Can Huobi contract withdraw cash

Huobi Contract users can withdraw cash after completing KYC verification, depositing funds, enabling contract trading, transferring funds to their contract account, placing a contract order, closing their position, and initiating a withdrawal through their preferred method.

Nov 07, 2024 at 11:14 am

Can Huobi Contract Withdraw Cash?

Yes, Huobi Contract users can withdraw cash after completing the following steps:

1. Open a Huobi Account: Create a Huobi account and complete the KYC (Know Your Customer) verification process.
2. Deposit Funds: Transfer funds to your Huobi account via a supported payment method, such as bank transfer, credit/debit card, or cryptocurrency deposit.
3. Enable Contract Trading: Navigate to the "Contracts" section within Huobi and enable contract trading by completing the required steps.
4. Transfer Funds to Contract Account: Transfer funds from your Huobi account to your contract account.
5. Place a Contract Order: Choose a contract type (e.g., futures, options), select a trading pair, and place an order based on your trading strategy.
6. Monitor Position and Adjust as Needed: Regularly monitor your contract position and adjust it if necessary to manage risk and maximize profits.
7. Realize Profit or Loss: When you close your contract position, you will realize either a profit or loss.
8. Withdraw Cash: Once you have realized a profit or have funds in your contract account, you can withdraw them to your bank account or other supported destination.

Can Huobi Cash Withdrawal Be Done on Mobile?

Yes, Huobi contract cash withdrawal can be done on mobile using the Huobi app. Follow these steps:

1. Log in to the Huobi App: Enter your login credentials and access your Huobi account on the mobile app.
2. Select Contract Trading: Navigate to the "Contracts" section within the Huobi app.
3. Transfer Funds to Contract Account: Transfer funds from your Huobi account to your contract account.
4. Close Contract Position: Choose a contract type (e.g., futures, options), select a trading pair, and close your position to realize profit or loss.
5. Withdraw Funds: Tap on the "Withdraw" button and enter the amount you wish to withdraw. Select your preferred withdrawal method and confirm the transaction.

What are the Withdrawal Fees for Huobi Contract?

Huobi charges varying withdrawal fees based on the withdrawal method chosen. Here are the current withdrawal fees for different methods:

• Bank Transfer (SEPA): 0 EUR
• Bank Transfer (Swift): 120 USDT
• Bank Transfer (Faster Payments): 1 GBP
• Cryptocurrency: Fees vary depending on the specific cryptocurrency and network congestion.

Please note that these fees are subject to change, so it's recommended to check the Huobi website for the most up-to-date fee schedule.

How Long Does Huobi Contract Cash Withdrawal Take?

The processing time for Huobi contract cash withdrawal varies depending on the withdrawal method selected. Here are the estimated processing times:

• Bank Transfer (SEPA): 1-2 business days
• Bank Transfer (Swift): 3-5 business days
• Bank Transfer (Faster Payments): Within the same business day
• Cryptocurrency: Usually within a few minutes, but may take longer during periods of high network congestion.

Please note that these processing times are estimates and may be affected by factors such as bank delays or blockchain network congestion.