What is the Huobi Exchange?
Huobi Global is a cryptocurrency exchange that provides a trading platform for cryptocurrencies and blockchain assets. The platform competes with other popular exchanges such as Binance and KuCoin and has a daily trading volume of several billion on its spot and futures markets.
Thanks to its success, Huobi has emerged as the third largest exchange ranked by volume. On the platform, users can choose from more than 620 different cryptocurrencies and 1017 trading pairs. One popular choice is Huobi’s own utility token, Huobi-HT. Huobi has also developed its own blockchain, HECO.
Is Huobi Global exchange secure?
Huobi Global has multiple levels of security to ensure that users’ assets are safe. All customer funds are kept in special cold wallets with multiple signatures that are checked regularly. In addition, the exchange has a special fund of 20,000 BTC, the Security Reserve Fund, which is used to reimburse customers in case of loss of funds.
Users can also set up their own security measures for better account security. This could include setting a trading password, linking Google Two-factor authentication (2FA) or using SMS authentication. It is also possible to add anti-phishing codes, where every email you receive from Huobi is attached with the anti-phishing code logo.
Despite all these security measures, it is always wise to store your cryptocurrencies in a private (cold) wallet for added security. If you want to know more about Huobi’s security, consult the company’s customer service.