Review on Huobi Global by Temitope Babatunde
Is Huobi Global Dependable
HISTORY
Former oracle engineer Leon Li began the journey of Huobi, when in the early part of 2013 decided to bought the domain name and before the end of that same year, Huobi was rolled out for business. It quickly captured its environment especially Asia. In 2017, Huobi moved to Singapore due to unfriendly law against crypto in China before expanding its services to Japan, Korea, Russia and international.
BUSINESS ACTIVITIES
Just within 3 months of commencing business Huobi was able to turnover $4billion and by the end of 2014 that amount has been quadriple. There are lots of altcoins one can trade on Huobi. There is institutional trading account for large corporations.
FEES
If you want to deposit any coins it is free, but withdrawing will attract certain fee depending on the coin you're withdrawing, there is minimum of each coin you can withdraw but same fee. For trading, there is 0.2% fee both for takers and makers but if you hold the native token of Huobi which is HT the fee will be reduced by half.
SECURITY
At Huobi, protection of customer assets is their priority, that is why they have User Protection Fund, this serves as insurance against the customers asset. The entire platform is also protected with latest technology been put in place to secure the entire system.
CUSTOMERS SUPPORT
There is on the spot customers support service put in place at Huobi, there are various ways of reaching out to them when in need.
WEBSITE
There are different websites established by Huobi to cater for its customers, that is why when registering one must be very careful to chose the correct one. For instance, there is Huobi international for all citizens of world, but there is another one for the Americans.
Pros
- Very many available trade pairs.
- Superb customer service having improved over the years
- Huobi has user protection fund which serve as an insurance for the users
Cons
- Excessive confusing domain names.
