Huobi Exchange originates from Beijing, China. It’s the largest Chinese exchanges till date. Huobi was launched back in the year 2013. Since then, the exchange has served millions of users. It was founded by Leon Li who graduated from the Tsinghua University.Huobi Exchange

Huobi is famous for its sophisticated UI. This is a feature rich exchange. Huobi has a number of features that the users cannot find on other exchanges.

Apart from allowing the trading between Bitcoin, Ethereum and Altcoins, Huobi also brings the Margin Trading feature. There are some unique trading pairs available on Huobi which make trading incredibly easy for the users.

The Huobi Exchange has most of the coins listed on it. If you are looking for a coin which hasn’t made it to a popular exchange like Binance, you can try looking at the Huobi Exchange. There’s a great chance that the coin you are looking for is listed at Huobi.

Huobi operates in more than 130 countries at the moment. Huobi has its independent servers which are located in Singapore, Korea, Hong Kong (China) and China Mainland. It’s available in the form of a website and also in the form an Android and iOS application. The mobile applications of Huobi are absolutely smooth. The website offers a great user experience as well.

Although there are more popular exchanges available at the moment, your sole reason for using Huobi might be to get a coin that is not listed anywhere else.

My very own reason to use Huobi was the same as well. I recently stumbled upon this exchange to get the Elastos coin and I decided to do this guide right away.

In this guide, you will learn everything about trading on the Huobi Exchange. This, in fact, is a beginner’s guide to Huobi Exchange. So, if you have been a little bit hesitant to use Huobi so far, then let me help you now.

Beginners Guide to Huobi Exchange

Sign up on Huobi

  1. First of all, open Huobi on your computer or download its application on your phone.
  2. Now sign up for the Huobi exchange using your email address. Huobi will ask you for your basic contact details. Fill out the registration form to go ahead.

  3. Once you have signed up, confirm your account using the confirmation email.
  4. Now open Huobi and sign in.
  5. First of all, click on your email address > Account & Security > Turn on SMS and Google’s 2FA Authentication.
  6. After setting up the security layer, we are free to start trading on Huobi.

Depositing funds on Huobi

  1. Now we need to deposit some funds on Huobi.
  2. Click on the Balances tab appearing on the top-right.
  3. Now click on the Deposits and Withdrawals tab.
  4. You will not see a list of all the coins available on Huobi.
  5. Click on the Deposit button appearing next to your desired coin.
  6. Now get the address for your coin.
  7. You will now use this address in any other exchange or wallet to deposit funds in your Huobi wallet.

Withdrawing funds from Huobi

  1. Click on the Balances tab > Deposits and Withdrawals.
  2. Now click on the Withdraw button appearing next to your coin.
  3. You will now get a form where you will enter your wallet or other exchange address and also enter the number of coins you want to transfer.
  4. Fill the details and click on Withdraw button.
  5. The transaction will begin and you will get funds in any other exchange or wallet in a while.

Exchanging coins on Huobi

  1. Click on the Balances tab > Deposits and Withdrawals.
  2. You will get a list of all the coins listed on Huobi. If you cannot find a coin in the list, you can type its name in the search box appearing at the top.
  3. Now click on the Exchange button appearing next to the withdraw button in front of your desired coin. Select your desired trading pair to open the exchange.
  4. The exchange will now open showing the buy/sell forms and also the order book on the right side.
  5. The order book showing transactions in red colour is for the sellers and the one in green is for the buyers.
  6. Now have a look at the order book and see what’s the best bid the users have placed in the buy book. You can also have a look at the sell book to see what price people are selling that particular coin.
  7. Select your desired price at what you want to buy or sell the coins.
  8. Now enter the details in the buy/sell forms to place an order.
  9. Once the order has been placed, it will appear under the open orders right below the buy/sell forms. You can also track the orders through orders tab appearing on the top-right side of the exchange.

That’s all. In this guide, we have not talked about the margin trading because most of the users want to trade on the exchange only. They do not want to indulge in the marginal trading. In case you have any other queries, drop them in the comments section below.

Here are some more useful guides:

Beginner’s Guide To Binance – Buy/Sell/Trade Cryptocurrency

Beginner’s Guide To Kucoin Exchange – Buy/Sell/Trade Cryptocurrency