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Huobi is a large cryptocurrency exchange that was started in China in 2013. They subsequently had to expand globally on the shutdown of crypto trading by the Chinese government.
They have offices in Japan, Singapore, Hong Kong and have recently opened an office in San Francisco under “HBUS”.
Huobi has quite an extensive coverage of cryptocoins which include over 50 different pairs. They have also issued their own token which is called the “Huobi Token”. These give the holders certain voting rights.
Huobi has not suffered any hacks and they operate a pretty extensive security protocol. They have cold storage as well as extensive multi signature key management protocols and DDoS mitigation in place.
Huobi also runs a user protection fund which you can think of as an insurance fund. This is set up in case should there ever be a hack or breach that it will cover the shortfall with a backup buffer.
In terms of trading fees, Huobi has relatively low fees which are flat at 0.05% across the board. This is better than some of the other large international exchanges.
Huobi still offers unverified and anonymous accounts to some users who are in certain jurisdictions. However, these have really low withdrawal limits of only 0.1 BTC per day. If you want to increase this limit then you will have to verify their accounts and complete Huobi’s KYC.
Huobio has a pretty responsive customer support desk with a range of options for you to get hold of them. Unfortunately, they do not offer any form of telephone customer support.
Looking at the trading platform, Huobi has a pretty advanced engine and user interface. They have a basic platform, a more advanced charting platform, a margin trading platform and an OTC platform.
They also provide their traders with a robust API for coding bots added to that with a mobile application for those traders who like to trade on the go.
In summary, Huobi appears to be a pretty extensive exchange that has built itself up into a global powerhouse. They offer a range of different pairs with more functionality and ways to trade them.
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Huobi Review 2019 – Can You Trust it? Our Deep Dive