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Is Rivian's IPO worthy of investors' attention?

Is Rivian's IPO worthy of investors' attention?

Shares of companies that produce cars are becoming more and more popular. For example, last year, the leader in demand for assets in this area was Tesla. This company has left its competitors far behind, but Elon Musk is not even going to relax. In recent years, there have been significantly more players in the market in this area, they do not have such high profits, but no less outstanding prospects.

One of such notable companies is Rivian. This is a large enterprise for the production of electric cars, founded in 2009. At that time, the company's products were of little interest, since undeveloped technologies and the minimum service life of car engines did not make them attractive in the eyes of the consumer. Automakers were increasingly paying attention to contact engines. Today, the actively developing Rivian is preparing its IPO for the end of 2021. According to the forecasts of experts from Amazon, Ford and Cox Automotive, from which Rivian has already received support, the issue of the first block of shares of the latter will be a real event.

Today, the situation in the field of "green energy" has changed dramatically. The companies are actively searching for an alternative fuel to hydrocarbons, and the electric fuel fully meets the quality and environmental requirements. Rivian cars are popular today. Take, for example, the case of a flight into space on his own spaceship, Joseph Bezos. It was in the Rivian car that the astronaut arrived at the cosmodrome. It was precisely because of the growing popularity of the company that it decided to issue shares for the first time.

The plans to capture the market from the management of Rivian are really impressive. First, it is important for them to "capture" the US market, and then – the world market. In the last few months, the company has begun to actively increase production in the United States. By the end of the summer of 2021, it was announced that the construction of new production facilities on the territory of America would begin, since the only plant functioning normally in the state of Illinois is no longer able to cope with the volumes.

Amazon and Ford have already invested $2.5 billion in Rivian. In 2019, a landmark deal took place, as a result of which a large investor placed an order for the company to produce 100,000 cars until 2030. As you know, this is not the first financial injection. In 2019, investments in the company amounted to $10 billion.

How far is it to Tesla?

For quite a long time, the shares of Tesla have been growing in price at a cosmic speed. For the most part, this is due to the qualified marketing department of the company, and to no less extent – the charisma of Elon Musk. Plus, the car itself causes a storm of delight.

Absolutely aware that Tesla is still very far away and for a long time, the Rivian company is doing everything to keep the bar for the quality and exterior of its cars at a decent level. So the R1T and R1S models, the price of which starts from the factory from 70 thousand dollars, according to the majority, should become what its sedans did for Tesla. The range of miles of cars is 300 miles when the battery is fully charged. The company has a really well-advanced marketing component, which will allow it to become noticeable on a global scale very soon.

In addition, just like with Tesla, you can only buy Rivian cars directly from the manufacturer. This is an additional plus for both the buyer and the concern, since the profit remains completely with the company, and there is no need to share it with dealers. For the buyer, this also has its own advantage – a strictly reasonable price and guarantees. This state of affairs is very appealing to investors who are looking forward to the release of the first shares.

A little bit about the Rivian IPO

Only today, having reached certain heights in its own field of activity, Rivian decided to issue shares. The company plans listings a few weeks before the release of the first electric pickups. If experts estimate the company at 70-80 thousand dollars, then it may well become one of the most expensive in the world.

Rivian management chose a standard and reliable IPO scheme, abandoning SPAC. The latter works dynamically, bringing the company to the world stage very quickly. However, many enterprises, including Nikola, Lordstown Motors, very soon faced a lot of financial problems, and they were also suspected of providing investors with implausible information. A convenient IPO will allow the company to fully control its business.

Read more: IPO of a company - mechanism, examples & strategies

Do I need to invest?

In the event that Rivian ever repeats the fate of Tesla, it will happen very soon. For too long a period of time, Tesla confidently holds the leading positions, which it is not going to give up. For a very long time before the start of the victorious march, Tesla shares were worth from $30 to $70. Today, this figure is $700. Many analysts believe that this is an inflated figure and is purely speculative. Very soon, asset owners may be disappointed by a sudden drop in the price.

