How to buy Huobi BTC (HBTC) in the UK

Where to buy Huobi BTC in the UK

It looks like HBTC may not be available to purchase on an exchange in the UK.

You can still purchase HBTC by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

How to purchase HBTC using a decentralised exchange.

1. Find HBTC on a decentralised exchange and make sure Huobi BTC can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for HBTC using an exchange like CoinJar. You will need to purchase enough ETH to swap for HBTC as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for HBTC on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the HBTC tokens will arrive in your wallet.
6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

Best Huobi BTC wallets to store your HBTC

You can keep your HBTC on the exchange you purchased it on, or move it to a personal wallet:

• Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
• Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your HBTC below.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Huobi BTC a good investment?

Huobi BTC strictly tracks the price of Bitcoin, so it’s important to remember that the token will be subject to the same market volatility. Here are some factors to consider before purchasing this token:

• Bitcoin token on Ethereum: Huobi BTC is a form of wrapped token that aims to allow users to use Bitcoin on Ethereum-based decentralised applications (dapps). It's comparable to other tokens such as Wrapped Bitcoin (wBTC), RenBTC and Bitcoin Proxy (BTCpx).
• Fast trading: Using HBTC can be significantly faster than using BTC. The Bitcoin blockchain processes new transactions approximately every 10 minutes. As HTBC transfers across Ethereum’s blockchain, transactions can be completed in 5 minutes or less.
• Cheaper trading fees: As HBTC is an ERC-20 token, transaction fees are often less than the equivalent Bitcoin blockchain fees.
• Huobi suspension: The cryptocurrency exchange suspended mining and other services as a result of China’s recent crackdown on cryptocurrencies. It should be a situation to keep an eye on when dealing with this token.

Today's Huobi BTC price versus ATH

Compare today's price of Huobi BTC ($28453 USD) against its all-time-high price of $166135 USD on 21 April 2022. The closer the bar is to 100%, the closer HBTC is to reaching its ATH again.

How to trade, convert or sell Huobi BTC

You can convert or sell your HBTC with the same exchange you bought it through:

1. Sign in to the exchange you have HBTC on.
2. If you store your Huobi BTC in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of HBTC you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Huobi BTC.
6. Complete your transaction and move your HBTC to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.