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A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of Huobi consists of four parts: general info, fees, deposit methods and security.
General Info
Huobi is originally a Chinese crypto exchange. From what it seems, it has now registered in the Seychelles. This exchange is one of the six exchanges from the Seychelles.
Huobi declares on its website that it has millions of users across more than 130 countries. According to trading numbers from Coinmarketcap.com, Huobi had an adjusted 24 hour trading volume of USD 1.24 billion on the date of last updating this review (23 March 2020, right in the middle of the crisis with COVID-19). This placed Huobi on place no. 27 on the list of the exchanges in the world with the highest 24 hour trading volumes. Accordingly, the liquidity at Huobi is impressive. The liquidity, together with its customer support that is open 24 hours a day 365 days a year and the security, are the three factors that Huobi states as advantages:
US-investors
Huobi does not allow US-investors on its exchange. Please use our Exchange Finder to find another trading platform accepting US-investors.
Huobi Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at Huobi:
Huobi Fees
Huobi Trading fees
At the beginning of 2017, several zero-fee exchanges started working in China. OKCoin, Huobi, and BTCC invited an influx of funds. But only months later, regulators forced the exchanges to impose a flat 0.20% trading fee. Today, there is only a handful of exchanges in the world offering zero-fee trades and many of them get paid in other ways (e.g., charging higher withdrawal fees).
This exchange is still charging 0.20% in trading fees for both takers and makers (flat trading fee). 0.20% is slightly below the global industry average. The industry average is arguably around 0.25%.
Huobi Withdrawal fees
This exchange charges a withdrawal fee amounting to 0.0001 BTC when you withdraw BTC. This fee is below the industry average and is an edge against most other top crypto exchanges in the market.
