Huobi Global Review 2020
Huobi Global Limited is a leading blockchain service provider that has been in operation since 2013. It has over 234 crypto assets available for trading online via the provided trading platforms. They offer up to 3 times leverage for spot trading and has a daily trading volume of over $9 billion.
The Huobi team is dedicated to providing safe, professional, trustworthy, and world-class services to its global clients across 130+ countries. Huobi Group is working with Argentina, Russia, Thailand, Nigeria, and many countries along the “Belt and Road” on the development of blockchain technology and real-world blockchain applications.
Huobi Global Review 2020, Pros & Cons
- Multiple intuitive trading platforms
- A minimum deposit of just $50
- A good selection of educational resources
- 24/7 customer service support
- Vast range of cryptocurrencies for trading
- Not regulated
- Cryptocurrency trading only
- No stocks, commodities or forex trading
- No MetaTrader trading platforms
- No USA clients
In this detailed Huobi Global review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Huobi Global is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Huobi Global.
Huobi Global Review: Summary
As a world-leading company in the blockchain industry, Huobi Group has a mission to make breakthroughs in core blockchain technology and integrate blockchain technology with other industries.
Huobi Group has expanded into the public chain, digital assets trading and wallet, mining pool, proprietary investment, incubation, digital asset research, and more. They are establishing a global digital economy industry ecosystem by investing in over 60 upstream and downstream companies in the blockchain industry.
As a digital assets service provider, Huobi is ahead of its main competitors in establishing a global network of licenses. It has over 1,300 employees and established subsidiary companies and partner companies in 12 countries, including the U.S., Japan, Thailand, Gibraltar, and others.
The exchange provides traders with multiple intuitive trading platforms for trading over 234 crypto assets including the most popular ones such as USDT (Tether USD), BTC (Bitcoin), BCH (Bitcoin Cash), ETH (Ethereum), XRP (Ripple), LTC (Litecoin), BTG (Bitcoin Gold), Dash, ETC (Ethereum Classic), EOS, Qtum, and more.
Huobi Global Review: Regulation
Huobi Global Limited is a company incorporated in the Republic of Seychelles under the laws of the Republic of Seychelles. They are not regulated by any known financial authority. The trading brokers review team would take great caution if proceeding with an unregulated broker or exchange as they cannot offer the same protection that a regulated service can.
Huobi Global Review: Countries
The Huobi Global exchange offers its services to residents of countries or jurisdictions where its services will not be contrary to local laws and restrictions. It offers its services to its global clients across 130+ countries, not including the USA.
Some Huobi Global features and products mentioned within this Huobi Global review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Huobi Global Review: Trading Platforms
Huobi Global Trading Platform
The Huobi Global trading platform offers traders access to bitcoin and digital exchange. It is available as a desktop application for Windows and MAC computers and as a mobile trading app for iOS and Android devices.
This is the leading global over-the-counter (OTC) platform for digital assets trading. It is designed for Android and iOS devices and can be downloaded from the respective app stores.
This is the Huobi’s social platform; it enables traders to know more about blockchain trading. The platform is available as a mobile app for Android and iOS devices, which can be downloaded from the relevant app stores.
The Huobi Pool is a mobile app that is compatible with Android and iOS devices. It offers a new experience of mining by enabling traders to earn coins by lock-in, voting, and mining.
The Huobi Wallet is a professional multi-crypto wallet that offers clients secure management of digital assets. It can be downloaded from the Apple store and Google Play Store for iOS and Android devices respectively.
Huobi Global Review: Trading Tools
The Huobi Trade API allows clients to submit transaction requests with HTTP POST methods in order to buy, sell, or trade Bitcoin and other cryptocurrencies. Traders can also use the Trade API to check and modify existing orders, return account balances, and perform account maintenance.
Huobi Global Review: Education
The Blockchain 101 section on the Huobi Global’s website has a range of animated videos that explain some of the key things that you need to know about blockchains such as the fields suited for the application of blockchain and the drawbacks of blockchain.
The exchange has a blog on its website, which contains a vast array of trading articles that keeps the traders informed about the latest events and factors that move the cryptocurrency markets.
FAQ & Guides
The Huobi Global website has guides and FAQs that contain a range of articles and instant answers to some of the more frequently asked questions related to their online crypto broker services.
