Crypto Academy Season 3 / Beginners' course - Task 5: / Dex, Cex, Popular Exchanges and Trading Cryptos / For Prof. @imagen

Hello All,

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Here Are The Entire Questions

Question 1

Choose any of the following exchanges and develop a basic guide on how to use it, indicating whether it is decentralised or centralised.
Huobi
KuCoin
Waves Dex

Question 2

Can cryptocurrencies and exchanges be regulated? How do regulations affect the crypto world? Name some countries with regulations.

Question 3

Explain in your own words what an Exchange is. Differences between a Wallet and an Exchange. Mention the advantages and disadvantages of DEX and CEX. Have you used an Exchange before? tell us about your experience.

I will be answering Number 1

Below is a basic guide on how to use Houbi Global Exchange

Houbi Global Exchange is one of the leading Centralized crypto exchange in the world today. Infact it is the second largest Digital Asset X-change platform on the planet after Binance.
It was created and launched in China in the year 2013, but it's currently based in the Seychelles which is in east Africa.

How to Sign up for an Houbi Global Exchange Account

• Firstly, I navigated on the official website of Houbi Global,

Link to the official website of Houbi Global

• I then clicked on the Sign up tab on the top right hand side of my screen.
  

• I decided to create my account via Email, so I inserted my email address as well as password.
  

• I verified that I'm not a robot.
  

• I was sent a verification code on my email which I entered to confirm it's my email.
  

• And finally, I got a pop-up stating that the sign up was successfully.
  

Houbi Global Exchange offers about 383 crypto assets that can be traded by traders, and they have their own financial token called the Houbi Token (HT) which is around $13.51 and ranks 58 for now, on Coinmarketcap.com.

Source

How to Use Houbi Global Exchange Platform

The exchange is know for it's top security, high liquidity, and a reasonable fee charge (0.2% fee charge for level 1 users).

Exchanges (Buying and Selling) on Houbi

Exchanges can be done on the Spot trading section of the platform, coins can be paired and traded in the platform.

Buy a coin: To place your buy order, what you need to do is to insert the amount you are will to buy in the Amount encryption, then click on Buy.

Sell a coin: To place your sell order, what you need to do is to insert the amount you are will to sell in the Amount encryption, then click on Sell.

You can equally make withdrawal as well as deposit on any coin by first searching and clicking on the coin, then select withdraw or deposit depending on the task you want to perform.

Houbi Global Exchange has a contract page that can help a trader get profits, and the platform equally supports Staking, whereby a trader can stake his/her asset and gets back a specified percentage in a specified time-frame.

Conclusion

Houbi Global Exchange is one of the top Centralized exchange, as it has high liquidity, and transaction volumes compared to other platforms. So far the security of this platform is really great as it has not encountered any major security challenge, the platform has reserved 20K BTC for any possible security challenge in the future. So am grateful to prof. @imagen for this educative topic.

All screenshots were taken by me on my Houbi Global Exchange account.

Thanks for your time.