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Review: Huobi cryptocurrency exchange – June 2020

Andrew Munro
Andrew Munro
Last updated:  

Trade hundreds of different cryptocurrency pairs on the global Huobi exchange.

  • Great for its wide range of cryptos
  • Not so great for its wash trading accusations

Check out our full list of pros and cons or read on.

27

Fiat currencies

234

Cryptocurrencies

Details

Product Name Huobi Cryptocurrency Exchange
Fiat Currencies GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE
Cryptocurrencies BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM & 220+ more
Deposit Methods Cryptocurrency
Trading Fee Maker: 0.2%
Taker: 0.2%
Deposit Fees None
Withdrawal Fees None

Pros

  • Available on Windows and Mac operating systems as well as through iOS and Android trading apps
  • Access to a wide range of digital coins and tokens
  • 24/7/365 customer service
  • Pre-trade education programs for new users
  • Competitive fees
  • Established in 2013

Cons

  • Has previously been accused of falsifying trading volumes
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Learn more about:

Fiat and cryptocurrencies
Payment methods
Security
Fees and limits
How to sign up
Pros and cons
FAQs
Compare exchanges

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE
  • Supported cryptocurrencies: Approximately 234 cryptocurrencies

Which payment methods are accepted?

  • Cryptocurrency

What's it like to use Huobi?

1. Home page

Sign into Huobi Global to find a range of information at your fingertips.

2.Markets

Search the markets for your desired cryptocurrencies, and how much leverage Huobi offers offers for each.

3. Trading dashboard

Find open orders, prices, depth charts and other market information on your trading dashboard.

4. Huobi Coinbook

Access updates, new listings and other information through the Huobi Coinbook section.

5. Fiat trading

Place buy or sell orders on the Huobi fiat market to buy and sell BTC, ETH, USDT and more with a wide range of different fiat currencies.

‹ ›

Fees and limits

Platform trading fees

The base crypto to crypto trade fee is 0.2% for all pairs. This can be reduced through high trading volumes.

Trade volume (30 day USDT)Maker feeTaker fee
0 to 5 million0.2%0.2%
5 to 10 million0.04%0.060%
10 to 15 million0.035%0.055%
15 to 25 million0.030%0.055%
25 to 35 million0.030%0.045%
35 to 70 million0.025%0.040%
70 to 150 million0.025%0.035%
150 to 300 million0.025%0.030%
300 million+0.015%0.025%
500 million+NegotiableNegotiable

The rate for fiat to crypto trades depends on whether you are placing an order (maker) or are taking an existing order (taker), and the currencies you are trading.

CurrencyMaker feeTaker fee
CNY - BTC/ETH0.0%0%
CNY - USDT/HUSD0.0%0%
CNY - EOS/HT/XRP, LTC0.2%0%
All other trades0.7%0%

Deposit and withdrawal fees

Network fees apply to cryptocurrency deposits and withdrawals, while fiat currency fees will vary depending on the payment method and the currencies.

The withdrawal limits will similarly vary depending on the currency or cryptocurrency being withdrawn, and whether or not you are a verified user.

You can find your limits on the withdraw screen when you are logged in.

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Within minutes

The number of confirmations required for deposits varies depending on the cryptocurrency. It will typically take a few minutes.

Withdrawals

Clock icon for transfer speed

Varies

The number of confirmations required for cryptocurrency withdrawals varies, but it will typically take more confirmations than deposits.

Is Huobi Global safe to use?

  • Regulation. Huobi Global is incorporated in the Seychelles and may not be legal or regulated in your jurisdiction. If you use Huobi, you are responsible for ensuring you are complying with any relevant laws and regulations of your jurisdiction.
  • Verification process. Huobi does not require verification for all users, but reserves the right to request the information needed to verify any customers in line with its AML/KYC obligations. Verification is required for higher withdrawal limits.
  • Security features. Huobi has been in operation since 2013 and it says it follows industry best practices such as keeping ~98% of user funds in cold storage at any given time. It claims to have an "investor protection fund" which can be used to reimburse affected users in the event of a hack.

How do I create an account at Huobi?

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What else do I need to know about Huobi?

Huobi has been in operation since 2013. It was formerly based in China but has moved around the world as regulations change in different locations.

It's currently incorporated in the Seychelles.

In a nutshell

Pros

  • Wide selection: Huobi offers a wide range of coins.
  • Good liquidity: As a large and well-known exchange, Huobi has deeper liquidity than many other exchanges.
  • Feature-filled: Huobi offers a range of features such as margin trading, fiat currency order books and more.

Cons

  • Loosely regulated: Trading on Huobi is done largely at your own risk.
  • Not ideal for beginners: The wide range of features and limited regulatory protections mean Huobi may not be an ideal choice for beginners.
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Compare Huobi against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
CoinSpot Cryptocurrency Exchange
BPAY
Cash
POLi
PayID
Bank transfer (Direct Deposit)
AUD

143
cryptocurrencies
CoinSpot is an Australian-based exchange that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Go to site
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Swyftx Cryptocurrency Exchange
Swyftx Cryptocurrency Exchange
Bank transfer
BPAY
POLi
Osko
PayID
AUD

80
cryptocurrencies
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Go to site
View details
Independent Reserve Exchange
Independent Reserve Exchange
Cryptocurrency
Electronic Funds Transfer
POLi
SWIFT
PayID
AUD, NZD, USD

15
cryptocurrencies
Trade AUD and other fiat currencies against a wide range of cryptos at competitive rates.
Go to site
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Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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