Spotlight on Huobi Challenge :A Beginner’s Guide to Huobi

Introduction

Huobi global is one of the top 3 cryptocurrency exchanges in the world today. Huobi is an exchange platform based on Singapore and word “Huobi” means “Currency” in Mandarin language. It was started in the year of 2013 by Leon Li with only 10 staff members and reached a recorded daily trading volume of 380000 bitcoin on 2014. Today around 100 of different crypto currencies and tokens are traded on this platform. It has around 500+ verified active markets and around 20 unverified active markets. Huobi exchange can be considered as one of the safest exchanges at the movement. It has a very comfortable user interface , intervention fund and transactions are very efficient. Huobi trading applications are available for all iOS Android, Windows, Mac devices. It’s a wonderful exchange to start your trading life.

Let's start trading on Huobi

To start trading on Huobi exchange platform , you need to create a account first. Visit here : Huobi exchange’s website . You will be directed to following page.

_{[image source]- https://www.huobi.com}

After visiting the home page of the official website , on the left side top , you will see a signup icon as follows. Click on that icon and then you will be directed to a signup page.

_{[image source]- https://www.huobi.com}

To sign up to Huobi exchange platform you need a valued email address. Fill the details requested correctly. Note that, phone number and nationality cannot be updated after this initial signup stage. So fill the email, mobile number and a strong password. You have to ensure that provided information are correct and accurate to prevent issues with account creation.

_{[image source]- https://www.huobi.com}

To sign up to Huobi exchange platform you need a valued email address. Fill the details requested correctly. Note that, phone number and nationality cannot be updated after this initial signup stage. So fill the email, mobile number and a strong password. You have to ensure that provided information are correct and accurate to prevent issues with account creation. And you should be very careful when creating a new password for Huobi. We know today hackers target exchange wallets most of the times. So it’s very important to provide a strong password. Always avoid creating simple password. Make it contain number, alphabets and other symbols like $#^&%*. And make sure not to use any pattern when using numbers and alphabets. Make them disorder as much as possible. This will increase the security of your exchange wallet. After email verification step you can sign in to the exchange platform simply entering your email address and the password you provided at initial signup stage.

_{[image source]- https://www.huobi.com}

Now you have created a Huobi exchange account. It’s the first and most significant step in your trading life with Huobi exchange. Even Huobi exchange is a good platform for pro traders, it’s really comfortable for newbie traders compared to other leading exchanges. I think Huobi exchange is in successful in making it a good user interface for both pro and newbie traders. I’m going to explain you each and every selections and there use cases in this user interface.

_{[image source]- https://www.huobi.com}

After signing in the first this you must do is select the language which you comfortable with. Houbi support more than 10 different languages and you can translate the website to them whenever you need. You can find it in the top left corner of the website.

_{[image source]- https://www.huobi.com}

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Let's Secure Your Huobi Account

Houbi exchange holds lot of money of its users. This exchange haven’t been hacked for last 5 years and Houbi exchange can be considered as one of the most secured exchange platform. But hackers will be able to hack your Houbi wallet if your device is compromised. We need to take security steps to avoid such situation. There are two extra security layers which you can use.

1. Google Authenticator
2. Mobile phone number

_{[image source]- https://www.huobi.com}

You can download Google Authenticator application very easily for both iOS and Android. This application based on the device you install it. So any damage or losing of the device can be an issue. So always make sure to keep backups. And you can keep it active on multiple devices too. Activating Google Authenticator is a very strong move to secure your funds.

_{[image source]- https://www.huobi.com}

Conclusion

Houbi exchange platform is beginner friendly. At the same time it’s a complete exchange with all the trading tools which pro traders and analyst would need. Houbi has a reserve fund which will work as an insurance fund to cover up losses in a hacker attack. These feature make it a safe exchange for users and users will get a smooth and efficient trading experience.

References

[1]Huobi Exchange Review 2020: Safety, Security, & Features Examined
[2]Beginner’s Guide to Huobi – Complete Review
[3]A Beginner’s Guide to Huobi-blockonomi.com
[4]Complete Beginner's Guide to Huobi Review - Is it Safe?

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