Kraken vs. Huobi: Comparison of exchange
The world of cryptocurrency exchange is quickly developing a landscape, and new players appear daily and established institutions constantly innovate and improve their offer. Among many available options are the two most popular and most commonly used exchanges of Kraken and Huobi. Although both platforms have their strengths and weaknesses, it is crucial to understand their differences before making an informed decision on what suits your needs.
Review of Kraken
Kraken is an exchange of a digital currency founded by Jesse Powell in 2011, which was previously the executive director of Bitwise Capital. The platform offers a wide spectrum of cryptocurrencies, including Bitcoin, Ethereum, Litecoin and many others, as well as Fiat currency such as US dollars and euros. Kraken is known for its robust security features, a user interface and competitive trade fees.
Review of the Huobi
Huobi is another popular cryptocurrency exchange founded in 2014 by Changpeng Zhao (CZ), which also founded binans, the largest exchange of cryptocurrencies in terms of trading volumes. The Huobi offers a huge downstairs currency, including Bitcoin, Ethereum, Litecoin and many others, as well as Fiat currency such as US dollars and euros. Huobi is recognized for its advanced technology, low fees and a wide range of services.
Comparison of Kraken and Huobi
Below is a comprehensive comparison of two platforms:
security
| Feature | Kraken | Huobi |
| — | — | — |
| Security measures | 2-factor authentication, encryption, cold storage | 3-factor authentication, multi-signing wallets, insurance insurance up to $ 5 million |
| Data Protection | Comprehensive Policy Protection against violation | Multi -layered security measures |
Kraken has a more robust safety frame, with features such as authentication with 2 factor and cold storage. Huobi’s safety measures are equally impressive, but the platform also offers additional advantages such as protection of data violation.
fees
| Compensation structure | Kraken |
| — | — |
| Trade fees | 0.10 – $ 5 per trade (depending on the market)
| Withdrawal fees | Free
| Liquidity fees | $ 1.50 (shopping), 0.20% (sell) |
| Deposit fees | $ 2.99 to $ 4.99 (depending on the method and size of the deposit) |
Kraken trading fees are competitive, with a wide range of payment methods available for deposits and withdrawal.
User support
| Method | Kraken | Huobi |
| — | — | — |
| Live Chat Support | 24/7 Support | Support for more Live Chat language language |
| Support for E -Cost | Available | Available |
Kraken offers more comprehensive user support, with the help of 24 hours a day chat. Huobi’s user support is also available through multiple channels.
Platform features
| Feature | Kraken | Huobi |
| — | — | — |
| Mobile app | Yes (ios and Android) | Yes (ios and Android) |
| Trading interface | User, intuitive design | Modern, adaptable interface |
Both platforms have user trading interfaces, but Kraken’s mobile app is a little polished.
prescribed compliance
| Regulations Status | Kraken | Huobi |
| — | — | — |
| Regulation | Completely in accordance with US regulations (sec) and EU GDPR | In accordance with multiple regulatory bodies (eg BCPA) |
Kraken has a stronger reconciliation record, especially in the United States. However, both platforms adhere to regulatory requirements.
Supetan trade
| Trading volume | Kraken |
| — | — |
| Market capitalization | 10 billion dollars+ |
| Daily Trading Volume | Over 100 million crafts a day |
Both Kraken and Huobi have large quantities of trading, but Kraken market capitalization is much higher.