How to earn on the crypto exchange Huobi?

Huobi offers spot and margin trading in cryptocurrency. Also on the site huobi.com Many other tools are available on which users crypto exchanges can earn an income.

Trade

The main functions of the platform are related to the trading of digital assets. Anyone can create an account on the company’s website, fund an account and start trading coins, earning on price differences. For those who don’t have enough money to make transactions, margin trading with leverage is available. In addition to margin and spot tradingHuobi’s website has a link to a P2P platform where you can buy and sell coins directly to other users. There is also a quick buy/sell function that allows you to fill out a simple form and complete the transaction in a few clicks.

Huobi Earn

A cryptocurrency exchange has developed an investment tool. It provides the ability to manage assets. They can not just hold currency, but also transfer funds to a flexible or fixed income plan to earn passive income. Before using the new product, traders must register and pass an identity check. Available account balances must meet the minimums for the selected subscription.

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The flexible-income option gives you the ability to transfer funds into instruments, making a profit every day without being prohibited from withdrawing when you need it. This gives you a lot of flexibility. The fixed plan gives you the ability to earn an annual income, but it has a withdrawal ban period. Coins can only be returned after a lock-in period. This tool has higher returns because of less flexibility.

The interest rate on the Huobi flexible investment plan is calculated starting the next day after execution. Income will be added to the principal amount every day for a new calculation. When choosing this option, the user can return the cryptocurrency at any time. In this case, the day of return will not be included in the period of interest accrual. The flexible plan also has an auto-subscription feature. When it is enabled, the balance is automatically transferred from the exchange account to Earn.

For a fixed plan, the rate begins to be calculated the day after you sign up. The calculation is based on the rate that was valid at the time the subscription was activated. During its validity it is impossible to return assets. The sum with interest will be transferred to the trader’s exchange account only at the end of the selected term. If “Auto-transfer to flexible plan” will be activated, the amount with interest for the plan will be transferred to the flexible at the end of the selected plan term.

PrimeEarn

The PrimeEarn service is also available on the Huobi exchange. This is the name given to limited-time events during which they launch high-yield products based on the Prime cryptocurrency exchange brand. They focus on currencies BTC, USDT, ETH and stellar projects. Traders can participate in any projects with idle assets, which will help add stability to their portfolios. For different events, the rate of return, activity and other metrics are adjusted depending on market dynamics. Users who successfully register can expect an annual rate of return.

Steaking

For verified users of the crypto-exchange is available function steaking. The section with information about the instrument has all the offers. The names and annual yields are listed. You can go to the page with a detailed description of each option to learn more about it and to deposit funds.

Inviting users and cashback

Every Huobi user can invite acquaintances to the platform. After accepting such an invitation, the transaction fee (other than the maker’s fees) that they will spend will give a share of the profits. Cashback is returned to the account in HT, USDT or points. Its coefficient is 30%. If the invited user uses a point card for trading, the cashback will be calculated in an equivalent amount and will be returned to the trader, who attracted the newcomer. If the invited user does not use points or HT, the amount will be credited in USDT.

Cashback from referral fees is calculated on the day of the operation and is credited in the evening of the next day. Actual cashback is calculated by the formula: transaction volume “percentage of fees” percentage of cashback. Effective accrual period begins at the moment of registration of the invited user. After its termination (in 730 days) the trader cannot receive a return from commissions for transactions of those whom he has attracted to an exchange.

Point card

Huobi traders can take advantage of point-card opportunities. There are two ways to get them:

• Transfers from other users. To view them, go to the Huobi website and visit the “Balances – My Points” section. Transfers can also be viewed through the exchange app.
• Participation in promotional events.
• There are several ways to use card points:
• The commission is net of trading expenses.
• Interest Margin Deduction.

In the first case, points are charged a fee for creating an order. The fee is deducted from the points available on the balance (1 point = 1 USD). The standard fixed spot trade rate of 0.2% applies to all who have included the points deduction. If a fee is charged, it will be deducted from the card in USDT (a conversion will be made if the fee is charged in another currency). If there are not enough ponies on the card, part of the fee will be paid in points, and the balance will be deducted from the assets in the trader’s account.

In the case of a trade loan, margin interest will be charged to the point card. Huobi users who have enabled point retention will be charged the standard interest rate of 00098%. To enable point card withholding, you must do the following:

• Login to the system, go to “Account – Commission Settings”.
• Enable the “Use card for deduction” option.