HBTC (ERC-20) is a token pegged to BTC, issued by Huobi on Ethereum.
How does Huobi BTC (HBTC) Work?
The HBTC project supports multiple user agents to provide exchange services for users. Users can exchange in and out assets at the corresponding user agent based on their preferences. User agents that comply with relevant laws and regulations can apply for obtaining independent Bitcoin addresses and Ethereum addresses in the HBTC project for the acquisition and redemption of HBTC.
Correspondingly, the user agent also needs to provide a Bitcoin address and an Ethereum address to receive Bitcoin assets and HBTC assets. When the user agent needs to obtain HBTC, he/she only needs to transfer to the Bitcoin address of HBTC. The HBTC depository system will immediately discover the Bitcoin transfer and automatically construct the same number of HBTC to the corresponding HBTC address.
What is Huobi BTC (HBTC)？
HBTC is a Bitcoin token on the Ethereum blockchain launched by Huobi. By adding Bitcoin assets with the largest proportion and the highest liquidity into the decentralized financial market, HBTC increases the asset limit of the decentralized market and promotes the prosperity of the entire decentralized market.
HBTC strictly abides by the 1:1 guaranteed assets, that is, every time one HBTC is issued, the address where the assets are located will be guaranteed by 1BTC, so as to ensure that users can use HBTC and BTC for 1:1 exchange at any time.
Huobi BTC (HBTC) Crypto Wallet
In addition to placing HBTC in the Gate.io exchange to facilitate trading, HBTC can also be placed in a crypto wallet.
Huobi wallet is a professional multi coin wallet, which was officially launched on September 14, 2018. It supports the storage, transfer and exchange of BTC, ETH, USDT, LTC and other mainstream tokens and all ERC-20 coins.
Three highlights of Huobi Wallet:
Rich currencies and easy exchange: support cross-chain exchange, so that the value can be transferred better and faster.
Professional and convenient, safe and secure: with security isolation, data encryption and other security patents.
You can manage the private key independently, and the asset is fully mastered by yourselves.
Simple and smooth, perfect design: allows you to easily manage multiple groups of addresses, and one key exchange is simple and practical.