Houbi is a Singapore-based cryptocurrency exchange. Founded in China, Huobi has offices in Hong Kong, Korea, Japan and the United States. The exchange also have their own native cryptocurrency called Huobi Token (HT). It was designed to reward users with lower transaction fees. Much like Binance’s BNB coin, the token is available to be traded with any other cryptocurrency on the exchange.
The exchange also offer an OTC trading desk that charges 0% fees if you are the taker. If you’re the maker, however, you’ll be charged 0.2% in most regions. Places like Indonesia, Malaysia, United Arab Emirates and Saudi Arabia will be charged 0.7%. Huobi’s withdrawal limits very by cryptocurrency. Bitcoin, for example, has a maximum daily withdrawal limit of 0.1 BTC while Ethereum’s is 2.5 ETH. Huobi is a reputable exchange. Established in 2013, Huobi offers more than 190 cryptocurrencies and has 24/7/365 customer support. The only blemish on an otherwise stellar reputation is an accusation that the exchange falsified trading volumes.