Huobi Token

What is Huobi Token?

Huobi Token, in short HT, is a native token of centralized Exchange Huobi Global founded in 2013. The token was initially launched on Ethereum Blockchain but now is also supported by Near protocol.

What is Huobi?

Huobi Global is a centralized exchange that supports all popular networks including Ethereum Blockchain, Binance Smart Chain, Bitcoin network, and more. Currently, the platform ranks in the top #15 in terms of Spot market capitalization worldwide and also has a very strong presence in Asian Markets. Founded a decade back, Huobi not only provided traditional trading services but also features advanced options such as cryptocurrency loans, staking, yield products, futures trading, and more. It was initially founded with the aim of providing a crypto trading platform for people within mainland China or beyond. However, it swiftly grew to establish itself among the top global exchanges offering more than enough liquidity for bitcoin traders.

But the altering regulatory environment within China compelled Huobi to shift its cryptocurrency trading services overseas in 2017. The firm then incorporated itself within Seychelles and established a new headquarters within Singapore, with the aim of expanding into other Asian markets or the world at large.

Who created Huobi Token?

Leon Li founded Huobi in 2013 in Beijing. He is a former student of Tsinghua University and worked at Oracle as a computer engineer prior to starting the Huobi exchange.

Huobi Token vs. Binance Coin

By far, Binance Coin (BNB) outperforms HT in terms of value. This is because BNB is currently between $300 to $350, and HT is only trading around $3 to $3.5.
The same is true when comparing the market capitalization, daily trading volume, and every other stat between the two.

However, while the HT token itself might not be as valuable as BNB, it might offer more utility in some aspects. For example, the Huobi exchange might have more to offer in terms of security due to the measures it has taken to protect its investors. And then there are its promotional aspects, where holders can gain early access to every new listing of tokens on the exchange and more. So, at the very least, HT holders might feel more secure, with the promotional aspects serving as good incentives to hold on. Still, BNB might be a preference over HT for many, mainly because of its long-term growth and overall utility within a vast ecosystem of decentralized applications.

Huobi Token vs. KuCoin Token

In terms of price, KuCoin (KCS) is currently valued higher than the Huobi Token, with a price of around $8. However, the HT token’s market capitalization and other stats are higher. KuCoin’s market capitalization is a little over $750 million, while HT’s is more than $800 million. When it comes to other aspects, however, things tend to look a little different.

For instance, when it comes to security, Huobi might have a bit of an edge, especially considering the fact that the exchange has never experienced a security breach, albeit a DDoS attack in 2015. KuCoin, on the other hand, has been hacked before, with more than $250 million stolen in 2020. When it comes to incentives, however, KuCoin may have Huobi beat. For example, KCS holders who hold over 6 KCS are liable to acquire a daily dividend. This comes from 50% of the daily trading fee income of KuCoin. Therefore, overall, KuCoin, because of its incentivization and other aspects, might be a better option for certain holders.

Where can I buy Huobi Token?

Probably the easiest way to purchase HT, if you do not have an account on any other exchange that supports the token, is through Huobi Global. This exchange has a great number of tokens on offer at beneficial trading rates. However, if you want to purchase it from another exchange, you have several options. For example, you can buy the token on Gate.io, KuCoin, Binance JEX, Anyswap, AscendEX, and many more.

How to buy Huobi Token

1. Create an account

Make a new account or log in if you already have one on a cryptocurrency exchange that supports the trading of Huobi Token, such as Huobi Global or Binance.

2. Verify your identity

You need to go through the process of KYC by providing personal information and proof of identity, as required by the exchange.

3. Add funds

Store some funds in your account. This can be done by depositing cryptocurrency or fiat currency, depending on the exchange.

4. Select Huobi Token

Search for Huobi Token (HT) and select the trading pair you want to use, such as HT/BTC or HT/ETH.

5. Place a buy order

Purchase Huobi Token by placing a buy order with the amount of you want at the current market price or at a specific price you set.

6. Store in a wallet

Once the order is filled, you will own Huobi Token and it will be stored in your exchange wallet.

The process to buy Huobi Token varies depending on the exchange you’re using and the region you’re in. Also, always make sure to double-check the ticker and the blockchain name before buying any token, in order to avoid mistakes.

Is HT a good investment?

The Huobi Token provides its users with numerous benefits. A lot of these benefits tend to be similar to other exchange-based tokens, such as BNB. That said, there are others that are unique to the token, which is made to drive demand, liquidity, and even price.

For instance, a user can utilize HT to buy a variety of VIP status levels offered on the exchange. At times, Huobi will use its income from transactional fees to purchase Huobi tokens back. Furthermore, early access can be an enormous benefit in disguise, proving extremely valuable at some point. Therefore, through its VIP subscription service, users can acquire early access to tokens that will be traded on Huobi or at special events.

There are other benefits to owning the token as well, but, as mentioned previously, they are not unique to Huobi Global. Nonetheless, they can be significant and make all the difference if one is looking to invest.

HT appears to be among the leading cryptocurrencies this year. The reported successes of HT over the last few months have indicated that HT will be a profitable investment in 2023, which might make it worthwhile to check the token out.

Huobi Token Price Prediction

While there is no surefire way to accurately predict how much a token might be worth later on, there are several factors that can be considered when predicting prices. These include price variations, volume changes, similar coins, and market cycles.

So, according to the information gathered by thenewscrypto.com, the price of HT might hit $20 by 2025. Following that, it might see price increases of $3–$5 until eventually hitting around $45 by 2030. However, it should be noted that such estimates obviously vary from site to site. Some sites tend to be very optimistic in their predictions, while others tend to be more realistic. Hence, it is better if one looks at predictions from many sites, which would help in gaining a more general sentiment regarding the future of HT or any other token for that matter.

Is Huobi Token safe?

According to Huobi Global, the platform has served millions of cryptocurrency traders and has handled more than a billion dollars over the last four years. Then, there is its anti-DDoS attack system that, alongside its distributed architecture, makes cryptocurrency trading a lot safer. Furthermore, around 98% of the tokens on its platform are stored inside a multi-signature cold storage wallet.

A “cold storage wallet” is indicative of a cryptocurrency address that isn’t stored online and has extremely low chances of being hacked. This, in conjunction with other protective measures it has in place during trades and cryptocurrency buying and selling can lead one to the conclusion that the exchange is a safe place to store their funds.

We Coin-Labs.com provides only objective information about Huobi Token.
Therefore, we are not responsible for the investment decision in Huobi Token and the resulting loss.

Huobi Token Basics

Here are some factors that investors should consider before investing in Huobi Token.

Reliability Score of Huobi Token in 2024

These are indexes mesuring the investment reliability of Huobi Token conducted by Coin-Labs.com.

The table above shows the result of investment suitability evaluation for Huobi Token.
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Huobi Token Price

Here are the price and recent trading volume of Huobi Token. (Data of 2024-02-25 00:23:00)

Cryptocurrency Metadata

You can check the development status and social media information of Huobi Token through the links in the table below.

Where to Buy Huobi Token

Here are the top ten world crypto exchanges where traders can buy Huobi Token in 2024.

Frequently Asked Questions