Review on Huobi Global by Fabrizio Zampieri

Name: Huobi Global
Item: Huobi Global
Rating: 5

April 26, 2018

Huobi is one of the largest Chinese exchange platforms. It’s based in Beijing…

Huobi is one of the largest Chinese exchange platforms. It’s based in Beijing, China. The trading platform was founded by Leon Li in September of 2013, and the company’s focus is on the Chinese market.
After recent exchange authorities ban, the operation simply moved its headquarters and its web address to the current Huobi.pro. According to Huobi.pro, the operation has set up several offices in Singapore, Japan and Hong Kong, and some of its operational departments are still active in mainland China.
The exchange supports more than 190 crypto pairs, broken up into three main markets: USDT, BTC and ETH. The BTC market is by far the most vibrant, with the most supported pairs, and the most newly added ones. In addition to these two categories, the market also features currencies added as a result of forks.
Deposits made in Chinese Yuan are free of charge. Deposits in US dollars are charged according to the following schedule.
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Pros

Huobi is one of the best Asian Bitcoin exchanges. Huobi invested many funds on security: they offer two-factor authentication, SMS and email notifications and PGP encryption for emails. Over 98 percent of the customer assets are stored in the multi-sig cold wallet, which outputs are limited to Huobi’s hot wallet. Huobi accepts fiat (yuan and Usa dollar). Great web-based trading platform, which is very powerful in every regard. Its charting features are superb. A variety of time frames are supported, charts can be customized and there are a surprisingly large number of technical indicators available. The exchange has a great support team which can be reached by phone, email, ticket or by social networks. The staff is very polite and willing to go above and beyond to resolve a problem. Typical response time is few hours. Huobi Labs is perhaps the most interesting feature of the operation. It is essentially a blockchain incubator, dealing with pre-ICO projects, assessing their viability, offering advice and guidance, and eventually giving startups the possibility to introduce their digital assets through Huobi.

Cons

There are two languages available – Chinese and English, but the website is only partially translated into English, and it’s still difficult to use for foreigners.