Review of a Popular Centralized Exchange, Huobi Pro and it's Exquisite Features

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Greetings Everyone,
I know the zeal isn't there like before but we have to keep Steeming to achieve our goals. Here before you is Rasheed with another Fintech special for this community. Today we will be reviewing another great centralized exchange which is barely recognized and acknowledged in the crypto verse today. Huobi pro is what we would be looking at for today and I'm sure you are all going to love it so let's dive right in.

The app really is a complicated one and with so many features so I would make the work lighter by talking about the features on the home screen which are the main and the most used features. They are actually in competition with Binance when it comes to large exchanges and although Binance is in the lead, I would say the Huobi team are doing a pretty good job. The application is available to all smart phone devices and it's fast and effective. Let's have a look at it. We would divide the review into two sections on the mid screen.

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1st Section

Deposit :

_{This icon takes you to the section where you can deposit both fiat and/or tokens. For depositing fiat currencies, you search your country and select the payment method but for depositing tokens, you search for the particular token then select the network then copy the contact address.}

Trading Bot : _{This is where one can create and plan their trading strategies. Others trading strategies are also made available to you incase you want to clone it so that if it hits, all those who partook in the trade cloning would make sufficient profit}

Futures :

_{This takes you to the derivatives section which is for those who are into futures trading. This is a complicated section and one can lose lots of money if not experienced so we are warned to go through the Huobi beginners guide before doing anything in this section}

Huobi NFT : _{Just like how Binance has their own NFT marketplace, Huobi has a section for minting and buying NFTs to the users of the exchange. Most of the NFTs are available in USDT.}

Huobi Earn :

_{This place is specially for ways one can earn API from locking crypto currencies. It can be newly listed tokens or old tokens. Majority of them carry a fixed date so you can only earn your API when the maturity date is reached. It is usually 7 days, flexible, 14, 30, 60, 90 days to 365 days.}

Huobi Live : _{Here users can hold live videos to showcase their crypto game play, educate users, share news with users and other cryptocurrency related issues. There are alot of available lives to join so it's up to the user to decide}

Newlistings :

_{This icon let's one know all the crypto currencies that would be listed into the Huobi centralized exchange as well as the project and the time before it gets listed and the newly listed ones. This section also contains airdrops of different tokens which users can win on the platform.}

Rewards Hub : _{This icon takes us to the reward section where you complete missions like logging in daily, trading specific amounts and win rewards in SHIB, coupons, cube badges and so on. These cube badges can be exchanged for better rewards in the cube mall}

Referral :

_{As an ever growing platform, they treasure new members and give special treatment to the referrer and the referred. The higher the referrals, the higher ones chance of winning free USDT. The referred also enjoys benefits like 10% less transaction fees. Your personal referral link and referral code would be made available to you here}

Trade Spin :

_{This is an event where you complete missions like carrying out trade activities worth $500 on the platform this you do inorder to win free spins. On this spin wheel, candy named jumbo is made available. Winning these in large amounts increase our chances of getting the USDT prize.}

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2nd Section

Options

_{There are two types of options in this section which is the call option and the put option and these options are specifically American options. The call option is used to buy the specific coin at a specific price and at a given time in the future. The reverse is the case in the put option as this involves selling a specific coin at a specific price and at a given time in the future.}

Margin

_{Here one can use a limit, market and stop limit trading order to carry out their margin trade. An investor who doesn't have enough funds can take a crypto loan to complete the trade then payback during a specified period. For those who are familiar and used to margin trading, this is the ideal place for you}

Dual Investment

_{This feature allows one to invest two currencies (let's say BTC and USDT) hence the name dual. There is no subscription period, it is fully customized and it let's investors to gain passive income. There is a strike price, a callable price, annual percentage return and so on.}

Chat

_{This section simply helps one communicate with the Huobi team which are ever ready to serve you. If you have any complaints or experience something suspicious, you can get to the team through this means.}

Huobi Learn

_{Huobi Learn is a series of articles directed at helping people at different levels of the platform acting as a guide to help them start their crypto journey. It answers questions like the kinds of trade available and how to trade as well as how to keep your account safe and so on}

Crypto Loans

_{Crypto loans are made available to verified users on the platform and inorder to take a loan you need to submit a request and also have the collateral to submit for the loan then when you are ready to pay back within the specified period, you would pay with interest. This feature helps users to add to their capital so they can land massive profits}

Staking

_{There are currently 13 cryptocurrencies which can be staked in the Huobi platform for a nice APY and earnings per day. It helps one earn by locking their crypto currencies so it can earn for them instead of just holding them in their wallets lying dormant.}

More

_{Last but not the least we have the more function which is the summary of all the functions on the home page. As you can see everything we have talked about up until now are available here on the more functions page.}

Final Remarks

I guess this is the end of this post for now. With the numerous and complexity of the platform, I would have to make this post over 3000 words but no one would read to the end so I had to drop this first one. The Huobi app is still growing and bringing in more innovative ideas inorder to rival their competition, Binance. If you been looking for another exchange to tryout, why not give this one a look. Thanks for reading ⭐

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_{All unsourced images are screenshots taken from the Huobi pro android application
10% to @tron-fan-club}