Huobi Review 2023

/ 5
Huobi is #123 in our crypto broker rankings.

Huobi is one of the world's largest cryptocurrency exchanges, offering the top tokens by market cap on their proprietary trading platform.


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Huboi is a leading cryptocurrency trading exchange offering access to major and emerging tokens.

Huobi is a popular global crypto exchange that regularly trends on Twitter. Established in 2013, it is one of the oldest online exchanges around. Through Huobi, traders in the UK, India, Indonesia, South Korea and many other countries can purchase crypto tokens such as Dogecoin (DOGE), Bitcoin (BTC) and Tether (USDT).

This review will cover what Huobi is, its history and everything you need to know about payments and fees in 2023. We also provide a how-to guide for opening an account and starting trading.

What Is Huobi?

Huobi is one of the largest global crypto exchanges in the world, ranking in the top three by trade volume. Initially, it was only aimed at China, but nowadays they offer cryptos to clients in over 130 countries. Huobi’s holding group and owner, Huobi Global, has offices in a range of locations, including Japan, South Korea, the United Kingdom (London), Australia, Canada (Ontario), Brazil and Hong Kong (HK). The headquarters are in the Seychelles, and they are listed on the Hong Kong Stock Exchange (HKG: 1611).

There are currently over 380 crypto assets and over 200 coins listing on Huobi, with a 24-hour trading volume of over $35,700,000,000. The coins listed include but are not limited to Ethereum (ETH 2.0), 1 Inch (1INCH), Binance Coin (BNB), Ripple (XRP), Quant (QNT), HUSD (HUSD), eCash (XEC), NEM (XEM), Verge (XVG) and Symbol (XYM).

Huobi also has its own token, Huobi Token (HT), originally issued in January 2018. According to CoinMarketCap, it is one of the top 100 cryptocurrencies by market cap. Today’s stock price can be found on the Huobi official website.

Brief History

How Huobi Works

Huobi works in the same way as most other crypto exchanges, people can buy or sell cryptocurrencies, and the platform earns money through transaction and trading fees. Recently, Huobi has focussed on stable coins backed by the US dollar. These tokens are less susceptible to market volatility. If you deposit one of the four stable coins (Paxos Standard, True USD, US Dollar Coin and Gemini dollars), the funds are automatically transferred into Huobi’s HUSD. When you withdraw, you can pick from any of the stable coins at a 1:1 ratio. This eliminates the need for users to convert stable coins if the value changes, removing conversion costs.

Huobi Trading Platform
Huobi Trading Platform


Huobi is regulated in the Republic of Seychelles. In addition to this, they are also regulated by the Financial Conduct Authority (FCA) in the UK. Huobi complies with KYC policies and limits withdrawals for customers who have not completed this stage of verification.

Payment Methods

Huobi accepts 90+ deposit and withdrawal methods, including bank transfers and credit/debit card payments. Users can also buy tokens with credit cards with the quick buy feature. If you have fiat currency, such as GBP, deposits and withdrawals are possible with these methods:


These are the various fees associated with Huobi:

Deposit & Withdrawal Fees

The minimum required deposit for Huobi is $100 (about £72.95) and there is a fee of 1% of your total deposit for international wire transfer. For users who have not completed ID verification, the exchange limits the amount they can withdraw to 0.06 BTC. For those who have completed verification, the daily withdrawal limit is increased to 200 BTC, plus there are withdrawal fees. The fee is 1% for international wire transfers and for crypto withdrawals, it is 0.0001 BTC and 0.001 LTC respectively.

Trading Fees

Huobi operate a tiered fee structure based on the number of Huobi Tokens (HTs) held by a customer. If the trader has less than 10 HT, the basic rate of 0.2% is charged, then the fees decrease as follows:

Huobi users can also earn fee reductions by purchasing and using point cards. For some cryptocurrencies, Huobi may operate a minimum order size. This is regularly updated and can be checked on their website.

The futures fees are slightly different with Huobi. The charge for opening and closing a position is 0.02% for makers and 0.04% for takers, you pay this fee on both sides (opening and closing).

To find listing fees for tokens on Huobi, visit the website.


