What is Huobi Lite? Guide to buy and sell coins in VND on Huobi Lite

What is Huobi Lite?

Huobi Lite is an application that allows Huobi users to make direct transactions using fiat. This app is Huobi Group debuted in March 3.

Huobi Lite also aims to serve as a main portal for users to store, track and manage their portfolios.

Features that Huobi Lite brings

• Allow users to trade popular coins like Bitcoin without trading fees
• Make trading easier by allowing users to trade cryptocurrencies directly with a fiat type
• Payment allows through a variety of methods, including credit cards
• Convenient for residents living in Vietnam because of the integration of Vietnam Dong
• Competitive buying-selling price
• High security
• High liquidity, fast transaction processing speed

The types of fiat and cryptocurrencies that Huobi Lite is supporting

Supported fiat types: US Dollar (USD), Vietnamese Dong (VND), Malaysian Ringgit (MYR), Hong Kong Dollar (HKD) and Chinese Yuan (RMB).

Supported cryptocurrencies: BTC, ETH, USDT, HT, EOS, BCH, XRP, LTC and HUSD.

What devices can Huobi Lite be used on?

Currently Huobi only supports applications on Android and iOS platforms.

Instructions on how to add a bank card on Huobi

Step 1: Open APP Huobi, select the avatar in the upper left corner (1), then click "Account center" (2).

Step 2: Click on it "Manage the way of receiving money".

Step 3: Select the item "+ Add" (1) => "Bank card" (2)

Step 4: Enter all required information and select "save"

Step 5: Enter the password required and select "confirm". That's it done.

How to buy Bitcoin with Vietnam Dong on Huobi Lite

In this section, Blogtienao will take Bitcoin transactions as an example. The rest of the coins are similar.

Step 1: Open APP Huobi, select the top left avantar image to go to Lite version. However, there will be two cases that occur in this first step.

+ Case 1: When you click on the avatar on the left corner, you may be able to immediately transfer to Huobi Lite

+ Case 2: When you click on the avatar on the left corner, instead of you can immediately switch to Huobi Lite, you will only see Huobi Pro. So you just need to click on Huobi Pro and then continue to transfer to Huobi Lite.

 

Step 2: Check the box "deal" of the type of coin you want to trade. In this case, Blogtienao selects the box "deal" at the Bitcoin section

Step 3: Check the box "Buy" 

Step 4: Enter the amount you want to pay. Then select the cell "Buy"

Step 5: Then select the payment method box "Bank card"

Step 6: Confirm the order information and click "Purchase confirmation"

Step 7: Next, you transfer the money to the person who will sell the coin to you with a bank card. After completing the payment, return to Huobi Lite and select "I have paid successfully" and click "Confirm" in the payment confirmation window.

Note: You only have 15 minutes to pay.

Step 8: You just need to wait for the seller to release the coin to complete the transaction.

After a successful purchase, you can check the assets and transaction records purchased in your wallet.

How to sell Bitcoin and get it in Vietnam Dong on Huobi Lite

In this section, Blogtienao will take Bitcoin transactions as an example. The rest of the coins are similar.

Steps 1 and 2 then do the same as in item "How to buy Bitcoin with Vietnam Dong"

Step 3: Check the box "Sell"

Step 4: You choose "Sold with VND"

Step 5: You need to enter the amount or number of coins you want to sell. Note:

• If you choose "Amount sold" (1), you will enter the amount VND 
• If you choose "Sell number" (2). The sale will enter quantity BTC

Then choose "sell" (3).

Step 6: Next, you choose the payment method, here Blogtienao choose "Bank card". Then you need to enter the OTC transaction password.

Step 7: At this point, you need to confirm the information and select "Confirm sale"

Step 8: After you have received your transfer, return to Huobi Lite and select "You confirm receipt of the money" , and "confirm" Again.

Step 9: You need to enter the OTC password again and the transaction is complete.

How to top up Huobi Lite

Step 1: Select avatar in the left corner and select "Move to Huobi Pro"

Step 2: Click on it "Talented floor", then the box "recharge"

Step 3: Select the property you want to transfer. Here, Blogtienao chooses Bitcoin. Next, you will receive Bitcoin addresses, copy them to the platform or wallet you want to transfer and perform the money transfer operation.

Step 4: Once BTC is in your account, you choose to go back to the "assets" section, then choose "transfer"

Step 5: Next, you need to check if the amount you transferred is from "Exchange" blood "OTC account" (1) is not. If not, then click the transfer arrow (2) in return. Enter the number of BTC you want to transfer (3), then select "Transfer" (4).

Step 6: To check assets, go to Huobi Lite and click on "wallet" is going to see.

How to withdraw electronic money from Huobi Lite 

Step 1: If you're in Huobi Lite, move to Huobi Pro by selecting the avatar on the left and clicking "Move to Huobi Pro"

Step 2: Select the item "Property" (1). You will then see the cryptocurrency assets you have purchased in the Lite version are displayed in the section "OTC assets" (2).

Step 3: Click on the item "transfer" and choose switch from "OTC account" to "Exchange" (1), enter the amount to be transferred (2) then select "Transfer" (3).

Step 4: After the transfer is completed, return to the page "Property" (1) and choose "Withdrawal" (2), select the property you want to transfer.

Step 5: Enter the address you want to send to the box "Withdrawal address" (1), "Amount of BTC" (2) and choose "Withdrawal" (3). So the asset withdrawal process has been completed.

Conclusion

Hopefully through this article, you understand what Huobi Lite is and how to use this new application.

If you have any questions, please comment below the article or post a question on the BTA Facebook page. BTA will answer your questions as quickly as possible.

good luck!