Bitaigen Research How to Withdraw CNY on Huobi Global?
Huobi Global is one of the longest‑standing cryptocurrency exchanges, founded by Leon Li in 2013. It serves roughly 10 million active users each month and lists more than 350 digital assets that can be bought, sold, traded, staked, or lent for interest. The platform was originally set up in Beijing, moved to Singapore in 2017 due to regulatory pressure, and later relocated to Gibraltar. The following guide provides a complete step‑by‑step tutorial for users who want to withdraw Chinese yuan (CNY) from Huobi.
We have compiled a full workflow for users who wish to convert their digital assets to fiat on the Huobi platform. From logging in, transferring assets, selling on the fiat‑trading desk, to withdrawing the proceeds to a bank card or payment tool, each stage is illustrated with screenshots to help beginners avoid common pitfalls and complete the withdrawal quickly. Continue reading for the details.
How does Huobi withdraw CNY?
On Huobi, users first transfer the crypto they hold into their fiat‑currency wallet, then sell that crypto (typically USDT) for CNY on the fiat‑trading page, and finally follow the on‑screen prompts to withdraw the CNY to a linked bank card, Alipay, WeChat Pay, or another supported payment channel.
- Log in to the Huobi website
- Visit the official site at Click here to enter and sign in with your account credentials.
- After landing on the homepage, distinguish between the Spot (crypto) account and the Fiat account. If the fiat account shows a zero balance, you will need to transfer assets into it first.
- Complete the asset transfer
- Go to the “Transfer” page and move the cryptocurrency you own (e.g., USDT) from the Spot wallet into the Fiat wallet. Once the transfer succeeds, you can proceed to the next step.
- Enter the fiat‑trading page
- Click the “Trade” button; the system will automatically redirect you to the Fiat Trading interface.
- Switch to the Sell operation
- In the trading view, toggle the “Buy” option to “Sell”.
- Select the trading pair USDT/CNY and enter the amount you wish to sell.
- Choose an appropriate limit and payment method
- The platform will display the available transaction limits, commonly ranging from 5,000 – 50,000 CNY. If your amount falls outside this range, you can opt for a smaller limit of 100 – 1,000 CNY.
- The default payment method is a bank card, but Alipay, WeChat Pay, or any method negotiated with the counter‑party is also supported.
- Confirm and withdraw the CNY
- After confirming the order, the CNY proceeds will be credited to your fiat wallet. Then navigate to the “Withdraw” or “Transfer Out” section, choose the previously linked bank card or payment channel, and complete the withdrawal.
Note: Crypto‑related gains may be subject to tax in your local jurisdiction. Please consult a tax professional to ensure compliance.
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How does Huobi Global compare to other exchanges?
Huobi was once among the world’s most active Bitcoin trading platforms. After tightening Chinese regulations forced it out of the mainland in 2021, the exchange shifted its focus to overseas markets such as Turkey and Brazil, competing with large players like Binance and the now‑defunct FTX.
- Founder background: Leon Li previously worked as an engineer at Oracle. Leveraging a zero‑trading‑fee model, he rapidly grew a Beijing startup into a globally active Bitcoin exchange.
- Regulatory impact: In 2017, Chinese regulators required exchanges to cease fiat‑to‑crypto custodial services, prompting Huobi to relocate outside China.
- Fee structure: Huobi charges a maker‑taker fee of 0.2 % on all assets, which is considerably lower than Coinbase’s typical 1.49 % fee.
Global‑market considerations
- Fiat withdrawal options: Outside of China, users typically withdraw in USD, EUR, or other local currencies via SEPA (for Euro‑zone) or SWIFT transfers.
- U.S. users: Residents of the United States must use Binance.US (or another U.S.‑compliant platform) rather than the global Binance site referenced in the example link.
- Compliance: Always verify that the payment method you select complies with local anti‑money‑laundering (AML) and know‑your‑customer (KYC) requirements.
The steps above constitute the complete procedure for withdrawing CNY on Huobi, along with a brief overview of the platform’s history and competitive positioning. For additional beginner‑focused withdrawal tutorials, explore other articles on Bitaigen (比特根).
Related Reading
- Beginner’s Step‑by‑Step Guide to Using Huobi Wallet Safely
- How to Withdraw CNY from OKX Web3 Wallet: P2P Guide
- Buy Crypto on Huobi: Step‑by‑Step Guide for Beginners
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