Huobi (Huobi Global) Review 2021

Huobi (Huobi Global) Review 2021
Davis J.
Robertson A.
January 2021

5

Position
in rating

Trading terminals:

Web platform Mobile application for Android and iOS
5

Position in rating

9.2/10
Overall rating

Trading terminals:

Web platform Mobile application for Android and iOS

Summary of Huobi Global Trading Company Crypto Exchange

Huobi Global (pronounced “haw-be”; with “huo” meaning “hot” or “popular” and “bi” meaning “coin” or “currency” = “popular currency”) is a global cryptocurrency exchange that was founded in China but is headquartered in Seychelles. The work of the international company Huobi Global started in 2013. The cryptocurrency exchange allows traders to carry out transactions with a variety of assets, including about 300 currency pairs and cross rates. There is no information on whether this company is licensed and the exchange hasn’t received any awards during its brief activity.

💰 Account currency: Account replenishment is possible in all currencies and cryptocurrencies provided by the exchange
🚀 Minimum deposit: 100 USDT / 0,001 BTC
⚖️ Leverage: No
💱 Spread: No
🔧 Instruments: Cross rates, currency pairs
💹 Margin Call / Stop Out: No
Attention!

Cooperation with Huobi Global clients is only possible if the trader has opened an account through the Traders Union website. You can’t work with accounts opened in any other manner.

👍 Advantages of trading with Huobi Global:

  • a vast array of trading instruments;
  • the minimum level is US$100;
  • the site is integrated for clients worldwide.

👎 Disadvantages of Huobi Global:

  • lacks a demo account;
  • no investment programs for passive earnings;
  • few ways to contact support;
  • the activities of the cryptocurrency exchange are not licensed or regulated by any authority;
  • clients' financial assets are not protected by segregated accounts or compensation payments in the event of an exchange liquidation;
  • there are no training materials or courses for users on its website.

Overall

The Huobi Global cryptocurrency exchange offers traders a wide range of financial assets, but the company's activities are not certified, which may entail high financial risks during cooperation.

Visit Huobi Global

Geographic Distribution of Huobi Global Traders

Huobi (Huobi Global) Latest Comments for 2021

9
2
12

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Huobi Global published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I have seen information that the Huobi exchange uses customer deposits for third-party investments. She is accused of raising about 5,000 BTC in order to cover losses. If true, it looks a lot like a pyramid scheme.

The Huobi exchange can be problematic. This is a Chinese exchange, and its operation will depend on the actions of the Chinese authorities. For the citizens of China, there may not be many problems. But for citizens of other countries ... Decide for yourself

The fact that Huobi Global is not licensed by anyone did not bother me much. Not all exchanges have their documents in shipshape. Also, this niche is still poorly regulated, so real customers’ reviews are what matters the most. It is a blessing from above that I’ve found a person from my inner circle who has decent expertise in Huobi Global and is satisfied with the service. I decided to check the ins and outs of this company. From my perspective, the entry threshold here is small. You can test this crypto exchange with minimal risks. I have nothing to complain about regarding this crypto broker. The quality of service is top-notch and transactions are being executed smoothly.

I've been trading on Huobi for about a year. What do I want to say? The barge is quite adequate, with five levels of protection. But the fees are pretty high. True, the size of commissions can be reduced by increasing the volume of trade.

First Huobi said the min deposit amount is 0.0001 BTC. Then after is transferred 13000 satoshi to it but immediately it changed to min deposit amount is 0.001 BTC. My BTC is trap. Nither i have BTC to deposit nor Huobi refund. Now i think better alternative was Binance. Binance give Binance token either amount is 100 sat or 1 BTC.

Huobi Global is light-years ahead of other companies, IMO. However, I was on tenterhooks during the verification. I’m beyond grateful for technical support for their prompt and comprehensive answers.
Speaking of trading, it is convenient to use this platform. There is access to more than 300 currency pairs and a plethora of indicators for comfortable work. My sound advice to all newcomers is to study the rules set by the crypto exchange. You need to stick to them to trade on the exchange hassle-free. I had no severe issues with Huobi Global, so I continue to trade here.

