Huobi crypto exchange was founded by Chinese developers. Leon Lee, after working long enough at Oracle, decided to start his own project. In the spring of 2013, he bought the huobi.com domain. In the summer, we managed to launch a working platform, although it is still in test mode. After checking all the mechanisms in the fall, the site began full-fledged work.
In the same year, the project attracted the attention of many large funds; word of the exchange spread in the cryptocurrency community. Funds such as Dai Zhikang and Zhen were the first to invest large sums. Already in 2014, the crypto exchange received the first money from the institutional investor Sequoia Capital - USD 10 million. With the growing popularity of the exchange in the world, its trade turnover increased, which by 2016 reached the psychologically important mark of 1 trillion yuan, which is equivalent to $ 144 billion. By the end of the year, trade exceeded $ 250 billion.
The exchange is in the cryptocurrencies business for a long time and it is named in one of the initial exchanges in the world. Huobi secured investments from well-known names in the venture capital industry like Sequoia. The organization employed more than 1,300 talented people around the globe to run its operations in over 130 countries.
How to register and go through verification
When you register, you will automatically receive a message from the exchange by email. You will need to follow the link from the letter to activate your profile. During registration, you should indicate real information, because the exchange has a serious control system. Most likely, the site's security service will not confirm the profile with fake data.
Huobi requires the following information:
As usual, to confirm the passport data, you will need to take a photo along with the expanded passport main page. Photos should be of high quality without any traces of Photoshop. Name, date of birth and other data must be distinguishable. In addition, you will have to send scans of all passport pages to the support service. The phone number is confirmed as standard via SMS.
Huobi Global Benefits
Over 6 years of experience in digital assets since 2013
What digital currencies can you trade on Huobi?
The crypto exchange's own token Huobi Token (HT) is developed based on Ethereum technology according to the ERC-20 standard. With its help, it is convenient to pay exchange commissions, and HT also allows you to become a member of the exchange's VIP club.
To date, approximately 0.5 billion Huobi tokens are circulating in circulation. The HT price has been steadily increasing throughout 2019 and has now nearly hit the $ 5 mark.
Crypto exchange Huobi allows users to apply three types of orders:
Market - allows you to buy and sell digital currencies at the market price.
How to deposit and withdraw funds
You can withdraw funds from your account on the exchange using the Balances toolkit. To replenish your account, you need to transfer digital currencies to the address specified in the settings of your personal account.
You can withdraw any cryptocurrencies, including the rarest ones. However, it should be borne in mind that different commissions are set for each digital currency on the exchange.
It is easiest for beginners to buy digital currencies using the Huobi OTC platform. It can be used to pay in national currencies, dollars, euros, rubles, etc.
At the same time, the commissions for trading the internal token of the HT exchange will be lower - this is the so-called "support system". As we wrote above, the owners of the platform tokens can join the VIP club and reduce the commission for conducting operations. There are five levels of membership, on the first level the commissions are reduced by 10%, and on the fifth - by all 50%! In other words, depending on the level of membership, commissions will range from 0.18% to 0.1%.
How the security of trading on the exchange is maintained
Linking an account to email is considered the most vulnerable to hacks. All accounts have it by default.
You can contact the service by phone, email, Telegram and using the application form on the website. Service workers usually respond after a few days. Huobi users generally appreciate the work of the support service, note the courtesy of employees and their desire to always understand the situation.
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