Kucoin vs Huobi – which is the best

We continue comparing top cryptocurrency exchanges to identify the best ones. This time we will analyze KuCoin vs Huobi, two actively developing platforms with extensive functionality. In many ways, they are similar, both have their own native token, which gives significant benefits to its holders, both are easy to trade and equipped with investment tools. But there are also many differences. So it makes sense to compare them in more detail.


Kucoin

Huoibi

Type of exchange

Сentralized

Сentralized

Year founded

2014

 2013

Registration country

Seychelles

Seychelles

Trust Score (Coingecko)

10

10

Cryptocurrencies / trading pairs

1261

1013

Trading types

Spot, Futures, Margin trading, P2P

Spot, Futures, Margin trading, P2P

Fees

0.1%

0.2%

2FA

Yes

Yes

Mobile application

IOS, Android

IOS, Android

Daily trading volume on Spot market

$944 330 535

$834 424 418

Advantages and disadvantages of Kucoin

Pros:

  • KYC is not required
  • Ability to buy from card
  • Higher leverage (up to 100x)
  • Own KCS token
  • Mining pool and cloud mining
  • KuCoin Chain (KCC) blockchain ecosystem

Cons:

  • Not quite a quality localization of the interface

Advantages and disadvantages of Huobi

Pros:

  • There is its own blockchain and functional token, as well as HUSD stabelcoin
  • It is possible to work without verification
  • Bot for automated trading
  • There is a purchase from the cards
  • Your own decentralized wallet
  • Complex of institutional services

Cons:

  • Trading fees are higher

About Kucoin Exchange

Kucoin is a cryptocurrency exchange that launched in September of 2017, they are focused on creating the best possible experience for their users. They aim to stand out from the competition in this saturated market. The exchange is a trustworthy site. The bonus program has a considerable bounty, and there is good support for programming that occurs around the clock. There's also a list of cryptocurrencies on the site which are getting ready to be listed on other platforms.

Kucoin Shares (KCS) tokens offer a lot more trading options than other coins. They're used on the Kucoin cryptocurrency exchange, which is one of the most popular in the world. The system they're issued on is similar to ERC20-tokens and offers a level of decentralization that offers investors better rates. Getting KCS tokens on Kucoin is easy. With the way our smart contract works, it rewards all traders by giving them 2% of their trading volume in the form of payouts. We also have other ways to reward our token holders like reduced trading fees and other services.

At launch, Kucoin had two large venture capital firms backing it up: IDG Capital and Matrix Partners. The exchange has also raised $20 million in their first round of funding.

About Huobi exchange

Huobi saw the light of day in 2013 and has since become one of the leading companies offering services for trading and investing in cryptocurrencies. It actively researches emerging blockchain technologies and implements them to improve the efficiency of its operations. Over the years, Huobi has expanded into mining, created its own public blockchain, wallet and more.

The company has licenses to serve customers in most regions, excluding some jurisdictions. Subsidiaries have been opened in many countries and operate as required by regulators. In total the company's services are offered in more than a hundred regions.

Comparative analysis of Kucoin and Huobi exchanges

Available features

Both crypto-exchanges focus on cryptocurrency trading. 

Kucoin offers:

  • Mining pool
  • IEO
  • NFT market

Huobi offers: 

  • Trading bot
  • Fiat Gateway
  • HECO Smart Contracts Blockchain Platform

Available countries

Kucoin and Huobi exchanges are available in more than 100 countries. These exchanges do not provide trading services in sanctioned countries. 

Payment methods

You can fund your Kucoin and Huobi account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on Kucoin and Huobi.

Available Cryptos and Tokens

Kucoin currently supports 1265 trading pairs and 712 coins. 

While Huobi supports 1001 trading pairs and 627 coins. 

Verification (KYC)

KuCoin has the ability to trade cryptocurrency, withdraw up to 1 BTC per day without verification, use leverage for futures up to 5x. It is not possible to use fiat. However, KYC procedure is implemented, it can be passed by those who want to remove restrictions and increase withdrawal limits.

On Huobi you can also trade anonymously, and KYC only if you want to use fiat or expand your limits.

Account deposit

Exchanges offer the following options for funding the account:

  • Crediting a fiat account with a card or payment system
  • Purchase from a card
  • Direct transfer of cryptocurrency to the exchange address

Comparison of Trading Fees

Kucoin:

  • Spot - 0.1% / 0.1% (maker/staker)
  • Futures - 0,02 % / 0,06 %

Huobi:

  • Spot - 0.2 %.
  • Futures, perpetual contracts - 0.02% / 0.05% (maker/staker) for opening or closing a position

Owners of KCS and HT tokens, respectively, can reduce these fees with them. In addition, fees are reduced for large traders with large monthly trading volumes.

Account security

It is very important to protect your account from possible intrusion from the outside. Both platforms have simple but effective security mechanisms for this purpose.

Huobi and Kucoin provide similar protection methods: 2FA, SMS or email confirmation, but there is also an option to set payment password, order confirmation, linking social networks and accounts, such as Google or Telegram. Anti-phishing code activation is available.

Passive earn on exchanges

KuCoin Earn provides products with flexible and fixed terms, high-yield stocks, staking (including Eth 2.0), and Polkadot auctions.

Huobi is not far behind and also supports quite a few options for passive income: deposits, slot auctions, dual investments, and stacking. Yields are constantly fluctuating depending on the state of the market.

In general, both exchanges have a great choice for passive erning.

Which to choose - Kucoin or Huobi

Kucoin has more favorable commissions and a wider range of investment areas. Otherwise, the exchanges are almost equal - both have high trading volumes and many additional instruments.

KYC in both cases is not required, but desirable. All in all, it's worth taking the time to get to know each exchange better, especially if you want to delve deeper into the cryptocurrency sphere.

Disclaimer:

NFTs trading entails a high level of risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

FAQs

Is KuCoin a good exchange?

Yes, Kucoin is an excellent exchange, which is suitable for both experienced traders and beginners.

Is Huobi safe?

Huobi provides protection methods: 2FA, SMS or email confirmation, but there is also an option to set payment password, order confirmation, linking social networks and accounts, such as Google or Telegram. 

How Huobi earn works?

Huobi supports a few options for passive income: deposits, slot auctions, dual investments, and stacking. Yields are constantly fluctuating depending on the state of the market.


How can I withdraw money from KuCoin to bank account?

Kucoin provides access for withdrawal to cards and wallets.

Conclusion

When choosing a cryptocurrency exchange, pay attention to all of the above factors, the reliability of the exchange, as well as the parameters that are important to you. It may happen that just one attribute will be decisive. Both exchangers, which we have reviewed today, operate for a long time, and therefore only worthy of trust. Both Kucoin and Huobi are developing along with the whole cryptocurrency sector, which is necessary for any company to stay afloat.

Disclaimer:

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

Comparison of other exchanges

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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