If Rivian follows the same hype path as Elon Musk, there is no point in investing in assets. And it is not at all a fact that after the issue of shares, the company will continue to show decent results. For example, the recent IPO of Airbnb. After that, the company showed 6.3% growth compared to more than 20% of the S&P 500 index.

Rivian's growth problems are inevitable after the company acquires public status. The release dates of the cars may be moved, and the logistics chain of America after the pandemic is in a deplorable state. There will also inevitably be a list of problems associated with the need for your own network of charging stations. All this and much more suggests that investors will just need to be patient and be prepared for the downsides for quite a long time.

Read more: How to participate in an IPO

 

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This key must be passed to the recipient — for example, to rewrite the phrase in a greeting card.There are three important nuances in this method of giving cryptocurrency:Don't forget to warn the recipient that the passphrase is extremely important. If the owner loses it, he will lose access to the crypto wallet and will not be able to restore it.You cannot change the passphrase or generate a new one for an existing wallet — the text key always remains unchanged. Therefore, in theory, the donor can use it after a while, which creates risks. The best option is to give a friend a temporary wallet (temporary wallet), from which he will transfer money to a personal account. Whether a friend wants to carry out all these manipulations is another question. And it is better to make sure in advance that a person is interested in the crypto market and trading — otherwise the gift is unlikely to please him.Regional restrictions. Many American and European services are not yet available in Belarus, Russia and Ukraine. For example, Coinbase does not officially work in these countries. Sometimes restrictions can be circumvented using a VPN, but the method does not always work. Therefore, you will have to choose from a limited number of services. In Belarus, it will not be possible to buy cryptocurrency without providing personal data, since crypto exchanges are required to verify each client — and this usually requires a passport scan. By the way, you can use not only wallets, but also exchanges for donation — in this case, you give access to an account that already has tokens stored on its account.Read more: What is Bitcoin Core? A simple guideTo gift a cold wallet with cryptocurrencyA cold wallet is a hardware device for storing crypto currency, which is something like a flash drive. This is the safest, but not the most convenient option. If you forget the password or lose the carrier itself, the cryptocurrency will be lost forever. For example, an American Stefan Thomas forgot the password from a flash drive that stores more than 7000 bitcoins, and lost access to crypto accumulations — and this is not the only case. In total, about $140 billion is stored in bitcoin wallets with forgotten passwords.When donating, the risks are about the same as in the case of an electronic wallet. When registering, you will need to create and remember a PIN code-a code and a phrase for restoring access (a phrase for restoring).You can order a wallet only on large marketplaces: the price for the most popular models (for example, Ledger and Trezor) varies from $60 to $260. It depends on how many different accounts the device allows you to have (for example, the Ledger nano c model supports 5-6 accounts, while the Ledger nano x supports up to 100), whether the device has an information display and a battery, whether it supports Bluetooth, and so on. In any case, such a gift will cost more than a virtual wallet with cryptocurrency.Top hardware wallets for cryptocurrenciesLedger Nano SLedger Nano X TresorTrezor Model T Read more: Crypto wallet: the most important & practical tipsTo gift a voucher for cryptocurrencyA voucher is a kind of gift certificate for the purchase of a crypt. You buy a voucher for a certain amount (for example, 50 euros) and specify the email address of the gift recipient. A special code will be specified in the voucher that will be sent to the post office. The recipient must enter it on the website where the voucher was purchased and specify the wallet address to which the amount in cryptocurrency equivalent to the value of this voucher will be transferred.One of the disadvantages of such a gift is that its recipient will eventually have to deal with the registration of the wallet himself in order to receive cryptocurrency. Also, vouchers are usually available only for the most common cryptocurrencies: Bitcoin, Ethereum, Litecoin. But this is the easiest way to give a cryptocurrency.Where