You can see the full list of coins and their prices here. We found it slightly weird that for an initial anonymous account that they required your nationality as no other exchanges require this. Quite simply when you are a maker, you are adding liquidity to Huobi’s order books. Why these coins are not included is quite surprising. Once that is done you are given your key and the API is created. Moreover, Huobi is only set to improve as it expands its operations globally including in the USA. Exchange fees are sometimes what can make or break a traders experience and profitability. Once you have submitted your verification to Huobi, they have to have someone to manually look over your documents. Firstly, the withdrawal limits on unverified exchanges are very restrictive. They are competing against exchanges such as Bitmex and brokers such as IQ Option that have 100X and 20X leverage respectfully. As you can see it has all of the markets laid out on the left. The latter was founded in 2013 by Leon Li and was one of the largest cryptocurrency exchanges in China. You can feel slightly more comfortable trading with them than you can on other exchanges with less volume. This is lower than the leverage that is present on other exchanges. Taking a look at the exchange screenshot below, it seems as if it has everything that you could need from a trading platform. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. According to this medium post, the exchange will use 20% of the net revenue that they generate from trading and use it to buy back Huobi Tokens. Here you are presented with a form where Huobi is asking for the IP addresses that you would like to bind it to. You have all of the standard tools that you would need as a technical analyst or day trader. Customer Service 1661-1046 Email: [email protected]. Huobi Global as the parent company has also branched out into a number of other business ventures in the cryptocurreny field. When contacting them make sure that you are using the registered email address with the exchange and you include the user ID that applies to it. So now that you’ve connected your preferred exchanges with 3Commas, you can now decide what trading strategy you want to utilize. One is that you could verify your account by completing the mandatory KYC requirements. Join the conversation in any of our worldwide communities. This is predetermined by Huobi but one hopes that it will vaguely track the actual cost of mining. CoolWallet S is the most secure crypto hardware wallet for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and ERC20 Token. However, what this is really is just the cryptocurrency network fee or “mining fee”. Enjin Coin (ENJ) is an Ethereum-based cryptocurrency used to directly back the value of next-generation blockchain assets. What Is Cardano (ADA)? Quite simply when you refer a trader to the Huobi platform, you are given a 30% fee as cashback once the trader that you have referred places trades. Investing in Bitcoin requires nerves of steel, and also keeping an eye on the latest cryptocurrency news and cryptonews Better yet, you should have an idea of what is in store for the market.Look at what happened last year, for example. So, while there were no obvious issues that we had with the Huobi app, we tried to get a sense of what other users were saying. Register for free! Verification process. Join the Community Huobi is global. They also have a handy overview page where they take you through each coin with a fairly thorough description of the coin. We think Huobi is better suited to list these files in the play store. But, for indicative purposes the leverage on BTC is 3X. Through Zk-Rollups technology, all ERC20 tokens are transferred to Layer2, and the consistent state of Layer1 and Layer2 is guaranteed based on continuously generated zero-knowledge proofs. You can see the signup form below. Client funds held in dedicated multi-signature. Huobi Global also established an office in the USA as they anticipate the launch of their USA trading arm. If you just want to buy / sell the cryptocurrency then you can select the Huobi pro exchange. Then Huobi has a really helpful beginner’s guide that will take you through everything on the platform. They have a dark color (as in screenshot) or light. They are presented as recommended wallets here. To access the margin platform, you will merely select the “Margin” tab in the header and this will open it up. They have grown to over 1,000 employees. Once you have completed the form they will send you an email with the verification code that you will need to use to log back in. The exchange said that they would be storing 20,000 Bitcoin in this reserve for insurance should there be any breaches from hackers or funds lost. You should make use of cold storage in hardware wallets for a large bulk of your coins. Huobi Global has a variety of features that make it an ideal place to buy and sell digital assets. If you are going to be trading on margin, you need to be well aware of the risks. Huobi Global provides safe and reliable digital asset trading and management services for millions of users in more than 130 countries. Lastly, there are also a number of security procedures that Huobi has in place to make sure that users are individually protected from hackers and account breaches. It is one of the original cryptocurrency exchanges that has been around for over 6 years. Huobi group has its head office in Singapore and started off with only 10 employees. This will be the US side of the exchange that will service only US clients. What this clearly shows is that Huobi is quite an advanced and established cryptocurrency exchange. You can edit it afterwards as well as create a fresh key if you so desire. The