Huobit Compliant Review

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Huobit(huobit.io) is a cryptocurrency exchange that offers all the services ranging from trading to staking. The platform has a crypto inspired theme and looks convincing enough at first glance. Regulatory stance is not clear, but appropriate disclaimers can be found on their website.

Owners or teams have maintained anonymous profiles and it is indeed hard to verify few of their claims. While cryptocurrencies as a whole still continue to grow, one needs to be careful while navigating this space. Choosing a broker is obviously a critical step and this part should never be overlooked.

Continue reading to know whether this platform is something that deserves your attention.

Huobit Overview

 

As we mentioned before, Huobit is an all in one crypto platform wherein investors can get into staking, buy new tokens or trade derivatives. Investors typically like everything under one umbrella. However, safety of funds is a crucial thing that needs to be ensured. Australian authorities have issued a warning against this platform.

So, it is clear that their regulatory stance is musky and that is a huge concern. Trading conditions and fees are also not transparent. In short, taking a chance with them will likely yield worse odds than gambling. Ask yourself, is it really worth it?

 

Support

 

This platform does offer live chat support, but that’s about it. In case you don’t get an answer, there is no apparent way to escalate things. Also, there is no guarantee on the resolution time.

Isn’t this kind of trait typically displayed only by murky unregulated entities? The writing is on the wall and one has to be wise enough to see through the veil.

 

Is Huobit Scam or Legit?

 

Huobit is most likely a scam, it depends mainly on your region. Nonetheless, never entertain them for your own good. For some reason, if you want to try them out, wait for the social proof to emerge.

Even then, it is best to put in a tiny amount that you can afford to lose. Lastly, don’t forget to run the scenario with your financial adviser. The first rule of the market is always to protect your funds, then comes the growing part.

 

Conclusion

 

Thousands of platforms emerge in the crypto space on a monthly basis. Obviously, the interest is sky high, but don’t let it blind you from seeing the obvious points. Always follow a skeptical approach and the second you feel like something shady is going on, report them to the relevant authorities.