What is Huobi? 💧
Founded by Leon Li — Huobi is a cryptocurrency exchange founded in 2013 and is one of the biggest cryptocurrency exchanges today due to its having listed more than 500 coins and tokens.
What is BEP20? 🤔
BEP20 is the token standard of the BNB Chain (previously known as Binance Smart Chain or ‘BSC’). This token standard allows users to transfer tokens such as USDT, USDC, WBTC, WETH, etc, through the BNB network.
Does Huobi support BEP20 token deposits? 💸
Yes, Huobi supports depositing BEP20 tokens such as Tether(USDT) and USDC.
Does Huobi support BEP20 token withdrawals? 🤑
Yes, Huobi supports withdrawals of BEP20 tokens such as Tether(USDT) and USDC.
is Huobi safe and secure? 🔒🤔
The Huobi team seems to be doing a pretty good job in keeping the platform secure. But regardless, while Huobi is a great platform to trade, we always recommend using a hardware wallet for holding coins and tokens for the long term.
Final Thoughts 🗒
Trading or investing in tokens using centralized or decentralized exchanges is great and all that, but always make sure your funds are secure. We always recommend using a nice hardware wallet like a Ledger to achieve this.
