Huobi Global vs Bybit: Fees, Coins, Safety Comparison
Bybit is the largest exchange in terms of trading cryptocurrency futures and other derivatives. Meanwhile, Huobi Global is one of the top cryptocurrency exchanges in the spot market, offering access to trading futures contracts for Bitcoin and other top cryptocurrencies.
The conditions on these exchanges are largely similar, however the choice in favor of one of them should depend on the specific goals of an investor. Traders Union experts compared Bybit and Huobi using 11 criteria, such as the fees in the spot and futures market, reliability, regulation, the choice of supported coins and assets, etc.
Start trading crypto right now with Huobi Global!Huobi Global vs. Bybit: Overall Ranking
Huobi and Bybit got the same overall score; however, the difference of their scores in terms of certain criteria is significant. In order to get the full idea about the scores for different aspects of the exchanges, review the comparative tables below.
Feature | Huobi Global | ByBit |
---|---|---|
Overall |
4.5 |
4.5 |
Regulation |
3.1 |
3.1 |
Fees |
4.2 |
4.6 |
Trading Assets |
5 |
4.3 |
Investment Instruments |
5 |
4.8 |
Platforms and Charting Tools |
4.7 |
4.9 |
Deposit and Withdrawal |
4.7 |
3.9 |
Research |
4.3 |
4.2 |
Education |
4.5 |
4.1 |
Support |
4.6 |
4.5 |
Promo |
5 |
5 |
|
|
Huobi Global vs. ByBit: A Brief Introduction
Bybit is a much cheaper exchange both in the spot and futures market. It also has a more advanced trading platform for active trading. Meanwhile, Huobi is considerably ahead of the competitor in terms of the number of supported coins and investment instruments; the exchange also offers a larger number of deposit and withdrawal methods.
The drawbacks of Bybit include the impossibility to withdraw money in fiat, a small choice of trading instruments and passive income tools. However, the fees are higher on Huobi.
Huobi Global and ByBit Pros and Cons
Huobi Global | ByBit | |
---|---|---|
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 |
Low spot and futures trading fees |
|
Crypto bonuses up to $170 |
Deposit Fee – 0% |
|
500+ supported coins |
Passive Income With Staking, DeFi Mining, Multi Currency deposits |
|
Strong Research |
Strong Research |
|
Free p2p transactions |
||
Overall Cons |
No tier-1 regulation |
No tier-1 regulation |
Higher trading fees |
No Mining Pool |
|
No Fiat Deposit and Withdrawal |
Huobi Global vs ByBit: Regulation
Both exchanges provide digital services and are not regulated by any major world’s regulator. At that, the company that owns Huobi Global is registered in Hong Kong and Singapore.
Regulated By: | Huobi Global | ByBit |
---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
ByBit vs Huobi Global: Trading Conditions
Trading Conditions | Huobi Global | ByBit |
---|---|---|
Minimum Deposit |
$100 |
$1 |
Trading Platforms |
Huobi |
ByBit |
Max Leverage (Futures) |
1:100 |
1:100 |
Number of Supported Coins |
500+ |
200+ |
Number of Markets |
1,087 |
326 |
Number of Trading Accounts |
1 |
1 |
Base Account Currencies |
20 fiat currencies + cryptocurrencies |
Crypto, fiat is not supported |
Huobi Global vs ByBit: Trading Assets
The entire list of the largest cryptocurrencies by capitalization is available on Huobi and Bybit. However the total number of supported coins is higher on Huobi Global. If you want to trade more rare or new cryptocurrencies, their choice is wider also on Huobi. At that, Bybit offers an excellent choice of liquid futures contracts for active trading.
Asset | Huobi Global | ByBit |
---|---|---|
Supported coins |
500+ |
200+ |
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 |
Huobi Global fees vs ByBit Fees
Trading fees on Bybit are on average much lower than on Huobi Global.
Spot Trading Fees
Fee | Huobi Global | ByBit |
---|---|---|
Max Maker |
0.2% |
0.1% |
Max Taker |
0.2% |
0.1% |
Min Maker |
0.0125% |
0.0% |
Min Taker |
0.07% |
0.02% |
P2P Transactions Taker |
0% |
0% |
P2P Transactions Maker |
0% |
0%* (can be changed) |
Debit/Credit Card Purchase Fee |
0% |
0% |
Futures Trading Fees
Base fees for trading in the futures market are lower on Bybit; at that the fee is especially beneficial for the Maker orders, where it will be zero in many cases. At that, the Taker fees are similar to Huobi. However, Huobi offers very big discounts for large traders Maker – up to – 0.05%.
