We are set for today’s debate tagged, “HUOBI VS BINANCE: Which is a better and safer trading exchange platform?”
I’m SoazNews, and I’ll be supporting the motion, “Huobi is a better and safer trading exchange platform than Binance,” and here are some facts to backup my claim.
Let me 🔥 down…
Huobi is one of the largest crypto exchange platforms that has been operational since 2013.
Thus far, the platform has built a rebost ecosystem which strives to empower financial freedom and create new global wealth through a new asset class.
Huobi has been a legally backed and well-known global Crypto Exchange leader. Apart from being ranked no1 globally in Liquidity provision, Huobi team has performed well in the securing of the platform, and making it easy and user friendly for traders.
Let me explain further…
On Huobi, the user-friendly interface is self explanatory to the average layman or newbie in the cryptocurrency market. The spot, markets, derivatives and balances.
In crypto exchange platforms, derivatives are vital part of finance. They’re highly complex financial instruments that professional investors use to protect their exposure to risk and volatility of asset prices. On the derivatives, you get to locate the Leveraged Tokens and Futures Trading. Then, on the spot market/section – you can trade assets with other traders in real-time. Transactions are settled immediately (ie on the spot) as soon as the buying/selling order is filled.
Adding to Huobi’s user friendliness, the exchange’s platform is available in many languages such as English, Chinese, Japanese, and other local languages. This language option provided by the platform enables users globally to be carried along.
While we take note that, Huobi has built a super-successful exchange platform, which has been operational for a long time (8yrs and counting) with great reputation, we must also remember that, security-wise, they’ve been top-notch. This is embedded with the verification processes (KYC) that users perform to enable proper security off their assets.
As an exchange platform which provides the users with custodial wallets, the Huobi’s website offers a trading-view function where users can plot or use their favorite indicators.
From my experience with the exchange platform, they offer great features for rewarding investors and traders, such as derivatives trading (supporting both futures and swap trading markets) and from every observation, this feature assist the users to maximize their profit potential.
Also, huobi supports over 390 coins/tokens, with over 900 trading pairs and the exchange’s 24-hour trading volume boosted to an estimated amount of $26 billion, according to reports on CMC (Coin Market Cap)
Huobi offers best customer support service than Binance. And to the best of my knowledge, low withdrawal limits and low leverage for margin which few users of Huobi complain are resolved by upgrading of their verification (KYC) this is to avoid any form of irregularities
Recall that, Binance being founded in 2017 (3yrs after Huobi has actively working and recognized globally), has been regulated in some countries due to certain irregularities ranging from tax evasion etc…
In conclusion, Huobi exchange due to their proven track record (offering wide variety of coins to trade across many markets), their impressive team/customer service, lucrative features and user friendly webpage and mobile app, many users choose to place their funds and trust with the company, and this is the reason Huobi is better and safer trading exchange platform than Binance.
Let me give room to my co-debator, Damola by name.
Thank you for give me the providence. My name is Damola, and I am here to defend the motion which said huobi exchange is better than Binance Exchange.
Let go why binance is more better and safer trading exchange platform ;
First what is Binance?
Binance is a cryptocurrency exchange platform which provides an ideal environment to trade over 300 cryptocurrencies.
According to coinmarketcap, the platform is currently the largest crypto to crypto exchange platform worldwide, in terms of the trading volume. Binance has its cryptocurrency token known as the Binance Coin (BNB). This can be used to access the platform’s apps, services and also to trade against other cryptocurrency coins.
Binance is a cryptocurrency exchange that allows you to trade over 300 hundreds of digital currencies from the comfort of your home. Launched in 2017 – the platform also offers brokerage services – meaning that you can buy cryptocurrency directly with a debit/credit card or bank account transfer.
The platform was developed in 2017 by two co-founders namely Changpeng Zhao and Yi He. Both were previous employees of OKCoin, where they held executive positions. They left OKCoin to create Binance, a cryptocurrency platform whose operations were mainly based in China. The name ’Binance’ was derived from a combination of binary and finance. These two words summarize the functions of the platform.
In just four years of operation – Binance is now the largest digital currency exchange globally. In fact, the platform is home to more than 100 million active users and in the month of May 2021 alone – facilitated $2.4 trillion in trading volume.
Binance offers services around the trading, listing, fundraising, and de-listing or withdrawal of cryptocurrencies. Cryptocurrency enthusiasts willing to launch their own tokens can use Binance for raising funds through initial coin offerings (ICOs). Binance is used by a large number of traders and participants for exchanging and investing in various cryptocurrencies.
Binance is having a lot of servies to they user than Huobi. They’re as follows…
- Binance Savings Accounts.
- Binance Visa Card.
- Binance Loans
- Staking, etc…
You can used your binance account to pay for your hotels. And Binance give loan to they uses, As low as 0% daily interest rate when borrowing Busd and Cake while Huobi didn’t do that to they uses
1.Binance is an online exchange where users can trade cryptocurrencies. It supports most commonly traded cryptocurrencies.
2.Binance provides a crypto wallet for traders to store their electronic funds.
3.The exchange also has supporting services for users to earn interest or transact using cryptocurrencies. It also offers programs for miners and to help traders make investment decisions.
4.Binance has its own blockchain based token, Binance Coin (BNB)
5.Binance Depost No *limit and Withdrawal with Full verified is 100Btc day that is 6076167.00Usdt.
6.Tranding fee is Flat 0.10% while Deposit is Free.
7.When withdrawal fee is just 0.0005Btc that is 30usdt
With all my point, that means Binance exchange is more more better and safer platform than Huobi.