Home » Invest » Invest in Cryptocurrency » Buy Huobi Token

How to buy Huobi Token online in the UK

Huobi’s ‘Global Ecological Token’ is an Ethereum-based token that can be used within the Huobi Group’s ecosystem, but does it represent a good investment? We explore the Huobi Global Exchange’s token below.

Compare where to buy Huobi Token, and open an account

Read on to find out about Huobi Token and how it works or jump ahead to our step-by-step buyers guide if you’re ready to buy Huobi Token.

eToro
Key Features
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options available
Min Deposit
£150
United Kingdom
Start Trading View key features
Key Features
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options available
Top Coins
  • ADA
  • BTC
  • XLM
  • XRP
  • LTC
Payment Methods
Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, Neteller, Yandex, WebMoney, MoneyGram
eToro is a multi-asset investment platform where you can invest in stocks, ETF’s, indices, commodities and cryptos. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
eToro is a multi-asset platform which offers CFD and non CFD products. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
ForexTB
Key Features
0% trading fees on all cryptocurrencies
Major cryptocurrency coins available including BTC, LTC, ETH
CySec regulated broker
Min Deposit
£250
United Kingdom
Start Trading View key features
Key Features
0% trading fees on all cryptocurrencies
Major cryptocurrency coins available including BTC, LTC, ETH
CySec regulated broker
Top Coins
  • BTC
  • ETH
  • LTC
  • XRP
Payment Methods
Debit Card, Credit Card, Wallet One, Wire Transfer
ForexTB offers over 270 desirable financial assets to choose from. At ForexTB, you can dive into global markets, and trade CFDs on Forex assets, such as EUR/USD, GBP/USD, or trade CFDs on Commodities such as gold, silver and crude oil.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Capital.com
Key Features
73 Different Cryptocurrency Pairs
Highest Liquidity with up to 1:2 leverage
Simple & Intuitive Platform
Min Deposit
£20
United Kingdom
Start Trading View key features
Key Features
73 Different Cryptocurrency Pairs
Highest Liquidity with up to 1:2 leverage
Simple & Intuitive Platform
Top Coins
  • XRP
  • TRX
  • BTG
  • BTC
  • QTUM
Payment Methods
Credit Card, Debit Card, Wire Transfer, Neteller, Skrill, Visa, Mastercard, Trustly
Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.
72.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
LonghornFX
Key Features
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed.
Trade a Wide Variety of Assets with Leverage up to 1:500
Min Deposit
£10
United Kingdom
Start Trading View key features
Key Features
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed.
Trade a Wide Variety of Assets with Leverage up to 1:500
Top Coins
  • BTC
  • BCH
  • ETC
  • ETH
  • NEO
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
Pepperstone
Key Features
ASIC and FCA regulated broker
Trade the hottest cryptocurrencies
No commission fees
Min Deposit
£150
United Kingdom
Start Trading View key features
Key Features
ASIC and FCA regulated broker
Trade the hottest cryptocurrencies
No commission fees
Top Coins
  • BTC
  • BCH
  • ETH
  • DASH
  • LTC
Payment Methods
Visa, Mastercard, PayPal, POLi & BPay, China UnionPay, Wire Transfer, Skrill, Fastapay
Pepperstone was founded in 2010 in Melbourne, Australia by a team of experienced traders with a shared commitment to improve the world of online trading. Frustrated by delayed executions, expensive prices and poor customer support, they set out to provide traders around the world with superior technology, low-cost spreads and a genuine commitment to helping them master the trade. Their mission is to create a world of tech-enabled trading where ambitious traders can embrace the challenge and opportunity of global markets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What is Huobi Token?

If you’re at all familiar with the crypto landscape, there’s a good chance you’re already aware of the Huobi Global Exchange. Long-established as one of the leading players in the crypto trading space, Huobi’s standing in the crypto community puts its native token in a strong position.

Needless to say, the Huobi Token (HT) is closely linked to the Huobi exchange and, beyond that, the wider Huobi ecosystem. Using the eponymous token on the Huobi exchange grants a number of benefits. For one thing, Huobi Tokens entitle holders to discounted trading fees on the exchange.

