How to make deposits and withdrawals on Huobi

Investing in cryptocurrencies is good, know how withdrawing your winnings is even better. In the market we find dozens of exchangers that we can use to buy, sell and mine cryptocurrencies and other digital assets. You can easily make deposits and withdrawals on Huobi, even if you are a beginner.

In fact, Huobi is a global financial services group. The founding team foresaw the great potential of the Blockchain industry with the aim of revolutionizing the global financial system. Create your Huobi account easily by just clicking on this link.

In this article, we will introduce you to Huobi and show you how you can make deposits and withdrawals from your Huobi account.

What is Huobi?

Huobi is a trading platform which specializes in negotiation and trading cryptocurrencies. It is a Chinese platform and offers many very interesting features. We can cite the Primepool, Huobi Earn, Staking or even ETH 2.0 which, generally, gives you the possibility of earning passive income using your cryptos.

Huobi was founded in China by Leon Li, an engineer who worked at Oracle before founding the company and is one of the first exchanges in the sector as it has been operating since 2013 and is headquartered in the Seychelles although it has offices in the United States. South Korea, Japan and Hong Kong.

They boast of having users residing in over 130 different countries and currently Huobi Global ranks as the 7th largest exchange by daily volume over the last 24 hours ($1) in addition to having over 441 cryptocurrency pairs available and supporting over 47 FIAT currencies.

The Huobi exchanger is a very nice trading platform, which allows every investor to buy, sell and trade cryptos securely.

Advantages and disadvantages of the Huobi exchange platform

Benefits	Drawbacks
It is a very reliable and secure platform	It is not easy for beginners
Presence of a mobile application	Lack of regulation at the global level
Transaction fees are not very high like other platforms	The verification process is very long
Ability to trade over 340 assets	Lack of opportunities in NFT
A constant presence of liquidity	This platform is not available for US citizens
Customer support available 24 hours a day, 24 days a week
It offers educational content allowing you to better follow your account

???? Key Features of a Huobi Account

Huobi undoubtedly has some of the best benefits and functionalitys that traders and investors love. I have compiled a list of these features for you to review and evaluate how they can improve your trading experience.

• User-friendly platform – Easy, fast and secure purchase/sale
• Available for PC, Android and iOS users
• Over 300+ cryptocurrencies different available
• Fast and reliable exchanges and swaps
• Seulement 0,2% fee negotiation for decision makers and takers
• Staking available for some cryptocurrencies
• Built-in rewards system
• Introducing bot trading
• P2P purchase and sale of cryptos with paypal
• Crypto Lending and Borrowing
• Various trading options
• Guides and informational articles
• Top notch customer support

???? Benefits of a Huobi Account

Here are some potential benefits of opening an account on the Huobi cryptocurrency exchange:

• Wide selection of cryptoassets – Huobi offers trading in hundreds of popular cryptocurrencies such as Bitcoin but also many altcoins.
• Enhanced security – Huobi uses several security techniques like cold storage to protect user funds. The platform has never suffered a major hack to date.
• Advanced trading tools – Huobi's interface offers multiple technical indicators, customizable charts as well as automated trade management via API for the most experienced traders.
• No deposit fees – Unlike many platforms, Huobi does not charge fees for depositing funds via bank transfer or crypto transfer. Only withdrawals are taxed.
• Sponsorship Program – Huobi offers a rewards program for those who refer new users. Referrals must actively trade for sponsors to obtain their bonuses.

However, because Huobi is centralized, it carries some inherent risks over which users have little control in the event of a technical, legal or fraud issue. A thorough analysis is therefore necessary before investing large sums in it.

🌿Indisadvantages of a Huobi account

Here are some potential downsides to opening an account on the Huobi cryptocurrency exchange:

• Arbitrary suspensions – Like any centralized exchange, Huobi may decide unilaterally to suspend certain accounts or features, temporarily freezing access to funds.
• Limited removal supports – Huobi does not allow withdrawing funds via bank transfer in many countries. Withdrawal options like Tether USDT are also taxed.
• Hidden transaction fees – In addition to its displayed fees, Huobi charges certain transactions via a price gap between the purchase price and the market sale price (spread) which ends up eating into the trader's profits.
• Hacking risk – Although the platform has not suffered a major hack to date, zero risk does not exist with centralized exchanges where private keys are held by the platform itself.
• Poor customer support – Huobi customer service is slow to respond to queries and often lacks diligence in handling issues encountered by users.
• In short, despite enhanced security and advanced trading tools, Huobi suffers from a lack of transparency and the centralized platform's total control over user accounts and funds. A thorough risk analysis is required.

