Crypto Academy Season 3 — Beginners Course, Task 5 : Homework Post for Professor @imagen | Dex, Cex, Popular Exchanges and Trading Cryptos
Greetings to everyone. I acknowledge this lesson written by prof @imagen to be more important to the community. We thank prof @imagen for this wonderful opportunity to help the community know more about platforms in both centralized and decentralized network systems, and how we can use them.
QUESTION
Choose any of the following exchanges and develop a basic guide on how to use it, indicating whether it is decentralised or centralised.
• Huobi
• KuCoin
• Waves Dex
Huobi
Introduction:
How to Register on Huobi
STEP 1
First of all, this is their official site https://m.huobi.com/en-us/. Click on the site to open to the page as shown below.
Click on the Login button on the top right corner to sign up and create an account for Huobi exchange as shown below.
STEP 2
Click on Sign up to register the huobi account.
STEP 3
The displayed page would be require details of your phone number or email. Select the country for it code before using the phone number option. Then click on Next button to go the next page.
STEP 4
Then click on reCAPTCHA to Verify that you not a robot. After that, an SMS code would be sent the number used for verification. Finally click on Login to the next page.
STEP 5
You would successfully be logged in to the Huobi exchange account. Home page will be displayed and can be scrolled up and down for more information.
Some Basic Features of Huobi
- Market
This contain all assets on the platform and their various market database such as the price, volume etc. Their percentages can increase and decrease with respect to the market price.
- Spot
This page includes the buy and sell different types of assets. Assets can be exchanged from BTC/USD either by buying or selling. Input the number of BTC you want to exchange for USDT and choose what you want to buy or sell. One can change the asset at the top by clicking the BTC/USDT icon above. The margin of the assets can also be known.
- Contract
One can perform contract by viewing derivative assets, other Contract bills and more. One can open order and also trade assets within the contract.
- Balances
All assets are been displayed here, the total amount in each asset and the overall total amount one has in all assets can be seen in USD/BTC. Wallet address can also be copied to deposit the assets.
Conclusion
The huobi exchanges is a centralized system that deals with trading activities such as buying and selling of crypto assets at their best rate. It is one of the largest trading market platform in the world which is easy to register and simple to use. I have provided more details about the Huobi in my above information.
Thank you.
Written by: @hmohammed14
Cc; @imagen
Hello @hmohammed14,
Thank you for taking interest in the 5th Task of the Beginners’ class. Your grades are as follows:
Feedback and Suggestions
Thanks again as we anticipate your participation in the next class.