Huobi (Huobi Global) Vs Binance: Fees, Coins, Safety Comparison
Cryptocurrency exchanges Huobi (Huobi Global) and Binance are much alike, offering a similar list of services. However, there are still considerable differences, which could be important for many potential clients, as the effectiveness of investing depends on them. Traders Union experts compared Huobi and Binance using 11 key criteria, such as security and regulation, commissions and fees, supported coins, etc.
Study these criteria to make your choice in favor of one of the exchanges. In the beginning of the article, you can review the general rating, and learn a detailed comparison of a dozen of specific criteria in the tables below.
Start trading crypto right now with Binance!Binance vs. Huobi Global: Overall Rating
Binance is slightly ahead of Huobi in the overall rating, mostly thanks to lower fees and also a larger number of educational and analytical information. Also the trading platform of Binance got a higher score. At the same time, Huobi supports a larger number of coins, offers more passive income options and up to a $150 welcome bonus.
| Feature | Huobi | Binance |
|---|---|---|
Overall | 4.5 | 4.7 |
Regulation | 3.1 | 3.1 |
Fees | 4.2 | 5 |
Trading Assets | 5 | 4.8 |
Investment Instruments | 5 | 4.7 |
Platforms and Charting Tools | 4.7 | 4.9 |
Deposit and Withdrawal | 4.7 | 4.7 |
Research | 4.3 | 4.6 |
Education | 4.5 | 4.8 |
Support | 4.6 | 4.8 |
Promo | 5 | 4.2 |
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 | Binance | |
|---|---|---|
Overall Pros | Trading With Leverage up to 1:100 | Trading With Leverage up to 1:100 |
Derivatives, NFT Available | Derivatives, NFT, Available | |
Passive Income With Staking, Mining Pool, Crypto earn program, Crypto loans | 20+ Account Fiat Currencies + 50+ Crypto | |
Crypto bonuses up to $170 | Debit/Credit Card Withdrawal Fee – 0% | |
500+ supported coins | Passive Income With Staking and Mining Pool | |
Strong Research | Strong Research | |
Free p2p transactions | Strong Education | |
Overall Cons | Not fully regulated | Not fully regulated |
Limited access in the US | Limited access in the US |
Huobi Vs Binance : Regulation
Binance and Huobi are not regulated in the US; special subdivisions Binance US and HBUS were established for working with the US clients respectively. Due to the restrictions on the operation of cryptocurrency exchanges in China, both platforms are registered in the loyal territories. You can see the list of limitations in the operation in other countries on the respective websites of the exchanges.
Both exchanges comply with the requirements of the international anti-money laundering organizations, which is why both exchanges apply KYC/AML rules. To avoid issues with the regulators, the exchanges work with many governments to share data on suspicious activity of the clients.
| Regulated By: | Huobi Global | Binance |
|---|---|---|
SEC | No | No |
FINRA | No | No |
SIPC Protection | No | No |
Other Regulators | No | No |
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.
| Trading Conditions | Huobi Global | Binance |
|---|---|---|
Minimum Deposit | $100 | $10 |
Trading Platforms | Huobi | Binance |
Max Leverage (Futures) | 1:100 | 1:100 |
Supported Coins | 500+ | 400+ |
Number of Markets | 1,087 | 1,358 |
Number of Trading Accounts | 1 | 1 |
Base Account Currencies | 20 fiat currencies + cryptocurrencies | USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
Huobi Global Vs Binance: Trading Assets
The full list of largest cryptocurrencies by capitalization is available on Huobi and Binance. If you want to trade some rare or new cryptocurrencies, you need to enquire about their support on the chosen exchange. Overall, Huobi offers a slightly wider choice of cryptocurrencies with small capitalization.
| Asset Name | Huobi Global | Binance |
|---|---|---|
Overall | 500+ supported coins | 400+ supported coins |
Yes | Yes | |
Yes | Yes | |
Yes | Yes | |
Yes | Yes | |
Yes | Yes | |
Yes | Yes | |
Yes | Yes | |
Yes | Yes | |
Yes | Yes | |
Yes | Yes | |
Yes | Yes | |
Derivatives | Yes | Yes |
Yes | Yes | |
Yes | Yes | |
Yes | Yes |
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
| Fee | Huobi Global | Binance |
|---|---|---|
Max Maker | 0.2% | 0.1% |
Max Taker | 0.2% | 0.1% |
Min Maker | 0.0125% | 0.012% |
Min Taker | 0.07% | 0.024% |
P2P transactions | 0% | 0-0.35% |
Debit/Credit Card Purchase Fee | 0% | 1% |
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%).
