Kript Connected Exchanges: Huobi
By: Kript Team
Tags: Kript, Exchange, Cryptocurrency

You can add your Huobi account to Kript app and take advantage of managing your crypto portfolio in a safe and easy-to-use manner

Huobi overview

24 hour volume: ~$276 million

Number of trading pairs: >280

Asset pair types: crypto to crypto

Markets: on BTC, ETH, USDT, HUSD and HT

Additional features: margin trading; HADAX innovative digital currency; OTC trading

Order types: Market Order; Limit Order

Supported countries: 130+

Website: huobi.com

Huobi is one of the leading digital asset trading platforms in the world listing over 170 digital assets and trading in over 280 digital asset pairs. It is also one of the oldest crypto exchanges. It was founded in 2013 in Beijing and initially concentrated in Chinese market, though after Chinese government’s crackdown on crypto exchanges in 2017 it focused on global trading and currently it is available in over 130 countries around the world. Lately, it has announced its plans for further expansion into the Middle East, African, and South Asian markets. Up to date, Huobi is operated by Huobi Global Limited founded in the Republic of Seychelles.

The exchange offers a world class security system and compliance service teams across the globe — in Singapore, Japan, South Korea, and other countries. It offers user-oriented solutions, such as development of compensation first system and investor protection fund. Huobi is ranked 4th in terms of daily trading volume which is about $276 million up to date.

This month Huobi opened deposits for HUSD — its own comprehensive solution created for all stablecoins providing the following advantages:

- seamless handover between stablecoins;

- increased stability;

- conversion with no cost.

Main features

✔ a world class security system

✔ local operation teams across the globe

✔ wide range of cryptocurrencies

✔ high liquidity

✔ margin trading

Huobi Tokens

Huobi exchange has its own cryptocurrency — Huobi Tokens or HTs (ERC20). This currency is the key component of the exchange, playing an important role in the functioning of the trading platform. The tokens were initially distributed between Huobi pro users in January 2018.

Total supply: 500 million

Current circulating supply: 50 million

Functions:

- up to 50% discount on transaction fees;

- VIP early access to assets and special events;

- liquidity buybacks;

- voting rights.

Fees and limits

Deposits: can be made in cryptocurrency only; no fees.

Withdrawals: depend on the currency (0.001 BTC, 0.01 ETH, etc.).

Trading: 0,2% Maker; 0,2 Taker. There are 5 levels of discounts from trading fees based on VIP membership which can be acquired with Huobi Tokens.

Withdrawal limits depend on whether the user’s account is verified or not, and verified users have preferences.

Limits on the order size depend on the currency (👉 complete list of trade limits).

Communication: twitter, facebook, telegram, youtube, medium, instagram

KRIPT and Huobi integration

Integration between Kript and Huobi enables advanced opportunities for crypto investors providing them with all they need for efficient trading. This integration enabled Kript users to get access to more cryptocurrency pairs and Huobi users to benefit from a wide range of useful functions available via Kript application.

Kript tools:

✔ Android and iOS app for trading

✔ High level of security

✔ Convenient interface

✔ ICO list with detailed information about the projects

✔ Coins description

✔ Order book

✔ Cryptocurrency market news

✔ Access to portfolios

Huobi available options in Kript app:

✔ Balance

✔ Holdings

✔ Pending orders (up to 500 orders)

In order to take advantage of the advanced features for efficient trading:

1) download Kript app from Google Play or App Store;

2) create a new API key;

3) connect your Huobi account to Kript app.