Huobi Global is a bel esprit exchange. I started trading here back in 2019 when Bitcoin hit rock bottom. I didn’t have any pipe dreams at that time, but I was bemused that Huobi Global is running like clockwork and provides high-quality execution of transactions although it’s not the most flexible platform in terms of its attitude toward traders (there are no demos or training for newbies). They offer loads of trading assets, and commission fees are pretty down-to-earth.
After a thorough analysis of the pros and cons, both professionals and beginners will be comfortable working with this crypto exchange.

2 3 4 >

Expert Review of Huobi Global

Huobi Global is a popular worldwide cryptocurrency exchange, which can be safely called universal since the minimum deposit of $100 is reasonable, even for novice traders, but demo accounts are not available to exchange clients.

Among cryptocurrency exchanges, Huobi Global is distinguished by 300+ trading instruments. Trading is carried out in several formats. It is possible to trade on the web platform that is built into the user's account, as well as trade from mobile devices using the Huobi Global application. The company also periodically runs promotions that include financial rewards to participants.

The Huobi Global website contains basic information about the exchange's activities, while the website’s interface is fully adapted for English-speaking users. It is worth noting that the exchange does not provide details on its license, if any. Also, it has no section that contains training materials.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of this Crypto Exchange

9.2

Overall rating

8.9

/10

Execution of orders

9.5

/10

Investment instruments

9.3

/10

Withdrawal speed

9.1

/10

Customer Support work

8.8

/10

Variety of instruments

9.6

/10

Trading platform

Dynamics of the Popularity of Huobi Global
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

Investment Programs, Available Markets, and Products of the Crypto Exchange

Huobi’s Global Cryptocurrency Exchange aims to provide services for productive work. The company does not provide investors with the necessary programs to generate passive income (e.g., PAMM accounts, etc.). However, the exchange still allows users to make a profit from its affiliate referral program.

Important!

If you are a large investor and plan on investments over $10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

Huobi Global’s affiliate program:

  • Huobi Global Referral Program. Any client of the company can join the program. The partner's task is to attract new users using an individual referral link. The partner receives a financial reward in the form of a 15% commission from all trading done by the attracted referral. The bonus is credited within 12 months.

The more clients a partner attracts the higher his commission. Thus, the user can make money with the exchange, even without being an active trader.

Rebate and Discount Programs of the Traders Union for Huobi Global

Traders cooperating with the Traders Union have the opportunity to reduce trading expenses. To do this, just create an account on the Traders Union website (the procedure takes 10 minutes), then follow the referral link to the Huobi Global website and open an account. As you trade, a rebate will be credited to your Traders Union personal account based on a partial return of the spread for all completed transactions, including unprofitable ones.

Try it!  Try it!

Trading Conditions for Huobi Global Users

The trading conditions provided by Huobi Global exchange are competitive. So, the minimum deposit is $100 — or 0.001 BTC, when replenishing in any of the currencies on the site. The size of the deposit is automatically converted. More than 140 assets are available on the exchange, which contains more than 300 currency pairs. The exchange does not provide information on the size of its spreads, leverage, margin calls, and stop / out levels, or the minimum order sizes.

$100

Minimum
deposit

24/7

Support

Web platform Mobile application for Android and iOS
💻 Trading platform: Web platform, mobile app for iOS and Android
📊 Accounts: Standard
💰 Account currency: Account replenishment is possible in all currencies and cryptocurrencies provided by the exchange
💵 Replenishment/Withdrawal: Cryptocurrency wallet
🚀 Minimum deposit: 100 USDT / 0,001 BTC
⚖️ Leverage: No
💼 PAMM-accounts: No
📈️ Min Order: No
💱 Spread: No
🔧 Instruments: Cross rates, currency pairs
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Market
⭐ Trading features: OTC trading
🎁 Contests and bonuses: Yes

Huobi Global Commissions & Fees

Information

Traders Union specialists checked the Huobi Global cryptocurrency exchange for the presence of explicit and hidden fees. No hidden fees were found, and the trading fee for opening orders is 0.2%. The exchange does not charge users a trading fee for deposits or withdrawals, but be careful because commissions are often set by payment systems (Visa, PayPal, etc.)

