A Short Introduction to Huobi Global
Huobi Global is a rapidly-growing crypto trading platform established in 2013 and is based on blockchain technology. The platform home page has listed different cryptocurrencies and corresponding exchange rates.
Supported Trading Pairs
According to January 21st, 2021 data, Huobi Global provides 340 pairs of crypto trading assets, among them the most famous cryptocurrencies are; USDT, HUSD, BTC, ETH, HT, and ALT coins. HT stands for Huobi Token, established by Huobi Group to support the Huobi ecosystem.
Spot Trading on Huobi Global
Huobi Global provides Spot Trading in three different forms including, Exchange, Margin, and Brokerage OTC.
The exchange tab provides regular crypto trading. The margin trading tab offers a margin crypto trading facility by transferring crypto assets from the regular Huobi exchange wallet.
Huobi Global introduced a new feature of Brokerage OTC (over-the-counter) to facilitate institutional investors in large order executions.
Derivatives on Huobi Global
The Derivatives exchange consists of Futures, Coin-Margined Swaps, USDT-Margined Swaps, and Options.
Huobi Futures is a sort of crypto derivatives. Traders can achieve gain from the rise and fall of cryptocurrencies prices either by going long or selling short using their market assessment, analysis, and predictions. Various terminology regarding Huobi Futures trading, the procedure to conduct futures, Leverages, and understanding of the associated risks are available here.
Like Binance, Kraken, and Bittrex, Huobi Global is also one of the busiest crypto trading platforms and has developed a mobile application called Huobi App that can be used for buying and selling of cryptocurrencies like Bitcoin, Ethereum, and other altcoins.
Margin Trading at Huobi Global
Huobi Global offers to Trade with up to 5X leverage for spot trading.
Huobi Global have provided the most advanced recent feature of buying crypto assets through credit card and master cards are provided.
Huobi Global Security
The Huobi Global has developed specially dedicated multi-signature cold wallets. The Huobi Global has 24/7 security monitoring to safeguard client funds and has also reserved 20,000 BTC as Security Reserve Fund.
The Huobi Global has twitter, Youtube, and Telegram channels to provide its crypto traders with updated crypto news.
FAQs about Huobi Global
Is Huobi Global Available in the USA?
Huobi Global will not leave the U.S.A but would rather prefer to shift its U.S. based customers toward its “U.S. partner,” the San Francisco-based HBUS, a trading platform designated to serve the U.S. based cryptocurrency traders.
Is Huobi a good exchange?
Huobi is a leading global cryptocurrency exchange for many years. With outstanding crypto-assets security, customer support services, crypto listings, and trading fees. Huobi is one of the best choices for serious crypto traders.
Is Huobi Global Safe?
Being a leading cryptocurrency exchange, Huobi has been offering safe and secure services to its global users since its launch.
Is the Huobi wallet safe?
The Huobi Security team assures that its user’s crypto-assets are safe and secure.
Users are allowed to have a full grasp over their crypto-assets as they manage their private keys. Huobi claimed to have attained many patents regarding data security e.g., security isolation and data encryption. Huobi wallet support over 1000 different digital coins.
Does Huobi require KYC?
Huobi doesn’t seem to need any KYC documents prior to the crypto trade, but it provides an ID verification section in the settings area of a user’s account. Moreover, Huobi has various crypto withdrawal limits for verified and unverified accounts.
How do I buy Bitcoin on Huobi?
In order to buy Bitcoin on Huobi, the following steps are necessary,
log in to Huobi OTC homepage: otc.huobi.com.
Choose the crypto-asset that user wants to trade e.g., Bitcoin
choose the price and the payment method
Click “Buy BTC” and click “Confirm”.