Huobi Review 2023: Exchange Features, Security & Fees

    Updated: Feb 1st, 2023
    Kevin Groves
    Kevin Groves
    Huobi Review 2023: Exchange Features, Security & Fees

    One of the largest digital currency exchanges for trading Bitcoin and Ethereum is Huobi Global, otherwise just known as Huobi. It is a trusted, proven and top cryptocurrency exchange in the world in terms of traffic, trading volume and liquidity. But does that mean it is the right exchange for you? In this Huobi review, we will break down and assess Huobi's most important features, available markets, limits, trading fees, security, and customer support.

    Trading Fees:0.2% / 0.2%
    Country:Global (USA not allowed)
    Promotion:None available at this time
    Ease of useStarStarStarStarEmpty Star
    ReputationStarStarStarStarEmpty Star
    Deposit methodsStarStarStarStarEmpty Star
    FeesStarStarStarStarEmpty Star

    This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.

    Our Huobi Review - Quick Verdict

    Huobi Global is a premium cryptocurrency provider that is available worldwide that allows investors and traders to speculate on over 600 cryptocurrencies. It has an all-in-one solution for buying, trading, earning, storing, and selling crypto. There is a wide selection of payment options, supported fiat currencies, competitive trading fees of 0.2% per trade, and an intuitive mobile app. Huobi is a great option for experienced traders that want to invest in the world of crypto. However, the abundance of features will be daunting for new users and there can be intermittent technical issues with the app which can be frustrating.

    Huobi Pros:
    • Advanced user interface for serious crypto traders
    • Deep liquidity across its BTC/USD and ETH/USD trading pairs
    • Competitive trading fees at 0.2% per order
    • Borrowing and lending features to earn interest on crypto
    • Supports soft crypto staking to earn passive rewards
    Huobi Cons:
    • Not available in the United States or Canada
    • Mobile app has a history of bugs and intermittent issues
    • Trading fee discounts and rebates are confusing
    Visit Huobi

    Huobi At A Glance

    Exchange NameHuobi Global
    FIAT Currency57 (EUR, USD, GBP, AUD, RUB, UAH, KZT & 50 others)
    Payment TypeAdvCash, Cryptocurrency, SWIFT, Wire transfer, credit card & others
    Trading FeeMaker 0.2% Taker 0.2%
    Deposit FeeVaries per country and deposit method
    Withdrawal FeeNone
    Mobile AppYes

    What Is Huobi?

    Huobi is a popular crypto trading exchange based in Seychelles that was originally founded in China in 2013. The company behind the exchange has grown dramatically with offices located in Hong Kong, South Korea, and Japan. In 2018, the company became publicly listed in Hong Kong. Huobi Global is considered a safe and trustworthy place to buy, trade, store, earn and sell 600+ digital currencies. The exchange serves tens of millions of users in more than 195 countries worldwide with over 60 payment methods for converting fiat into crypto.

    Notable features of Huobi include:

    • Supports 348 cryptocurrencies with more than 927 trading pairs
    • Advanced trading platform with TradingView charts and tools
    • Competitive 0.2% trading fees
    • OTC trading for institutions
    • Huobi Pool to earn coins by lock-in, voting and mining

    Huobi Compared

    ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview


    600+0% to 0.1%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Up to $100 welcome bonusVisit BinanceBinance Review
    Bybit Logo


    810.06% / 0.01% (leverage), 0.1% (spot)
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    Deposit bonus up to $30,000Visit BybitBybit Review
    okex logo


    3660.08% (maker) / 0.10% (taker)
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    None available at this timeVisit OKXOKX Review

    Huobi's Top Features Reviewed

    Supported Fiat Currencies

    Huobi provides an all-in-one digital currency platform that starts with a fiat-to-crypto onramp for investors located worldwide to begin their cryptocurrency journey. The exchange supports 57 fiat currencies to fund an account such as USD, EUR, GBP, AUD, CNY and many others. Each fiat currency can be deposited to Huobi using several payment methods which vary in each country. In total, there are currently 60 payment options such as international wires, bank transfers, WeChat, AliPay and using a credit/debit card to buy crypto.

    deposit Fundsdeposit Funds

    Spot, Margin, Futures & Derivatives Markets

    Huobi offers a variety of cryptocurrency markets that can be traded using the same user account. Individuals can speculate on digital currencies using the Spot Exchange, Margin Exchange, Futures Market, crypto options and USDT-Swaps with leverage up to 125x. The emergence of leverage crypto trading products allows customers to hedge spot their positions by short-selling Bitcoin to balance a crypto portfolio and exposure to market conditions. Overall, Huobi is a well-balanced exchange for those that want to trade crypto with leverage.

