With the passage of time, the cryptocurrency industry has been growing in size. Every day a new cryptocurrency exchange is launched into the crypto-verse offering different products and services. However, there is always one big problem with such exchanges that not much is known about them, so they cannot trust that much. Therefore, it is wiser to become part of a more trusted cryptocurrency exchange that has been in the crypto business for a long time. So let me share some information about Huobi in my Huobi review so you can understand by Huobi would be a better choice to start trading.
Huobi’s Market Presence
Huobi is without a doubt one of the top cryptocurrency exchanges in the entire world. It currently has a market reputation that competes with the likes of exchanges such as Binance, Coinbase, and Kraken. Whether you are in Japan, South Korea, or anywhere in the world, chances are that you will be able to trade in cryptocurrencies through Huobi.
Huobi as a Basic Facilitator
Huobi is not like a mediocre cryptocurrency exchange that only offers one or two kinds of services. The platform is high-end and provides a wide range of facilities. Its most basic facility is the quick buy/sell and P2P market service.
Huobi allows you to purchase up to 348 cryptocurrencies through 60 different kinds of payment methods. The platform also provides you access 57 local currencies that you can choose in order to make purchases through the platform.
In the peer-to-peer (P2P) market, the users do not have to rely upon Huobi for the purchase or selling of cryptocurrencies/fiats. In the P2P market, the users interact directly with each other and buy/sell cryptocurrencies among each other. This way, there is no intermediary so there is no interference from third parties and even Huobi.
Huobi’s Trading Markets
While the majority of the mediocre crypto-exchanges offer a single trading market, Huobi offers you a couple of trading markets that include exchange and futures trading markets:
Exchange Trading Markets
In exchange trading markets, Huobi lets you trade in 348 cryptocurrencies. You can buy any of the cryptocurrency and then sell it off to earn a profit once the price of the asset matures.
Futures Trading Markets
In futures trading, Huobi lets you predict the price of a cryptocurrency in a future time. You can predict if the price of the asset would go up or down. If the outcome is as per your prediction, then you make a profit out of it. In futures trading, Huobi does not require you to purchase cryptocurrencies but calls the shots on them. You can place your call for as high value as you want and earn as many profits as possible.
Other Trading Features
In addition to the basic trading types, Huobi also provides you with the ability to perform spot trading where you can buy or sell cryptocurrencies instantly with other traders. Through spot trading, you also have the ability to perform margin trading, where Huobi lets you borrow cryptocurrencies and use them in the market. This way, you have more opportunities of making profits than in exchange trading markets.
Derivatives through Huobi
When using the services offered by Huobi, you have access to services such as futures, coin-margined swaps, and USDT-margined swaps. These services are also available for you to avail yourself as many benefits as you can in the cryptocurrency markets to increase your profits and gains.
Huobi’s Trading Platform
Whether you are at your house, office, or outside, Huobi has ensured that you have access to its trading platform 24/7. Therefore, it has ensured that you have access to it via PC or a smartphone. This is to ensure that you never lose an opportunity to trade and make profits.
Huobi’s Payment System
If you plan on making an investment through Huobi, then you can do it through several payment methods. Some of the major and most prominent payment methods offered include credit/debit cards and bank wire transfers. Huobi also has its own wallet so you can transfer funds from your own wallet to Huobi’s if you wish to make investments in any cryptocurrencies.
Huobi ensures that the security provided through the platform is impenetrable and highly secured. Therefore, Huobi has introduced SSL P2P security system that ensures all your transactions are protected with encryptions and cannot be breached by the non-concerned party.
All transactions flow through the peer-to-peer protocol, which means that the transactions cannot be accessed by anyone.
Global Customer Support
Houbi is dedicated to providing you with the most reliable and professional customer support. The customer support teams at Huobi are well-experienced and ready to guide you with any query 24/7 via chat support. If you do not feel like getting in touch via chat, then you can do it via email.