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Huobi Global Review – Is it Legit? (November 2022)

Experienced Cryptocurrency Exchange With 300+ Markets Available

Reviewed By |

Overall Rating



Fees: 0.2% Standard Maker & Taker Fee

Best For: Asian-Based Traders

Warning: Trading in cryptocurrency is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.

Huobi was launched in 2013 as one of only a handful of exchanges in China. Starting out small they have since grown tremendously in size and now operate through several different entities depending on your location. Huobi Global is the parent company that offers trading to most countries around the world with the exception of the US, while they also have dedicated operations in Japan and South Korea.

The cryptocurrency exchange though is no longer located in China and has since incorporated in the Seychelles.


  • 300+ Cryptocurrencies to trade
  • Margin trading, futures, options, and more available
  • 24/7 customer support


  • Mixed trader reviews
  • Non-transparent minimum deposits can apply
  • Higher than average trading fees



Trust in any financial operation is paramount. Given their offshore regulation this becomes even more key when choosing a cryptocurrency exchange to trade with. In the case of Huobi, the information we have to follow starts with the length of time they have been operating in the industry and the reputation they have cultivated. With almost 10 years of experience, this is a positive sign for their operation. They have also established themselves in a number of well-known and trusted financial hubs around the world.

Eyebrows may be raised by their origins as a Chinese exchange, and the fact they have accumulated a mixed bag of reviews from other traders is not particularly helpful. In fact, though the company seems to be reasonably transparent and secure in its operations. This includes following all AML and KYC procedures where required.

When it comes to system security they also appear to check all the right boxes. This means providing 2-factor authentication and holding the majority of trader funds, up to 98% in cold storage for maximum security. They also claim to have an investor protection policy that can help you in the event of a hack.

Investment Products


This is an area where the exchange puts a good deal of focus and provides an excellent selection of currencies for all levels of traders to get involved with. Huobi provides trading in more than 300 cryptocurrencies with this number increasing all the time as new altcoins are voted on to the platform. This voting is accessible through their alternative trading platform HADAX which also falls under the Huobi company umbrella.

Sticking with what you will find available though, there are more than 300 cryptos that you can trade in pairs with the platform supporting more than a dozen fiat currencies as well as margin trading, futures, options, and other derivative trading markets which is a growing area for the entire sector.

Overall, you will not be short of choice whether you wish to trade simple spot markets through the exchange or explore other available possibilities. They have also recently launched their own trading bot service that is still in the Beta testing phase but could open up the possibility of auto trading through the platform in the future.

Trading & Fees


Commissions and fees are always kept reasonably low within the sector when choosing any of the well-known crypto exchanges. The same is the case with Huobi which also boasts a very healthy trading volume backed by its popularity. Still though, the trading fees here fall on the higher end of the scale.

The standard Huobi trading fee is 0.2% on both the maker and taker sides of the trade. This applies to crypto to crypto trades up to a volume of 5 million USDT within a 30-day period. Above this amount and you start to receive discounts on these fees from the exchange.

Fiat to crypto trading is possible with a fee of 0.7% on the maker side with the exception of a few key cryptos like Bitcoin and Ethereum that are promoted as fee-free when bought with Chinese Yuan. The same is true if you are using the Chinese Yuan to purchase USDT, or the native HUSD with the company.

There should be no fees besides the network fee for making a Huobi deposit, and withdrawal fees are applied but these depend on the crypto you are taking out but they remain in line with the rest of the industry.

Trading Platform


In fact, Huobi has a few different trading platforms available based on your needs with separate trading platforms for both margin trading, and OTC markets trading available. Sticking with the standard exchange trading platforms though you will find that it offers a very wide range of capabilities.

In terms of layout, the platform appears very well-designed and is easily one of the easiest on the eye in the industry. The tools at your disposal to analyze charts within the trading platform are supported by Trading View. These ensure you have some of the most comprehensive options around with good customizability.

Overall, the platform’s UI and general usability are very good. The main drawback on the trading platform itself would be that it can be daunting for less-experienced traders. The complexity of having several different trading platforms available, as well as a wide variety of features and options to view within the exchange trading platform is something that many have commented on as more suitable for experienced traders, and with a steeper learning curve than some other exchanges. You can also trade on the move through a quite user-friendly mobile app and trading platform offered by Huobi.

Customer Support


While customer support can be lacking with some exchanges, this does not seem to be the case with Huobi. They are in fact, one of the few top cryptocurrency exchanges that offer round-the-clock customer support. The majority of this is provided through the dedicated live chat function on their website.

If you do not require an immediate response then you are also free to contact the exchange by email with your questions. Additionally, the Huobi FAQ section is well stocked with some of the most commonly asked questions and solutions to some of the most frequent problems you may encounter. The support team appears quick to respond and knowledgeable in regard to questioning.



Overall, Huobi provides a fairly strong service when it comes to the actual trading and features you can have access to. They offer a very wide range of markets and are generally supported by a comprehensive trading platform and solid customer support.

These are some of the core fundamentals needed to make a strong exchange and all are provided by Huobi even though there still may be some anxiety surrounding their offshore regulatory status and company origins. Besides the sometimes overly complex trading platform, it would appear Huobi can do a good job at meeting most trading needs, particularly at more experienced and high-volume levels.

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