to buy cryptocurrency vouchers:CryptovucherRechargeBit4coinBitnovoCoinsbyDonate cryptocurrency to charityCryptocurrencies can not only be given, but also donated to a charitable foundation. Therefore, if there is a desire to share ether or bitcoin with an NGO or a human rights organization, there are several options:Human Rights FoundationSave the childrenMATTERRainforest FoundationThe Water ProjectTor ProjectAnother option with the support of charity is the creation of an NFT token and its subsequent sale on platforms, for example, Rare. But in this case, you need to create a digital object and find a specialist who knows how to work with NFT platforms. You can attract 500-1000 dollars to Ethereum, even if you do not invest in promotion. And you can transfer the collected money to the fund, if it accepts the crypt, or convert it into fiat and credit it to the organization's account.Read more: What is NFT and why are they worth millions?Which cryptocurrencies to choose as a giftGiving cryptocurrency remotely resembles a long-standing trend in the United States, when people began to give shares of large companies to their loved ones. But the crypto market is not yet so popular among the mass audience. People have heard about it, but they don't quite understand how it works and what principles it works on. With this in mind, even bitcoin is still an unusual and original gift. If you look with an eye to the future, then a good gift option is Ethereum. Another popular project is the Polkado. He has revolutionary prospects and grandiose plans that are being implemented at the same time, which is rare for crypto projects. If a person understands the topic, you can give him an NFT token: for example, a picture or a meme registered as an NFT. But we must be prepared that NFT tokens are very expensive.
Sep 05, 2021
IndexaCo
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Exodus crypto Wallet - reviews, how to deposit & withdraw
Exodus crypto Wallet - reviews, how to deposit & withdraw In search of the best solution for storing cryptocurrencies, the paths of crypto lovers lead to reviews about the Exodus wallet. For beginners, the tool seems complicated, but after a review, even experienced bigwigs recommend the Exodus crypto wallet. It is not popular in the CIS countries, but it is one of the most revered types of digital money storage among foreigners. Having tried a huge number of input, output and simple storage options, crypts also stopped at this service. Changeable commissions, security, and so on.The developers themselves show in the video how to use Exodus, but there will also be instructions from us with subtle moments. Let's reveal some chips and life hacks that allow you to use cryptocurrency without any problems at all. After reading it, you are unlikely to return to another tool or continue looking for another one. Of course, there are alternatives and competitors, the same Trust wallet, Jaxx or Coinomi. However, the functionality, as they say "all in one place", in our opinion, makes it a winner. We suggest further understanding all the points by conducting a review of Exodus in Russian with chips. We will also analyze how to deposit and withdraw money.Official websiteYear of launch 2015 Official website https://www.exodus.com/Cryptocurrencies 130+ Wallet type coldCommission - blockchainFormat - non-custodial Android, iOS, windows, Linux devices Developer Daniel CastagnoliIt is noteworthy that during the entire existence of the project, no one managed to hack the company's wallets. Security is valued above all else, so the Exodus app is updated every 2 weeks.Read more: Blockchain technology: how it works and where it is usedContentExodus walletFeaturesHow to use Exodus instructionsHow to top up Exodus and withdraw moneyLife hack with a minimum Exodus commissionIntegration with TrezorReviews and opinionExodus walletThe period of growing popularity of the cryptocurrency provoked the emergence of instruments that repay the growing demand. The audience wants to work with the most secure methods of storing digital money on the Internet. The founders of the Exodus crypto wallet, Daniel Castagnoli and JP Richardson, volunteered to extinguish the demand. In 2016, $300 million was raised, which allowed us to hire a strong development team. The Exodus online wallet began to scale to the Western market and conquered it. The project was promoted very quickly, the love of the cryptocurrency wallet was acquired due to a number of features.Since 2016, no hacker has been able to hack the company. There was no data leak and the cryptocurrency was not lost. It is still difficult to find a decent review of Exodus in Russian, because no one reveals all the features of the application. The majority of the site is used by foreigners. The number of clients