Huobi is a Singapore-based cryptocurrency exchange. Founded in China in 2013 by Leon Li, the company now has offices in Hong Kong, Korea, Japan and the United States. In August 2018 it became a publicly listed Hong Kong company. Following a 2017 ban on Bitcoin exchanges by the Chinese government, Huobi stopped Bitcoin withdrawals. As of March 2018, Huobi processed around US $1 billion in trades daily.
Review Summarization – Items selected from various Internet reviews:
Other Distinguishing Factors: With maker and taker fees at around 0% to 0.2%, Huobi has become a favorite. The exchange also has different versions – the traditional Huobi OTC, which allows fee-free trading of cryptocurrencies with fiat currency, and the Huobi Pro, which allows for more advanced trading capabilities. Huobi is the third largest exchange by volume and has recently registered to accept U.S. customers. Huobi now offers its services to users across more than 130 countries around the world.
What cryptocurrencies can be bought: Check the Huobi website, since the traded coins and pairs are always changing, due to the firm’s choice to offer a massive number of options. Depending on the day, the literature on the net claims there to be crypto trading pairs of from 190 to 248. Keep in mind that every exchange has a set rules that a coin system must comply with or be faced with possible delisting.
Exchange Fees: Huobi’s fees are cheap, one reason for its popularity. The maker and taker fees can range from 0% to 0.2%.
Security Precautions: Huobi claims to offer a decentralized structure and anti-DDoS protection system, with more than 98% of its digital assets stored in multi-signature cold wallets. It’s also an established platform that’s been operating since 2013, which is a long time in the crypto world.
KYC and AML Information: When you sign up for an account with Huobi, you’ll need to enter and confirm your email address. You can also link and verify your phone number, plus enable 2-factor authentication using Google Authenticator. You’ll also need to provide a photo of your passport before your account can be fully verified.
Customer Service: If you have a problem with a transaction or your account, Huobi claims to offer customer support 24 hours a day, 7 days a week, 365 days a year. You can access the support team via live chat or opt to leave a message instead. There’s also an online help center with answers to a selection of FAQs.
Huobi is operated by Huobi Global Limited, a company incorporated in the Republic of Seychelles. This cryptocurrency financial services group was established in September 2013 in Beijing. Having originally concentrated on the Chinese market, Huobi began focusing on crypto traders around the globe following the Chinese government’s crackdown on cryptocurrency exchanges in 2017. Huobi Global now offers its platform to users in more than 130 countries and has offices in Singapore, the United States, Japan, Korea and Hong Kong.