Huobi.pro cryptocurrency exchange – August 2018 review

You can buy and sell more than 190 cryptocurrency pairs across multiple platforms and devices on Huobi.pro.

In 2013, the Huobi Group designed a digital currency exchange that now allows its users to trade more than 190 cryptocurrency pairs. Features of Huobi.pro include the ability to deposit and exchange dozens of different currencies, 0.2% trading fees and 24/7 customer service.

There are a number of other cryptocurrency exchanges vying for your business, so we’ve gathered some information about Huobi.pro to help you work out whether it’s the right digital currency exchange for you.

Product Name Huobi.pro Cryptocurrency Exchange
Fiat Currencies -
Cryptocurrencies BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, OMG & 75+ 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. 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.

What is Huobi.pro?

Huobi.pro is operated by Huobi Global Limited, a company incorporated in the Republic of Seychelles. This cryptocurrency financial services group was established in September 2013 in Beijing. Having originally concentrated on the Chinese market, Huobi began focusing on crypto traders around the globe following the Chinese government’s crackdown on cryptocurrency exchanges in 2017.

Huobi Global now offers its platform to users in more than 130 countries and has offices in Singapore, the United States, Japan, Korea and Hong Kong.

Did you know?

The Huobi Group also runs the Huobi Autonomous Digital Asset eXchange (HADAX), where customers can use Huobi Tokens to vote for tokens they want to see listed on the exchange.

Which cryptocurrencies can I buy/sell?

Huobi.pro allows you to trade a wide range of digital coins and tokens. While the full list of supported currencies is available on its website, some of the more popular currencies include the following:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Bitcoin Gold (BTG)
  • Dash (DASH)
  • EOS (EOS)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • ICON (ICX)
  • Lisk (LSK)
  • Litecoin (LTC)
  • NEM (XEM)
  • NEO (NEO)
  • Qtum (QTUM)
  • Ripple (XRP)
  • Tether (USDT)
  • Tron (TRX)
  • Zcash (ZEC)

To learn more about bitcoin and altcoins, check out our guides.

Available countries

Huobi.pro offers its services to users across more than 130 countries around the world, including Australia. If you’re reading this from a country other than Australia, contact the Huobi team to find out whether you can access the platform from your country of residence.

Which payment methods are accepted?

You can deposit funds into your Huobi.pro trading account using a cryptocurrency transfer. However, make sure any currency you want to trade is supported by the platform before attempting to make a deposit.

How much will it cost me to use Huobi.pro?

When buying and selling crypto coins on Huobi.pro, make sure you’re aware of the following fees:

  • Maker fees: 0.2%
  • Taker fees: 0.2%

However, VIP users can access discounted platform fees based on their VIP membership level, which can be purchased with Huobi Tokens (HT). The table below outlines the fee discounts available:

Membership levelFee discountCost of membership level
VIP110% off120 HT / month
VIP220% off600 HT / month
VIP330% off1,200 HT / month
VIP440% off6,000 HT / month
VIP550% off12,000 HT / month

There are no fees for depositing funds into your account, but withdrawal fees do apply. The fees for some popular currencies are shown in the table below:

CurrencyWithdrawal fee
Bitcoin0.001
Bitcoin Cash0.0001
Ethereum0.01
Litecoin0.001
Ripple0.1

Are there any transfer limits?

The maximum amount you can withdraw from your account varies depending on the currency chosen and whether you have verified your identity. The withdrawal limits for a selection of popular digital currencies are shown in the table below:

CurrencyMinimum withdrawal amountMaximum withdrawal amount per transactionMaximum withdrawal amount per day
UnverifiedVerifiedUnverifiedVerifiedUnverifiedVerified
Bitcoin0.010.010.12000.1200
Bitcoin Cash0.010.010.62000.6200
Ethereum0.010.012.52,0002.52,000
Litecoin0.10.155,00055,000
Ripple20202,5004,000,0002,5004,000,000

There are also limits on the order sizes you can place with Huobi.pro. You can find a full list of these limits here or check out the limits for a few key currency pairs in the table below:

Trading pairMinimum amount of limit orderMaximum amount of limit orderMinimum buy of market orderMaximum buy of market orderMinimum sell of market orderMaximum sell of market order
BCH/BTC0.00110,0000.0011,0000.00110,000
ETH/BTC0.00110,0000.0011,0000.00110,000
LTC/BTC0.0110,0000.0011,0000.0110,000
XRP/BTC15,000,0000.00011001500,000

Is it safe to use Huobi.pro?

If you're considering whether it is safe to use Huobi.pro, you can start with factoring in the security features that it offers. When you sign up for an account with Huobi.pro, you’ll need to enter and confirm your email address. You can also link and verify your phone number plus enable two-factor authentication using Google Authenticator. You’ll also need to provide a photo of your passport before your account can be fully verified.

Huobi.pro claims to offer a decentralised structure and anti-DDOS protection system, with over 98% of its digital assets stored in multi-signature cold wallets. It’s also an established platform that’s been operating since 2013, which is a long time in the crypto world.

Customer support

If you have a problem with a transaction or your account, Huobi claims to offer customer support 24 hours a day, 7 days a week, 365 days a year. You can access the support team via live chat or opt to leave a message instead. There’s also an online help centre with answers to a selection of FAQs.

Pros and cons

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

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