A cryptocurrency exchange, or a digital currency exchange (DCE), is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Exchanges may accept credit card payments, wire transfers or other forms of payment in exchange for digital currencies or cryptocurrencies. A cryptocurrency exchange can be a market maker that typically takes the bid–ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.
Having dropped my entry for the 7th Anniversary celebration of Huobi, I want to give more details about how the exchange platform works... In my entry post, we discussed "How To Buy cryptocurrency on Huobi now, let's talk about how to sell on Huobi, How To Exchange cryptocurrencies and P2P market on Huobi.

Let's get down to business then.

(Image downloaded from https://www.google.com)

How To Sell on Huobi

Selling of coin on Huobi is similar to buying as explained in my first post.
Selling of cryptocurrencies on Huobi is quite simple and straight forward nevertheless, the following steps should be taken for successful sales of cryptocurrencies or tokens;

• Ensure you have the currency you want to sell in your wallet.

(Screenshot from https://c2c.huobi.com)

• Click the "buy crypto" icon at the top left side of your Huobi Account homepage.

(Screenshot from https://c2c.huobi.com)

• Select "Buy/Sell" at the top left corner of the blue page revealed.

(Screenshot from https://c2c.huobi.com)

*Select the "Sell" icon on the mini page revealed.

(Screenshot from https://c2c.huobi.com)

• Select the exact coin you want to sell i.e either BTC, ETH etc

(Screenshot from https://c2c.huobi.com)

• Also, you will select the currency at which you would like to be paid. After which you

• Click sell at the lower part of the selling page once everything step above has been taken.

How To Convert From Coin To Another On Huobi

This is also done in similar steps to the buying and selling processes.

• Click the "buy crypto" icon at the top left corner of the homepage.

• A blue page will be displayed where you'll click "buy/sell" then,

(Screenshot from https://c2c.huobi.com)

*Select "Convert" and input first the cryptocurrency you want to convert and also the coin you are converting to.

• Click the "CONVERT NOW" key to authorize the conversion process.

(Image downloaded from https://www.google.com)

P2P Market

This is known as the peer-to-peer market. This is a market where buyers and sellers with the same currency or from the same country meet to transact with each other.

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How does P2P market operates on Huobi?

Huobi has presented Nigerians users with a peer to peer platform that allows trading in Naira. Huobi has launched a P2P Platform for Nigerians with an offer of peer-to-peer trading services in our country. This service comes with zero transaction fees for exchanging bitcoin core (BTC), ethereum (ETH), and tether (USDT), EOS, XRP, LTC, HT, HUSD, BCH, ETC, BSV, DASH and HPT.
This service makes it possible for Nigerians Huobi's users to be able to buy and sell their cryptocurrencies with support for transactions in Nigeria Naira (NGN).
These features had provided a solution of buying and selling digital assets with NGN for all Nigerians users.

(Image downloaded from https://www.google.com)

The Huobi P2P Trading Services falls under Huobi OTC (a proprietary peer-to-peer platform that allows users and merchants to trade digital assets with their local currencies).
I want you all to note that every registered Nigerians user of Huobi can log in to https://otc.huobi.com to trade digital assets with NGN. Again, if they want to trade more cryptocurrency that have high liquidity, they can transfer the asset to Huobi global with zero transferring fees.

My Views On Huobi

With this peer-to-peer marketing on Huobi, Huobi is surely a bargain in the cryptocurrency exchange market and a force to be reckoned with.