Bithumb vs Huobi: Fees, Coins, Safety Comparison
| Feature | Bithumb | Huobi |
|---|---|---|
Overall |
4.0 |
4.5 |
4.0 |
3.1 |
|
3.9 |
4.2 |
|
4.2 |
5.0 |
|
Investment Instruments |
4.3 |
5.0 |
Platforms and Charting Tools |
4.2 |
4.7 |
Deposit and Withdrawal |
3.8 |
4.7 |
Research |
3.9 |
4.3 |
Education |
3.8 |
4.5 |
Support |
4.0 |
4.6 |
Bonuses |
4.1 |
5.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
Bithumb vs Huobi: Pros and Cons
Bithumb is a cryptocurrency exchange and trading platform. Only the Korean won is represented among the broker’s fiat currencies. In addition to making money on the crypto exchange, users can receive passive income using deposit programs. There is also the possibility of automatic trading through a custom bot. Major cryptocurrencies are traded on the exchange, including Bitcoin, Ethereum, Ripple, EOS, DASH, Zcash, Monero, etc. Deposits and withdrawals of funds are possible through credit cards and crypto-wallets. The personal data protection system is assessed as progressive and there is an extended AML verification. The platform has its proprietary trading terminal, which has two versions — web and mobile (in Android and iOS). Only a cold storage (not connected to the internet) method for holding cryptocurrencies is presented.
Huobi Global (pronounced “haw-be”; with “huo” meaning “hot” or “popular” and “bi” meaning “coin” or “currency” = “popular currency”) is a global cryptocurrency exchange that was founded in China but is headquartered in Seychelles. The work of the international company Huobi Global started in 2013. The cryptocurrency exchange allows traders to carry out transactions with a variety of assets, including about 300 currency pairs and cross rates. There is no information on whether this company is licensed and the exchange hasn’t received any awards during its brief activity. More about the safety of cooperation with Huobi.
| Bithumb | Huobi | |
|---|---|---|
| Overall Pros | all major cryptocurrencies are at your disposal; | Trading With Leverage up to 1:100 |
| fees are below average for the segment; | Derivatives, NFT Available | |
| high trading volumes equal high liquidity; | Passive Income With Staking, Mining Pool, Crypto Earn program, Crypto loans | |
| well-thought-out investment portfolios; | ||
| top-notch support service; | Crypto bonuses up to $170 | |
| the user-friendly interface. | 500+ supported coins | |
| Strong Research | ||
| Overall Cons | only a few dozen cryptocurrencies and tokens are presented; | No tier-1 regulation |
| no fiat funds except the Korean won; | Higher trading fees | |
| no referral program. |
Bithumb vs Huobi: Safety and Regulation
| Regulated By: | Bithumb | Huobi |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Financial Intelligence Unit (FIU) |
No |
Bithumb vs Huobi: Trading Conditions
| Trading Conditions | Bithumb | Huobi |
|---|---|---|
Minimum Deposit |
$1 |
$100 |
Trading Platforms |
Bithumb |
Huobi |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
32+ |
1.087 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, Korean won |
20 fiat currencies + cryptocurrencies |
Bithumb vs Huobi: Fees
Trading Fees
| Fee | Bithumb | Huobi |
|---|---|---|
Max Maker |
0.25% |
0.2% |
Max Taker |
0.25% |
0.2% |
Min Maker |
0.04% |
0.0125% |
Min Taker |
0.04% |
0.07% |
Debit/Credit Card Purchase Fee |
0 |
0 |
Futures Trading fees
| Fee | Bithumb | Huobi |
|---|---|---|
Max Maker |
0.25% |
0.02% |
Max Taker |
0.25% |
0.05% |
Min Maker |
0.04% |
-0.005% |
Min Taker |
0.04% |
0.02% |
Non-Trading Fees
| Fee | Bithumb | Huobi |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
0-1% |
Bank Transfer Withdrawal Fee |
Not supported |
0.001 |
Debit/Credit Card Withdrawal Fee |
Not supported |
0-3% |
BTC Withdrawal Fee |
0.001BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
Bithumb vs Huobi: Trading Assets
| Asset Name | Bithumb | Huobi |
|---|---|---|
Overall |
193+ |
500+ supported coins |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
No |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
No |
Bithumb or Huobi: Investment Programs
| Asset Name | Bithumb | Huobi |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Automatic Trading |
Huobi earn program, Crypto loans, |
Trading Platforms: Huobi or Bithumb
| Bithumb | Huobi | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Huobi or Bithumb
| Bithumb | Huobi | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Huobi or Bithumb
| Bithumb | Huobi | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Huobi or Bithumb
| Bithumb | Huobi | |
|---|---|---|
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 or Bithumb
| Bithumb | Huobi | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
Bithumb vs Huobi: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Bithumb | Huobi |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
Yes (Only Deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Bithumb vs Huobi: Research
| Research Type | Bithumb | Huobi |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Bithumb vs Huobi: Education
| Education Type | Bithumb | Huobi |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Huobi vs Bithumb: Support
| Support Features | Bithumb | Huobi |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
No |
Yes |
Other |
No |
No |
Bithumb vs Huobi: Crypto Bonuses and Promo
| Promo | Bithumb | Huobi |
|---|---|---|
Crypto Bonus |
No |
Crypto Bonuses up to $170 |
Affiliate Program |
30% from refferal's trading commission |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Huobi
-
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.
-
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.
-
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.
-
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.
-
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.
Top 5 Reviews on Bithumb
-
Comment
My experience with Bithumb regrettably fell short of expectations. The fee structure appeared disproportionately high, significantly diminishing potential gains. In light of these cons, I would cautiously advise against entrusting one's assets to Bithumb.
-
Comment
Found a better exchange. Bithumb immediately attracted me, but then I realized that they were weak in terms of conditions. There are better markets. Also, there were problems with the service, then a freeze, then a delay, all this affects the quality of trading, so I decided to find a better company. And found! I wish everyone to find the perfect crypto exchange for their needs.
-
Comment
Whoever has funds on the Bithumb crypto exchange, withdraw them to another exchange and quickly, otherwise there is a risk that your account may be blocked, like me. And most importantly, they blocked it for an incomprehensible and non-specific reason. They say that for security reasons, they promise that after checking the account, they will unblock it. They've been checking for over 3 weeks now! And there, by the way, they have my 550 dollars left!
-
Comment
I tried trading with Bithumb Global purely out of interest, after all, the exchange is more for the Asian market, and I thought that the conditions might be different. I won’t say that there is a difference between Bithumb Global and other exchanges with which I have collaborated, but I have received positive impressions from Bithumb Global. In terms of functionality, everything is familiar, but the conditions on the exchange are very favorable. For example, a fixed commission, liquidity is extremely high when trading basic cryptocurrencies, deposit programs at Bithumb Global are not bad. Of the nuances, I note that there are no fiat currencies here. More precisely, there is, but only the Korean won. And there are not many assets in Bithumb Global, a couple of dozen. I do not recommend the exchange for scalping.
-
Comment
I signed up on Bithumb in 2019 and since then I exchange Bitcoin and Ripple here from time to time. The interface of the trading terminal is so simple that even a beginner can figure it out. I can recommend this crypto exchange to novice traders since there is no minimum deposit and the trading commission is fixed. There are no educational articles or videos on the Bithumb website, so you will have to delve into the nuances of crypto trading with the help of other resources. However, the terms of trade are very favorable.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.