is huge, probably the largest in the world for this kind of crypto wallets. The distinctive characteristics of Exodus are the following points:complete anonymity of the user;Exodus non-custodial wallet;this is a cold wallet type;incredible security;access to private keys;recovery via the seed phrase.These are just the main points that make the reviews about Exodus so positive on forums and even Youtube. On the other hand, the management prepares a detailed series of video clips, which reviews the official website of exodus com with instructions from all sides.The developers have endowed the system with a lot of chips and functionality that any cryptocurrency wallet will envy. Next, we will look in detail at the features of the means for storing cryptocurrency, how to replenish Exodus, how to withdraw money. We will also tell you how to transfer the crypt so that you can spend real pennies for transfers on commissions through Exodus.FeaturesReviews about the Exodus online wallet have changed over time only to discuss innovations. The functionality of the application is rich and is able to perform any function related to cryptocurrency. Now it is worth relying on what users love the payment service for:Security – at the moment, this is one of the most reliable wallets on the Internet, it has never been hacked or compromised.Non-custodial wallet - the service format is represented by an application belonging to one company, but which does not have any data about you. All keys and passwords are not stored on Exodus servers. In fact, the data is stored on the user's device, the developers do not have access.Private keys - users have the opportunity to upload private keys for each wallet of any cryptocurrency. In case of loss of access to the Exodus application, the input and output will be available after recovery on another wallet, even a third-party one. The entire balance will appear in the same form.The Seed phrase is a unique generated phrase, thanks to which the user will have access to the money exclusively. If you lose your wallet, you will be able to restore access, backup, through a seed phrase – 12 ordered words in English.Device developers have worked hard and presented a canvas of Exodus applications, which can be downloaded on iOS, Android, Windows and Linux. All devices can be synchronized with each other, which is extremely convenient, seeing the information in real time. There is even a video instruction on how it works.Commissions - Exodus does not allow you to choose a commission yourself, so many write in reviews. However, this is completely untrue, because you can set a commission of even 1 satoshi per byte when it is above 200. No one will be able to stop you, but the responsibility for this will already be on you. We will show you the life hack with commissions further.Anonymity – no data is required from you except for the invented password, registration in the Exodus wallet is not necessary.Multi-currency - more than 130 coins in one place.Exodus exchanger - there is an internal exchanger between different blockchains of coins.Many people are confused by the English language, but learning two words "Send" and "Receive" is not a problem at all. Next, we will show the ease of operation in the instructions.How to use Exodus instructionsNo registration is provided, the user is only required to download the Exodus application to his device from the official website of exodus comAfter going to the site, click "Download", you will get to the download tab.All that remains is to download the program and install it, as all other programs are installed. Visually, working from a computer and a phone are similar, because the interface is just conveniently stung. Therefore, everything that is done on a PC also works on a smartphone. Launch the wallet from the shortcut.After launching, you will only need to come up with a password to log in. Next, you will need to make a backup of the wallet. If it is suddenly hacked or you lose access to it, a backup will save the situation. Write down the words in a clear order on a piece of paper and hide it in the most secluded place, this is important. Now it remains to work a little with the settings and forget about them. We add the coins we need to the list through the gear and the Assets tab, checking the boxes.That's it, the instructions for working with the Exodus wallet are finished, because then we can safely replenish the balances and withdraw money.How to top up Exodus and withdraw moneyBefore you start working with the wallet, let's get acquainted with the interface. The main tab reflects the entire current balance in dollars for all cryptocurrencies, divided into fractions.Clicking on any cryptocurrency will display your balance, a list of transactions and buttons for sending and receiving