Huobi Review 2024

HTX is a centralized cryptocurrency exchange founded in 2013. Its country of registration – Seychelles. On 28 February 2024 the number of trading pairs available for trading: 741. HTX last 24-hour trading volume is $2,140,525,728. It changes to -2.93% compared to the previous 24-hour period. BTC/USDT is the most popular trading pair, its trading volume is $128,430,475 in the last 24 hours. The exchange has 10 of 10 possible reliability scores and provides clients with access to fiat currencies.
Volume (24h)
$2,140,525,728-2.93% ↓
Pairs
741
Rating
10 / 10
Country of registration
Seychelles
Fiat
TOP 10 pairs by volume
Pair
Price
24h Volume
Spread
Price change in 24h
Pair
BTC/USDT
Price
$59,316.00
24h Volume
$128,430,475
Spread
+0.01%
Price change in 24h
+$2,729.00 ↑ / +4.82%
Pair
STRK/USDT
Price
$1.970
24h Volume
$92,495,384
Spread
+0.16%
Price change in 24h
-0.040000 $ ↓ / -1.99%
Pair
MANTA/USDT
Price
$2.940
24h Volume
$86,117,159
Spread
+0.18%
Price change in 24h
+$0.010000 ↑ / +0.34%
Pair
ETH/USDT
Price
$3,346.66
24h Volume
$61,884,282
Spread
+0.01%
Price change in 24h
+$83.11 ↑ / +2.55%
Pair
PIXEL/USDT
Price
$0.5409
24h Volume
$59,939,576
Spread
+0.15%
Price change in 24h
-0.044802 $ ↓ / -7.65%
Pair
DECHAT/USDT
Price
$1.880
24h Volume
$52,682,062
Spread
+0.94%
Price change in 24h
-0.24615 $ ↓ / -11.58%
Pair
SEI/USDT
Price
$0.9274
24h Volume
$40,370,640
Spread
+0.07%
Price change in 24h
+$0.017754 ↑ / +1.95%
Pair
PEPE/USDT
Price
$0.000003310
24h Volume
$34,922,589
Spread
+0.45%
Price change in 24h
+$0.000001140 ↑ / +52.53%
Pair
DOGE/USDT
Price
$0.09979
24h Volume
$32,764,255
Spread
+0.02%
Price change in 24h
+$0.0042980 ↑ / +4.50%
Pair
BNB/USDT
Price
$409.90
24h Volume
$31,133,341
Spread
+0.10%
Price change in 24h
+$10.86 ↑ / +2.72%

    Trading platform Huobi appeared on the crypto market in 2013, and it focuses on international trading. As the functionality developed and expanded, more and more traders from different countries, with different experience in working with cryptocurrency, learned about the crypto exchange.

    In 2024, Huobi is one of the leading cryptocurrency exchanges in terms of trading volume. The platform operates in 130+ countries, providing access to the spot and derivatives markets, as well as margin and over-the-counter trading.

    Professional trader will evaluate a wide range of trading pairs, including those with fiat, charts on different timeframes and various indicators for detailed technical analysis, various ways for passive income (blocking, mining, landing and etc.). These terms are a reliable option for beginners and allows them to comfortably start trading and get a good experience.

    Crypto exchange Huobi is in the field of attention of our experts today.

    Registration and account verification

    First of all, you need to register on the exchange, just like on any other trading platform. But it is not necessary to pass identity verification. Everyone can trade on Huobi: both verified and non-verified users. However, identity verification allows you to increase the daily withdrawal limit (you can withdraw only 0.06 BTC in a day without it) and to increase the level of account protection. You will also have an opportunity to replenish the account and withdraw funds in fiat.

    Instructions on how to register on Huobi:

    1. Click Sign in in the upper right corner on official website of the exchange;
      Huobi Crypto Exchange
      Start Huobi registration
    2. Choose a country of residence;
    3. Select the registration method: by Email or Phone;
    4. Enter the email address or phone number;
    5. Create a password;
    6. Accept the terms of use of the trading platform;
    7. Click Sign up.
    Registering a personal account on the Huobi exchange
    Registering a personal account on Huobi

    It remains to confirm registration with a code that will be sent to the email or phone number specified in the form. Now we going to verification if you want to increase the withdrawal limit to 100 BTC and the degree of account protection immediately (recommended).

    Account verification for trading on the Huobi Spot Market takes 2 steps: ID Verification and Complete Advanced Verification (advanced verification).

    To pass ID verification:

    1. Enter your personal account, click on the profile icon and select the Identification tab;
    2. Choose Exchange → Verify;
      ID verification on Huobi exchange
      ID verification on Huobi
    3. Select the type of identity document: ID card or passport → Verify;
      Document type for verification ID verification
      Choosing document type for ID verification
    4. Click Start in the new window,;
    5. Choose to upload a photo of an ID card or passport (you can use a computer webcamera);
    6. Take a photo and upload it to the system.

