A HISTORY OF HUOBI Huobi was founded in 2013 by their current CEO and chairman, Leon Li. Li’s background includes having attended Tshingua University, specializing in Automation. Before starting the Huobi Group, Li spent time as a computer engineer at Oracle. In December of 2013, Huobi was named as the largest digital asset exchange operating in China. 2017 saw Huobi extend their limbs into Korea, Singapore, and Japan. Currently, Huobi has headquarters of various financial sectors based in: Singapore; South Korea; Japan; Australia; Indonesia; Russia; Argentina; Thailand; and China. The company has strived to give customers not only a great exchange, but a great resource for any service one may need. Despite the many difficulties faced with Chinese government in regards to cryptocurrency laws, Huobi has managed to adapt to the changes and thrive globally, eventually branching off into various sectors including venture capital, a cryptocurrency wallet project, and a division dedicated to working with mining pools. HUOBI'S PLATFORM spot trading : Huobi offers several different platforms to serve any customer’s needs. For starters, Huobi offers a standard spot trading platform that operates similarly to many other spot trading platforms in the industry. The platform features a multi-timeframe chart, a depth chart, and integration with TradingView (including their tools). Customers are able to view the order book and the asset trading history, as well as their own personal order history. Limit orders, Market orders, and Stop-Limit orders are all available options for traders. margin trading : For the trader that prefers to trade with a little more volume or risk, Huobi offers a Margin trading platform. Customers can apply for loans through Huobi to trade a greater quantity of cryptocurrencies and profit from the price spread. The original loan must be paid back, and accounts can be liquidated if the risk ratio falls below 110% (calculated as: [(Loaned Amount + Tradable Balance) Total Asset] / [(Interest Payable + Loaned Amount)] x 100%.) Traders can margin trade with Bitcoin; Ethereum; XRP; Litecoin; Bitcoin Cash; and EOS. These assets can be traded with USDT or BTC. futures trading : Huobi also offers a Futures trading platform. While margin trading can be risky, trading contracts is said to be very high-risk. With that being said, Huobi offers Weekly, Bi-Weekly, and Quarterly contracts in Bitcoin; Ethereum Classic; Ethereum; EOS; Litecoin; Bitcoin Cash; XRP; TRX; and Bitcoin SV. OTC(P2P) - The OTC, or over-the-counter, section of Huobi offers potential buyers and sellers a way to move large quantities of coins without exposure to the fickle exchange market. Certified merchants can register here, and slippage can be minimized by matching buyers and sellers directly instead of creating market orders. HUOBI APPS While you do have the online trading interface, Huobi does have computer programs and mobile apps that you can use. I found that the PC programmes were more functional as they did not have to rely on the PC browser and were hence much faster. They also have better charting and you are in more control of your trading parameters. These programs are available on Windows and Mac devices. However, if you are a trader that is always on the go, that is where the Huobi mobile apps come in. These were developed for the main exchange but you can switch to the derivative markets on the futures and swaps platform. This was a pretty well designed application and you have one-touch ordering as well as some basic charting functionality. The app is available in iOS and Android and you can head on over to the respective app stores to get a sense of the feedback. EXCHANGE SECURITY Huobi operates a hot and cold wallet storage procedure. This means that they keep the vast amount of their coin holdings in an offline environment away from hackers. They then have a smaller percentage in “hot” wallets with multisig capability. They also operate a decentralized server structure around the world which can ensure uptime irrespective of whether one of the servers goes down. You can think of this as effective load balancing. Finally, they have anti DDoS measures in place. We all know that crypto exchanges are prime targets for Denial of Service attacks and it can be quite frustrating when these are perpetrated in peak market times. IS HUOBI TRUSTWORTHY? Huobi, like many exchanges in the space, has had, at one time, some shady history, but for the most part, has managed to maintain a clean reputation. Historically, Chinese exchanges have shown to operate in accordance with different standards, with many exchanges having to suffer at the will and whim of the Chinese government. Some of the controversy Huobi has seen in the past has been a result of this (particularly with the Chinese ban on ICO tokens). It should be noted that in 2017, the exchange did invest into “wealth-management products” using idle customer funds. This sort of activity shouldn’t be taken lightly. However, with that being said, the exchange continues to turn over a large amount of volume. For the most part, the exchange can be considered a trustworthy platform to trade popular and exotic cryptocurrencies. This does not mean it is entirely safe to store user funds on the exchange, as the exchange (or the user funds) can