Introduction to Huobi Exchange
Originally founded in 2013 with offices in China, Huobi relocated its exchange operations in 2017 due to evolving cryptocurrency regulations in the region. Today, Huobi is recognized for its strong trading volumes and extensive crypto asset listings, particularly in the Asian market.
👉 Explore Huobi's trading platform
Key Features of Huobi Exchange
- User-Friendly Sign-Up: Quick and streamlined account creation process.
- Diverse Asset Selection: Over 90+ cryptocurrencies available for trading.
- Global Reach: Services accessible in 170+ countries (excluding the U.S. and China since 2019).
- Non-Custodial Wallet: Huobi Wallet supports staking and rewards.
- Robust Security: Multi-signature cold wallets and a 20,000 BTC reserve fund.
Funding Methods
- Debit/Credit Cards
- Wire Transfers
- Cryptocurrency Deposits
Pros and Cons of Huobi
Pros
- Exceptional customer service.
- High liquidity for seamless trading.
- No recorded hacks compromising user funds.
- Broad selection of tradable crypto assets.
Cons
- Past accusations of inflated trading volumes.
- U.S. platform discontinued in 2019.
Huobi at a Glance
Sign-Up Process
- Provide nationality, email, and password.
- Complete KYC verification to enable deposits/withdrawals.
Huobi adheres to strict regulatory compliance, ensuring user security through identity checks.
Supported Cryptocurrencies
Huobi offers one of the largest crypto asset lists, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Cardano (ADA)
- Huobi Token (HT)
...and 80+ more.
👉 Trade top cryptocurrencies on Huobi
Security Measures
- Funds stored in cold wallets.
- 24/7 system monitoring.
- 20,000 BTC reserve for emergency protection.
Note: A 2014 incident involving misdirected funds was fully reimbursed by Huobi.
Fee Structure
- Tiered fees based on monthly trading volume.
- 0.2% maker/taker fee for trades under $5M.
- Lower fees for high-volume traders.
Frequently Asked Questions (FAQ)
Is Huobi safe?
Yes. Huobi employs top-tier security protocols and has never been hacked.
Where is Huobi based?
Headquartered in Singapore, with offices in Japan, South Korea, and the U.S. (operational restrictions apply).
Can U.S. users trade on Huobi?
No. Huobi discontinued U.S. services in 2019.
Why does Huobi require KYC?
To comply with global AML/CFT regulations and prevent illicit activities.
Has Huobi lost user funds?
No. The 2014 incident was resolved with full reimbursements.
Are Huobi’s trading volumes accurate?
Historical skepticism exists, but Huobi maintains transparency post-regulatory reforms.
Conclusion
Huobi remains a top-tier exchange for non-U.S. users, offering liquidity, security, and diverse crypto options. While its U.S. platform is inactive, global traders benefit from its robust ecosystem.
For alternatives in the U.S., check our American crypto exchange guide.