Huobi GlobalHuobi Global cryptocurrency exchange review
Huobi Global is one of the most popular cryptocurrency exchanges in the world. Huobi is curently most popular in Asian countries, and has offices in Japan, Singapore, Hong Kong, and South Korea. Huobi supports a great range of fiat currencies which can be traded for fairly low fees.
Huobi Global exchange details
|Exchange||Payments & fees||Account|
|Exchange name||Huobi Global||Payment options||Crypto, Fiat||KYC||Not required. You can deposit, trade, and withdraw without verification. But you need to verify if you want to increase your limit or deposit/withdraw fiat currencies.|
|Website||huobi.com||Fiat deposits||yes||Accepted countries||Huobi accepts users from most countries.|
|Established||2013||Min deposit||100 USDT||Restricted countries||United States, Canada, Thailand, Japan, Singapore, and Hong Kong. Countries where the service is somewhat restricted, are UK, Iraq, Bolivia,Bangladesh, and Ecuador.|
|Nr. of active accounts||10 million, 2 million with non-zero balance||Min withdrawal||N/A||Mobile app||Yes|
|License||UAE (United Arab Emirates), New Zealand, Gibraltar, Hong Kong||Fees||EUR deposits: SEPA 0.15% plus 1 EUR, Skrill 2.9%+0.1 EUR. Huobi Based Trading fee is 0.2%.||Features||Spot trading, derivatives trading, Earn|
Huobi Global review
Huobi Global is a cryptocurrency exchange established in 2013.
Huobi has a selection of more than 400 cryptocurrencies.
Huobi is a popular exchange that can be used by anyone – beginners, advanced traders as well as professionals, but it’s probably most suited for moderate to advanced traders.
And of course, also for institutional investors.
While Huobi has strong presence in Asia, its main user base is put together of traders from Russia and Ukraine.
While Huobi is definitely a big exchange with high volume, it has also had its share of accusations related to wash trading (inflating their volume numbers).
Huobi Global safety and regulation
In 2022 Huobi secured licenses in UAE (United Arab Emirates) and New Zealand. But it does have other licenses as well.
Huobi has also a license in Gibraltar, Hong Kong.Then again, while Huobi has claimed to have a license in Seychelles – based on what we could find, they actually do not.
Is Huobi Global safe to use?
Huobi Global is a high volume cryptocurrency exchange, one of the most liquid crypto exchanges in the world. And they also have more than ten million users, although the number of non-zero accounts is 2 million plus.
Although Huobi has been accused on artificially inflating their trading volumes, it’s a high volume exchange one way or another.
Huobi keeps 98% of all clients funds in cold wallets, and they also have 20k BTC Security Reserve fund to deal with any unforeseen security breaches.
So far there haven’t been any significant security issues.
Huobi account security options
Although Huobi has never been hacked, it is still a nice target for attackers.
So while Huobi is doing its best to keep your funds safe, you should do your part too.
To help you do that, Huobi offers the following account-level security measures:
- Email and/or phone verification for withdrawals
- Two-factor authentication (2FA)
Which countries does Huobi Global accept traders from?
Huobi accepts traders from countries around the world, with a few exceptions.
Countries where Huobi is banned
According to our information, Huobi does not currently accept users from United States, Canada, Thailand, Japan, Singapore, and Hong Kong.Other countries where the service is somewhat restricted, are UK, Iraq, Bolivia,Bangladesh, and Ecuador.
Huobi Global exchange details
Year established: 2013
CEO: Leon Li
Number of Cryptos: 400+
Official website: huobi.com
Number of accounts: ~2 million non-zero, otherwise tens of millions of users.
How to create Huobi account?
Huobi account creation process is fairly simple.
- Click here to go straight to Huobi registration page
- Fill in your email, phone number, and choose your password.
- Now just verify your email/phone and your account is ready.
After completing the account creation process, we recommend you to go to security settings and set up 2FA to make your account more secure and help keep your funds safe.
We also recommend you to go through the KYC process.
Deposits & withdrawals on Huobi Global platform
Huobi offers both crypto and fiat deposit and withdrawal options.
And this makes Huobi a great exchange for both beginners and advanced traders alike.
Huobi fiat deposit option always makes it easier for the newbies.
Keep in kind though that in order to to make a fiat deposit to Huobi, you need to first verify your account.
Does Huobi Global exchange have a withdrawal limit?
Huobi withdrawal limit is 1 BTC per any 24h period. Note that this withdrawal limit is the limit without KYC.
If you verify your account, the limits will be increased.
How to deposit on Huobi Global?
- Click “Balances” → “Spot Account”
- Click Deposit Choose the currency
- And follow the steps presented to you
Please note that it is also possible to make Fiat deposits, but you need to be KYC verified for that.
Currently it is possible to deposit 9 fiat currencies – USD, EUR, GBP, TRY, RUB, VND, UAH, KZT, and BRL.
