HUOBI TOKEN cryptocurrency HT

Huobi Token (HT) Company Provides Cryptocurrency Application Huobi Lite Will Zero Fee Model Work?

March 13, 2020 Off By dan saada

Huobi Token (HT) is the native token of Huobi Global.  Huobi Global is the leading digital asset exchange that makes buying cryptocurrency and Bitcoin very simple. 

Ciara Sun, Head of Global Business and Markets, and is the Vice President at Huobi. Ciara was recently at a gathering with old and new friends to talk about the trends and breakthrough in the cryptocurrency space.

During the announcement about the launch of Huobi Lite Ciara Sun stated, “By reducing the barrier to entry and catering to both beginners and veteran traders, we’re vying for mainstream adoption across the globe, especially in underserved markets like Southeast Asia.”

Sydney Ifergan, the Crypto Expert tweeted:  “Huobi Global offering Huobi Token (HT) targets Huobi Lite focusing on the Asian and European Markets.  The Zero Fees thing is attractive.  The no fees factor might be the key to propel adoption.”

There will not be any fees for making deposits or withdrawals or to make any crypto-to-crypto swaps. We need to see how this zero fees model will work.  They obviously make money from others who sell through them, but we need to still see if this will contribute to the success factor.   

Huobi App Huobi Token (HT) Quick Buying of Cryptocurrency

Huobi app is used to manage store, track, and manage portfolios. Huobi Lite supports BTC, ETH, USDT, HT, EOS, BCH, XRP, LTC and HUSD. More of assets would be supported in the future.

Commission free trading is enabled in Huobi Lite.  This consists of cryptocurrency swaps with zero fees, facilitates users with access to competitive market prices.

The app quickens the process of new user onboarding.  It eliminates elaborate KYC proceedings.  Thus providing for frictionless user experience which permits users to be able to buy their first Bitcoin in just five minutes.  Apart from enabling the cryptocurrency transactions, the app serves to be the primary portal meant for users to be able to store, track and manage their portfolios.

Ciara Sun, VP of Global Business at Huobi stated, “Huobi Lite gives users a simpler way to trade crypto without sacrificing the trust, performance, and security they’ve come to expect from other Huobi products.”

For an average person or someone new to the cryptocurrency space, it is a hard process to buy the cryptocurrency. The Huobi App; however, reduces the entry barrier to buy cryptocurrencies.  Therefore, both Veteran traders and fresh investors will like the usability facilitated by this app.

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