Huobi Global Review: Huobi Global is one of the cryptocurrency platforms that allows its users to do something extra with their cryptos, such as trading, exchange, staking, and lending, as well as buying and selling bitcoin and other cryptos via bank card, bank account, Western Union, SEPA, and many more.
So if you are considering Huobi Global to manage cryptos, then you are in the right place. Here, we bring you every detail of Huobi that will help you understand it deeply.
For a detailed Huobi Global review, keep reading.
Who is Huobi Global?
Huobi is a China-based digital asset trading platform that was launched in 2013 by Leon Li (Chairman, Founder/CEO), but due to the ban on cryptocurrency in China, it moved its headquarters to Singapore. Since then, it has become one of the world’s largest cryptocurrency exchanges, rather than a simple cryptocurrency exchange as it defines itself.
During the writing trading value of Huobi Global on CoinMarketCap is about $15,172,781,146.
Huobi Global Services.
The exchange offers many services to its users, including a wallet, a trading platform, a portfolio management tool, and an API that can be used to program bots or other applications. It also has its own mining pool (known as the Huobi Pool) that uses ASIC miners to mine popular coins such as Bitcoin and Ethereum.
Huobi defines itself as a crypto trading platform but offers almost every service, which makes Huobi more useful. If you look for services, it gives you the following services.
- Buy cryptos.
- Sell cryptos.
- P2P market.
- Exchange.
- Spot trading.
- Derivative trading.
- Crypto Mining.
- Crypto lending.
- Crypto saving.
- C2C lending.
- Crypto wallet.
Currencies and payment methods.
The exchange has been expanding its services over recent years as it continues to grow, and it now offers fiat-to-crypto exchanges, trading against both fiat currencies and cryptocurrencies, as well as margin trading. It also offers an array of advanced trading tools, such as trailing stop losses and automated trading bots.
Huobi has listed many cryptos and fiat for buying and selling with a huge variety of payment methods, while for trading, it has 315+ crypto assets.
You can use the quick buy/sell or P2P market to buy and sell cryptos. Below you can see quick buy/sell cryptos, fiats, and payment methods.
Quick Buy.
Cryptos: USDT, BTC, ETH, HT, EOS, BCH, XRP, LTC, HUDC, ETC, BSV, DASH, and HPT.
Fiats: CNY, USD, HKD, VND, MYR, TWD, KRW, RUB, AUD, CAD, SGD, GBP, EUR, PHP, INR, CHF, NGN, IDR, BRL, SAR, AED, TRY, NZD, ZAR, NOK, DKK, SEK, ARS, THB, COP, VES, ALL, BGN, PEN, CZK, HRK, HUF, MDL, MKD, PLN, RON, UAH, AZN, AZN CLP, CRC, DOP, GEL, ILS, KZT, MAD, MXN, NAD, QAR, UYU, UZS.
Payment Methods: Visa card, bank transfer, FPS, e-wallet, Alipay, WeChat, wallet balance, Western Union, POLi, BPAY, Interac e-transfer, faster payments, SEPA, iDEAL, and Sofort.
Quick Sell.
Cryptos: USDT, BTC, ETH, HT, EOS, BCH, XRP, LTC, HUDC, ETC, BSV, DASH, and HPT.
Fiats: CNY, USD, HKD, VND, MYR, RUB, INR, and TRY.
Payment Methods: As given above.
Note: Huobi has many payment methods, but that does not mean all will be supported in your country.
Huobi Global Fees.
Huobi Global does not show fees separately; they have already included them in the total amount. If you calculate the fees, it comes to around 3.49% of the amount via a bank card. While for trading, it charges different rates for different types of trading, which are as follows:.
Spot trading: Maker (0.07–0.2%)/Taker (0.2%)
Margin trading: 0.0343–0.098% daily.
Fiat trading: Maker: 35–90%/Taker: free.
Contract trading: Maker: 0.02%; Taker: 0.04%
Buying limits.
The minimum and maximum buy amounts differ according to your verification status and tiers. You can see the amount, which is given in EUR. For verification, you will need to upload the following documents:
Level 1: only requires verification and ID.
Level 2: purpose of trading; expected trading volumes per day or month; source of funds; monthly income size; employment status.
Level 3: proof of residential address, proof of source of funds.
Here, you can see how to complete verification.
Supported countries.
Like its name suggests, “Huobi Global” offers its services all around the world, but only in limited countries with fiat currency for deposit and withdrawal.
