BTC Direct vs Huobi: Fees, Coins, Safety Comparison
| Feature | BTC Direct | Huobi |
|---|---|---|
Overall |
3.2 |
4.5 |
1 |
3.1 |
|
3.7 |
4.2 |
|
3.5 |
5.0 |
|
Investment Instruments |
1 |
5.0 |
Platforms and Charting Tools |
3.8 |
4.7 |
Deposit and Withdrawal |
3.9 |
4.7 |
Research |
4.1 |
4.3 |
Education |
3.5 |
4.5 |
Support |
3.9 |
4.6 |
Bonuses |
3.3 |
5.0 |
|
Your capital is at risk.
|
BTC Direct vs Huobi: Pros and Cons
The BTC Direct (pronounced “Bitcoin Direct”) platform is a cryptocurrency exchange and trading service. It presents the following cryptocurrencies on the platform: Ethereum, Litecoin, Bitcoin Cash, and Ripple. All assets are euro-pegged except those that are US dollar-pegged. It is the same at most crypto exchanges. The company is based in the Netherlands, and the service is fully localized in six European languages. The site offers its users a separate cryptocurrency wallet for each currency. Also, several models of the latest generation hardware wallets can be purchased from BTC Direct. There is a standard affiliate program and the possibility of investing fiat funds in cryptocurrency. Investors have access to exclusive market analysis and a personal consultant.
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.
| BTC Direct | Huobi | |
|---|---|---|
| Overall Pros | simple and convenient trading terminal interface; | Trading With Leverage up to 1:100 |
| Cryptocurrencies are sold and purchased in three clicks; | Derivatives, NFT Available | |
| the minimum deposit is 30 euros; | Passive Income With Staking, Mining Pool, Crypto Earn program, Crypto loans | |
| major cryptocurrencies are traded on the exchange and are euro-pegged; | ||
| low commissions and discounts for big trades; | Crypto bonuses up to $170 | |
| comprehensive knowledge base and guides on cryptocurrencies; | 500+ supported coins | |
| regular masterclasses (including upon request); | Strong Research | |
| the ability to exchange cryptocurrencies for fiat funds. | Free p2p transactions | |
| Overall Cons | No tier-1 regulation | |
| all materials and technical support are in six European languages only; | Higher trading fees | |
| the website doesn’t plan to introduce additional cryptocurrencies; |
BTC Direct vs Huobi: Safety and Regulation
| Regulated By: | BTC Direct | Huobi |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
BTC Direct vs Huobi: Trading Conditions
| Trading Conditions | BTC Direct | Huobi |
|---|---|---|
Minimum Deposit |
30 |
$100 |
Trading Platforms |
BTC Direct |
Huobi |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
9+ |
1.087 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies |
20 fiat currencies + cryptocurrencies |
BTC Direct vs Huobi: Fees
Trading Fees
| Fee | BTC Direct | Huobi |
|---|---|---|
Max Maker |
0.01 |
0.2% |
Max Taker |
0.02 |
0.2% |
Min Maker |
0.01 |
0.0125% |
Min Taker |
0.02 |
0.07% |
Debit/Credit Card Purchase Fee |
0 |
0 |
Futures Trading fees
| Fee | BTC Direct | Huobi |
|---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.05% |
Min Maker |
Not supported |
-0.005% |
Min Taker |
Not supported |
0.02% |
Non-Trading Fees
| Fee | BTC Direct | 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 |
0.0005 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
BTC Direct vs Huobi: Trading Assets
| Asset Name | BTC Direct | Huobi |
|---|---|---|
Overall |
9+ |
500+ supported coins |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
No |
Yes |
Binance Coin (BNB) |
No |
Yes |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
No |
Yes |
Cardano (ADA) |
No |
Yes |
Stellar (XLM) |
No |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
No |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
No |
BTC Direct or Huobi: Investment Programs
| Asset Name | BTC Direct | Huobi |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Huobi earn program, Crypto loans, |
Trading Platforms: Huobi or BTC Direct
| BTC Direct | Huobi | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Huobi or BTC Direct
| BTC Direct | 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 BTC Direct
| BTC Direct | Huobi | |
|---|---|---|
Indicators |
No |
Yes |
Drawing tools |
No |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Huobi or BTC Direct
| BTC Direct | 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 BTC Direct
| BTC Direct | Huobi | |
|---|---|---|
Market |
No |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
BTC Direct vs Huobi: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | BTC Direct | Huobi |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
BTC Direct vs Huobi: Research
| Research Type | BTC Direct | Huobi |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
BTC Direct vs Huobi: Education
| Education Type | BTC Direct | Huobi |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Huobi vs BTC Direct: Support
| Support Features | BTC Direct | Huobi |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
No |
Online chat |
No |
Yes |
Other |
Ticket |
No |
BTC Direct vs Huobi: Crypto Bonuses and Promo
| Promo | BTC Direct | Huobi |
|---|---|---|
Crypto Bonus |
No |
Crypto Bonuses up to $170 |
Affiliate Program |
You will get 0.5% of the trade amount from all trades of your referrals. The referral status is unlimited. |
40% of the partner's trading commissions |
|
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 BTC Direct
-
Comment
BTC Direct trading is turned into hell. They are in complete control of this process. You want to close a deal, and you can't do it for 3 minutes. Of course, this all has consequences in the form of financial losses. This is how this company works.
-
Comment
BTC Direct may have been normal in the past, but now no one can say anything good about them, since they have already shown their real face quite well. I know firsthand what trading in BTC Direct is.
-
Comment
Newcomers to BTC Direct should definitely not meddle. Not the conditions to try and learn. The conditions are designed for crypto traders who trade in large volumes. I myself did not go to BTC Direct for a long time, because it was simply unprofitable. Now I see more advantages for myself here. I don’t complain about the commission, I receive discounts from time to time, the platform draws my volumes with a bang. Some are afraid that BTC Direct has a limited number of assets, but this exchange is not for those who are looking for something new and in general in search. Those who have a strategy trade here. Webinars, respectively, for advanced traders. I would advise you to soberly assess what you want from the exchange and whether BTC Direct has it.
-
Comment
The BTCDirect crypto exchange is a reliable company that offers not only favorable conditions but also an easy-to-use web-based trading platform. But it will not suit those who are used to changing instruments every day because there are not many instruments here, so you will not overclock too much. My strategy is tailored for Bitcoin, but to some extent, it is also suitable for ETH (Ξ), so BTCDirect conditions suit me fine. It is also convenient that each of the currencies can be traded from different wallets. Another plus of this exchange is the free withdrawal of funds. I don't find any particular flaws in BTCDirect, so I recommend it for trading.
-
Comment
Before I started trading, I encountered difficulties while installing a wallet on my computer. BTCDirect does not offer hot storage, and I did not find instructions on how to download and install the program on the website. I figured it out only with the help of technical support. Although I am reassured by the fact that now my money is in a secure vault, to which only I have access. I am going to work only with Bitcoins, as it is the most liquid instrument, besides, on the BTCDirect exchange, the commission for trading BTC is lower than for other altcoins.
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.