Side-by-side Gate vs HTX P2P comparison: live volume, merchant pool, per-fiat liquidity, fees, KYC, and merchant programs. Updated automatically.
Volume winner: HTX — HTX runs more 24h trading volume in USD-equivalent terms.
Merchant pool winner: HTX — more active merchants generally means tighter spreads on the most-traded fiats.
Fiat coverage winner: HTX — wider fiat coverage matters if you trade a long-tail currency.
But raw rankings don't pick the winner for yourtrade. Drop into the per-fiat table below — for each market, the cheapest BUY (and highest SELL) often sits on the venue with smaller overall volume because that venue's merchants are pricing more aggressively to win share.
| Market | Gate ads | Gate best buy | HTX ads | HTX best buy | Cheaper |
|---|---|---|---|---|---|
| 🇨🇳USDT/CNY | 2.1K | ¥6.70 | 4.8K | ¥6.78 | Gate |
| 🇷🇺USDT/RUB | 1.0K | ₽72.00 | 2.5K | ₽73.20 | Gate |
| 🇺🇸USDT/USD | 1.5K | $0.72 | 454 | $1.00 | Gate |
| 🇪🇺USDT/EUR | 1.0K | €0.87 | 547 | €0.86 | HTX |
| 🇺🇦USDT/UAH | 1.1K | ₴43.44 | 376 | ₴44.40 | Gate |
| 🇳🇬USDT/NGN | 1.4K | 1,372.00 | 37 | 1,390.00 | Gate |
| 🇮🇩USDT/IDR | 996 | Rp17,620.00 | 92 | Rp17,995.00 | Gate |
| 🇮🇳USDT/INR | 760 | ₹97.50 | 268 | ₹105.90 | Gate |
| 🇵🇰USDT/PKR | 514 | ₨281.00 | 166 | ₨286.30 | Gate |
| 🇻🇳USDT/VND | 510 | ₫26,297.00 | 100 | ₫26,447.00 | Gate |
| 🇲🇾USDT/MYR | 201 | RM4.00 | 241 | RM4.03 | Gate |
| 🇵🇭USDT/PHP | 304 | ₱61.00 | 103 | ₱61.70 | Gate |
Showing top 12fiats by combined ad count. "Cheaper" column is the side with the lower BUY price (better for buyers).
Higher-quality merchant pool than newer entrants — most merchants have 1000+ monthly orders and 95%+ completion rates. Strong USDT focus simplifies pricing.
Trade-offs: Smaller market than Binance/Bybit. Limited fiat coverage outside USDT-major pairs. Reference data only.
Fees + KYC: 0% trading fees on most P2P markets. KYC required for higher daily limits. Operates from Cayman Islands + multiple regional licensings.
Strong RUB market post-sanctions. Spreads widen at off-peak hours, creating arbitrage opportunities versus Binance/Bybit. Decent INR/IDR depth.
Trade-offs: Smaller merchant pool means deep liquidity is concentrated in a handful of fiats; niche markets can be illiquid for >$10K trades.
Fees + KYC: 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles + Hong Kong; rebranded from Huobi in 2023.
By live data: HTX leads on 24h volume ($46.39M vs $22.41M); HTX leads on active merchants; HTX leads on fiat coverage. The "better" exchange depends on which fiat you trade — see the per-fiat table above; the cheapest BUY price for your specific market may sit on the smaller-overall venue.
Both Gate and HTX charge 0% trading fees on most P2P markets. Gate: 0% trading fees on most P2P markets. KYC required for higher daily limits. Operates from Cayman Islands + multiple regional licensings. HTX: 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles + Hong Kong; rebranded from Huobi in 2023.
Both use identical escrow mechanics — crypto is held by the platform until the seller confirms fiat payment. Counterparty risk is on the off-platform payment rail (UPI, IMPS, bank transfer), not the platform. Always check the merchant's completion rate (≥95%) and order count (≥1000) before trading, regardless of which exchange you pick.
Gate.io has run its P2P market for years and the merchant pool has consolidated — most active merchants have 1000+ monthly orders. The trade-off is a smaller raw ad count but generally higher completion rates per merchant.
Yes. HTX rebranded from Huobi in late 2023 after the Justin Sun-led ownership transition. The platform, P2P market, and merchant pool carried over; only the brand changed. Domain redirects from huobi.com to htx.com remain active.
Volume + ad counts come from each exchange's public P2P API (Binance, Bybit, OKX, HTX, KuCoin direct-crawled every 60s; rest reconciled via p2p.army's 30-min snapshot). The per-fiat liquidity column sums total ads (buy + sell) per market. Updated at most every 2 minutes.