Huobi Global Review: Trading Instruments
Huobi Global offers clients access to trade over 234 crypto assets, including the most popular ones such as USDT (Tether USD), BTC (Bitcoin), BCH (Bitcoin ABC), ETH (Ethereum), XRP (Ripple), LTC (Litecoin), BTG (Bitcoin Gold), Dash, ETC (Ethereum Classic), EOS, Qtum, and others.
Huobi Global Review: Trading Accounts & Fees
The Huobi Global exchange offers the Huobi Trading Account: it has a required minimum deposit of $50 and gives traders access to exchange over 234 crypto assets. This account enables clients to buy and sell cryptocurrencies with credit cards.
There is also the Institution Account which is designed for professional traders. It offers professional traders various high-frequency and low-latency trading solutions, such as colocation options, to meet trading demands. Huobi provides the OTC loan, locking, and mining, and other one-stop services along with a 24/7 operational and technical support for its professional traders.
However, before signing up for the Institution Account, institutional users need to authorize the binding of your Huobi Global account. If you are new to Huobi, you will need to sign up first and bind your Huobi Account.
As broker fees can vary and change, there may be additional fees that are not listed in this Huobi Global review. It is imperative to ensure that you check and understand all of the latest information before you open a Huobi Global broker account for online trading.
Huobi Global Review: Customer Service
Huobi Global provides clients with a dedicated customer support team that is available 24/7 to offer traders any general, technical, or account-related assistance they may need. They are available via telephone, email, and online live chat, or by filling the form provided on the website. The customer support team aim to respond within 24 hours.
Huobi Global Review: Deposit & Withdrawal
To deposit into your Huobi Global trading account, click on the ‘login’ button on the website and login to your account. Next, click on “Balances” and choose the currency you wish to deposit and click on the corresponding “Deposit” icon, as displayed below.
Then, you will be able to check your desired cryptocurrency deposit address and send the cryptocurrency to the address. You may choose to copy the deposit address or scan the QR Code.
Huobi Global also provides credit card deposit service through Simplex, which is an EU-licensed financial institution providing reliable payment processing solutions worldwide. This service allows Huobi users to use a Visa or Mastercard to deposit USD or EUR, which can be used to buy BTC / ETH / XRP / LTC for trading on Huobi Global products.
For withdrawals, log in to your Huobi account, and click on “Balances” and choose the currency you want to withdraw and click on “Withdraw”.
Then, input the amount and withdrawal address in which you want your cryptocurrency to be withdrawn to and click on “Withdraw”. The authentication screen will appear, then click on ‘Confirm’. Once the withdrawal request has been submitted, you may check on the status of your withdrawal by clicking on “Track Withdrawal Status”.
Huobi Global Review: Account Opening
To open an account with the Huobi Global exchange, clients are required to undergo the following easy steps: Click the “Sign Up” button on the top right-hand side of the website as below.
Next, register for a Huobi Account using your mobile phone number or email address and then fill in the fields as below. Please, choose your Nationality correctly as it cannot be revised after registration. Your password must be 8-20 alphanumerical characters with at least 1 letter; it cannot be only numbers.
Optionally, you can key in any referral/invitation code that may have been given to you by your referrer. Once your account has been created and verified, you can fund your account and start trading when you feel ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
Huobi Global Review: Conclusion
Founded in 2013, Huobi Global is an online cryptocurrency exchange that offers clients access to trade over 234 cryptocurrencies. The Huobi team is dedicated to providing safe, professional, trustworthy, and world-class services to its global clients across 130+ countries. The exchange offers a good choice of sophisticated trading platforms and educational materials. It also has a 24/7 customer support team to assist traders.
Despite this, Huobi Global are not regulated and only offer cryptocurrency trading. They do not have the popular MetaTrader platforms and clients cannot trade forex, stocks or commodities with them.
Digital assets trading is highly risky and therefore not suitable for the vast majority of people. You acknowledge and understand that investment in digital assets may result in partial or total loss of your investment. You acknowledge and understand that digital assets may generate derivative risks. Therefore, if you have any doubt, you should seek assistance from a financial adviser first. Furthermore, aside from the above-mentioned risks, there may also be unpredictable risks. Therefore, you should carefully consider and use clear judgment to assess your financial position and the abovementioned risks before making any decisions on buying and selling digital assets; any and all losses arising therefrom will be borne by you and we shall not be held liable in any manner whatsoever.