SPOTLIGHT ON HUOBI - HUOBI PRO - YOUR ALL IN ONE MOBILE TRADING APP [Tutorial]

njaywan (74)adminin Steem Ghana • 4 years ago

The Huobi Pro Mobile App is incredibly user-friendly as it make provisions for its usage by both new traders as well as experienced ones. This mobile app is available both on the play store as well as the app store. For people who might be new totally new to crypto trading, Huobi Lite will best suit your needs. I have made a full post on it here which will guide you on it's usage.

On the other hand, the huobi pro application is a pocket exchange platform that enables you to trade on the go with so much ease. It displays new features/updates and has a very simplified interface which displays salient tools on its homepage. In this post, I would like to take you through the Huobi Pro

PROS AND CONS ASSOCIATED WITH HUOBI PRO

PROS

It is easy to register.
It is multilingual.
Although it is meant for experienced traders, it provides guide for buying of crypto assets with direct deposit or with fiat currency.
It has a floating window option for easy tracking of cryptocurrency pairs.
It is packed with most of the services of the Huobi exchange platform.
It automatically provides a list of top ten currency gainers (Top Gainers), Volume leaders (VOL leaders) and the Newest currencies on the market (Newest).
It supports futures trading.
Has a 24/7 customer service.
It displays the hottest products/services as well as promotions at the top of the app.
Notifies you of significant price changes.
The current version 6.0.4 of the app has fixed lags such as logging issues.
Provides guides for novices.

CONS

Requires KYC verification to access certain services.
Signs out automatically when idle. (Might also be a security advantage for some users)

GETTING STARTED

Just as we did for the huobi lite, we would first have to download the application for android or ios. These quick links would help you to do so;

After your download is complete, simply log into the application. This post will assist you with the creation of an account on huobi global.
Once you have successfully read about the features of the app, click next to proceed to the subsequent slides. Once you reach this stage of of the startup process, select option 2 (experienced trader), then click Enable Now.

Once complete, you may choose to add a pattern for quick logins but it is not compulsory as that might be of a lower security as compared to your manual password entry.

HUOBI PRO HOME INTERFACE

The home interface of the huobi pro app is both user friendly and quite comprehensive with lots of products and services to offer their customers. It displays the hottest products and most recent developments at the very top as a form of promotion to notify traders about the top opportunities available for them to earn some profit.

It has carefully sorted tabs each for its Markets, Trades, Futures and Balances.

It also features the real time prices of some vibrant crypto currency pairs on their platform. These are ;

BTC/USDT
ETH/USDT
HT/USDT
USDT/HUSD

An option to buy crypto assets with fiat currency as well as amazing services such as rebate, yield farming, welcome bonus, eth 2.0, HT Mining, Lucky Draw, USDT Futures, Polkadot ECO, Defi Zone and Huobi Savings have all been listed.

HUOBI PROMOTIONS

The ongoing promotions on huobi global have been programmed to appear as a slideshow at the very top of the home interface. Upon clicking on your preferred service, you will open the corresponding page of clicked item where a step by step guide has been provided by them.

Currently, there are 8 ongoing promotions here. These are;

$170 Welcome Bonus
Up to $1000 trading rewards
Stake to earn 23.33% APY on BETH Trading
Stake to earn a starting 8% APY on LINK & AAVE
Stake ENSURE to earn a starting APY of 260.70%
Huobi Eco Chain (Heco) Testnet
Newly Upgraded VIP recruitment on Futures
Huobi Affiliate Program

BUYING CRYPTO ASSETS

In order for their users to carefully understand how to safely purchase any crypto assets without encountering any challenges, tutorials have been provided. These are very concise tutorials that would teach you in no time.

They are grouped into 3;

Buy Cryptos (FIAT).
Crypto-crypto (Exchange).
Fast deposit (deposit).

FIAT

For easy purchase of crypto assets with FIAT currency, this 55 seconds video has been provided to assist their users.

However, It must be noted that you must complete your KYC verification in order to be able purchase assets this way.

DEPOSIT

Learn how to make a deposit on Huobi Pro in a matter of 13 seconds. This is because there are just a few steps needed to make your deposit. They are as follow;

Enter Balances
Select Deposit
Select a coin
Scan the QR code/ copy the wallet address

EXCHANGE

This is a 33 seconds video that would guide you to make your first trade on this exchange. It also shows you important side bars in the trading app as well as useful features such as Market, Open orders and Order History, all in this same video.

Note: These tutorials are packed and might be faster for some users which is why an option has been provided to choose your speed preference as seen below.

HUOBI PRO USER PROFILE

Here, you are able to view the details/progress/accomplishments of your user account. This allows users to know if they are on track considering their objectives on this exchange platform.

LEARN VIP LEVELS/PRIVILEGES

There are six VIP levels on Huobi Pro. For a new user, you will automatically be given the ordinary user status and must meet a certain requirement before you can be granted the Advanced status, Insider, Premier, Ambassador and finally, Partner.

For each level you reach, you will unlock some benefits you see below to make provide you with an even smoother trading experience.

You can learn more about the Huobi VIP conditions here.

ORDER MANAGEMENT

The Order Management provides a detailed transaction of your past activities the fee settings. This includes your trading pairs, orders and type of trade (BUY/SELL)

FEE SETTINGS

As indicated in my first post about this exchange, any new user on this platform has 15 days from the registration time to complete a certain number of tasks in order to earn some point cards. These point cards can then be redeemed and used to adjust your fee settings, thereby reducing your transaction fees. You can also activate the HT (Huobi Token) deduction based on your HT holdings to reduce your trading fees as well.

Currently, fee rate for both makers and takers are 0.20% each. Activating theUse of HT deduction/Use Point card to deduct would reduce this percentage and allow you to enjoy a lesser fee rate.

Here, you can also learn more about crypto-crypto exchange rates, leverage coin loan interest and fiat trading rate.

In order to enjoy most of the trading services Huobi Pro has to offer, you must complete the KYC (Know Your Customer) verification process. This enables you to access the fiat trading option and inreases your withdrawal limit.

To do this, visit your profile and click on Verification.

The following details are required;

Nationality
Given Name
Surname
Passport/ ID Number

Your submitted application will be reviewed and a feedback will be provided within 24 hours. If your application does not meet their KYC verification requirements, you will be informed and given a chance to try again.

FLOATING WINDOW

There are several crypto traders who may want to keenly follow the price of a certain currency but might not necessarily want to search for it. Also, at times having to search for the price of an asset of a cryptocurrency pair can be a bit of a challenge to some users especially if they do not know which platform's price to trust.

Fortunately, the huobi pro application has made provision for users to enable their floating window option and choose the currencies they would like to follow.