Huobi vs Gemini Overview
US, Canada, Japan, Singapore
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Huobi and Gemini are two well-established cryptocurrency exchanges that cater to different needs of the global crypto community. Founded in 2013 by Leon Li, Huobi is registered in Seychelles and has over 1000 employees.
It's available in 184 countries, but restricted in 11 jurisdictions such as the US, Canada, China, Japan and Singapore. Huobi is an exchange offering a wide range of trading services, including spot and margin trading, futures products settled in USDT and crypto, and a range of trading bots and copy trading.
It boasts over 10 million users and 20+ million downloads with a 4.1-star rating based on 42,000 reviews. Huobi supports 500 cryptocurrencies, making it one of the most diverse exchanges in the market.
On the other hand, Gemini was founded in 2014 by Cameron & Tyler Winklevoss, registered in the United States with headquarters in New York.
Gemini is only available in 70 countries across North America, Europe and a few other countries, but is widely known for its strong emphasis on security, regulatory compliance, and user experience.
It provides a limited set of products and services, which includes spot trading, recurring buys, staking, and Gemini Earn, a program that allows users to earn interest on their crypto holdings.
Gemini is estimated to have between 5 and 10 million registered users, with over 1 million of them downloading their app, which has an average 3.8-star rating based on 50,000 reviews. Gemini offers a limited range of 110 mostly large-cap cryptocurrencies.
Overall, Huobi and Gemini offer different trading experiences to their users, with Huobi catering to more sophisticated traders and Gemini focusing on beginners and institutional investors.
Huobi vs Gemini Signup & KYC
If you're looking to get into trading cryptocurrencies, both Huobi and Gemini are great options to consider. However, before you start trading, you'll normally need to go through a Know Your Customer (KYC) verification process.
Huobi is unique in that it doesn't require KYC from all of its users. If you're okay with the $1000 deposit limit and 0.06 BTC daily withdrawal limit, you can signup and begin buying and selling cryptocurrencies without KYC.
But for those who want to increase their limits or be able to deposit fiat currencies, they will need to complete and pass KYC verification which includes providing personal information and uploading a valid government ID. Once that has been done, it can take Huobi up to a few hours to verify the information and the account.
Gemini, on the other hand, requires KYC for all users. But the signup process is swift and only takes one minute as users just need to enter their full name, password, and country of residence. Once you've created your account, you'll need to upload your ID for verification.
The process can take a few days to process, but once completed, you'll have full trading and transfer capabilities. So If you prefer forgoing KYC, then Huobi is the better option, if you don't mind the KYC process and are looking for a more beginner friendly exchange, Gemini get's the job done.
Huobi vs Gemini 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.
In terms of financial products, Huobi offers it's users access to staking services for a wide range of cryptocurrencies and the ability to lend and borrow digital assets in order to earn interest.
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.
The average spot trading volumes on Huobi tend to range between $250 and $500 million per day and the max leverage for futures is 200X while the max leverage for margin is 100X.
Gemini offers fewer products, services and cryptocurrencies than Huobi. The platform offers spot trading for lover 100 cryptocurrencies like Bitcoin, Ethereum, Solana, Cardano, Polkadot and others.
Gemini also offers a secure wallet for storing and managing digital assets safely, and custody services which offer enhanced protection for institutional clients who want to keep their assets in secure offline storage.
Additionally, the platform has its own stablecoin called Gemini Dollar, which is pegged to the US dollar and an over-the-counter (OTC) desk, allowing users to trade large volumes of cryptocurrencies directly with other parties.
Gemini offers a very basic but slick user experience that is suitable for beginners. The exchange makes it easy to deposit fiat currencies and conduct basic buying and selling of large-cap cryptocurrencies. This is, however, not an exchange for professional traders as future products and leverage are not present.
The average daily spot trading volume on Gemini is also quite low compared to the big exchanges and tends to hover around $30 million.
HuobiYour Capital is at risk.
Your Capital is at risk.
Your Capital is at risk.
GeminiYour Capital is at risk.
Your Capital is at risk
Your Capital is at risk
KucoinYour Capital is at risk
Your Capital is at risk
Your Capital is at risk
Huobi vs Gemini Fees
When it comes to trading fees, Huobi and Gemini have some key differences. Huobi charges a spot maker fee of 0.20% and a spot taker fee of 0.20%, with a futures maker fee of 0.02% and a futures taker fee of 0.05%.
Luckily, Huobi offers fee discounts for users who trade with volumes above $10,000 or use their native HT token for trading.
On the other hand, Gemini charges a spot maker fee of 0.20% and a spot taker fee of 0.40%. And similar to Huobi, Gemini exchange also offers discounts for high volume traders with the first threshold being $10,000 traded during a 30-day period.