Huobi Pro and Huobi OTC (both of which have apps available) specialise in different markets. Huobi Pro gives access to over 200 different crypto coins and tokens that can be bought and sold. If you want to hold on to coins for the long run (HODL) or conduct margin trading, this is the place for you. Through Huobi Pro, users can purchase HB10, which tracks the Huobi 10 index (sometimes known as 10 dollar).

Huobi OTC focuses on the futures and options markets. These markets give users more freedom to set prices and timeframes for deals to be completed.

Huobi also facilitates peer-to-peer (p2p) trading between users.

Unique Features

Huobi is full of interesting features that set it apart from the competition. Here, we list a few of our favourites:

Huobi Prime

Huobi Prime is where new tokens, such as NFT (APENFT), are offered. These initial exchange offerings (IEOs) allow users to place orders for new tokens that are just about to be released. To take part in these offerings, users must have a minimum holding of 300 HT.

Eco Chain

Huobi Eco, or HECO, is a decentralized and cost-efficient public chain, like blockchain, that Ethereum developers can use to get started easily. It is seamlessly compatible with smart contracts. HECO has developed a DeFi ecosystem with wallets, assets and applications rankings. HECO can also help get you started with yield farming. There is a tutorial on the Huobi website to get you going, and there are plenty of YouTube videos and Reddit reviews to help as well.

Huobi Wallet

Huobi Wallet is a secure and professional Defi wallet. The wallet uses advanced technology to ensure safe asset management and protection. Users are in control of their private keys, which the company never has access to. There are multiple backup options to prevent loss or theft. The creation process is straightforward, and the interface is user-friendly, allowing clients to easily view their crypto balances.

Huobi Mall

Huobi Mall is Huobi’s mining pool. It ranks in the world’s top 10 mining pool services and is the world’s largest staking mining pool. This feature allows users to group and combine computing power to mine different cryptocurrencies that are available on the platform.

Mobile App

Huobi Global have a wide range of apps available for download on iOS and Android. The standard Huobi app allows users to conduct any trading they want. It is fully featured and allows users to buy and sell any of the listed cryptocurrencies.

Plus, Huobi has several other apps to improve your mobile trading experience. Huobi Chat is a social platform that allows users to talk to each other and learn about blockchain. Huobi Pool allows users to start mining and earn coins and Huobi Wallet gives clients mobile access to their crypto wallet.

Huobi Mobile App
Huobi Trading App

Deals & Bonuses

New Huobi exchange users can register, log in and complete tasks to earn a reward. Once all tasks are completed a $170 bonus is deposited into your account.

Huobi also operates an ‘invite your friends’ scheme. If people sign up with your invitation/referral code, you will receive a 30% rebate on their trading fees. The cashback scheme lasts for 24 months.


No review of Huobi would be complete without the pros of the platform:


Balance is key in any review, here are the drawbacks of Huobi:


Huobi vs Binance, Coinbase, Kraken and Kucoin, how does Huobi compare to its competitors?

When comparing Huobi with Binance or Kucoin, fees are important. Huobi’s fees tend to be slightly higher than its competitors at 0.2% on average compared to 0.1% for competitors. It also has a stronger level of regulation compared to Kucoin and is level with Binance. However, one thing that sets the exchange apart from its competitors is its derivatives markets. There is no simple answer as to which exchange is best for your personal strategy and risk appetite, so always take time to research the current fees and other features offered by the platforms.

Customer Support

Huobi pride themselves on strong levels of customer service and support. Whether you want to close and delete your account, or just have queries that need answering, the help centre is open 24/7. Users can either leave a message or use the live chat feature. Traders can also get in contact with Huobi through Telegram.


Huobi has high levels of cyber security to keep your assets and interest safe from theft and loss. When logging in, the exchange requires you to complete two-factor authentication (2FA). This can be reset at any time if needed.

How To Start Trading

Now that you have learnt all about Huobi, you may want to start trading. This guide will help you get your trading careers off the ground:

  1. Sign up to Huobi: The first thing to do is to open an account with Huobi. Complete all the necessary steps, including your KYC verification. This process will only take a couple of minutes.
  2. Download the app: If you are happy using the web app, ignore this step. Otherwise, download the Huobi Global app to your PC or mobile.
  3. Deposit funds: Deposit funds to your account. Remember, the minimum deposit is $100 (£72.95), so you will need to deposit this before you can start trading.
  4. Buy/sell cryptocurrencies: Once your account is set up and you have deposited funds, you are ready to begin trading. Check charts for different crypto coins, look at token price predictions, and make your first moves in the crypto world.

