Huobi Global cryptocurrency derivatives
What is Huobi Global?
Huobi Global has been in business for so many years and is known as one of the leaders and trendsetters in the industry.
The exchange is available in various languages such as English, Chinese, Japanese and other local languages. This language option provided by the platform allows users from other countries to easily navigate Huobi Global.
Huobi Global derivatives trading platform offers one of the friendliest user interfaces. This makes it easy for new users of the platform to navigate the Huobi Global website. In addition, the website also offers a Tradingview feature where users can chart or use their favorite indicators. What's more, the platform also supports more than 10 languages from around the world. Hence, exchange users can fully maximize their experience of using the exchange. Another feature is derivatives trading. Unlike some other exchanges, Huobi does not incentivize its “normal” users to make liquidity through a taker-maker model. Whether you place new limit orders that add liquidity to the exchange, or simply accept orders from the order book to remove liquidity, the default trading fee is the same - 0.2%. This fee is higher than many other major exchanges, which typically charge between 0.1% and 0.15%. However, it is important to add that trading fees on Huobi can be reduced. Those who use Huobi Token enjoy fee discounts. Huobi guarantees a high level of security. 98% of user assets are stored in a multi-sig cold wallet, and only 2% are in a hot wallet for fast withdrawals. In addition, Huobi maintains a fund to compensate users in the event of a hack or other unforeseen event. To ensure the personal security of user accounts, Huobi allows the use of two-factor authentication keys. You can also set up email confirmations for withdrawals and other account requests.
What are derivatives?
A derivative, or derivative financial instrument, is an opportunity for a market participant to liquidate his contractual obligation to another participant by paying or receiving a monetary difference between this and the opposite obligation, provided that he does not violate the contract.
Huobi Global derivatives in Kenya are in high demand among traders.
For investors, the most beneficial aspects of working with derivative financial instruments are:
- Sufficient decision flexibility. Counterparties execute transactions with various types of derivatives traded on stock exchanges.
- The cost of financial transactions is reduced, as the costs in trade relations are falling.
- Cuts the risk of monetary losses in case of unsuccessful investment in derivatives.
- There is a minimization of the volume of investments required to work with a particular asset.
- An impressive selection of tools.
- The certainty of future income and probable losses increases - the value of the contract is not adjusted by market factors.
The functions of derivatives go beyond investment portfolio applications. In fact, derivatives play a critical role in the development of the crypto industry as a recognized asset class.
With derivatives, the user has more options to diversify multiple crypto assets and develop advanced trading strategies to generate excess profits. Professional traders can now develop complex trading strategies such as short selling, arbitrage, pair trading, etc. The availability and development of these complex strategies will further increase the market liquidity of underlying crypto assets.
Derivatives are mainly used to hedge downside risks and protect the portfolio from high price volatility in crypto assets. This is an important aspect in attracting institutional interest in the crypto industry. Professional traders are always concerned about the overall exposure of a portfolio to tail risk events. Without a derivatives market, a professional trader holding a long position in a certain cryptocurrency will not be able to protect their portfolio from unexpected risk.
Don't hesitate to buy Huobi cryptocurrency derivatives in Kenya.
Huobi token
Huobi Tokens (HT) was originally released in 2018 with a total supply of 500 million. The HT token can be used for fee discounts, voting on exchange decisions, and gaining early access to special events. In addition, you can earn crypto rewards from seasonal buybacks and trade with other cryptocurrencies listed on the Huobi cryptocurrency derivatives trading platform.The HT token is sold on the exchange, giving bonuses to holders. You can also buy VIP statuses for it and participate in the listing of a particular coin.
To receive reduced commissions on the platform, simply hold HT in your wallet, use it for trading fees. So you can lower your fees from 0.2% to 0.07%. However, this will depend on your holding amount.
How to trade Huobi Global derivatives in Kenya?
Huobi Global derivatives trading is completely transparent and does not have any additional fees!
To start trading using leverage, you need to select the "Margin" button at the top of the screen. Borrowed funds are available for both long trading (for an increase in the price of an asset) and short trading (for a decrease in value).
Borrowed funds allow you to buy more cryptocurrencies for trading, but in case of an error in the forecasts, the losses will also be significant.
