Bitstamp VS Huobi: A Deep Dive Into Trading Fees And Features

As part of an ever-growing community of crypto enthusiasts, traders need to select the right exchange platform to maximise their returns. This article aims to guide traders, especially those in the UK, through a side by side comparison of two popular crypto-trading platforms- Bitstamp and Huobi.

Overview of Bitstamp and Huobi

Bitstamp, one of the oldest cryptocurrency exchanges, offers a safe and easy way of trading a variety of cryptocurrencies. On the other hand, Huobi, another major player in the crypto trading landscape, is known for its high liquidity and a vast array of cryptos. Both platforms are renowned and trusted but differ in features and fee structures.

Trading Fees: Bitstamp vs Huobi

One key difference between Bitstamp and Huobi lies in their trading fee structures. Let’s delve into it:

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Bitstamp operates on a volume-based trading fee model, with fees ranging from 0.25% for volumes less than $20,000 to 0.10% for volumes exceeding $20 million.
Huobi, in contrast, uses the tiered maker-taker model. The fees decrease as trading volume increases, starting from 0.20% for both maker and taker. VIP members can access reduced fees, going as low as 0.016%.

Trading Features: Bitstamp vs Huobi

While fees are crucial, trading features are equally important when choosing your trading platform.

Bitstamp provides advanced trading views with real-time insights and an instant buy/sell method for an effortless trading experience. They also ensure top-notch security using multi-sig technology and two-factor authentication.
Huobi provides a user-friendly interface, 24/7 customer service, and a wide range of trading tools. They also ensure security with their Huobi Security Reserve, aiming to fully compensate users in case of security breaches.

Bitstamp and Huobi – Compared to Other Platforms

How do Bitstamp and Huobi stand against other popular platforms like Coinbase and Zignally?

While Coinbase boasts a user-friendly interface and high liquidity, its trading fees (1.49% to 3.99%) are significantly higher than Bitstamp and Huobi, making the latter more favourable to regular traders.
Zignally, on the other hand, is a crypto trading bot service more than a conventional exchange. It offers a range of automated trading bots but lacks the control and variety offered by Bitstamp and Huobi.

Conclusion

The choice between Bitstamp and Huobi largely depends on the trader’s requirements. Those leaning towards lower fees might prefer Bitstamp, whilst traders looking for a vast array of coins might lean towards Huobi. With this guide, traders in the UK can make an empowered decision in their quest for crypto trading success.