Cryptocurrency exchanges oversee the trading and sometimes valuing of cryptocurrencies, and form an integral part of the industry. There are various types of exchanges, with some being centralised and others decentralised, but their role is almost always the same. The difference lies in the way that transactions are carried out.
Investing or trading in Bitcoin or other cryptocurrencies can be intimidating at first. There is frequently news about scams and people losing money. While this is true, and many scams have happened and continue to happen, it has never been so simple to invest in cryptocurrency. So much has advanced in the last few years that have made crypto trading safe and easy.
The foremost concern when trading and purchasing Bitcoin,
Introduction of Huobi
As a world-leading company in the digital economy industry, Huobi Group was founded in 2013 with a mission to make breakthroughs in core blockchain technology and the integration of blockchain technology and other industries. Huobi Group has expanded into public chain, digital assets trading and wallet, mining pool, proprietary investment, incubation, Digital Asset Research etc., and established a global digital economy industry ecosystem, by investing in over 60 upstream and downstream companies in the blockchain industry. Huobi Group is working with Argentina, Russia, Thailand, Nigeria and many other countries on the development of blockchain technology and real-world blockchain applications.
As a digital assets service provider, Huobi is far ahead of its competitors in establishing a global network of licenses. It has over 1,300 employees and established subsidiary companies and partnership companies in 12 countries, including the U.S., Japan, Thailand, Gibraltar, etc. The Huobi team is dedicated to providing safe, professional, trustworthy, and world class services to its global clients across 170+ countries.
The milestones of Huobi development
Why recommend Huobi?
1. A World Class Security System
- Secure and reliable class services
- Six years of experience in digital asset services
- Decentralized structure and anti-DDOS protection system
2. Local Operation Teams Across the Globe
- Global Ecological Layout
- Local trading service centers in many countries around the world
- Blockchain ecosystem featuring integration of multiple business forms
3. Remodeling the Crypto Exchange
- Users first
- Develop compensation first system
- Develop User Protection Fund
Huobi has the most multiple functions
When opening huobi.com, there are some categories on the top, users can trade what they like. And because many new crypto users dont know how to buy bitcoin and other cryptocurrencies, so huobi put the easy buying channel on homepage, it's so nice!
And the following are some banners, you can join as many campaigns as you like. What I always join is airdrop campaigns, hahaha, because it is easy and interesting.
What I am participating in is the “Trade To Share Airdrop- Up To 18000 USDT For Grabs”, if you are interested, join with me!
https://support.hbfile.net/hc/en-us/articles/900003105743
What’s more, huobi’s welcome bonus is 170$, awesome!
You can learn more from https://www.huobi.com/en-us/topic/welcome-bonus/?inviter_id=11329520
Huobi's User Experience is exceptional when compared to other altcoin exchanges, although not perfect. The website itself is easy to navigate and strikes a nice balance between functional, visually pleasing and elegant. The customer service surprised us, in a good way - the live chat representative became available very quickly and did their best to answer our questions.
The functions i like most
Spot trading
Huge variety of trading pairs, with Huobi, you almost never have to see the same digital asset twice if you don’t want to, there are more than 700 cryptocurrencies. That’s because the exchange boasts an impressive array of trading pairs that you’re probably unfamiliar with as a westerner. Huobi’s selection puts a big emphasis on projects from Asia and, as such, is usually the first landing for many up-and-coming coins from Korea, Singapore, and China.
OTC
There are so many merchants that we can buy USDT、BTC directly by fiat currency, and the transaction is much more safe and quick, that’s also the important reason that i love huobi.
Customer Service
It’s crazy how fast Huobi responds to customer claims. Contacting Huobi regarding account issues often means you can expect a response within the hour. That quick response time puts it well above any other exchange.
Huobi User Protection
Similar to Binance’s SAFU, Huobi funnels profits into its User Protection Fund as an insurance policy against hacks, thefts, and other unforeseen events that affect users’ wallets. As a customer, this is a huge plus because it means you can feel relatively assured that if something goes down well beyond your control, you’ll be safe and sound with Huobi presumably restoring you to rights.
Huobi futures
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 adopts spread delivery. When the futures expires, all open positions will be closed at the index-based last-hour arithmetic average price, instead of physical delivery.
And its liquidity is perfect for me to use, i never lose money because of system bugs. So it's safe that we can trade any time and anywhere.
HT
HT(Huobi Token), the only token that Huobi officially launched, it can discount trading fees based on your HT holding level. Holding HT to join activities of Huobi. No one enjoy more privileges than you!
And HT has a destruction mechanism，it refers to repurchase and burning of 20% HT of Huobi Global and Huobi DM's revenu. Among them, 5% is used to burn the HT of "team incentive", and the HT of "team incentive" is no longer in circulation. The mechanism of destroying HT every month will reduce HT circulation.
I have held HT for more than 2 years, and I will hold it for a long time, HT to the moon!
In order to make the list of reputable cryptocurrency exchanges, a platform needs to operate in a safe and secure environment. There are many ways to achieve this, such as by abiding by industry best practices, complying with regulation, and implementing a strong firewall.
Some of the best exchanges also decide to be based in countries that are creating cryptocurrency legislation. By doing this, they can attract cautious traders who prefer dealing with a company that operates within a regulatory framework.
What to look out for before joining crypto exchanges
It’s important to do a little homework before you start trading. Here are a few things you should check before making your first trade.
Reputation – The best way to find out about an exchange is to search through reviews from individual users and well-known industry websites. You can ask any questions you might have on forums like steemit.
Trading Fees – Most exchanges should have fee-related information on their websites. Before joining, make sure you understand deposit, transaction and withdrawal fees. Fees can differ substantially depending on the exchange you use.
Payment Methods – What payment methods are available on the exchange? Credit card? Debit card? Wire transfer through your bank account? PayPal? Can you trade with USD EUR? If an exchange has limited payment options then it may not be convenient for you to use it. Remember that purchasing cryptocurrencies with a credit card will always require identity verification and come with a premium price as there is a higher risk of fraud and higher transaction and processing fees. Purchasing cryptocurrency via wire transfer will take significantly longer as it takes time for banks to process.
Verification Requirements – The vast majority of the Bitcoin trading exchanges both in the US and the UK require some sort of ID verification in order to make deposits & withdrawals. Some exchanges will allow you to remain anonymous. Although verification, which can take up to a few days, might seem like a pain, it protects the exchange against all kinds of scams and money laundering.
Geographical Restrictions – Some specific user functions offered by exchanges are only accessible from certain countries. Make sure the exchange you want to join allows full access to all platform tools and functions in the country you currently live in.
Exchange Rate – Different exchanges have different rates. You will be surprised how much you can save if you shop around. It’s not uncommon for rates to fluctuate up to 10% and even higher in some instances.
That's all my sharing about Huobi, i love Huobi and i will support and promote Huobi forever, hope more and more people will fall in love with Huobi!
Thank you
~LOL~
hi, @steemcurator01 , i wanna to ask why so little upvote on my post, i spent much time on it, and the first 2 images are made by myself, all of the work cost time and energy you know, but as a new steemit user, i think you should engage users like me, shouldn't you? So i am asking this and hope you can notice my words. thank you~
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@steemcurator01 -PLAGIARISM
Hi @steemitplanet, you have copied and paste from different web sites:
https://www.cryptimi.com/guides/how-many-cryptocurrency-exchanges-are-there
https://www.investopedia.com/best-crypto-exchanges-5071855
https://www.huobigroup.com/about/
Do you want me to continue?
The idea of challenge not copy and paste but to write about the article your opinion.
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