Looking for an exchange to trade cryptocurrencies? Meet Huobi Global

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Choose a exchange to do trade with cryptocurrencies no it is an easy task, due to the wide variety of options available. How can you select the one that best suits your needs? It will depend on several factors. What we can tell you is that Huobi Global is one of the exchanges to do trade with bitcoin (BTC) largest in the world.

It is an exchange house founded in China and, although it focuses on the Asian market, you can access to it from more than 130 countries , including Spain and several in Latin America.

Is this your best alternative to trade with cryptocurrencies? What are the advantages and disadvantages that you should consider to do trade with bitcoin on Huobi? Know the answer in this review .

What is Huobi?

Huobi Global is a exchange or exchange house that has been in the market since 2013, which makes it one of the most ancient of the ecosystem . Its headquarters are located in Hong Kong, and it is one of the options for doing trading with bitcoin in Asia, although its presence in Latin America has grown notably in recent years. years.

It is located in the top three of the ranking of exchanges from CoinMarketCap, with a 24-hour trading volume of over $ 12 billion at the time of writing. Today, about 10 million users are part of its platform.

According to the company, the first thing is the satisfaction of its customers. That is why they ensure that they take all measures to offer good quality financial services. Its high liquidity and wide variety of products make Huobi an attractive platform for cryptocurrency trading.

About Huobi Global Services

Spot trading

Huobi’s spot trading section. Source: Huobi Global.

One of The services most in demand at Huobi is spot trading or trading , which consists of the sale of assets with immediate delivery. There are more than 300 cryptocurrencies to trade , including the most popular ones such as bitcoin (BTC), ether (ETH), tether (USDT), litecoin (LTC ), dogecoin (DOGE), XRP and bitcoin cash (BCH).

Something that liked about the platform is its bot of trading , a help that is useful for all kinds of users. This bot allows you to set buy or sell limits manually or automatically. In this way, you can apply the strategy that is most convenient for you according to your needs.

Contracts

With Huobi You can not only do traditional trading , but also access futures contracts, currency margin swaps and perpetual swaps . If you want a more advanced trading option, you will probably enjoy these services of the exchange , as they are ideal for expert users because of all the available functions.

Staking and loans

Are of those looking for a platform to do staking ? Good news: Huobi has this alternative at your fingertips. You will be able to receive rewards for acquiring and blocking cryptocurrencies.

Additionally, the company offers digital asset loans , the which you can request without having to meet an endless list of requirements. That’s a plus for Huobi.

Primepool

Thanks to Primepool service, it is possible to receive rewards for blocking cryptocurrencies for a set period of time. So, if you are looking for a way to earn passive income, this may seem attractive to you.

What do you need to do trading of cryptocurrencies in Huobi?

As in other exchanges , the first thing is to create an account to start doing trading with cryptocurrencies in Huobi. The data requested by the platform to register are the country of residence, email or phone number and password. They sent us an email to complete the process, and that’s all we had to do to register.

Next is the verification Know Your Customer (KYC), which we found a bit more demanding compared to other exchanges . Please note that the requirements change depending on the country of residence . You can use different identity documents, including passport, driver’s license, military certificate or social security number.

You have the option of depositing with national currency or cryptocurrencies, but we will talk about this. later in detail. Creating a Huobi account seemed like a simple process, although a bit long for our liking.

Features of the exchange Huobi Global

Security

According to the company, security is one of its strengths and they affirm that platform has never been hacked. They have invested a lot of resources in security measures, and in fact they have gone through several third-party tests. They have two-factor authentication with Google Authenticator, PGP encryption ( Pretty Good Privacy ) for emails and notifications by email and SMS.

User funds are kept in cold storage or offline. In addition, the wallets of the exchange are monitored 24/7 so that the team can intervene immediately if there is suspicious activity. Overall, we are quite satisfied with the security methods of this exchange .

Interface

The experience Huobi user rating is good most of the time, as long as you have a little experience with these types of platforms. If not, you may have some difficulties at first, but over time you will get used to the interface. It is available in Spanish , English, Italian, French, Chinese, Turkish, Portuguese, German, Russian and four other languages.