be susceptible to risk at any given moment. No matter how comfortable one may be with the internet, one should always remember that the internet is not as safe as many would like to believe. Huobi does have measures in place in the unfortunate event that an account is breached, and if verifiable, the customer may be able to retrieve lost funds. A unique feature offered on Huobi is their Official Media Authenticator. This essentially lets users enter the URL of a content channel to see if the channel is authentic. A feature like this, while seemingly simple, could save anyone from potentially losing their funds due to a scam or phishing website. HUOBI REVIEW VERDICT Huobi Global offers a signficant host of features to its users and has maintained its credibility over a long period of time. This is largely one of the main reasons it a ranked as a top 4 exchange by liquidity as its users trust their funds there. After establishing itself in Asia, Huobi is trying to branch out and take on other areas of the globe which is great news for Western traders. Additionally, the Huobi prime platform could provide some great opportunities for the exchange users moving forward. Huobi Website: https://www.huobi.com/topic/invited/?invite_code=q7g23 Huobi Indian Community: https://t.me/huobiglobalindia Huobi Global Community: https://t.me/huobiglobalofficial
Just a quick guide to Raiden for newcomers. I'm not an expert so please feel free to jump in with any information I've missed or anything that isn’t correct. Cheers. What is Raiden? "The Raiden Network is an off-chain scaling solution for performing ERC20-compliant token transfers on the Ethereum blockchain. It is Ethereum’s version of Bitcoin’s Lightning Network, enabling near instant, low-fee, scalable, and privacy-preserving payments."1 In plain English, Raiden lets you transfer ETH or any ERC20 token-much faster and cheaper than is currently possible. (See 'further reading' for details on what ERC20 tokens are). So, it makes crypto transfers faster and cheaper. Is that necessary? Yes. Currently, the Ethereum blockchain is capable of processing around 15 transactions per second. You may see this referred to as Tx/sec. By comparison. Visa has stated that they can operate at 56,000 transactions per second. 2 During busy periods the system can become clogged and transactions can take hours. Think back to the spat of ICOs in summer 2017, or the more recent CryptoKitties craze, for examples. Vitalik Buterin, the co-founder of Ethereum, acknowledged as much in a recent blogpost: "With the Ethereum blockchain teaching millions of transactions per day, and both Ethereum and other blockchain projects frequently reaching their full transaction capacity, the need for scaling progress is becoming more and more clear and urgent."3 If crypto is going to contend for mainstream adoption, it needs to speed up big time. This is where Raiden comes in. You don't need to wait for any blocks to be mined. Its transfers are instant. And cheaper? Transfers made on the Ethereum blockchain are calculated based on the computational resource needed to make it. Whether your transfer is big or small, the fee will not be massively different as they all go through a similar process. With Raiden, the fees are proportionate. This means everyday transactions like buying a cup of coffee will carry a much smaller fee. Even making thousands of tiny payments of just a few pennies/cents will not add up to a large fee, as it would do in the current system. How does Raiden work? The Raiden network operates on top of the Ethereum blockchain, but a lot of the heavy lifting takes place off-chain. Transactions take place between two parties using something called balance proofs. Near-limitless transactions can take place simultaneously, off-chain, with two exceptions; a one-off on-chain transaction at the beginning, and another at the end. You can read all about the specifics here. A very simplified way to think about it is to imagine a train with 100 passengers all waiting to board in one queue. At the train door the conductor takes payment, gives out change, ensures everything is in order and lets customers on one at a time. This would take a very long time. Now imagine there are 100 machines to the side that dispense tickets. Everybody goes to get a ticket instantly, then returns to the conductor. There is still only one conductor, but he can now quickly get the passengers on the train without wasting time. In this analogy, Ethereum is the conductor and Raiden is the ticket machines. The passengers buy their tickets (make transactions) to the side (off-chain). There is still only one conductor (Ethereum blockchain). But instead of queuing up for ages and clogging up the system, the process is sped up by performing most of the work to the side (off-chain) and everybody gets on the train (makes a transaction) much faster. The destination is the same, but the journey is quicker. Apologies for the very unscientific analogy :) How long until Raiden is ready to go? Raiden was initially scheduled for launch in March 2017 but was pushed back. Currently Raiden is still in the development phase but a limited release is coming soon. This will give Dapp developers a taste of Raiden ahead of its full release. They'll also be able to build prototypes that can interact