# Huobi BTC (HBTC)
Huobi BTC, or HBTC, is a cryptocurrency token issued by the Huobi exchange platform. It is built on the Ethereum blockchain and follows an ERC-20 standard. The purpose of HBTC is to provide users with access to a stable and secure digital asset that can be used for trading on the Huobi exchange. Unlike other cryptocurrencies, which are subject to high volatility, HBTC is designed to maintain its value more closely against Bitcoin and other major coins in order to facilitate trading on the exchange.
Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which require mining in order to create new tokens or verify transactions, there is no mining required for HBTC as it runs off of pre-mined tokens from the start. This makes it easier for traders who want quick access without having to wait for confirmations from miners before executing trades on their accounts. Additionally, since all transactions related to HBTC take place within the centralized platform provided by Huobi itself—rather than relying mostly on decentralized networks such as those used by popular cryptocurrencies like Bitcoin—it provides a much higher level of security compared with other currencies that rely heavily upon public blockchains alone.
The only way one can acquire HBTC tokens currently is through buying them directly from Huobi’s native wallet service called “Fiat Gateway” where users can buy various crypto assets using fiat currency (USD). Additionally one can purchase these tokens via supported exchanges such as Binance and OKEx where they are listed paired against various major cryptos such as BTC/USDT/ETH etc.. Then once purchased these assets may be transferred into any compatible wallet providing support for ERC-20 based Tokens like MyEtherWallet , MetaMask etc..
Overall Huobi BTC offers many advantages over traditional cryptocurrencies like reduced risk due lowered volatility along with added convenience offered by trading within its own ecosystem making it an attractive option for both long term investors looking for low risk income generating opportunities along with short term traders seeking liquidity & arbitrage opportunities across different platforms
