Huobi was founded in 2014. Its website is available in 9 languages. The company’s official mailing address is in Singapore. It has service centers in Singapore, South Korea, and China. The exchange is available for traders from 130 countries and has over 100 trading pairs.
Huobi registration process consists of three stages. First, the trader provides his/her personal data and Email. After that, the exchange sends a verification code. Then the trader has to provide copies of his/her passport and a photo with this document. Huobi accounts are tied to bank accounts, so the name you provide during the registration should be the same as the name of the account holder.
Margin trading is available. One can borrow coins only for a specific trading pair, a fee is charged every 24 hours and the maximum leverage ratio isn’t disclosed anywhere.
The market charge ranges from 1% to 1.5% depending on the means of withdraw or input. The monthly taker fees are as following:
· Up to 50 BTC – 0.2%
· From 50 BTC – 0.18%.
· From 200 BTC – 0.16%.
· From 600 BTC – 0.14%.
· From 1500 BTC – 0.12%.
· From 5000 BTC – 0.1%.
· From 10000 BTC – 0.08%.
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