Spotlight on huobi | get to known about huobi crypto savings -13 December 2020, by chimezunem001

Am here again with another exciting topic to write about, houbi has so many features as an exchange which made it to complete with other exchange.

Huobi exchange doesn't offer only trading Today we will look at one of the features which is saving your cryptocurrency. Please read through to all about huobi crypto saving. This post is set up on 100% powered up

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INTRODUCTION

source

Huobi savings is digital asset account that enable us to earn interest.
Crypto can be deposited, and give you a chance to earn a standard interest in return. Crypto saving can boost your earnings.

In saving your crypto your return rate depends on the type of coin, and the kind of account you have also, how long you save it as it is been lend to trusted individuals and financial institutions, companies, investors in the case of blockfi as they generate interest with the asset held.

the main purpose of cryptocurrency savings accounts is to help investors earn money on their asset while holding it.

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Normally huobi offers two types of savings account which are

• the flexible savings
• the promotion savings

I'll be explaining in details how these two major savings on huobi exchange works.

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FLEXIBLE SAVINGS

It an account that provide service financially, this flexible enable its users to buy crypto and save with the earn to earn Income daily and interest also. In flexible saving its users can deposit the amount of their choice for interest account subscription.

PROMOTION SAVINGS

Promotion is another type of Savings account on Huobi which enables users to earn while saving their digital assets on that account. It has almost the same earning rate with flexible savings but the difference is that once you successfully subscribed for a promotion order, you won't be able to redeem anytime you want

rather you will only be able to redeem your savings into your exchange account after the subscription expires. The Flexible Savings allow early redemption, but not available for Promotion Savings until it expires.
Image for post.

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NOTE: that you can also calculate your earnings

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Since, the earnings is not stable calculations can be be done daily. You can immediately start your calculations a day after you have submit or have subscribed to saving account. Also note that what you have earned will only pay out in two days after the purchase of saving package. The pay out will continue till its value is matured.

We have compound earnings too which allows users to reinvest the interest they have earn ie when you don't want to withdraw your interest you reinvest to earn more. This is really great but this option can only be found on flexible savings.

In flexible your earning goes straight into your exchange account automatic every day. Also when you remove the automatic subscription your asset from the exchange account will move to your flexible savings automatically.

For those who really want to go into flexible savings here is the few things you have to note.

• you can withdraw your asset anytime you want it.

• their is always a reactivation of subscription automatically that keep earning you interest

• this package is only for those who want to withdraw their money every time.

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What to note on promotion savings too is that

• you will have to save your asset very long, ie not having access to it like the flexible, it help you save your money for a certain time.

• for users who want to trade for higher interest.

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HOW TO SAVE YOUR CRYPTO ON HUOBI

1 Houbi has a domain name which is www.houbi.com visit the website and login if you have and account if you don't have you crate one I made a post how to crate account on huobi. click how to sign up.

it on flexible savings, you can still change it to promotion.

2 After signing up you verifify your identity, once the site is open you click on wealth management and click savings

3 As the main page has shown up in the above image, view the available product and them purchase either flexible saving or promotion.

4 click on saving account to display the asset page.

The savings account is at the top right corner click the above image is what you will see.

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You can now make your deposit, buy and save and earn lot of interest. I have come to an end thanks once more fore reading through.

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Written by @chimezunem001