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HUOBI – THE EXCHANGE BUILT FOR THE FUTURE - A HONEST REVIEW BY AN USER

HUOBI – THE EXCHANGE BUILT FOR THE FUTURE - A HONEST REVIEW BY AN USER
HUOBI – THE EXCHANGE BUILT FOR THE FUTURE
A HONEST REVIEW BY AN USER
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Leon Li founded Huobi in 2013, a former computer engineer at Oracle. Huobi Global is a digital asset and crypto currency exchange headquartered in Singapore. Huobi also has local exchanges in South Korea, Japan, and through its strategic partner, the United States.
The Huobi Group, the parent company of Huobi Global, has received venture capital finance from prominent Beijing based ZhenFund and American VC firm Sequoia Capital.
The Huobi Global exchange serves traders in 130 countries. Through Huobi Global, traders can access almost 200 crypto and stable coin assets. Huobi users can download trading clients on both mobile and desktop devices.
Huobi has traded over US$1.2 trillion in digital assets, and at one time it was the world’s leading exchange by volume, capturing 50% of all global trading volume.
In terms of security, Huobi has adopted a decentralized exchange structure, which helps to resist DDOS attacks. However, Huobi has implemented the ‘Huobi Security Reserve, in which Huobi has set aside 20,000 BTC reserved for users who have lost funds either due to hacks, or exchange failures.
Ease of use
The UI is clean, user-friendly and perfectly designed with all the basic requirements for a crypto-trader. The charting software is provided by Tradingview, which is exactly what you want.
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Huobi OTC
Huobi’s OTC exchange is a good initiative. The Huobi OTC exchange allows users to trade funds peer-to-peer which doesn’t affect the market price of the underlying asset. The OTC trading-desk, with transfer options like bank-transfers, PayPal, WU, Paytm, UPI, IMPS, Alipay & many others, is an easy to use payment gateway. With a secure exchange to diversify your investment, right next door, too with effective list of Buy and Sell options for BTC, ETH, USDT and EOS coins.
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Huobi Lite
Huobi Lite App provides a convenient channel for everyone to buy cryptocurrencies at the best prices. Tailor-made for beginners, traders, and users.
We can download the App directly from the respective iOS Store or Google Play Store. Alternatively, we may access via the link: https://lite.huobi.com/download
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On Huobi Lite, you can buy Bitcoin with your local currencies, credit card, or exchange cryptocurrencies tokens, with zero fees at competitive prices. Huobi Lite currently supports MYR / HKD / VND / USD (Credit Card deposit only), with more to come in the future.
Huobi Derivative Market (Huobi DM)
Margin Trading
Huobi Global launched Huobi Derivative Market (Huobi DM) exchange to selected countries. It provides margin trading, with very low daily loan interest rates of 0.1%. Margin Trading allows users to increase their investment exposure given a limited base principal to enjoy multiple returns.
3-Steps taken in Margin Trading:
  1. Request for Loan
  2. Trade on Margin (Long/Short)
  3. Repay Margin Loan and Interest
With the introduction of Cross Margin on Huobi, users will have to explicitly input the respective margin type before executing the above 3 steps. Balances on the Cross Margin balance does not show on the Isolated Margin balance.
Huobi Futures
Huobi Futures is a kind of digital currency derivatives. Users can make a profit from the rising/falling of digital currencies prices by going long or selling short based on their own judgment.
The Huobi Futures Contract adopts spread delivery. When the contract expires, all open positions will be closed at the index-based last-hour arithmetic average price, instead of physical delivery.
BTC/ETH/EOS/LTC/XRP/BCH/TRX/BSV/ETC Contracts are available on Huobi DM. Contracts are priced in USD, with corresponding digital currency (BTC/ETH/EOS/LTC/XRP/BCH/TRX respectively) as margin to open positions, and PnL is also settled in corresponding digital currency.
Weekly, bi-weekly and quarterly contracts are available in Huobi DM. Weekly contracts will be settled on imminent Friday; Bi-weekly contracts will be settled on next Friday; Quarterly contracts will be settled on the last Friday of March, June, September and December.
Choices of leverage: 1x, 5x, 10x, 20x
Huobi Perpetual Swap
Huobi introduced Perpetual Swaps on March 27, 2020 (GMT+8). Huobi Perpetual swap is a kind of digital currency derivatives. Users can make a profit from the rising/falling of digital currencies prices by going long or selling short based on their own judgment. Similar to a margin spot market, its price is close to the price of the underlying reference index. The main mechanism for anchoring spot prices is the cost of funds. Perpetual swap have no delivery date. Users can always hold it. Perpetual swap are settled every 8 hours. After each settlement, the realized profit/loss and unrealized profits/losses are transferred to the user account balance.
Partial Liquidation
Huobi Futures adopted partial liquidation to help position holders reduce liquidation risk. Users with large positions and high leverage bear high risk. Huobi Futures releases partial liquidation with the aim to lower possible losses due to high price volatility thus giving users better trading experience.
Under partial liquidation mechanism, when liquidation is triggered, instead of liquidating all positions at once, the system reduces positions gradually till a grade whose margin ratio is great than 0. Full liquidation will only occur when the margin ratio of tier 1 upper limit net position still fails to be great than 0.