Huobi mobile application is ideal for those traders who would like to be able to trade while they are on the go and do not have access to their computers. This is actually quite low when you are to compare it to the likes of Bitstamp which are at 0.25% or at Coinbase that has the fees at 1.49%. The Financial Service Authority of Seychelles issued a regulatory warning against Huobi Global Limited, the largest crypto exchange originating from China for allegedly claiming to be functioning under the International Business Company (“IBC”) FSA act 2013. The exchange has grown substantially since then and is one of the go-to platforms for traders to get their hands on some of the most promising Altcoins. ZKSwap is a brand new exchange protocol based on ZK-Rollups technology. To give you a rough indication of these fees, here are the withdrawal fees (per request) of some of the top 10 coins in market cap. We also would prefer if Huobi would provide larger leverage levels for those who would like to trade on margin. They also provide you with a range of links to the project in question. Configure your own coin alerts with this free crypto tool. These will be placed in the Huobi User Protection fund. These include such ventures as Mining, development as well as investing in blockchain based startups. It is hard for us to understand why they would have excluded coins such as Stellar and Cardano when they are widely traded at other exchanges. Since the founding, the exchange has grown as the markets have rallied. This is kind of like a local bitcoins version of the Huobi exchange. As you can tell, leverage is a double edged sword and you need to use it wisely. Credit Card Payments Buy cryptocurrency with your credit card via our partner. We will also give you an overview of how to make the most of the Huobi platform should you choose to use the exchange. At current prices this implies that the user will only be able to withdraw $600 a day which is severely limiting for those people who would like to trade with larger amounts of coins. Here you can toggle between the coins that you want to trade. If you are one of those traders who likes to code their own trading bots then you will want to make use of the Huobi websocket or REST API. Of course, if you are asking a general question then it is more than likely that someone has asked it before. This Huobi exchange review has confirmed to us that Huobi is indeed a reliable and effective cryptocurrency exchange. Whether this will change in the near term is hard to tell. As you can see, it looks very much the same as the standard exchange with the only addition being the margin management widget slightly above the order form. Before we get to the automated bots, it is important to discuss the SmartTrade feature. We were actually quite surprised at the Huobi withdrawal limits in that they were really restrictive. For example, if you are member of the first level of VIP trading group you will get 10% off of your fees. Speaking to Cointelegraph, a Huobi spokesperson denied the FSA's announcement, saying, “Huobi Global Limited is a Seychelles registered company under Huobi Group. This is not engaged by default so we would recommend that you activate it the moment you have an account. This is about in line with the other exchanges and is also what other traders are claiming in online forums. We will attempt to answer this by taking a deep dive into the exchange and give you everything that you need to know. While cryptocurrency users are naturally privacy conscious, one cannot see any easy way around this. Alternatively, if you would prefer to deal with them through emails then you can contact them on [email protected]. It also seems as if the local traders and OTC buyers are more willing to use other platforms. You will also need to bind the API key to an IP address. The top exchanges for trading in Cardano are currently Binance, Huobi Global, OKEx, Upbit, and ZG.com. Unfortunately we could not get an idea of what people thought about the app in the Google Play Store. You can bind it to multiple addresses but Huobi suggests that you only use a maximum of 4 for security. Like Huobi, the minimum allowance is 0.1 ETH and promises returns between 6% and 20% per year, paid daily. Another sign that Phemex is safe is that the core team consists of ex-managers and developers from Morgan Stanley. As you can see there is someone who is looking to buy 1 USDT for 0.85. You can find others listed on our crypto exchanges page. Surprisingly, you can also do verifications and registration straight on the mobile phone itself. Learn Bitcoin prices on Huobi… On the other hand, when you place an order and it is immediately matched, you are “taking” liquidity off of the books of Huobi and this means that you are a taker. Since the founding, the exchange has grown as the markets have rallied. This is done to make sure that no one has unauthorised access to your account through the key. They have quite a comprehensive FAQ section where they have extensive overviews and guides that you can read. Once you have done this, you can now take out coins on a “loan”. There were no other orders placed on the OTC market. Join millions of others and track your entire crypto portfolio in one place, get detailed crypto price and market information, and receive Signal updates directly from crypto team leaders. 