Huobi vs Gate.io Comparison
US, Canada, Japan, Singapore
HuobiYour Capital is at risk.
Your Capital is at risk.
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Gate.ioYour Capital is at risk.
Your Capital is at risk
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OKXYour Capital is at risk
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Huobi and Gate.io are two popular cryptocurrency exchanges that offer a wide range of trading services to users.
Huobi, founded in 2013 by Leon Li and registered in Seychelles, has a workforce of over 1000 employees and is available in 184 countries, with prohibited jurisdictions such as the US, Canada, China, Japan, and Singapore that cannot use the platform.
Huobi offers spot and margin trading, futures products settled in USDT and crypto, and various trading bots and copy trading.
On the other hand, Gate.io was established in 2013 and is a global cryptocurrency exchange offering a variety of services, including spot trading, margin trading, futures, and options trading.
The platform supports over 1500 cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins, along with various trading pairs. Gate.io has over 12 million users around the world, with the majority being based in Europe and Asia.
While both exchanges offer similar services, Huobi has a larger user base and a wider selection of trading options, including futures settled in USDT and crypto. Huobi also has more restricted jurisdictions and is geared more towards experienced traders.
In contrast, Gate.io is known for its variety of altcoins and attractive trading fees. Gate.io also has fewer jurisdiction restrictions and is more accessible to users worldwide.
In terms of mobile applications, both Huobi and Gate.io have apps available on Android and IOS. Huobi's app has over 20 million downloads, while Gate.io's app has been downloaded over 1 million times. Huobi's app has a slightly higher rating of 4.1 stars compared to Gate.io's 4.4-star rating.
Huobi vs Gate.io Signup & KYC
When it comes to signing up for a cryptocurrency exchange, it's important to consider the Know Your Customer (KYC) requirements and verification process.
Huobi and Gate.io are two exchanges that differ in their approach to KYC verification. Huobi, unlike many other exchanges, doesn't require KYC from all of its users. In fact, users can sign up and trade without KYC but with a $1000 deposit limit and 0.06 BTC daily withdrawal limit.
This makes it a great option for those who value their privacy and don't want to provide personal information. Signing up for Huobi is a breeze. Users can sign up via the exchange on the browser or download the app.
The signup process takes only 30 seconds and includes entering an email or phone number and entering the verification code sent. For those that want to complete KYC to increase their limits, KYC verification takes a few minutes to complete and is then processed within 24 hours.
On the other hand, Gate.io requires KYC verification for both depositing and withdrawing crypto and fiat currencies. The signup process is swift and takes less than a minute to complete as users just need to enter basic email signup information. Basic KYC verification can then be approved in hours on Gate.io while the full KYC verification can take up to 2-3 business days.
Ultimately, the choice between Huobi and Gate.io comes down to individual preferences in regards to KYC. For those that wish to buy and sell without KYC, that is possible on Huobi but not on Gate.io.
Huobi vs Gate.io Products & Services
Continuing with product range, Huobi offers a very large set of trading services and financial products.
These include spot trading, futures trading which is settled in USDT and crypto, margin trading and European and American style options. Besides this, copy trading is also available for beginners who would rather rely on the track record of more experienced traders.
The average spot trading volumes on Huobi tend to range between $250 and $500 million per day which is in the top 20 category compared to other exchanges. For users who want to take on more risk, the max leverage on Huobi for futures is 200X while the max leverage for margin is 100X.
In terms of financial products, Huobi offers it's users access staking services for a wide range of cryptocurrencies and the ability to lend and borrow digital assets.
For retail users who want access to NFTs and a non-custodial wallet to store their digital assets, this is also available on Huobi with their NFT marketplace and Web 3 wallet (iToken Wallet).
The interface on Huobi has gotten a facelift and is now more pleasant to use. The exchange offers a wide range of services targeting both beginners and more sophisticated traders.
Gate.io is another exchange that offers spot and margin trading, as well as derivatives products like futures, perpetual swaps, and options trading. Gate.io also provides financial products like staking, lending, and borrowing services, making it easier for users to earn interest or access loans.
The exchange also has a Gate card, allowing users to spend their cryptocurrencies, and an NFT marketplace for digital art and collectibles. Gate.io's user experience is quite basic, but it does offer a solid variety of products and services.
The exchange satisfies the needs of both professional traders and beginners with a wide range of over 1500 cryptocurrencies and futures products. Gate.io has a daily spot trading volume that ranges between $500 million and $900 million, and it offers futures leverage of up to 50X and margin leverage of up to 10X.
HuobiYour Capital is at risk.
Your Capital is at risk.
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Gate.ioYour Capital is at risk.
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OKXYour Capital is at risk
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Huobi vs Gate.io Fees
Are you looking for an exchange with low trading fees? Let's take a closer look at what each exchange has to offer.
