Is Huobi a good exchange?

Launched in 2013 (ancient by crypto standards), the company’s cryptocurrency exchange has a well-established reputation - particularly in Asia. The exchange is consistently rated in the top five for market cap. Huobi also issued its own token (Huobi Token) last year to increase user loyalty. Read on to find out more. What is Huobi?

Is Huobi a cryptocurrency?

Huobi’s holding company, Huobi Global, has teams in Japan, South Korea, United Kingdom, Australia, Canada, Brazil, and Hong Kong. Huobi has a token, Huobi Token (HT), which it issued in January 2018. It is listed on Coin Market Cap as one of the top 100 currencies by market cap. Who created Huobi? Leon Li founded the company China in 2013.

What is the Huobi token?

The Huobi Token is fuel for the Huobi system. A key way people use it to reduce fees when trading on the Huobi platform. For example, when you exchange one currency for another on the Huobi Exchange, you are charged a 0.2% fee. However, if the currency you are exchanging is the Huobi Token, you are charged a lower fee.

What is the Huobi invite program?

They have quite a comprehensive FAQ section where they have extensive overviews and guides that you can read. If you have used the Huobi platform and exchange and have had a pleasant experience then you can earn commissions for the friends that you refer to the platform. This is through the Huobi Invite program.