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 with ease by simply clicking on this link. In this article, we will introduce you to Huobi and show you how you can go about making deposits and withdrawals from your Huobi account. But first, check out this comprehensive guide on how to sell cryptos through PayPal.

What is Huobi?

Huobi is a trading platform which specializes in trading and negotiating cryptocurrencies. It is a Chinese platform and offers many very interesting features. We can mention 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 in daily volume over the past few years. last 24 hours ($1) in addition to having more than 441 cryptocurrency pairs available and supporting more than 47 FIAT currencies. Huobi exchanger is a very nice trading platform, which allows every investor to buy, sell and exchange cryptos safely.

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 enhance 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 information 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 of hundreds of popular cryptocurrencies like Bitcoin but also many altcoins.
• Enhanced security - Huobi uses several security techniques like cold storage to protect users' funds. The platform has never suffered a major hack to date.
• Advanced trading tools - Huobi's interface offers multiple customizable technical and chart indicators as well as automated trade management via API for more 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 reward program for those who refer new users. Referrals must actively trade for the referrers to get their bonuses.

However, since Huobi is centralized, it comes with some inherent risks that users have little control over in the event of technical, legal, or fraud issues. Therefore, a thorough analysis is required before investing large sums of money in it.

Indisadvantages of a Huobi account

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

• Arbitrary suspensions - Like any centralized exchange, Huobi can unilaterally decide to suspend certain accounts or features, temporarily freezing access to funds.
• Limited removal supports - Huobi does not allow withdrawals 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 for certain transactions via a price spread between the market buy and sell price (spread) which ends up eating into the trader's profits.
• Hacking risk - Although the platform has not suffered any major hacks to date, zero risk does not exist with centralized exchanges where private keys are held by the platform itself.
• Poor customer support - Huobi's 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 complete control over users' 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 from an email or a phone number.

We recommend using your number to sign up, you will still need to verify your account to get the bonuses. If you don't want to use your number, you can purchase 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 “ Sign up » at the top right of the website as below. There are several options available to you. You can create your account using the phone number or your email address. Once you have made your choice, fill in 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 cannot be just numbers. Example of a valid password: h8b21xs5ea
• Optional - Enter all referral code that can be given to you by your sponsor
• Agree to the Huobi User Agreement Privacy Policy and click “ Sign up ».

How to register from mobile?

The first thing to do is to open the Huobi mobile app and click on “ REGISTER» to access the login page. When you are on the login page, you will see “ Sign up » in the upper right corner of the screen. Click on it to start registration. Choose your preferred registration method – phone number or email.

(1) Register with a phone number

Click on " Phone » to proceed 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 access the email registration page (if you are not already on this page). Enter the required information (Country, Email) in the corresponding boxes. Click on « Send verification code ". An email with a verification code will be sent to the email address provided immediately. Once you get the code, enter it.

Enter your Huobi account password and click “ Completed ». Congratulations, your registration was successful!

Article to read: how to transfer cryptos from Binance to Trezos

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 risk verification and be activated. Please visit the Huobi Futures official website. Know your primary account and click on “ Subaccounts 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 the sub-accounts is set successfully and passwords are created can they be logged in to the website and APP.

Step 4

After creating sub-accounts, you can click on “ open » to open the futures/perpetual swaps trading service of sub-accounts 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 via the main account. Users can only change passwords for sub-accounts GA not linked via the main account. The main account can create and modify subaccounts 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 on Coin Margin, Coin Margin Swaps, USDT Margin Swaps and Options than the corresponding main account when it is 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 overall performance of the main account and its sub-accounts.

How to make deposits in Huobi?

To make a deposit into your Huobi account, it is not complicated at all. You will need to log in to your account by filling in the necessary fields of your personal information. Once done, go to the exchange account. If you have not yet create an account on Huobi, you should learn how to do it.

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 ».

It is requested for those who are on their first deposit into the account. So you will need to do this verification before depositing. Enter your CPF, your phone number and your email address. Approval only takes a few minutes so you will have to be patient.

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

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

Article to read: how to create a robinhood account?

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 bitcoinTo connect, you will open the platform, enter your details and validate them.

Once logged in, you will need to go to “ SALE » to have access to the different transactions. Once on the sale page, you will need to choose “ remove ».

After clicking on withdraw, a new window will 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 name of the coin in the search tab. This step must be treated with care. You will have to make sure that the blockchain you are going to use is the same as that of the receiving platform.

If you make a mistake on the channel you will lose your funds. So be careful. If the choice of channel has already been made, you will need to paste the address where you want to withdraw the coins to transfer them and also enter the amount to withdraw.

It is important to be aware of the transaction costs as well as the amount that the recipient of the funds will receive so as not to be surprised at the end of the transaction. Once you are sure that the elements 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.

Once the verification is complete, you will need to finalize the transaction by confirming that all the information is correct and completed in the fields. You will therefore have to click on the nail “ to confirm ».

Your transaction is complete wait for the system to process it and once done it will send the funds to the address mentioned 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 to make deposits and or withdrawals in your account safely. We count on you to follow these steps carefully to avoid losing your funds. In the next article, we will focus on how we can do it, techniques allowing us to better manage your investments and tips for evolving in Huobi with cryptocurrency.

FAQ

What is Huobi?

Huobi is an online exchange and trading platform specializing in the exchange, purchase and sale of cryptocurrencies. It is available in several countries and in several languages. There are more than 1000 cryptocurrencies different.

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.