Huobi, one of the most preferred cryptocurrency exchange platforms worldwide, draws attention for being Seychelles-based. Huobi, which was established in 2013 and has attracted attention in every method from spot trading to cryptocurrency trading, from secure and convenient payment methods to increase transaction volume, allows transactions with 57 different cryptocurrencies. It is possible to say that the platform, which demands low rates of up to 0.2 percent as a transaction fee, is the third-largest crypto exchange in the world in terms of the trading volume. If you want to learn more details by registering with Huobi, you are definitely right. In the continuation of our content, we will talk about how you can create a membership on this global website. If you’re ready, let’s start!
What is Huobi (or Huobi Global)?
Known as Huobi Global, this exchange platform is a hugely popular brand, offering more than 348 supported cryptocurrencies, allowing traders to trade easily. Serving not only with the web version, but also with the mobile version, Huobi allows you to make purchases and sales transactions with a total of 57 different official currencies, including EUR, USD, UAH, and RUB. The most popular methods on Huobi, which is popular for accepting many payment methods and thus providing ease of transaction, are: AdvCash, Cryptocurrency, SWIFT, Wire transfer, credit card & others
Huobi is one of the platforms that has done a lot of work to increase privacy and security since it was founded in 2013. The platform’s preferred methods to protect itself from hackers and cryptocurrency thieves include:
- Cold wallet storage
- Email notifications with 2fa
Don’t forget to check out the details of our review to discover more.
What are the Trading Fees and Expenses on Huobi?
We already know that Huobi Global allows transactions with a large number of cryptocurrencies. But what makes the platform different is that it has a very competitive policy on trading fees. The platform both demands low trading fees and offers various opportunities to investors by applying token discounts in certain periods.
The commission rates per transaction requested by the platform vary between 0.2 and 0.5. These commission rates apply to fiat and cryptocurrencies. Compared to very popular cryptocurrency exchanges such as Gemini and Coinbase, we can easily say that these rates are much more reasonable.
What are the Accepted Countries by Huobi?
Huobi, one of the most popular cryptocurrency exchange platforms in the world, is actively serving in more than 190 countries. Both investors and traders can easily trade with advantageous rates and payment methods here. However, individuals living in the USA, Canada, Japan, Iran, North Korea, and Crimea regions cannot use Huobi due to the user agreement and legal restrictions. Strict regulations regarding financial platforms and stock exchange sites in these countries create obstacles in the service process.
Looking at the economic and political atmosphere of recent times, it will be possible to say that the platform has reacted to some anti-cryptocurrency legal regulations in China. Some lucrative apps like futures are restricted by the platform for Chinese users. It is possible to say that many traders not only in China, but also in Taiwan, Israel, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Sevastopol and the UK region do not benefit from such features.
How To Deposit Money on Huobi?
Want to top up your Huobi account with USD? You can easily do this by following a few simple steps. It will also make your job much easier if you do not encounter a maximum limit when loading USD into your account.
- First, go to the Huobi official website.
- Then click on the Balances button that appears in the upper right corner. Select the Exchange Account (Deposit and Withdrawal) option from the drop-down menu you will see when you click this button.
- Then click on the “Balances” option.
- Once you see your balance, you can easily add USD here. Just click on the green Deposit button.
- Then specify your preferred payment method to do this. Four important wire transfer methods offered by the platform will make your job much easier. After making your selection, click the blue “Deposit” button.
- You need to specify in detail how much USD you want to deposit. Also, don’t forget to attach the Memo ID.
- Is it over? It’s that simple. You have loaded USD into your Huobi account!
How to Buy Crypto with USDT on Huobi?
If you want to buy cryptocurrencies on Huobi easily with the fiat balance in your account, the transaction will take a very short time. The most important advantage of this business is that many fiat currencies are supported for this purpose. Supported fiat currencies include EUR, USD, UAH, RUB, GBP, KZT.
Here are the steps to do the operation:
- Click on the Buy Crypto button on the far left of the main page. When you click here, the site will take you to the “Quick Buy & Sell” page.
- Then you need to go to the Buy section. Here you can choose which cryptocurrency you want to buy and which fiat currency to pay with. Also, if you specify how much money you want to buy cryptocurrencies, the system will tell you the average Bitcoin amount that this money will receive.
- Since you are transacting through Exchange Wallet, you do not need to enter extra payment method information. Complete your transaction easily via the Wallet Balance option. After pressing Confirm, you will see the transaction details. Numerical details such as fee, total share will be included here. Take a look and confirm for the last time if it’s right for you.
- That’s it, you made it!
Step by Step Huobi Registration Guide
If you want to register to Huobi, do the following step by step:
- First, go to Huobi’s official website. You will see the text “sign up” in the upper right corner. Click this button. If you wish, you can go to the same place by clicking the “Create Account” button on the main page.
- In order to register securely, you need to enter your email address and phone number. Enter the required information and fill in the verification codes.
- After the sign-up process, you need to enter the nationality information correctly. Remember, if you enter such personal information incorrectly, your account will not be verified and you will not be able to transact smoothly. Your credentials are important on exchange platforms.
- Set your password. Remember that the password you set at this stage must be between 8 and 20 characters. You cannot set a password that consists of numbers only, you must use at least one letter.
- Then if you are signing up with someone’s referral, use the referral code. If there is no reference from anyone, you can leave that section blank and click the blue “sign up” button below.
Is Huobi Legal?
Huobi is a stock exchange platform that is actively serving in more than 190 countries around the world. The presence of cryptocurrencies among the financial instruments that can be actively used on the platform may cause Huobi not to be perceived as legal in countries where cryptocurrencies are not legal. In addition, the use of Huobi is prohibited due to the strict financial restrictions and rules in the United States and some other countries. Since these financial barriers can prevent the platform from providing services with sufficient profit, platforms may choose not to provide services here. Governments may also choose to ban such financial platforms as they do not meet the necessary legal obligations. Huobi is not legal and is restricted in the USA.
How To Contact Huobi Customer Service?
Huobi has very comprehensive and strong customer service. Therefore, many individuals who prefer online stock exchange platforms for their financial transactions prefer Huobi in more than 190 countries. You can follow the steps below to get customer support from Huobi while browsing the website:
- First of all, click on the Help button in the lower right corner of the main page. There is also a messaging sign on the button.
- Then, write a few basic keywords related to the subject you need support on the search bar. These keywords will make it easier for you to find the answer you are looking for.
- The system will put ready-made articles in front of you. If the answer given to you by this smart system is not sufficient, click the Contact Us button on the right side. In this way, you will have the chance to connect directly to live customer service.
- Fill in the Name, e-mail, question type, message fields in detail. In this way, you will be able to get a response to your support request more quickly.
- Then the system will give you an automatic response and guide you. If this message does not solve your problem, the system will automatically connect you to the real customer service agent.
You can check our reliable bitcoin exchanges page for another exchanges.