Spotlight on Huobi | Advantages and Disadvantages of Huobi

in Best of India4 years ago

Screenshot 2020-12-15 at 9.59.07 AM.png

This is the fourth post in the Spotlight on Huobi series. I have learned a lot about this exchange. Well enough to come up with a post on the advantages and disadvantages of this exchange.

First, let's write about the advantages of the Huobi Exchange.

Advantages of Huobi:

1- The first is a lot of events.

2- Yesterday was less, but there are still events for new sign-ups or transactions, and like other exchanges, many new coin trading events are constantly being held. I have already covered an elaborate article on the new user bonus on Huobi.

One such event which helps to bring more people to this exchange is the VIP program that Huobi has going on. It is because of all such initiatives that Huobi has emerged to be such a popular exchange and at one point during this week was ranked number 2, just behind Binance.

3- The third is the many areas of asset investment.

Of course, there are also high-risk things like margin trading.

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Or there are various profit-seeking models.

There are these things, but they are all sold out today.

There are also savings products like this. 7% of USDT is a decent rate for fixed assets, and 3.3% of BTC is expected to increase in price and if you are planning to trade, you may be able to aim for additional profits by tying up.

Or there are short term investment products like this.

Several were opened today.

Besides that, if you look at the top menu, there are many things.

You will have fun browsing one by one and choosing the product that suits your preferences.

There are many other advantages besides anything else, but maybe big exchanges have a lot of things in common, so it doesn't seem like a novelty.

No exchange comes without any downsides. Huobi too has a few.

Disadvantages:

1- Translation: I have seen many people complain about the poor translation service that Huobi has going on. It is very hard to see the entire site is translated. Most of the time, the banners are not translated and remain in English. This might be inconvenient to some.

It keeps coming out like this on two shows for a few days.

As a personal guess, I think that the team behind the creation of the banner has slacked a bit over here. To get banners translated, they have to be created in multiple languages.

Anyway, the main net that connects with Ethereum, which is the meaning of the existence of HT coin, is also coming out, and Huobi's move is increasingly expected.

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