What is Huobi Pro exchange? How to register an account and trade on Huobi Pro – CHK

What is Huobi?

Huobi Global is the world’s leading crypto financial service aggregator. In 2013, the founding team foresaw the potential to revolutionize the global financial system of Blockchain technology. Very quickly, they founded Huobi.com with a mission to help the financial industry operate more efficiently, creating opportunities for everyone to access Blockchain technology, electronic money. The Huobi team focuses on providing services to international users in a safe, professional and reliable manner, with a customer-centric guideline.

Huobi Global is headquartered in Singapore, United States, Japan, Korea, Hong Kong and is present in more than 130 countries worldwide.

Huobi Global products form a fully supportive ecosystem for traders and ICO projects and blockchain startups, including:

• Huobi Pro exchange
• Autonomous Exchange HADAX
• OTC exchange buys and sells between coins and Huobi OTC fiat currency
• Huobi Wallet digital account management wallet
• Electronic money news site Huobi.cn

What is Huobi Pro exchange?

Huobi Pro is an international cryptocurrency exchange affiliated to Huobi Global. As well as exchanges like Binance, Kucoin, Huobi Pro allows trading and trading between Bitcoin, USDT and dozens of other altcoins. Currently Huobi Pro is serving traders from more than 130 different countries.

The advantages of Huobi Pro floor

Supports multiple altcoins and tokens: Huobi currently lists over 100 different coins, including altcoins from potential ICO projects that other exchanges have yet to support. For example, Huobi is the first top 10 exchange to support the listing of ZIL coins of the Zilliqa project.

There are coin on Huobi Token exchange: Just like Binance Coin BNB and Kucoin Share KCS, Huobi Token (HT token) is an attractive investment for traders. If you trade with Huobi Token, you will get a 50% discount on transaction fees.

Altcoin / USDT trading pairs: Huobi supports a wide variety of altcoin and USDT trading pairs. This helps traders reduce their dependence on Bitcoin when trading.

24/7 customer support: Huobi is the first exchange to offer 24/7 customer care.

Security against hackers and DDOS: Huobi builds a distributed architecture that helps prevent DDOS attacks and other threats. More than 98% of trader assets are stored in multi-signature cold wallets. Since its inception, Huobi has never been hit by an attack that affects users’ capital.

Diverse trading platforms: In addition to the website you can also trade Huobi Pro on iOS, Android, Windows and Mac platforms.

Margin Trading support: Huobi Pro allows you to trade margin – margin trading Bitcoin and other altcoins. With this method, you can enter orders to sell short when the market is going down and make a profit. Huobi Pro supports leverage up to 3 times.

Fees on Huobi Pro

• Deposit and withdrawal fees: Huobi does not charge deposit fees. Withdrawal fees are calculated depending on the coin you withdraw. Some of the fees for major coins:

BTC: 0.001
Bitcoin Cash: 0.0001
Ethereum: 0.01
Litecoin: 0.001
Ripple: 0.1
See the fee for specific coin withdrawal here

• Transaction fee: Currently Huobi applies a 0.2% transaction fee to all transactions. This fee is higher than that of Binance and Kucoin but still cheaper than other exchanges.

To get a discount on trading fees, you can buy Huobi Token and join the Huobi Pro VIP program.

• Margin Fee: USDT loan interest rate of Huobi Pro exchange per day is 0.1%. The interest rate for margin trading BCC, ETH, LTC, ETC, DASH, XRP, EOS, OMG, ZEC is 0.2%.

What is Huobi Token?

Huobi HT token is an ERC20 token, which will be used in the Huobi exchange, supporting a variety of purposes, including:

• Transaction fee reduction: Depending on different VIP levels, the discounts will be different.
• Liquidity guarantee: Each season, Huobi Pro will buy back a portion of HT tokens in the market. All redeemed HT will be stored in the Huobi User Protection Fund.
• Exclusive HT Events: HT holders will receive new coins launched on Huobi from time to time.
• Trade in pairs with USDT, BTC, ETH
• Holders of multiple HT tokens will have a role in deciding which tokens to go on sale. Note applies only to qualifying projects of Huobi Pro.

Instructions for registering an account on Huobi Pro

Signing up for a Huobi account is very simple, first click on the registration link here:

You have 2 forms: register with the phone (Sign up with phone) and register with email (Sign up with email). If registering with a phone, you need to enter the confirmation code sent to the phone. If you subscribe to email then click on the confirmation link sent to your mail.

Verify Huobi Pro account

Although Huobi Pro does not require you to verify your account, there will be certain limitations if you use an unverified account. Specifically, with the unverified account you can only withdraw up to a day the amount of coin is:

0.1 BTC
0.6 Bitcoin Cash
2.5 Ethereum
5 Litecoin
2500 Ripple

If you verify your account you can withdraw every day to:

200 BTC
200 Bitcoin Cash
2000 Ethereum
5000 Litecoin
4,000,000 Ripple

To verify, you need to have a photo Passport, then go to Verification to fill in the verification information. You may need to wait a few days for your account to be reviewed and upgraded.

Trade On Huobi Pro

Trade interface on Huobi Pro is quite simple including:

The left column includes Markets, which is a list of coin pairs that can be traded on Huobi. Announcements are announcements from the floor.
In the top middle is the Quotation Chart provided by TradingView.
Right below is the order area, the current order book, the order history you have placed.
Finally, the Coin Basics section, providing you with the most basic information about that coin such as the date of coin launch, number of circulation, maximum number, homepage …

Currently, Huobi Pro only offers 2 basic orders:

Limit Order: place to buy or sell coins at your specified price.
Market Order: place an order to buy or sell coin at current market price.

What is Huobi HADAX?

HADAX (Short for Huobi Autonomous Digital Asset Exchange – Huobi Automatic Digital Asset Exchange) is an autonomous Bitcoin and cryptocurrency exchange. The autonomous nature of HADAX potentially allows users and development teams to vote for future digital asset listings on the Huobi HADAX Exchange.

Is Huobi Pro a scam?

Huobi Pro has some allegations of Huobi faking Bitcoin trading volume, but this is what OKex and Binance exchanges are also doing. In addition, Huobi has yet to encounter any case of alleged trader fraud.

Huobi Pro offers exclusively for Vietnamese traders

From May 24 to May 30, when you deposit 105 USDT or its equivalent token value, you will receive a 50% discount on transaction fees for 1 month from 1 day after the deposit date Note: Offer is valid only for members who have verified on Huobi.

Above is the article on how to create an account and trade on Huobi Pro. Wishing you a successful transaction!