Huobi, the global leader in crypto exchanges, has announced support for the Russian Ruble (RUB), which will allow users to deposit and withdraw the new fiat currency on their platform. The new feature was introduced in collaboration with and allows users to purchase popular cryptocurrencies such as BTC, ETH, LTC, USDT, EOS, BCH, ETC, BSV, DASH, HT and HPT with rubles. She works with AdvCash – a leading fiat and provider of crypto payment solutions.
Huobi Global welcomes the newcomer and also offers RUB deposits and crypto purchases in the aforementioned fiat currency via AdvCash Wallet. However, the minimum deposit and withdrawal limit for RUB is 200 RUB, while the maximum is 100,000 RUB and 50,000 RUB, respectively.
The whole process of conducting RUB transactions on Huobi through AdvCash is quite simple and straightforward. Users are required to submit the required identity details for verification on AdvCash before completing. In order to top up their account at RUB, users simply have to log into their Huobi Global account, navigate to the “Deposit Exchange” option under “Balance” and select RUB from the list of supported deposits.
At this point, users will need to fill out and verify their KYC if they haven’t already. Upon completion you will need to select “AdvCash Balance” as your payment method followed by the amount you wish to deposit. After selecting “Pay”, the user is redirected to the AdvCash platform, where they can create an account / login and complete the payment process using one of the options provided by AdvCash Wallet.
After successful completion of the payment, the platform redirects the user back to the “Deposit” page, from where he can conduct his business as usual. All transactions that are made to and from the user account on the platform are recorded and made easily accessible to the respective account holder.
By using RUB during the promotional period, users can save 0.99% and 2.49% on deposit and withdrawal fees, respectively.
With the addition of the ruble, Huobi Global is expected to expand support for other fiat currencies in the near future.
Image by Sergey Korchanov from Pixabay