US investors permitted
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of HBUS consists of four parts: general information, fees, deposit methods and security.
HBUS is actually linked to an even bigger exchange: Huobi. As a matter of fact, HBUS is Huobi‘s exclusive strategic US-partner. HBUS has its headquarters in San Francisco and offers trading in 7 cryptocurrencies:
America is in many ways the ruler of cryptocurrency right now. It has a very impressive number of cryptocurrency exchanges and a large part of the everyday cryptocurrency trading occurs on American exchanges or on other exchanges but involving American traders. A few of the cryptocurrency exchanges coming from the USA are Coinbase, Gate.io, Paxful and Bitquick. As this exchange is an American cryptocurrency exchange, US-investors are of course welcome to trade here.
HBUS Trading fees
This trading platform offers flat trading fees (meaning that takers and makers pay the same fees upon completion of an order), amounting to 0.10%. This is below the global industry average and also below the domestic American industry average. Among the 13 American cryptocurrency exchanges we list in our Cryptocurrency Exchange List, the average trading fee for takers is 0.47%. The trading fees charged by this particular coin exchange are thus way below the American domestic industry average.
HBUS Withdrawal fees
Furthermore, we have not been able to find this exchange’s withdrawal fees. As you can surely imagine, silence on fees from exchanges are naturally also risks for you as an investor. Accordingly, we strongly urge you to make your own analysis of the withdrawal fees at this exchange before depositing any funds here and before concluding that it is the best cryptocurrency exchange site for you.
HBUS does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!
We run all exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is actually only one of many indicators of the exchange’s security. HBUS only received a D-score in this test. This is below industry average and is thus not a competitive advantage at all for HBUS.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.