???? How to create Huobi account from PC?

Creating an account on a cryptocurrency trading platform is as easy as drinking a cup of tea. To create a Huobi account, click the “ register » in the upper right corner. You will need an e-mail or a telephone number.

We recommend using your number to register, you will still need to verify your account to get the bonuses. If you don't want to use your number, you can buy a virtual number from SMS-MAN.

Then confirm your number, with a code, which will arrive on your phone in the form of an SMS. Your account has been created, then you need to access your profile and follow the suggested steps to get the reward.

Let's go into practice

Step 1

The first thing to do is to go to the Huobi platform. Then click on the button “ Register » on the top right of the website as below

Several options are available to you. You can create your account using the phone number or your email address.

Once you have made your choice, complete the fields below:

• Please choose the nationality correctly as it cannot be revised after registration
• Enter your phone number or email address
• The password must be composed of 8 to 20 characters with at least 1 letter. It can't just be numbers. Example of a valid password: h8b21xs5ea
• Optional – Enter all referral code that may have been given to you by your sponsor
• Accept the Huobi User Agreement Privacy Policy and click " Register ».

How to register from mobile?

The first thing you need to do is open the Huobi mobile app and click “ SIGN UPto access the login page.

When you are on the login page, you will see " Register » in the upper right corner of the screen. Click on it to begin registration. Choose your preferred registration method – phone number or email.

(1) Register with a phone number

Click on " Phone » to move to the phone registration page. Enter the required information (Country, Phone number) in the corresponding boxes.

Click on " Send verification code ". A text message with a verification code will be immediately sent to the phone number provided. Once you get the code, enter it.

Enter your Huobi account password and click “ Completed ».

Congratulations, your registration was successful!

(2) Register by email

Click on " E-mail to go to the email sign-up page (if you're not already on that page). Enter the required information (Country, Email) in the corresponding boxes.

Click on " Send verification code ". An email with a verification code will be immediately sent to the email address provided. Once you get the code, enter it.

Enter your Huobi account password and click “ Completed ».

Congratulations, your registration was successful!

???? How to set up a Huobi Futures sub-account?

Huobi Futures sub-accounts feature is now live! All users can create 200 sub-accounts (200 for futures and 200 for perpetual swaps) at most with no account balance requirement.

With this feature, the master account can set permissions for subaccounts and query subaccount assets. Please log in to the Huobi Futures website to open the sub-accounts function.

Step 1

Primary accounts must first complete the risk check and be activated. Please visit the official website of Huobi Futures.

Do you know your main account and click on “ Under Account in the drop-down list at the top right of the webpage.

Step 2

Please click on " Managing Exchange Subaccounts "on the admin page" Under Account ».

Step 3

Go to the administration page of Managing Exchange Subaccounts ". You can create sub-accounts, transfer assets from master account to sub-accounts, and set login configuration here.

Please note: Only when the login configuration of sub-accounts is successfully set and passwords are created, they can be logged in to the website and APP.

Step 4

After creating sub-accounts, you can click on “ open to open the sub-account futures/perpetual swaps transaction service on the admin page.

You can also change permissions, transfer assets, and check balance here.

???? Notes on Huobi Sub Accounts

Sub-accounts can't start trading futures/perpetual swaps directly before first activating the service through the master account.

The users can only change the passwords of sub-accounts, GA not linked via the main account. The main account can create and edit sub-accounts API while sub-accounts have no authority.

Sub-accounts will automatically share the same preferential fee rates, the position limit and the futures API rate limit Margin Swaps, Coin Margin Swaps, USDT Margin Swaps, and Options as the corresponding Main Account when opened.

If users use both the main account and its sub-accounts to participate in the Huobi Futures giveaway or other activities, the results will be counted on the combined performance of the main account and its sub-accounts.

How to make deposits in Huobi?

To make a deposit into your Huobi account, it's not complicated at all, you need to follow the steps:

Step 1: Log in to your Huobi account

You will need to log in to your account by filling in the necessary fields of your personal information. Once done, access the exchange account. If you haven't yet create an account on Huobi, you will have to learn how to do it.

Step 2: choose the currency

Once on this page you will be asked to choose the currency you wish to deposit for our example we will be using BRL. After choosing, click on “ deposits ».

