Binance vs old HTX (houbi): Which is a better choice in 2025
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We continue our series of comparative articles on popular cryptocurrency exchanges and today we will consider some Binance or cooperative before Houbi. Both platforms are among the top ones and see huge trading volumes every day. And despite the general similarity in functionality, there are some differences between these cryptocurrency exchanges.
The editors of cryptomais.com will analyze various aspects of the work of Huobi and Binance to help you form your opinion on which platform is best to choose.
The Binance cryptocurrency exchange has been operating since 2017 and is a confident leader in terms of trading volume and liquidity on the market. A special role in its development was played by the native token BNB (Binance Coin), which was distributed at the ICO in the year of launch. This token allowed holders to significantly save on trading commissions (first up to 50%, then 25%).
Over time, this exchange has actively developed and eventually turned into a huge ecosystem, which is no longer limited to providing trading services, although this is still the main direction. Today on Binance you can invest in various deposit products, trade in futures and p2p markets, mine, and much more.
Huobi is several years older than Binance, although its competitor has managed to surpass it. It is a reliable and easy-to-use platform with a wide range of features, supported cryptocurrencies, high liquidity and trading volumes. Users have the opportunity to receive a large number of bonuses upon registration for being active on Huobi, as well as take advantage of the large amount of educational materials available.
You can also earn passive income on Huobi; to do so, head to the Huobi Earn section. You can participate in the Polkadot slot auction, stake Ethereum 2.0, use the crypto lending functionality, and more.
Details on how to work with Binance vs htx exchanges
1 Trading commissions
Huobi – commissions
Binance allows spot trading with commissions 0,1% of the transaction value. However, this number can be reduced by using BNB tokens to pay commissions or by achieving high trading volumes. 13 Bitcoin Trading Pairs not taxed commission from July 8, 2022.
Derivatives trading fees depend on the type of contract: for COIN-M the fees are 0.01% (maker), 0.05% (taker).
At Huobi broker, the base spot rate is 0,2% of the order value.
Contract Bidding Fees:
Commission for opening a position 0.02% / 0.05% (maker/taker)
The commission for closing a position is also 0.02% / 0.05% (maker/taker)
2 KYC (verification)
Binance – KYC
Anyone who wants to trade or invest in Binance must pass at least one identity verification step. For the first level, you will need to provide a government-issued ID (passport, driver's license, or national identity card) and undergo facial verification. If you need to expand your limits, you will need to go through the second level, where you confirm your residential address.
Huobi allows you to use basic functions without confirming your identity, but verification allows you to increase limits, trade more efficiently on p2p, and use functions related to fiat funds. The verification process is standard, roughly the same as Binance.
3 Legal registration
Team Huobi
Binance is registered in the Cayman Islands, but its legal place of registration changes periodically and it has no actual headquarters. The company is seeking the ideal location to get closer to regulatory requirements, although the person in charge, Changpeng Zhao, does not consider it important for doing business.
Huobi Exchange is legally located in the Seychelles, at Suite 10, 3rd Floor, La Ciotat, Mont Fleuri, Mahe', Seychelles.
Thus, both brokers chose offshore zones for themselves.
4 Deposits and withdrawals
Binance – deposit in reais
Binance allows you to deposit funds into your cryptocurrency account directly from an external wallet or by purchasing with a bank card. In addition, you can add fiat currency to your balance using available payment systems or cards (supported fiat accounts include reais, hryvnia, euros). Among the replenishment methods are payment systems AdvCash, payeerwhich is very convenient, fast and does not require the payment of commissions.
You can also withdraw funds in cryptocurrency or to Payeer, AdvCash.
Huobi also allows you to top up your balance in cryptocurrency or fiat currency, or by purchasing with a card. A deposit in reais is possible using AdvCash, it is free, withdrawal is the same, but with a 1% commission. Supported currencies include the ruble, hryvnia, Kazakh tenge, and euro.
5 Trading on the p2p market
Huobi P2P
This function is worth considering separately, as it is becoming increasingly popular – especially against the background of sanctions and bans. P2P trading with payment directly to the user’s fiat account allows you to buy (or sell) coins in almost any convenient way, not limited to Payeer, AdvCash and bank cards – by Kiwi, Yu Mani and so on.
Both exchanges have peer-to-peer platforms:
Binance P2P. No commissions. Supported coins and tokens USDT, BTC, BUSD, BNB, ETH, DOGE, DAI, SHIB.
Huobi P2P. 0.7% commission from the ad creator. Supported coins and tokens: BTC, ETH, USDT, HT, EOS, XRP, HUSD.
6 Account Security and Protection
Binance – Security Settings
Binance offers the most comprehensive range of security mechanisms among modern cryptocurrency exchanges. Multiple layers of security provide a complete barrier against hackers. These measures include:
2FA.
Phone confirmation/
Whitelist for withdrawal of funds.
Anti-phishing code.
Ability to connect a hardware dongle such as a Yubikey.
Device management.
Account activity tracking.
Ways to protect your Huobi account other than password:
The main thing that needs to be enabled immediately after registration is 2FA – two-factor authentication via the Google Authenticator mobile app. The method has proven to be the most reliable and at the same time simple.
7 Tools to earn passive income
Binance Earnings
Binance has a section Binance Earnings, which includes many different tools for making money from cryptocurrency investments. They are divided into:
Less risky and less profitable. Deposits (flexible and fixed), staking (including Ethereum 2.0), Polkadot Slot Auctions BNB Vault, investment in automobiles).
Huobi also has deposits of different profitability levels, staking, Polkadot slot auctions, ETH 2.0 staking, and dual-coin investments. Overall, the list of services is smaller than on Binance.
8 Other functions
Huobi – exchange functions
Crypto exchange Binance allows you to use mining pool services Binance Pool, participate in IEO on Launchpad, farm additional tokens for Staking using Launchpool, participate in competitions and promotions, use an automated bot for grid trading, which even a beginner can set up. There is an NFT marketplace and a fan token platform.
Huobi practically follows the leader and also offers the services of a trading bot, a mining pool, allows you to take out crypto loans, participate in tournaments, receive bonuses and rewards for activity.
What to choose – Huobi or Binance
Binance has a better user base compared to Huobi, but Huobi has a large number of tokens listed, which means there is a better chance of finding the token you need that other sites have not added yet.
Binance offers extremely high security and its customers have not encountered any serious threats to their accounts in over five years of operation, but only if the user has activated all the necessary settings. Huobi has been operating for a longer time and has also not been involved in any major hacking scandals in its history.
Binance offers lower trading fees in the spot market. Considering the better range of features and currencies, we can conclude that in terms of price and quality ratio, Binance. However, Huobi has the advantage of not requiring mandatory identity verification. You just need to prioritize and decide what is most important.
Conclusion
Both Binance and Huobi are major players in the cryptocurrency market, and both companies have earned this status. The quality of their work has been tested over the years; trading activity, as well as communication in chats and social networks, demonstrate high demand among users. Therefore, it is not surprising that new traders have difficulty choosing the platform that suits them best. In this case, we advise you to think carefully about your goals, the functions you are interested in, the cryptocurrencies you intend to trade, the methods of replenishing your account and withdrawing funds. And based on your own needs, make an informed choice.
