How to buy Huobi (HT) in the UK

Where to buy Huobi in the UK

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

You can still purchase HT 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 HT using a decentralised exchange.

1. Find HT on a decentralised exchange and make sure Huobi 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 HT using an exchange like CoinJar. You will need to purchase enough ETH to swap for HT 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 HT 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 HT 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 wallets to store your HT

You can keep your HT 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 HT below.

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

Is Huobi a good investment?

Any cryptocurrency purchase should be evaluated for potential upsides and potential risks. Before investing in HT, here a few points to consider:

• Huobi exchange: HT’s utility is predominantly tied to the Huobi Global Exchange. To capitalise on the token’s perks, it may make sense for the majority of investors to already be using the Huobi exchange or planning on switching to it in the near future. Using Huobi isn’t a requirement for owning the token, but the token's value is closely linked to Huobi’s userbase, earnings and success as a platform. Those that don’t want exposure to Huobi’s ecosystem may wish to invest elsewhere.
• Token buyback: To deal with inflation, Huobi Group has introduced a token buyback program. 20% of the company’s earnings are reserved for this program in an attempt to keep the price of HT somewhat sturdy.
• Competition: The Huobi exchange is one of the biggest trading platforms within the cryptocurrency industry. The exchange provides users with a vast range of trading pairs and earning options. However, quite a number of popular exchanges offer loyalty/rewards in native cryptocurrency. This may deter HT adoption. It could be worth comparing Huobi’s exchange, ecosystem and tokenomics to its competitors' such as Binance (and BNB) or Crypto.com (and CRO).
• Regulatory issues: Huobi’s exchange has been on the receiving end of criticism due to its loose regulations and minimal KYC/AML checks. Furthermore, citizens in America cannot use Huobi’s exchange, so they may want to consider investing in an alternative coin to get the most out of their assets.

Today's Huobi price versus ATH

Compare today's price of Huobi ($2.94 USD) against its all-time-high price of $39.66 USD on 12 May 2021. The closer the bar is to 100%, the closer HT is to reaching its ATH again.

How to trade, convert or sell Huobi

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

1. Sign in to the exchange you have HT on.
2. If you store your Huobi 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 HT you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Huobi.
6. Complete your transaction and move your HT 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.