Huobi vs Kucoin | Which Exchange Is Cheaper & Better?

Moving on to products and services offered, Huobi offers a very large set of trading features such as spot trading, futures (settled in USDT & crypto), margin trading, trading bots, European & American style options sand copy trading.

The average spot trading volumes on Huobi tend to range between $250 and $500 million per day, which is decent. In terms of leverage, the max leverage on Huobi for futures is 200X while the max leverage for margin is 100X.

Huobi also offers additional financial products such as lend & borrow, staking opportunities and their own NFT marketplace.

In terms of the user experience, the interface on Huobi has gotten a facelift and is now more easy to use. The exchange offers a wide range of services targeting both beginners and more sophisticated traders.

Kucoin has evolved into a full-fledged crypto service provider now standing shoulder to shoulder with the biggest exchanges in the world.

The core of Kucoin's services is its spot trading where users have the opportunity to buy and sell a diverse range of over 700 cryptocurrencies and altcoins.

What makes Kucoin stand out is that it is regularly adding new and often hard-to-find altcoins, making it a go-to platform for those who want to invest in lesser known coins.

For traders looking to amplify their potential gains (or losses), Kucoin offers margin trading with up to 10X leverage. This means traders can borrow funds to increase their trading position, either going long or short on over 100 cryptocurrencies.

This feature includes the flexibility of choosing between cross or isolated margin, tailoring to different risk preferences. Further expanding its trading options, Kucoin provides futures trading with a selection of over 250 tradable futures contracts.

This includes diverse products like USDT and USDC margin contracts, as well as Coin-margin contracts and grid bots which are automated trading strategies that execute buy and sell orders at predefined price intervals.

For those with a high-risk appetite, aka the degens the crypto community, Kucoin offers the option to take up to 125X leverage.

Kucoin also caters to traders who prefer less risky leveraged positions through leveraged tokens. These tokens allow users to take long or short positions with smaller leverage ranging from 2-4X, without the complications of loans or the risks of liquidations.

Automation in trading is another area where Kucoin shines. The platform offers a variety of trading bots, including spot grid, futures grid, martingale, smart rebalance, infinity grid, and Dollar-Cost Averaging (DCA).

These bots facilitate different trading strategies, catering to both novice and experienced traders.

In terms of trading volumes, Kucoin has established a strong foothold, currently ranking in the top 20 for spot trading with a significant $1 billion in 24-hour trading volume, and over $2 billion in futures trading volume.

Beyond trading, Kucoin has developed multiple earn products for those interested in earning yield on their digital assets.

This section includes options like earn savings, staking, and dual investments, providing various ways to generate passive income from crypto holdings.

On the staking front, Kucoin offers rewards for a wide range of popular blockchains, including Ethereum, Solana, Cosmos, Polkadot, Injective, and many others.

Embracing the trend of supporting new crypto projects, Kucoin has launched its own launchpad (Spotlight) where users can access new and exciting token launches.

For NFT enthusiasts, Kucoin has introduced its dedicated NFT marketplace called Wonderland. Here, users can buy and sell NFTs on the KCC blockchain and Polygon, with plans to expand support to other blockchains like Ethereum, BSC, and SLP.

Lastly, addressing the growing demand for non-custodial trading options, Kucoin has launched the Halo Wallet. This Web 3 wallet, available for mobile download or as a Chrome extension, offers a secure, decentralized way for users to manage their digital assets.