Huobi Global Exchange Review 2022 Fees, Platform, App, Safety & More

You can purchase cryptocurrencies with fiat using a Visa Card or buy BTC or USDT using either the Visa card or PayNow payment processor. And recently, after the launch of the Huobi OTC Desk, Huobi Global started processing bank wire deposits and withdrawals. The mobile app will now ask if you are a beginner or an experienced trader to match you with corresponding trading tools. Simply put, it is a stand-alone trading platform that also allows you to make fiat and crypto deposits or withdrawals.

One has to do with transactions that don’t meet the minimum trading limit, and the other addresses the use of Bots. The derivatives academy, on the other hand, teaches the Huobi Global exchange user everything there is to know about contracts and options trading. This page breaks down both the basics and complexities of trading contracts, futures, and swaps on Huobi Global.

One of its minimal requirements is that you must have above 10 Bitcoins. We will start by tabulating some of the pros and cons of using the platform in the table below, after which we will explain each in detail. Comprehensive Marketplace, unique rarity insights for collectable NFTs with the powerful trading tools. Therefore, we retain the buy recommendation given in the previous analysis. Partial profits can be booked at the current levels and the stops can be trailed on the rest to protect the paper profits. If the pair sustains below the 20-day EMA for two days, the possibility of a drop to the 50-day SMA increases.

Supported countries:

Once you’ve created your wallet, you’ll need to input your bank account information or your e-wallet information. You can then select the amount of money you want to withdraw and the currency you want monetha ico price to withdraw it in. Huobi is a centralized exchange, which means that they control all of the assets on their platform. This can be seen as a good thing or a bad thing, depending on your point of view.

Like equally popular crypto exchanges, it has also developed a crypto coin native to the exchange – Huobi Token . The crypto exchange is highly innovative, integrates some of the most popular crypto trading and market analysis tools, and embraces industry-standard security features around the platform. We were expecting Ethereum price GBP to reach its all-time high at £1,456.18, but the bears had other plans.

We recommend That you consult your legal advisors and review the legality of the use of brokers/exchanges in your country. However, during periods of high volume or network congestion, withdrawals may take longer to process. We apologize for any inconvenience this may cause and appreciate your patience. There are a number of reasons why you might not be able to withdraw from Huobi.

Customer support

Both upsloping moving averages and the RSI in the positive territory suggest the bulls have the upper hand. If the buyers drive the price above the £1,850 to £1,905.49 resistance zone, the next leg of the uptrend could begin, which has a target objective https://cryptolisting.org/ at £2,130. However, we anticipate the bears to mount a stiff resistance in the overhead zone and try to pull the price down to the 20-day EMA. If the ETH/GBP pair rebounds off this support, the possibility of a break above £1,905.49 increases.

This uncertainty was resolved to the downside on February 22 and that resulted in aggressive profit-booking from traders. The Etherereum price GBP plummeted below the 20-day EMA and fell near the 50-day SMA. The bulls purchased the dip to the 50-day SMA and pushed the Etherereum price GBP back above the 20-day EMA as seen from the long tail on the candlestick. However, the failure of the bulls to build-up on the pullback today suggests the bears continue to sell on rallies. The bears will again try to sink the price below the 50-day SMA and the £1,052 support.

Ethereum price GBP traders who had purchased on the breakout of the ascending triangle on February 2, according to our recommendation in the previous analysis are in the money. The bears pulled the price down to the breakout level at £1,052 on February 7 but the long tail on the day’s candlestick showed aggressive buying by the bulls. If the ether gbp price rebounds off the 20-day EMA, the bulls will try to resume the relief rally. A breakout above £1,800 could clear the path for a rally to the psychological level at £2,000.

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However, the bulls are likely to face stiff resistance at the moving averages. If the eth to gbp price turns down from this resistance, the bears will again try to break the £1,216.19 support. If the Eth price GBP pair rebounds off this support, a few days of range-bound action between £1,216.19 and £2,000 is possible. Traders may wait for the price to rebound off the £1,216.19 support to initiate long positions with the stops placed at £1,190.

• Ether bounced off the £1,216.19 support on June 22 and again on June 26.
• It only takes a few hours to the next day to verify your identity and lift the trading limits.
• The flat moving averages and the RSI above 56 do not indicate a strong momentum in favour of the bulls.
• They also support the purchase of crypto using credit cards and integrate highly advanced trading/market analysis tools like professional market charts and risk management controls.
• Contrary to this assumption, if the price turns down from the overhead resistance and breaks below the 20-day EMA, it will indicate that traders are selling on rallies.
• One has to do with transactions that don’t meet the minimum trading limit, and the other addresses the use of Bots.

