPHT
WAVESBTC
BLZBTC
EDUBTC
ITCBTC
IOSTBTC
XMRBTC
WICCBTC
XMRETH
OCNETH
LTCBTC
NEOUSDT
ETCBTC
DCRETH
SOCBTC
DCRBTC
CVCUSDT
MTNBTC
ELFUSDT
ONTBTC
POLYBTC
ZILBTC
POLYETH
ACTETH
ABTBTC
ITCETH
ZECBTC
OMGBTC
ZLABTC
BTSUSDT
CTXCUSDT
ZECUSDT
HSRUSDT
RUFFUSDT
ELAETH
IOSTETH
BTMBTC
ADABTC
SOCETH
MEETBTC
MANAETH
CMTBTC
ONTETH
CMTETH
VENUSDT
LBAETH
CMTUSDT
DASHBTC
SNCBTC
IOTAUSDT
KNCETH
KNCBTC
ZLAETH
VENBTC
ADAETH
ZILETH
OMGETH
DTAUSDT
ITCUSDT
MDSUSDT
OCNUSDT
NEOBTC
STORJBTC
SNTUSDT
BTMETH
MTLBTC
DATBTC
STKBTC
TNTBTC
GNTUSDT
BTSBTC
ABTETH
VENETH
LETUSDT
WICCETH
BTSETH
LBABTC
YEEBTC
PROPYBTC
BATBTC
THETABTC
TNBETH
XEMUSDT
QTUMBTC
PROPYETH
QUNBTC
MANABTC
STKETH
MTXBTC
DTABTC
TOPCETH
CHATBTC
LSKBTC
CVCBTC
THETAETH
IOTAETH
QUNETH
STORJUSDT
TNBBTC
ELFBTC
IOTABTC
ASTBTC
DATETH
ZRXETH
TNTETH
HSRBTC
BATETH
STEEMUSDT
ELFETH
RDNBTC
RDNETH
SNTBTC
SMTUSDT
SWFTCBTC
LSKETH
ZRXBTC
ASTETH
QTUMETH
DTAETH
RUFFETH
QSPBTC
SNCETH
DBCETH
SMTETH
BFTBTC
STEEMBTC
MDSETH
SRNBTC
QSPETH
EKOBTC
MTXETH
LETBTC
WANETH
HSRETH
SMTBTC
YEEETH
MCOBTC
RCNETH
GNTBTC
SWFTCETH
XEMBTC
AIDOCBTC
MDSBTC
QASHBTC
GASBTC
ICXETH
RUFFBTC
POWRBTC
PAYBTC
GASETH
DBCBTC
BFTETH
WAXBTC
DGDBTC
STEEMETH
EKOETH
POWRETH
WANBTC
MEETETH
PAYETH
TOPCBTC
LUNBTC
DGDETH
GNTETH
SRNETH
ENGBTC
LETETH
QASHETH
ICXBTC
GNXBTC
RCNBTC
CVCETH
LINKBTC
WPRBTC
SALTBTC
AIDOCETH
GNXETH
MCOETH
EVXBTC
LUNETH
ADXBTC
UTKBTC
OSTBTC
CHATETH
APPCBTC
LINKETH
BTGBTC
EVXETH
WAXETH
UTKETH
RPXBTC
ENGETH
WPRETH
REQBTC
SALTETH
APPCETH
OSTETH
REQETH
BCXBTC
ADXETH
BCDBTC
SBTCBTC

Description

In spite of the resistance of some established financial systems, digital currencies have infiltrated the financial sector of major economies, giving investors the opportunity to grow wealth. There are companies that have played significant roles in the crypto market place in different hostile environment and Huobi is one of such.

Huobi is a major cryptocurrency exchanger based in China with extensive focus on the Southeast Asian market. The company was launched in 2013 and has remained an important platform for cryptocurrency traders in the region. Due to the government ban on cryptocurrency activities in China, Huobi has to make some important changes including reregistering in the Seychelles. It has also cut so many of its functionality in order to comply with regulatory standards, but it remains a relatively dependable platform for cryptocurrency enthusiasts and investors.

Major advantages of Huobi

In spite of the challenges it has faced, Huobi has stayed strong and this is due to some smart business models that have helped them to keep the bulk of their customers after each. Here are some of the advantages that make the platform the choice exchange for customers in the Southeast Asian market:

Competitive fees

Prior to the crisis that rocked the Chinese cryptocurrency industry, Huobi used to offer different conditions for market ‘makers’ and markers ‘takers’. Currently they offer flat rate for all players. Trading at the platforms comes at the cost of 0.20% of the total transaction value. That rate is in line with the best offers in the market and is considered really fair.

Available coins

There are more than 20 different coins traded in Huobi. Though this is not as much as the biggest traders in the market that has hundreds of coins, it is still considered impressive for company that have been rocked by a hack and government interference. In Huobi, users can trade against BTC, ETH, and USDT (Tether, the cryptocurrency).

Trader-friendly platform

Huobi looks like a platform that was deliberately made to interest traders. It is definitely among the best ones in the cryptocurrency ecosystem, from the perspective of a trader. Just in the interface, there is a chart provided by TradingView. It is really easy to trade the right way with Huobi.

Disadvantages of Huobi

Though Huobi looks pretty much like traders favourite, there are still some things that do not feel so right about the platform. The fact that it was hacked in the past has reduced the confidence of some users. In the reported hack, about 12,000 Bitcoins were reportedly stolen. Besides that, there are some other disadvantages such as the following:

Focus on China and verification

Prior to the ban in China, Huobi was exclusively a Chinese focused exchange. Currently, they seem to be open to the idea of global coverage, but the verification process is still not favourable.

Lack of clarity on trading conditions

Huobi does not mention in a clear manner the details of trading in their platform. Many find this uncomfortable. Deposits and withdrawal fees, as well as methods of payments are not properly presented in an accessible manner. There has also been concerns about the information about trading volume presented by the company. Many consider it to be fake and made to mislead traders.

Conclusion

Before the shakeup in China, Huobi was clearly among the leading exchanges in China. Though they have been shaken, the company remains relatively strong and appear like a good platform for traders in Southeast Asia.

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