Huobi Clone Script-To Start Popular Crypto Exchange Like Huobi

Posted On December 10, 2019 at 03:58 PM
Updated December 10, 2019 at 04:04 PM
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What is Huobi Clone Script?

Huobi Clone Script is nothing but the readymade script has the existing functionalities, benefits, exchange options, security modules those who have present in the huobi crypto exchange.  You can just integrate our huobi clone script to start cryptocurrency exchange website instantly and securely.

Our whitelabel solution huobi clone script can make your cryptoexchange website with more then huobi exchange platform. Yeah, we are offering more add-ons and services which build your cryptocurrency exchange more than the huobi.

Let’s we know everything about huobi crypto exchange before you develop cryptocurrency exchange platform like huobi.

About Huobi Cryptocurrency Exchange:

Cryptocurrency exchanges are an inevitable part of the crypto market. Huobi is one a such crypto exchange which is one of the largest cryptocurrency exchange in the global crypto market. 

This exchange has successfully conducted its first Initial Exchange Offering for its new platform named Huobi Prime. And This IEO has been a positive one for the exchange.

Huobi Cryptocurrency exchange is looking to give investors a professional, secure, and honest transaction platform. According to the huobi crypto exchange website, the company has set up numerous places in Beijing, Chengdu,  Seoul, Shenzhen, Tokyo Singapore, Japan, and Hong Kong, and it still has certain departments which operate in China.

It allows users to exchange crypto for crypto, including the USDT token. Huobi Global features an advanced distributed system architecture built to protect against DDoS and other potential threats. Huobi is available for iOS and Android, Windows, and MacOS.

How Huobi cryptocurrency exchange works?                      

Though huobi cryptocurrency exchange works by the following business modules which have mentioned below.

Huobi token

Huobi offers a wide range of tokens which are traded, with the number exceeding 190. Plenty of major tokens are being traded such as Bitcoin, Ethereum, Litecoin, and Dash, along with numerous other ones. Unfortunately, there is no capability for fiat at this moment, though this is something looking to be rectified in the near future. Until then users can trade the currencies that are currently available.

Peer-to-Peer on Huobi

Many centralized exchanges serve as the sole, centralized market maker. In contrast, Huobi also allows you to trade over the counter (OTC). This means that you can buy and sell cryptocurrencies peer-to-peer on Huobi. Even though this option exists on the exchange, it has yet to gain adoption from traders.

Huobi Exchange Volume

Huobi Margin Trading

If you are a margin trader, Houbi has a separate platform specifically for this. You can access this by going to the margin tab in the header. The amount of leverage you can have varies from coin-to-coin. For example, BTC is around 3x. Compared to other margin trading platforms, this is low. Nonetheless, it is an attractive option for potential users.

Huobi Margin:

Huobi Leverage Market

In December 2018, Huobi Derivative Market issued BTC contracts and ETH contracts (including weekly, bi-weekly and quarterly, respectively), and flexible leverages, including 1x, 5x, 10x and 20x. In the future, more digital currencies will be issued to meet various investment demands. 

How Huobi is more secure for cryptocurrency trading?

Two-factor authentication

Huobi offers two-factor authentication as well as notifications via SMS and email, and PGP encryption. It stores over 98 percent of its users’ funds on cold storage platforms, offering another added layer of security. These wallets are monitored every hour of every day, and though there have been some reports of hacks previously, the hackers were not able to access the customer’s funds.

Huobi License

Huobi has licensure to operate in numerous places including the USA, which offer it a large share of the market to target. One does need to be careful given the company originated in China, and its stance on Cryptocurrency is not particularly positive currently. While this may change in the future, this is something to be aware of.

Cryptocurrency Options for Huobi Crypto Exchange:

Trading pairs

As of the end of January 2019, Huobi has 182 coins and 416 trading pairs. There are three major crypto markets for trading pairs (USDT, BTC and ETH) and one major fiat market (USD) for the US market. Some of the top crypto-to-crypto trading pair options (by trade volume) include BTC-USDT, ETH-USDT, TRX-USDT, EOS-USDT and EOS-ETH.

As of January 28, 2019, the only options for USD trading are BTC, USDT, and ETH. This is most likely because USD currency withdrawal and deposit services didn’t become available until January 4, 2019 for United States residents. Currently, for US residents wire transfers are the only option. Huobi also requires level 2 verification to access this feature.

Fees of Huobi Cryptocurrency Exchange:

Low fees of huobi exchange:

Huobi has a 0.2 percent fee that applies to both market makers and takers for amounts between $0 and $5,000,000 over the course of a 30-day period. In comparison, other top exchanges like binance have 0.1 percent fees. Meanwhile, GDAX has 0.3 percent fees.

In January 2019, Huobi Global launched a tiered fee structure that significantly reduces fees for higher volume traders. This is relatively competitive when compared to other exchanges. Users also have the option to reduce trading fees on Huobi by becoming a VIP member. This involves paying a monthly payment of HT, which varies depending on the membership level 

User Interface and Mobile App

Available on iOS and Android, the Huobi mobile app features most of the functionalities available on the web platform. You can even complete tasks like account registration and verification directly via the app. In Google pay the Huobi Global app has an average rating of 4.1 stars out of 3,730 reviews. However, in December 2018 and January 2019, some users have said that the Android app won’t let them login due to an error with Captcha. On the Apple App Store, Huobi boasts an average rating of 4.9 stars out of over 4,800 reviews.

About Coinjoker:

Coinjoker offers Huobi Clone Script to start your cryptocurrency exchange with readymade trading options, security, cryptocurrency options, low cryptocurrency exchange fees and more.

If you huobi clone script, you can build you cryptocurrency exchange website instantly and more securely.

We are Cryptocurrency exchange clone development company offers customized and multi featured crypto solutions. We have 10+ experiencing developing crypto exchange clone scripts with various templates and themes.

Contact our experts by just filling the form below.

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