Huobi review

Huobi is a Seychelles based crypto exchange offering spot crypto, crypto futures, options as well as staking and lending at low fees
By: Theodor Tonca
Theodor Tonca
Theodor is a Financial Writer for Invezz, reviewing, testing and scrutinizing financial products. He is a former financial analyst and investment… read more.
Updated: Sep 26, 2022
4.5/5 Star rating
14 min read
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Huobi offers a complex trading platform resplendent with features that may be overwhelming to beginners but that will be familiar to most professionals. 

The exchange offers 1,000 crypto pairs, leveraged trading in crypto futures and options on Bitcoin and ETH. It is accessible across desktop, web and a mobile app, making trading on the go very convenient and easy. This review explains everything you need to know about Huobi. 

Pros & Cons

Pros:

Excellent Liquidity
1,000 Crypto pairs
Crypto derivatives with leverage
Over 98 accepted payment methods
API for automation

Cons:

What is Huobi?

Huobi is a Seychelles-based Cryptocurrency exchange founded in 2013 in China. Its stock is publicly listed in Hong Kong and its features include spot crypto, crypto derivatives, staking, and lending.
The exchange’s trading volume has quickly grown to make it one of the largest cryptocurrency exchanges in the world, especially when it comes to Bitcoin and ETH. 

Additionally it also offers leverage for spot crypto as well as cryptocurrency futures and options. Its fees are low as compared to the industry and it does not have any hidden charges.


An API stack also allows experienced and professional traders to automate their trading strategies and leave the execution to the algos.

How does Huobi work?

Huobi’s digital asset trading platform facilitates buying and selling spot cryptocurrency, crypto futures and options. There is also crypto staking and lending via an OTC platform.

Payment can be made via any of the 98 methods listed, or you can pay with crypto coins.

Buying and selling is straightforward and take place in just a few clicks.

Huobi cryptocurrencies and trading options

What cryptocurrencies can you trade on Huobi?

Huobi offers excellent liquidity in over 621 cryptocurrencies, adding new currencies regularly. 

Its top coins include Bitcoin, Ether, Tether, Shiba Inu, and Litecoin.

  • Ethereum
  • Tether USD
  • Bitcoin
  • Ethereum Classic
  • Ripple
  • BitTorrent-New
  • USD Coin
  • Terra Classic
  • Electro-Optical System (EOS)
  • Tronix

All Huobi trading options

Huobi’s offerings include spot cryptocurrencies, cryptocurrency futures and options along with other crypto 2.0 products like staking and lending.

ProductOffering
Cryptocurrencies621
Crypto pairs1,000
Crypto futures100
Crypto Options2
Staking14
More Huobi products >

Can I trade with leverage on Huobi?

Huobi offers leveraged trading on its futures product and some leverage on its spot cryptocurrency. 

Leverage trading options in spot cryptocurrencies is rare in the industry, making Huobi a unique exchange in this respect. Keep in mind that leveraged trading carries extra risk and should be treated with caution by beginners.

ProductMaximum leverageMargin
Individual cryptocurrencies1:333%
Crypto futures1:205%
Leverage options with Huobi >

What are the spreads?

Huobi is a cryptocurrency exchange offering coins, coin derivatives and crypto 2.0 products. It does not determine spreads and does not make any money from spreads.

Fees, limits, and payment options on Huobi

What are the deposit and withdrawal fees, limits, and speeds?

Huobi offers over 98 local payment methods, including Visa & MasterCard, Apple Pay, Google Pay, Neteller, cash deposits and bank transfers. 

Deposits are free, but withdrawals carry charges depending on the payment method.

Furthermore, withdrawal fees are not fixed and depend on market conditions. One can know their withdrawal fees when they login to their Huobi account, click on balances and select withdraw.

While the number of payment methods offered is extensive, the mystery surrounding time and fees makes it less than ideal compared to many of its competitors with its fixed fee structure and clarity on withdrawal timelines.

