Kraken vs. HUOBI: A comprehensive exchange comparison
The world of cryptocurrency exchange is a rapid evolution landscape, with new players that emerge daily and established institutions that constantly innovate and improve their offers. Among the many available options, two of the most popular and widely used exchanges are Kraken and Huobi. While both platforms have their strengths and weaknesses, it is essential to understand their differences before making an informed decision about which adapts to their needs.
Kraken General Description
Kraken is an exchange of digital currency founded in 2011 by Jesse Powell, who was previously CEO of Bitwise Capital. The platform offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin and many others, as well as fiduciary currencies such as US dollars and euros. Kraken is known for its solid safety features, easy -to -use interface and competitive commercial rates.
GENERAL DESCRIPTION OF HUOBI
Huobi is another popular cryptocurrency exchange founded in 2014 by Changpeng Zhao (CZ), who also established Binance, the greatest exchange of cryptocurrencies in terms of negotiation volume. Huobi offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin and many others, as well as fiduciary currencies such as US dollars and euros. Huobi is recognized for its advanced technology, low rates and a wide range of services.
Comparison of Kraken and Huobi
Below is a complete comparison of the two platforms:
Security
| Characteristic | Kraken | Huobi |
| — | — | — |
| Security measures | 2 factors authentication, encryption, cold storage | Authentication of 3 factors, multiple signature wallets, insurance coverage of up to $ 5 million |
| Data violation protection | Comprehensive Failure Protection Policy | Several layer safety measures |
Kraken has a more robust security framework, with characteristics such as authentication of 2 factors and cold storage. Huobi security measures are equally impressive, but the platform also offers additional benefits such as data violation.
Fees
| Rate structure | Kraken |
| — | — |
| Commercial rates | $ 0.10 – $ 5 per operation (depending on the market)
| Retreat Rates | Free
| Liquidity rates | $ 1.50 (purchase), 0.20% (sale) |
| Deposit rates | $ 2.99 to $ 4.99 (depending on the method and size of deposit) |
Kraken commercial rates are competitive, with a wide range of payment methods available for deposits and withdrawals.
Customer service
| Method | Kraken | Huobi |
| — | — | — |
| Live chat support | 24/7 support | Live chat support from several languages |
| Email support | Available | Available |
Kraken offers more comprehensive customer service, with live chat assistance 24/7. Huobi customer service is also available through multiple channels.
Characteristics of the platform
| Characteristic | Kraken | Huobi |
| — | — | — |
| Mobile application | Yes (iOS and Android) | Yes (iOS and Android) |
| Commercial interface | Easy to use intuitive design | Modern and customizable interface |
Both platforms have easy to use commercial interfaces, but Kraken’s mobile application is a bit more polished.
Regulatory compliance
| Regulation state | Kraken | Huobi |
| — | — | — |
| Regulation | Fully compatible with US regulations (SEC) and EU GDPR | It meets multiple regulatory bodies (for example, BCPA) |
Kraken has a stronger compliance history, particularly in the United States. However, both platforms adhere to regulatory requirements.
Commercial volume
| Commercial volume | Kraken |
| — | — |
| Market capitalization | $ 10 billion+ |
| Daily trade volume | More than 100 million trades per day |
Both Kraken and Huobi have large commercial volumes, but Kraken’s market capitalization is significantly higher.