Your website is easy to use and nicely designed, although not perfect. Some sections do not have a specific description, so it was difficult for us to understand what each one was about. On their charts, they give us all the necessary information to do trade in a professional way, and the data comes from TradingView.

We have access to the order book , to our history, to the different assets to be traded, the types of orders and the parameters of trading of cryptocurrencies. If there is something we really liked about Huobi, it is all the tools they provide us to make our experience the best possible.

Mobile app

Recently, your mobile application has been translated into Spanish . It is a simple and practical way of doing trading from anywhere and on the c comfort of your mobile. The app is available for iOS and Android devices. On Google Play, it has a very good average score of 4.9 / 5, while on the App Store its score is 4.7 / 5. We liked its minimalist and elegant design.

Support and customer service

We were a bit disappointed in the customer service and support. On the platform there is a chat box controlled by a b ot , but it was not helpful to answer our questions. There is also the option to start a live chat, for which we had to provide information such as name and email. As for assistance through media such as Telegram, the response was faster than expected.

In the support section there are a series of articles that answer the most common questions from users , like what are the fees, how to make deposits and withdrawals and the types of existing orders. Some of the articles are not available in Spanish at the moment, only in English.

Payment methods

We have to recognize that Huobi is one of the exchanges with more payment methods that we have seen , which undoubtedly adds points in favor. There are more than 90 methods, including AirTM, Banesco, Apple Pay, BBVA, Google Pay, SEPA, Lemon Cash, Western Union, Paypal, Ualá and Mercado Pago.

We can buy cryptocurrencies with Visa or Mastercard credit card and, the best, without commissions. Withdrawing or depositing digital assets is simple, we simply have to enter the address of our wallet . Learn about all Huobi payment methods in this article.

Another plus point for this exchange is that you can trade with a wide variety of National currencies , such as US dollars, Argentine pesos, British pounds, euros, yuan, Japanese yen and more.

Cryptocurrencies

How many cryptocurrencies is it possible to trade on Huobi Global? With more than 300 . So if you are a lover of altcoins , this is the exchange of cryptocurrencies for you. TRON (TRX), ether (ETH), cardano (ADA), XRP, Polkadot (DOT), EOS, and tether (USDT) are just a few of the options. Although, of course, one of their most popular currencies is bitcoin.

Liquidity

According to CoinMarketCap, Huobi Global’s average liquidity is 623/1000 at the time of this writing. It’s a pretty high average, and it’s only below Binance’s, which is 696/1000. The most traded pair on this exchange is ETH / USDT, with a liquidity of 937/1000. For the BTC / USTD pair, the average is 804/1000.

In which countries is it available

The exchange provides its services in more than 130 countries around the world, including Argentina, Colombia, Mexico, Costa Rica, Brazil, Uruguay, Honduras, Spain, Peru, El Salvador, Chile, Guatemala, Paraguay, Nicaragua and Panama. If you are in the United States, Venezuela, Bolivia or Cuba, we regret to tell you that you will not be able to operate in Huobi from these territories.

Which are the Huobi fees and commissions?

The commission for trading on Huobi is 0.09% , one of the lowest on the market. As for the fee for deposits and withdrawals, it varies according to the type of cryptocurrency you choose. Here you will find the commissions and withdrawal limits of the exchange for each of its digital currencies.

Advantages and disadvantages

Advantage

• Multiple financial services.

High liquidity.

• Has never been hacked.
• Great variety of cryptocurrencies.
• Available in more than 130 countries.
• Many payment methods.

Disadvantages

• Not available in all Latin American countries.
• Platform not suitable for beginners.
• Some support articles are not in Spanish.

Conclusion: Is Huobi a good alternative to do trading with bitcoin?

What is our final opinion of Huobi Global? This exchange surprised us, and in a good way . It is one of the platforms with the greatest global reach and with the most payment methods available. There is a wide variety of financial services beyond spot trading , such as cryptocurrency loans, staking and more.

Its liquidity is one of the highest among all exchange platforms, it has never suffered a hack and it has approximately 300 digital assets. But there are some downsides. For example, its services are not available in the United States, Venezuela, Bolivia or Cuba , and its interface may seem complicated to less experienced traders. If this is not an inconvenience for you, maybe Huobi Global is the exchange you are looking for.