Trading Fees
The Huobi exchange has a fair trading fee structure. Every asset traded via Huobi Global is subject to a 0.2% trade fee, for both market makers and takers. Further, Huobi Global has introduced a tiered fee system which offers competitively lower fees for high volume traders. VIP membership gives access to various fee reductions and other benefits.
Huobi Prime
Huobi Prime, the Launchpad platform which we can call Direct Premium Offering (DPO), does share some similarities with initial exchange offerings (IEO) like Binance Launchpad, but it is unique as it is not a fundraising platform, and any coins purchased on the platform are immediately deposited into the users’ wallets and tradable on Huobi Global. Huobi Prime offers its users early access to the coins of premium projects, which can be bought using its native crypto currency, the Huobi Token. To avoid dumping, Huobi has implemented an innovative idea of a period of tiered price limits.
Huobi FastTrack
Huobit FastTrack, rebranded from Huobi Prime Lite, is a new listing model. Wherein, all participants will have a direct say in what projects are listed on Huobi Global and when. In addition, winning voters will get access to quality tokens at below market rates. The program also provides much needed exposure and a straightforward listing process.
Huobi Wallet
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Huobi Wallet is the official mobile wallet of Huobi Group, a leading global digital asset financial service provider. It is a multi-chain asset management tool that provides native support for various types of blockchains and all of the ERC20 tokens. So far Huobi Wallet supports BTC, BCH, LTC, ETH, ETC, USDT and all ERC20 tokens.
Huobi wallet is the first wallet to expand support to cover seven stablecoins including, Paxos Standard Token (PAX), TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD), Dai (DAI), Stasis EURS (EURS), and Tether (USDT).
Huobi Wallet is built based on the core principle of security-first. The wallet gives back its users, complete control of their private keys. In simple terms, You own your assets. The wallet is backed up with mnemonics, so in future when you want to import your wallet, it’s just simple few clicks.
Currently, the wallet is compatible with both iOS and Android devices and you can download both from here (www.huobiwallet.com/en)
Huobi Chain
Huobi launched Huobi Chain’s Testnet (“the Testnet”) on February 29th 2020 (GMT+8). Huobi Chain is China’s autonomous cum compliant-ready blockchain platform, and is committed to providing a global, blockchain-based, digital asset infrastructure. Huobi Chain is committed to providing a high-performance, blockchain-based, global digital asset infrastructure. Once the Mainnet goes live, Huobi Chain will announce HT- related events: e.g. pledge HT to be a Super Node, etc.
HT Lock & Mine (Huobi Pool)
Huobi launched HT Lock and Mine operations on 25th July 2019 (GMT+8). Users who lock HT tokens receive daily HPT rewards. Specific reward quantity will depend on lock option period selected, quantity locked and Huobi Pool’ s mining hash power and daily float.
DPOS Rewards: All Huobi Global users with more than 1,000HPT holdings in their HBG account will receive DPOS mining rewards. Currently, token reward received under DPOS mining include EOS, TRX, CMT, ONG, IOST, ATOM, IRIS, LAMB。
Huobi Support
Users of the Huobi exchange can access 24/7 live chat and Huobi help center. Those facing issues can also open a support ticket to have their issue resolved by an expert representative immediately.
The Huobi Group has a very active YouTube channel, featuring Huobi Talk, where it posts user tutorials, detailed guides, and crypto currency information for traders.
What I like the most about Huobi
  1. An established platform that’s been operating since 2013, which is a long time in the crypto world.
  2. Highly secured with decentralized exchange structure, which helps to resist DDOS attacks. Huobi has never suffered a large hack.
  3. Huobi Security Reserve of 20000 BTC to compensate users’ loss of funds.
  4. Dedicated, fast and 24/7 customer support.
  5. Regulated in major jurisdictions.
  6. User interface is very smooth and clean.
  7. Over 230 crypto assets are available.
  8. User education program is good initiative.
  9. Separate trading desk for institution and firm size users.
  10. Very transparent about its operations, listings and projects.
  11. Huobi Wallet is secured and very easy to operate.
  12. Huobi mobile app is smooth and very easy to use.
  13. Competitive fees.
  14. Has taken serious steps towards avoiding wash trading.
  15. Impressive array of trading pairs.
  16. Has given more important on community participation, like voting for listing, mining pool, Huobi Knights program etc.
  17. I like Huobi Prime because of following reasons: -
(a) Purchased tokens are immediately deposited into user’s accounts,
(b) As projects launch exclusively through Huobi Prime from day one, all users get assets at the best price.
(c) Tiered price limits on the platform protect both investors and projects from immediate dump.
  1. Huobi screen projects and launches which are only the best. I don’t have to worry about poor or scammy projects.
  2. Burning of HT is a great move and it would benefit long term holders.
Join Huobi by click here: https://www.huobi.com/en-us/topic/invited/?invite_code=7zkb4
Visit
Huobi Global: https://www.huobi.com/en-us/
Join Indian Group: https://t.me/huobiglobalindia
Global telegram Channel: https://t.me/huobiglobalofficial
Join Huobi by click here: https://www.huobi.com/en-us/topic/invited/?invite_code=7zkb4
submitted by VinayTM to HuobiGlobal [link] [comments]