How does Huobi Token work?

Launched in 2018, the Huobi Token is essentially an exchange token for use on the Huobi network, much like the Binance Coin. Use of the token is incentivised – it grants holders VIP access, discounts, liquidity buybacks and voting rights. 

Since early 2018, when the token was launched , Huobi has purchased and burned tokens on a quarterly basis in an effort to stabilise the currency and curb inflation.

How to buy Huobi Token online – step-by-step guide

Step 1. Get a suitable wallet

Before you go and Buy Huobi Token, we recommend storing your HT coins on a wallet to ensure they’re safe. Because it’s an Ether-based ERC-20 token, you’ll find plenty of HT compatible wallets to choose from. Here are a couple of our favourites:

  • Ledger Nano X: One of the safest options for storing your HT tokens is the Nano X hardware wallet from Ledger. It’s not the cheapest wallet out there, but if you’re serious about security, it’s one of the best. 
  • Coinomi Wallet: If you want an HT compatible wallet that will work on your phone, look no further than the Coinomi Wallet. This multi-coin wallet supports iOS, Andriod phones and there’s also a Mac/Windows/Linux desktop client. 

Step 2. Find a Huobi Token exchange

Unsurprisingly, the best place to buy Huobi Tokens is the Huobi Global Exchange. In fact, most other major exchanges don’t offer it. Huobi Global Exchange allows you to trade the token against Bitcoin (BTC), Ether (ETH) and Tether (USDT), so you’ll need to acquire one of these currencies first.

Step 3. Withdraw your Huobi Tokens

It’s a good idea to withdraw your HT funds from the exchange as soon as you buy Huobi Token – it’s much safer to keep cryptocurrencies in a digital wallet than on an exchange.

How to trade Huobi Token – step-by-step guide

If you’re only interested in trading rather than buying Huobi Token, you don’t really need to set up a wallet – you’ll simply be predicting whether the price of HT will go up or down. 

Step 1. Find a broker 

At the time of writing, opportunities to trade Huobi Token were few and far between, but this may change so it’s worth taking a look at the top trading brokers. We tend to go for more established brokers such as Plus500 or eToro as they’ve been around for a while and are relatively easy to get to grips with. 

Step 2. Deposit money

Once you’ve chosen a broker, you’ll need to put some cash down as a deposit. The process is fairly straightforward and minimum deposit requirements are usually pretty low, so you can start with a relatively small bankroll.

Step 3. Decide how you’d like to trade

There are two main ways to trade cryptocurrencies: spread betting or CFDs (contracts for difference). While there are some differences, both methods require you to take a position on whether you think the price of your chosen cryptocurrency will rise or fall over a set period of time. If you’re just starting out, it might be worth doing some research on spreads and CFDs before you jump in. 

Step 4. Start trading 

Once you’ve put down a deposit, you’ll no doubt be raring to go, but we recommend you set up a demo account with your broker before you start trading for real. It’s easy to win and lose money very quickly when trading, so it makes sense to get a feel for the platform you’ve chosen as well as the ebb and flow of the cryptocurrency market.

In essence, all you need to do is take a position on whether the price of your cryptocurrency will increase or decrease. If you think it will increase take a long position (buy) and if you think it will decrease, take a short position (sell).

You may opt to take advantage of leveraged betting, which is a feature of most trading platforms. Leverage enables you to put down a fraction of your trade’s total value as a type of deposit called a ‘margin’. However, this is a high-risk strategy, so it’s probably not for beginners. Experienced traders understand this and use stop loss orders to mitigate risk. 

Still undecided?

Pros
  • Plenty of holder benefits on the Huobi network
  • Liquidity buyback should help to maintain HT’s value
Cons
  • HT’s potential is very much tied to the ongoing success of the Huobi exchange
  • As an exchange token, HT risks being reclassified as a security
By Harry Atkins
Harry joined us in 2019 to lead our Editorial Team. Drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the finance sector encompasses work for high street and investment banks, insurance companies and trading platforms.
Invezz uses cookies to provide you with a great user experience. By using Invezz, you accept our privacy policy.