Huobi is one of the top cryptocurrency trading platforms with the goal of giving investors a professional, trust worthy and secured platform. Since its inception in 2013, it has been through challenges that threatened to end its prospects. The most noteable among this was the famous Chinese government clampdown on cryptocurrencies. If you are familiar with the exchange, you will know that they have at least three different websites on which they operate, the founders claim that this was their way of surviving the challenges they faced.
From the information on the website, Huobi has offices in Singapore, Hong Kong and Japan. And it has some number of departments that operates in China. Nobody knows the exact team that is running Huobi. Though the public knows that the founder and the CEO of the company is Leo Li, there is little or no information as to the evolution of the company. But this has not in any way hindered the growth of the exchange as it currently operates in a lot of countries.
Huobi provides a trading platform with a wide range of token that is currently totaled at 190. Some of the top cryptos that are being traded are Bitcoin, Ethereum, Litecoin, and Dash. It is a cryp-to-crypto exchange for now, but there are plans set in place to introduce the use of fiat currencies like the Chinese Yen and United States Dollar to the trading.
Creating a New Account
Creating a new account on Huobi is easy. You can carry out some transactions just by registration. This is unlike many other top cryptocurrency exchange platforms that require their users to go through rigorous verification processes; which of course is for a good cause.
Step 1 – Visit www.hbg.com
Creating a Huobi trading account is easy. The homepage is shown above, at the top right hand side of the page is the ‘Sign Up button. That is where the journey begins. But make sure that the browser that you are using is up to date.
Step 2 – Sign Up
On the sign up tab as shown above, there are two types of registration of which you are allowed to choose just one. You can either sign up with a valid phone number or with your email address. For this post, we are going to make use of the email address because it is safe. There is the ‘Nationality’ field of which will show the country that you are in. If it doesn’t, make sure you select it among the options provided. Other fields include your email and password. Leave the ‘Invitation code’ field empty if you do not have it. Huobi rewards referral from old members, the member is required to give you a particular code assigned to him only, that is why the ‘Invitation code’ field is there.
Step 3 – Email Verification
Once you fill the necessary information and you click on the sign up button, a tab will pop up asking you to enter your one-time authentication code. The code will be sent to your email and it is in the format of what is shown below;
Copy the code and paste it on the appropriate field on the Huobi site.
Step 4 – Depositing Funds
As established earlier, carrying out transactions on Huobi does not necessarily require much verification. When you log in after finishing up the registration process, you will be asked if you would like to fund your account, with options ranging from the use of fiat or digital currencies. The screenshot of this tab is shown below;
As you can see, you can make deposits using bank transfers or using standard blockchain wallet. However, the goal of this article is to get you to verify your identity. So we will have to go with the ‘Buy Now’ option. Click on the box on the ‘How to start with no digital asset?’ option and the tab below will open. Click on the ‘OTC’ (Over the Counter) option.
Using OTC, you you can find a prospective seller that is offering Btcoin or Ethereum for currencies like US dollars and Chinese Yen. Buying these coins is easy, all you have to do is transfer funds with the appropriate payment method. Many of the buyers do not require verification procedures, but for security purposes, I advise that you stick to buyers that require verification procedures. There are many other steps to take to complete your first trading on Huobi, they are however outside the scope of this article.