Huobi, the worldwide pioneer in crypto exchanges, has declared support for the Russian Ruble (RUB) to allow users to deposit and withdraw the new fiat currency on their website. In collaboration with the new feature, it also helps users buy common cryptocurrencies such as BTC, ETH, LTC, USDT, EOS, BCH, ETC, BSV, and DASH HT, and HPT with the ruble. It operates in collaboration with AdvCash, a leading provider of fiat and crypto payment solutions.
Welcoming the latest addition, through AdvCash wallet, Huobi Global is now providing RUB deposits and crypto transactions using the fiat as mentioned above currency. However, for RUB, the minimum deposit and withdrawal limit is 200 RUB, while the maximum is 100,0000 RUB.
The entire process of conducting RUB transactions via AdvCash on Huobi is very easy and straightforward, requiring users to request identity information needed before completion for verification on AdvCash. Users will have to log into their Huobi Global account to fund their account with RUB, navigate to the ‘Deposit-Exchange’ alternative under ‘Balances’ and pick RUB from the list of approved currencies to deposit.
At this point, if it is not already completed, users will have to complete and validate their KYC, and after completion, they will have to choose “AdvCash Balance” as the payment option followed by the sum they want to deposit. The user will be routed to the AdvCash website after clicking “Pay,” where they can build an account/login and complete the payment process using either AdvCash wallet choices.
The site will guide the customer back to the “Deposit” tab after the payment has been successfully made, from which they will continue to perform business as usual. Both transfers made on the network into and from the user’s account are registered and made readily available to the corresponding account holder.
During the incentive period, the use of RUB helps consumers save 0.99 percent and 2.49 percent, respectively, on deposit and withdrawal fees.
Huobi Global is projected to expand funding to other fiat currencies in the foreseeable future after the ruble’s inclusion.