funds.To top up the balance of the Bitcoin wallet, click "Receive".The system will issue your wallet address for a specific currency. In the case of Bitcoin, there is an arrow that allows you to work in two networks, regular, and Segwit addresses of the bc1 type. These addresses are already inserted in the field of sending from other services. To withdraw funds, go back to the tab with the buttons and click "Send".Put the address where we will withdraw money from Exodus. At the top, we can specify the number of bitcoins/other currencies, or at the bottom, if it is more convenient, specify dollars. Exodus automatically substitutes the commission itself, click "Send" and the money will go to the blockchain. You can track the transfer status by clicking on the transaction hash in the transaction history.Blocks are tracked through the mempool space reviewer.All data about the operation is recorded in the blockchain, so it is extremely convenient to monitor the status.To withdraw money from Exodus to a bank card, you need to do the same steps, just connect a third-party exchanger to Bestchange. We specify the Bitcoin-Sberbank operation, transfer the money according to the instructions above and only insert our receipt card. Choose the currency and bank yourself.There is an internal cryptocurrency exchanger inside the tool. You can safely conduct an exchange in 1 place, fixing the rate, or trying to make money on growth. The exchanger is located on the "Exchange" tab.We just need to choose a cryptocurrency that we give and receive in return. However, let's be honest, the exchange rate at the Exchange Exodus exchange is far from the most pleasant. The network's commission for the transfer is also taken. Sometimes the payment of commissions can reach cosmic and ridiculous amounts. It is not recommended for use.Life hack with a minimum Exodus commissionAll devices are synchronized with each other, so the question of how to use the functions through the phone is no longer relevant. All the elements are similar and further life hack with Exodus commissions can be done from a smartphone.You can manually set up commissions for each cryptocurrency. Beginners may lose their money altogether due to a lack of understanding. That is why carefully read the following instructions. We need advanced settings. We go to the window for sending and receiving funds. Click the 3 dots in the upper right corner.Click "Advanced Options". Several settings will appear. Click "Enable custom fees".Thus, we include the opportunity to regulate the commission ourselves. We send the money and now click on the gear in the left corner.A slider will appear, dragging it you can adjust the payment to miners, setting the number of Satoshi per byte. The instructions in the video are even given by the developer himself.However, the network can be overloaded at any time, how not to get into a situation where a transaction cannot be executed due to insufficient amount of sent commissions is simple. We look at the load in the bitcoin network in a specific time period on the bitcoinfees.net website.The columns show how many transactions are currently expected for a particular commission in satoshi per byte. That's exactly what we need. If the columns are not heavily clogged, it means that the queue will quickly resolve with great faith and go from more to less. The safest option is to set such a figure with a slider in Exodus, so that it is higher in value according to the schedule from the starting large columns. In this case, it will be optimal to set 16 Satoshi per byte. In 99% of cases, operations from our practice were carried out without problems.Do not put too small a commission, because the price for paying miners may not reach yours at all. In this case, your cryptocurrency will simply be stuck for an indefinite period "nowhere".To work with Ethereum, we use the same tactics, only looking at the commission on the Etherscan website, gastracker.Everyone can independently adjust their expenses using the slider in the Exodus wallet. Instead of satoshi, gwei is taken into account here. The priority of processing is also shown.Integration with TrezorThe developers of one of the most secure devices for storing the Trezor crypt decided to integrate it into Exodus. The hardware wallet was combined with the functionality of the online solution.For large holders, the way opens up to quick access and maximum security. You can install and synchronize the stored cryptocurrency using the instructions from the creators.Having a phone at hand, you can always have access to money. Trezor and Exodus tried to make a high-quality product for the audience that creates such a demand.Reviews and opinionThe developers have devoted a lot of time to their brainchild, they release updates every two weeks. Despite