Review: Huobi cryptocurrency exchange – November 2022

Trade hundreds of different cryptocurrency pairs on the global Huobi exchange.

  • Great for its wide range of cryptos
  • Not so great for its wash trading accusations

Check out our full list of pros and cons or read on.

Not enough reviews Write a review
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

27

Fiat currencies

590

Cryptocurrencies

Details

Product Name Huobi Cryptocurrency Exchange
Fiat Currencies GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD, RUB & 16 more
Cryptocurrencies BTC, BCH, ETH, XRP, LTC, DOT, LUNA, ETC, LUNC, LUNC & 581 more
Deposit Methods Cryptocurrency
Trading Fee Maker: 0.2%
Taker: 0.2%
Deposit Fees None
Withdrawal Fees None

Learn more about:

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD, RUB
  • Supported cryptocurrencies: Approximately 590 cryptocurrencies

Which payment methods are accepted?

  • Cryptocurrency

What’s it like to use Huobi?

Fees and limits

Platform trading fees

The base crypto to crypto trade fee is 0.2% for all pairs. This can be reduced through high trading volumes.

Trade volume (30 day USDT)Maker feeTaker fee
0 to 5 million0.2%0.2%
5 to 10 million0.04%0.060%
10 to 15 million0.035%0.055%
15 to 25 million0.030%0.055%
25 to 35 million0.030%0.045%
35 to 70 million0.025%0.040%
70 to 150 million0.025%0.035%
150 to 300 million0.025%0.030%
300 million+0.015%0.025%
500 million+NegotiableNegotiable

The rate for fiat to crypto trades depends on whether you are placing an order (maker) or are taking an existing order (taker), and the currencies you are trading.

CurrencyMaker feeTaker fee
CNY – BTC/ETH0.0%0%
CNY – USDT/HUSD0.0%0%
CNY – EOS/HT/XRP, LTC0.2%0%
All other trades0.7%0%

Deposit and withdrawal fees

Network fees apply to cryptocurrency deposits and withdrawals, while fiat currency fees will vary depending on the payment method and the currencies.

The withdrawal limits will similarly vary depending on the currency or cryptocurrency being withdrawn, and whether or not you are a verified user.

You can find your limits on the withdraw screen when you are logged in.

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Within minutes

The number of confirmations required for deposits varies depending on the cryptocurrency. It will typically take a few minutes.

Withdrawals

Clock icon for transfer speed

Varies

The number of confirmations required for cryptocurrency withdrawals varies, but it will typically take more confirmations than deposits.

Is Huobi Global safe to use?

  • Regulation. Huobi Global is incorporated in the Seychelles and may not be legal or regulated in your jurisdiction. If you use Huobi, you are responsible for ensuring you are complying with any relevant laws and regulations of your jurisdiction.
  • Verification process. Huobi does not require verification for all users, but reserves the right to request the information needed to verify any customers in line with its AML/KYC obligations. Verification is required for higher withdrawal limits.
  • Security features. Huobi has been in operation since 2013 and it says it follows industry best practices such as keeping ~98% of user funds in cold storage at any given time. It claims to have an “investor protection fund” which can be used to reimburse affected users in the event of a hack.

How do I create an account at Huobi?

Back to top

What else do I need to know about Huobi?

Huobi has been in operation since 2013. It was formerly based in China but has moved around the world as regulations change in different locations.

It’s currently incorporated in the Seychelles.


In a nutshell

Pros

  • Wide selection: Huobi offers a wide range of coins.
  • Good liquidity: As a large and well-known exchange, Huobi has deeper liquidity than many other exchanges.
  • Feature-filled: Huobi offers a range of features such as margin trading, fiat currency order books and more.

Cons

  • Loosely regulated: Trading on Huobi is done largely at your own risk.
  • Not ideal for beginners: The wide range of features and limited regulatory protections mean Huobi may not be an ideal choice for beginners.
Back to top

Compare Huobi against other exchanges

Table: shows partner brands and other brands, sorted by popularity
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
1 - 3 of 14
Name Product Deposit methods Fiat Currencies Cryptocurrencies
eToro UK Cryptoasset Investing
Neteller, PayPal, Wire transfer, Online banking, Debit/credit cards, eToro Money
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK

79
cryptocurrencies

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Capital gains tax on profits may apply.
Koinal Cryptoasset Investing
Credit card, Debit card, China Union Pay, SEPA, Swift or Apple Pay
USD, EUR, GBP

9
cryptocurrencies

Get 10 USDT when you sign up. T&Cs apply.
Koinal lets you buy multiple cryptocurrencies instantly with Visa or Mastercard. 24/7 support and quick verification available on desktop or mobile.
Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

190
cryptocurrencies

Use the Uphold app to trade between 200+ cryptos and other assets in a single click.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

Compare up to 4 providers

Frequently asked questions

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.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site