BEST CRYPTO EXCHANGES
In a hurry?
The best Huobi alternative in 2023, as found in our independent testing, is Pionex!
Looking for a Huobi alternative?
We’ve got you covered.
Cryptocurrency exchanges are intermediary platforms where traders can buy, sell, or exchange cryptocurrencies for other assets.
For example, your $100 can be used to buy Bitcoin of equivalent value through the platform, or if you have Ethereum coins worth $100, you can exchange it for Bitcoin of the same worth.
Cryptocurrency exchanges earn money from the transaction fees and commissions during the exchanges.
Cryptocurrency exchanges are distinguished as below:
- Peer-to-peer exchange
- Retail or Centralized exchange
- Decentralized exchange
- Instant exchanges
- Derivate exchange
This review article discusses the best Houbi alternatives you can choose instead of the Huobi.com cryptocurrency exchange.
Huobi is a Singapore-based Cryptocurrency exchange that concentrates on derivatives trading, spot trading, crypto loans, crypto yield products, staking, etc.
It allows ICO tokens and defines itself as a “digital asset exchange.”
However, the platform is not at all beginner-friendly, and it asks for lengthy registration procedures. It doesn’t support Fiat deposits and withdrawals.
Huobi operates in Seychelles as an unlicensed entity by which it faces restrictions on many countries.
If you are trying to find out the best alternatives for Huobi, we can provide you with the most popular cryptocurrency exchange options available.
Let’s look at the best Huobi alternatives to try in 2023.
6 Best Huobi Alternatives in 2023
1. Pionex
Pionex is the top cryptocurrency exchange in our list of best Huobi alternatives in 2023.
Pionex, founded in 2019, utilizes specialized trading auto bots that help people perform trading without fearing human errors and lags.
Pionex has more than 100 experts who support the customers in using the platform.
Based on Expert reviews, Pionex is considered one of the world’s rapidly-growing crypto trading platforms. According to recent stats, more than 100,000 customers use the Pionex service for trading.
The major attraction of Pionex is its free, integrated trading bots that need no extra modifications to perform trading 24/7.
- Price: FREE
- Types of Bots: Arbitrage Bot, Grid Trading Bot, Copy Trading, Social Trading, Martingale Bot, Spot-Futures Arbitrage Bot, Rebalancing Bot, DCA, etc.
- Supported Exchanges: Huobi, Binance, Pionex
- Mobile App: iOS & Android
Advantages of using Pionex
Pionex platform uses auto bots for trading. It doesn’t ask for deep tech knowledge to manage trading bots.
Some of the major advantages of using Pionex that makes it better than Huobi in 2023 are:
- Traders can perform Human-emotionless trading based on data.
- Faster transactions, 24/7 trading. Pionex can avoid human errors.
- It is best for lower-risk investment.
- More than $30 million market trade volume achieved per day.
Cryptocurrencies Available on Pionex
More than 250 Cryptocurrencies are present on the Pionex platform. Some of the popular Cryptocurrencies on the Pionex platform are:
- Ethereum(ETH)
- Bitcoin(BTC)
- Tether(USDT)
- Dogecoin(DOGE)
- Litecoin(LTC)
- USD Coin(USDC)
Pros and Cons of using Pionex
2. eToro
eToro was established in 2007 as one of the early members in the Crypto exchange world. The platform currently serves various features in 140 countries and has more than 20 million customers.
It offers stocks, forex trade, commodities and plans to expand its territory to more areas. Hence eToro is definitely one of the best alternatives for Huobi in 2023.
eToro was the first of its kind that offered social trading in 2010, which gained wide popularity among traders.
It introduced several advanced features to the platform for advanced traders, and at the same time, its CFD (Contract For Difference) was beginner-friendly.
Advantages of using eToro
In 2020, the company created a market value of $2.5 billion. It was close to $800 million in 2018.
eToro has plenty of advantages and can be used as an alternative for Huobi in 2023. Some relevant advantages include:
- eToro has a commission-free policy.
- The market value of eToro tripled in 2 years.
- It has registered offices in the UK, US, Cyprus, and Australia.
- Extensive customer support via email and helpdesk tickets.
- It provides a special chat option for eToro club members.
Cryptocurrencies Available on eToro
More than 43 Cryptocurrencies can be traded using the eToro exchange. Some of the in-demand Cryptos on the platform in 2023are:
- Dogecoin (DOGE)
- Bitcoin Cash (BCH)
- Bitcoin (BTC)
- Litecoin (LTC)
- Ethereum (ETH)
- Stellar Lumen (XLM)
- Chainlink (LINK)
- Cardano (ADA)
Pros and Cons of using eToro
3. Uphold
Established in 2015, Uphold is the third-best Huobi alternative crypto platform on our list in 2023.
It was introduced as a multi-asset digital currency platform that allows customers to exchange money internationally.
The headquarters of the company is in New York. It has several branches, including London, Shanghai, Bragg, San Fransico, etc.
Uphold is a “buy and hold” trading platform. It allows users to view one asset at a time.
When compared with its peer competitors, Uphold allows its customers to buy US equities, precious metals, etc., along with Cryptocurrency.
Advantages of using Uphold
Uphold is good for beginners since the application provides an easy buying process and has educational content regarding crypto assets. Uphold is reliable and versatile for trading.
Let’s get into the Uphold crypto exchange advantages.
- Cloud Computing-based platform enables customers to move, convert and transfer cryptocurrencies from other users anywhere.