The critical support on the downside is the 20-day EMA and a decisive break below could signal the start of a deeper correction. Huobi Global has earned its position as one of the leading crypto exchanges in the world. The Buy Crypto tab presents Huobi desktop trading platform users with four quick trading options; the buy, sell, convert, and P2P market. The buy section of the webpage makes it possible for verified Huobi Global users to purchase popular cryptocurrencies and tokens using the fiat currencies.

The bears pulled the eth to gbp price below the triangle on June 18 and the attempt by the bulls to push the ether gbp price back into the triangle failed on June 20. If the eth price gbp rebounds off the current level or from £1,468.55, the bulls will make one more attempt to push the ETH/GBP pair above the downtrend line. If they manage to do that, the bearish descending triangle setup will be negated and the pair could rally to £2,160. The downsloping moving averages and the RSI below 35 suggest that bears are in command.

If the bears pull the price below £2,560.80, the ETH/GBP pair could drop to the 20-day EMA. If the price rebounds off the 20-day EMA, it will suggest the sentiment remains bullish and traders are buying on dips to strong support levels. Contrary to this assumption, if the price turns down from the overhead resistance and breaks below the 20-day EMA, the Ethereum Price GBP could drop to the breakout level at £1,052.

ethereum=GBP

The rising 20-day EMA and the RSI in the positive zone indicate that bulls are in control. If bulls push the price above £3,258.55, the ETH/GBP pair could resume its uptrend with the next target objective at £3,472. If the price rebounds off this level, the pair could rise to the 20-day EMA which is again likely to act as a strong resistance. We suggest traders wait for the decline to end before venturing out to buy.

One Reddit user rekindles the faked trading volumes issue arguing that Huobi Global seems to overuse bots on their platforms. The ETH/GBP is one of the most popularly traded pairs in the financial market. This level may act as a stiff resistance but if the bulls do not allow the price to dip below the 20-day EMA, the pair could rise further to £2,695.43. A breakout and close above the triangle will suggest the downtrend could be over. Therefore, traders may buy on a breakout and close above the resistance line of the triangle.

The order history tab is located at the bottom of the spot trading and derivatives trading windows and outlines all your closed trades. It lists the coins you have opened in the past and comes in handy in helping you understand your trading history. The Savings platform allows you to save your digital assets and earn a guaranteed interest rate. The platform is open to all Huobi clients and supports either BTC or Tether.

But a positive sign is that the eth to gbp bulls have not allowed the price to break below the breakout level at £2,160. With both moving averages sloping up and the relative strength index in the positive territory, the advantage is with the buyers. Huobi Global also provides users with a free multi-currency wallet for storing their digital coins.

However, the interest is variable and is updated daily (it currently stands at 7.00% APR for USDT and 3.5% APR for BTC). Huobi Global doesn’t lock your funds, and you are free to redeem your earnings or withdraw the savings at any time and without issuing prior notice. Next to the exchange is the Futures tab that outlines the price changes for the margined trades. Currently, Huobi has a VISA card as the only supported payment processing method on the Buy Crypto section for the crypto selling page.

It is a dashboard that outlines the pair’s last price, the percentage change in price, its highest and lowest price levels, and the trading volumes. It also features the price trend section on the far right that outlines the top gaining pair, the newest listed pair, and trading volume leaders. You can also use the ‘Convert’ tab to exchange one type of crypto for another at highly competitive prices. The P2P Market, on the other hand, is a peer-to-peer marketplace for Huobi Users that are looking to bypass the complexities of the trading platform and the long wait on the order book. Here, you are allowed to create a trade by listing the coin you are looking to sell, set your selling price, and preferred payment method.

Aggressive traders may buy on a breakout and close above the triangle, but use 50% of the usual position size. The rest of the position could be added after the price breaks above £1,456.18. The sharp up-move of the Ethereum price pound chart in the past few days had pushed the RSI above 82, indicating the rally was overbought in the short term. However, when an asset is backed by momentum, it is difficult to call a top. If the bulls do not give up much ground from the current levels, the uptrend may continue. If the buyers drive the price above £2,500, the ETH/GBP pair could start the next leg of the uptrend that may reach £3,120.

Ethereum looks to show continued strong price momentum driven by the Ethereum 2.0 launch and upcoming CME futures launch in February. With demand on the rise, Ethereum’s daily transaction volume is going parabolic. It now settles $12 billion in transactions daily – $3 billion more than Bitcoin. The 20-day EMA is flattening out and the RSI has risen above 47, indicating the bulls are trying to make a comeback. Traders may buy 50% of the usual allocation size on a breakout and close above the 50-day SMA.