Binance and HTX Global are among the leading cryptocurrency exchange platforms on the market. Both platforms offer a wide range of high-quality services to crypto enthusiasts around the world.
Let’s take a look at Binance vs HTX Global and compare the two platforms.
About the Exchanges
Binance
Binance is the undisputed number one crypto exchange platform in the world by market cap and trading volume. The platform was launched in 2017 and thanks to its wide range of trading options, huge selection of cryptocurrencies, and low fees, Binance quickly became the leading crypto trading platform on the market.
Users have classic instant trading, spot trading, and margin trading at their disposal. The platform also deals with various types of crypto derivatives, futures contracts, and even has an NFT marketplace.
Binance supports a multitude of payment options, from bank account transactions, debit cards, and credit cards all the way to local payment gateways and popular payment service providers. Users can trade more than 600 digital currencies.
HTX Global
HTX Global was launched in 2013, with a special focus on the Asian crypto market. However, the exchange is also available in numerous additional global regions.
HTX Global provides much more than just spot trading and crypto-swapping services. Users have hundreds of trading pairs at their disposal, with more than 400 coins and tokens. The platform also supports margin trading, derivatives, and futures contracts for traders with a high-risk appetite.
The trading fees on HTX Global are at the lower end of the industry’s average fees, and users can pay for crypto or fund their accounts through various payment methods, such as bank transfers, payment cards, and third-party payment providers.
Pros and Cons
Binance Pros
- The largest cryptocurrency exchange platform on the market.
- Supports more than 600 coins and tokens.
- Low platform fees.
- Numerous crypto staking options.
- Binance NFT market.
- Great selection of advanced trading features.
Binance Cons
- Non-regulated exchange.
- The customer support can be better.
HTX Global Pros
- 400+ cryptocurrencies.
- Supports both beginner and advanced trading features.
- Low trading fees.
- Supports crypto staking.
- Has its own trading bot for automated trading.
HTX Global Cons
- Isn’t regulated.
- The mobile app is known to have some bugs.
Binance vs HTX Global: The Crypto Exchange Comparison
Opening an Account
Opening a Binance account is really easy:
- Go to the Binance landing page and click on the Register button to get started.
- Choose a registration method from the following options: phone number, email, Apple account, or Google account.
- If you choose phone or email, you’ll need to provide the platform with your phone number or email address.
- In case you have a referral code, you can use it in the registration phase to unlock your Binance welcome bonus.
- You’ll have to create a password to protect your account from unauthorized access.
- Finally, agree with the terms of service and proceed to create your account.
- Once created, you’ll receive a text message or email message with a confirmation code to activate your Binance account.
- Enter the code, and you’re ready to start trading on Binance.
Follow these steps to create a HTX Global trading account:
- The first thing you need to do is to go to HTX Global and navigate to the Register option in the top right corner of the screen.
- The registration options include email and phone number registration.
- Once you choose the registration method, provide the platform with your email address or phone number and proceed to create your account password.
- You’ll also need to select your country of residence.
- If you got a referral code, enter it in the appropriate field.
- Agree with the privacy policy and the user agreement document.
- Click on Register to create your HTX Global account.
- You need to activate your account now. The platform will send you an activation code to your phone or email address, depending on your chosen registration method.
- Once you’ve entered the code, your account is active, and you can start using HTX Global.
Main Features
Binance set the standard for cryptocurrency exchange platforms on a very high level. That’s because users can do a lot of things on the platform besides classic spot trading. The platform has quick trading options for beginners who wish to quickly buy or sell crypto with more than 20 fiat currencies. More experienced users have the Binance spot trading interface at their disposal.
The interface comes with a detailed price chart, a list of available trading pairs, an order book, multiple order types, technical analysis tools, and a list of your active orders. The trading interface looks the same for margin trading. Additionally, Binance supports various types of crypto derivatives and futures contracts, including perpetual or quarterly contracts settled in Binance USD (BUSD), Tether (USDT), or selected altcoins.
