Anyone traded on Huobi? I have doubts with their trade volume

[sn0wfox]

I was just wondering if anyone has traded on Huobi before? Is it easy for a non-Chinese to trade on their platform as my Chinese is quite poor.

Also, it seems like that they have the largest trading volume, but there have been lots of rumours about them faking the volume...and I'm starting to believe that it's all fake too. The trade volume is ridiculously high compare to other platforms like Bitstamp, BTC-e, BTCChina.

[dreamspark]

Well do you know any chinese or is it just poor? If its not good enought to get away with (try and read the sight only you know your chinese ability) then your going to struggle trading on there.


In regards to their volume this is attributed to the 0% fees. The Huobi ceo addressed this issue in a coindesk article 2 days ago.

[sn0wfox]

Well do you know any chinese or is it just poor? If its not good enought to get away with (try and read the sight only you know your chinese ability) then your going to struggle trading on there.


In regards to their volume this is attributed to the 0% fees. The Huobi ceo addressed this issue in a coindesk article 2 days ago.

Yeah I only know little Chinese to get by with, but I wouldn't be able to read everything on the website. I know that BTC China has an English site, do you know much about trading with them?

I also read the article, but still quite sceptical about it.

[Bit_Happy]

Well do you know any chinese or is it just poor? If its not good enought to get away with (try and read the sight only you know your chinese ability) then your going to struggle trading on there.


In regards to their volume this is attributed to the 0% fees. The Huobi ceo addressed this issue in a coindesk article 2 days ago.

I've heard of Huobi, but 0% fees? How do they make money?
Interest on margin trading is that part of it?

[zephen]

I've heard of Huobi, but 0% fees? How do they make money?
Interest on margin trading is that part of it?

I think that's all of it.  Apparently their interest rate is something like 0.4% per day.  And if I understood the articles correctly (reading between the lines), you probably can't withdraw if you owe them anything, so they are probably operating with very little risk.

Seems like a good business plan, but it's more Vegas than stock market.  OTOH, I would imagine that with such a business, you get the additional non-deductible expenses of paying off the mob and government, so maybe the margins really aren't all that.

[sn0wfox]

Well do you know any chinese or is it just poor? If its not good enought to get away with (try and read the sight only you know your chinese ability) then your going to struggle trading on there.


In regards to their volume this is attributed to the 0% fees. The Huobi ceo addressed this issue in a coindesk article 2 days ago.

I've heard of Huobi, but 0% fees? How do they make money?
Interest on margin trading is that part of it?

Exactly my question! Nothing is free these days.

[BunnyToken]

I traded at Huobi. It's okay, usual graph from tradingview. But daily withdrawal limit for unverified account is just 0.1 BTC

[sorrysteve1]

The volume is probably just so high because of the 0% fee that they offer. It makes it a swing traders paradise and even for regular people it would save them a lot. Compared to Binance offering 0.1% fees that's $10 for every $1000 you trade, some people will be doing 100 times that or more per day.

[juicyjanet88]

I've traded there with little problems. I'm also not sure why Chinese is an issue, you can do everything in English and it's not a problem at all? Their volume isn't that large, they're about the 4th biggest exchange.

[amzadabir]

I think it's up to 90%? Not 70, 50, or 20? You can see in the videos or check on Huobi how many of those trades compared to normal ones. But also if you open Huobi page on the coinmarketcap you will see that most traded pair today is IOST/ETH with 143kk$ volume. Weird part here is that it's ETH, because all other most traded to BTC or USD. IOST is very cheap in absolute numbers so its price in btc only has 3 digits besides zeros, like 0.00000346 therefore it's regulary trades without spread. Therefore it's impossible to cheat by putting trades between the spread. But ETH price has extra digit, trade has spread and it can be reason why volume here x12 compared to IOST/BTC.

[salterious]

Not traded on Huobi but I did notice on BitZ, OkEX, Upbit, Coinone there was fishy activity. Funny enough most of those exchanges are top exchanges, I wonder if any of them would be top if we took out the wash and fake volume present.

[Welhell]

I have no information about this exchange. I can offer you a great and respectful change, because they do not want to force their reputation for money. In my opinion you can use Bitfinex, Binance, Bithump and others.