Australia, Cameroon, Chad, Canada, Denmark, France, Greece, Haiti, Iceland, Libya, Mexico, Nepal, Belize, Romania, Senegal, Cape Verde, Sri Lanka, United Kingdom, Eritrea, Gambia, Indonesia, Lebanon, Angola, Malta, Bahamas, Benin, Chile, Ghana, Gibraltar, Grenada, Serbia, Guinea-Bissau, Tonga, Kenya, Finland, Namibia, Oman, Palau, Jamaica, Solomon Islands, Kyrgyzstan, Tunisia, Montenegro, Peru, Sweden, Trinidad and Tobago, Yemen, Bahrain, Bulgaria, Colombia, Belarus, Cuba, Cyprus, Algeria, Burkina Faso, Cambodia, Kuwait, Russian Federation, Saint Lucia, South Sudan, Tanzania, Turkey, Virgin Islands, British, Japan, Malawi, Netherlands, Maldives, Botswana, Qatar, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Slovenia, Sudan, Taiwan, Tuvalu, Vatican City, Uruguay, Malaysia, Moldova, Nauru, Papua New Guinea, Zambia, Andorra, Bolivia, Afghanistan, Congo, Côte d’Ivoire, Laos, Dominican Republic, Mauritania, Egypt, Gabon, Morocco, Uganda, Nigeria, Swaziland, Vietnam, Austria, Barbados, Bosnia and Herzegovina, Djibouti, Equatorial Guinea, Comoros, Estonia, Fiji, Ethiopia, Mali, Hong Kong, Ireland, Italy, Philippines, Macedonia, Poland, Madagascar, Sierra Leone, Vanuatu, Panama, Portugal, Samoa, Saudi Arabia, Albania, Burundi, Guinea, Iran, Timor-Leste, Armenia, Bangladesh, Belgium, Kiribati, Lithuania, Bhutan, Mongolia, Cayman Islands, Myanmar, Niger, Rwanda, Sao Tome and Principe, Slovakia, Czech Republic, Thailand, United Arab Emirates, Ecuador, Germany, India, Liberia, Luxembourg, Liechtenstein, Marshall Islands, Monaco, Mozambique, New Zealand, Pakistan, Togo, Uzbekistan, Venezuela, Zimbabwe, Antigua and Barbuda, Croatia, Argentina, Guyana, Kazakhstan, Lesotho, Central African Republic, Norway, Paraguay, San Marino, Spain, Suriname, Switzerland, Tajikistan, Guatemala, Honduras, Iraq, Mauritius, Nicaragua, Singapore, Somalia, Azerbaijan, Brazil, Brunei, China, Costa Rica, El Salvador, Georgia, Hungary, Israel, Jordan, Latvia, Micronesia, Seychelles, South Africa, Turkmenistan, Ukraine, Isle of Man, Kosovo.
Huobi Security.
They have given as much as possible, like other platforms. Huobi uses a cold wallet to store 98% of its coins offline to protect them from theft.
For user security, it gives 2FA, email, phone number, and KYC verification. But most importantly, it has a clean history.
Support and Huobi Global reviews.
They use several social media platforms, and you can connect with them by using them. They also have a help desk that gives you all the answers to your problems.
To see users’ reviews, we went to several platforms, and the reviews were good and bad, or you can say the reviews were 50-50 percent.
The most negative review was about KYC verification. They said the verification process takes a long time to complete and asks for many documents and information. Some users also complain that Huobi requires many confirmations for coin deposits.
Positive reviews were about trading features. They said the trading features are both user-friendly and mobile-friendly. while some say the withdrawal process is quick.
TrustPilot Reviews: 3.1 stars; PlayStore: 4.0 stars
Huobi vs. other exchanges.
If you compare Huobi Global to other exchange platforms, then Huobi has a higher chance of standing in the first position.
Huobi vs. Coinbase.
Coinbase charges about 3.99%, while Huobi charges about 3.49%. The only difference is that you will find Coinbase supports limited countries, while Huobi supports the world. Also, Coinbase has only a simple exchange, while Huobi has an advanced exchange feature.
Huobi vs. Binance.
Binance is popular among users but supports few payment methods, while Huobi supports many payment methods. Both Binance and Huobi charge about a 3.50 percent fee.
Huobi vs. Coinmama.
Huobi Global does not stand before Coinmama because of the fee. It charges of about 5.9 percent, while Huobi charges about 3.49 percent, but both are supported worldwide.
Huobi Global Review: Is it worth using?
There are several features that make Huobi Global stand out from other exchanges, such as the Huobi global advanced order matching engine that makes it possible for users to place orders at any time of the day or night, as well as its high-frequency trading platform, which allows users to trade their large orders in very short periods of time (seconds), thus making this platform ideal for traders who need fast execution times but still want to enjoy high liquidity levels on their trades!
Well, it looks worthwhile to use because it has a clean background history and it supporting all over the world. The most widely used feature users look for is a bank card. Then yes, it supports VISA and Mastercard to buy and sell BTC and charges about 3.49%, which is pretty fair.
Not just bank cards, you also have several ways to buy and sell your first bitcoin, like SEPA, bank account transfer, E-wallet, and many more.
What is your Huobi Global review? Are you going to use it, or are you already using it? Tell us about your experience. We are really excited about hearing it.