| Fee | Huobi Global | Binance |
|---|---|---|
Max Maker | 0.02% | 0.02% |
Max Taker | 0.05% | 0.04% |
Min Maker | -0.005% | 0% |
Min Taker | 0.02% | 0% |
Non-Trading Fees
| Huobi Global | Binance | |
|---|---|---|
Account Fee | 0% | 0% |
Deposit Fee | 0-1% | 0-2% |
Bank Transfer Withdrawal Fee | 0.1% | 0.012% |
Debit/Credit Card | 0-3% | 0-3.5% |
Withdrawal Fee | ||
BTC Withdrawal Fee | 0.0001 | 0.0001 |
Inactivity Fee | 0% | 0% |
Binance or Huobi: Passive Income Tools
By the number of passive income tools, Huobi is ahead of Binance. Staking and investing in mining pools are the main passive income options on both cryptocurrency platforms. However, Huobi also offers a credit program and Huobi Earn for earning up to 50% annual from cryptocurrency deposits.
| Investment Tools | Huobi Global | Binance |
|---|---|---|
Staking | Yes | Yes |
Mining Pool | Yes | Yes |
Managed Accounts | No | No |
MAM/PAMM | No | No |
Other | Huobi earn program, Crypto loans | No |
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.
| Huobi Global | Binance | |
|---|---|---|
Web | Yes | Yes |
Desktop | No | Yes |
Mobile (Android, iOS) | Yes | Yes |
Trading Platforms Features
| Huobi Global | Binance | |
|---|---|---|
SMS Based 2 FA | Yes | Yes |
App Based 2 FA | Yes | Yes |
Voice Call 2 FA | No | No |
Search Bar | Yes | Yes |
Filters | Yes | Yes |
Technical Analysis/Charting Tools
| Huobi Global | Binance | |
|---|---|---|
Indicators | Yes | Yes |
Drawing Tools | Yes | Yes |
Historical Trades | Yes | Yes |
Level 2 Quotes | Yes | Yes |
Mobile Trading
| Features | Huobi Global | Binance |
|---|---|---|
iOS Version | Yes | Yes |
Android Version | Yes | Yes |
Apple Watch App | No | No |
Touch ID | No | No |
Face ID | No | No |
Types of Orders
| Huobi Global | Binance | |
|---|---|---|
Market | Yes | Yes |
Limit | Yes | Yes |
Stop Loss | Yes | Yes |
Stop Limit | Yes | Yes |
Trailing Stop | No | Yes |
Huobi vs Binance: Deposit and Withdrawal
Both exchanges support all basic methods of deposit and withdrawal of cryptocurrencies and they are both equally convenient in terms of this. Huobi Global and Binance support deposit and withdrawal in fiat, bank transfers, deposit and withdrawal with a debit/credit card and electronic payment systems.
| Deposit Method | Huobi Global | Binance |
|---|---|---|
Bank Transfer | Yes | Yes |
Credit/Debit Card | Yes | Yes |
Electronic Wallets | Yes | Yes |
Crypto | Yes | Yes |
| Withdrawal Method | Huobi Global | Binance |
|---|---|---|
Bank Transfer | Yes | Yes |
Credit/Debit Card | Yes | Yes |
Electronic Wallets | Yes | Yes |
Crypto | Yes | Yes |
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.
| Research Type | Huobi Global | Binance |
|---|---|---|
News Feed | Yes | Yes |
Fundamental Data | Yes | Yes |
Chart Analysis | No | Yes |
Trading Ideas | No | No |
E-Mail Reports | No | Yes |
Huobi Vs Binance: Education
Huobi Global and Binance pay a lot of attention to educational programs. The exchanges offer various guides and articles about the blockchain and cryptocurrency market on their websites, while YouTube channels feature a large number of educational videos. Also, the exchanges periodically hold webinars in different languages.
| Education Type | Huobi Global | Binance |
|---|---|---|
Demo-account/Paper Trading | No | No |
Courses | Yes | Yes |
Articles | Yes | Yes |
Videos | Yes | Yes |
Webinars | Yes | Yes |
Books | No | No |
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.
| Support Features | Huobi Global | Binance |
|---|---|---|
Working Days | 24/7 | 24/7 |
Yes | Yes | |
Phone | No | Yes |
Online chat | Yes | Yes |
Tickets | Yes | Yes |
Other | No | Telegram |
Huobi vs Binance: Promo
Best Crypto Sign-Up Bonus Offers and PromotionsBoth exchanges have excellent cryptocurrency welcome bonuses, which will allow you to receive a reward for registration and active actions on the platforms. On Binance you can get up to a $100 bonus, and on Huobi – up to $170. Also, traders and owners of popular websites and blogs can earn from partnership programs up to 40% of the referral’s commission.
| Promo | Huobi Global | Binance |
|---|---|---|
Crypto Bonus | Crypto Bonuses up to $170 | Sign-up Bonus up to $100 |
Affiliate Program | 40% of the partner's trading commissions | 40% of the partner's trading commissions |
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 Binance
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Comment
Prefer using Binance because of their low fees. They are the catalyst of low trading costs at a time users are sick of getting burned by high trading fees on platforms like Coinbase. I remember clearly that upon its entry in the market, these platforms all raced to lower their fees because of knowing they will clearly lose market share to this newcomer. Binance has had a 0.1% spot trading fee since the beginning. Because it’s low I never bothered to check if they charge the exact amount in all of my trades, in small or big amounts. I just know that they always offer the best prices for the assets that I trade (I only trade in the spot market) and have an extensive list of tradable tokens. Cheap + flexible… the best one in the crypto market yet.