Trading Tips

If you are going to start trading with Huobi, these tips will boost your skills and potential profit:

Huboi Verdict

Huobi is one of the largest and most respected cryptocurrency exchanges in the world, with many great reviews online. Huobi gives access to over 200 different crypto coins and over 350 crypto assets providing the opportunity to profit in an exciting and fast-paced market. If you want to get started, follow our guide, listen to the tips, and begin your trading journey.


Which Country Is Huobi From And Regulated In?

Originally, Huobi is from China. However, their headquarters are now in the Seychelles where they are regulated. The firm is also regulated by the FCA in the UK.

Can US Customers Trade With Huobi?

Currently, the Huobi exchange does not allow United States (US) residents and customers to trade. However, the firm has announced plans to allow customers in the USA to trade with them in the near future.

How Much Capital Do I Need To Trade With Huobi?

The minimum deposit is $100. Once this is deposited and the KYC checks have been completed, users can begin trading.

Does Huobi Offer Leverage?

Yes, for existing customers, although it has been slashed from 1:125 to 1:5 in recent times. New customers who joined after a certain date will not be able to use any leverage.

Is Huobi Safe To Use?

Yes, Huobi is relatively secure. It has high levels of cyber security and require two-factor authentication (2FA) when logging in.

Accepted Countries

Huobi accepts traders from Australia, Thailand, United Kingdom, South Africa, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Huobi from Canada, United States, Singapore, Hong Kong, China, Japan.

Payment Methods

Huobi Details

Minimum Trade No minimum
Regulated By FCA, FSAS
Islamic Account Yes
Mobile Apps iOS & Android
Margin Trading Yes
Margin Rate 1:5
Volatility Index No
Spot Trading Yes
Perpetual Swaps Yes
AI / Machine Learning No
Robo Advisor No
P2P Trading Yes
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes, via in-house trading bot
Social Trading No
Trade Signals Yes
Guaranteed Stop Loss No

Cryptocurrency Trading Details

Crypto Spread Variable
Crypto Lending Yes
Crypto Staking No
Crypto Mining Yes
Crypto Auto Market Maker No
Crypto Coins
  • BCH
  • BTC
  • DOGE
  • EOS
  • ETH
  • LTC
  • USDT
  • XCH
  • XRP
  • YCC
  • YFI
  • YFV
  • ZIL
  • ZKS

Compare Huobi

Compare Huobi with similar brokers that accept traders from your location. Among available brokers these are the most similar to Huobi:

  1. OANDA – OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.
    Go to OANDA
  2. – boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
    Go to
  3. Webull – Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.
    Go to Webull

Huobi Comparison Table

Compare Huobi With Similar Brokers
Huobi OANDA Webull
Rating 2.5 4.5 4.5 4.4
Markets Cryptocurrency Forex Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $100 $0
Minimum Trade No minimum $0 $1 $5
Bonus $170 Welcome Bonus $5,000 welcome bonus with a deposit of $500 Six free stocks
Education No Yes Yes Yes
Platforms AlgoTrader MT4, TradingView, AutoChartist MT4, MT5, TradingView, AutoChartist, TradingCentral
Leverage 1:30 EU, 1:200 Global 1:200
Payment Methods 12 12 8 3
Visit Visit Visit Visit
Review Huobi

Compare Trading Instruments

Compare the markets and instruments offered by Huobi and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Huobi Trading Instruments
Huobi OANDA Webull
CFD No No Yes No
Forex No Yes Yes Yes
Stocks No Yes Yes Yes
Commodities No Yes Yes No
Oil No No Yes No
Gold No Yes Yes No
Copper No Yes No No
Silver No Yes Yes No
Corn No Yes No No
Crypto Yes Yes Yes Yes
Futures Yes No Yes No
Options No No Yes Yes
ETFs No No No Yes
Bonds No Yes No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

Huobi vs Other Brokers

Compare Huobi with any other broker by selecting the other broker below.

Huobi vs
Huobi is one of the world's largest cryptocurrency exchanges, offering the top tokens by market cap on their proprietary trading platform.