CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Huobi Exchange

Huobi
Huobi Exchange crypto exchange review. We show you the fees, platforms, features, benefits, and drawbacks of Huobi in 2022.

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Huobi Review

Huobi is a cryptocurrency exchange which was established in 2013. Traders can access a wide range of products including crypto spot and derivatives.

Browser based platform and mobile apps for iPhone, Android, and tablets are among the online trading platforms offered by Huobi.

Huobi Technology (Gibraltar) Co. Ltd, is a fully licensed and regulated DLT service provider in Gibraltar (“Huobi Gibraltar”). .

Huobi is a spot and derivatives cryptocurrency exchange. This means that Huobi offer products suitable for both investors and speculators. When you trade the spot market you own the actual coins which you buy and sell. Derivative markets allow you to speculate and trade on the price of a coin without owning it.

A minimum deposit of 100USD is required for a live account. Huobi, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform. Huobi Technology (Gibraltar) Co. Ltd, is already a fully licensed and regulated DLT service provider in Gibraltar (“Huobi Gibraltar”). Huobi was established in 2013 and their head office is in Seychelles. Before we get into the specifics of Huobi’s spreads, fees, platforms, and trading tools, you might want to open the their website in a new tab by clicking the button below to get the most up-to-date information directly from the company.

VISIT HUOBI

Disclosure: If you sign up with a broker through one of our links, we may receive a commission.

What are Huobi’s spreads & fees?

Huobi, like most exchanges, charges a fee based on the transactions which occur on the exchange. These can depend on the coin which you trade, as some coins have higher trading and withdrawal fees.

Choosing at what time of the day and through which coins to transact can lower your fees.

Before you complete a trade on Huobi’s platform, it will show you a breakdown of all the fees which you may incur. Checking these fees before completing the trade could save you money.

As Huobi is an exchange the spreads very depending on trader activity. Any spreads displayed on our website are for information purposes only.

Please visit Huobi’s website for current spreads and fees.

As you can see, Huobi’s BTC/USDT spread was 0.01 USDT when we wrote this review. This is low when compared to the average BTC/USDT spread of 8.00.

What can you trade with them?

Over 900 different coins are available to trade at Huobi.

Below, we’ve summarized the offering of Huobi’s several types of markets, as well as the markets offered by some of their competitors for comparison.

MARKETHuobi ExchangeBinanceCrypto.com
Spot TradingYESYESYES
Futures TradingYESYESYES
launchpadNOYESYES
Options TradingNOYESNO
DEX TradingNOYESNO
NFT TradingNOYESYES
Borrow/lend CryptoYESYESYES
StakingYESYESYES

What’s the Huobi trading experience like?

1) Platforms and apps

Huobi offers a web based platform which allows you to use it on any device which has a browser. 

They offer Android and iOS mobile apps, making it easy to keep track of and execute trades while on the go.

See Huobi’s Platforms

2) Executing Trades

You can trade as little as 1USD with Huobi. Depending on the cryptocurrency you trade, this may differ. Maximum trade size depends on the available liquidity on the exchange.

Margin requirements vary by account, and instrument, as they do with most exchanges.

They offers leverage as high as 5x for spot trading. For derivatives they offer up to 100x leverage.

Stop losses, trailing stop losses, limit orders, price alerts, api trading and other features are available. Here you can find a list of all of Huobi’s account features.

We have included a list of some of the most common funding options that Huobi provides to its traders.

  • Crypto
  • Bank Transfer
  • Card

3) Client support

Huobi offers support in languages like English, Chinese, Russian, German, Spanish, French, Turkish, Vietnamese, Portuguese, Italian and more.

4) What you’ll need to open an account with Huobi

Most crypto exchanges allow you to open an account without providing documents. This type of account will be severely limited in terms of maximum deposit and withdrawals.

In order to have higher deposit and withdrawal limits with them you need to pass verification by providing the following documents:

  • a color copy of your passport, driver’s license, or other government-issued identification
  • a three-month utility bill, bank or credit card statement that shows your current address

Huobi may also ask you to go through a verification of identity via your laptop or phone camera.

If you decide to trade using leverage, you’ll also need to answer a few questions regarding your trading experience.

You may be able to explore Huobi’s platform right away, but as mentioned before until you pass verification, your deposits and withdrawals will be capped. Verification depending on the circumstances could take from a few hours up to a few days.

To begin the on-boarding process with Huobi, you can go to their website.

Huobi

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Compare Crypto Exchanges here.

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