DONATE NOW to get the word out about Myriad to a relevant audience of 6k-8k people!!!

Let's Talk Bitcoin is wrapping up their 51% attack series this Friday. I'm in the process of trying to get Myriad to sponsor this episode which would entail the host Adam researching Myriad then talking about us and our projects for about 45sec to a minute.
Personally, I think this is a big deal. There are still so many involved with crypto and Bitcoin who've never heard of Myriad. And this is the perfect time as they will be thinking about the issue that multi-PoW mining of a blockchain can potentially solve.
Foodies is on board with this and Neuromode's been meaning to setup a bounty for this as there were a number of community members offering to pledge. Unfortunately time is running out to get on the next episode about the 51% issue so I'm going to cover the .08 btc myself to get the ball rolling. If anyone's interested in donating for this, you can send myr directly to me here MTsm1SwZNSZyVyXVcX3huASg37JanQmuJp
EDIT: this is for a bid for that spot on that episode. If our bid doesn't win I'll return the myr you donated back to you.
EDIT 2: WE'VE REACHED 81000 MYR. NO MORE DONATIONS ARE REQUIRED! Thank you everyone! Our community is awesome!
You can keep track here http://letstalkbitcoin.com/forum/post/auction-air-time-on-lets-talk-bitcoin-two-45-second-sponsorship-slots-for-episode-128-due-to-air-7-18-auction-closes-at-noon-on-7-17-1200-pm-pst?page=2
EDIT 3: WE WON!!! http://www.reddit.com/myriadcoin/comments/2azkbh/update_on_ltb_sponsorship/
submitted by kuui1 to myriadcoin [link] [comments]

New reddit and IRC bot (and hopefully soon Twitter)

I've been running a bot for a few weeks now that seems very stable and works on both freenode IRC and reddit (and accounts can be linked between the two). I'm hoping to add support for Twitter in the next couple weeks as well. Leave a comment here and I'll send you a tip for "testing". Also, please remember to not use the bot as a wallet, and treat it as you would an exchange. Here are the instructions I've got posted on the /myrbot wiki:

myrbot documentation

Intro

How It Works

To tip another user, use the syntax: "+amount myrbot" in reply to their comment or post. So, to tip someone 100 MYR, you would reply "+100 myrbot"

IRC Commands

For these commands, the command is preceded by an exclamation point, arguments in <> are required, and arguments in [] are optional. Examples are given for each command as well.
Tipping
Depositing funds
Withdrawing funds
Raining
Dice game
Blackjack game
Event betting
Link accounts
Info commands

Reddit Commands

All IRC commands work on reddit by PMing myrbot with the command in the message body except rain and rainactive. Additionally, you can tip a user in a comment thread by replying:
Some Advantages of myrbot

I'm New to This - What are Cryptocoins?

