Hello Steemians, this time I ambtalking to you about Huobi Feature for the Spotlight on Huobi 7th Anniversary Celebration Rewards challenge. Ensure to read till the end to know more.
Spotlight On Huobi
Huobi as you know is a cryptocurrency exchange founded in China with it's headquarters located in Seychelles. Huobi was founded by Leon Li in 2013 and has branches were it serves Asian countries more than anywhere else, they also have a branch in the USA.
FEATURES OF HUOBI
I would be reviewing the feature os Huobi exchange and its functions here, let's start by reviewing the Wallet.
In the Huobi exchange, there are wallets allocated to all coins and tokens that are being traded in the exchange. Every Huobi user is given a wallet for every coins, they have a public address and a private address as well.
Huobi trading fee is basically 0.20% per trade made by the makers and the takers. This is for trading volume that is below 5 million. The more the trading volume, the lesser the trading fee and it usually gets to 0.015% for makers and 0.025% for takers whenever the trading volume is 300 million and above.
Withdrawals and Deposits
Huobi Global does not support fiat for withdrawals and deposits, it only accepts deposits and withdrawals with cryptocurrency. However it has a fiat trading feature and only a few coins like BTC, ETH, and XRP can be bought with fiat through debit cards and credit cards. Huobi do not charged fees for deposits and withdrawals and its done within minutes. There is withdrawal limits and it depends on different accounts or the cryptocurrency being withdrew and how verified the user is.
Know Your Customer (KYC) for Huobi Exchange is an importan. Huobi does not require all it's users to undergo verification. As time goes by, Huobi can request for verification from its users either to access higher withdrawal limits or for other specific special purposes.
Huobi also has an app that can be download on and compatible with Android, iOS, Windows and Mac devices. Trading on the Huobi App is quite easier for its users.
It is important to consider the regulatory obligations as a major factor before using it. Since Huobi Global is incorporated in Seychelles,it is regulated according to the Seychelles regulatory requirements an so every users must go by the relevant laws and regulations of their own jurisdiction to be sure that Huobi is legally accepted before using it.
Huobi Global has some other exchanges being managed by their ofher partners. The list of the partner exchanges are;
- Huobi Pro
- Huobi HBUS(US strategic partner)
- Huobi Korea
- Huobi Pool Eco Exchange.
24/7/365 Customer Service
One of the best Huobi features is it’s 24/7/365 customer service, it is run almost perfectly and had great review by it's users.
Wide Range Of Crypto Coins And Token
The availability and access to a wide range of crypto coins and tokens on the Huobi exchange is a unique feature that makes traders to use it more. Over 200 cryptocurrencies are listed on Huobi.
Pre-trade Education Programs
The pre-trade education programs for new users on the Huobi app is very helpful and makes it standout from various exchanges. These makes the use of Huobi very easy to navigate with the help of this program.
The above is a detailed review of the features in the Huobi app and their functions, I hope you were able to understand it and can use it to your advantage. Thanks for reading through and most thanks goes to @steemitblog for the interesting crypto challenge.
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