1 Level
6 Review
1 Karma
Review on Huobi Global by Joeann Rosenburg
Reputation Huobi has been open for business since 2013 and has never been…
Reputation
Huobi has been open for business since 2013 and has never been hacked. They were primarily a Chinese exchange with CNY currency options but have since moved into the global market and USDT. Customer experiences vary, with the usual sprinkling of salt, but our experience is that exchange is fast, secure and functional. The exchange moving away from China and into wider market-places, along with a massive increase in available coins and tokens over the past year or two shows they are making big successful moves in the crypto market-space.
Security
As you must expect from any exchange, 2-Factor Authentication (2FA), is available with Huobi via SMS or Google Authenticator App. Note: when starting a new account on any exchange it is extremely important to enable 2FA as soon as you create your acc. Huobi has never been hacked, showing their security is up to task.
Pros
- Huobi Fees Fee rates for market-maker and market-taker are both 0.2% which puts Huobi on the higher end of the crypto-exchange fees range. Huobi offers a points system; you can buy points in exchange for various fee discounts. Your fees will be deducted from your points balance.
Cons
- Huobi Support Huobi’s site has 13 different languages to choose from. Support is available through a ticket service on their site, they are active on Twitter and have Telegram for live support. Huobi Limits If you’re purely spot-trading Altcoins then you don’t need ID verification which makes signing up and trading straight away, seamless. But withdrawal limits are low compared to verified account withdrawal limits. Verification will also be required for margin and OTC-trading – one I.D. document (passport, driving license or residents ID card) plus a selfie with the ID to be submitted – it’s easy and painless.
