Crypto exchange Huobi. Review, registration.

Huobi

CryptoExchange Huobi becomes more and more recognizable. There is nothing to be surprised, because its development is dynamic, and every person who buys Bitcoin should get started with this promising platform.

If the name of the exchange seemed Asian to someone, then he was not mistaken. Huobi was founded in China and is currently headquartered in Hong Kong. But it's available in over 100 countries!

History and facts about Huobi

The exchange was established in 2013. Today it is a leading platform and an important player in the digital economy industry, taking an active part in the development of the blockchain market. Huobi Group has expanded its activities to include public network, digital asset trading, wallet, digital economy research, etc.

Huobi Group has licenses in many countries including Japan, South Korea and Gibraltar. One of the founders and current CEO is Leon Lee. Tsinghua University Automation Department graduate and entrepreneur. Prior to founding Huobi Group in 2013, he worked for Oracle (the world's largest database provider). He is a pioneer in the research and promotion of blockchain technology. He confirmed this by turning Huobi into one of the largest and most modern cryptocurrency exchanges in the world.

Advantages of the exchange

The platform is distinguished primarily by the interesting Huobi Earn option, thanks to which you can make good money on your cryptocurrencies. Therefore, instead of simply holding your assets, you can transfer the share of tokens to flexible income (Flexible Earnings) and fixed income (Fixed Earnings), which will generate APY (called annual percentage income). In addition, Huobi regularly offers Featured Earnings promotions with even better conditions. In both flexible and fixed income, you can find many cryptocurrencies to choose from, such as Bitcoin, Ether or Litecoin, as well as NFT tokens.

You can lock your cryptocurrency on Huobi and get free giveaways of new tokens.

Crypto exchange Huobi also has a derivatives trading platform with multiple contracts and flexible leverage. In addition, users can use advanced concepts (including Huobi Security Fund) to manage risk. This protects assets, avoids price fluctuations in the spot market, and prevents manipulation.

The trading bot – Grid Trading is also available in beta. This is a trading strategy where users can automatically buy low and sell high in a certain price range using a special program. In a volatile digital asset market, using Grid Trading can be more helpful in preventing bad trading decisions being made by people.

Huobi Token (HT)

An important feature of the Huobi exchange is the Huobi token (HT). Many may already be familiar with this concept on other platforms such as Binance (BNB) or Kucoin (KCS). Huobi Token is the global stock exchange currency. HTs issued and managed by the blockchain network can be used both in the internal trading of the platform and in any other places, taking into account the Huobi ecosystem.

Huobi token holders can enjoy various benefits such as reduced transaction fees and also receive rewards. What's more, HT retains its value through regular buybacks and destruction.

Registration and verification on the exchange

To use the basic functions of the exchange, a simple registration by e-mail or your phone number is enough. However, this type of account on the Huobi cryptocurrency exchange has many limitations, including a low withdrawal limit or the inability to use Huobi Earn.

To verify your account on Huobi, you need to send a scan of your ID, passport, or driver's license and provide additional personal information. The process takes up to 24 hours.