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 Rating
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
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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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Comment
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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Comment
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.
Top 5 Reviews on ByBit i
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Comment
I chose Bybit for the ability to work with different order types and risk management. I often use stops and take-profits, and everything works fine here. My deposit was 800 USDT, and I traded futures with moderate leverage. A few trades closed in loss, a few in profit, and the overall result was almost zero. The platform didn’t get in the way, which is already a plus.
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Comment
I was looking for an exchange with a user-friendly mobile app so I could manage trades not just from a PC. Bybit’s app turned out to be functional, almost like the web version. I registered, completed basic verification, and deposited around 300 USDT. I traded spot, without leverage. Profits were small, around 25 USDT over two weeks. For me, it’s more of a practical tool than anything outstanding.
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Comment
I considered Bybit as an alternative to my main exchange to diversify risks. I was interested in the hedging tools and perpetual futures. I started with the demo mode, then deposited 1,000 USDT. I mainly traded BTCUSDT and SOLUSDT. I liked the execution speed and the terminal’s stability during high-volatility periods. After a month, I ended up almost even, with a modest gain of around 12%, and experienced no major issues.
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Comment
Bybit — один из самых известных криптовалютных брокеров и биржевых сервисов в мире цифровых активов. За последние годы платформа заметно выросла, расширила функционал и превратилась из площадки для деривативов в полноценную экосистему для трейдинга, инвестирования и хранения криптовалюты. Первое, что бросается в глаза — это удобство интерфейса. Платформа выглядит современной, логично структурированной и подходит как для начинающих, так и для продвинутых трейдеров. Навигация интуитивная, а торговый терминал предоставляет все необходимые инструменты для анализа: графики TradingView, индикаторы, различные типы ордеров, настройку плеча и риск-менеджмента. Bybit предлагает широкий выбор инструментов: спотовая торговля, фьючерсы, бессрочные контракты, опционы, копитрейдинг, стейкинг, launchpad-проекты и earn-программы. Это делает платформу универсальной — здесь можно не только активно торговать, но и инвестировать более консервативно. Отдельно стоит отметить высокую ликвидность и скорость исполнения ордеров. Проскальзывания минимальны, особенно на популярных торговых парах. Для активных трейдеров это критически важный фактор. Комиссии у Bybit конкурентные и ниже среднерыночных, особенно при использовании токена платформы или при больших торговых объемах. Система уровней VIP дополнительно снижает издержки для активных пользователей. Также стоит отметить мобильное приложение — оно стабильное, быстрое и функционально почти не уступает десктопной версии. Поддержка работает достаточно оперативно, а база знаний и обучающие материалы помогают быстрее освоиться на платформе.
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Comment
I registered on Bybit primarily for derivatives and the ability to trade with leverage. Before that, I was trading spot on another exchange. Here, I opened a Unified Trading Account to avoid confusion between balances. I tested both spot and futures trading, with turnover of around 15–20 thousand USDT over a couple of weeks. Fees were standard, nothing unexpected. I didn’t make much profit, about 70 USDT, but overall the platform left a neutral impression.
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.
Glossary for novice traders
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1
SIPC
SIPC is a nonprofit corporation created by an act of Congress to protect the clients of brokerage firms that are forced into bankruptcy.
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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
Diversification
Diversification is an investment strategy that involves spreading investments across different asset classes, industries, and geographic regions to reduce overall risk.
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5
Futures contract
A futures contract is a standardized financial agreement between two parties to buy or sell an underlying asset, such as a commodity, currency, or financial instrument, at a predetermined price on a specified future date. Futures contracts are commonly used in financial markets to hedge against price fluctuations, speculate on future price movements, or gain exposure to various assets.
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.
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.
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).