The platform also supports peer-to-peer trading, over-the-counter (OTC) trading, and dozens of crypto staking options. Binance recently launched its own Binance Visa debit card for selected global regions, which allows users to spend crypto anywhere Visa cards are accepted. On top of this, the platform also has an NFT marketplace with lots of trending collections.
HTX Global unites all essential trading features within a single platform. Beginners can engage in instant trading with more than 30 fiat currencies, while more experienced users have spot trading and margin trading at their disposal. HTX Global has a classic trading interface with all the essentials for implementing advanced trading strategies, such as a detailed price chart, loads of technical analysis tools, an order book, and multiple order types. For traders looking to automate their operations, HTX Global has a popular crypto trading bot.
The platform also has a great selection of crypto derivatives, including contracts settled in USDT and altcoins, along with futures contracts. The HTX Global Earn section provides users with various crypto staking options, while the Finance section has a crypto loaning option for users looking to borrow crypto.
Supported Cryptocurrencies
Binance has a great selection of more than 600 crypto coins and tokens. If you’re looking for cryptocurrencies from the top 100 coins, according to CoinMarketCap, you’ll find almost everything except USD Coin (USDC) and a few others.
Supported cryptos include BNB (BNB), Bitcoin (BTC), Bitcoin Cash (BCH), Avalanche (AVAX), Fantom (FTM), Decentraland (MANA), Gala Games (GALA), Ethereum (ETH), Ripple (XRP), PancakeSwap (CAKE), UniSwap (UNI), Dogecoin (DOGE), and hundreds of less popular cryptocurrencies.
Due to the fact that Binance has its own Binance Chain network that supports thousands of native cryptos or BEP-20 tokens, there are a bunch of micro-cap Binance Chain-based cryptocurrencies on the exchange. Additionally, Binance doesn’t need to obtain trading licenses for each crypto they list because they’re an unregulated platform. That’s why Binance can list any crypto they wish on the platform.
HTX Global also supports a huge number of over 400 cryptocurrencies. When it comes to the top 100 cryptocurrencies, HTX Global supports most of them except some of the tokens issued by competitor exchanges. Unlike Binance, HTX Global supports the USDC stablecoin. Similarly to Binance, HTX Global is also unregulated, and the platform can freely list any cryptocurrencies in line with user demand.
Payment Methods
Binance allows users to pay for crypto through various payment channels directly or deposit fiat currency into their Binance account and spend it on crypto afterward. The platform supports numerous fiat currencies, such as USD, CAD, GBP, EUR, and others. The easiest way is to buy crypto with a credit card or a debit card, but this method incurs somewhat higher fees.
Other payment methods include classic bank account transfers and payment service providers like Google Pay and Apple Pay. Binance also supports third-party payment providers like Banxa and Simplex. If you choose the peer-to-peer (P2P) trading feature, you’ll be able to choose between more than 100 payment options.
HTX Global quick crypto purchases with bank cards for users looking to purchase crypto fast. However, you can also deposit fiat currency into your platform account through a bank transfer and then gradually spend it while trading. HTX Global supports more than 30 global fiat currencies. The platform’s P2P trading feature supports dozens of payment processors, such as Google Pay, PayNow, Transferwise, and others.
Trading Fees and Limits
One of Binance’s key advantages over competitors are its low trading fees. The standard trading fee is 0.1% for most investors, however, your fees can drop further if you have a huge monthly trading volume of over one million USD.
If you’re holding a certain amount of the platform’s native BNB coins, you’ll get an additional fee discount. Most investors don’t incur any withdrawal limits because the daily limit is 8 million USD, which is far beyond the needs of most users.
HTX Global has low fees compared to many competitors, but the fees are still twice as high compared to Binance. The standard HTX Global trading fee is 0.2% for users with a monthly trading volume below 1,000 BTC. However, users can get serious fee discounts if they are holding a certain amount of HTX Tokens (HT) in their account.
