Ultimate guide on how to
buy Monero (XMR) on Huobi

Step by step overview on how to buy Monero (XMR) on Huobi

Huobi is a cryptocurrency exchange with a mission to make the financial industry more efficient and to make wealth more accessible to everyone. This platform declared that they offer a world-class security system, local trading service centers in many countries around the world, and the first cryptocurrency exchange with 24/7 Customer Service.

Below are the steps on how to start trading on Huobi:

  1. Sign-up an account on Huobi
  2. Verify your Huobi account
  3. Secure your Huobi account through 2-FA
  4. Fund your Huobi account
  5. Start Trading on Huobi

1. Sign-up an Account on Huobi

Click here to open the exchange site.

To gain full access to the Huobi platform, you need to register an account first. Click on “Sign Up” located at the upper-right hand corner of the website.

huobi_verify

You will be routed to the “Welcome to sign up” page where you need to register either with your phone number or email address. In this example. we opt to register using email.

First, select your location, then type in your email and your preferred password. Next, check the agreement box and click on “Sign Up” to proceed.

A small window pops up for captcha. Check the box and click on “Confirm” to continue.

The next window will ask you to type in your email verification code.

Go to your Inbox to copy the code. Once done, click on “Complete sign-up.”

The page will then refresh and takes you to the “Log in” screen where you need to type in the login information that you recently registered.

Once you’re in, you will see a message that you have successfully opened an account on Huobi.

Nice work! You now have an account on Huobi.

 

2. Get verified on Huobi

It is a requirement to verify your identity on Huobi. To upload the needed document, click on the drop-down arrow near your account name, which is your email address, then click on “Verification.”

Fill out the form correctly and upload a valid ID. Click on “Verify” to upload.

huobi_get verified

After submitting the document, you will see a short summary of what you filled out and the status shows as pending for verification.

Perfect! You have successfully verified your Huobi account.

 

3. Secure your Huobi account by setting a 2-Factor Authentication (2FA)

What is 2FA?
Two-factor authentication, also known as 2FA, is an extra layer of security or added protection which we refer to as multi-factor authentication. Not only the username and password are required but also a piece of information that only a user possesses. This process is to confirm a user’s claimed identity.

The 2FA process helps lessen the number of identity theft cases as well as phishing via email. It would be harder for potential intruders to gain access and steal someone’s identity and personal data without that piece of information that only the account owner knows.

In the case of exchanges what the user has are his/her login details such as the username and password. The form of 2FA that a user possesses for this instance is a token or code. The code can be received either through SMS on a user’s mobile phone or via applications like Google Authenticator or Authy.

Click this if you want to know more about Authy. You can also download the app through the link provided.

In this step, we will activate 2FA on your Huobi account. Click on the drop-down arrow next to your account name or email. Select on “Account & Security” and click on Google authenticator on the small box that pops up.

huobi_two-factor

Scan the barcode or copy the key to generate the six-digit code, then click on “Link.”

You will be redirected to the “Account & Security” page showing Google authenticator has been successfully linked to Huobi.

Wonderful! Huobi is now safe to use. 

 

4. Funding your Huobi account

It is now secure to deposit money on your verified Huobi account.

Go to “Balances” and select the currency you want to deposit. In this example, we are using BTC.

Click on “Deposit.”

huobi_funding

You will then be able to see your Monero (XMR) address. Please make sure that you only send the same type of digital assets to this address. This means you can only send Monero (XMR) into your Monero (XMR) address and not other digital assets. If you deposit different digital assets to the address, you will lose the digital asset permanently.

The process normally takes 10-60 minutes. To view your pending and previous transactions, click on “History.”

Way to go! You have successfully funded your Huobi account. 

 

5. Start Trading Monero (XMR) on Huobi

With the funds you’ve deposited, you are now ready to trade on your Huobi account.

Click on “Exchange” and choose the currency that you wanted to trade under “Markets”, then scroll down to view the “Buy” option.

huobi_trading

Select your order and type in your amount. Click on the “Buy” box to continue.

At the bottom of the page, you can view your open and previous orders.

Congratulations! You have bought your first Monero (XMR) on Huobi.

Transferring Monero (XMR) from Huobi to other exchanges.

Transferring Monero (XMR) from Huobi to wallets.

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