with the Raiden Ropsten-based test network. What is µRaiden? µRaiden is similar to Raiden in that it allows for off-chain transactions. The micropayments that happen off-chain are free, and µRaiden is already live. However, one major difference between this and Raiden is the linear transactions. It cannot be established for many-to-many payments like Raiden can. And what is Raidos? Raidos, or Raiden 2.0, is still in its early stages. Instead of only dealing in ERC20 tokens, it will look to cover all types of smart contract. So Raiden, µRaiden and Raidos are all from one company? Yes. If you invest in Raiden tokens, you're effectively investing in all three at once. What is the point of Raiden tokens (RDN)? For people who want to use Raiden without running a full node - which will be the vast, vast majority - Raiden tokens will have to be bought and used. Users who run a full node will not require Raiden tokens. I heard that the token isn't needed, and the ICO was just a 'cash grab'... Originally, Raiden did not plan to launch a token or hold an ICO of its own. However, the company changed tack and held an ICO which raised just shy of 110,000 ETH. 4 The crypto community, and ETH holders in particular, felt that they were being robbed of value. Those who had bought and held Ethereum would have hoped the news of Raiden would boost the price of their holdings. But with a separate token the perceived consensus was that this move took value away from ETH and into RDN, at least in the short term. Vitalik Buterin also weighed in on Twitter, saying he wished RDN hadn't held an ICO but equally stating that he understood it was necessary: “I wish they didn’t [hold an ICO] but I totally understand why they did and do not blame them.”5 The way things panned out left a bitter taste for many crypto investors. But the token certainly does have a very real use. Where can I buy Raiden tokens (RDN)? You can currently buy RDN at a handful of exchanges: Binance OKEx Huobi Kucoin EtherDelta Further reading: What are ERC20 tokens? Raiden 101 Vitalik Buterin blog update Sources and links: 1 https://raiden.network/101.html 2 https://mybroadband.co.za/news/banking/206742-bitcoin-and-ethereum-vs-visa-and-paypal-transactions-per-second.html 3 https://blog.ethereum.org/2018/01/02/ethereum-scalability-research-development-subsidy-programs/ 4 https://token.raiden.network/ 5 https://twitter.com/VitalikButerin/status/911300771819352064?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.ethnews.com%2Fvitalik-buterin-responds-to-raiden-ico
Am I scammed via Twitter with Wabi tokens?? If yes, please read and learn.
Some info about myself: 28 years old, from the Netherlands. Bachelor in Marketing, work at the airport. (Schiphol). 4 years ago bought 3 bitcoin and sold without profit. Since one week buying some cryptos. Ada, TRX and was planning to buy Wabi. (wrote a thesis why people buy counterfeit goods from Asia in the Netherlands) Since 3 days I have twitter. Writing this so you and other will not fall in the same trap. Today, Sunday morning I checked my twitter. Apparently I was following a counterfeit account of Wabi. (How ironic). Did not know there where fake accounts on Twitter, fan accounts yes. The fake account tweeted about the airdrop of tokens for a limit of time, so you had to act fast. Well, what I coincidence I thought, as I was already plan to buy Wabi. This airdrop gift must be destiny. To apply for the airdrop I clicked on a tiny URL in the tweet and it directed you to a wabicoin website. This website was exact similar to the official website. I thought so at that time. (Www.Wabicoin.in/blog/airdrop/ Also I double checked twitter on my laptop. Found differences in tweets compared to my smartphone, but that was due to sync and app difference I assumed. (I was in a hurry to leave for work) Bought 1200$ worth Wabi tokens on binance. On the fake website I entered my amount of wabi tokens and the receive address of my myetherwallet. So I did NOT entered another code phrase - on the fake website - my tokens could be send to or something. Then i pressed a button "calculate the free airdrop tokens ". As you can read I had to be logged in myetherwallet.com account at the same time. (Which I signed up to this morning for this purpose) Thenressed the "Wabi airdrop token" All of a sudden all my Wabi tokens where GONE. Out of myetherwallet. Is this really true? Or can I get it back? How the #€@π$ can me tokens be sent elsewhere if I only gave me RECEIVE address. There should be things going in to that address instead of going out. So sophisticated! Damn. Is there something I can to do get my money back? I know banks in Europe, refund money to their customers if they are victim of fraud and scams. Can Wabi please do that as well?? Christmas time is coming and Wabi is doing great. Hooe Wabi can report the fake twitter account to twitter and do something against the fake website. I can prove every thing. What else should I do more? Delete cookies etc? I reported the fake twitter account. Donations of other people are also welcome. When I got from work I will upload screenshots here which I have on my laptop of the distributions of tokens in the Eth network. Thanks for reading and hope you learned something. The fake twitter account is: @WaBilCO where the L looks like that capital i of ICO.