ProductDepositWithdraw
Visa/MasterCard
– min/max
– fees
– speed
Yes
Variable
Free
Instant
Yes
Variable
Variable
Variable
Apple Pay/ Google Pay
– min/max
– fees
– speed
Yes
Variable
Free
Instant
Yes
Variable
Variable
Variable
Cash App
– min/max
– fees
– speed
Yes
Variable
Free
Instant
Yes
Variable
Variable
Variable
Western Union
– min/max
– fees
– speed
Yes
Variable
Free
Variable
Yes
Variable
Variable
Variable
SEPA (EU) bank transfer
– min/max
– fees
– speed
Yes
Variable
Free
Variable
Yes
Variable
Variable
Variable
Bitcoin
– min/max
– fees
– speed
Yes
Variable
Free
Instant
Yes
100 BTC per day
Blockchain fees
Variable
Ethereum
– min/max
– fees
– speed
Yes
Variable
Free
Instant
Yes
2000 ETH per day
Blockchain fees
Variable
Tether USD
– min/max
– fees
– speed
Yes
Variable
Free
Instant
Yes
4,000,000 USDT per day
Blockchain fees
Variable
More Huobi payment information >

How much are Huobi’s fees and commissions?

Huobi charges a fixed fee of 0.2% as a base fee, which varies depending on your trading volume and the amount of Huobi Token (HT) you hold in your account. 

The more tokens held, the lesser the fees. In addition to the aforementioned fee structure classified as General Tiered Fee structure, Huobi also offers a professional trader tiered fee structure with varying rates of maker and taker fees depending on volume traded and amount of HT held. 

No inactivity or other fees are charged for trading.

The base fee rate is on the higher side as compared to other exchanges, but by holding HT tokens, one can bring the rates back down to competitive levels.

Fee typeFee amountCommission
Trading Fees (General)0.2%Rates vary from 0.18% – 0.07% with HT tokens
Trading Fees (Professional)0.0362% Maker, 0.0462% TakerRates go as low as 0.0097% maker, 0.0193% taker
InactivityNo FeeNo Fee
Huobi fees >

Huobi trade sizes and limits

Huobi’s minimum trade size restrictions depend on the crypto or fiat in question. 

This limit is applicable to spot trading only. For crypto futures and options, the minimum trade size is 1 contract. The minimum trade size is quite small and compares well against other crypto exchanges. 

There is no maximum trade size or limit.

ProductMinimum tradeMaximum trade
Cryptocurrencies10 EUR / 1 USDTNo limit
Crypto futures1 contractNo limit
Trade size information >

Huobi trading platform

What devices can I use Huobi on?

Huobi is accessible as a desktop platform for Windows and Mac and a mobile app for iOS and Android. 

Additionally, it has its own API stack allowing one to build and run algos on the exchange. This is a unique feature and not commonly seen among crypto exchanges.

  • Desktop Platform (Windows/Mac)
  • Web Platform
  • Mobile App (iOS/Android)
  • API (Windows/Linux)

Can I use Huobi in my country?

Huobi is based out of Seychelles and as such, it is unregulated. This has caused access to the platform to be restricted in several countries like Mainland China, USA, Canada, and Japan. 

It is, however available in over 130 countries across the world, including the following:

  • The United Kingdom 
  • France 
  • Germany 
  • Spain 
  • India
  • Australia

Is Huobi available in my language?

Huobi is available in 8 languages, with more being added regularly. 

As an example of this, Huobi recently introduced the Turkic language. The main languages it is available in are as follows:

  • English
  • Chinese
  • French
  • German
  • Spanish
  • Russian
  • Dutch
  • Turkish

How easy is it to use Huobi?

Huobi functionality leans on the complex side and as such, can be difficult to navigate for a beginner. 

The sheer number of features it offers and the amount of data it presents on the screen can be overwhelming to someone new to trading.

To its credit, Huobi does have separate exchanges for spot trading, crypto futures and crypto options so that one can run all three simultaneously. The API feature allows for experienced traders to program algos that will execute trades allowing for access to multiple markets simultaneously with ease.

The app is available across mobile devices, tablets, and desktops as well as a web platform, thus ensuring you can access it anywhere and at any time.

Key features

Huobi is a cryptocurrency exchange offering spot crypto trading, crypto futures, options as well as crypto 2.0 features like staking and lending. 

It comes with separate exchanges for each trading product and the platform is loaded with its charting functionality and view charts plus technical analysis tools.

Excellent Liquidity and Wide Range of Cryptocurrencies

Huobi has one of the highest crypto trading volumes among any exchange, especially in Bitcoin and Ethereum. It offers 621 coins and more than 1,000 crypto pairs.

