1 Level
7 Review
2 Karma
Review on Huobi Token by Janhenry Fano
Huobi used to be one of the leading crypto-exchanges in China, but went…
Huobi used to be one of the leading crypto-exchanges in China, but went through a lot of different phases. Nowadays they have a more global focus and embrace a lot of altcoins. While the exchange looks better than ever, the shadows from the past still lurk over it.
Keep in mind, a certain level of counterparty risk will always be present in the cryptoverse. On the other hand, some of the forex brokers, which provide crypto are overseen by regulatory agencies. This makes trading with the much safer. Check out link for more information.
Pros
- The costs of trading at Huobi are currently set at 0.20% of the total transaction value. They used to distinguish between market “makers” and “takers”, but this is no longer the case. Huobi has become somewhat of an “altcoin heaven”, with the constant additions of new assets. The list may grow even further in the future, but currently features a lot of the “major” coins: BTC, ETH, XRP, LTC, IOTA, XEM, DASH, NEO and many more. Trading is done vs BTC, ETH and USDT.
Cons
- Huobi used to be entirely oriented towards China, even accepting Yuan deposits directly and offering trading against the local currency. The legal developments in the country forced them to change their strategy, but they are predominantly targeting Southeast Asia. there are reports of various attacks against the exchange, with one allegedly leading to the loss of BTC 12,000. Obviously, this does not inspire confidence.
