OFFER: If you sign up to Huobi using this link, you can receive up to USD 300 in sign-up bonus, by completing a number of basic tasks.
What is Huobi?
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.
Huobi Trading Volume
According to trading numbers from Coinmarketcap.com, Huobi had a 24-hour trading volume of USD 13.5 billion on the date of last updating this review (2 December 2021) - a very impressive liquidity indeed. The liquidity, along with its customer support that is open 24 hours a day 365 days a year, and the security, are the three factors that Huobi highlights as main advantages:
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 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 spot 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%.
With respect to Huobi's contract trading, takers are charged 0.04% and makers pay 0.02%. According to the latest empirical study on the subject, the industry average contract taker fees were 0.063% and the industry average contract maker fees were 0.018%. Consequently, Huobi's contract trading fees are below the industry average for takers, but slightly above for makers.
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.
This platform offers wire transfer as a deposit method, but you can’t deposit via credit card. Within the area of wire transfers, one of the more common ways of transferring is through AdvCash.
As of 12 January 2021, Huobi offers zero fee deposits through AdvCash when your depositing RUB (most likely in a promotion to solicit Russian investors). Standard prices are 0.99% for deposits of RUB and 2.49% for withdrawals of RUB.