Huobi Global, or simply HTX, occupies a well-deserved place among the leading cryptocurrency platforms founded in 2013 by Leon Li in China. Rapidly developing, Huobi is considered a pioneer in the world of cryptocurrency exchanges. In 2017, in response to the tightening of legislation on cryptocurrencies in China, the company's headquarters was moved to Singapore. However, Huobi's offices remain active in various countries such as Hong Kong, the USA, South Korea and Japan.

Key Features of Huobi Global

• Trading volume: 

The daily trading volume on the platform is about $2.5 billion, highlighting its significant impact on the cryptocurrency market.

• A lot of cryptocurrencies: 

Huobi offers trading in 665 different cryptocurrencies, providing users with a wide range of options for investing and trading.

• User scale: 

More than 10 million users have chosen Huobi for their investment purposes and trading operations.

• Global presence: 

With coverage in over 200 countries, Huobi has become a global platform accessible to traders and investors around the world.

• Trading without verification: 

Huobi provides the opportunity to trade without having to go through the verification process, providing convenience for new users.

• Safety Reserve Fund: 

The platform ensures the safety of users' funds due to the availability of a reserve fund, which gives confidence and reliability to operations on the exchange.

• Flexible commissions: 

Huobi offers a flexible commission system, which makes trading accessible and profitable for a wide range of traders.

Spot, margin and futures trading are available on the exchange, as well as its own token, which complements the functionality and opportunities for traders and investors.

Huobi Global continues to set high standards in the cryptocurrency exchange industry, providing a reliable and innovative platform for its users around the world.

Trading on the HTX exchange

HTX supports about 655 cryptocurrencies, and spot trading is also available on this exchange for users, where more than 1,400 cryptocurrency pairs, margin trading, futures and options market are available

There is a detailed guide for each type of trade in Huobi Learn, as well as useful materials in the "Help Center". There is also copy trading on the exchange, which allows beginners to copy the trades of experienced traders.

Spot trading

Spot trading on cryptocurrency exchanges is an easy and affordable way to start trading cryptocurrencies. It provides an opportunity to buy and sell assets at current market prices without using complex financial instruments. Due to the low entry threshold, spot trading is available to a wide range of traders, including beginners. It is also characterized by relatively low risks, as it does not use leverage and other complex trading instruments. However, like any trade, it is not without potential risks, such as fluctuations in cryptocurrency prices. It is important to have a good understanding of the market and make informed decisions in order to effectively manage risks and achieve your investment goals.

Margin trading

Margin trading on the crypto exchange is based on spot trading, but involves the use of borrowed funds to increase potential profits. For example, if you purchase a cryptocurrency for $100 in spot trading and sell it for $120, then your profit will be $20. In margin trading using 3x leverage, you can open a trade for $300, while your potential profit will be $60 (provided that the asset price increases by 20%).

There are two types of margin trading on the Huobi exchange:

1. Cross margin: The transaction is opened for the entire available amount on a margin account with a leverage of 3x.

2. Isolated margin: The transaction uses only the allocated part of the assets from the user's margin account with a leverage of up to 5x.

Margin trading provides traders with the opportunity to increase their potential profits, but keep in mind the increased risks associated with using leverage. Traders should carefully assess their risks and obligations before conducting margin transactions.

Futures

Futures are financial contracts that determine the value of assets in the future. Unlike margin and spot trading, traders can enter into transactions without owning the asset specified in the contract. For this purpose, a loan is used, which allows you to get significantly more profit.

On the Huobi exchange, the maximum leverage for futures is 200x. It is important to note that futures trading is only available to verified users.

Futures trading provides traders with the opportunity to make money on changes in asset prices without having to buy them directly. However, such transactions involve increased risks due to the use of leverage, and traders should be prepared to manage these risks.

Additional features of the exchange 

Huobi Group provides its users with an entire ecosystem of services that goes beyond simple trading and staking. Among the features offered are:

• IToken is a decentralized multifunctional wallet for mobile devices that provides secure storage and management of cryptocurrencies.

• Copy trading is a platform that allows users to copy trades of other traders or use their trading strategies.

• Primelist on the Huobi Prime platform is a local analogue of the launchpad, which provides access to initial token placements.

• Crypto loans from the exchange - the possibility of borrowing cryptocurrency assets on the exchange.

• Trader chats and live broadcasts - the platform provides communication between traders and provides live broadcasts or the exchange of experience and market analysis.

The wallet from Huobi Group deserves special attention due to its convenience, versatility and orientation to mobile devices, providing users with safe and convenient management of their cryptocurrency assets.

Huobi Token

The HT token, created by the Huobi exchange in 2018, was initially distributed free of charge to VIP users of the exchange. In the first two weeks, about 60% of the total coins were distributed, and the rest were reserved for the internal needs of the exchange. To prevent the token from depreciating, Huobi buys HT quarterly for 20% of its net profit.

In 2019, the price of the token reached its absolute minimum at $0.9, and the maximum was $39.66. HT is used to pay commissions on the exchange and is available for trading on the Huobi platform.

