Huobi Token (HT) is the native cryptocurrency of the Huobi Global exchange. It was launched in 2018 and serves as a utility token, offering various benefits to its holders, including lower trading fees, VIP rewards, and governance rights. HT is an ERC-20 token with a limited supply of 500 million and is used for trading, payments, and other services within the Huobi ecosystem.
Huobi Token (HT) is the native cryptocurrency of the Huobi exchange, a prominent global trading platform. It plays a crucial role within the Huobi ecosystem, offering various benefits and features to its holders. Here are the key ways HT is used:
Discounts on Trading Fees: HT holders can enjoy discounts on trading commissions. The default trading fee on Huobi is 0.2%, but HT holders can get a discount of up to 90% depending on their HT retention level.
Rewards and VIP Status: HT holders can become Huobi VIPs, earning exclusive rewards and benefits. They can also participate in events like Huobi Bitcoin Pizza Day, where they receive special awards.
Voting Rights: HT holders have voting rights, allowing them to participate in decision-making processes for the platform, such as voting on new coin listings.
Collateral for Loans: HT can be used as collateral to receive crypto loans, providing users with additional financial flexibility.
Governance and Community: HT is used to support the community-driven development of the platform, with holders influencing key decisions and contributing to the growth of the Huobi ecosystem.
Trading and Payments: HT can be traded with other cryptocurrencies and used for payments within the Huobi ecosystem, making it a versatile asset for users.
Overall, the Huobi Token is designed to enhance the user experience on the Huobi exchange, offering a range of benefits that incentivize users to hold and use the token.
To store Huobi Token (HT) tokens, you can use a variety of wallets that support the HECO chain. Here are some options:
Ledger Hardware Wallet: Ledger offers a secure hardware wallet that stores your private keys offline, making it resistant to malicious attacks. You can manage your HT tokens through the Ledger Live app, which allows you to buy, swap, and stake your tokens.
Wigwam Crypto Wallet: Wigwam provides a secure wallet for storing HT tokens. You can buy, sell, exchange, and stake your tokens directly within the wallet. It also offers real-time tracking of your assets and does not require KYC or personal data collection.
Zengo Keyless Wallet: Zengo offers a keyless wallet that uses facial recognition and other advanced security methods to keep your HT tokens safe. You can easily send, receive, buy, and trade your tokens within the app, which also provides real-time portfolio tracking.
- Other Wallet Options: You can also use other wallets like Bitget, Metamask, and desktop or mobile wallets that support the HECO chain. These wallets allow you to store and manage your HT tokens securely.
Regardless of the wallet you choose, make sure to follow the necessary steps to set up and secure your wallet to protect your HT tokens.
To buy Huobi Token (HT) tokens, follow these steps:
Choose a Reliable Exchange: Select a trustworthy and reliable cryptocurrency exchange that supports Huobi Token (HT) purchases. Some popular options include HTX, KuCoin, Gate.io, Pionex, and YouHodler.
Create an Account: Register on the chosen exchange by providing the required information and setting a secure password. Enable two-factor authentication (2FA) for added security.
Verify Your Identity: Complete the Know-Your-Customer (KYC) verification process, which may vary depending on your nationality and region.
Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
Buy Huobi Token (HT): Use your added payment method to buy HT. You can purchase HT directly with fiat currency if supported, or first buy a popular cryptocurrency like USDT and then exchange it for HT.
Additionally, you can also use decentralized exchanges (DEXs) and crypto wallets to buy HT. For this, you need to:
Download a Crypto Wallet: Choose a reputable wallet like Trust Wallet and download it to your device.
Set Up Your Wallet: Register and set up the wallet, ensuring you keep your seed phrase safe and note your wallet address.
Buy ETH as Your Base Currency: Buy Ethereum (ETH) on an exchange like Binance and transfer it to your wallet.
Choose a DEX: Select a DEX that supports your wallet and the HT token.
Connect Your Wallet: Connect your wallet to the DEX using your wallet address.
Trade Your ETH for HT: Use your ETH to buy HT on the DEX.
Remember to always follow the specific instructions provided by the exchange or wallet you are using, and be cautious of fees and market risks.