- It has completed over $4 billion in transactions.
- Uphold has branches in 184 countries and its services are available in most US states.
- Users can trade across currencies without converting their assets back to money.
Cryptocurrencies Available on Uphold
The Crypto exchange platform has a collection of 76 digital currencies, including majors, emerging tokens, alt-coins, and stablecoins.
Let’s look at some of the popular crypto coins available on Uphold platform.
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Litecoin (LTC)
Pros and Cons of using Uphold
4. Binance
Binance is the fourth favorite exchange in our list of best Huobi alternative sites in 2023. When China banned Cryptocurrency exchanges, Binance moved to Japan.
Now, Binance has its holding company located in the Cayman Islands. Changpeng Zhao founded the Binance cryptocurrency exchange in 2017 in China.
It is one of the largest crypto exchange platforms in the world based on the daily trading volume.
Advantages of using Binance
Binance is trying to set up headquarters in different countries; however, it has received negative customer feedback due to certain regulatory issues.
- More than 400 cryptocurrencies are available for trade on the Binance exchange.
- It supplies various order types: stop order, limit order, stop-market order, stop-limit order, and trailing stop order.
- Binance cryptocurrency exchange is available in more than 180 countries.
Cryptocurrencies Available on Binance
Even though Binance offers around 400 cryptocurrencies in its exchange, around 65 are only available in the US for trade.
Binance platform provides various options based on customer location. Let’s find out some of the top cryptocurrencies available in Binance:
- Litecoin (LTC)
- Cosmos (ATOM)
- VeChain (VET)
- Dogecoin (DOGE)
- Bitcoin (BTC)
- Ethereum (ETH)
Pros and Cons of using Binance
5. Coinbase
Coinbase is the next choice that can be used as a great alternative for Huobi in 2023. It is a decentralized platform launched in 2012 and supports hundreds of Crypto coins.
The San Francisco located Coinbase is known as the largest cryptocurrency exchange in the world.
It has about 73 million customers in more than 100 countries and more than 115,000 ecosystem partners.
Advantages of using Coinbase
Coinbase Pro features access to additional features and order types to users. It offers support for almost 9,000 financial institutions.
- Coinbase has a simple and user-friendly interface.
- Coinbase has more than 98 million users.
- Allows customers to trade using more than 100 varieties of cryptocurrencies.
- Plenty of features is available in the platform that can support traders in analyzing the market and making quick decisions about investments easily.
- Coinbase possesses more than $255 billion in assets.
Cryptocurrencies Available on Coinbase
According to recent stats, Coinbase has more than 130 cryptocurrencies. Let’s check the top cryptocurrencies offered on the Coinbase platform.
- Bitcoin (BTC)
- Shiba Inu (SHIB)
- Litecoin (LTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Algorand (ALGO)
- Polkadot (DOT)
- Bitcoin Cash (BCH)
- Uniswap (UNI)
- Chainlink (LINK)
- Stellar Lumens (XLM)
- USD Coin (USDC)
- Polygon (MATIC)
Pros and Cons of using Coinbase
6. Coinmama
The last choice on our Crypto exchange list of best Huobi alternatives in 2023 is Coinmama.
The Cryptocurrency exchange is not so famous as Binance or Coinbase in the market; however, it is used by 3 million traders from more than 190 countries and is considered one of the biggest exchanges globally.
It was established in Israel and is currently headquartered in Ireland. The company was launched in 2013 by Laurence Newman, Nimrod Gruber, and Ilan Schuster.
Coinmama has more than 3 million users worldwide, and its service is available in more than 190 countries, including 48 US states.
Coinmama regularly updates its crypto-list and supports alternative payment methods.
Advantages of using Coinmama
Coinmama was launched in 2013 by Laurence Newman, Nimrod Gruber, and Ilan Schuster. It updates its coin list regularly and is a favorite choice for traders.
We shall check some of the Coinmama advantages that make it a Huobi alternative in 2023:
- One of the first crypto exchanges that support Bitcoin purchases using debit and credit cards.
- Customers can freely use the exact amount of EUR, USD, GBP, JPY, AUD, CAD, etc., for crypto purchases.
- Coinmama has several payment methods to purchase cryptos, such as Fedwire, Faster Payments, Apple Pay, SEPA, Sofot, SWIFT, etc.
Cryptocurrencies Available on Coinmama
Customers have the option to perform trade with Fiat money. They can use Debit cards as well as Credit cards.
- Bitcoin (BTC)
- Ethereum Classic (ETC)
- Bitcoin Cash (BCH)
- Tezos (XTZ)
- Litecoin (LTC)
- Cardano’s ADA (ADA)
- EOS (EOS)
- Ethereum (ETH)
- Qtum (QTUM)
Pros and Cons of using Coinmama
Conclusion
There are plenty of cryptocurrency exchanges available to choose from for any user. However, some are unique and provide more value for money for the time invested.
Our research was to find out the best Huobi alternativs for the Huobi.com crypto exchange.
Now, if you are looking for the best from the list, our suggestion would be Pionex. We considered many factors while choosing Pionex as the best from the list.
Pionex is the best platform for beginners to start trading, and experts can utilize the functionalities of various bots 24/7 without fearing human errors.
It comes with unique trading bots that make trading easier and more effective.
Besides, Pionex has a wide range of features and is highly secure in defending against cyber-attacks.
We hope the Crypti exchange review helped you identify the best platform for your requirement.
We wish you safe and happy trading!
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Written by Thomas McGovern
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