1. Aiwaka AdventuresHome
  2. Blockchain Briefs

What cryptocurrencies can be traded on Huobi?

• Blockchain Briefs • 68 views

What cryptocurrencies can be traded on Huobi? Editor\’s note: This article is fro

What cryptocurrencies can be traded on Huobi?

What cryptocurrencies can be traded on Huobi? Editor’s note: This article is from BlockBeats(ID:blockbeats) and author: 0x26. It is authorized to be reproduced by Odaily Planet Daily.

After experiencing a surge in 2018 and 2019, Bitcoin is now back above $10,000. But for ordinary people who want to participate in digital assets, this seems unlikely. According to the data from Huobi, there are currently more than 300 exchanges worldwide that support mainstream tokens such as BTC and ETH. So why does the price of Bitcoin rise? The reason is that it has advantages compared to other traditional currencies. The word “cryptocurrency” originates from the demand for Bitcoin as a “store of value” – people can store their private keys without worrying about their identity or password being stolen. This trust mechanism allows free exchange of funds between parties on different platforms while maintaining anonymity. Therefore, if there is no third-party custody account or hacker attack, the same situation may occur. So when there is a major price change in the market, users will not be able to access the platform’s services with fiat currency in their Huobi wallet, nor will they be able to access users’ private information with their Huobi wallet.

Due to the volatility and high fees of Bitcoin, many investors consider it a good investment: “All digital assets on Huobi can be traded.” According to data from BitUniverse, Huobi can make up to 3 mainstream assets, including Bitcoin Cash, Ethereum Classic, Litecoin, EOS, XRP, and XLM. The most popular assets are XMR and ZEC, which are sold to professional buyers for $0.009 and $1 respectively. Among these assets, the highest increase is about 20% for XMR, followed by BCH as the second highest, DASH as the third highest, and XTZ as the fourth highest, with a total profit of around 200%.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/08/18/what-cryptocurrencies-can-be-traded-on-huobi/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/18/2023 17:28
Next 08/18/2023 17:50

Recommended articles