MXC vs Huobi: Fees, Coins, Safety Comparison
| Feature | MXC | Huobi |
|---|---|---|
Overall |
3.3 |
4.5 |
3.2 |
3.1 |
|
2.9 |
4.2 |
|
4.1 |
5.0 |
|
Investment Instruments |
3.8 |
5.0 |
Platforms and Charting Tools |
3.0 |
4.7 |
Deposit and Withdrawal |
3.1 |
4.7 |
Research |
2.7 |
4.3 |
Education |
2.5 |
4.5 |
Support |
3.4 |
4.6 |
Bonuses |
3.9 |
5.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
MXC vs Huobi: Pros and Cons
The MXC cryptocurrency exchange (MXC.com) has been operating since 2018. The company is registered in Singapore, which is a loyal digital asset jurisdiction. The platform offers clients trading and P2P exchange services. The main specialization of the trading platform is to provide clients with crypto/crypto trading services with currencies such as Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT). The undoubted bright side of the platform is access to cryptocurrency ETF funds.
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.
| MXC | Huobi | |
|---|---|---|
| Overall Pros | 120+ cryptocurrencies for trading; | Trading With Leverage up to 1:100 |
| receive additional income through staking and holding; | Derivatives, NFT Available | |
| an affiliate program with income up to 80% of the deposit of the invited trader. | Passive Income With Staking, Mining Pool, Crypto Earn program, Crypto loans | |
| Crypto bonuses up to $170 | ||
| 500+ supported coins | ||
| Strong Research | ||
| Overall Cons | commissions of 0.2% per trade; | No tier-1 regulation |
| withdrawal fees (0.0005 BTC for Bitcoin); | Higher trading fees | |
| lack of support for fiat currencies for trading; | ||
| no MAM or PAMM accounts; | ||
| mandatory verification. |
MXC vs Huobi: Safety and Regulation
| Regulated By: | MXC | Huobi |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
FSA |
No |
MXC vs Huobi: Trading Conditions
| Trading Conditions | MXC | Huobi |
|---|---|---|
Minimum Deposit |
$1 |
$100 |
Trading Platforms |
MXC |
Huobi |
Max Leverage (Futures) |
44835 |
1-100 |
Number of Markets |
559+ |
1.087 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
USD, cryptocurrencies |
20 fiat currencies + cryptocurrencies |
MXC vs Huobi: Fees
Trading Fees
| Fee | MXC | Huobi |
|---|---|---|
Max Maker |
0.200% |
0.2% |
Max Taker |
0.200% |
0.2% |
Min Maker |
0.16% |
0.0125% |
Min Taker |
0.16% |
0.07% |
Debit/Credit Card Purchase Fee |
Not supported |
0 |
Futures Trading fees
| Fee | MXC | Huobi |
|---|---|---|
Max Maker |
0.020% |
0.02% |
Max Taker |
0.060% |
0.05% |
Min Maker |
0.014% |
-0.005% |
Min Taker |
0.042% |
0.02% |
Non-Trading Fees
| Fee | MXC | 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 |
0.001 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
MXC vs Huobi: Trading Assets
| Asset Name | MXC | Huobi |
|---|---|---|
Overall |
559+ |
500+ supported coins |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
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 |
Yes |
No |
MXC or Huobi: Investment Programs
| Asset Name | MXC | Huobi |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Holding |
Huobi earn program, Crypto loans, |
Trading Platforms: Huobi or MXC
| MXC | 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 MXC
| MXC | 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 MXC
| MXC | Huobi | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Huobi or MXC
| MXC | 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 MXC
| MXC | Huobi | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
MXC vs Huobi: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | MXC | Huobi |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
MXC vs Huobi: Research
| Research Type | MXC | Huobi |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
MXC vs Huobi: Education
| Education Type | MXC | Huobi |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Huobi vs MXC: Support
| Support Features | MXC | Huobi |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
Ticket |
No |
MXC vs Huobi: Crypto Bonuses and Promo
| Promo | MXC | Huobi |
|---|---|---|
Crypto Bonus |
Rewards Center |
Crypto Bonuses up to $170 |
Affiliate Program |
MXC.com pays customers up to 80% of the affiliate's replenished amount. |
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 MXC
-
Comment
While Mexc's dedication to security is commendable, it does little to offset the frustrations caused by their subpar user interface, inadequate customer support, and limited cryptocurrency selection. As a client, I cannot overlook these significant drawbacks, and I would caution others to carefully consider their options before entrusting their funds to Mexc.
-
Comment
The company has completely lost its position. Until now, it positions itself as a global player, and you conduct your main activities from offshore. The dynamics are obvious, customers are leaving, conditions are getting worse! If the logic is correct, then it would be more correct to withdraw the remaining money from the account and transfer it to another company. At least as a precaution.
-
Comment
Yesterday, after all, they withdrew $200. I didn't hope anymore. Ordered November 10th. Can you still start to restore normal operation? I would like to hope!
-
Comment
I have been trading on MXC since January 2021. Before that, I collaborated with another popular crypto exchange. But at the end of last year, it changed the size of its commission, so I had to look for another site. I mainly work with BTC/USDT and this pair is the most active on MXC. I saw network reviews of disgruntled users who complain about deception by the exchange and even blocking of accounts. Personally, I have not noticed any scams on MXC.com, so I will not believe in libel until I see the violation with my own eyes.
-
Comment
There are many referral links on the network on thematic sites for registering with MXC. Prompted, I opened an account here and got a 10% discount on the first transaction. In general, I liked the site of its crypto exchanger. Everything is clear, several versions are available in different languages, and the choice of contests and bonuses is huge. So far, I only work with crypto on this exchange, but in the future, I plan to invest in ETFs, since today this is a fairly popular topic. The MXC exchange does not take money for making a deposit and the trading commission is fixed, which suits me perfectly.
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.