Having entered the "Margin" section, you will need to perform the following steps to start trading:
- choose a currency pair
- replenish the margin account (using the "Enter" button)
- confirm the operation
- choose a transaction option
When the order is closed in plus, the trader returns the borrowed money to the exchange, and keeps the net earnings for himself.
How to register ?
Huobi cryptocurrency derivatives trading will help you achieve all your goals and plans.
Huobi has a simple registration. To create an account, go to the main page and click on the register button. After that, the user will be redirected to a page where you must specify the country, phone number or email address, as well as a password. Accept the user agreement and click on the registration button below.
Now you have an account on Huobi, it's that simple. To increase the withdrawal limits, you need to pass verification. To do this, enter your personal data and upload an identity document.
Register now on Huobi Global crypto derivatives trading, because the registration process itself takes a minimum amount of time, after that you will have the maximum number of opportunities!
How to withdraw money using the Huobi app?
Withdrawing funds takes a minimum amount of time and for this you will need to do the following:
- Register on Huobi App and click [Balances].
- Click [Withdrawal] and find the token you want to withdraw.
- Select chain(Please make sure you select the same chain as the platform or wallet chain you are withdrawing from. If you select the wrong chain, you will lose your funds.).
- Insert the address where you want to withdraw tokens and enter the withdrawal amount.
- Pay attention to the transaction fee and the amount that the other wallet will receive.
- Click [Withdrawal] and re-confirm the transaction.
- Click [Confirm] and wait for the transfer to be processed.
Trading commission
There are a large number of currency pairs available on the Huobi exchange. There are also different types of trading. But regardless of the type of trader's activity, he will pay a fixed trading commission for transactions. It is 0.2% for both the seller and the buyer. If you trade the platform’s internal token (HT), then the commission will be lower within the “support system”.
Huobi Global derivatives list
Buy now Huobi Global crypto derivatives in Kenya and start earning extra stable income.
Margin trading allows you to use your capital as collateral and borrow funds to open a position. The user can choose the preferred trading mode.
Huobi Cross Margin Trading allows you to prevent liquidation by keeping the total account for all of the user's open positions.
Huobi Futures is a place where users can profit from an increase or decrease in the price of a digital currency, either by going long or selling short based on what they think will be the outcome. Huobi futures accepts spread delivery. When the futures expire, all open positions will be closed at the arithmetic average price of the last hour based on the index, not physical delivery. To use futures, you must open a futures account and pass a risk check.
If you need to get hold of money but don't want to sell your crypto to free your money, you can use your crypto as collateral instead of loans. With Huobi Crypto Loans, approval and instant arrival are guaranteed. Simply enter the amount you would like to borrow from a wide range of tokens and the amount of collateral you require will then be displayed below. You can then choose between 30, 45, or 90 days of loan term and the repayment amount will be calculated. Huobi Crypto Loan Program was designed to provide individuals with easy access to loans; they mention on their website that there is guaranteed approval and instant funds.
Huobi allows you to trade USDT coins and swaps as a form of futures trading - no matter which option you choose, you will be given a large pool of tokens and trading pairs to choose from. Most of these tokens are mostly well-known large and mid-cap tokens, with the exception of a few smaller-cap tokens. These swaps are crypto derivatives that do not have a delivery date and allow you to earn money by going long or short.
European Spread Options are European-style options that help users implement an option strategy called vertical spread with ease. The strategy involves buying a call (put) and simultaneously selling another call (put) at a different strike price but with the same expiration date. European Spread Options allow users to set an exercise price range to cap potential profits in exchange for a lower premium. They are preferred by users who expect a moderate movement in the price of the underlying asset. Users who purchase options on the European spread will benefit if the price of the underlying asset changes in their favor and the profit from the option will cover the premium paid. While European Spread Options cannot be exercised before expiration, users can sell the option early to lock in profits.
Conclusion
As one of the largest and most popular exchanges, Huobi offers many services that will interest both investors and traders. Huobi Global crypto derivatives trading platform is constantly launching new products to best meet the needs of its customers. Below is a list of the main benefits:
- A large number of digital assets that open up huge investment opportunities for users.
- Margin, futures and spot trading in an accessible interface.
- Transparent team and history.
- Trusted and regulated stablecoin HT.
- Simple registration - you can start trading in just a few minutes.
- Low commissions with the possibility of their further reduction.
- High security.
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