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Bitget vs Huobi: Which Crypto Exchange Is Better?

Publisher

December 16, 2023
Bitget vs Huobi

If you want to choose Bitget or Huobi as your crypto exchange, you have come to the right place. We have extensively tested both crypto exchanges, Bitget and Huobi, and we considered all key factors such as security, trading fees, supported cryptos, user-friendliness, and many more. At the end of this comparison of Bitget vs Huobi, you will know exactly which crypto exchange is best for your needs.

 

Bitget vs Huobi Overview

Bitget was founded in 2018 and has its headquarters in Singapore. The platform currently serves over 20 million users across over 160 countries, making it one of the fastest-growing exchanges in the world. Users can access over 570 cryptocurrencies, which you can trade on the spot and futures market.

Additionally, Bitget is one of the largest crypto exchanges on the derivatives market, with a daily trading volume of over $5 billion, regularly ranking it in the top 5 exchanges in the world. Many traders trust Bitget due to its low trading fees, high liquidity, and wide range of passive income products. One is Copy trading, where you can automatically copy the trades of experienced traders.

For traders seeking to trade on the go with their Smartphones, Bitget has a comprehensive mobile app for iOS and Android devices. With over 5 million downloads and a 4.4/5 star rating, Bitget is one of the best crypto exchange apps.

 

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Huobi, on the other hand, is a popular crypto exchange founded in 2013 with its headquarters in Seychelles. The platform has an extensive range of cryptocurrencies, with over 700 coins and a daily trading volume of over $1.5 billion.

Users can access various trading products, including spot, futures, derivatives, NFT, copy trading, etc. A user-friendly trading app is also available for Android and IOS users. The app has over 10 million downloads and a rating of 4.1/5 stars.

The Bitget app is considered superior to Huobi’s as it is user-friendly and offers more advanced trading tools. That is also reflected in the rating.

 

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Bitget vs Huobi Sign Up & KYC Process

Bitget and Huobi allow users to sign up with an email address or phone number and a strong password. Additionally, on Bitget, you can now register with your MetaMask wallet, which is excellent for NFT traders.

In terms of KYC verification, Huobi and Bitget are similar. Bitget does not require KYC verification for users to trade and withdraw on the platform. However, there are certain restrictions on withdrawals and other premium features. If you need to increase your Bitget withdrawal limit, you must verify your identity with a valid ID.

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Similarly, you can trade, deposit, and withdraw on Huobi without verifying your identity. However, not verifying your identity on Huobi will put certain limits on your account, and you will not have access to all the features on Huobi. If you want to unlock all features on Huobi, you must complete the KYC verification by providing a government-issued ID.

Although Bitget and Huobi do not require KYC verification for trading, Bitget ranks as a better option, offering a more accessible and shorter sign-up and KYC verification process.

 

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Bitget vs Huobi Products, Services, and Features

Bitget and Huobi both offer a wide variety of crypto-related products. Regarding trading services, Bitget supports spot trading with a 10x margin, futures trading with up to 125x leverage, and over 500 available cryptos, including BTC, ETH, and USDT.

Additionally, Bitget has a daily trading volume of over $5 billion, making it one of the largest crypto exchanges in the world by trade volume. The Bitget trading interface is also user-friendly, reliable, and equipped with advanced trading tools. It is a top choice for beginners and experienced traders looking for a great futures trading platform with high leverage.

Huobi, on the other hand, offers over 700 cryptos for spot and futures trading with up to 10x margin and 200x leverage on derivatives and perpetual contracts. Huobi offers crypto options for more advanced traders trading for BTC and ETH.

 

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With an average daily trading volume of over $1.5 billion, Huobi also ranks among the top crypto exchanges sorted by trading volume. The exchange also features a very user-friendly trading interface, making it an attractive choice for new and inexperienced traders.

Both platforms have much to offer in terms of passive income products. Bitget is particularly popular for its comprehensive copy trading features, where you can automatically follow advanced traders and earn from their trades.

Additionally, Bitget offers savings accounts, staking, crypto loans, dual investments, range sniping, mining launch pools, and many more to enable users to earn more passive income while trading on the platform.

Huobi also offers a comprehensive copy-trading feature where users can earn by copying the trades of the advanced traders on the platform with just one click. Furthermore, Huobi has an extensive “Earn” section where users can earn from dual investments, staking, mining, crypto loans, and many more. For beginners, Huobi also has an educational area called “Huobi Learn,” where you can learn more about cryptocurrencies.

Regarding user experience, Bitget stands out as the better option. Navigation through the exchange is effortless, thanks to the intuitive interface. It’s not only the well-designed trading interface; it’s the platform as a whole. You won’t have any problems navigating through your dashboard on Bitget.

For overall products, services, and features, Huobi is the winner as the exchange offers more cryptos, higher leverage, a wider range of passive income products, and many more.