Step 3: CPF Verification

It is required for those who are making their first deposit into the account. You will therefore have to do this verification before depositing.

Enter your CPF, your phone number and your email address. Approval only takes a few minutes, so you'll have to be patient.

Step 4: insert the amount

If you have completed the verification, enter the amount you wish to deposit into your Huobi account and click " following ».

Step 5: Confirm order details

Here you have the possibility to choose to pay by scanning your PIX QR code or by a transfer to the bank account that is displayed on the screen with your banking application.

Please note :

• You will need to be sure to select the random key. If, instead of selecting the random key, you select the CNP pix key, the funds you are going to transfer should not arrive in your account. They will be refunded to you only in 24 hours after the operation.
• You will need to complete the transfer within 3 business days of the transaction.
• The name that is present on your Huobi account must be the same with that of your bank transfer request.

You will then have to wait for your bank to process the order. Once your transfer is done in the right conditions and successfully, the system will deposit the funds to your Huobi account automatically.

If you want to see the transaction in question, you can click on “ Transaction history » which will allow you to check the status of your order. If for some reason your deposit has not yet arrived, you can contact customer service by clicking " HELP » or contact them via [email protected].

Your deposit is therefore complete and we hope that you have completed it successfully.

How to make a withdrawal in my Huobi account?

We will walk you through the steps to withdraw funds from your Huobi account. For this example, we'll use the mobile app. The crypto we will use as an example is bitcoin.

Step 1: Log in to your account

To connect, you will open the platform, insert your contact details and validate them.

Once logged in, you will need to go to “ SALE to access the different transactions.

Step 2: click on “remove”

Once in the balance page, you will need to choose " remove ».

After clicking on withdraw, a new window should appear and you will choose the token you want to withdraw, there are several tokens to easily find you, you will have to enter the part number in the search tab.

Step 3: choose blockchain or network

This step should be handled with care. You will need to ensure that the blockchain you are going to use is the same as that of the receiving platform.

If you get the channel wrong you will lose your funds. So pay attention.

Step 4: insert the receiving address

If the choice of the chain has already been made, you will have to paste the address on which you want to withdraw the coins to transfer them and also enter the amount to be withdrawn.

It is important to know the costs of the operation as well as the amount that the recipient of the funds will receive so as not to be surprised at the end of the operation.

Once you are sure that the items you have entered are correct, you will need to click on " remove to confirm the transaction again.

You will then have to follow the instructions mentioned on the screen to follow the transaction.

Step 6: click on “confirm”

Once the verification is complete, you will have to finalize the transaction by confirming that all the information is correct and correctly filled in the fields.

You will therefore have to click on the “ to confirm ».

Your transaction is complete wait for the system to process it and once complete it will send the funds to the mentioned address just be patient if you have already followed our guide correctly, you have nothing to worry about.

Conclusion

Knowledge of Huobi was the subject of this article and we presented Huobi, as well as the procedure for making deposits and/or withdrawals from your account in complete security. We rely on you to follow these steps carefully to avoid losing your funds.

In the next article, we will focus more on how we can do it, techniques that allow us to better manage your investments and tips for evolving in Huobi with cryptocurrency.

Frequently Asked Questions

What is Huobi?

Huobi is an online exchange and trading platform specializing in the exchange, purchase and sale of cryptos. It is available in several countries in several languages. There are more than 300 different cryptocurrencies there.

Is it possible to buy Bitcoin on Huobi?

Yes, it is indeed possible to buy Bitcoin on the Huobi platform. You can also buy several other cryptos, more than 300 cryptos available on Huobi.

Is it safe to invest in Huobi?

The Huobi platform is very secure, you can invest in it without fear. However, you should not forget to set up all the security options such as 2FA.

Huobi, does it offer management for sub-accounts?

Indeed, Huobi gives users the possibility to create several sub-accounts by simply using a name and verifying it using the code sent in your e-mail address.

Is there a demo account for beginners?

No, Huobi does not offer demo accounts for beginners. You will therefore have to read articles like this to have knowledge of how it works.

Should I verify my account before using Huobi?

Not necessarily, you don't have to. But it is necessary not to be confronted with limitations of withdrawals and trading. So it is important and paramount for you to verify your Huobi account first before using it.

This article has interested you ? If so, that makes us really happy. Leave us a comment to allow us to improve it further.