Huobi is always on an innovative path. With their latest development, Huobi Lite, users of the platform, can now easily make Bitcoin purchases. Huobi Lite is similar to Huobi OTC, which was released last year. However, it is easier to use compared to Huobi OTC.
Moreover, Huobi Lite provides the best rates traders can find in the market, especially if they are purchasing with fiat. Through this innovation, Huobi opens a more accessible route through which the cryptocurrency market can grow an essential factor for the success of the decentralized market.
Using Huobi Lite
Using Huobi Lite is arguably the most straightforward way one will purchase Bitcoin.
Accessing Huobi Lite is simple. The first step towards purchasing cryptocurrencies via the platform is downloading the application on the various app stores it is hosted. The application is available for both Android and iOS, which covers most smartphone users globally.
After downloading the application, the second step is the secure registration on the platform. After registration, users are required to switch to Huobi Lite. This grants access to all the services and features available on Huobi Lite.
Having registered and switched to Huobi Lite, the third step is placing an order for the BTC desired. The application then links you up with a seller at the best rates currently available in the market.
After getting a seller, the fourth step is the transfer of the agreed amount in fiat to the seller from your account.
The final step is receiving the Bitcoin purchased in your account.
Several Crypto and Fiat Pairs Available
The above process is quite straightforward; thus, anyone who can follow instructions will easily purchase their desired Bitcoin.
Now, because Huobi Lite is still new in the market, the fiat currencies currently listed as available for trading is limited. The currencies are:
- US Dollar (USD)
- Malaysian Ringgit (MYR)
- Hong Kong Dollar (HKD)
- Vietnamese Dong (VND)
- Chinese Yuan (CNY)
These are currently the only currencies that users of the platform can use to purchase Bitcoin. As the use of the platform grows and becomes popular in other geographical regions, Huobi will likely add new currencies to accommodate its growing user base.
Apart from Bitcoin, Huobi Lite also supports the purchase of other popular cryptocurrencies globally. The list for supported cryptocurrencies will also increase as the use of Huobi Lite increases.
Supported cryptocurrencies in Huobi Lite are:
- Ethereum (ETH)
- Tether (USDT)
- Huobi Token (HT)
- EOS (EOS)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- Litecoin (LTC)
- HUSD (HUSD- Huobi Stablecoin)
Why Huobi Lite Makes Sense
Currently, it is not as easy to purchase cryptocurrency. In fact, in some cases, it is even dangerous. Fraudsters posing as cryptocurrency sellers are numerous in the market. Many have lost their investments to people posing as legitimate cryptocurrency dealers.
With Huobi Lite, users are assured of the safety of their purchases. Each registered user of the platform is required to fill a KYC form for transparency and safety during the period in which they carry out trading on Huobi Lite.
Further, because Huobi is a global brand, it will want to deliver its products and services without fail to maintain the goodwill that is has built over the years it has been in operation.
Purchasing cryptocurrencies over Huobi Lite is also very simple, straightforward, and secure. The steps previously outlined are the only requirements for purchasing cryptocurrencies in Huobi Lite. The ease of purchase is unlike any other service in the market.
Moreover, its availability is unrivaled. Users can access Huobi Lite by merely using their smartphones.
Among the most attractive features of Huobi Lite’s operations is that they will never charge any transaction fees, which provides a great incentive for especially the more regular and casual traders.
Huobi Token (HT) Burn Continuing as Planned
Huobi has kept its promise of burning Huobi Tokens (HT). The most recent and 22nd token burn took place on March 1st and removed over 147 million Huobi Token from the total supply. There have already been a total of three burns this year and follows on from the massive nineteen Huobi Token burns that took place in 2019.
Huobi Global Continues Strong Progress — Trading Volume Increases Over 31%
Despite the tough market conditions, Huobi Global has continued to make strong progress in many aspects of its services. The most recent Huobi Statistic has shown that the company has enjoyed a month-on-month 31.3 increase in aggregate trading volume in February 2020. The Huobi Chain Testnet was officially launched on February 29th, 2020. HT will be Huobi Chain’s sole utility token. Once the Mainnet goes live, Huobi Chain will announce HT-related events: e.g. pledge HT to be a Super Node, etc. The company is always on the path of growth; thus, users of Huobi Lite can be assured that Huobi Lite is a project that will last well into the future.
Further achievements during the most recent period, can be accessed via this link.
Huobi recently released is own blockchain in public beta, a sign that the platform is looking ahead in terms of service provision and improvement. Its strides have caused the HT token to significantly increase in value as more people adopt the Huobi ecosystem.
Users of Huobi Lite can also rest assured that the product will be a success. The success rate of Huobi’s products is nearly 100%, as most of the products they launched are still in use to date.
Join Huobi Lite today!
#Huobi #HuobiLite #HT
Disclaimer: Please only take this information as my OWN opinion and should not be regarded as financial advice in any situation. Please remember to DYOR before making any decisions.