Huobi (Huobi Global) Vs Binance: Fees, Coins, Safety Comparison

Binance vs. Huobi: A Brief Introduction

Binance is the largest cryptocurrency exchange by trading volume, which has been in the market since 2017. The exchange is distinguished by an excellent choice of cryptocurrency assets for investing, low commissions and fees, developed P2P platform and a launchpad for new cryptocurrency projects. The weaknesses of Binance include absence of regulation in one of the major countries. All features and the full range of instruments are not available in the US and some other countries. There is a separate legal entity Binance US for the US operations.

Huobi Global was established in 2013 and currently has offices in Hong Kong, South Korea, Japan and the US. However, the exchange is registered in the Seychelles, an offshore jurisdiction. The exchange offers access to over 500 cryptocurrencies as well as cryptocurrency futures and NFT; has an excellent choice of passive income tools.

As in the case of Binance, not all services and assets are available in the US and the UK. HBUS, a partner exchange with a limited list of services, was established for the operations in the US.

Binance and Huobi Pros and Cons

Huobi Global vs Binance: Trading Conditions

Huobi is distinguished by a large choice of supported coins. Both exchanges allow withdrawal in 20+ fiat currencies and also major cryptocurrencies. On Huobi Global, the minimum deposit is somewhat higher - $100 against $10 on Binance.

Binance fees vs Huobi Global Fees

Binance commissions and fees are lower on average and Huobi fees. The difference is particularly evident at the base level of the fees in the spot market – 0.1% on Binance against 0.2% on Huobi. At the same time, both exchanges provide substantial discounts for the investors of their native tokens. The discount reaches 25% on Binance for holders of Binance Coin (BNB); the discount on Huobi is from 10% to 65% and is linked to the volume of Huobi Token (HT)

Withdrawal fees on Binance and Huobi are intended to cover the fees of the payment systems and depend on the chosen currency and withdrawal channel. The advantage of Huobi is P2P transactions without fees.

Spot Trading Fees

Futures Trading Fees

Base fees for trading in the futures market are slightly lower on Binance; however Huobi offers very good discounts for large traders (Maker – up to – 0.05%).

Non-Trading Fees

Best Trading Platform: Binance or Huobi

Both exchanges offer excellent apps that are intuitive and easy to use for beginners. Web versions are primarily designed for professionals. Binance also has a desktop version. The features of the apps are largely identical and suitable for a wide category of traders. For example, both exchanges offer basic security features, such as two-factor authentication, convenient filters for selection of cryptocurrencies by statistical indicators. For traders on the web platforms, the indicators and instruments for graphic analysis of the charts are available.

Trading Platforms Features

Technical Analysis/Charting Tools

Mobile Trading

Types of Orders

Huobi vs Binance: Research

Binance cryptocurrency exchange is more focused on analytical information and research in its operation. The exchange regularly conducts research of the cryptocurrency market, providing the results on its website and in the newsletters. However, Huobi is also actively developing this area.

Binance vs Huobi: Support

Customer support of Huobi and Binance works perfectly, as many channels of communication are offered and major world languages are supported. The main communication channels include live chat and email. According to our observations, the responses come earlier on Huobi (English) in general.

Binance or Huobi: What Exchange is Actually Better in 2024?

Comparison of Binance and Huobi Global 2023 shows a slight leadership of Binance. The key criterion that allows this exchange to lead is much lower fees in the spot market. Also, the exchange is ahead in terms of education and analytics.

Huobi Global is suitable for the clients seeking new coins with a small capitalization, as their choice is better on this platform. It is also an excellent choice for passive investors, who can earn a profit of up to 50% annually with the Huobi Earn program and other programs of the exchange.

Huobi Vs Binance : Which Exchange Is Better For Newbies?

Both exchanges are a great choice for novice traders, although Binance has a slight advantage. The fees on this exchange are lower, the minimum deposit is lower and there are a bit more educational materials for beginners.

What Exchange Is Better For Day Trading?

