MLM Soft Solutions offers the best Crypto Trading Bot Development services with complete customer satisfaction. In addition to crypto bot development, we offer cryptocurrency wallet development to get any kind of cryptocurrency exchange solution.
We have 24 experts who are expertized in developing trading bots. We collect the requirements from customers and then proceed to the development process.
Our trading bots development involves the development of fully automated bots or semi-automated bots with more enhanced features and security.
What Is Huobi?
Huobi was originally founded in 2013 as an exchange dedicated to the market for Asian cryptocurrency traders for making it a competitive choice for expert and automated traders from across the world. Huobi users can make deposits in both USD and CNY or they can use Bitcoin and Ethereum. The huobi exchange supports more than 100 cryptocurrencies, including major coins.
Huobi is one of the most popular crypto exchanges and provides various features such as margin trading, staking, lending, etc. Furthermore, the platform also offers its in-house GRID trading bot.
Why Do You Need to Use a Trading Bot on Huobi?
Remember that trading is all about competition and making the right decisions. If you are on the wrong side of the trade, you will lose your money. If you are on the right side of the trade you will gain your money. The idea is to find your edge and then exploit that to the fullest extent. If you have a desire to have an edge then you will see that automated bots on Huobi can help you out to a certain degree.
Huobi Trading Bot: Pros and Cons
- Huobi offers 32 crypto pairs for grid trading bot.
- No subscription fee is required for the trading bot.
- Furthermore, the platform has high security.
- 24/7 customer support.
- Since the bot is in its initial stages, it does not offer variety.
Risks of using Huobi trading bot?
- If the prices of the trading pair fall below the range, the grid bot will stop placing orders and generate losses. Moreover, if you’ve set a stop-loss price and it gets triggered, the grid strategy will end.
- If the price goes above the range, the grid bot will stop placing the order, and as soon as the price falls in the range, it will continue to place the trade. This way, you won’t be able to benefit from the rising price.
- The grid strategy at Huobi places an order based on the price range and grid quantity. If the grid quantity is set extremely low and the price fluctuates between the two points, the system will not perform automatic order if the capital use efficiency is low.
Unique Features of Huobi:
Huobi is full of interesting features that set it apart from the competition.
Huobi Eco, or HECO, is a decentralized and cost-efficient public chain, like blockchain, that Ethereum developers can use to get started easily. It is seamlessly compatible with smart contracts.
Huobi Wallet is a secure and professional Defi wallet. The wallet uses advanced technology to ensure safe asset management and protection. Users are in control of their private keys, which the company never has access to. There are multiple backup options to prevent loss or theft.
Huobi Mall is Huobi’s mining pool. It ranks in the world’s top 10 mining pool services and is the world’s largest staking mining pool. This feature allows users to group and combine computing power to mine different cryptocurrencies that are available on the platform.
Advantages of Huobi Crypto Exchange:
Here are some of the highlighted features of the Huobi cryptocurrency exchange,
Huobi has a trading fee of 0.2% on each and every trade made by both makers and takers for a trading volume below 5million. If the trading volume is up to 300 million and above, the trading fee is 0.015 % for makers & 0.025% for takers.
Withdrawals and Deposits:
Huobi Global has no fiat feature for deposits and withdrawals, It accepts both cryptocurrency deposits and cryptocurrency withdrawals for all users. There is no fee charged for both deposits and withdrawals.
Withdrawal limits vary depending on whether the currency or cryptocurrency is withdrawn and whether you are a verified user or not. You can see your limits on the withdrawal screen once you log in.