1 Level
6 Review
0 Karma
Review on Huobi Global by Tyler Sanderson
Huobi is one of China’s largest cryptocurrency exchanges. Launched in 2013 by…
Huobi is one of China’s largest cryptocurrency exchanges. Launched in 2013 by Leon Li, it’s headquartered in Beijing and has extremely high trading volume. Currency pairs include BTC, BCH, LTC, ETH and ETC, matched with the Chinese Yuan (CNY) and BTC. Because Huobi is intended for Chinese citizens only, it is not available in other languages and requires new signups to submit a variety of personal details including the user’s real name which must match the bank account associated with the account. Trading fees stand at 0.2% including trading in CNY and funds can be deposited by wire transfer, which incurs a 1% charge, or by OKPAY. Customers earn VIP points for trading activity on the platform. Following inspections by the People’s Bank of China in 2017, Huobi ended its margin trading service.
Pros
- Over 100 coins available – 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
- Few and mixed reviews – when combined with the previous point, the feedback on this exchange isn’t that surprising. While you should always take this factor with a grain of salt, a lot of users have complained about Huobi (including in the comments section below this review). Some people believe the volumes traded on this exchange are fake and aimed at increasing their credibility (and potentially misleading clients).
