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- 1. How & where to buy Huobi Token (HT) online
- 2. How to buy Huobi Token instantly in 3 simple steps
- 3. Where to buy HT easily
- 4. Best exchanges to buy Huobi Token (HT), reviewed
- 5. How to trade HT
- 6. What is the best way to pay for Huobi Token (HT)?
- 7. How do I store Huobi Token (HT)?
- 8. Is Huobi Token (HT) a good investment?
- 9. Is now a good time to buy Huobi Token?
- 10. FAQs
How & where to buy Huobi Token (HT) online
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Huobi Tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Huobi Token this way. Follow our quick step guide below.
How to buy Huobi Token instantly in 3 simple steps
To buy Huobi Token you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to Coingate
Coingate is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
Step 2. Make a deposit
Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.
Step 3. Buy Huobi Token token
Type HT into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Huobi Token tokens! It’s as simple as that.
Where to buy HT easily
The overall best exchange to buy Huobi Token token for beginners is Coingate . Huobi Token is also available on lots of other cryptocurrency exchanges.
Here are the top three places to buy Huobi Token, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Huobi Token (HT), reviewed
1. KuCoin. Best social trading altcoin exchange
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Minimum deposit
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Pros & Cons
Overview
We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.
KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
How to trade HT
You can trade Huobi Token on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how HT crypto trading works:
- Monitor the price: Let’s say the price of HT/USDT is $1. You read the price charts and decide that now is a good time to start purchasing HT.
- Open a trade: You trade one USDT for one HT ($1 for 1 HT).
- Continue to monitor the price: The next day, one HT token is now worth $2, a 100% increase.
- Close your trade: You trade your HT token back to USDT for $2.
In this example, you buy and sell Huobi Token, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
What is the best way to pay for Huobi Token (HT)?
The simplest way to buy Huobi Token cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for HT.
- Buy Huobi Token with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Huobi Token with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy Huobi Token with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Huobi Token (HT)?
Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Huobi Token then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Huobi Token wallets to use are MetaMask and the Ledger Nano S.
Is Huobi Token (HT) a good investment?
Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Huobi Token and its token to help you decide whether to invest in HT.
- Offers discounts on trading fees. Holders of Huobi Token can receive discounts on trading fees. The more coins you own, the more of a discount you get on trading fees.
- Voting rights for new coin additions. Huobi Token holders have a say in which new coins are added to the platform through voting rights. Similar to trading fees discounts, the more tokens you own, the more say you get over which new coins are added to the platform
- It can be used for premium services and airdrops. Huobi Token can be used to pay for premium services and receive airdrops of new coins. This makes holding HT tokens beneficial, especially to investors or traders wanting new tokens.
- Linked to the performance of the exchange. The token’s success is closely tied to the performance of the Huobi Global exchange. This means that the value of each token will rise and fall in line with the exchange’s success. If the Huobi Global exchange gains popularity, its token value will likely increase.
- Direct response to the success of Binance coin. Huobi Token is a response to the success of Binance coin and serves as a utility token for the Huobi Global exchange.
- Competition in the cryptocurrency space. The cryptocurrency space is becoming increasingly competitive, with many platforms vying for customers, including established and decentralised exchanges. This means that users have a choice, which could be a negative for the HT token if other platforms are more popular.
Use this quick summary of pros and cons to compare Huobi Token with other, similar projects.
Pros
- Huobi Token gives you better rates and greater influence on the Huobi Global exchange
- The token’s price is likely to rise as the exchange becomes more popular
- Similar coins, like the Binance coin, have performed very well
Cons
Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Huobi Token (HT) performed this year?
The current Huobi Token price today is $5.11, which is 87.37% below its all time high of $39.91, which it reached on 13 May, 2021. HT is up 0.95% this year, with a 52 week high of $10.19] and a 52 week low of $3.84.
Is now a good time to buy Huobi Token?
The answer depends on the current price and your own investment goals. Put simply, buying Huobi Token, selling Huobi Token, and trading HT are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Huobi Token.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Huobi Token and its decentralised aggregator platform, then a good time to purchase Huobi Token is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Huobi Token and selling it the next day probably isn’t why you’re here either.
Regardless, closely following HT price news & analysis will help you decide when to pull the trigger:
Latest Huobi news
Justin Sun says Huobi could get Hong Kong license in 6 months
Huobi confirms 20% lay-offs as Justin Sun downplays latest FUD
Should I buy Huobi Token amid plans to close user accounts in Singapore?
HT Price Movement: How will China’s ban of crypto impact the HT token?
Should you invest in HT after Huobi Wallet launched Cloud Wallet?
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