Advantages of the exchange

Huobi Global offers its users a number of attractive features and services that make trading and investing in cryptocurrencies convenient and affordable:

• Optional verification: 

Users have the opportunity to trade without having to go through the verification process, which ensures the convenience and ease of use of the platform.

• Low commissions: 

Huobi Global offers competitive commissions, which makes trading on the platform more profitable for users.

• A convenient mobile application: 

Users can manage their accounts and conduct trading operations using a convenient mobile application, which ensures accessibility and flexibility of trading at any time and anywhere.

• Deposit and withdrawal of cryptocurrencies without commission: 

Huobi Global provides the ability to deposit and withdraw cryptocurrencies without commission, which allows users to effectively manage their assets and minimize costs.

• Leverage up to 200x for futures trading: 

The platform provides the ability to use leverage up to 200x for futures trading, which allows users to increase potential profits and diversify their investment strategies.

These features make Huobi Global an attractive choice for traders and investors, and provide them with convenience, security and a high level of service.

Disadvantages of the exchange

• Users sometimes encounter problems with localization of the site on Huobi Global. Despite this, the Huobi Global team is constantly working to improve its platform, including localization and translation into various languages, to provide a better experience for all users.

Commissions 

In early 2017, several exchanges appeared in China that did not charge trading fees, which attracted many investors to platforms such as OKCoin, Huobi and BTCC. However, a few months later, regulators ordered the exchanges to introduce fixed trading commissions of 0.20%. Today, there are a small number of exchanges in the world that do not charge a commission for trading, but many of them earn in other ways, for example, by setting higher withdrawal fees.

Huobi still charges a 0.20% commission for spot trading from both takers and makers. This figure is slightly below the industry average, which is about 0.25%.

As for trading contracts on Huobi, takers pay 0.05%, and makers pay 0.02%. According to the latest empirical study, the average commission of a taker in the industry is 0.063%, and for a maker it is 0.018%. Consequently, Huobi's commission for contract trading is slightly lower than the average for takers, but slightly higher for makers.

On the Huobi exchange, the commission for the withdrawal of BTC is 0.0001 BTC. This fee amount is below the industry average, which represents a significant competitive advantage of the exchange compared to most other major cryptocurrency exchanges on the market.

Mobile application

Huobi offers a user-friendly mobile application and a PC client known as Huobi Pro, complementing the official website. The application is available for download on Google Play and the App Store, as well as through a link on the official website. To download the app, simply click on the arrow icon in the upper right corner of the page and you will be redirected to the download page. There are four versions of the app available: Android, iOS, Windows and Mac OS. Select the appropriate option and follow the installation instructions.

All the functionality of the official website is available in the application, including registration, verification and a full set of crypto exchange features. You will be able to manage your accounts, conduct trading operations and use other functions provided by Huobi directly from your mobile device or computer.

Safety

During the work of Huobi Global, no attempts to hack the platform have been recorded, which indicates the high level of security with which the exchange operates. Security is one of the company's priorities, which is confirmed by the storage of 20,000 BTC in the reserve fund. In case of hacking and theft of user assets, these funds will cover losses, providing an additional level of protection for investors.

The security of personal data of accounts on Huobi Global is ensured by multi-level security measures, including:

• Two-factor authentication: 

Users can set up two-factor authentication for their accounts, which significantly increases protection against unauthorized access.

  

• Anti-phishing system in email newsletters: 

Huobi has equipped its security systems with a special anti-phishing system that helps prevent fraud attempts through email, protecting users from fake emails and requests.

• Monitoring of connected devices: 

The exchange also provides the ability to monitor and manage connected devices, providing an additional layer of security and preventing unauthorized access to the account.

These measures ensure that Huobi Global users can trade and invest in cryptocurrencies with confidence in the safety of their funds and personal data.

Support Service

If you have any questions or problems related to using the Huobi Global platform, the best way to get help is to contact customer support. To do this, simply click on the smiling astronaut icon in the lower left corner of the page. Technical support responds quickly, usually in English, and is ready to help you solve any problems or answer your questions.

Reviews

Huobi Global continues to gain momentum due to its high reputation and extensive opportunities for traders and investors. Users highly appreciate the platform, highlighting the following positive aspects:

• A large selection of cryptocurrencies: Users appreciate the variety of cryptocurrencies available for trading and investing, which allows everyone to find the optimal assets for their goals.

• Convenient deposit and withdrawal of funds: Huobi Global provides convenient and fast methods of deposit and withdrawal of funds, which allows users to effectively manage their assets.

• Investment and staking offers: The availability of various investment and staking offers attracts users, allowing them to receive additional income from their assets.

Due to these and other factors, Huobi Global occupies a well-deserved place in the TOP 10 largest cryptocurrency exchanges in the world in terms of trading volume.

Negative reviews about the Huobi exchange are mainly related to incomplete localization of the site, especially with the Ukrainian translation, which may be unsatisfactory for some users. Although this may cause discomfort, overall user satisfaction with the platform remains high due to its functionality and security.