Fee | Huobi Global | ByBit |
---|---|---|
Max Maker |
0.02% |
0.01% |
Max Taker |
0.05% |
0.06% |
Min Maker |
-0.005% |
0% |
Min Taker |
0.02% |
0.03% |
Non-Trading Fees
You cannot work with fiat money on ByBit, so you can make a deposit and withdrawal only using third-party exchange services. Huobi does not charge deposit and withdrawal fees, but usually you will have to pay the payment system fees.
Huobi Global | ByBit | |
---|---|---|
Account Fee |
0% |
0% |
Deposit Fee |
0-1% |
0% |
Bank Transfer Withdrawal Fee |
0,1% |
- |
Debit/Credit Card Withdrawal Fee |
0-3% |
0% |
BTC Withdrawal Fee |
0.0001 |
0.0005 |
Inactivity Fee |
0% |
0% |
Best Trading Platform: Huobi Global or ByBit
Huobi and Bybit offer excellent apps that are easy to use for beginners. Web versions with expanded functionality are better suited for professionals. Both exchanges also offer basic security features, such as two-factor authentication, filters for choosing cryptocurrencies by statistical indicators. On the web platforms, traders have access to indicators and instruments for chart analysis.
Huobi Global | ByBit | |
---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Trading Platforms Features
Huobi Global | ByBit | |
---|---|---|
SMS Based 2 FA |
Yes |
No |
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 | ByBit | |
---|---|---|
Indicators |
Yes |
Yes |
Drawing Tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile Trading
Features | Huobi Global | ByBit |
---|---|---|
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 | ByBit | |
---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
ByBit vs Huobi Global: Deposit and Withdrawal
Huobi’s strongest suit is that the cryptocurrency exchange works with a huge number of fiat currencies (20+), which is very convenient for users from different countries. Also withdrawal in fiat to debit/credit cards, electronic wallets and bank accounts is available. ByBit currently works only with cryptocurrency; it is possible to withdraw fiat only by using a P2P exchange service and third-party providers.
Deposit Method | Huobi Global | ByBit |
---|---|---|
Bank Transfer |
Yes |
No |
Credit/Debit Card |
Yes |
No |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
Withdrawal Method | Huobi Global | ByBit |
---|---|---|
Bank Transfer |
Yes |
No |
Credit/Debit Card |
Yes |
No |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
ByBit vs Huobi Global: Research
Both exchanges focus on quality research and analysis. The exchanges conduct cryptocurrency market research, publish analytical reports on their websites and in newsletters. Nonetheless, Huobi Global is more active in this area, offering its clients more updated information.
Research Type | Huobi Global | ByBit |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
No |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
Yes |
Huobi Global vs ByBit: Education
Both exchanges offer education for their clients – these mostly include various guides on trading and investing in the format of articles and video tutorials. Huobi Global also sometimes holds webinars. Both exchanges do not offer a demo account, as clients can test their services with minimum funds.
Education Type | Huobi Global | ByBit |
---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
Yes |
No |
Books |
No |
No |
Huobi Global US vs ByBit: Support
Support Features | Huobi Global | ByBit |
---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Tickets |
Yes |
Yes |
Other |
No |
Telegram |
ByBit vs Huobi Global: Promo
Best Crypto Sign-Up Bonus Offers and PromotionsBoth exchanges offer excellent cryptocurrency welcome bonuses that allow you to get rewarded for registering and being active on the platforms. You can get up to $3,000 on ByBit and up to $170 on Huobi. Traders and owners of popular websites and blogs can also earn money from the referral program. Huobi offers up to 40% of the referral’s trading fees and ByBit awards $20 per each invited user.
Promo | Huobi Global | ByBit |
---|---|---|
Special Offers |
Crypto Bonuses up to $170 |
Make a deposit and get up to $3000 |
Referral Program |
40% of the partner's trading commissions |
$20 per invited user |
Huobi Global or ByBit: What Exchange is Actually Better in 2024?
Both Huobi and ByBit are good options for traders and investors, as they offer competitive conditions and a wide range of services. However, each of these exchanges can be considered the best for specific purposes.
For example, cryptocurrency investors who aim to earn passive income and who require a wide choice of supported currencies, including new and rare coins, will prefer Huobi. This exchange also actively works with fiat money, supporting over 20 currencies, which is convenient for the residents of these countries.
