A quick guide on how to buy Bitcoin for fiat currency via Huobi Lite App
Huobi Global launched a new mobile app, called Huobi Lite which enables the users to buy major cryptocurrencies via fiat with a couple of clicks. The current list of currencies includes BTC, ETH, LTC, EOS, HUSD, USDT, HT, XRP and BCH.
Have questions on how to use Huobi Lite to buy BTC?
Here is the step by step guide.
First of all, if you haven’t already, you need to download the Huobi Mobile app in the app store or on Google Play.
The Huobi Lite app can be downloaded here, Android or IOS.
Once you have the latest App version installed, login to your account and follow the below-given steps.
Click on the icon to enable the dropdown menu
From the dropdown menu, click on Switch to Huobi Lite tab in the bottom
After Switching to Huobi Lite, From settings, you can select your Fiat currency.
I have selected CNY (Chinese Yuan)
Now Click on BTC in home page (or any assets you like to purchase)
Click the “Buy” button (If you are selling click on Sell)
Input your needed amount and click Purchase.
You can see three different option for Payment
- Alipay
- Bank Card
Select your mode of payment and click “Confirm purchase”.
Transfer fund to the payee directly. Once finished transfer, Go back to Huobi Lite, click “Paid”, and click “Confirm” in the pop-up window.
Wait for the counterparty to confirm the payment and release the digital assets, then the transaction is completed.
Once the transaction is completed, you can check the digital assets and all your past order history in Wallet.
Currently, Huobi Lite Supports BTC, ETH, USDT, EOS, XRP, LTC, BCH, HT and HUSD and supports four fiat currencies namely Chinees Yvan, HongKong Dollar, Malaysian Ringgit and Vietnamese Dong.
Huobi Lite has set minimum and maximum amounts of currency to purchase. You can find the amounts in the graph below
About Huobi
Huobi Group is a world-leading cryptocurrency financial services provider. It was founded in 2013, with a mission to make the financial industry more efficient, and to make wealth more accessible to everyone. Currently based out of Singapore and with footprints in United States, Japan, Korea, Hong Kong, and it services customers over 130 countries across the globe.
Recently Huobi was in News for the HT burnt in February 2020. HT burned amounted to 4,213,900HT, a value of 18,195,800USDT, a 43.45% increase from January 2020. The total amount of HT burnt by Huobi Global as of March 15, 2020: 197,469,600 HT. This simply shows the increase in trading revenue of Huobi.
You can have a detailed read about the same here
Disclaimer: This article is not intended as investment advice. You should always do your research and invest your capital wisely. I don’t own the token, neither will I be rewarded in any way for writing this article.
