HTX Exchange Pakistani Users Guide

The advancement in cryptocurrencies has taken Pakistanis by storm. Now, more and more Pakistanis are jumping on the bandwagon and are on fire to make money with cryptocurrencies.

Fortunately, Huobi Exchange is a great platform that makes it easier for Pakistanis to achieve this goal. Let’s unlock the guide now on how Pakistanis can use this exemplary exchange platform.

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Kickstart Your Journey at HTX Exchange

Step 1: Register

Before you begin trading on Huobi, you will obviously have to sign up for the platform, and you can do that via its web or mobile application. 

To register an account on the Huobi exchange, go to its official website, click the “Sign Up” button that you will find on the upper right side of its webpage, and follow the steps outlined, such as adding your phone number or email address, setting up a password, etc.

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Step 2: Complete Verification

While you can trade on Huobi Global without completing KYC, your trading activity will be somewhat restricted. So, in the long run, it’s recommended to complete the KYC procedure, which we’ll cover in this section. On Huobi, there are different levels of verification, which, upon completion, will increase your daily withdrawal limits.

Here’s how you can complete the KYC verification on your mobile version:

1. Open your Huobi application and press the “Me” option at the bottom.
2. Tap “Unverified” on the upper right side, and you will then find yourself looking at the different verification levels on the platform, which mainly boil down to three.
3. On the “Basic Permissions” section, i.e., the first verification level, tap the “verify” option.
4. Fill in the basic information, such as your country of residence, first name, last name, date of birth, and nationality.
5. After you have submitted the information, you are done with your Level 1 KYC.

The second verification level is titled “Basic Verification.” Here’s how you can go about it:

1. Tap “verify” in that section and choose your ID type, i.e., CNIC card for Pakistanis.
2. Upload pictures of your identity documents and then submit the verification application.
3. The second level of verification will be successfully completed once your application is approved.

The third and final verification level is titled “Advanced Verification.” Tap “verify” to begin, and here you will have to undergo facial verification.

Once your application for this level of verification has been approved, you will finally be done with your KYC process on Huobi.

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Step 3: Deposit

Here we will use USDT as an example and we’ll demonstrate how you can deposit cryptocurrency from other networks to your Huobi account via the mobile application. Follow the steps below:

1. Select the “Deposit” button on the assets page
2. choose the asset, which, in this case, is USDT.
3. Choose the correct deposit network, i.e., TRC20
4. Copy either the QR code or the deposit address
5. Paste the address into the withdrawal pages of the other accounts or platforms that you will transfer the funds from.

And that’s it; USDT will be deposited in your Huobi account shortly.

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Step 4: Buy Crypto

Pakistanis have various methods to purchase cryptocurrency on Huobi Global. You can either purchase it from the P2P platform with PKR fiat currency or through your credit/debit cards.

Fiat

The two primary fiat methods that exist on Huobi to buy cryptocurrencies are debit/credit cards and bank transfers. Here, we will be looking at how you can buy using PKR through a bank transfer (SEPA).

1. Log in to your Huobi account (web), click on “Balance,” and then “Exchange Account.”
2. Select “Deposit,” then “Exchange,” type PKR in the search field,
3. Click on the “Deposit” option for PKR.
4. Choose SEPA as the bank transfer method, add the PKR amount you wish to deposit, and click “Next.”
5. To initiate SEPA transfers, go to your online bank account, log in, head over to your “Transfer” menu, and add the relevant information.
6. The PKR balance will be credited to your account after the transfer has been reviewed and approved.

First-time users, however, will have to complete the KYC process before depositing using such methods. You can determine how much you can deposit based on your verification level; if you want to “Increase Limit,” then complete advanced verification. 

Also, use the bank account with the same name you used to sign up on Huobi.  Or you can instead go to your local branch to make transfers. Make sure to add a valid reference number; otherwise, your deposit will fail.

Debit / Credit Card

To buy using debit or credit cards, follow the steps below:

1. Head over to its official website, select “Buy Crypto” and “Quick Buy/Sell” after you have logged in.
2. From the drop-down menus, choose PKR as your local currency, select the cryptocurrency you wish to purchase, and click “Buy”.
3. Select the “+Add” option if it is your first time using cards or if you wish to link a card you haven’t linked before.
4. After that, enter the details such as the card number, expiration date, etc. and click “Next” to continue.
5. You will be directed to the quotation page, and once there, check if everything is in order, like the fiat currency you have to pay, the cryptocurrency amount, and the linked card.
6. After your transaction has been completed, you can then transfer your cryptocurrencies to your Huobi Exchange Account from your Fiat Account through Huobi.

In case your card fails to link, check if the information provided is accurate or whether the card happens to be the one that you have linked previously.

P2P Exchange

To buy via the P2P exchange, log in to your Huobi account on mobile and follow the steps below:

1. Select “Trade,” then “Fiat,” and then “P2P.”
2. Choose your desired payment methods, fiat currency (PKR), cryptocurrencies.
3. State your price and select “Buy.”
4. Choose the total fiat or cryptocurrency amount that you wish to purchase within 45 seconds, and select “Order.”
5. After that, choose your desired payment method through which you want to transfer the funds, and then tap “Pay Now.”
6. Select “Contact” to communicate with sellers should you have any questions.
7. Then transfer the funds within the allocated time limit via the selected payment method.
8. You can switch from the Huobi application to your own payment gateway to send the money.
9. After the payment is completed, return to the Huobi application to prove the payment’s completion.
10. And once you have double-confirmed your payment to the seller, press “I have paid.”
11. Wait a while for the seller to verify your transfer within their account, and if they didn’t release your cryptocurrency to you, then you can press the “Complaint” button.

However, once the seller has received the funds, your tokens will be deposited in your fiat account.

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Step 5: Choose Your Preferred Trading Strategy

Now that you’re all done with deposit and purchase of cryptocurrencies, it’s time to engage in trading on the Huobi platform.

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