Huobi stands as one of the most prominent cryptocurrency exchanges originating from China, offering extensive altcoin coverage and robust trading features. This guide delves into its fees, security, platform usability, and more to help you navigate Huobi effectively.
Note: Huobi does not support users in the US or UK.
Overview of Huobi
Founded in 2013 by Leon Li, Huobi Global has grown into a top-tier exchange with offices across Asia and over 1,000 employees. Ranked as the 4th largest crypto exchange by volume, Huobi caters to traders from 130+ countries and diversifies into mining, blockchain development, and startup investments.
👉 Explore Huobi’s trading platform
Fee Structure
Huobi employs a straightforward maker/taker fee model, charging 0.2% for both roles—lower than competitors like Bitstamp (0.25%) and Coinbase (1.49%). VIP tiers offer discounts (up to 50% off fees).
Withdrawal Fees (Network Costs):
- Bitcoin: 0.001 BTC
- Ethereum: 0.01 ETH
- Tether: 20 USDT
Supported Cryptocurrencies
Huobi lists 50+ coins, including top assets like BTC, ETH, and XRP, though notably excludes Stellar (XLM) and Cardano (ADA). Liquidity is robust, with deep order books for most pairs.
Withdrawal Limits
Unverified users face restrictive limits (e.g., 0.1 BTC/day). Verification removes these caps but requires KYC documentation.
| Coin | Max/Day (Unverified) |
|-------|----------------------|
| BTC | 0.1 BTC |
| ETH | 2.5 ETH |
| XRP | 2,500 XRP |
Account Setup & Verification
- Sign Up: Email and nationality required.
- Verification: Submit ID for higher limits (~24-hour processing).
Trading Platforms
- Standard Exchange: Intuitive UI with TradingView charts.
- Margin Trading: Up to 3x leverage (lower than competitors like BitMEX).
- OTC Desk: Limited liquidity; better alternatives exist (e.g., LocalBitcoins).
Mobile App
Available for iOS and Android, mirroring web functionality. Includes registration and verification features.
Security Measures
- No historical hacks.
- User Protection Fund: 20% of net revenue backs HT tokens for breach compensation.
- 2FA & Cold Storage: Recommended for added safety.
Pros & Cons
Pros:
- Low trading fees.
- Extensive coin selection.
- Strong security track record.
Cons:
- Restrictive unverified limits.
- Missing top-10 coins (XLM, ADA).
- Margin leverage capped at 3x.
FAQ
Q: Is Huobi safe?
A: Yes, with no recorded hacks and a user protection fund.
Q: What are Huobi’s fees?
A: 0.2% for makers/takers; discounts for VIPs.
Q: Can US users trade on Huobi?
A: No—US and UK users are unsupported.
👉 Start trading on Huobi today
Final Thoughts
Huobi excels as a secure, low-fee exchange with global reach. Ideal for altcoin traders, though its unverified limits and leverage caps may deter advanced users. Continuous improvements and expansion hint at a promising future.
Disclaimer: This content is for informational purposes only. Conduct independent research before trading.
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