It's important to note that Gemini does not offer futures trading, so if that's something you're interested in, you'll want to check out other exchanges.
Overall, both Huobi and Gemini have reasonable trading fees with Huobi being more competitive than Gemini but with neither exchanges being in the top category of low cost exchanges.
HuobiYour Capital is at risk.
Your Capital is at risk.
Your Capital is at risk.
GeminiYour Capital is at risk.
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KucoinYour Capital is at risk
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Huobi vs Gemini Deposit Methods
Huobi and Gemini are both popular cryptocurrency exchanges that offer a range of fiat deposit options. Huobi supports eight fiat currencies including USD, EUR, and GBP while Gemini only supports three fiat currencies in USD, EUR, and GBP.
Fiat deposits on Huobi are only possible for EUR via SEPA (0.15% +1 EUR fee) or Skrill (2.9% +0.1 EUR fee), GBP via FSP (0.15% + 1 GBP), TRY via Advcash (free), and BRL via bank transfer (free).
Meanwhile, fiat deposits on Gemini can be made via bank transfer (ACH/Wire), debit card transfers, and PayPal for USD, EUR, and GBP. While Huobi offers fewer deposit options, their fees are generally lower than Gemini's.
For example, Huobi's SEPA deposit fee is only 0.15% with a 1 EUR fee, while Gemini's debit card transfer incurs a 3.49% fee and PayPal incurs a 2.5% deposit fee.
ACH, Wire, Debit Card, PayPal
ACH, Wire, Debit Card, PayPal
ACH, Wire, Debit Card, PayPal
HuobiYour Capital is at risk.
Your Capital is at risk.
Your Capital is at risk.
GeminiYour Capital is at risk.
Your Capital is at risk
Your Capital is at risk
KucoinYour Capital is at risk
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Huobi vs Gemini Withdrawal Methods
When it comes to fiat withdrawals, Huobi and Gemini offer different options and fees.
Huobi allows users to withdraw fiat currencies via SEPA, FSP, Advcash, Skrill, and bank transfer. However, each withdrawal method has its own fees, ranging from SEPA at 0.15% + 1 EUR fee to Skrill at 2.9% + 0.1 EUR fee. TRY withdrawals via Advcash are free, while BRL withdrawals via bank transfer are also free.
Gemini allows fiat withdrawals via bank transfer (ACH/Wire Transfer) for USD, EUR, and GBP. These withdrawals are free of charge, making it a great option for those looking to save on withdrawal fees.
When it comes to cryptocurrency withdrawals, both exchanges charge fees depending on the type of cryptocurrency being withdrawn.
For example, Huobi charges 0.0004 BTC for Bitcoin, 0.0012 ETH for Ethereum withdrawals, 0.01 SOL for Solana and 4.9 USDT to withdraw Tether USD.
Meanwhile, Gemini charges a 0.0001 BTC withdrawal fee for Bitcoin. ETH withdrawals are free, Solana withdrawals come with a 0.005 SOL fee, while USDT withdrawals have a $3 fee.
Overall, while Huobi offers more options for fiat withdrawals, Gemini stands out for its free bank transfer withdrawals. Both exchanges charge varying fees depending on the type of cryptocurrency being withdrawn with Gemini having the lower costs.
ACH, Wire, Debit Card, PayPal
HuobiYour Capital is at risk.
Your Capital is at risk.
Your Capital is at risk.
GeminiYour Capital is at risk.
Your Capital is at risk
Your Capital is at risk
KucoinYour Capital is at risk
Your Capital is at risk
Your Capital is at risk
HuobiYour Capital is at risk.
Your Capital is at risk.
Your Capital is at risk.
GeminiYour Capital is at risk.
Your Capital is at risk
Your Capital is at risk
KucoinYour Capital is at risk
Your Capital is at risk
Your Capital is at risk
Is Huobi better than Gemini?
Huobi and Gemini are two well-known cryptocurrency exchanges that cater to different needs of the global crypto community.
While Huobi offers a wide range of trading services, including spot and margin trading, futures products settled in USDT and crypto, and a range of trading bots and copy trading, Gemini provides a more focused selection of products and services for beginners and institutions. This includes a small selection of spot trading, recurring buys, staking, and Gemini Earn.
When it comes to the KYC verification process, Huobi is unique in that it doesn't require KYC from all of its users, while Gemini requires KYC for all users. And in as far as trading fees goes, Huobi is more competitive than Gemini with 0.2% spot fees compared to the 0.2-0.4% charged by Gemini.
For those that wish to deposit fiat currencies, that is possible on both exchanges with Huobi supporting eight fiat currencies, while Gemini supports eight fiat currencies as well.
Overall, both Huobi and Gemini offer different trading experiences to their users, with Huobi catering to more sophisticated traders and Gemini focusing on beginners and institutional investors.
