Huobi Global Review - Is it worth to use

Huobi Global Review - Is it worth to use

Huobi Global is one of the cryptocurrency leading platforms that allows its users to do something extra with their cryptos such as trading, exchange, staking, lending. And as well as buying and selling bitcoin and other cryptos via bank card, bank account, Western Union, SEPA, and many more.

So if you are considering Huobi Global to manage cryptos, then you are in the right place. Here I bring you every detail of Huobi that will help you understand deeply about it.

For a detailed review of Huobi Global, keep reading this post. Here’s what I’ll cover:


Contents.
  • Who is Huobi Global?
  • Huobi services.
  • Currencies and Payment methods.
  • Huobi Global fee.
  • Buying limits.
  • Supported countries.
  • Huobi security.
  • Huobi support and user reviews.
  • Huobi vs other exchanges.
  • Conclusion - Is it worthy for use.


1. Who is Huobi?

Huobi is a China-based digital asset trading platform that was launched in 2013 by Leon Li (Chairman, Founder/CEO) but due to the ban of cryptocurrency in China, it moved its headquarters to Singapore. Since now it is one of the world's largest cryptocurrency trading rather than a simple cryptocurrency exchange as they define itself.

During the writing trading value of Huobi Global on CoinMarketCap is about $15,172,781,146.



2. Huobi Services.

Huobi defines itself as a crypto trading platform but gives almost every service, which makes Huobi more useful. If you look for services, it gives you the following services.

  1. Buy cryptos.
  2. Sell cryptos.
  3. P2P market.
  4. Exchange.
  5. Spot trading.
  6. Derivative trading.
  7. Crypto Mining.
  8. Crypto lending.
  9. Crypto saving.
  10. C2C lending.
  11. Crypto wallet.


3. Currencies and Payment methods.

Huobi has listed many cryptos and fiat for buying and selling with huge payment methods, while for trading it has 315+ crypto assets.

You can use the quick buy/sell or P2P market to buy and sell cryptos. Below you can see quick buy/sell cryptos, fiats, and payment methods.


Quick Buy.

Cryptos - USDT, BTC, ETH, HT, EOS, BCH, XRP, LTC, HUDC, ETC, BSV, DASH, HPT.

Fiats - CNY, USD, HKD, VND, MYR, TWD, KRW, RUB, AUD, CAD, SGD, GBP, EUR, PHP, INR, CHF, NGN, IDR, BRL, SAR, AED, TRY, NZD, ZAR, NOK, DKK, SEK, ARS, THB, COP, VES, ALL, BGN, PEN, CZK, HRK, HUF, MDL, MKD, PLN, RON, UAH, AZN, AZN CLP, CRC, DOP, GEL, ILS, KZT, MAD, MXN, NAD, QAR, UYU, UZS.

Payment Methods - Visa card, Bank transfer, FPS, E-wallet, Alipay, WeChat, Wallet Balance, Western Union, POLi, BPAY, Interac e-transfer, Faster payments, SEPA, iDEAL, Sofort.

Quick Sell.

Cryptos - USDT, BTC, ETH, HT, EOS, BCH, XRP, LTC, HUDC, ETC, BSV, DASH, HPT.

Fiats - CNY, USD, HKD, VND, MYR, RUB, INR, TRY.

Payment Methods - As given above.

Note* - Huobi has many payment methods that do not mean all will support your country.



4. Huobi Global Fees.

Huobi does not show fees separately, it is already included in the total amount. If you calculate the fees, it comes around 3.49% of the amount via bank card. While for trading it charges different rates for different types of trading, which are as follows.

Spot trading - Maker 0.07 - 0.2%/Taker - 0.07 - 0.2%

Margin trading - 0.0343 - 0.0980% daily.

Fiat trading - Maker 35 - 90%/Taker - free.

Contract trading - Maker 0.02%/Taker - 0.04%

See all Fees here.

Huobi Global Review - Is it worth to use



5. Buying limits.

The minimum & maximum buying amount differs according to your verification status and tiers. You can see the amount which is given in EUR. For verification, you will need the following documents to upload.

Level 1 - Only required verifications and ID.

Level 2 - Purpose of trading, Expected trading volumes per day/month, Source of funds, Monthly income size, Employment status.

Level 3 - Proof of residential address, Proof of source of funds

Here you can see how to complete verification.

Huobi Global Review - Is it worth to use




6. Supported countries.

Like its name, "Huobi Global" offers it's all services all around the world but only except limited countries fiat currency for deposit and withdrawal.

