Huobi is a widely used crypto exchange. It prides itself not just as a crypto exchange but as a ‘digital asset exchange’. It supports ICO tokens and cryptocurrencies. It recently rebranded and changed its name to HTX.
Best Features of Huobi
User-Friendly Interface
Huobi’s official website is user-friendly. It has numerous functionality features and with visual appeal and elegance. It features comprehensive price feeds, charting tools, and market depth data, all neatly organized within the trading interface.
Fees
Huobi does not charge fees for deposits and withdrawals. Trading fees are flat at 0.2% for both takers and makers, with potential reductions to as low as 0.1% depending on trading volumes. Overall, Huobi Pro’s fee structure offers excellent value.
Customer Support
Huobi provides customer support in both English and Mandarin. Users can access customer service agents by telephone through its various country offices, email tickets, and online chat. The exchange is active on several social networks and messaging apps. Response times for email tickets typically range between 2 to 3 hours. Generally, Huobi’s customer service agents are known for their politeness and helpfulness.
Security
HTX uses extensive safety protocols, including a decentralized exchange structure, to mitigate DDoS attacks. It also maintains a user protection fund to cover accounts affected by hacks, which is a significant benefit for account holders. Some of Huobi’s extra security features include Two-factor authentication, SMS notifications, and Email notifications.
User Protection Fund
Just like Binance’s insurance policy called SAFU, Huobi allocates its profits into a ‘User Protection Fund.’ This fund acts as an insurance policy against theft, hacks, or other unforeseen events affecting users’ wallets. This provides a significant advantage for customers. Users know that there is the possibility of fund recovery if issues arise while trading on the exchange. User Protection Fund helps mitigate the effects.
Final Words
Huobi ranks as one of the most used crypto exchanges in the crypto world. It is common among advanced crypto traders in countries including Saudi Arabia. Some of the features that make it well-used include customer support, user protection fund, etc.
Frequently Asked Questions
Is HTX Safe?
Yes, HTX is a safe crypto exchange platform. It has never reported a hack. It prioritizes security by storing 90% of users’ assets in cold storage wallets.
Where is the Headquarters of Huobi?
Seychelles is home to Huobi’s headquarters.
Can I use Huobi in UAE?
Yes, you can use Huobi in the UAE.
Which Crypto Exchanges are best in the UAE?
Some of the best crypto exchanges to use in the UAE include Binance, Coinbase, Huobi, Bybit, etc.
What is the most Popular Crypto Wallet in the UAE?
The most popular crypto wallets in the UAE are Binance Wallet, Trust Wallet, etc.
Is Crypto Legal in the UAE?
Yes, cryptocurrency is legal in the UAE.
Which countries are restricted for Huobi futures?
Countries that cannot access Huobi features include the United States of America, China, Canada, North Korea, Japan, Singapore, Iran, Sudan, Cuba, Syria, Crimea, and Venezuela.
Is Binance Legal in the UAE?
Yes, Binance is legal in the UAE.
