Looking for an exchange to trade cryptocurrencies? Meet Huobi Global

Key facts

:

  • Some of Huobi’s services include spot trading, primepool and staking.

  • Today, the platform is ranked third in CoinMarketCap’s exchange rankings.

This article contains referral links. Learn more.

Choosing an exchange to trade cryptocurrencies is not an easy task, due to the wide variety of options available. How can you select the one that best suits your needs? It will depend on several factors. What we can tell you is that Huobi Global is one of the largest bitcoin (BTC) trading exchanges

in the world.

It is an exchange founded in China and, although it focuses on the Asian market, you can access it from more than 130 countries, including Spain and several Latin American countries.

Is this your best alternative to trade cryptocurrencies? What are the advantages and disadvantages that you should take into account to trade bitcoin on Huobi? Find out the answer in this review

.

What is Huobi?

huobi-cryptoexchange huobi-cryptoexchange In Huobi you can trade bitcoin and altcoins safely. Source: Huobi Global.

Huobi Global is an exchange or exchange house that has been in the market since 2013, which makes it one of the oldest in the ecosystem. Its headquarters is located in Hong Kong, and is one of the options for bitcoin trading

in Asia, although its presence in Latin America has grown significantly in recent years.

It ranks in the top three of CoinMarketCap‘s exchange

rankings, with a 24-hour trading volume of more than USD 12 billion at the time of writing. Today, some 10 million users are part of its platform.

According to the company, customer satisfaction comes first. That is why they ensure that they take all measures to offer good quality financial services. Its high liquidity and wide variety of products make Huobi an attractive platform for cryptocurrency trading

.

About Huobi Global’s services

Spot trading

huobi-grafico <img width=”698″ height=”351″ src=”https://yellowrocketagency.com/wp-content/uploads/2021/09/huobi-grafico-1..png” alt=’huobi-grafico’ /> Huobi spot trading section. Source: Huobi Global.

One of the most in-demand services on Huobi is spot trading

, which is the buying and selling of assets with immediate delivery. There are over 300 cryptocurrencies to trade, including the most popular ones like bitcoin (BTC), ether (ETH), tether (USDT), litecoin (LTC), dogecoin (DOGE), XRP and bitcoin cash (BCH).

One thing we liked about the platform is its trading bot, which is helpful for all types of users. This bot

allows you to set the buy or sell limits manually or automatically. This way, you can apply the strategy that suits you best according to your needs.

Contracts

huobi-swap huobi-swap Huobi futures section. Source: Huobi Global.

With Huobi you can not only do traditional trading, but also access futures contracts, currency margin swaps and perpetual swaps. If you want a more advanced trading option, you will probably enjoy these exchange

services, as they are ideal for expert users because of all the features available.

Staking

and loans crypto-loans crypto-loans Access cryptocurrency loans with Huobi. Source: Huobi Global

Are you looking for a platform for staking

? Good news: Huobi has this alternative at your fingertips. You can receive rewards for acquiring and blocking cryptocurrencies.

Additionally, the company offers digital asset loans, which you can apply for without an endless list of requirements. That’s a plus for Huobi

.

Primepool

huobi-mineria huobi-mineria With Huobi’s Primepool you can earn profits for blockchain cryptocurrencies. Source: Huobi Global.

Thanks to the Primepool service, it is possible to receive rewards for blocking cryptocurrencies for a set period of time. So, if you’re looking for a way to earn passive income, maybe this one sounds appealing to you.

What do you need to do <

Trading

cryptocurrencies on Huobi?

As with other exchanges, the first step is to create an account to start trading

cryptocurrencies on Huobi. The data requested by the platform to register are country of residence, email or phone number and password. They sent us an email to complete the process, and that’s all we had to do to register.

Next is the Know Your Customer (KYC) verification, which we found a bit more demanding compared to other exchanges

. Note that the requirements change depending on the country of residence. Different identity documents can be used, including passport, driver’s license, military certificate or social security number.

You have the option to deposit with local currency or cryptocurrencies, but we’ll talk about this in more detail later. We found creating an account on Huobi to be a straightforward process, although a bit too long for our liking.

Features of the Huobi Global exchange

Security

According to the company, security is one of their strong points and they claim that the platform has never been hacked. They have invested a lot of resources in security measures, and in fact have gone through several third-party tests. They have two-factor authentication with Google Authenticator, PGP (Pretty Good Privacy

) encryption for emails and email and SMS notifications.

Users’ funds are stored in cold storage or offline. In addition, the exchange wallets are monitored 24/7 so the team can intervene immediately if there is suspicious activity. Overall, we are quite satisfied with the security methods of this exchange

.

Interface

huobi-global-screens huobi-global-screens Huobi has charts with data coming from TradingView. Source: Huobi Global.

The user experience of Huobi

is good most of the time, as long as you have a bit of experience with this type of platform. If not, you might have some difficulties at first, but eventually you will get used to the interface. It is available in English, Spanish, Italian, French, Chinese, Turkish, Portuguese, German, Russian, Spanish and four other languages.