Australia, Cameroon, Chad, Canada, Denmark, France, Greece, Haiti, Iceland, Libya, Mexico, Nepal, Belize, Romania, Senegal, Cape Verde, Sri Lanka, United Kingdom, Eritrea, Gambia, Indonesia, Lebanon, Angola, Malta, Bahamas, Benin, Chile, Ghana, Gibraltar, Grenada, Serbia, Guinea-Bissau, Tonga, Kenya, Finland, Namibia, Oman, Palau, Jamaica, Solomon Islands, Kyrgyzstan, Tunisia, Montenegro, Peru, Sweden, Trinidad and Tobago, Yemen, Bahrain, Bulgaria, Colombia, Belarus, Cuba, Cyprus, Algeria, Burkina Faso, Cambodia, Kuwait, Russian Federation, Saint Lucia, South Sudan, Tanzania, Turkey, Virgin Islands, British, Japan, Malawi, Netherlands, Maldives, Botswana, Qatar, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Slovenia, Sudan, Taiwan, Tuvalu, Vatican City, Uruguay, Malaysia, Moldova, Nauru, Papua New Guinea, Zambia, Andorra, Bolivia, Afghanistan, Congo, Côte d'Ivoire, Laos, Dominican Republic, Mauritania, Egypt, Gabon, Morocco, Uganda, Nigeria, Swaziland, Vietnam, Austria, Barbados, Bosnia and Herzegovina, Djibouti, Equatorial Guinea, Comoros, Estonia, Fiji, Ethiopia, Mali, Hong Kong, Ireland, Italy, Philippines, Macedonia, Poland, Madagascar, Sierra Leone, Vanuatu, Panama, Portugal, Samoa, Saudi Arabia, Albania, Burundi, Guinea, Iran, Timor-Leste, Armenia, Bangladesh, Belgium, Kiribati, Lithuania, Bhutan, Mongolia, Cayman Islands, Myanmar, Niger, Rwanda, Sao Tome and Principe, Slovakia, Czech Republic, Thailand, United Arab Emirates, Ecuador, Germany, India, Liberia, Luxembourg, Liechtenstein, Marshall Islands, Monaco, Mozambique, New Zealand, Pakistan, Togo, Uzbekistan, Venezuela, Zimbabwe, Antigua and Barbuda, Croatia, Argentina, Guyana, Kazakhstan, Lesotho, Central African Republic, Norway, Paraguay, San Marino, Spain, Suriname, Switzerland, Tajikistan, Guatemala, Honduras, Iraq, Mauritius, Nicaragua, Singapore, Somalia, Azerbaijan, Brazil, Brunei, China, Costa Rica, El Salvador, Georgia, Hungary, Israel, Jordan, Latvia, Micronesia, Seychelles, South Africa, Turkmenistan, Ukraine, Isle of Man, Kosovo.



7. Huobi Security.

They have given as much as possible, like other platforms. Huobi uses a cold wallet to store 98% of its coins offline to protect them from theft.

For user security, it gives 2FA, email, phone number, and KYC verification. All of these most important is, it has a clean history.



8. Huobi support and user reviews.

They use several social media and you can connect by using it and also they have a help desk that gives you all answer to your problems.

To see users' reviews, I went to several platforms, and the reviews were good and bad or you can say the review was 50-50 percent.

The most negative review was about KYC verification. They said the verification process takes a long time to complete and asks for many documents and information. Some users also complain Huobi requires many confirmations for coins deposit.

Positive reviews were about trading features, they said trading features are user and mobile-friendly. While some say the withdrawal process is quick.

TrustPilot Reviews - 3.1 stars,  PlayStore - 4 stars



9. Huobi vs. other exchanges.

If you compare Huobi to other exchange platforms, then Huobi has a higher chance to stand in the first position.

9.1 Huobi vs Coinbase.

Coinbase charges about 3.99% while Huobi charges about 3.49% only demerit you will find Coinbase supports limited countries but Huobi supports the world. Also, Coinbase has only a simple exchange and Huobi has an advanced exchange feature.

9.2 Huobi vs Binance.

Binance is popular among the users but supports few payment methods while Huobi supports many payment methods. If you look, both Binance and Huobi charge about 3.50 percent.

9.3 Huobi vs Coinmama.

Coinmama does not stand before Huobi Global because of the fee it charges about 5.90% while Huobi charge about 3.49 percent but both support worldwide.



10. Conclusion - Is it worthy for use.

Well, it looks worthy to use because it has a clean background history and also it supports all over the world. The widely featured users look for is a bank card, then yes it supports VISA and Mastercard to buy & sell BTC and charges about 3.49% which is pretty fair.

Not just bank cards, you also have several ways like SEPA, bank account transfer, E-wallet, and many more to buy and sell your first bitcoin.

By the way, what you think about Huobi Global, are you going to use it or are you already using it tell me your experience I really excited to hear.

PROS.
  1. Low fees.
  2. Support worldwide.
  3. Gives many services.
  4. Have many payment methods.

CONS.
  1. Poor customer support.
  2. Need KYC verification.


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