Huobi review

Huobi Global exchange was established in 2013 and currently has more than five million users. Leon Li founded the exchange in China but in 2017 the exchange relocated following the crackdown on cryptocurrency exchanges by Chinese authorities. Huobi is a secure and easy to use exchange that processes 2-5 billion trades per day. The exchange supports more than 190 cryptocurrencies and it is available in more than 180 countries.

Please note that fees may vary based on your country or purchase amount. 

  • Trusted and safe exchange

 

  • Boasts 5 million users

  • Huobi holds 420,000 bitcoins of users

  • Debit/credit card bitcoin purchase permitted

  • Supported in more than 130 countries

  • Huobi OTC​

  • Trading charges are high

  • Charge 8% fee for debit card purchase of bitcoin

  • Bank wire purchase of bitcoin not available

  • Does not support staking rewards

Huobi Has Got Traders Trust

Since Huobi is one of the exchnages that have been around for almost seven years it has established a track record as a reputable exchange. The exchange’s daily trading volume is 2-5 bln and it is among the most reliable exchanges to buy bitcoin with 5 million users trusting it.

Huobi Vs other exchanges

Besides Huobi there are several other exchanges out there where users can purchase bitcoin at good prices. Huobi is a good, safe and secure exchange and here is how it compares with other exchanges.

  • Boasts of 2.2 million daily users

 

  • Trading charges 0.1%-042%

  • Daily trade volume 100–300 mln

  • The exchange supports over 30 different cryptocurrencies

  • Users from over 180 countries can access the exchange

  • OTC Kraken

  • Daily users’ base of 12 million

 

  • Least trading fees 0.1-0.2%

  • Daily trading volume 10-12 bln

  • Binance supports over 190 cryptocurrencies

  • Supported in more than 180 countries

  • OTC Binance

  • Binance is the most trusted crypto exchange

  • 5 million users trust Huobi

 

  • Trading charges 0.1-04%

  • Daily trading volume 500 mln – 2 bln

  • More than 118 cryptocurrencies supported

  • Available in 130 countries

  • OTC Huobi

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Disclaimer

The information provided by the website is for educational purposes and should therefore not be considered as investment or financial advice by those who use the website. Note that cryptocurrencies have a considerable amount of risk and thus the need to consult with your financial advisor so that you can understand the risks involved. Avoid trading with money that you cannot afford to lose because there are no guaranteed profits. 
About US
The BestPlacetoBuyBitcoin website is strict to be used for research. It was designed as a professional guide through which traders can identify the three best cryptocurrency exchanges through which they can invest in cryptocurrencies. The information provided on the website is based on a strict analysis of the services provided by the exchanges with the highest trading volumes. We evaluate various factors including a comparison of trading volumes, cryptocurrencies listed, trading fees, the payment methods supported, number of users, and the countries where the exchanges are available. Our goal is for our website to be a useful tool through which people can select the ideal cryptocurrency trading platform. We aim to act as a guide that will help traders avoid the many scam platforms out there, and instead focus on helping them find a legitimate service that will align with their interests. We are proud to be a part of the blockchain and cryptocurrency movement and we select the best platforms that are suited especially for beginners in the crypto space.
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