Low fees speak in favor of ByBit, which is beneficial for many traders with active trading style, as with high trading volumes, the fees can account for a lion’s share of expenses.
Huobi Global vs ByBit: Which Exchange Is Better For Newbies?
Both exchanges will be a good choice, as they have a user-friendly, intuitive interface of the apps, a large number of educational materials, and developed bonus programs. The only aspect is that it is advisable for novice traders to test their strengths in the spot market and without a big margin at first, as getting carried away with the margin is the main cause of quick loss of deposit in trading.
What Exchange Is Better For Day Trading?
ByBit is better suited for day trading in the spot and futures markets, as the exchange charges lower fees. The web platform of the exchange offers all features required by beginners and professional traders.
Huobi Global vs ByBit: Which Exchange is Actually Cheaper?
ByBit can be called a cheaper exchange; the difference is particularly evident in the spot market. However, Huobi clients with high trading volumes won’t see the difference much, as the exchange offers big discounts for them. There are also substantial discounts for holders of Huobi Token.
Choice of Trading Assets
By the choice of supported coins, Huobi Global is the undisputed leader in the spot market, offering over 500 coins, while ByBit has over 200 coins. If you want to trade rare coins, Huobi is the exchange for you. At the same time, ByBit is just as good in terms of the diversity of contracts in the futures market and NFT.
Top 5 Reviews on Huobi Global i
-
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.
-
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.
-
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.
-
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.
-
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....
Top 5 Reviews on ByBit i
-
Comment
Guys, it is normal to see trading as a game of chance. Nonetheless, iif you can learn how to use analyze financial markets using tools like line charts, indicators, and other trading tools, you will minimize the rate at which you lose out on profitable trades when you trade with real money. When you register on a platform like Bybit, get familiar with the various trading tools available and how to use them. There are also useful tools you can use to see what will happen if a trade goes your way or against you. Just like the one tool I use daily before I open a trade position which is the pre order calculator. I use this tool to calculate and know the possible profit and loss and ROI if I open trade with any strategy I created
-
Comment
At first I doubted whether to work with Bybit. The conditions here are favorable, but I was still afraid to work with the company I knew nothing about. But I decided to try with small amounts and realized that the broker works well. The money was withdrawn quickly and the fee was minimal, so I stopped being afraid. I’ve been a grateful client of this company for six months now!
-
Comment
I was looking for a reliable exchange and paid attention to Bybit, which has long been on the market and has a good reputation. My friend, who has been trading on Bybit for many years, also recommended this company. Now, after a few years I consider myself a more experienced trader and I am sure that I chose the right one. I am pleased with Bybit’s work, although the income is not too high, but stable. Withdrawals are very fast, but everything depends on the chosen payment system.
-
Comment
I have never had any problems with this company. I will even say that this is the best thing that I have seen in the last year. They try to please everyone. I can only praise.
-
Comment
I can't really say anything bad about ByBit. I trade cryptocurrencies here. and another company. Regarding the withdrawal of money, everything is fine here, but trading is sometimes lame)
FAQs
In which countries do these cryptocurrency exchanges operate?
You can check out the list of the supported countries on the official websites of the exchanges. These exchanges operate in the majority of countries; the exceptions are the countries and regions under international sanctions, and also China, where cryptocurrency trading is prohibited. In the US, these exchanges are blocked.
Which exchange offers better bonuses?
ByBit offers a bonus of up to $3,000 subject to a number of conditions. It is more realistic to get from $10 to $600 bonus for registration; the success will largely depend on your luck. Huobi Global has clear conditions for getting the bonus – you need to fulfill a number of conditions, such as make a deposit, perform first transactions, etc. The maximum bonus amount is limited to $170.
Does absence of regulation on ByBit and Huobi mean that it is a scam?
The risk is not zero, but it is not significant. Both exchanges have been in the market for a long period of time and 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 Global without commissions and on ByBit, the fees vary from 0% to 0.35%. The liquidity is slightly higher on ByBit.
Team that worked on the article
Alex Smith is a professional day trader for a proprietary trading firm within the foreign exchange (forex) and crypto markets. His area of expertise is day trading and swing trading within the 15min-4hr time frames for both the London and NY open. At Traders Union, Alex is a firsthand experience expert, providing explanatory videos and tutorials on brokerage companies, how to open a trading account, how to withdraw profit, etc.
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
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.