    For verification, you must use the original document (not a scan). All data must be clearly visible and legible.

    Data validation takes from 5 minutes to 6 hours.

    Account protection

    What do I need to do to improve the security of my account? Here is the minimum recommended set of actions:

    1. First, pass verification.
    2. Second, link phone number to your account;
    3. Third, activate two-factor authentication;

    2FA is an additional layer of account protection that requires you to enter a one-time password each time you log in, withdraw funds, change settings, and work with the API.

    To set 2FA:

    1. Click on the profile icon in your account and select Account & Security;
    2. Among the available security settings, select Google Authenticator → Link;
    3. Huobi two-factor authentication
      Two-factor authentication on Huobi
    4. Download Google Authenticator app for iOS or Android;
    5. Open the application on a mobile device and scan the QR code or copy the key (Copy Key);
    6. Entering a 6-digit code from the GA application → Submit.
    7. GA mobile app
      GA mobile app

    The account is registered. What’s next?

    After registration, verification and security setting, you can start trading cryptocurrency on Huobi.

    But before you can use the trading platform, you need to top up your balance.

    Available deposit and withdrawal methods

    To replenish your account:

    1. Select the tab Balances → Spot Account (spot trading);
    2. Select Balances → Spot Account;
    3. Specify the currency for replenishment (first comes fiat, then cryptocurrencies);
    4. Opposite the desired currency click Deposit;
    5. DeopZit in USD
      Deposit in USD
    6. Select a means of payment and click Deposit.
    To top up deposit in fiat, you will need to a) pass KYC identity verification b) enable two-factor authentication.

    In addition, there is a quick way on Huobi to buy cryptocurrency with fiat: the Buy Crypto option. To exchange fiat to cryptocurrency:

    1. In your account on the menu bar, select Buy Crypto;
    2. Choose the fiat currency to sell;
    3. Select the cryptocurrency you want to buy from the list;
    4. Select a payment method: Visa/Mastercard or USD exchange balance;
    5. Click Buy USDT;
    6. Buying USDT with USD from a card
      Buying USDT with USD by a credit card
    7. If we pay by card, enter the card details and make the exchange.
    You can use 57 fiat currencies and 60 payment methods for payment.

    Trading conditions and instruments available on Huobi

    Huobi is a great opportunity to work with digital assets on one platform.

    Available markets: spot, derivatives, P2P trading, OTC, margin trading, etc.

    You can also make deals using trading bots.

    Spot market

    To access spot trading:

    1. In your personal account select Spot Trading;
    2. Go to the trading terminal and select currency pair;
    3. Fill out the form for creating a buy or sell order: specify order type and enter the required data;
    4. Click Buy if we are buying and Sell if we are selling.
    Spot market trading
    Spot Market Trading

    Margin trading

    Any exchange user can increase their trading capital with leverage. The leverage on the Huobi spot market is up to 5x (depending on the currency), when trading derivatives – up to 125x. To access margin trading, select Spot Trading → Margin in your personal account.

    Leveraged trading offers the possibility of higher profits, but also entails increased risks. Therefore, it is more suitable for professional traders.

    Huobi Trading Bot

    Automated trading allows you to make transactions using customizable trading bots.

    Trading bot (robot) is a program that makes decisions on buying, storing and selling assets according to the specified settings.

    To access trading using bots, select the Spot Trading → Trading Bot tab. Huobi has a fairly simple policy regarding automated trading tools. Everyone can use any software by connecting to the exchange through its API.

    Derivatives

    Передайте параметр text. Обычная строка или html

    Available instruments: Coin-M, USDT-M, Options. To access futures contracts, select the Derivatives tab and activate the desired instrument. To trade on Huobi Futures, you need to activate Derivatives Account (possible only after passing verification).

    P2P trading

    In addition to transactions involving the exchange, users can also interact directly with each other.

    P2P (peer-to-peer) trading involves a form of transaction where the buyer and seller exchange funds directly with each other.

    To access the P2P market:

    1. Select the option Buy Crypto in your personal account ;
    2. Activate the P2P Market tab;
    3. First, specify the cryptocurrency that we will buy, for example, BTC;
    4. Next, enter data for payment: fiat, which we give, amount, payment method;
    5. Based on these data, the exchange selects counter offers from other users;
    6. Select the desired option and go to the details of the transaction.
    P2P USD to BTC exchange on Huobi exchange
    P2P USD to BTC exchange on Huobi

    Over-The-Counter Trading (OTC)

    OTC (means Over-The-Counter) are over-the-counter transactions with various financial instruments. It means the assets are sold directly by users and dealers not involving official exchange.

