Welcome to the Huobi AMA! Steemians can use the comments to this post to ask the Huobi team any questions they might have about their exchange. If you’re part of the Huobi community, you can also take this opportunity to ask any questions you might have about the Steem ecosystem.
About Huobi (from huobi.com/about):
Huobi is an advanced U.S. digital currency trading platform operated by HBUS Holdco, Inc. ("HBUS"), a U.S. company and strategic partner of Huobi Global, one of the world’s largest digital asset trading and management service providers. The Huobi service offers a wider variety of token options and giveaways to American audiences, with 24/7 personal customer support, and unparalleled security.
Located in San Francisco, HBUS is founded by a team of proven technology executives and disruptive founders, and operates the Huobi marketplace platform under the highest of ethical standards with a commitment to U.S. legal compliance.
The Steemit Team
Hi all! Thanks so much for stopping by and asking questions! We'll continue to monitor this post for the rest of the day and check back on Monday, so if you didn't get a chance to ask a question or if something else occurs to you, please don't hesitate to ask!
Especial thanks to the Steemit team for hosting us and giving us this awesome opportunity to interact with all of you!
Flagged for dodging questions!
Please answer the question from @fyrstikken or forever hold your mouth shut!
It was a pleasure collaborating with you!
Are you well enough connected to be more than just useful?
Wonderful Huobi after all these years, welcome! My first question is about the network effect between solid exchanges/Arbitrage in the west and in the east - would you be an actor in bridging more arbitrage routes for STEEM/SBD to for example OKCoin, Bitfinex and the other liquidity hubs in the world of crypto and fiat?
Sincerely
@Fyrstikken INC
Amazing that Steemit is so decentralized that users with sufficient Steempower can influence Steemit Inc's official posts and flag them into being hidden if they don't meet the community guidelines, shows us how amazing and user driven steem really is
Hello, with my qualities posts and content not getting enough visibility,
I would like to plead in any way whether you can help me out by delegating some amount of steem power to me for me to grow my account and curate more. I will be happy for your helping hand been rendered to me and i promise to make careful use of it and use it also to impact and grow others on steemit.
Thanks.
Explain why Huobi shows up with 26% transparency.
https://www.blockchaintransparency.org/
The article actually talks about our strategic partner, Huobi Global, so we don't have an answer for you on this. Sorry!
Hmm. Literally wrote a post about this 15 hours ago. Id love to have this answered as well.
Ok, I'll take a nibble if you don't mind.
How was your experience overall getting STEEM listed? Would you say the implementation was difficult or easy? If you could briefly comment on how it compares to other projects Huobi works with, that would be of great insight.
Assuming you are running a full node (it would make most sense imo), What are your thoughts on the scalability of the STEEM blockchain? And what in your opinion would be ideal targets for hardware requirements to run nodes.
Everyone keeps on talking about DEX, the idea being that the in the future most (not all of course) exchanges would allow users to keep their own funds at all times. With Binance throwing their hat on the ring, so to speak, are you guys planning on following that direction as well? If you can't comment on that precisely (it's very possible) What are your thoughts on the very idea of DEX.
Thanks in advance.
Great questions, @meno! Let us take a stab at it:
Great questions meno. I want to see the response.
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Do you understand the value of a SBD:USD pair?
SBD's economic are designed to peg it to USD and there are not such pair available anywhere AFAIK.
Great opportunity for you.
We're definitely looking into SBD but we have nothing beyond that to share at this time, sorry!
Will this affect those who use smart contracts? will it have an impact on the Ethereum price?
The idea of approaching steem, excites me.
Hope we understood your question right - the listing of STEEM on the Huobi Marketplace shouldn't affect any smart contract users or the Ethereum price.
We agree, STEEM is a great project and we're really excited to have them onboard!
Huobi is not from US. they are from China, based in SIngapore and have offices in USA as well but dont try to make them seem American... If nation states dont matter just admit its CHinese
I mean honestly nation states do matter, if you told us there was some North Korean or Venezuelan company people would be really concerned
Hi, unfortunately you are incorrect. The Huobi Marketplace is operated by HBUS, a US company located in San Francisco, CA. We are partnered with Huobi Global, but we are an independent entity.
I think some few people already asked the questions I had in mind. Just a vote of thanks for taking on STEEM. This is a step closer to mass adoption through you for creating more awareness of the existence of STEEM to your already existing community. Great to be in business with you <3
No problem! We're really excited to have STEEM on board.
😊👍🏻
Are you purely an exchange or do you also have a wallet function?
I'm so glad you listed steem and I am setting up my account now. Greetings from Malaysia :)
Glad you're here, @fitinfun! Currently, we're purely an exchange, but have a wallet function built into our platform :) Huobi Group has a Huobi Wallet if you want to check that out: https://www.huobiwallet.com/en/
Thank you very much. I will do that. I am so glad you are here posting on steem and well as adding us to your exchange. This is a great way to get your message out :)
We are glad to be here!
