Huobi is a cryptocurrency exchange headquartered in Singapore. The exchange supports ICO tokens as well as cryptocurrencies and believes that the future development of the Blockchain economy will lead to new categories of digital assets appearing.
Huobi Pro has also launched its own cryptocurrency token, the HT, which runs on the Ethereum blockchain. However, the token wasn’t released through an ICO but has been given away as a loyalty scheme for account holders and can be used to pay for service-fee packages on the exchange or to vote for new tokens to be added to the alternative HADAX platform. $300 million worth of HT was also sold in the 14 days following its launch.
The exchange even has its own Blockchain incubator ‘Huobi Labs’ that invests in Pre-ICO Blockchain start-ups.
Because deposits and withdrawals in and out of Huobi Pro accounts are made in cryptocurrencies, it used to support Fiat Yuan and USD withdrawals and deposits before the Chinese government crackdown, there are no fees attached. Trading fees are very reasonable and charged at a flat 0.2% taker and maker. This drops to as low as 0.1% on a sliding scale depending on trading volumes. Overall, Huobi Pro’s fee structure can be considered very good value.
As would be expected of an exchange as large and well-developed as Huobi Pro, cybersecurity measures in place to protect the exchange and its traders are significant. The exchange itself is built on an advanced distributed system architecture and 98% of assets are held in multi-signature cold storage wallets, which means they are not accessible online.
Huobi Pro offers support in English and Mandarin and customer service agents can be reached via telephone, to one of its several country offices, as well as by email ticket and online chat. The exchange also maintains several social networks and messaging app communities that inquiries can also be made through. Typical response time to email tickets is said to be between 2 and 3 hours and the company’s customer service agents are reputed to be both polite and helpful.
Huobi Pro is clearly an exchange with big ambitions, signified by its current aggressive international expansion strategy. The exchange itself has few rivals in the cryptocurrency market as a trading platform and the breadth of variety in cryptocurrency coins and tokens supported is a real strength. The alternative HADAX market will also win over many fans and was a clever move by Huobi.
Protecting Your Cryptocurrency And Staying Safe on Huobi
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