    Competitive Trading Fees

    Using an exchange with cheap trading fees is an important consideration before trading cryptocurrencies. Huobi Global offers one of the cheapest rates for buy and sell orders that starts from 0.2% per trade which can be further reduced by holding HT tokens. The fees are slightly lower compared to other global exchanges such as Gemini and Coinbase which range between 0.25% and 0.5% per trade against fiat and crypto pairs.

    ExchangeTrading FeeToken Discounts
    Crypto.com Exchange0.2%Yes

    Huobi Earn

    Huobi has introduced a new feature called Huobi Earn which offers flexible and fixed lock-up terms to earn interest on coins and tokens in a Huobi wallet. Customers can choose to deposit funds to earn interest that is compounded daily on the most popular cryptocurrencies and DeFi tokens. For example, deposit USDT to earn approximately 6.6% APY with a flexible term of up to 8% locked in for 90 days. 

    Huobi EarnHuobi Earn

    P2P Marketplace

    Huobi has peer-to-peer services that provide its customers with a means to seamlessly and effortlessly exchange value. The major benefits of the P2P platform are the minimum trade value of just $100 and zero trading fees. There are 4 supported assets at the time of writing which includes Bitcoin, Ethereum, Tether and Huobi Token (HT). Huobi has one of the best P2P exchanges for crypto due to its modern filtering system. P2P users can sort merchants based on reviews and ratings on the platform making it suitable for newcomers.

    Screenshot of Huobi's P2P exchangeScreenshot of Huobi's P2P exchangeScreenshot of Huobi's P2P exchange.

    Accepted Countries

    Huobi Global is available to cryptocurrency investors and traders in over 190 countries worldwide. According to Huobi's User Agreement, residents in the USA, Canada, Japan, Iran, North Korea and Crimea are prohibited from using the exchange. This is due to strict regulations that govern the provision of financial products and services.

    The exchange has recently been restricting access to certain countries from trading Futures and derivatives in response to China's crackdown on crypto. According to a report, anyone from mainland China, Taiwan, Israel, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Sevastopol and retail investors in the U.K can no longer trade these products.

    Huobi Verification

    Individuals that want to buy or sell crypto using fiat currencies such as USD, EUR or KRW must complete a Know Your Customer (KYC) stage. Huobi verification takes approximately 10 minutes to complete once a Government-backed ID document has been uploaded and a photograph has been scanned. The documents are uploaded using a safe and secure portal which is manually reviewed by the Huobi team. During high-traffic periods, the verification process can take up to 7 days to complete.

    Funding & Limits

    Huobi supports 57 local currencies and 60 payment methods to fund an account to access the features and services on the platform. Depending on the country, the user will be presented with the available deposit options to transfer fiat currency to the exchange. Common deposit options that are supported include bank transfer, Faster Payment, AdvCash, credit and debit cards, wire transfer and SWIFT. 

    Huobi DepositHuobi Deposit

    For example, Euros can be deposited to Huobi using a SEPA bank transfer of up to 10,000 EUR per month and 100,000 EUR per year with Level 2 verification. There are no deposit fees to use a bank transfer, however, there is currently no option to withdraw Euros or Pounds to a bank account which is a negative. USD deposits have also recently been suspended on the exchange.

    CurrencyDeposit MethodDeposit LimitWithdraw Limit
    EURSEPA Bank Transfer10,000 EUR per monthNot available
    GBPFaster Payments10,000 GBP per monthNot available
    RUBAdvCash / Credit Card10,000,000 RUB per month500,000 RUB per month
    UAHAdvCash7,500,000 UAH per month750,000 UAH per month
    KZTAdvCash50,000,000 KZT per month5,000,000 KZT per month

    Huobi supports over 364 cryptocurrencies on its trading platform to buy and trade such as Bitcoin, Ethereum, Litecoin and XRP. The exchange is regularly adding new coins in emerging blockchain industries such as decentralized finance and meme tokens which have gained widespread popularity in recent months. The selection of coins on Huobi is comparable to Binance and KuCoin which offer a similar number of digital currencies to buy Bitcoin, Ethereum, DeFi tokens and other altcoins.

