Can Huobi still buy and sell Bitcoin?

Huobi.com currently cannot buy or sell Bitcoin in mainland China.

#Huobi.com currently cannot buy or sell Bitcoin in mainland China.

In September 2021, the Chinese government issued a notice on further preventing and dealing with the risks of speculation in virtual currency transactions, requiring domestic virtual currency exchanges to stop providing virtual currency trading services to domestic residents. As a Chinese company, Huobi must comply with Chinese government regulations, so it has stopped Bitcoin trading services for mainland Chinese residents.

Huobi used to have the following advantages compared to other exchanges:

• **High visibility: ** Huobi is one of the earliest virtual currency exchanges in the world, with high brand awareness and a huge user base.

• **Strong Liquidity:**Huobi.com’s trading volume has always been among the top in the world, with strong liquidity and fast transaction speed.

• ** Rich products: ** Huobi provides spot trading, margin trading, contract trading, options trading and other trading products to meet the investment needs of different users.

• **Support RMB transactions:** Huobi supports RMB deposits and withdrawals to facilitate transactions for mainland Chinese users.

However, Huobi.com also has some shortcomings:

• **Higher handling fees:**Huobi.com’s transaction fees Relatively high, especially for small transactions.

• **Security needs to be improved:**Huobi has had many security incidents, resulting in the loss of user assets.

• **Regulatory Risk:** Huobi.com is a Chinese company and is subject to supervision by the Chinese government. The Chinese government has always been cautious about virtual currencies and may introduce stricter regulatory policies in the future, which will have an impact on the operations of Huobi.com.

Here are some other trusted exchanges:

• Binance

• OKX

• Coinbase

• Kraken

• Gemini

• Bitstamp

• Bitfinex

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