Binance vs Huobi: Best Platform To Trade Cryptocurrency In 2023

Want to invest in cryptocurrency? Wondering which trading platform is the best? You are at the right place. Talking about which is a better cryptocurrency exchange, Binance vs Huobi, is a personal choice. However, both platforms are good and have their advantages.

Binance vs. Huobi: The best platform to trade cryptocurrency in 2023

Before you make any investment in cryptocurrencies, it is crucial to evaluate your knowledge level and goals in the crypto market. Beginners and pro investors have different objectives when it comes to investing in a particular coin. Hope this cryptocurrency exchange comparison between Binance and Huobi makes your understanding of the market a lot easier.

Binance – Better Finance Everyday

Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high-frequency trading software. At present, it is the largest cryptocurrency exchange by trading volume. Binance provides an excellent choice of cryptocurrencies for investing, with low commissions and fees. The weaknesses of Binance include: not being listed on any stock exchange and its corporate structure is not transparent.

Pros:

• A very well-known crypto exchange platform
• More than 500 different cryptos are available
• Two-factor authentication
• P2P trading option
• Emphasis on security and KYC
• Supports fiat-crypto acquisitions

Cons:

• Might be a bit difficult for beginners

Read More: Dogecoin Vs XRP: Which Crypto Is Worth Your Money?

Huobi Global – Providing Secure and Convenient Trading Services

Huobi Global, established in 2013, is a Seychelles-based cryptocurrency exchange. The exchange currently has offices in Hong Kong, South Korea, Japan, and the US. The crypto exchange offers access to over 500 cryptocurrencies as well as cryptocurrency futures and NFT; Huobi is a safe platform to trade, therefore, the platform has been gaining vast popularity since its launch.

Pros:

Very low fees

User-friendly interface

Most crypto assets are stored offline

24/7 customer support

Cons:

Only crypto assets available to be exchanged

Not regulated

Binance vs Huobi Comparison Result Analysis

Binance has a higher value-for-money score than Huobi and a bigger active user base of around 28.6 million users. And when it comes to the acceptance of cryptocurrencies, Binance has a higher number of acceptable crypto than Huobi.

Last but not the least, Binance also has the lowest trading fee percentage of 0.10%, which is 0.10% lesser than Huobi’s trading fees.

Also Read: Best Cryptocurrency To Buy Today, 5 contenders With 50x Gain Potential!