    Supported Coins

    The coins are paired against USDT, HUSD, BTC, ETH, HT and selected altcoins to provide more than 927 different markets to search and find trading opportunities. The marketplace provides a complete list of the supported trading pairs with a 'top gainers' column which is useful to find trading pairs with high volume over the last 24 hour period.

    Volume & Liquidity

    Huobi Global is currently the 3rd largest cryptocurrency exchange in the world by traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes reported. At the time of writing, Huobi processes nearly $15 Billion in daily transaction volume, with BTC/USD and ETH/USD making up nearly 20% of all transaction volume on the exchange.

    Huobi Trading VolumeHuobi Trading Volume

    The BTC/USD trading pair on Huobi has a liquidity score of 833 based on the slippage incurred by various order sizes. This is one of the higher scores for Bitcoin trading and is reflective of a very liquid market. This means traders with size can buy and sell Bitcoin with minimal slippage in price. The depth of trading volume and liquidity in Huobi's BTC/USD and ETH/USD order books are excellent and are suitable for high net-worth individuals, institutions and retail traders.

    Trading With Huobi

    Selecting a cryptocurrency platform depends on the trading interface for many investors and traders. This is where the majority of time will be spent analyzing the charts and looking for trading opportunities.

    User Interface

    The user interface on Huobi to well laid out, responsive on all devices and visually appealing. On the top menu, there are quick drop-down menus to access all of the Huobi features and services. The charts and order windows are located in the middle with the order book on the right. Clicking on a price will auto-fill limit orders. Changing trading pairs or logging out of Huobi does not remove any drawing tools or patterns overlaid on the chart. Therefore, chart analysis remains on the chart until removed by the trader.

    There is also the option to toggle between light and dark mode and add charts to a favorites list. Overall, we could not fault much with the trading experience and stacks up well in comparison to other top altcoin trading platforms.

    Huobi Trading InterfaceHuobi Trading Interface

    Indicators & Drawing Tools

    Huobi offers two user interfaces for its users to choose from. The default charting window is developed by Huobi and is simple to view the charts for each pair. However, users can switch to TradingView which is renowned for providing excellent trading tools and charting features for crypto. For a list of the best free charting websites for crypto, read this article.

    Huobi has a wide range of time frames and tools to draw trend lines, add indicators and chart patterns to perfectly time a trade. Examples of indicators that can be applied include Simple Moving Averages, Relative Strength Index (RSI), Ichimoku, Bollinger Bands, Average True Range, MACD, Volume, Stochastics and others.

    Placing Orders

    The order window provides a variety of orders such as limit, market, stop-limit and trigger orders. The latter is unique to Huobi which allows a person to place an order in the market at a pre-set price and quantity which will execute when a trigger price is reached. The order essentially combines both a market and limit order and can be used as a stop-loss order to protect capital. This feature is available on very few exchanges, however, it is important to note it is not a guaranteed stop order.

    Huobi OrdersHuobi Orders

    The order book window on the right of the screen is intuitive and can be used to auto-fill the price to avoid mistakes in typing in the incorrect price or decimal place. The trade amount can be quickly populated using the auto-fill options (e.g. 25%, 50% or 75%). At the top of the order window is a tooltip for the fees. This is a great way to check the maker and takers fees are correct based on the volume amount or discounts for holding HT tokens.

    Futures Trading

    Huobi has a futures derivatives platform which is currently the 4th largest derivatives trading platform in terms of volumes behind Binance and ByBit. Using the futures market on Huobi is an excellent way to short-sell Bitcoin and other coins as a risk management tool that can be accessed within a single Huobi Global trading account. An individual can place orders on the futures market to maximize returns, reduce the impact of price fluctuations in the spot market, lock in profits and losses and provide a steady trading income by hedging their crypto portfolio.

    Futures vs Spot TradingFutures vs Spot Trading

    Trading Futures, USD Coin Swaps and DeFi derivatives are available on the desktop, tablet and mobile devices which can be accessed from any location with an internet connection. The user interface has the same appearance as the spot exchange which adds familiarity for existing Huobi customers. The crypto futures pairs can be traded with leverage up to 75x but is not recommended for beginner traders. There is also the added benefit of placing trailing orders to maximize potential gains. 

