The global leader in crypto exchange, Huobi 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 has been introduced in partnership with and allows users to buy popular cryptocurrencies such as BTC, ETH, LTC, USDT, EOS, BCH, ETC, BSV, DASH, HT and HPT with rubles, and works in partnership with AdvCash – a leading fiat and provider of crypto payment solutions.
Huobi Global welcomes the new addition and also offers RUB deposits and crypto purchases using the said fiat currency through the AdvCash wallet. However, the minimum deposit and withdrawal limits for RUB are 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, requiring users to submit the necessary identity information for verification on AdvCash before completion. To fund their account with RUB, users need to log in to their Huobi Global account, go to the “Deposit Exchange” option under “Balances” and select RUB from the list of supported currencies to deposit.
At this stage, users will be required to enter and verify their KYC in case it hasn’t already been done, and upon completion they will need to select “AdvCash Balance” as the payment method followed by the amount they wish to deposit. After selecting “Pay” the user will be redirected to the AdvCash platform where they can create an account / login and complete the payment process using one of the options offered by the AdvCash wallet.
Upon successful completion of the payment, the platform will redirect the user back to the “Deposit” page, from where they can continue with their normal business. All transactions to and from the user account on the platform are recorded and made easily accessible to the respective account holder.
Using RUB during the promotional period allows users to save 0.99% and 2.49% respectively on deposit and withdrawal fees.
Following the inclusion of the ruble, Huobi Global is expected to expand support for other fiat currencies in the near future.
Image by Сергей Корчанов from Pixabay