Binance currently leads in day trading, as the fees play the decisive role in active trading style. On average, the fees on Binance in the spot market are much lower, while in the futures market the advantage in favor of Binance is not so significant. Also, Binance has higher liquidity on average, which allows you to trade a large number of coins without slippage.

Huobi Vs Binance : Which Exchange is Actually Cheaper?

Binance is a clear leader, as the fees in the spot market range from 0.1% to 0%, while the base fee on Huobi is 0.2%. Both exchanges provide substantial discounts for the holders of native tokens – 25% on Binance and 10-65% on Huobi Global. However, even with the discounts, the fees on Huobi are somewhat higher.

Supported Assets and Investing Programs

Both exchanges support spot trading, futures, and NFT. However, the choice of supported coins is bigger on Huobi, with more coins with small capitalization available. Also, Huobi offers more opportunities for earning passive income from cryptocurrency.

Top 5 Reviews on Huobi

• 
  Huobi Global

  j.mammadov89@gmail.com

  15.05.2024

  Comment

  HuobiGlobal provides traders with a detailed trading platform that integrates popular trading indicators and candles. I can easily use the platform's original chart or the TradeView or depth to ascertain different market trends within a minute, helping me make good market movement. Again, trades can be opened with 0.01 lots. A micro lot of 0.01 lot size allows for a potentially profitable but relatively small investment. It is the recommended lot size for beginner traders getting started on the HuobiGlobal platform. A trader will profit $1 (10 cents per pip) for every ten points gained if they initiate a 0.01 lot position in the EURUSD currency pair. So for EURUSD, ten pips for 0.01 lot size profit are $1.

• 
  Huobi Global

  ik02161@gmail.com

  29.04.2024

  Comment

  HuobiGlobal media authenticator helps limits the rate at which scammers use social media channels they claim is affiliated with them to scam. I was a victim of social media scam and it was telegram the people claim is connected to the broker I was using to trade crypto then used, I have to stop trading after I got scammed. I registered with HuobiGlobal and with the HTX official media authenticator, i can identify social media channels truly affiliated with HTX. It is important for traders to watchout for scammers using some crypto exchanges to hide thier thier identity. With the HuobiGlobal media authenticator, ensure you verify each social media channels that tells you they are affiliated with HTX before you subscribe.

• 
  Huobi Global

  botafogorio

  09.04.2024

  Comment

  What I liked about Huobi is that here you won’t be left alone with the market. They will always help if needed. They help those who are just starting and don’t currently have a strategy. It is important to note that trading and conditions here are suitable for everyone. Both novice and experienced traders feel comfortable here.

• 
  Huobi Global

  som.hasanov@gmail.com

  05.04.2024

  Comment

  HuobiGlobal trading platform includes a trading bot that you to trade with quant strategies. You can configure this bot to trade with strategies like mean reversion which focuses on the reverting of the price of stocks and financial instruments to their average value. This bots monitors the market, identify the best trade format, and executes the trade using the parameter set by the trader. The HTX grid trading bot an excellent tool for financial derivatives that to buys gradually when the market goes down, and sells automatically when the market starts to recover. The best way to maximize investors' profits in a volatile market is to buy coins during periods of declining value and earn USDT during periods of strong market conditions! Because major tokens are highly liquid and guarantee capital preservation and appreciation, the Grid Trading Bot is especially useful when trading them.HTX provides a grid trading user guide to help traders get started with the platform bots.

• 
  Huobi Global

  peliciapatrick1@gmail.com

  25.03.2024

  Comment

  HuobiGlobal customer service was helpful and patient with me during my account verification. Verification on HuobiGlobal took me time and to pass pass level 4 which is the address verification and it was approved after 2 days which I think was a long time to verify an account. But the account still hadn't verified the message from the customer care is account did not match with profile this was because the naming differences in profile and id. It then I realized that the name and country different. The issue was resolved with the help of the customer agent. So, I went through this long process because name and country was not same as seen on the passport.