What did you guys see in Steem and the Steem community that made you decide to list us on your exchange?
Our approach to listing projects imagines a future where digital assets are used by more and more people. To achieve that goal we need the support of quality partnerships and community backing, Steemit as a social media platform that rewards users with STEEM for creating/curating content was directly within our radar for a strong and engaging listing. I mean, just today we are already seeing so much engagement from the community!
Thanks for the answer! The Steem Community, hopefully both Steem and Huobi have a bright future ahead working together aside from just joining your exchange :^)
Thank you @huobius I'm happy we have you onboard 😊
More than excited to be here, @chrisrice!
Do you have safeguards to prevent another QuadrigaCX-like event from happening?
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We have multiple signers, and we have a process in place where the key is managed by roles, not individuals.
Why should I choose your exchange over other established exchanges where I usually trade my steem.
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Hi prasath, check out an in-depth response posted above: https://steemit.com/ama/@steemitblog/huobi-ama-is-now#@huobius/re-rishi556-rishi556-re-steemitblog-huobi-ama-is-now-20190301t190851985z
When are you planning to list SBD on Huboi Exchange.
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Hi there! We don't have any announcements to share about SBD, but we'll let you when we do!
You're missing out. There are no extra technical requirement if you already support Steem.
Where do you see your exchange In next 5 years.
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We see ourselves being the primary marketplace for US customers to trade digital assets in a compliant and secure manner.
I just want to know about the security of exchange because there is too many incidents when exchange got hacked.
Is there any plan about it's dcentrlised version
We have no plans to become a decentralized marketplace, sorry!
We have no plans to
Become a decentralized
Marketplace, sorry!
- huobius
I'm a bot. I detect haiku.
Good bot.
Why should I choose you over other exchanges?
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Hi Rishi, the Huobi marketplace is focused on US compliance, and we're located in the US (headquartered in San Francisco). In addition, we're the exclusive US partner of Huobi Global, and that allows us to provide access to order books and other tools that weren't previously available to US users.
As the crypto industry matures, we think we'll be uniquely placed to be the go-to marketplace for US users who want to make sure they're trading on a compliant, secure platform.
What does it mean that your exchange is compliant in the United States @huobius and what are the risks that investors face when holding their portfolio or trading on a non-compliant platform?
Hi Chris, our focus on compliance means that we're dedicated to following all laws and regulations regarding the trading of digital assets in the United States.
It's difficult to say what the risks could be in the future, because digital currencies are still very new, but that uncertainty poses a risk in and of itself, and we want to be a place where our users feel their assets are secure and accessible.
Are you any relation to "blocktrades" as you sure talk like them, and come from the same location, careful now, blockchain records and all, p.s. do not even try to go all politician on me, and talk around the question. A straight question gets A straight answer! ..--==lkkjjdjiuff..\\n%ww"111
Take it easy shepz1. No need to be hostile.
Not hostile, just a question is all.
Is it a priority for you guys to create a direct steem/fiat pair at some point?
We evaluate community activity, trading volume, and interest when determining what fiat pairs to add to our platform, so it's an on-going process. If the demand is there, then we'll do it!
They only have BTC/ETH/USDT fiat pairs so far
I am a early user of Houbi and I prefer staying with my HBG account. Do I have to start using HBUS? (or now Houbi.com after the rebrand 😁) Or can I remain using HBG.
What is the difference in HBG and HBUS? Can you break that down for us.
What advantages do I get as a US trader to trade on HBUS over HBG or even lets say a large exchange like Binance?
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Hello @californiacrypto, we don’t blame you for trading with HBG. They’re great! But as Huobi Group’s US strategic partner, we offer services to U.S. customers while HBG does not. We leverage Huobi Global’s excellence in security and run our own operations in the U.S., based out of San Francisco in fact! As icing on the cake, we offer fiat (USD) trading pairs, lower trading fees, 24/7 customer support and access to enhanced order books.
As the crypto industry matures, we think we'll be uniquely placed to be the go-to marketplace for US users who want to make sure they're trading on a compliant, secure platform, so we hope to see you onboard!
I will definitely give houbi.com a look. Thanks for your response.
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How has working with the Chinese government as a cryptocurrency exchange been going so far? And do you see any progress for Huobi to bring crypto to the masses in China? Thanks for the AMA! Cheers!
Thanks to our strategic partnership with Huobi Group (Huobi Global), we have access to established market insights in the big Asian markets. China is definitely one of the largest players to emerge in the bull market, and we expect to see a lot more crypto/blockchain activity in that market space over the next several years.
And thank you, friend, for participating in the AMA!
Will Huobi add USDC transfer in future? Basically, I can buy USDC at coinbase, then transfer to Binance to buy crypto with fee of 4 cens. It is very cheap way to tranafer fiat other than wire transfer.