the comments on some resources about the security of the wallet, the application has never been hacked. The loss of funds was solely due to the user's fault. There is no difficulty how to top up the Exodus or withdraw money from it. Commissions are regulated manually, the number of simultaneously available coins is out of competition. The exchanger also works, although it is just not recommended for use.In addition to the instructions provided in the review on how to use the Exodus application, the manual itself actively issues instructions. It also actively participates in the development of blockchain technologies in general. Reviews about Exodus allow us to talk about the reliability of the wallet, but difficulties for beginners. Due to misunderstandings of the functionality, many people face difficulties. However, if you understand everything, you can not even use any analogues. This is our opinion, good luck to everyone.Read more: Crypto wallet: the most important & practical tips
Sep 05, 2021
IndexaCo
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Overview of the Huobi Global Exchange
Overview of the Huobi Global Exchange Brief description of Huobi GlobalFounded in 2013, the Huobi Global Exchange is a centralized platform. According to the Coingecko resource, the exchange has an average (8) reliability rating. As of September 2021, 0 cryptocurrencies are traded on the exchange, the most active trading pair is ETH/USDT. The maximum trading volume for the last 30 days was reached on August 7 in the amount of 161,756 BTC.Verification: OptionalTelegram /huobiglobalofficialFaceBook /huobiglobalofficialTwitter /HuobiGlobalDetailed review of the Huobi Global ExchangeHuobi is a cryptocurrency exchange founded in China in 2013. It is registered in the Seychelles. Link to the official website of the exchange — Huobi.com. It provides opportunities for spot, margin, futures (perpetual contracts, options) and OTC trading. Confidently enters the top-3 in terms of trading volume (turnover-over two billion dollars in 24 hours). It exists both in the web version, and in the form of desktop and mobile applications.Read more: What are futures: types, features, advantages and risksWe offer a detailed overview of the functionality of the Huobi exchange, its advantages and disadvantages.ContentGeneral descriptionTeamFunctionalHow to trade on HuobiVerificationHow to trade on the Huobi exchangeMoney managementHT Token - description of the cryptocurrency from HuobiHuobi WalletHuobi Input and OutputCommissionsSafetyTech. Huobi supportComparison with other top exchangesAPI HuobiHuobi ReviewsAdvantages and disadvantagesConclusionGeneral descriptionRegistration on the platform is available to users from more than 130 countries of the world - wherever transactions with cryptocurrencies are not prohibited by law. Huobi is a multilingual platform that supports such languages as Chinese, English, French; German, Turkish, Portuguese, Spanish.TeamThe founder and CEO of the Huobi Group is Leon Lee. Previously, he worked as a computer engineer at Oracle. He graduated from the Department of Automation of Tsinghua University and became a successful entrepreneur in the field of financial technologies.Other team members:The Chief Operating Officer (COO) is Robin Zhu. He has experience in the field of corporate governance and practical data analysis. He also worked at Oracle at one time. Initially, he was deeply interested in the blockchain industry and Big Data.The head of the Security Department (CSO) is Simon Wu. He is responsible for risk management, previously worked in international consulting firms and government agencies, dealing with business security and management issues.The technical director is Roy Zhu. He was a technical expert at Alibaba, a partner and senior vice president of Jinshan Cloud, and also held a management position at Taobao. Is responsible for the research and development of new functionality.FunctionalHow to trade on HuobiThe Huobi exchange is designed to manage cryptocurrency assets in the following ways:Spot trading. Trading with instant settlement, when funds are transferred between the buyer and the seller here and now, based on the current market value of the asset.Futures trading. Trading contracts containing information about the value of the currency and the time of sale. By entering into such a contract, the buyer and the seller undertake to transfer funds at a specific rate and at a specific time. An effective tool for hedging risks.Margin trading. Trading with leverage — the user takes a certain amount of credit funds secured by the assets available to him and thereby can use a larger amount in trading than he has. This increases the potential profit, but also the risks. The available leverage level is individual for each currency.OTC. A