As writing this article, Binance is the fastest growing exchange for trading cryptocurrencies. In the short duration of 5 months, it has reached the 10th position among the top volume cryptocurrency \ exchanges. Binance has become so popular due to some of the factors such as availability in multiple languages, very neat user interface, and it also enables processing the orders at an extremely high speed. Binance exchange is available only for trading cryptocurrencies, hence, it is not available for any FIAT wired deposits. Why should I open a Binance Account? Binance is growing at a very fast rate, and if it will keep growing, it will soon become the biggest crypto exchange worldwide for trading altcoins. Many newly launch coins and tokens are getting listed on Binance as compared with the other major exchanges (Poloniex and Bittrex). If you have missed some of the ICOs, you can look for a some of them on Binance. How do I open a Binance trading account? Step 1: Go to Binance Website (Find the link at the end of this article) Click here to go to Binance, the link will open in new window so you can still follow this guide. Bookmark this page, as there are many phishing sites which are exactly similar to the actual site. You should always examine the website URL and check for the Secure Certificate which will authenticate the original site. Step 2: Complete the Sign-Up Process Click on the ‘Register’ button which is present in the right corner of the webpage and provide all the required information. For Password, follow the guidelines and make a strong password. Finally, retype your password and then click the ‘Register’ button. Check your email account inbox where you will get an email for confirmation of the new account. Step 3: Enable 2-Factor Authentication (2FA) When you log in for the first time, a pop-up will show up and ask you to enable the 2FA which will help in increasing your account security. If you are new to 2FA, you’ll need to download Google Authenticator app and then scan the QR (or enter the secret key) in order to get a 1-minute changing code. After completing these 3 steps, you are done with setting up your account. Step 4: Deposit funds Go to “Deposit Withdrawals” under Funds menu item On the top right corner of the main menu, you will find the tab named as ‘Funds.’ Under that, select the ‘Deposit Withdrawals’ button, and it will open up the following deposit page: Now select the coin you wish to deposit You will find the list of all traded coins on that page. Search for your coin which you want to deposit and then press the corresponding button named ‘deposit’ which is present on the same raw. Once pressing, a new dedicated wallet will be created (this is a wallet belongs to your account on Binance). The wallet address for each coin is different, make sure you do deposit only the specific coin to its wallet, otherwise it can result in complete loss of the funds. Now, send your coins from your own wallet (or exchange) to the new generated address: In this example we want to deposit Bitcoin. Under the field named as ‘BTC Deposit Address,’ the address generated is the one you will need to send Bitcoins to. This address will be used for transferring the coin from your wallet or from any other exchange to your Binance account. View your history option: You can be able to see the history of deposits (and withdrawals) under the menu item ‘Funds’, and then ‘History’ on the list. Step 5: Extracting a Buy or Sell transaction Select “Basic Exchange” under “Exchange” menu item. Now select desired pair from the right pane. Use the search field for faster navigation. In this example we want to trade our Bitcoin for Ethereum. We start by selecting ETH/BTC pair market, and then we’ll get the following: The left pane displays the orderbook, whereas in the middle we see the last price. In the middle we can see the chart, and right under it we can Buy or Sell ETH for BTC. In order to buy (Limit): Set the desired price, select amount (ETH units, or select percentage of your total Bitcoins). The total BTC (the cost) will then be calculated automatically. Selling ETH for BTC will be the same, but opposite. If you want to buy at market price then select Market from the top menu. Stop limit is more advanced, and lets you set a stop loss or stop buy orders. Click https://ask.almarketcap.com/out-binance to go to Binance, the link will open in new window so you can still follow this guide. What is Binance Coin (BNB), and what is it used for? Binance has created its own crypto coin which is known as BNB. It is used as an optional method for paying the exchange’s fees which include the following: Trading fees – of buying or selling coins, listing fees and withdrawal fees. When you are using BNB coins, you will get 50% discount for the first year of your account, 25% for the second year, 12.5% for the 3rd year and 6.25% for the 4th year of your account. BNB tokens are also used for Binance Launchpad which is a way to invest in particular ICOs on Binance. These ICOs will get listed on Binance exchange past ICO. Binance is planning to use 20% of its profit to buy back the BNB from the open market. Open Your Account To Day: https://ask.almarketcap.com/out-binance
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