Their website is easy to use and nicely designed, though not perfect. Some sections don’t have a specific description, so it was difficult for us to understand what each one was about. About their graphics, they give us all

the information you need to trade professionally, and the data comes from TradingView.

We have access to the order book, our history, the different assets to trade, order types and cryptocurrency trading parameters. If there’s one thing we really liked about Huobi, it’s all the tools they provide us with to make our experience the best it can be.

Mobile Application

Recently, their mobile app has been translated into Spanish. It’s a simple and convenient way to trade from anywhere and in the comfort of your mobile device. The app is available for iOS and Android devices. On Google Play, it has a very good average rating of 4.9/5, while on the App Store its rating is 4.7/5. We liked its minimalistic and elegant design.

Support and customer service

We were a bit disappointed by the support and customer service. There is abot-controlled chat box on the platform, but it wasn’t helpful in answering our questions. There is also the option to initiate a live chat, for which we had to provide details such as name and email. As for support via means such as Telegram, the response was faster than expected.

In the support section there are a number of articles that answer the most common questions from users, such as what the fees are, how to make deposits and withdrawals and the types of existing orders. Some of the articles are not available in English at the moment.

Payment methods

We have to admit that Huobi is one of the exchanges with the most payment methods we’ve seen, which is definitely a plus. There are more than 90 methods, including AirTM, Banesco, Apple Pay, BBVA, Google Pay, SEPA, Lemon Cash, Western Union, Paypal, Ualá and Mercado Pago.

We can buy cryptocurrencies with Visa or Mastercard credit card and, best of all, with no fees. Withdrawing or depositing digital assets is easy, we just need to enter the address of our wallet. Learn more about Huobi’s payment methods in this article.

Another plus point for this exchange house is that you can trade with a wide variety of national currencies, such as US dollars, Argentine pesos, British pounds, euros, yuan, Japanese yen and more.

Cryptocurrencies

How many cryptocurrencies can you trade on Huobi Global? With more than 300. So if you are a lover of cryptocurrencies, you can trade with more than 300.

altcoins, this is the cryptocurrency exchange

for you. TRON (TRX), ether (ETH), cardano (ADA), XRP, Polkadot (DOT), EOS and tether (USDT) are just some of the options. Although, of course, one of their most popular coins is bitcoin.

Liquidity

According

to CoinMarketCap, Huobi Global’s average liquidity is 623/1000 at the time of writing. That’s a pretty high average, and it’s only below Binance’s 696/1000. The most traded pair on this exchange

is ETH/USDT, with a liquidity of 937/1000. For the BTC/USTD pair, the average is 804/1000.

In which countries is it available

The exchange

provides its services in more than 130 countries around the world, including Argentina, Colombia, Mexico, Costa Rica, Brazil, Uruguay, Honduras, Spain, Peru, El Salvador, Chile, Guatemala, Paraguay, Nicaragua and Panama. If you are located in the United States, Venezuela, Bolivia or Cuba, we regret to inform you that you will not be able to trade on Huobi from these territories.

What are Huobi’s fees and commissions

?

Huobi’s trading commission is 0.09%, one of the lowest in the market. As for the fee for deposits and withdrawals, it varies according to the type of cryptocurrency you choose. Here you will find the exchange ‘s fees and withdrawal limits

for each of its digital currencies. huobi-tabla-comisiones huobi-tabla-comisiones Huobi fees and withdrawal limits. Source: Huobi Global.

Advantages and disadvantages

Advantages

  • Multiple financial services.
  • High liquidity.
  • Never hacked.
  • Wide variety of cryptocurrencies.
  • Available in more than 130 countries.
  • Many payment methods.

Disadvantages

  • Not available in all Latin American countries.
  • Platform not suitable for beginners.
  • Some support articles are not in English.

Conclusion: Is Huobi a good alternative for bitcoin trading

?

What is our final opinion

of

Huobi Global? This exchange surprised us, and in a good way. It is one of the platforms with the largest global reach and the most payment methods available. There are a variety of financial services beyond spot trading, such as cryptocurrency lending, staking

and more.

Its liquidity is one of the highest among all exchange platforms, it has never suffered a hack and has approximately 300 digital assets. But there are some disadvantages. For example, its services are not available in the United States, Venezuela, Bolivia or Cuba, and its interface may seem complicated to less experienced traders. If this is not a drawback for you

i, maybe Huobi Global is the exchange you are looking for.

The Review

Huobi Exchange

PROS

  • Multiple financial services.
  • High liquidity.
  • Never been hacked.
  • Wide variety of cryptocurrencies.
  • Available in more than 130 countries.
  • Many payment methods.

CONS

  • Not available in all Latin American countries.
  • Platform not suitable for beginners.
  • Some support articles are not in English.

Product Review

  • Security 0% Security
  • Interface 0%
  • Mobile application 0%
  • Support and customer service 0%
  • Payment methods 0%
  • Cryptocurrencies 0%
  • Liquidity 0%