Binance vs Huobi: A Comprehensive Comparison of Two Major Exchanges

Overview

Binance and Huobi (now rebranded as HTX) are two of the most well-known cryptocurrency exchanges that have served the Asian market for years. While both offer comprehensive trading services, there are significant differences that may influence your choice.

Trading Volume and Liquidity

Binance is the undisputed leader in global trading volume, consistently processing more daily trades than any other exchange. This means deeper order books, tighter spreads, and better price execution. Huobi, while still a significant player, has seen its market share decline in recent years, especially after its rebranding and ownership changes.

For traders, higher liquidity translates to less slippage on large orders and more accurate price discovery.

Fee Comparison

Spot Trading Fees

Binance charges a standard 0.1% for both makers and takers at the base level. By using BNB to pay fees you get a 25% discount, bringing the effective rate to 0.075%. With our, you enjoy an additional 20% permanent discount.

Huobi charges 0.2% for both sides at the entry level, which is notably higher than Binance.

Futures Fees

Binance futures fees start at 0.02% for makers and 0.04% for takers. Huobi fees are comparable but generally slightly higher.

Supported Cryptocurrencies

Binance supports over 600 cryptocurrencies and thousands of trading pairs. Huobi supports around 500+ tokens. Both platforms regularly list new tokens, but Binance generally leads in listing speed and variety.

Security

Both exchanges have invested heavily in security. Binance SAFU fund provides a $1 billion safety net for users. Binance also offers comprehensive security features including 2FA, anti-phishing codes, withdrawal whitelists, and device management.

Huobi also provides standard security features but has faced more scrutiny regarding its management and operational stability in recent years.

User Experience

Binance offers both a simplified Lite mode for beginners and a professional trading interface for experienced users. The mobile app is well-designed and regularly updated. Huobi interface is functional but generally considered less polished.

Conclusion

For most users, Binance is the superior choice due to its higher liquidity, lower fees, broader selection of cryptocurrencies, stronger security measures, and better overall user experience. Register on Binance through our referral link for a permanent 20% fee discount.