Huobi challenge, My day two entry

More about huobi, its establishment, how it works and how to withraw on huobi wallet

Huobi happens to be the first platform for crypto and trading that started offering its services in the whole of asia. its leaders is an experienced and proficient computer engineers who has a strong background and has been working with oracle.

huobi establishment was with a vision to take over and replace a currency called fiat in other to secure a digital cryptocurency for the people in the world. The companies mode of operation was based and focused only on chinabefore it was later expanded in his operations in some countries across the world. Huobi's network has made it a success in taj
King the third place among other cryptocurrencies platforms dealing with daily trading volume in the crypto market.

this exchange made sure he created a good name for itself in the cryptocurrency world by making sure it established a successful platform for trading with good reputation and made sure the reputation increases based on inception. millions of people trust the website and also deposited their money on huobi platform. huobi made it to the league of the big 3 companies like okcoin, BTCC and huobi are the most accounted for in the bitcoin trading for the whole region.
Huobi global launches its own services into other countries of the world and also made inclusion of other cryptocurrencies than Bitcoin because the local government changed the rules and regulation for crypto exchanges and digital currency businesses.

Advantages of Huobi

1. Huobi has 24/7 customer support
2. Huobi is on ios and android app which can be download on playstore
3. Huobi now accepts credit card payment
4. Huobi has a flat fee of 0.20% and came with a discount when holding huobi token
5. Huobi has a six years plus of digital assets services

Huobi now deals with a decentralized and anti denial of service attack protection. mostly over 98% Huobi funds are stored in a protected multi layered storage called cold wallet.

How to create Huobi Account

Huobi accounts creation doesnt take time, its done within a matter of minutes. here are few steps in creating your account as i did mine

1. you visit the Huobi website
2. Then you select your nationality from thre drop menu, and then enter your email address or your phone number and set up your password
3. agree to their terms and conditions
4. Then click on Sign up and your account is very much ready

After going through such simple steps, your trading account will be created easily and after then you will get a code from the companies official email address at your registered email account. and after all this is done and the reuie=red field as been filled, then your account will be confirmed

** Verification of Account**

After your account have been created, then you can verify it yourself. As to do that. You will follow the below steps

1. you log in into your account
2. Click on the profile icon which you see at the right corner of the platform page
3. THen you check in the dropdown menu, click on the verification tab.
4. Your details must be filled into the required field such as your Nationality, government issued ID card, including your first and last name.
5. To finalize your account verification, click on the verify button to apply.

within 24 hours that your verification has been applied, huobi will send you a responseas per the verification of your account. the processing varies from time to time as per hindrance in the verification process.

We have two levels on the website for verification

level 1

level 2

Level 1
For this level one verification, all you need to do is drop your legit First and Last name, your residential address, date of birth and the last four digits of your social security number if you have

Level 2
For level 2 verification, you have to provide a picture of yourself holding a placard. and all your information provided must be publicly verified.

How does huobi Work

Huobi is generated from a mandarin word will literarily means curency, the exchange has been for a very long time in the crypto scene and it has been ranked in the top three exchanges in the world and also in terms of liquidity and volume. meanwhile with time passage, some new names entered the market with big and more funds and huobi almost lost its spotlight in the top three. but huobi still manage to be a part in the largest crypto exchange in the world as one of the top ten.

Guide on how to trade at Huobi

1. First log in to your account

2. then you need to be sure you have enough funds in your account.

3. click on exchange and select your best pair to trade withlike USDT or BTC

4. scroll down and then choose between limit order or market order

   1. market order will be accessed immediately while
   2. limited order needs the seller's consent to get filled

5. make sure you fill the amount and select your preferred order

6. then you click on buy BTC

After the order is being filled, all currencies being bought easily refelct in your account. after buyiohn the cryptocurrency, you can check the availability of all your assets by clicking on the Balance button which will be visible on the upper right corner of the screen.

How to withdraw USDT to Huobi Wallet from Exchange

Wallet

An E-wallet is a type of card or component which is mainly used for online transaction which are made online through a smartphone or a computer. its usefulness is also like a debit card or a credit card which is linked to an individual accounts to make payment.
E-wallet can be classified into two components which are hardware and software. The software components are used for saving personal data and information which also serves as security provider and also encryption of such data.

1. Fill the withdraw address

First open huobi wallet on your smartphone or computer, then click Receive USDT. Once backing up Mnemonic phrases, you can click the copy button and paste your address to “Withdraw Address” in the Exchange App.

Image source : Google

1. You need to remember that each Exchange cost up a minimum withdraw amount. Please fill in a number higher than the minimum amount.

The last step is to click Withdraw button and input the verification code based on withdraw flow. Once you withdraw successfully, the exchange will send you the notification by text message. You can refresh the Huobi Wallet in a few minutes to see the change of your balance but there may be some delay due to the network, please wait patiently.

Thanks for your time

Here is my part two of my own entry of the huobi challenge

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