The Basics
Cryptocoins (Bitcoin, Litecoin, Myriadcoin, etc) are various peer-to-peer cryptocurrency networks that are used for payment processing. Peer-to-peer cryptocurrency to banks is what BitTorrent is to downloading a file from a website - there are many peers in the network and everyone agrees on a set of rules. Bitcoin is the original cryptocurrency that has the most acceptance and market capitalization. All other cryptocoins have similar underlying structure to Bitcoin, but bring some technical improvement that makes them more fit for particular purpose.
Here are some well-known Bitcoin exchanges to buy/sell Bitcoins and trade for Myriad:
I Have More Questions!
Visit /myriadcoin on reddit or ##myriadcoin on freenode IRC and ask away!

Warning

This service is in BETA. This service is provided "as is" without warranty of any kind, either express or implied, including, without limitation, the implied warranties of merchantability, fitness for a particular purpose, non-infringement, error-free or uninterrupted service. You are using this service at your own risk; in addition, the coins in your account are only as secure as your Reddit account is. Do not hold large sums of coins here; simply withdraw or tip others.
Let me know if you have any questions or comments!
submitted by jwinterm to myriadcoin [link] [comments]

Giveaway. Lets reach 300 subs =)

I have put in 200 myr into this giveaway to start it off (generously donated from reddit user kuui1). If you would like to add more just send it to my myr address MJzf8oXHSEy5FNTuRsTGjXWYqcHoZobko5 (should be a flair also) and pm me so I can display your amount donated =). The prizes will be handed out when the goal of 300 subs has been reached =), Also there will be 6 winners total. 1 grand winner (50% or the total stash) and 5 other smaller winners (10% of the stash). Lets get this going. Please leave a comment to enter the give away and sub if you want to win faster =)

Donors

Kuui1- 400MYR!!!
Neuromode- 2000MYR!!!!!!!
Illuminatiman- 2500 MYRIAD!!!!!!!!!!!!!!! =D

*Total Confirmed

4900 MYR
THOSE WHO ENTERED nissoPT neuroMode boyinice mancool110 WeGi BmHTbVNj4l kuui1 VeritablyClean illuminatiman Jai1 stevridie motorcyclemichael Tujin timetosuccumb BitcoinMafia Cryptowereld feedthedolphins

WINNERS

50% - feedthedolphins
10% - neuromode
10% - kuui1
10% - mancool110
10% - boyinice
10% - motorcyclemichael
THATS IT FOR NOW. PLEASE JOIN THE 500 SUB CONTEST. =D
submitted by boyinice to myriadcoin [link] [comments]

Populism • Philosophy • Maximum Inclusivity + Decentralization : the Global Long View and and why MYR remains excellently poised to succeed

