HUOBI – THE EXCHANGE BUILT FOR THE FUTUREsubmitted by VinayTM to HuobiGlobal [link] [comments]
A HONEST REVIEW BY AN USER
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.
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.
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
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)
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:
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.
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.
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, 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.
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 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 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。
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
(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.
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
!tip cryptapus 100This will tip user cryptapus 100 MYR.
!depositThis command will have myrbot PM you a deposit address.
!withdraw MLaMWLvFJMai3czhrK6peenVT2S2hFgmUi 100This will withdraw 100 MYR to MLaMWLvFJMai3czhrK6peenVT2S2hFgmUi. If the amount is omitted, all available funds will be withdrawn.
!rain 100 10This will rain 100 MYR on 10 randomly selected users in the IRC channel. If # of users is omitted, it will rain on all users in channel.
!rainactive 100 10This will rain 100 MYR on any users in the IRC channel that have been active in the last 10 hours.
!dice 100 2This will risk 100 MYR on a dice roll with a multiplier of 2x (you win double the amount risked). You have to roll under 0.495 to win (1% house edge, and default under).
!dice 100 10 overThis will risk 100 MYR on a dice roll with a multiplier of 10x (you win ten times the amount risked). You have to roll under 0.901 to win (1% house edge, and specified over).
!blackjack 100This will risk 100 MYR on a game of blackjack. You will be dealt two cards and see one of the bot's/dealer's cards. If you don't win or lose immediately (you or dealer gets blackjack), then you will have the option to !hit, !stand, !double, or !split until the game is finished.
!bookThis will list the available bets in the book at the moment, and the possible outcomes you can bet on with the current amounts wagered. For instance, Book #3 is (Bitcoin_hardfork_before_2017-01-01): Yes_hardfork_happens (500 Myriadcoin), No_hardfork_happens, which is a bet on whether or not Bitcoin hardforks before 2017, and there is currently 500 MYR bet on Yes_hardfork_happens.
!bet Bitcoin_hardfork_before_2017-01-01 No_hardfork_happens 100This will place a 100 MYR bet that Bitcoin will not hardfork before 2017. Books can be added and closed by the bot operator (jwinterm). If there is something you would like to see added just PM me on reddit or IRC. Winners will divide the winnings proportionally to the amount they bet.
!link_account reddit:jwintermThis command can link your reddit and IRC/freenode accounts. You would run the above command from freenode IRC, and then the bot will request you run the same command from the reddit account you want to link by PMing myrbot.
!helpThis will give you a general help overview.
!commands diceThis will give you an overview of the dice module commands. If no module is specified, it will give you an overview of all available modules.
!priceThis will give you current price info from Poloniex and Bittrex.
!networkThis will give you the current block height, and the difficulties and hashrates for the five algorithms.
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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