P2P exchange platform that connects fiat money and digital assets. It is intended for institutional investors who make large transactions and want to do it completely in the legal field.The index is HB10. It includes 10 top cryptocurrencies, works in conjunction with an investment product that helps to invest funds in the entire basket of promising assets at once.Fiat. Quick purchase or sale of cryptocurrency for fiat money. Supported payment methods: VISA/Mastercard bank cards, Western Union, e-wallets.Huobi Global currently works with 286 coins (770 trading pairs).Read more: P2P: where peer-to-peer networks are usedVerificationTo start trading, you do not need to verify your identity, but you can pass it to expand the withdrawal limits and get access to additional functions. Go to the "Verification" section and enter the necessary information — passport or driver's license number, first name, last name, upload a scanned passport in JPG or PNG.Verification on the exchange is not required, but it gives additional advantages when using the platformThe information is manually confirmed by the exchange's employees, usually it takes no more than two days.How to trade on the Huobi exchangeLet's look at how to trade cryptocurrencies and tokens using the Huobi platform.In the central part of the screen, under the chart, there is a section for creating buy or sell orders. Huobi supports the following main types of orders:Market. The user specifies only the desired amount of cryptocurrency. The transaction is made instantly and at the market price that is at that moment.Limit. The user specifies both the amount and the cost of the cryptocurrency. As soon as a counteroffer appears, the order is automatically executed. All created limit orders are located in the so-called glass (or orderbook).Stop limit. A subspecies of a limit order. While a regular limit order is executed when the specified price is reached or better, the stop limit is executed at the specified price or worse.Trigger-an order (by limit or by market).Advanced tool-creates an order that is executed automatically immediately after the execution of another order. In the right part of the trading terminal interface, there is a history of all completed orders — date, volume and price. And at the very bottom — information about active and completed transactions of a particular trader.Money managementHuobi Global includes a number of opportunities for managing funds for investors. After entering the exchange, the following tools are available:Blocking and mining HT. Holders of the exchange token (HT) can participate in the airdrop. To do this, they need to block at least 100 HT on their account for a period of 7 to 90 days. After the expiration of the period, a bonus is awarded in the form of a certain amount of Huobi Pool Token (HPT).Landing page. Investment of USDT or BTC at interest for 10, 20, 30 days. The interest rate can be entered manually (from 0.01 to 0.09% per day) or set the optimal one. Other users then select suitable options from the entire pool of available offers.Storage of assets. Professional asset storage services for companies and institutions. Clearing and detailed reports are included in the price.Asset management. A digital asset service platform for professional users. There is a choice of three investment strategies with different levels of risk and profitability.Savings (available only after verification). A deposit account with an interest income. The interest is periodically adjusted, at the moment it is 7.28% per annum for USDT and 3.5% for BTC.A new Pool Savings section was also recently opened. This is a tool for working with DeFi tokens. It includes profitable farming of new and promising tokens.HT Token - description of the cryptocurrency from HuobiHT is a token, a cryptocurrency officially launched by the Huobi exchange in 2018. Functional purpose and why it is needed:Discounts from 10% to 95.15% on trading fees (depending on the number of tokens held).Participation in events and events held by Huobi.Farming of the HPT token.VIP status.Use as a guaranteed asset with a cross-margin.Deflationary burning scheme to maintain the value of the asset:Asset allocation schemeToday, there are HT holders in more than 180 countries around the world. It is traded, in addition to Huobi, on the Bibox, Bitforex, Coinsbit, HitBTC, MXC, etc. exchanges.Huobi WalletThe universal multi-currency wallet from Huobi Global can be downloaded from the links:For Android - https://play.google.com/store/apps/details?id=com.huobionchainwallet.gpFor iOS - https://itunes.apple.com/cn/app/id1433883012?mt=8The application supports most major cryptocurrencies (BTC,ETH, XRP, LTC, BCH, etc.), stablecoins (USDT, USDC, TUSD, DAI, PAX), most tokens on the Ethereum, Ontology, TRON, EOS blockchains.The