1 Level
6 Review
4 Karma
Review on Huobi Global by Georgia Davies
Businesses that want to trade on Huobi must first create an individual account…
Businesses that want to trade on Huobi must first create an individual account and then submit a Google Docs-based application form. The business application must include the following information:
Corporate name & corporate nationality
Name of authorized person
Contact information of an authorized person
Huobi User ID
IDs of board directors, shareholders and ultimate beneficiary
IDs of authorized account holders and operators
Business license or another official certificate of incorporation
Official proof of the relationship with board directors and shareholders
Board resolution
Letters of commitment
Power of attorney
Pros
- The only advanced trading feature Huobi offers is margin trading up to 3X. Leveraged trades are only available on pairings of bitcoin, dash, ether, ether classic, litecoin, omisego, ripple, tether, and zcash. Users must set up and fund a separate Margin Account before they can place margin orders. High rebates in the crypto exchange.
Cons
- A simple registration on the Huobi’s global site only requires an email or SMS verification. Once registered, you are free to deposit, trade and withdraw cryptocurrency. Huobi does set limits and fees for that activity which you can change by going through the full verification process. High per-transaction withdrawal fees. No stop-limit or other advanced orders.
