1 Level
6 Review
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Review on Huobi Global by Georgia Birch
In matters to security of trading at the exchange, Huobi offers a…
In matters to security of trading at the exchange, Huobi offers a decentralized structure and anti-DDoS protection system. It claims that more than 98% of its digital assets stored in multi-signature cold wallets.
Having been in operation from 2013 means they have good experience in running an exchange. The exchange also offers a 24 hours a day and 7 days a week of support for those needing assistance. There are also pre-trade education programs for new users
Pros
- The limit for the ETH/BTC and LTC/BTC pairs is the same as that of BCH/BTC. To start trading, you will need to enter and confirm your email address on the exchange. You can also link and verify your phone number and even enable the 2-factor authentication through the Google authenticator, and this ensures more security for your account. Also needed is a photo of your passport before you are able to have the account verified.
Cons
- Unlike Binance, where everyone has access to reduced fees from the moment they own BNB tokens, Huobi proposes a subscription scheme. The scheme works with five tiers, as shown below. The current fee on Huobi, for all users, is 0.2%, in comparison with the 0.1% proposed by Binance. However, by subscribing to the VIP fifth tier, Huobi’s fees can be reduced to match Binance’s.