24/7 security monitoring. The most important question though is whether it can be trusted? Many exchanges have fallen victim with the most stinging example being that of Mt Gox. In fact, for a good few of these coins, Huoubi makes up a sizable chunk of the volume. It also has many tools that day traders and technical analyst would find useful. The Huobi app is no doubt well laid out and relatively easy to navigate. RISK DISCLAIMER: This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading such instruments. Investment: [email protected] Apply to List: [email protected] Huobi also applies what they term a “withdrawal fee”. This is different from the other exchanges that will merely have a margin order form on the standard crypto exchange platform. Huobi only requires a working email address in order to first create your account. This is the standard plain vanilla cryptocurrency exchange where you can place your orders and trade coins based on the balances in your wallet. This is a better referral program than others where you will merely get a fixed commission. You will have to pay the taker fee for doing so. In terms of the trading chart itself, this is a Trading View chart. Blockfolio is the world’s most popular FREE Bitcoin & cryptocurrency portfolio tracker app, with support for 10,000+ top cryptocurrencies. They claim that they have top security and risk controls that have been developed by the likes of Goldman Sachs. In this review of Huobi, we are going to take a look at one of the most prominent cryptocurrency exchanges with roots in China. While the size of the exchange and the reach are important considerations for the trader, the most important criteria comes down to the impact on their wallet. In short, a well-established exchange with a strong reputation and a smooth trading experience. They will highlight each of the exchange features and then give you a short overview of what they are exactly. Below the charts you have all the order books and buy / sell walls. This happens when you place a limit order that is below the most recent price for a buy and above the most recent price for a sell. The daily rate of loaning USDT is 0.1% and the daily rate of loaning BCH, ETH, LTC, ETC, DASH, XRP, EOS, OMG, ZEC is 0.02%. This is because it is not listed in the play store and the user has to download the apk files. Users can deposit, trade, and withdraw digital assets on Huobi Global. Here you can find dealers who would like to trade with you based on particular parameters like payment options, currency and amount. Sign me in! One of them is through the chat app that is available right on the platform. However, this means that they will place restrictions on the amount that you are allowed to withdraw within a period / time. If you wanted to merely pull market data then you will be making use of the simple Huobi websocket API. You just have to hit “contact us” and they will open up the chat function. The CEO of Phemex, Jack Tao, worked for 11 years at Morgan Stanley as a VP specializing in developing algorithmic trading platforms. However, given the size and scope of Huobi, it is unlikely that they can ever do anything reckless with your personal documents. The JSON data type described in this document is defined as below: string: a sequence of characters that are quoted; int: a 32-bit integer, mainly used for status code, size and count; long: a 64-bit integer, mainly used for Id and timestamp; float: a fraction represented in decimal format, mainly used for volume and price, recommend to use high precision decimal data types in program This also comes on top of an announcement just prior that talked about the Huobi Security Reserve. Profits are settled in real time, enabling effective and efficient fund utilization. This is in fact quite a feet as even some of the most established exchanges now have fallen victim including Poloniex and the Bitstamp Exchange. This goes all the way down to 50% for those who are in the VIP5 level. Dedicated 20,000 BTC Security Reserve Fund. Before you can take any margin position on you need to make sure that you have the right amount of margin available in your account. Both cryptocurrencies and CFDs are complex instruments and come with high risk of losing money. It says: The HTs inside the protection fund will be used solely for security purposes and for user compensation in case of theft or a security breach. The other is that you could use an exchange such as Binance which has withdrawal limits up to 2 BTC in a 24 hour period or HitBTC that does not have limits. As you can see, these referral schemes can be quite lucrative. We will take a look at the asset coverage, support, fees, platform, support and numerous other factors for you to consider. It has much of the same functionality as the web platform. In response to criticism that they have fallen behind the times, the exchange beefed up their trading engine and added a wide selection of … Automatically monitor over 5000 crypto currency markets in 10 crypto exchanges: Binance, Bittrex, HitBTC, KuCoin, Poloniex, BitMEX, Kraken, OKEx, Coinbase Pro and Huobi! However, if you are going to be verifying then this does not really matter in the end. While protecting against the threat of a hack or loss is important, Huobi has gone one step further by creating a fund that will cover those affected from any losses should they at all occur. This shows confidence in the market. While Huobi appears to be a safe bet on a number of metrics, there are few things that we didn’t like and thought they could improve. Huobi group has its head office in Singapore and started off with only 10 employees. OKEx. We found the platform to be greatly efficient as well as well laid out and beginner friendly. Also, they launched a USDT rewards program for those who decide to use their Ethereum 2.0 staking service. To that end, Huobi’s fees seem to be some of the most reasonable and straightforward in the market. Advanced Mark & Index Pricing System to ensure a fair, transparent market, introducing verified data from spot exchanges like Binance, OKEx and Huobi. Huobi is also one of