However, in terms of reliability and user friendliness, Bitget is superior.

 

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Bitget vs Huobi Trading Fees

Bitget charges a standard 0.1% fee for both makers and takers on the spot market, while for futures trading, prices are set at 0.02% for makers and 0.06% for takers. The platform uses a tiered fee structure where users can reduce fees to 0.08% for both makers and takers when using the Bitget token (BGB) for payments.

Huobi, on the other hand, charges a 0.2% fee for both makers and takers on the spot market, which could be decreased based on the amount of Huobi tokens (HT). For futures trading, charges are set at 0.02% for makers and 0.05% for takers.

Regarding trading fees, Bitget is clearly the better option as it offers lower prices and generous discounts on both spot and futures trading.

 

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Bitget vs Huobi Deposit Methods

Both Bitget and Huobi offer deposits for cryptos and FIAT. Also, crypto deposits are accessible on both exchanges. Bitget only offers FIAT deposits in EUR, GBP, and BRL. The supported payment methods include SEPA for EUR and GBP deposits and PIX for BRL deposits. You can also buy cryptos immediately via credit/debit cards on the platforms, as Bitget supports over 50 fiat currencies for direct crypto purchases.

Huobi supports FIAT deposits for up to 13 currencies, including USD, EUR, and GBP. The available deposit methods include Advcash, SEPA transfers, Skrill, Bank cards, and many more. Additionally, Huobi offers crypto purchases via credit card or third-party providers such as Mercuryo, Banxa, and Simplex. The fees differ based on your FIAT currency and payment method and range between 0%-3%.

Huobi ranks as the better option in deposit methods as it supports more fiat currencies and offers a broader range of payment options for users to deposit crypto for trading.

 

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Bitget vs Huobi Withdrawal Methods

Both crypto exchanges offer crypto withdrawals, and the fee depends on the coin and selected network. Payments can also increase based on the network capacity. Bitget offers FIAT withdrawals in EUR, GBP, and BRL with fees as low as 0.5€/£ for SEPA transfers. For BRL transfers, the prices are 0% for PIX transfers.

Huobi supports 13 fiat currencies for withdrawals. Payment methods include Skrill, Advcash, Bank transfers, and many more. SEPA charges 0.15% + 1EUR, Skrill is 2.9%, FSP takes 0.15% + 1 GBP, whereas withdrawals in TRY through Advcash and BRL bank transfer don’t incur any fees.

Huobi also stands out as the better option in terms of withdrawal methods, as it offers more fiat currencies and payment options with low fees.

 

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Bitget vs Huobi Security

Bitget and Huobi are both reliable options when it comes to security, as they both implement advanced security measures and have never been hacked. These measures include two-factor authentication, cold storage, SSL encryption, etc.

Additionally, Both exchanges provide independent proof of reserves, guaranteeing that the company fully backs all user assets. Bitget also further provides a $390 million protection fund to assure users of the safety of their assets.

In terms of security, Bitget and Huobi are evenly matched. Still, Bitget is a better option as it offers additional security and a $390 million protection fund aside from its proof of reserves. Huobi also has suffered from hacks before, while Bitget has a clean track record.

 

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Bitget vs Huobi Customer Support

Customer support is a crucial factor to consider when choosing a crypto exchange. That would be very helpful if you encountered any difficulty navigating the platform.

Bitget and Huobi offer 24/7 live chat support on their website and mobile apps. The two exchanges have a response time of less than 3 minutes, which shows that their customer service is very efficient.

 

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Bitget vs Huobi Which Exchange Wins?

This side-by-side comparison between Bitget and Huobi is a very close one. Both exchanges are very user-friendly, so if you are a beginner, you will have a great time trading on both platforms.

Huobi is the best for buying cryptos as it offers over 700 cryptocurrencies, including BTC, ETH, and USDT. Users can also access various payment methods to facilitate crypto purchases at low fees.

They offer an excellent passive income product section to help users earn extra income while trading on the platform. The advanced copy trading feature on both exchanges stands out as one of the best in the crypto market.

It is important to note that both exchanges focus on different areas. Therefore, it is easy to say which exchange is best in which case and for specific needs. We recommend Bitget as the better crypto exchange for active traders. Bitget offers a comprehensive trading interface with advanced tools, making it suitable for beginners and experienced traders.

Bitget is best for:

  • Low trading fees and generous discounts
  • Copy trading
  • Advanced trading tools
  • Easy registration and KYC verification
  • User-friendly interface for both beginners and experienced traders
  • Adequate security
  • Passive income products
  • Security

Huobi is best for:

  • Fiat deposits and withdrawals
  • Earn products
  • Adequate security
  • Higher leverage on derivatives and perpetual contracts

 

Visit Huobi

 

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