Review on Huobi Global by Rupanshu Kumar
Okay, So in this review i'd like to mention cons about this Chinese exchange…
Okay, So in this review i'd like to mention cons about this Chinese exchange first before going in to in-depth experience.
Issues and Cons:
-Pathetic customer service.
-Tough verification process.
-Slow service
-This exchange has been accused of falsifying trading volumes
-Lack of transparency
-Withdrawal fee is high for selective coins.
These were the cons that i personally experienced with this exchange. It is one of the top and old exchange for sure but they have been accused many times for falsifying the volume.
Though there are few pros of using this exchange that it has wide number of top performing coins and to be honest the user interface is impressive. It has its own platform token known as HT (Huobi Token) which is performing good in recession as well.
Last time i checked the trading fee was 0.2% which is not great nor to bad when compared to other exchanges. It has 24/7/365 customer service but is not of much use as per my experience as they never resolve the issue and say no all the time to your requests.
One of the most important thing that i would like to mention is that they conduct airdrops from time to time, though people always complain about unfair distribution or deceit in the distribution. Even i have experienced it personally.
One of another alarming issue for this exchange apart from the reports of faking trade volume is that they close accounts of customers without prior warning and details. So lack of transparency is definitely an area this exchange needs to work upon.
Though the exchange has few good features i would rate it as below average based on customer satisfaction, transparency and smoothness.
Pros
- Decent volume, top virtual currencies listed.
Cons
- Many cons, but customer service is the worst.
