Trading with a bot on Huobi

Trading with a bot on Huobi

The Huobi trading platform is quite popular today. Many in the cryptocurrency community know or have heard of this platform.

This is not surprising, as the platform appeared back in 2013, just four years after Bitcoin. Huobi can rightfully be called one of the oldest and most successful cryptocurrency exchanges. Even today, it is still among the top 20 cryptocurrency platforms according to CoinMarketCap.

Users trust Huobi with their savings, as the platform pays a lot of attention to improving personal data security. It is also possible to engage in automated trading with the help of a trading bot.

Huobi history

As we said earlier, the platform appeared in 2013. Engineer Leon Li, together with his own company Huobi Group, decided to give life to a platform where there were trading simulations.

However, it didn’t last long, and after just one month, the platform began to support real transactions in the first cryptocurrency, Bitcoin.

In addition, by the end of the year there was good news for the company, namely that Chinese businessmen decided to invest in it.

After a good influx of investment, the Huobi platform began to grow rapidly. Things were going pretty well until last year.

The fact is that in 2017, the Chinese government decided to launch a campaign against cryptocurrency exchanges.

After that, the project team had to move to a new location, and the choice fell on Singapore. Today Huobi is headquartered there, but it also has many branches around the world.

To attract clients from Europe,  the team bought out the BitYes exchange, which was popular at that time, with many European traders among its clients.

The work on development and expansion of representation on the international crypto market has never stopped: the technological base is being improved, listings are being expanded, and additional opportunities appear.

Registration and verification on Huobi

Registering on the website is not difficult even for a newcomer, as the platform has 12 languages to choose from.

The basic registration procedure is no different from this procedure, which happens on other platforms. You will need to enter your email or mobile number, come up with a password, agree to the rules of the platform and then confirm your account with a six-digit code, which will come to the previously specified E-mail.

You don’t have to go through the verification procedure on Huobi, but you should pay attention to the fact that if you decide to skip this point, there will be large restrictions on withdrawing funds. Also, your account will be less protected from intruders.

It is also worth securing your account with two-factor authentication. There are three ways to deposit on Huobi: cryptocurrency, stablecoin or fiat.

Withdrawing is quite simple: next to your desired coin there is a “withdrawal” option, clicking on it you will need to specify the address where the funds will be sent. But keep in mind that each token has its own fee.

You can also trade on Huobi with an automated trading bot, which will save you time and potentially generate passive profits, with the right configuration and trading strategy. The Huobi trading bot is a revolutionary tool for automating cryptocurrency trading.

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