1 Level
6 Review
4 Karma
Review on Huobi Global by Alicia Iqbal
The commission depends on the currency used and it's trading volume. A trader…
The commission depends on the currency used and it's trading volume. A trader who places an order pays 0.1% of the transaction amount. Anyone who closes a deal pays a commission, depending on the currency's trading volume for the last month.
When operating with US dollars, the commission is calculated as follows:
Up to 50 BTC — 0,2%.
From 50 BTC to 0.18%.
From 200 BTC to 0.16%.
From 600 BTC to 0.14%.
From 1500 BTC to 0.12%.
From 5000 BTC — 0,1%.
From 10,000 BTC to 0.08%.
Pros
- There are three types of orders on Huobi: Market Orders. Sale and purchase of coins at market value; Limit Orders. The order is executed once the price set by the trader is reached; Stop-Limit Orders. This order starts when a predetermined ‘stop price’ is reached Margin trading for Bitcoin and Lightcoin with a leverage of 1 to 5, as well as real time trading (flash trading) are also available on Huobi. Initially, the trading platform supported only Lightcoin and Bitcoin. Currently, Huobi's list contains about 150 crypto currencies, as well as the U.S. dollar and the Chinese yuan..
Cons
- For completing verification you need to upload the copy of your passport and the copy of the document, confirming your residential address. Chinese citizens can verify their identity by providing a passport, ID card, military ID or driver's license. It is also necessary to send a photo with this document in hand and a screenshot of the last three deposits. The final stage of the verification process is phone number validation. A guideline how to do this is available only in Chinese