    To access Huobi OTC select Spot Trading → Brokerage in your account.

    Huobi OTC trading platform
    Huobi OTC trading platform

    Commissions and limits

    Replenishment: no commission.
    Withdrawals: a fixed amount that depends on the coin (for example, 0.0005 BTC or 0.005 ETH).
    Trading commission:

    • Base rate: 0.2% (for all market participants);
    • Discount for holders of the initial HT token (Huobi Token): depends on the number of coins (from ≥10 HT – discount 0.18%, from ≥100HT – discount 0.16% etc.).

    For professional traders with a trading volume of amount from 1000 BTC in 30 days, the exchange provides additional discounts.

    All service fee information is available at commission instructions.

    How to trade on the Huobi cryptocurrency exchange

    To buy or sell an asset on the exchange, you need to go to the trading terminal. To do this, select Spot Trading → Exchange in your personal account (you can choose from the list the instrument you need at the moment). Instructions on how to buy/sell an asset on Huobi:

    1. Select trading pair in the left corner, for example, ETH/USDT;
    2. Fill in the form to create an order, which is located under the chart: the Buy form is for buying, the one Sell is for selling;
    3. First select the order type;
    4. Based on the selection, specify other transaction parameters: quantity, price, stop price and so on;
    5. Click Buy ETH or Sell ETH.
    Trading on the Huobi Spot Market
    Trading on the Huobi Spot Market

    Additional services of the Huobi exchange

    Staking

    Staking is a way to make passive income by storing PoS coins in your account.

    To access the option in your personal account, select Finance → Staking. Huobi allows you to stake the following digital assets: ZIL, ELF, LUNA, XPRT, SOL, CSPR. Select a coin and press Stake now.

    Huobi Staking Page
    Huobi Staking Page

    Candydrop – Airdrop by Huobi

    CandyDrop is Huobi's free token giveaway program.

    To access this option in your Huobi account, select Finance → CandyDrop. Both current and past distributions of tokens are displayed here.

    CandyDrop Page
    CandyDrop Page
    The program is designed to reward active traders and increase their access to a wider range of assets.

    Mobile app

    In addition to the web version, the functionality of the exchange is available as a mobile application for iOS and Android.

    You can download the Huobi app at App Store or Google Play.

    Huobi iOS mobile app
    Huobi mobile app for iOS devices

    Reviews

    On the popular review site Trustpilot, where users leave their reviews for various services, Huobi is rated 2 out of 5. However, it is more efficient to look not at the general assessment of the service, but to read the reviews. It is а frequent situation when the review does not have any specifics, but only emotions. Reviews should be meaningful: if you didn’t like something, then why, and vice versa.

    Pros and Cons

    Working since 2013;
    Provides services in 130+ countries;
    Has a FSA license in Japan;
    Multi-language interface;
    Ability to trade anonymously (for unverified users - withdrawal limits and unavailability of some options);
    Available markets: spot, derivatives, P2P, OTC;
    Buy Crypto option: buying cryptocurrency for 50+ fiat currencies;
    Margin trading;
    Built-in trading bots;
    Discount on trading commission for Huobi Token holders and for professional traders (traded volume from 1000 BTC in 30 days);
    Additional services: staking, CandyDrop (free distribution of coins) .
    Quite complicated verification procedure;
    Low withdrawal limits for unverified users: only 0.06 BTC per day);
    No pairs to fiat;
    Negative user feedback regarding the work of technical support.

    FAQ

    What is Huobi?
    Huobi is a popular crypto exchange focused on international trading, founded in 2013 by Chinese developer Leon Li. Operates in 130+ countries, suitable for traders with different levels (the exchange offers special conditions for professional traders). Available Markets: Spot, Derivatives, P2P, OTC, Margin Trading.
    Can Huobi be trusted?
    There is no information in public access that the Huobi exchange was hacked. The trading platform offers different ways to protect your account: identity verification, linking a phone number and email to your account, two-factor authentication. First of all, the user himself should take care of the security of his funds. Therefore, we recommend using the available security settings to the maximum.
    How to trade on Huobi?
    Just like on any other exchange: we replenish the account and go to the trading terminal, where we create an order to buy/sell an asset.For step-by-step instructions, see How to trade on Huobi Cryptocurrency Exchange.
    How to top up deposit on Huobi exchange?
    In your personal account, select the tab Balances → Spot Account (spot account). Next, specify currency and payment method.

    Details about all deposit and withdrawal options are described in the section Available methods of depositing and withdrawing funds.

    How to buy on Huobi?
    Huobi offers the option to quick buy crypto for 50+ fiat currencies. You can pay for your purchase with Visa/Mastercard. To do this, select the Buy Crypto option in your personal account and fill out the purchase form.

    We wrote about this in detail in the section Available methods of depositing and withdrawing funds.

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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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