- Choose “Balances”→”Fiat Account”
- Click Deposit next to the fiat currency you want to deposit
Fiat deposit limit is $3,200/24h.
How to withdraw from Huobi?
Making a crypto withdrawal from Huobi is a straight-forward process.
- Go to your Balances page
- Next to the crypto you want to withdraw, press Withdraw button
- Paste the address
- Choose the correct network
- Choose the amount
- And press the withdraw button
Before the withdrawal is processed, you will also need to confirm the withdrawal with either your Google Authenticator, SMS code or Email code.
Huobi Global Fees
Huobi Global fees are comparable with other low-fee exchanges, such as Binance or Gate.io.
The base fees for both make and taker are 0.2% and they go lower based on your trading volume.
Additionally, you can also get trading fee discounts if you hold Huobi exchange’s token HT.
Huobi doesn’t charge anything for crypto deposits.
Huobi fiat deposit fee varies.
For example, in case of EUR deposits:
- SEPA transfer costs 0.15% plus 1 EUR
- Skrill deposits cost 2.9%+0.1 EUR
In case of USD the deposits might actually be free.
Huobi withdrawal fees and Huobi withdrawal minimums depend on the cryptocurrency you want to withdraw.
Huobi minimum withdrawal amount for select currencies:
Huobi withdrawal fees for the same currencies:
Huobi Trading fee is 0.2% (same for Maker and Taker).
The fee can be lowered by paying for fees with HT token, your Points, or if your trading volume is very high (rate can be lowered to 0.0097% and 0.0193%).
You can see Huobi’s full fee structure below:
30-day trading volume (BTC)
Fee Rate (in HT)
If you’re a professional, high volume trader, or institutional trader, the fees are a lot lower – 0.0362%/0.0462% and below that. But that assumes that your 30-day trading volume is higher than 700 BTC and HT holdings amount at least 2000 HT.
Trading on Huobi Global platform
While anyone can trade using Huobi Global, it might look slightly complicated for beginners.
At least at first, as Huobi platform might look overwhelming to first-time crypto buyers.
But that’s also sort of a good thing about Huobi – they offer a great ranger of products and services.
Trading on Huobi gives your EXP points which can then be used to upgrade to another user level (Advanced, Insider, Premier, Ambassador, or Partner) and get a range of extra benefits from gifts to personal account manager to increased limits and much more.
When it comes to order types offered by Huobi Global, they currently offer:
- Limit orders
- Market orders
- Stop Limit orders
Huobi Global KYC
Does Huobi require KYC? Yes and no.
No, because you can actually deposit, trade, and withdraw without verification as well.
But the account limits without KYC are lower.
We’ll talk about that in a second.
KYC is also required if you want to deposit and withdraw fiat currencies in Huobi.
But what do you need to pass Huobi identity verification? We’ll get to that in a glimpse as well.
What are the limits in Huobi Global
As mentioned before, Huobi limits depends on whether you are a verified user or not.
Huobi Trading and Withdrawal Limits based on KYC status
Complete ID verification
Complete Advanced Verification
Max withdrawal 0.06 BTC/24h
Max withdrawal 100 BTC/24h
Max withdrawal 100 BTC/24h
Max Single or Total Trade Volume around 156 USD
Single Trade Volume around 313 USD or Total Trade Volume around 1569 USD
No Upper Limits
No Upper Limits
No Upper Limits
Do you have to verify your account on Huobi Global?
No. Identity verification is NOT required, but the maximum daily withdrawal without KYC is 0.06 BTC or roughly $2000.
How to verify your Huobi account?
In order to verify your Huobi account, you need to provide Huobi the following information:
- Full real name
- Proof of address
- Copy of ID card or passport
Why and when should you verify your Huobi account?
We recommend you verify your account the moment you start trading in Huobi. While it’s not required, it is actually an extra layer of security for you.
Huobi Global app
Huobi Global can be used on your computer, but Huobi has a mobile app for trading using your smartphone.
Huobi app is available for both Android and iOS phones.
Huobi Global Earn features
What kind of Earn features of incentive programs/projects does Huobi offer?
- Primepool – locking your tokens for free airdrops
- Slot Auctions
- Crypto Loans
- Dual Investments
Huobi Global customer support
Huobi Global customer support can be contacted through email, live chat, or their support center. Live chat is offered currently in English and Mandarin.
Pros and cons of using Huobi Global
Wash trading accusations
Good cryptocurrency selection
Trading platform not necessarily best for beginners
Fiat deposits and withdrawals
No KYC requirement
High level of security
Using Huobi Global platform - is Huobi simple to use?
Huobi Global is professional platform founded in 2013. Huobi offers great selection of cryptocurrencies, lots of extra features, and relatively low fees.
The negative part of Huobi is lack of licenses, and slightly too overwhelming platform when it comes to beginners.
But overall, Huobi seems to be a pretty decent platform we can recommend.