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Huobi to Assist RUB Deposits and Withdrawals

By CIOReview | Wednesday, January 20, 2021

Huobi announces support for the Russian ruble (RUB), enabling users to deposit and withdraw the new fiat currency on their platform.

FREMONT, CA: The global crypto exchange leader, Huobi, announces support for the Russian ruble (RUB), enabling users to deposit and withdraw the new fiat currency on their platform. The new feature is launched in collaboration with also allows users to purchase popular cryptocurrencies like BTC, ETH, LTC, USDT, EOS, BCH, ETC, BSV, DASH, HT, and HPT with the ruble, and works in partnership with AdvCash, a pioneering fiat and crypto payment services provider.

Presenting the new addition, Huobi Global is also providing RUB deposits and crypto purchases using the said fiat currency through AdvCash wallet. However, the minimum deposit and withdrawal boundaries for RUB are 200 RUB, while the maximum stands at 100,000 RUB and 50,000 RUB, respectively. The whole process of running RUB transactions on Huobi through AdvCash is quite simple and straightforward, needing users to submit vital identity details for verification on AdvCash before completion. To fund their account with RUB, users have to log into their Huobi Global account, a guide to Deposit-Exchange option under Balances, and choose RUB from the list of currencies to deposit.

At this stage, users will have to complete and verify their KYC if it wasn’t done, and upon completion, they will have to opt AdvCash Balance as a payment method followed by the amount they wish to deposit. After choosing Pay, the user will be redirected to the AdvCash platform, where they can generate an account/login and complete the payment process using any of AdvCash wallet options.

After successfully completing the payment, the platform will redirect the user back to the Deposit page, from where they can go ahead running the business as usual. All transactions made into and from the user’s account on the platform are recorded and made seamlessly accessible to the respective account holder. Using RUB during the promotion period enables users to save 0.99 percent and 2.49 percent on deposit and withdrawal fees, respectively.