main features of the crypto wallet include independent management of private keys, personal control over assets, data encryption, support for multi-signature and the ability to organize joint asset management. The simple interface allows you to perform operations in one click.Read more: What are Stablecoins and how do they differ from other cryptocurrenciesHuobi Input and OutputTo deposit funds to the Huobi Global exchange, you need to go to the Currency Account section, select the cryptocurrency of interest, for example, Bitcoin, and click Deposit.Copy the address and transfer the cryptocurrency to it from an external wallet (you can use a QR code for a quick transfer from a mobile application).The funds are credited to the exchange account after one confirmation by the miners, and after two confirmations they will be available for withdrawal.The minimum deposit amount is 0.001 BTC. The deposit address does not change every time, but only sometimes, the exchange notifies about this by email.To withdraw cryptocurrency, you need to go to the same section, but this time select the Withdraw button.Specify the address to which the coins should be transferred, and the required amount. The commission is indicated in the same window and covers the transaction costs, providing a quick transfer.The minimum withdrawal amount is also 0.001 BTC.Read more When Bitcoin appeared: telling the story of BTCCommissionsType of operation Commission feeSpot trading 0.2% maker and 0.2% takerMargin interest 0.098%OTC trades 0.1-0.2% maker (depending on the currency), 0% takerContract trades 0.02% maker, 0.04% takerEntry without commissionThe withdrawal is individual for each coin, indicated at the time of withdrawal (for example, for BTC — 0.0005 BTC).The table shows the standard indicators. Holders of HT tokens can reduce them. With a deduction, the fees look like this:SafetyThe Huobi exchange uses cold wallets, secure connection and data encryption to protect user funds. In addition, the user can independently increase the security level of the account if he performs the following actions:It will enable two-factor authentication — a simple and effective way to confirm login using the Google Authenticator application.It will link the phone number and confirm the email address.Associates accounts in other networks (Google, Facebook, Apple) with the Huobi account.It will set a complex password and an anti-phishing code.Read more: Network security. 2FA - two-factor identification methodsTech. Huobi supportYou can contact Huobi technical support via an online chat on the website. Other contacts and social networks of the project:Telegram https://t.me/huobiglobalofficialFacebook https://www.facebook.com/huobiglobalofficialTwitter https://twitter.com/HuobiGlobalBlog on Medium https://medium.com/@huobiglobalInstargam https://www.instagram.com/huobiglobalofficial/YouTube https://www.youtube.com/HuobiGlobalAPI HuobiThe Huobi Exchange provides documentation for developers (API) for free. It can be found at https://huobiapi.github.io/docs/spot/v1/en/#change-logIn the top menu, you can switch to another type of trading (spot, futures, options, margin swaps). Information on all categories is constantly updated. The developer can subscribe to email notifications to keep everyone up to date with the latest changes.Huobi ReviewsThe site has both positive and negative reviews, there are about the same number of them. Users complain about high commissions, problems with the NEM cryptocurrency, as well as insufficient functionality — despite the fact that the platform keeps up with the times and regularly introduces new features, it is not yet possible to work only with it without resorting to the help of other large trading platforms.Nevertheless, trading volumes show that most users consider the platform to be the best option for exchanging certain currency pairs (the most popular is BTC/USDT).Advantages and disadvantagesAdvantages:The exchange is in the top in terms of trading volume and liquidityOwn functional tokenDeveloping functionalityPositive feedbackOptional verificationA large selection of trading pairsMobile and desktop walletsReferral programDisadvantages:Some functionality has been cut for popular cryptocurrencies. For example Bitcoin and USDTConclusionThe Huobi cryptocurrency exchange is actively developing and tracking current trends, such as earnings on DeFi tokens. A strong team, the introduction of new options, adequate commissions-all this speaks in favor of the site and adds respectability to it. Now there is such a time in the cryptosphere that it is impossible to keep up with trends, otherwise the project will instantly lose part of the market.Read more: What is decentralized finance DeFi?
Sep 03, 2021
IndexaCo
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