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Huobi Global

Huobi 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.
(Page last updated: 5th of July 2022)
Huobi Global offer
TRY ITKYC not neededNew users can earn up to $150 and get 20000 SHIB
Exciting welcome rewards are waiting!

Huobi Global exchange details

ClarityCryptosPaymentsFeesAppFeaturesTrustOverall
Ratings
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ExchangePayments & feesAccount
Exchange nameHuobi GlobalPayment optionsCrypto, FiatKYCNot 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.
Websitehuobi.comFiat depositsyesAccepted countriesHuobi accepts users from most countries.
Established2013Min deposit100 USDTRestricted countriesUnited 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 accounts10 million, 2 million with non-zero balanceMin withdrawalN/AMobile appYes
LicenseUAE (United Arab Emirates), New Zealand, Gibraltar, Hong KongFeesEUR deposits: SEPA 0.15% plus 1 EUR, Skrill 2.9%+0.1 EUR. Huobi Based Trading fee is 0.2%.FeaturesSpot trading, derivatives trading, Earn

Huobi Global

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+
Headquarters: Seychelles
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.

  1. Click here to go straight to Huobi registration page
  2. Fill in your email, phone number, and choose your password.
  3. 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?

  1. Click “Balances” → “Spot Account”
  2. Click Deposit Choose the currency
  3. 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.

  1. Choose “Balances”→”Fiat Account”
  2. Click Deposit next to the fiat currency you want to deposit

Deposit fiat in Huobi Global

Fiat deposit limit is $3,200/24h.

How to withdraw from Huobi?

Making a crypto withdrawal from Huobi is a straight-forward process.

  1. Go to your Balances page
  2. Next to the crypto you want to withdraw, press Withdraw button
  3. Paste the address
  4. Choose the correct network
  5. Choose the amount
  6. 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.

Deposit Fees

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.

Withdrawal Fees

Huobi withdrawal fees and Huobi withdrawal minimums depend on the cryptocurrency you want to withdraw.

Huobi minimum withdrawal amount for select currencies:

BTCETHUSDTBNBADASOLXRPDOTDOGESHIBXLMLTCTRX
Huobi Global0.00140.01120.02210.020.752.17053204108.020.141

Huobi withdrawal fees for the same currencies:

BTCETHUSDTBNBADASOLXRPDOTDOGESHIBXLMLTCTRX
Huobi Global0.00040.000410.0110.010.250.1203204110.020.0011

Trading Fees

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:

Level
30-day trading volume (BTC)
Base fee
HT Holdings
Fee Rate (in HT)
Discount
1
<1000 BTC
0.20%
>10HT
0.18%
10%
2
<1000 BTC
0.20%
>100HT
0.16%
20%
3
<1000 BTC
0.20%
>500HT
0.12%
40%
4
<1000 BTC
0.20%
>1000HT
0.9%
55%
5
<1000 BTC
0.20%
>2000HT
0.8%
60%
6
<1000 BTC
0.20%
>5000HT
0.7%
65%

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 registration
Complete ID verification
Complete Advanced Verification
Exchange
Max withdrawal 0.06 BTC/24h
Max withdrawal 100 BTC/24h
Max withdrawal 100 BTC/24h
P2P
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
Derivatives
Not available
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
  • Country
  • Address
  • 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?

  • Staking
  • 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

PROS
CONS
Deep liquidity
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.

Jay Gory image
Author: Jay Gory
I became interested in cryptocurrencies only a bit more than a year ago. Since then I have been in investing in cryptos using different crypto exchanges, playing around with crypto trading bots, and also launched Cryptolorium.com to share my crypto journey and my results with all crypto traders.



Quick answers to frequently asked questions

How high are Huobi fees?
Huobi (base) trading fee is 0.2%.
How big is Huobi crypto selection?
You can currently trade more than 400 currencies in Huobi Global.
Do you have to go through KYC process in Huobi?
No. You can deposit, trade, and withdraw without KYC. But verifying your identity will increase your limits and give access to fiat deposits and withdrawals.
Can you deposit fiat in Huobi?
Yes. But for fiat deposits you need to verify your identity first.