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Comment
I like Binance’s trading terminal. It is modern, sleek, and shows relevant information you need for your trades spot on. At the same time, it is not intimidating to navigate around which is a common problem for crypto platforms that prioritize a modem vibe in their UI. It instantly shows the summary of my crypto portfolio, the distribution between assets and the amount, and has the daily PnL (profit and loss) record for the day. This way it is so easy to track which assets performed well in the last 24 hours and which ones lagged behind. I like to hold only a handful of assets for easy traceability of my wins. But even when I add a couple more, it is still uncomplicated to make sense of my stats. Love that crypto is now in a rollercoaster that only goes up and seeing all those greens in my portfolio gives me a great sense of motivation.
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Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
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Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
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Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
Top 5 Reviews on Huobi
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Comment
I joined HTX because the platform positions itself as a global crypto ecosystem, has been operating since 2013, and maintains a strong presence in the market. I traded BTC, ETH, and several DeFi tokens; my balance fluctuated moderately, but the overall experience was solid and usable. Security seems reliable: there is two-factor authentication and clear account protection recommendations, which is important when trading crypto.
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Huobi Global (now HTX) is the exchange I use when I just want access to a lot of coins without overcomplicating it. Huobi lists around 701 coins, and the minimum deposit is so low that I can run a small test first before committing real size. Fees on spot and futures are also pretty straightforward, which makes it easier to track actual costs instead of guessing. But you don’t get a demo account, there’s no TradingView integration, and US users can’t use it.
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Comment
I allocated part of my trading to HTX because it supports both spot and futures trading, which provides flexibility in strategies. I started with BTC and ETH, then added XRP and ADA for diversification. The results were moderate: at times the balance grew, then fell due to volatility. It’s important to understand the risks of the crypto market, but the technical side works reliably, and orders are executed consistently.
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I used HTX for trading low-cap altcoins and for long-term holding. I started with ADA and DOT, considering their growth potential. Over a few weeks, the balance moved slowly, with some small gains and losses, but the platform worked flawlessly when opening and closing trades. I liked that you can quickly switch between assets and manage your portfolio in a single window. The support team is polite, though not always very fast to respond.
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Comment
I learned about HTX through a YouTube review of market leaders and decided to try spot cryptocurrency trading. I deposited a small amount and trade BTC/USD and ETH/USD via the mobile app. The interface is convenient, and orders are executed without freezes, which is especially important during active price movements. Over a couple of weeks, I managed to achieve a small profit, though there were also inevitable drawdowns—that’s part of the crypto market. Despite the lack of in-depth analytics built in, the platform is stable and easy to use.
FAQs
In which countries do these cryptocurrency exchanges work?
You can check the list of supported countries on the official websites. These exchanges work in the majority of countries. Binance and Huobi have separate subdivisions for operation in the US.
Which exchange offers better bonuses?
Bonus on Huobi can reach $170, however that is subject to a number of conditions – fund the account, make a deposit, execute first trades, etc.
Does absence of regulation on Binance and Huobi mean that it is a scam?
The risk is not zero, but it is not significant. Both exchanges have proven themselves as secure platforms. Absence of regulation is mainly due to the insufficient legal base in the majority of countries. Both platforms are working to obtain licenses from the official authorities.
Which exchange should I choose for P2P transactions?
Both exchanges have developed platforms for such transactions. This kind of trading is performed on Huobi and Binance without commissions charged by the exchanges. However they could be charged with time. Find out the fee at the time of performance of the transaction.
Glossary for novice traders
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1
Paper trading
Paper trading, also known as virtual trading or simulated trading, is a practice where individuals or traders simulate real-life trading scenarios without using real money. Instead of placing actual trades with real capital, participants use a simulated trading platform or keep track of their trades on paper or electronically to record their buying and selling decisions.
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2
Cryptocurrency
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
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3
Investor
An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.
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4
Bitcoin
Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.
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5
Extra
Xetra is a German Stock Exchange trading system that the Frankfurt Stock Exchange operates. Deutsche Börse is the parent company of the Frankfurt Stock Exchange.
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Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses that want to improve their Google search rankings to compete with their competition. With expertise in search engine optimization (SEO) and content marketing, he ensures his work is both informative and impactful.
A professional English-Spanish translator, writer, proofreader, transcriber. Jose Antonio Gastelum offers his services for website content, blogs, research papers, documents, books and manuals about technology, finance, investment, tourism and insurance. In addition, he has some experience in web and app development, content marketing and SEO optimization.
In addition to his analytical work, Jose Antonio actively contributes to the Traders Union news section. He has written extensively on cryptocurrency developments, Forex market movements, and trends in global stock exchanges, offering readers clear, well-structured updates grounded in real-time data.
His news coverage focuses on market transparency and accessibility, aiming to help both novice and experienced traders make better-informed decisions. Through his expertise, Jose bridges complex financial topics with everyday insights.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