Account type Spread (minimum value) Withdrawal commission
Standart $18 Absent

There is no information on the commission for transferring a position to the next day on the exchange website (swaps). Trading fees at Huobi Global have been analyzed and compared to other popular trading exchanges. Based on the data obtained, the commission level of the exchanges was determined as low, medium, or high.

Broker Average commission Level
Huobi Global $18 Medium
Binance $6 Low
ByBit $20 High
Huobi Global
$18
Binance
$6
ByBit
$20
Conclusion

Huobi Global cryptocurrency exchange sets average trading fees compared to its competitors. The exchange does not charge a commission for depositing or withdrawing funds.

Contacts

Official site

Tags:

Huobi Global Huobi huobi Huobi.com Huobi com

The Oldest Reviews of this Crypto Exchange

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Huobi Global published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Frankly speaking, Huobi Global is the first cryptocurrency exchange I've ever worked with. Prior to that, I was trading purely on Forex, so it is a mammoth task to compare this one with other crypto platforms. Overall, the impression of Huobi Global is positive. Some opponents emphasize that the company does not yet have a license. Is it a big deal? Yes, I have to work on trust, but Huobi Global did not let me down over the course of 4 years of cooperation. It provides comfortable trading conditions and allows you to withdraw profit as quick as a flash.

Lads, I have been working with Huobi Global since its inception and first came here purely out of curiosity. At that time, not many people traded in crypto assets. I was extremely lucky to get in touch with such amazing customer service staff. The technical support specialists turned out to be seasoned professionals that competently explained all the intricacies. Compared with other cryptocurrency platforms, exchange costs are run-of-the-mill here, yet you do not need to pay a fee for deposits or withdrawals. From personal experience, I will say that you can earn a pretty penny with Huobi Global.

I wanted to cooperate with Huobi Global, but the site somehow did not take care of the newcomers at all. There is no demo nor training. Luckily, at least the entry threshold is only $100.
I've been choosey for a couple of months, even though my colleague has been trading on this crypto exchange for over a year. I haven't heard any negative reviews from him. He says that the execution of orders is as quick as thought. This is not surprising; just look at the trading volume of Huobi Global. The same goes with the withdrawals. There is a shortage of payment methods, but, in principle, it is bearable to trade here.

I was afraid that Huobi Global might cheat from the start. Still, the company is not licensed; therefore, you must rely on its honesty. It turned out that the Huobi Global crypto exchange is aimed at long-term cooperation with its traders and wasn’t interested in defrauding them. I have been using this platform for two years now and there are no complaints about the execution of transactions.
Yet, somehow, I could not contact support. First, it’s a time-consuming process to wait for answers to questions. I tried to get an answer from them but only became disappointed. Second, the options for contacting technical support are very limited. I would like the company to pay attention to this.

I worked with this cryptocurrency platform for several years, then left. I found tons of new exchanges and wanted to select the best option for me. However, after a biennial search for the right exchange, I decided to return to Huobi Global. There are some minor drawbacks: it is a far cry away from the lowest fees on the market, and there is no training for beginners, etc. Although, if you think rationally, there is a beneficial platform. The most important thing is that the exchange helps you to earn some cash and honestly fulfils all of its agreements.

I have not yet traded on the Huobi Global exchange; I’m only testing the market. Some people try to creep me out with the very challenging verification, but I talked to the support and it seems like there is nothing superfluous. In general, the company's employees try to find an individual approach to everyone and promise to cope with all emerging issues. I admired the service level and hope that trading on this platform will be smooth sailing for me. It is a pity that there are no opportunities for passive earnings, except for the referral program.

Huobi Global sets up suitable conditions for traders. I have been cooperating with the exchange for several months and so far, I’m a happy camper. There is no opportunity to trade in large amounts because I started recently and have not sufficient funds to play big. You can start trading with $100 in your pocket and that’s a major plus.
The cryptocurrency exchange is loyal to newcomers. I want to join the referral program to receive passive income from Huobi Global. The affiliate program is the only way to do this.

Author of this Review

Huobi Global broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Huobi Global rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Huobi Global you need to go to the broker's profile.

How to leave a review about Huobi Global on the Traders Union website?

To leave a review about Huobi Global, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Huobi Global on a non-Traders Union client?

Anyone can leave feedback about Huobi Global on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Huobi Global through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.

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