    Huobi Fees

    Huobi Global has a base trading fee of 0.20% for its spot markets which is based on the maker and taker model. Holding the Huobi Token (HT) to pay for transactions costs offer a fee discount which increases with the amount of HT holdings. For example, a person with more than 5,000HT within a Huobi wallet can get an effective 65% discount on spot trading fees. Overall, the spot trading fees on Huobi are competitive in the market but are slightly higher than BinanceOKCoin and KuCoin which start from 0.1% per transaction.

    HT HoldingsFee Discount

    Huobi futures fees for USD and coin-margined pairs have a different transaction fee compared to Huobi's spot exchange. Buy and sell transactions will incur 0.02% for maker and 0.04% for taker orders. Holding HT tokens does not offer any fee discounts, however, a preferential rate could be granted by becoming a VIP client of Huobi by trading more than 25 million in a 30 day period. The fee schedules for futures and swap contracts can be found on the Huobi website.

    Super Star VIP Program

    Huobi has launched a Super Star VIP program for its customers to benefit from competitive rates for trading large volumes on the spot exchange. Reduced rates will apply for accounts that have a 30 day trading volume over 50 BTC across any crypto exchange.

    For example, individuals that have a 30 day volume between 20-50 BTC per month can apply for a discounted trading fee of 0.07% for maker and taker orders. The lowest trading fee under the Huobi Super Star Program is 0.0097% for maker and 0.0193% for takers.

    huobi promotionhuobi promotion
    Volume (30 day)Reduced FeesDuration
    20 - 50 BTC0.0700% / 0.0700%2 months
    50 - 100 BTC0.0467% / 0.0513%2 months
    100 - 300 BTC0.0398% / 0.0475%2 months

    Grid Trading Bot

    Huobi has introduced trading bots to automate trading on the spot exchange. The Grid Trading feature is an automated bot that places orders within a defined rectangle or range. Buy orders can be placed at the lower boundary of the range that will automatically sell once the price reaches a defined point within the top of the grid. Based on the current backtest data, the Huobi grid trading bot has a 7-day annual yield of 29.47%, although past performance does not indicate future performance.

    To begin using the bot, traders will need to first complete a knowledge test which should not be an issue for advanced users. The selection of trading bots available to Huobi is limited to the Grid Trading bot only. Individuals that are looking to automate advanced crypto strategies such as arbitrage trading and based on technical indicators will need to use alternative platforms. Some of the best crypto trading bot platforms with inbuilt automated trading bots are Pionex and Quadency. For more information, read the full reviews.

    Crypto Loans From Huobi

    Verified Huobi customers can collateralize crypto assets to obtain a loan in cash or digital currency that can be used to trade in the Spot exchange, Margin and Futures platform or withdrawn for spending. The supported coins that can be deposited and used as collateral include BTC, USDT, ETH, HUSD, HT, LTC, BCH, EOS, LINK, BSV, XRP, DOT and HPT.

    For example, a person can obtain a $10,000 USDT loan by depositing 0.39BTC as collateral. Based on a 90 loan period, the interest rate is calculated at 0.0345% daily or $310 USDT.

    huobi crypto loanshuobi crypto loans

    Huobi loans have a fixed term of 30, 45 or 90 days with flexible repayment options available. There are no penalties or fees if early repayments are made, however, the interest amount will be paid off first before the capital is borrowed. The interest rate is calculated based on hours of use and determined from the start date of the loan. Overdue interest payments after 7 days will be charged at 3 times the interest rate, which is quite steep when compared to the best crypto lending websites such as Nexo and CoinLoan.

    Huobi Staking

    Huobi has a coin staking feature that allows its users to earn rewards for holding digital currencies within a Huobi wallet. In fact, Huobi is a top rated platform for staking crypto due to its high yields and zero fees. For example, CSPR can be staked on Huobi Global to earn an estimated reward of 10% APY. Staking will suit crypto holders that are comfortable with locking in their coins for a set amount of time to accrue the staking benefits. Once the coins are staked, the Huobi wallet balance will be deducted and the coins will stake automatically in the pool to earn rewards.

    Huobi StakingHuobi Staking

    After staking coins with Huobi, the assets will be frozen in the Huobi account and cannot be traded which is a negative. Also, the number of supported Proof of Work (POW) coins is limited to CSPR at the time of writing. The number of supported coins is limited when compared to exchanges that offer crypto staking like Binance that offers over 37 cryptocurrencies such as CELR, TEZOS, SUSHI, ADA and ATOM for staking benefits.

