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Kraken vs. Huobi: a comparison comparison comparison
The world of cryptocurrency exchange is a fast -evolving landscape, with new daily emerging players and consecrated institutions constantly innovating and improving their offers. Among the many available options, two of the most popular and widely used are Kraken and Huobi. While both platforms have their strengths and weaknesses, it is essential to understand their differences before making a knowledgeable decision on which it suits your needs.
Kraken’s general presentation
Kraken is a digital currency exchange founded in 2011 by Jesse Powell, who was formerly CEO of Bitwise Capital. The platform offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin and many more, as well as Fiat coins such as US dollars and euros. Kraken is known for its robust security features, easy to use interface and competitive trading fees.
Huobi’s general presentation
Huobi is another popular exchange of cryptocurrency founded in 2014 by Changpeng Zhao (CZ), which also established Binance, the largest exchange of cryptocurrencies in terms of trading volume. Huobi offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin and many more, as well as Fiat coins such as US dollars and euros. Huobi is recognized for its advanced technology, low taxes and a wide range of services.
Comparison of Kraken and Huobi
Below is a comparison comparison of the two platforms:
Security
| Characteristic | Kraken | Huobi |
| — | — | — |
| Security measures | Authentication with 2 factors, encryption, cold storage | Authentication with 3 factors, wallets with multiple signatures, insurance coverage up to $ 5 million |
| Protection against data violation Full violation protection policy | Security measures with multiple layers
Kraken has a more robust security frame, with features such as 2 factors authentication and cold storage. Huobi’s security measures are just as impressive, but the platform also provides additional benefits, such as data violation protection.
Taxes
| Tax structure | Kraken |
| — | — |
| Trading charges | $ 0.10 – $ 5 on trade (according to market)
| Withdrawal fees | Free
| Liquidity fees | $ 1.50 (purchase), 0.20% (sale) |
| Deposit fees | $ 2.99 up to $ 4.99 (depending on the warehouse method and size)
Kraken’s trading fees are competitive, with a wide range of payment methods available for deposits and withdrawals.
Customer Support
| Method | Kraken | Huobi |
| — | — | — |
| Live Chat Support | Support 24/7 | Live chat support in multiple languages
| Support by E -Email | Available | Available |
Kraken offers more complete assistance for customers, with 24/7 Live Chat Support. Huobi customer assistance is also available through several channels.
Features of the platform
| Characteristic | Kraken | Huobi |
| — | — | — |
| Mobile application | Yes (iOS and Android) | Yes (iOS and Android) |
| Trading interface | Easy intuitive design | Modern, customizable interface |
Both platforms have easy -to -use trading interfaces, but Kraken’s mobile application is a little more polished.
Compliance of Regulatory
| The status of regulation | Kraken | Huobi |
| — | — | — |
| Regulation | Completely according to American regulations (SEC) and GDPR EU | According to the multiple regulatory organisms (for example, BCPA) |
Kraken has a stronger conformity record, especially in the United States. However, both platforms comply with the regulatory requirements.
Trading volume
| Trading volume | Kraken |
| — | — |
| Market capitalization $ 10 billion+ |
| Daily trading volume | Over 100 million transactions per day
Both Kraken and Huobi have large trading volumes, but Kraken’s market capitalization is significantly higher.