Huobi charges a spot maker fee of 0.20% and a spot taker fee of 0.20%. For futures trading, the maker fee is 0.02% and the taker fee is 0.05%. These fees are already relatively low, but Huobi also offers fee discounts for users who trade with volumes above $10,000 or use their native HT token for trading. This means that you can potentially lower your trading fees even further!
Now let's take a look at Gate.io which charges a spot maker fee of 0.20% and a spot taker fee of 0.20%, which is slightly higher than Huobi's fees. For futures trading, the maker fee is 0.015% and the taker fee is 0.05%, which is the almost the same as Huobi.
However, Gate.io also offers fee discounts for users who trade with volumes above $60,000 or hold enough GT tokens. So as we can see, Gate.io and Huobi are very evenly matched when it comes to trading fees.
HuobiYour Capital is at risk.
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Gate.ioYour Capital is at risk.
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OKXYour Capital is at risk
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Huobi vs Gate.io Deposit Methods
When it comes to deposit methods, Huobi and Gate.io take very different approaches. Huobi supports 8 fiat currencies for deposit, including large fiat currencies such as USD, EUR, and GBP. However, the deposit options vary depending on the currency.
For EUR, you can use SEPA or Skrill, while GBP can only be deposited via FSP. TRY deposits are free via Advacash, and BRL deposits are free with bank transfer.
On the other hand, Gate.io doesn't support fiat deposits at all. This means that the only way to buy cryptocurrency on the exchange is through instant purchase with credit/debit card via MoonPay, Banxa, Advacash, or Simplex. However, this comes with a steep fee ranging from 2-5% transaction fee for credit card purchases.
So, if you prefer to deposit fiat currency, Huobi is the better option for you. But if you're comfortable with buying crypto directly with a credit/debit card and don't mind paying the higher fees, then Gate.io may be a suitable choice.
HuobiYour Capital is at risk.
Your Capital is at risk.
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Gate.ioYour Capital is at risk.
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OKXYour Capital is at risk
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Huobi vs Gate.io Withdrawal Methods
Huobi and Gate.io are two popular cryptocurrency exchanges, each with their own unique set of withdrawal methods. Huobi offers multiple options for fiat withdrawal, including SEPA, FSP, Advcash, Skrill, and bank transfer. However, there are withdrawal fees associated with each method.
SEPA withdrawals come with a 0.15% fee plus a 1 EUR fee, while Skrill withdrawals come with a 2.9% fee plus a 0.1 EUR fee. FSP withdrawals come with a 0.15% fee plus a 1 GBP fee, but Advcash withdrawals for TRY are free while BRL withdrawals via bank transfer are also free.
In terms of cryptocurrency withdrawals, Huobi charges a 0.0004 BTC fee, a 0.0012 ETH fee, a 0.01 SOL fee, and a 4.9 USDT fee.
On the other hand, Gate.io does not offer fiat withdrawals. Instead, users can withdraw their cryptocurrencies using BTC, ETH, SOL, or USDT. Gate.io charges a 0.001 BTC fee for BTC withdrawals, a 0.0019 ETH fee for ETH withdrawals, a 0.003 SOL fee for SOL withdrawals, and a 3 USDT fee for USDT withdrawals.
HuobiYour Capital is at risk.
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Gate.ioYour Capital is at risk.
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OKXYour Capital is at risk
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HuobiYour Capital is at risk.
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Gate.ioYour Capital is at risk.
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OKXYour Capital is at risk
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Is Huobi better than Gate.io?
Huobi and Gate.io are both popular cryptocurrency exchanges that offer a wide range of trading services to users. While both exchanges have similar features, they also have their distinct differences that make them unique.
Huobi has a larger user base and a wider selection of trading options, including futures settled in USDT and crypto, whereas Gate.io is known for its variety of of over 1500 altcoins compared to the 500 offered by Huobi.
In terms of mobile applications, both exchanges have apps available on Android and IOS, with Huobi having a slightly higher rating than Gate.io.
When it comes to Know Your Customer (KYC) requirements and verification process, Huobi does not have KYC as obligatory while Gate.io requires KYC verification for both depositing and withdrawing crypto and fiat currencies.
Both Huobi and Gate.io offer a wide range of trading services, with Huobi having a daily spot trading volume that ranges between $250 million and $500 million, while Gate.io has a daily spot trading volume that ranges between $500 million and $900 million.
Huobi charges a spot maker fee of 0.20% and a spot taker fee of 0.20%, whereas for futures trading, the maker fee is 0.02% and the taker fee is 0.05%. Gate.io charges a spot maker fee of 0.20% and a spot taker fee of 0.20%, with the same fees for futures trading.
In terms of deposit methods, Huobi supports 8 fiat currencies for deposit, while Gate.io doesn't support fiat deposits at all. As such, Gate.io has the edge by supporting more fiat currencies and more products and services while Huobi has the advantage of offering fiat deposits and withdrawals.