USDC is definitely on our radar, but no solid plans for listing yet ;)
I have a second question if you don't mind! I know your partner Huobi Global are a block producer for EOS, have you considered being a witness for Steem?
We have no plans to announce right now, but we will definitely keep you updated!
Politician answer, sounds a little like blocktrades, "much"
No question, just want to say welcome and awesome to have you here! :)
Thank you! We're thrilled to be here :). Thanks to the Steemit team for hosting us!
Firstly, thanks a lot for listing steem to your exchange and make it more accessible.
My questions:
Will you consider a Steem-USD (other fiat) pair?
Is pairing to fiat can be done easily & safely through debit/credit cards?
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Thank you @photocircle, we're happy to be here!
Thanks for your reply @huobius, hopefully Steem will be set out for mass adoption soon and get the popularity it needs to make these features possible.
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I am a new user of Houbi and I starting my HBG account. Do I have to start using HBUS?
And you have a wallet function?
Will certain coins be unavailable for purchase if you live in a specific state or region?
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Not specific coins, no. But there are certain states the residents of which can not currently trade on the Huobi marketplace, and if you're not located in the United States or China, you won't be able to use Huobi either. Other than that, no limitations!
Thanks for the response. I'm in NYC. Will I be able to trade?
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Unfortunately, we do not currently provide services to users in New York. :( But this is 100% on our radar, so stay tuned with our announcements/updates!
This is very disappointing. Hopefully we'll be able to trade sooner than later. Will updates/announcements be posted on this steemit page? Thanks again.
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Generally those kinds of announcements will be made on www.huobi.com
Ok
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Will it affect the Ethereum cost?
Great questions brother!
Are u going to set up an office in Ireland for tax breaks?
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We figure Mars has good tax breaks these days, so that's our long-term plan...
In all seriousness, we have no plans to set up an office in Ireland at this time.
well if you do, let me know. being an accountant, there are a lot of technology companies with an office in Ireland for that very reason, although mars would be a better option, maybe I will see you there
Depends which one, there are 2 you know?
Is Huobi gonna be available worldwide?
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We would like to expand in the future but right now we are focused on the USA and China.
Ah ok thanks for anwsering 👍
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What is Huobi's projection for Latin America?
What are your plans for the coming year is there something new going to take place in the coming times?
We are working on developing our mobile app and listing as many awesome digital assets (like STEEM!) as possible.
Are you partnered with any other exchanges?
Hi Huobi! I see you don't provide services in a few states. Are you planning to open up services in any of those states? If yes which states and how soon?
We definitely plan to expand our availability to further states but we have nothing to announce about a timeline at the moment. As soon as possible, though!
Which country in your main office?And when did it start?
Hello @rdxhuda! We are based in the U.S., San Francisco in fact! Our platform opened trading originally as HBUS on July 10th, 2018.
What did you all observe in Steem and the Steem people group that influenced you to choose to show us on your trade?
Will Huobi include USDC move in future?
Where is steem in houbi.. I am interested trade in place..
STEEM is available for Deposit/Withdrawal/Trade on Huobi now! Check it out at https://www.huobi.com/
Is your exchange is open in Philippines?
Is your exchange is accessible In Pakistan ?
Unfortunately not! Right now we're focused on the United States, but other countries are a possibility in the future.
Will wait for that day!!
The amount TX charges required for exchanging or trade? @huobius
How much does Huobi charge for depositing USD into the exchange?
We don't charge for USD Deposits, but your bank may charge you for the Wire transfer. We only have fees for Withdrawals.
What are your plans for further explanding into Asian countries like India which has huge growing crypto Community.
Currently we're focused on the US Market, but it's possible we'll expand into other countries in the future! We'll keep you posted.
Will Huobi list SBD also sooner rather than later?
What is your data sharing agreement with government entities, and what is your stance on user privacy?
Hi Joshman, you can read our full Privacy Policy here: https://www.hbus.com/privacy-policy/
Good evening. Do you have any plans to open up the exchange to people in Europe at any point?
Hi Valth, right now we're focused on the US market, but who knows what the future holds!
Will STEEM be listed on Coinbase any time soon?
Don't think they can answer that.
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How much is the withdrawal fee? I asked this question is because huobi pro(based on China) is charging 0.5 steem per withdrawal, it's so much higher than other exchanges.
Hi ericet, the withdrawal fee on Huobi is also 0.5 steem.
Actually I don’t have any account in huobi. It is difficult to say but I believe all the exchanges will grow in much bigger volume in future.
Could u please tell me some advantages of that exchange??
Sure, we posted some reasons above: https://steemit.com/ama/@steemitblog/huobi-ama-is-now#@huobius/re-rishi556-rishi556-re-steemitblog-huobi-ama-is-now-20190301t190851985z
When will the Huobi exchange be available to Africa countries.... And hope Huobi Exchange will not dump the price of steem
Right now we're focused on the US market, but in the future it's possible we'll expand internationally!