Huobi Announces Listing PayPal USD (PYUSD) with Zero Fees for USDT Conversion

Understanding USDT Transactions on Huobi

Huobi Global, a leading digital asset exchange, has recently announced the listing of PayPal USD (PYUSD), offering users zero-fee conversion to USDT. This guide explores essential aspects of trading and withdrawing USDT on Huobi.

How to Withdraw USDT to RMB on Huobi?

Withdrawing USDT to fiat currency involves several steps:

Transfer USDT from your trading account to your fiat account.
Sell USDT in the OTC (over-the-counter) trading section.
Withdraw RMB to your linked bank account.

Note: Withdrawal fees vary based on the payment method and amount.

Converting Crypto to Fiat on Huobi

Huobi’s fiat trading zone supports:

BTC
ETH
USDT
EOS
HT
HUSD

Steps:

Convert unsupported assets to listed currencies.
Transfer to your fiat account via "Asset Management."
Sell the asset for RMB.

USDT Contract Trading Explained

USDT perpetual contracts allow trading with USDT as collateral. Key features:

Leverage: Up to 125x (varies by asset).
Settlement: Profits/losses calculated in USDT.
Supported Pairs: Includes BTC/USDT, ETH/USDT, and more.

Example: A BTC/USDT contract lets you speculate on Bitcoin’s price without holding BTC directly.

Buying USDT on Huobi

Purchase Limits and Process

Minimum/Maximum: Varies by payment method (bank transfer, credit card, etc.).
Steps:
1. Navigate to "Buy Crypto."
2. Select USDT and payment option.
3. Confirm the transaction.

Tip: Huobi occasionally offers fee discounts for first-time buyers.

Fee Structure

Huobi’s trading fees are competitive:

Spot Trading: 0.2% maker/taker fee (reduces with higher volumes).
Withdrawals: Depends on the blockchain network (e.g., ERC-20 vs. TRC-20).

Transaction Type	Fee Rate
Spot Trading	0.2% (default)
USDT Withdrawal	Network-dependent

FAQs

1. Is Huobi safe for USDT transactions?

Yes, Huobi employs advanced security measures, including cold storage and two-factor authentication (2FA).

2. How long does a USDT withdrawal take?

Processing times range from 5–30 minutes, depending on network congestion.

3. Can I convert PYUSD to USDT without fees?

Currently, Huobi offers zero-fee PYUSD-to-USDT conversions for a limited time.

4. What’s the difference between USDT spot and contract trading?

Spot trading involves buying actual USDT, while contracts are derivatives based on USDT’s value.

👉 Start trading PYUSD with zero fees on Huobi today

👉 Learn more about USDT perpetual contracts

Disclaimer: Fees and features are subject to change. Always check Huobi’s official announcements.