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Home / Exchanges / Huobi Global

Huobi Global Overview

Huobi Global was founded in 2013. It was originally based out of China but moved to Singapore and, eventually, the Republic of Seychelles, where it’s now headquartered. With more than 100,000 daily active users, Huobi Global is one of the most active cryptocurrency marketplaces on the planet. It’s especially popular in Russia, Turkey, China, and Malaysia.

The platform provides access to approximately 350 cryptocurrencies, one of the largest lists of any major exchange. It features many professional trading tools, including margin and futures trading, as well as staking and lending services.

Huobi offers low fees, but its platform is not beginner-friendly. It also isn’t available to residents of the United States.

But even though Huobi is one of the largest exchanges, it may or may not be the right one for you. That’s we’ve put together this review. It covers everything that you need to know about Huobi Global to determine whether it’s the exchange that you should use or not.

Is it safe to buy on Huobi Global?

Huobi offers many security features to help users feel confident in using the platform. It stores 98% of its crypto assets in cold storage wallets, which are inaccessible to online hackers. The platform also offers two-factor authentication, user-initiated account freezes, and a Bitcoin reserve of 20,000 BTC to pay back users in the event of an unforeseen attack.

That being said, Huobi Global is largely unregulated. It has also been accused of wash trading – which means that it may artificially inflate the trading volumes that it reports.

Most people who use Huobi do so without having any issues. But you have to decide for yourself whether these features make the platform safe enough for you to use or not.

Fees

Huobi Global’s fees compare favorably to the competition. The platform charges a 0.2% base fee, which can be lower for users who either trade high volumes or hold large amounts of Huobi Token.
It also has extremely low fees for professional traders and firms. These get as low as 0.0097% for maker orders and 0.0193% for taker orders based on 30-day trading volume and Huobi Token holdings.

Features

  • A large list of available cryptocurrencies
  • High yield-earning opportunities with integrated staking features
  • Relatively low fees
  • Crypto-backed loans
  • Margins and futures trading
  • Mobile app
  • Over-the-counter (OTC) trading opportunities
  • Professional trading tools
  • 24/7 live chat support
  • Web 3.0 wallet

Huobi Global offers nearly everything an advanced cryptocurrency trader could want from an exchange. It has a large list of available assets, professional trading tools, and lots of value-adding features like loans and margin trading.

Do they offer a wallet?

Huobi also offers a standalone product called Huobi Wallet. This is available on iOS and Android devices and through a browser extension that users can access on computers.

The wallet offers instant cross-chain swapping, yield-earning opportunities, and even fraud alerts for unexpected asset withdrawals.

You can use Huobi’s wallet with most major web 3.0 applications. This makes it easy to take your assets from Huobi and put them to work across the broader world of crypto.

Mobile app

Huobi Global has a mobile app that’s available on both the Apple Store and Google Play. It features all of the same advanced trading tools that a user has access to on the standard Huobi platform.

One of the app's best features is its 24/7 live chat support. You actually don’t even get this on the website. So Huobi users will definitely want to download the company’s mobile app to make sure they have quick access to support whenever they need it.

Who should use Huobi?

Huobi can be a really powerful platform in the right hands. It has a ton of features, a long list of cryptocurrency assets, and professional-grade trading tools. That makes it a solid choice for people who are already fairly familiar with cryptocurrency investing.

However, Huobi isn’t a great choice for beginners. The platform may appear complicated to someone who doesn’t have a lot of experience with this type of investing.

Additionally, Huobi Global isn’t available in the United States in any capacity. So if you live in the U.S., you’ll need to look elsewhere to satisfy your cryptocurrency goals.

Customer satisfaction

It’s always a good idea to take a look at online reviews before placing your funds on a new platform. The same is true for Huobi Global.

Huobi’s reviews are a bit of a mixed bag. The company seems to offer responsive customer support, and users praise its long list of features. But some people have reported issues with withdrawing funds and identity verification.

These reviews highlight the fact that you need to verify your identity before you can withdraw any funds on Huobi Global. Some users have had to submit ID documents several times to do this, which can be frustrating.

That’s why it’s a good idea to start with a small investment on Huobi. Then, complete the ID verification process and make sure that you can successfully withdraw those funds before moving more of your money onto the platform.

That way, you can be sure that you have access to your funds when you want to remove them from the platform in the future.

Compare Huobi Global before you invest

Whether you think that Huobi Global could be a good fit for you or not, it’s important to compare it to your other options before making a decision about where you’re going to put your money.

To do that effectively, you need to conduct some research into your other options besides Huobi.

Our comparison tool makes that much easier for you to do. It’s an easy way to evaluate how platforms like Huobi compare to other crypto exchanges on the market. With the tool, you can quickly get the information that you need to determine which cryptocurrency exchange will be the best for your goals.

But don’t just take our word for it. Try our comparison tool today to experience its value directly.

The only crypto comparison tool you will ever need. Compare top exchanges in one place and find out which fits your needs best.
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