Selecting a trustworthy cryptocurrency exchange has grown increasingly complex since the FTX collapse. Today, we’ll examine Huobi—one of Asia’s oldest and most secure crypto exchanges. This review covers its pros, cons, features, ratings, and security measures.
Overview
| Metric | Details |
|----------------------|----------------------------------|
| Founding Year | 2013 |
| Headquarters | Seychelles |
| Trading Volume | $433 Million (24h) |
| Trading Options | Spot, margin, derivatives, crypto-to-crypto |
| Trading Fees | 0.20% (maker/taker) |
| Listed Coins | 500+ |
| Trading Pairs | 700+ |
| Supported Fiat | 50+ currencies |
| Native Token | Huobi Token (HT) |
| Mobile App | iOS & Android (4.5/4 ratings) |
| Security Rating | 8/10 (20,000 BTC reserve) |
Introduction
Founded in 2013 by Leon Li, Huobi operates in 130+ countries with a mission to democratize financial services. Despite its strong market presence, Huobi faced scrutiny after allegations that Li sold 60% of his stake ($2–3B).
👉 Explore Huobi’s trading platform for low fees and robust security.
Account Setup & Verification
- Sign Up: Visit Huobi’s website and register with your email/mobile.
- Verify Email: Confirm via the sent link.
- KYC Submission: Upload a government ID (processing: 24h–3 days).
Note: Only verified accounts can deposit fiat.
User Interface & Experience
Huobi offers an advanced platform with:
- Smartchain: Blockchain asset analytics.
- 700+ Cryptos: BTC, ETH, HT, USDT, and altcoins like APE and DOGE.
- Mobile/Desktop: Intuitive charts and market data.
Ideal for: Intermediate traders; beginners may find the tools overwhelming.
Fees & Costs
- Trading: 0.20% (drops to 0.10% for high-volume traders).
- Deposit/Withdrawal: Crypto-only (no fiat fees).
Security & Safety
- Cold Wallets: 95% funds stored offline.
- 20,000 BTC Reserve: For emergency reimbursements.
- Regulation: Licensed in Gibraltar (DLT provider).
Risks: Unregulated in Seychelles; past account closures for compliance.
Customer Support
Channels:
- Live chat
- Email/tickets
- Support center
Issues: Slow responses; withdrawal complaints (per user reviews).
Regulatory Compliance
- Restricted: U.S. (use HBUS instead).
- Available In: Australia, Canada, Japan, and 50+ others.
Avoid VPNs: Prohibited for U.S. users.
Pros & Cons
✅ Strengths:
- High liquidity
- 500+ cryptos
- Strong security
❌ Weaknesses:
- No fiat withdrawals
- Lengthy KYC
- Unregulated in key markets
Conclusion
Huobi excels in crypto diversity and security but faces regulatory hurdles. Recent Gibraltar licensing signals progress.
Recommendation: Suitable for non-U.S. traders prioritizing low fees and altcoin access.
FAQs
Q1: Is Huobi available in the U.S.?
A1: No—use HBUS instead.
Q2: What are Huobi’s trading fees?
A2: 0.20% (reducible to 0.10%).
Q3: Has Huobi ever been hacked?
A3: No—20,000 BTC insurance fund backs user assets.
👉 Start trading on Huobi today!