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

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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.

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Binance vs. Huobi Global: Overall Ranking

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

Huobi Review

Binance Review

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Open an Account

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

Is Huobi Global Safe? An Honest Review Is Binance Safe? Key facts to consider

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

BTC (Bitcoin)

Yes

Yes

LTC (Litecoin)

Yes

Yes

Dogecoin (DOGE)

Yes

Yes

Binance Coin (BNB)

Yes

Yes

Uniswap (UNI)

Yes

Yes

XRP (Ripple)

Yes

Yes

Polkadot (DOT)

Yes

Yes

Cardano (ADA)

Yes

Yes

Stellar (XLM)

Yes

Yes

IOTA (MIOTA)

Yes

Yes

Tron (TRX)

Yes

Yes

Derivatives

Yes

Yes

Futures

Yes

Yes

NFT

Yes

Yes

ETF

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

E-mail

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 Promotions

Both 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

  • Binance

    TRISHAN

    16.02.2024

    Comment

    My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.

  • Binance

    Awdifova

    12.10.2023

    Comment

    Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.

  • Binance

    lottievz2

    20.03.2022

    Comment

    I chose Binance for a reason. I have long been interested in P2P trading, and Binance, as far as I know, is one of the few exchanges where this way of earning is available. I myself, of course, also trade, but I get the main income precisely through P2P. And it cannot be said that I would recommend Binance for trading. The company is not bad, but there are nuances: my terminal hung up a couple of times, well, I spent time going through verification, be healthy. But the commissions are low, and the deposit requirements are minimal, so there are plenty of traders here, especially beginners. What sets Binance apart from most exchanges is that a cold wallet is available, but given how often exchange accounts get hacked… I would think so.

  • Binance

    aishwara

    03.05.2021

    Comment

    I can recommend Binance because I have been trading crypto on this platform since 2017. Frankly speaking, it was initially difficult for me. But for veteran traders, Binance will be generally interesting. There is a grid of remuneration for makers/takers, which allows you to earn extra money. The higher the trading activity, the more bonuses you’ll get from the exchange.

  • Binance

    bagyi2002

    01.05.2021

    Comment

    I have a lot of trust in the Binance crypto exchange. For a year and a half of cooperation with it, there were no problems either with trading coins or withdrawing profits. Although the company operates in the absence of regulation, it tries to honestly fulfill all agreements. I heard on the grapevine that there are difficulties with withdrawing funds and trading limits, but that is only for unverified users. Guys, just go through this verification procedure and you will be happy. Binance must take be very conservative about its conditions on verification because of the requirements of international law and anti-money laundering policies.

Top 5 Reviews on Huobi

  • 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.

  • Huobi Global

    JANILKUMAR

    11.02.2024

    Comment

    My impression of Huobi is quite ok. There are good charts. At first it was not quite usual to trade here, as there are still some peculiarities, but now everything is fine.

  • Huobi Global

    mrchoclate1991

    19.01.2024

    Comment

    I saw a lot of good reviews about Huobi Global and decided to try it about 2 months ago. Opening an account is easy, there were no problems with the deposit either. I trade modestly. To be honest, support leaves much to be desired. I want to try to open an account somewhere else, for comparison. Well, in general, orders are executed quickly, the platform works without problems, and money can be withdrawn normally.

  • Huobi Global

    mdhossainmolla

    07.12.2023

    Comment

    Huobi is a good crypto exchange with a wide choice of cryptocurrencies and an easy registration and account verification process. However, as with any other crypto exchange, caution and safety measures must always be taken when trading cryptocurrencies. But I did not notice any manipulation on the part of this exchange.

  • Huobi Global

    Georgefoolo

    25.10.2023

    Comment

    huobi global quickly processes withdraws. Funds are credited instantly as soon as the request is submitted. This is of course a plus for the company. But there are plenty of downsides, I won’t lie. Sometimes, the platform is slow, and support cannot be reached....

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.

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Alamin Morshed
Contributor

Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.

Over the past four years, Alamin has been working independently and through online employment platforms such as Upwork and Fiverr, and also contributing to some reputable blogs. His goal is to balance informative content and provide an entertaining read to his readers.

His motto is: I can dream or I can do—I choose action.

Jose Antonio Gastelum
Jose Antonio Gastelum
Developmental Spanish Editor

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.

His motto is: Hard work produces luck and success.

Mirjan Hipolito
Cryptocurrency and stock expert

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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.