Spotlight on Huobi Challenge exchange’s 7th anniversary. (How To Register, Verify Account, And Trade By @josepha)

What Is Huobi Exchange?

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Huobi is a renown cryptocurrency exchanges of Huobi Group. Huobi came into establishment in 2013, Huobi Group has been financed by Sequoia Capita and ZhenFund. Huobi has achieved a accumulative turnover of 1.2 trillion USD and once became the world’s largest cryptocurrency exchange with a global share of 50%. Currently, Huobi Group has invested in more than sixty upstream and downstream enterprises. It has established its headquarters in Singapore, South Korea, Japan, United Kingdom, Australia, Canada, Brazil and Hong Kong to provide its secure and capable cryptocurrency, trading and asset management services to millions of users in over 170 countries.

How to register and get started on Huobi
To register your account on Huobi is simple as ABCD
Step 1: Visit this website https://www.huobi.com and click on 'Sign Up’ on the right-hand side of the home page’s header.

Step 2: Fill in the form as shown below

• Register for a Huobi account using your mobile phone or Email address
• Please choose Nationality correctly as it cannot be revised after registration (I am from Nigeria so I choose Nigeria)
• Password must be 8-20 characters with at least 1 letter. It cannot be only numbers. Example of a valid password: j5o23se5ph
  Step 3: Login to Your mobile phone or check email to get the register code
  Step 4: Input Your register code and click ‘Confirm’
  
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  You will receive a message, telling you;
  Congratulations, you have completed your email or mobile phone registration. Now you can login to your account!

How To Verify Account (KYC), And Get Full Access?
Although KYC verification is not compulsory, you can decide to chooses not to complete KYC, And you can continue to trade on Huobi platform. I will suggest You complete the KYC verification in other to gain full access. The KYC information will help You recover Your account quickly, If they is any malicious act.

Any Users who complete KYC verification will be giving a rewards worth $170, also be participate in the Token sale (IEO).
Besides, if you complete the KYC verification You will enjoy a higher daily withdrawal limit.

• Non-verified Account: Is limited to withdraw 2 BTC per day.
• Verified Individual Account: Can withdraw 100 BTC per day

Verification Procedure:
Step 1: Login to Your account and click on the Account tab. Under your “Profile” icon, Click on “Verification” in the drop-down menu

Step 2: Fill in your details in all the forms provided
Kindly follow the below requirements strictly to prevent a delay in your verification process. Your ID can be passport, ID, Driver licence

• Name and country must be exactly as shown in your passport. You're advise to include your middle name (if any), in either of the name fields
• Points to take note for the Photo ID upload:
• Please you're advise not to upload scan or copy version
• Formats supported include PNG or JPG format
• The document must be smaller than 5MB
• Information in the passport/identity photo, especially the passport/identity number and the name, must be clearly visible without any modification or obstruction.
  Then you have to wait your verification to be processed within 24 hours and once all your documents have been correctly submitted.

If it's successfully approved, you will receive and email or the page will show as below

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How to trade on Huobi
Users can deposit, trade and withdraw Bitcoin, Ethereum, Steem, and other cryptocurrencies and benefit from an advanced trading interface.
Huobi provides users with a large selection of digital assets & order types to help customers optimize their trading strategy. It has both Margin and Brokerage (OCT)

Margin Trading refers to the practice of using borrowed funds from a broker to trade a cryptocurrency asset, which forms the collateral for the loan from the broker. Such use of leverage can magnify gains.

From this, we can see that the first step of Margin Trading is to loan funds. With loans, you can trade. You can choose to long or short a certain coin. Finally, you need to repay the interest. Margin trading on Huobi requires collateral in order to support up to 5x leverage initially. When users transfer their BTC, ETH, USDT, XRP, etc assets to their “Margin Account”, all account balances can be used as collateral.

Huobi Brokerage is a kind of cryptocurrency derivatives. Users can make a profit from the rising/falling of digital currencies prices by going long or selling short based on their own predictions. BTC/ETH/EOS Contracts are available on Huobi DM. The face value of a BTC contract is $100 and that of ETH and EOS is $10. There are weekly, bi-weekly and quarterly contracts. The choices of leverage are 1x, 5x, 10x and 20x. DM offers 7*24 trading services and the delivery time is 16:00 (GMT+8) every Friday.

If you have already used Huobi, your experience of using the platform
Although I have created and account with the platform even downloaded it app on my phone. But I Stop at the verification procedure of which I have try severally to complete my KYC but I couldn't because I didn't have a plastic ID but paper. But my friend is fully making use of the platform so sometimes I do help him to trade on the platform of which I can say the platform is good to use. The problem with the platform here in Nigeria is the OTC market, you’ll hardly see any listings for buyers or sellers who desire a currency other than the Chinese.

Thank You For reading this....

This write up is to be continued please stay tuned

All the images use here are screenshots taken from Huobi Webpage.