Crypto Derivatives

Huobi is one of the few crypto exchanges offering a wide range of crypto futures. It also offers options on Bitcoin and ETH, which is not all that common. 

Additionally, it offers leverage of 1:20 to trade crypto futures, which again is high compared to the industry average.

API

Huobi comes with its own well-documented API stack allowing traders and investors to build and run algos, completely automating their trading.

Security and regulation

Is Huobi safe?

Huobi has a professional distributed architecture with an anti-DDOS system. They store 98% of coins in a multi-signed cold storage wallet, thus protecting user crypto from hacks and theft.

Am I and my cryptocurrency protected?

Huobi implements a crypto freeze mechanism to eliminate counterparty risk. It has also launched an investor protection fund in 2018 where it adds Huobi Tokens (HT) every quarter, up to 20% of its quarterly revenue. 

Additionally, they have launched a Security Reserve Mechanism with an amount of 20,000 BTCs to compensate users in case of an extreme security event.

Is Huobi regulated?

No, Huobi is based out of Seychelles and is not regulated.

Do I have to verify my account with Huobi?

While Huobi is not regulated, it does attempt to comply with the laws and regulations of the countries it caters to. 

Thus it complies with Know Your Customer (KYC) and Anti-Money Laundering legislations.

One would require verifying their account with Huobi by submitting proof of identity and residence like a driver’s license, passport or any other government-issued identity document.

Extra information

Educational resources 

Huobi has a website entirely dedicated to educational resources with resources graded into beginner and intermediate levels. 

Educational resources for advanced-level traders is planned but is not live as yet. The resources available cover the basics of crypto and how to navigate Huobi’s not-so-simple trading platform and cryptocurrency markets.

Tools and charting

Huobi offers its traditional charting tools and Trading View tools. Charts are offered across multiple time frames and come with basic technical analysis tools, but professional traders looking for more sophisticated tools will be left disappointed.

Customer support

Huobi has a chatbot on the bottom right corner of their website with a list of pre-resolved queries. 

One can ask for additional support via the chat feature if your query has not already been answered. There is no other way to access Huobi support at this time.

Our verdict

Huobi is a cryptocurrency exchange and trading platform founded in China and based out of Seychelles. 

It offers access to more than 1,000 crypto pairs, crypto futures and options, staking and lending, while also providing leverage for both spot and futures trading.

Separate exchange platforms are provided for spot, futures, and options. Each is rich with its in-house charting functionality and technical analysis tools as well as trading view accessibility. The fees charged are competitive and reduce further as you accumulate the platform’s proprietary Huobi Tokens (HT). 

The professional tier fee structure further reduces the fees as you scale up your trading volume.

The exchange is mostly secure employing cold storage facilities and distributed architecture. However, it is not regulated and while steps have been taken for investor protection, the protection itself is in the form of crypto and hence not reliable. 

Overall, Huobi is quite complex to use and can be overwhelming for those new to cryptocurrencies. It is a good exchange to use, but we would recommend erring on the side of caution and not storing coins on the exchange, but instead withdrawing them to your own cold wallet from time to time.

How to buy crypto on Huobi

Huobi has an easy to use platform and buying cryptocurreny isn’t a complicated task. Use the steps in the guide below to learn how to buy crypto on Huobi.

  1. Login to account
  2. Click on the currency you wish to transact with and in that list click on the coin you wish to buy. For example, if you wish to buy Bitcoin using Tether. Then click on USDT and then in that list select Bitcoin.
  3. Enter Limit price if limit order or click on Market. Enter quantity. Click on buy.

Methodology: How we reviewed Huobi

When we review a platform we perform a series of tasks to judge how well the service performs compared to its peers. The tasks always include signing up to create an account, making a deposit and withdrawal, and placing a trade.

In addition, we assess the key features of the service. In this case, we included things like the trade assist feature in our final calculations. We also take into account online user reviews and use them to inform or final rating.

Each platform is giving a rating out of five stars based on all of this research. No company can influence the results in any way but we may receive a commission if you sign up via a link on this page.

FAQ’s

Who owns Huobi?
How does Huobi make money?
Do I have to pay tax on Huobi profits?
Is Huobi anonymous?
Does Huobi have an integrated wallet?
How do I withdraw from Huobi?
Has Huobi ever been hacked?

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Theodor Tonca
Financial Writer
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly… read more.