Thought I'd take a moment to contribute a post focused on discussing on the long term vision / outlook for MYR, to stimulate a collective re-consolidation of our principles and ideals as a community.
Like many of you I entered the world of cryptocurrencies in a rush of excitement considering how the innovation of shared blockchains has the potential to revolutionize human society by permanently undermining / negating the influence of corrupt financial institutions and governments in our collective economic affairs. Never in human history so far as I'm aware has the general populace been in control of or had any real oversight over the issuance of money, which has historically allowed the political class to run completely amok stealing everyone's wealth by decree, starting wars nobody wants, and subsidizing massive enterprises with no purpose besides extracting wealth from workers and transferring it to an already insanely wealthy plutocratic class.
Cryptocurrencies can put a stop to ALL of that, by bringing full accountability, transparency, and privacy to our economic systems. It will be structurally impossible for governments to fund unpopular wars or subsidize companies like monsanto if they no longer have the ability to create money at will in unlimited amounts and give it out to whomever they please with no accountability. It will be structurally impossible for governments to impose taxes and fines on the populace as they do now once everybody switches to using cryptocurrencies. This is an idea so powerful and so appealing to the overwhelming 99% of humans alive today I don't think it's very conceivable the progress of cryptocurrencies can be stopped. This is truly revolutionary.
It seems to me the banks and governments must fully realize the significance of the situation at this point, and unless they plan to destroy the internet itself somehow the only path for them to maintain control = getting onboard and establishing a controlling stake in these emerging systems. From the perspective of the 99%, Bitcoin is an awesome first step but already looks fatally flawed by the fact that anyone able to invest billions in mining hardware can manipulate the system with no accountability. Rest assured banks and governments have billions to spare and plenty of motivation so this doesn't look good. PoS coins likewise are structurally set up to re-create the kind of wealth-begets-wealth system we currently have, thus a complete dead-end in the long run even though speculators and miners are enjoying the short term pump-n-dump benefits now.
So if we, the global populace who yearn for a better world characterized by genuine liberty and equality, peace, decentralization, and fairness are to seize the golden opportunity now standing before us, we have to be conscious of what the end results of our efforts should look like and reverse engineer a plan of action which will get us there. THIS IS WHERE MYRIADCOIN COMES INTO IT'S FULL POWER.
I'm not presently aware of any other single alt-coin genuinely planned to produce the best possible outcome for the 99% of humanity who will use crytocurrencies to transact in the future. The multi-PoW concept MYR has innovated already solves the most serious problem Bitcoin faces = the centralization of mining power into just a few hands. If the MYR community can rally our efforts to make 2-click mining via a simple GUI in the wallet software a reality this would completely break things open and distribute the network so far and wide across so many devices controlled by different parties it would definitely create the most robust and resilient system out there.
The SMS wallet platform MYR's devs are developing now specifically targets the underbanked in the so-called "developing world" who don't have access to all the fancy hardware we're using to surf reddit. If this project succeeds it has the potential to reach in and grow deep roots in a truly vast market all the other coins have thus-far ignored, a market which dwarfs anything seen thus far in terms of potential investment and transaction volume (even if the individual amounts are minuscule denominated in $, they will add up into the billions or trillions if people in places like Brazil, Africa, and the Asian sub-continent begin using this system). The Prypto gift-card / cell-phone shop reseller network presently under development seems like a great and bold first step toward this to me, encouraging.
Which is to say : right now most everybody who understands crypto is distracted chasing after a quick buck, there's easy money to be made and people want that, they aren't thinking about all this or making investments based on political or socio-economic motivation, but when we consider the long-term consequences of all this activity it's nothing short of a total, fundamental revolution in how the global economy will function. People all over the world are tired of being exploited and bullied by repressive, dishonest, unaccountable institutions. As recognition grows that a true revolution is underway people will begin to ask themselves : What kind of revolution do we want? Most people have very little to nothing to lose and so will naturally incline toward whatever systems seem most genuinely set up to produce structural fairness for the greatest number of people. Right now MYR is the clear winner in this regard when we survey the cryptocurrency field. So even though the price may fluctuate in a way we perceive as negative in the short term, this coin still has explosive potential and a group of talented developers who have already proven their capability to deliver robust / mindfully designed innovations. We should feel reassured by this and breathe deeply while calmly riding out the ups and downs, confidently conscious of the clear, unique advantages MYR presently possesses and promises in the near future, which the market hasn't actually recognized or acknowledged yet. So long as we continue moving toward these stated long-term goals, we remain track for positive trends in the future.
For sure history suggests those with the noblest ideals don't always win so who knows what will happen? But then again as it's said there's nothing so powerful as an idea whose time has come. Lets stay focused on the big picture and remember this is about more than the daily price of MYR and short term profits. Let's support the development team working so selflessly in whatever ways we can to help make the SMS wallet and 2-click mining a reality. If we do, beyond any doubt a lot of people will take notice of these impressive, intelligently-motivated accomplishments and we'll all see a profit on our investments as a by-product of having the foresight to recognize just how ultimately powerful the intrinsic yearning for fairness and inclusivity held in the hearts of global humanity really is. When the smoke clears, those operating from the outset according to the principle of fairness rather than profit motive will stand victorious, I believe the zeitgeist of our times strongly favors this.
tl;dr INTENTIONAL MAXIMUM POLITICAL & ECONOMIC INCLUSIVITY ftw.
submitted by iofthebeholder to myriadcoin [link] [comments]

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Conversion from 1 Bitcoin to Ringgit with latest exchange rate and cryptocurrency price. Also, view 1 BTC to MYR result in BTC-MYR overview table and BTC/MYR chart. This is real-time market price of Bitcoin in Malaysia. Calculate how much is 1 Bitcoin in Ringgit with a conversion calculator. How much is 1 BTC (Bitcoin) in MYR (Malaysian Ringgit). Online exchange rate calculator between BTC & MYR. Currencio — Cryptocurrency Converter. BTC/EUR: Aktueller Bitcoin - Euro Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs BTC in EUR. Wollen Sie wissen, wie viel Bitcoin 1 WINk ist? 1 WIN zu BTC Rechner: Wechselkurs-Preis. Hier können Sie die Börsen überprüfen, an denen Sie mit WINk zu BTC Paaren handeln können. — Alistair Milne tweeted that he planned to giveaway 1 Bitcoin in a wallet generated using a 12-word mnemonic. — With 8 known words there are 2⁴⁰ (~1.1 trillion) possible mnemonics.

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