    Huobi Global ETHHuobi Global ETH

    Huobi also offers support for the Ethereum 2.0 network upgrade to a Proof-of-Stake (POS) consensus model. Users can deposit Ethereum to a fixed wallet to earn ETH 2.0 staking rewards. The rewards can only be redeemed once the Ethereum upgrade has been completed.

    Huobi Mobile App

    Huobi Global features a sleek and intuitive mobile trading app that can be downloaded for iOS and Android-compatible devices. The app can be used to create an account, complete ID verification, deposit and withdraw funds, place trades and monitor live positions. Huobi's trading app has an overall 3.8/5 star rating on the Android marketplace based on more than 10,000 reviews on TrustPilot.

    However, there are several customer reviews of technical bugs with registration, KYC and log in using the Huobi app. Each comment has been responded to by a support member of the Huobi team and is a great example of good customer service. Combined with an intuitive display and responsive charting, Huobi offers one of the leading crypto apps for trading Bitcoin and other altcoins.

    Mobile AppMobile App

    Security of Assets

    Huobi has proven to be one of the most secure platforms for cryptocurrency purchases and trading. The platform is a relatively safe place to temporarily store assets in comfort the exchange has processed over 1 billion dollars without any security breaches. Huobi Global has implemented several safety measures to protect users' personal information and funds from external threats, internal error (e.g. human mistakes) and misuse of internal authority. 

    Huobi has a strict protocol to separate users’ digital assets into cold and hot wallets. According to the website, 98% of cryptocurrencies are stored in offline multi-signature cold wallets. The exchange has implemented a Huobi Security Reserve with a total amount of 20,000 BTC. These funds are owned by Huobi are kept in different wallets to be used in the event of an unlikely exchange hack or incident. Overall, the level of protection features that have been factored in demonstrates a high degree of safety has been designed into the platform for its users to safely trade and hold crypto using the Huobi wallet.

    Frequently Asked Questions

    Huobi is a relatively safe platform that features multiple bank-like security measures such as cold wallet storage, SMS, and email notifications with account 2FA to ensure a reliable and safe trading environment. Unlike other crypto exchanges that have been hacked, Huobi has never been successfully compromised that resulted in a loss of funds or its user's personal information.

    Huobi Global is a Seychelles-based cryptocurrency exchange that is currently licensed to legally operate in several countries including Japan, South Korea, Thailand, Gibraltar and other regions. Due to tighter regulatory controls worldwide, Huobi has committed to adopting a compliance-focused approach to serve its millions of users globally with safe, secure and regulated crypto trading framework. According to Elaine Sun, Compliance Director of Huobi Technology, "If regulatory compliance is the future of digital assets, we need all industry players to act in a compliant manner."

    There is no cost involved to create a new account with Huobi or maintain a Huobi wallet. There are some fees involved to use a Huobi account such as depositing money to the exchange, buying and selling, trading between assets and withdrawing to an external wallet. These fees are common for a centralized exchange to cover the company's expenses for providing the infrastructure to create a safe trading environment.

    The Huobi Token (HT) is the exchange-based token and native currency issued by Huobi Group. The token is based on the Ethereum network with a limited total supply of 500 Million. Huobi Token is the native currency of Huobi Global that is used to provide internal functionality and give incentives such as VIP access, trading fee discounts, rebates and voting rights for new coin listings.

    huobi token stats

    Huobi is available for residents in Australia to deposit AUD to buy crypto directly using a VISA/Mastercard, POLi, PayID or a local cash deposit at a newsagency. Funds can only be withdrawn as cryptocurrencies as there is currently no support to withdraw AUD to a local bank account. Investors that want to cash out will need to use a local Australian crypto exchange. Read our comparison article on the best crypto trading platforms in Australia.


    To conclude our exchange review, Huobi has been a leading cryptocurrency exchange since 2013 that has excellent features and services, security, mobile app and competitive trading fees. The user interface, supported coins and variety of trading pairs will suit most altcoin traders. For the investor, there are plenty of financial products to maximize a portfolio such as borrowing and lending to earn crypto interest and staking for coin rewards.

    Overall, Huobi Global is a reliable and safe cryptocurrency platform for serious crypto traders. The depth of market liquidity across its trading pairs such as BTC/USD and ETH/USD is attractive for retail and professional traders. Packed with a wide range of services and products to buy, trade, sell, earn, store and stake, Huobi is the complete package for crypto enthusiasts.

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    Kevin GrovesKevin GrovesKevin Groves

    Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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