Huobi Broker Review
A Brief Overview Of Huobi
Huobi crypto exchange, operating under Huobi Group, was founded in 2013 in China but crossed borders to Singapore where it has its corporate headquarters. It also maintains offices in Korea, Japan, and the United States. The broker was primarily established with the goal of providing a “financial hub” for the management and trade of digital assets.
Assets Traded on Huobi
Huobi specializes in the storage and exchange of their customer’s digital currency assets. The broker currently allows for the buying and sale of over 190 crypto currency pairs on the platform. Popular crypto assets on Huobi include:
- Bitcoin
- Ethereum
- Ripple
- Dash
- Bitcoin cash
- Litecoin
- Huoobi Tokens
Fees
The broker doesn’t impose deposit fees, whether you are funding your account via bank deposit or using another form of crypto currency. The exchange, however, maintains a standard 0.2% fee on all transactions with withdrawal fees ranging from 0.0001 BTC for Bitcoin to 0.1 XRP for Ripple. In addition, it has a VIP membership scheme that discounts withdrawal fees depending on the client’s package of choice as well as a withdrawal limit for different coins depending on the account holder’s account verification status.
Here is a table summarizing the withdrawal fees of the various crypto assets:
| Coin | fees |
| Bitcoin | 0.001 |
| Bitcoin Cash | 0.0001 |
| Ethereum | 0.01 |
| Litecoin | 0.001 |
| Ripple | 0.1 |
Customer Support
Huobi exchange claims to offer 24-hour support throughout the year. It is also a multilingual platform and supports English, Korean, Japanese and Chinese languages. Moreover, one can access their support team through email: support@huobi.com, live chat or their official Twitter, Facebook, and Telegram handles.
Pros
- Supports both Mac and Windows as well as iOS and Android operating systems
- Has a wide range of digital assets
Cons
- History of falsifying trades
In Conclusion
Huobi allows for the diversification of the customer portfolio and even promises 24/7 support. But it is dogged by several controversies from falsifying trades to losing client funds in unclear circumstance. Though the broker has issued statements addressing these cases, I still would be cautious with the exchange.