the first exchanges that was able to implement 24/7 customer service and have been able to service this with their massive increase in support staff. If you have used the Huobi platform and exchange and have had a pleasant experience then you can earn commissions for the friends that you refer to the platform. In terms of the UI, there is also the option to change the currency that all of your balances are displayed in as well as the color of the UI. For those traders who would like to trade amongst themselves with Over the Counter (OTC trades) then they can make use of the OTC trading functionality on Huobi. Once you have taken out the loan, you will charged an interest on the outstanding position. So, should you use the Huobi OTC platform? Slight point to note is that these fees only apply to the fees that Huobi earns from the client trading and not from other fees associated with the account such as deposit fees. This is done by exchanges in order to prevent the threat from money laundering and is starting to become the norm with a number of exchanges requiring it as mandatory. We think that Huobi was able to achieve this quite well. As with their coin overview page, you can also see a breakdown of the coin as well as helpful links at the bottom of the exchange. It is also quite impressive that Huobi has set up reserve funds that will act as insurance in the case of any hacks or unforeseen breaches. — Huobi (@HuobiGlobal) November 29, 2020. What you will notice when you first login is that you can select three different trading platforms between the Huobi OTC markets, the standard exchange and the margin trading exchange. Below are the withdrawal limits per time and per day for the top 5 coins in market cap. Users can also select the HADAX platform which is where voting takes place for coin listings. GET YOUR FREE CRYPTO MARKET SCANNER NOW! The fees themselves are pretty simple at 0.2% across the board for all assets for both the maker and the taker fee. Huobi Inc. Name of Representative Si-Duk Park Business Registration Number: 420-87-00883 2F Metlife Tower, 316, Teheran-ro, Gangnam-gu, Seoul, Republic of Korea. This is in all essence just a much larger OTC trade and a single order that is usually too large for most of he regular OTC traders. 24H turnover of Huobi Global 66,271,366,067USD. This can be accessed in the header of the trading platform. You head on over to the API management section of your account. The latter was founded in 2013 by Leon Li and was one of the largest cryptocurrency exchanges in China. For those traders who like to trade on the margin, then Huobi has a separate platform for you to do just that. However, it is still a relatively attractive way for you to enhance your returns with borrowed money. For example, leverage rates are 5X at Kraken and up to 100X at leverage at Bitmex. To address these concerns, Huobi has adopted a compliance-focused approach which has helped it provide millions of users globally with safe, secure and regulated trading services. The Huobi.pro exchange is a subsidiary of the Huobi global group. Huobi; Kraken; SmartTrade. They are so restrictive in fact that no trader who wishes to remain anonymous would use their exchange. In order to do this they will need some personal identification. You can transfer this in by selecting the “transfer in” link in your balance widget just below your chart. This can be done in your Huobi API management section. However, they have at least 50 other coins that you can trade on the exchange. While these are just offices of Huobi, they claim that they have traders who come from over 130 countries around the globe who use their platform. If you also wanted the bot to also place trades in your account then you will want to use the REST API. The reputation of OTC exchanges such as Local Bitcoins, Local Monero and Local Bitcoin Cash is sufficient for most users. 2. Huobi Global is incorporated in the Seychelles and may not be legal or regulated in your jurisdiction. Huobi is one of those exchanges that you can use without handing over KYC documents in order to run an account. In addition, Huobi Wallet is a safe, reliable and convenient digital wallet integrating markets of multi-chain assets, cross-chain exchange, DApp, and other functions. Editors at large. They appear to have a majority of coins in the top 10 of market cap expect it seems as if they do not have Stellar (XLM) and Cardano (ADA). While customer support is often overlooked, it is perhaps one of the most important considerations when it comes to choosing which cryptocurrency exchange you want to trade with. What this shows is that there is very little interest and liquidity. The funds are paid to you in the form of USDT or “points”. It is also important to note that you should never give your API key to someone else as this will compromise your account and allow them to manipulate the pricing on the exchanges. 1.IOST Wallets are developed and contributed by developers in IOST community. Kraken is considered an instituion by many. These fees will be deducted from the total amount that you trade for BTC. Another thing that Huobi is well known for is the range of cryptocurrency assets that they offer. Huobi puts this down to their experience as an exchange (over 5 years). Well, when we logged on there were only 2 ads running for the USDT. While there is room for improvement as mentioned, these are relatively minor and should not detract you from using the exchange. However, there is a catch with the Huobi invite program and that is that the cashback period is limited. Leverage at Bitmex documents in order to run an account and start trading using the Huobi platform should you to... 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