Bybit is one of the top exchanges in the world. It is an exchange that has users all over the world and is expected to grow in the future. Huobi, on the other hand, is used by a large number of Chinese users as a Chinese virtual currency exchange. Which is better when choosing a virtual currency exchange?
What is Bybit?
Bybit is a cryptocurrency exchange based in Dubai. There are many users and they are distributed all over the world. You can check the company profile etc. in the following article. You can also check the license acquisition status.
What is Huobi?
Huobi is the most popular cryptocurrency exchange in China and has a global presence. The exchange is very popular among communist countries and features a large number of users from China and Russia. Traders can now trade from over 300 stocks.
word of mouth and reputation
Bybit’s platform is highly rated. Whether it’s features or speed, it gets pretty high marks. Futures trading is rated for those who are familiar with derivatives and their specifications.
Region, country and distribution of registered users
The distribution below is taken from a site called Traders Union. Traders Union is a website founded in 2010 that introduces reviews and reviews of cryptocurrency and forex sites. Bybit has the most users in Japan. America will be next. Bybit is well known in East Asia and North America, and is used by many users. In addition, there are many users in South America.
Source : TradersUnion
Huobi users are very popular in communist countries such as China, South Korea, Ukraine, Russia, and Vietnam. You can see that the region is concentrated to some extent.
Source : TradersUnion
Bybit VS Huobi
| Bybit | Huobi | |
| Company | Bybit Fintech Limited | Huobi |
| Headquarters | UAE | China |
| Found | 2018 | 2013 |
| Max Leverage | 100 | 100 |
| Cryptocurrencies | 150～ | 500～ |
| Native Token | BIT | – |
| Maker Fee | 0.01% | 0.05% |
| Taker Fee | 0.06% | 0.2% |
| Promotion | Account Open Bonus $5 Deposit bonus $30,000 USDT BTC Deposit Bonus $5 Refer a friend campaign 30% USDC Festival in Spring Others… | Crypto Bonuses up to $170 40% of the partner’s trading commissions |
| Security | High | High |
| Staking | 〇 | 〇 |
| Loss Cut | – | – |
| Mobile App | 〇 | 〇 |
| Live Chat Support | 〇 | 〇 |
| Withdraw Merthod | Crypto | Online Wallet Debit/credit cards Crypto |
| Deposit Method | Bank Transfer P2P Debit/Credit card Ethereum | Online Wallet P2P Debit/credit cards Crypto |
| Demo Account | 〇 | 〇 |
| Minimum Deposit | $0 | |
| Minimum Trade | 0.001BTC | 0.0001BTC |
| MetaTrader 4 | 〇 | × |
| MetaTrader 5 | × | × |
| cTrader | × | × |
| Leverage Trading | 〇 | 〇 |
| P2P Trading | 〇 | 〇 |
| Spot Trading | 〇 | 〇 |
| Copy Trading | 〇 | × |
| Auto Trading | 〇 | 〇 |
| VPS Hosting | 〇 | × |
| Social Trading | × | × |
| Trade Instruments | Spot, Futures, P2P, NFT | Spot, Futures, NFT, ETF |
Handling virtual currency
Huobi is completely more in terms of the number of virtual currencies handled. In the case of Bybit, there are only 100 types, so the number is very limited.
Maximum leverage
Huobi has a maximum leverage of 100 times, making it possible to trade with considerable high leverage. On the other hand, Bybit is also 100 times higher, so you can choose either.
trade tools
Bybit is easier to use in terms of trading tools. This is because it supports MT4. MT4 is a popular tool for traders around the world. Huobi uses original trading tools.
campaigns, bonuses
Bybit is clearly better in terms of promotions and bonuses. Bybit also conducts campaigns irregularly, so there are many events throughout the year. There are Huobi campaigns, but they are obviously fewer than Bybit.
transaction fee
Bybit is clearly cheaper for both taker and maker fees.
NFT
Both Huobi and Bybit have started handling NFTs in recent years, so there are a wide variety of stocks.
Recommended by Bybit
If you want to take full advantage of promotions and bonuses, Bybit is definitely recommended. You can open a Bybit account from the following article. Please refer to the instructions on how to open an account.
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