For example, if you’re holding between 10 and 100 HT in your account, you’ll get a 20% discount, which amounts to a 0.16% trading fee. The daily withdrawal limit on HTX Global is 5 BTC worth of assets for Level 1 accounts, while Level 2 and Level 3 accounts have a 200 BTC daily withdrawal limit.
How Safe Are Binance and HTX Global?
Binance isn’t regulated by reputable financial institutions, meaning that in case of unfortunate events, such as a massive hack or bankruptcy, platform users aren’t protected by the law.
In terms of platform security, Binance has high-quality safety measures. All of the platform data and user information is encrypted, user accounts are protected by passwords, and you can set up two-factor authentication (2FA) as an additional protection layer for every transaction.
Binance was never hacked, but the Binance Chain, which is connected to Binance, was subject to a massive hack in 2022. The hack resulted in more than 500 million USD worth of stolen crypto.
HTX Global also uses password protection, 2FA, and website encryption to protect the platform for cyber attackers. The platform also has 20,000 BTC worth of assets in an emergency security fund in case of major hacks to reimburse affected users.
As far as the platform’s regulatory status is concerned, HTX Global is an unregulated exchange platform, which is why it can’t operate in some regions, such as the US and Singapore, which have strict crypto regulations. When it comes to hacks, HTX Global has a clean security record.
Customer Support
Customer support is where Binance can definitely improve its services. Users can contact the support team through email or by filing a support ticket. Unfortunately, many users report slow customer support time and unresponsiveness.
The situation is similar with HTX Global in terms of long waiting periods and an unresponsive support team when contacted by email or a support ticket. However, HTX Global also has a live chat support feature. This option is much better than submitting a support ticket or sending an email because the support team promptly responds to live chat users.
Mobile Trading
Binance has one of the best mobile apps for iOS and Android operating systems on the crypto market. The mobile app successfully integrates all of the platform’s features within a single app. You can engage in spot, margin, futures, and derivatives trading while on the go. All of the Binance payment methods and services, such as crypto staking, crypto loans, the NFT marketplace, and educational resources, are available on the mobile app.
The only issue with the app is that the trading interface overview is of lower quality than the browser version of the platform. However, this is more a result of small mobile screens that make it complicated to use the trading interface.
HTX Global also has a mobile app that provides users with easy access to all of the exchange platform’s features. However, there have been numerous reports of app bugs, especially during the account creation and verification process. If you use HTX Global, it’s better to create an account and activate it through the browser version of the platform.
Besides these bugs, the HTX Global app is well-designed, and the trading interface is a bit simpler to use compared to the Binance app.
How Do Binance and HTX Global Compare to Other Crypto Exchanges
Binance and HTX Global cover an identical scope of features and services, so it’s best to compare them simultaneously to other platforms on a similar level.
The most notable competitors include Gate.io, KuCoin, and OKX. These platforms all support spot trading, margin trading, derivatives, and futures contracts, which are the key trading segments of Binance and HTX Global. The mentioned platforms have similarly low trading fees to Binance and HTX Global, but Binance definitely has the lowest fees of them all.
All of the mentioned platforms support hundreds of cryptocurrencies, except for Gate.io, which is the absolute winner when it comes to crypto selection since it supports more than 1,400 coins and tokens, along with over 2,500 trading pairs.
In terms of security, both Binance and HTX Global are better than KuCoin, which has a nearly 300 million US dollar hack in its history. OKX also suffered a multimillion-dollar hack at one point, as well as Gate.io, hacked a few years ago, although the hack was much smaller in terms of fiat value compared to OKX and KuCoin.
Conclusion
Binance and HTX Global really deserve their spots on the top list of more than 500 global crypto exchanges. Both trading platforms offer a multitude of services and additional features besides crypto trading, and they both have millions of satisfied users.
The only reason why Binance is ultimately a better platform is because of its technically superior mobile app, lower fees, and the broader selection of digital currencies.