Side-by-side HTX vs KuCoin 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: KuCoin — more active merchants generally means tighter spreads on the most-traded fiats.
Fiat coverage winner: KuCoin — 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 | HTX ads | HTX best buy | KuCoin ads | KuCoin best buy | Cheaper |
|---|---|---|---|---|---|
| 🇨🇳USDT/CNY | 4.7K | ¥6.78 | — | — | HTX |
| 🇷🇺USDT/RUB | 2.5K | ₽75.90 | 367 | ₽81.75 | HTX |
| 🇪🇺USDT/EUR | 543 | €0.86 | 889 | €0.87 | HTX |
| 🇮🇳USDT/INR | 268 | ₹105.90 | 822 | ₹105.00 | KuCoin |
| 🇺🇸USDT/USD | 445 | $1.00 | 452 | $1.03 | HTX |
| 🇺🇦USDT/UAH | 379 | ₴44.35 | 237 | ₴44.98 | HTX |
| 🇵🇰USDT/PKR | 166 | ₨286.30 | 396 | ₨280.00 | KuCoin |
| 🇦🇪USDT/AED | 103 | د.إ3.72 | 390 | د.إ3.78 | HTX |
| 🇲🇾USDT/MYR | 237 | RM4.03 | 232 | RM4.05 | HTX |
| 🇵🇭USDT/PHP | 103 | ₱62.23 | 353 | ₱61.99 | KuCoin |
| 🇹🇷USDT/TRY | 141 | ₺47.00 | 214 | ₺49.95 | HTX |
| 🇬🇧USDT/GBP | 151 | £0.80 | 191 | £0.81 | HTX |
Showing top 12fiats by combined ad count. "Cheaper" column is the side with the lower BUY price (better for buyers).
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.
Verified-merchant tiering rewards completion rate + order count. INR depth is rebuilding fast post-2026 reactivation. Strong global brand draws merchant + retail supply.
Trade-offs: P2P market is still rebuilding after the 2024 pause. Merchant pool is smaller than pre-pause levels and liquidity outside INR/USD is patchy.
Fees + KYC: 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles + multiple regional licensings.
By live data: HTX leads on 24h volume ($45.69M vs $27.39M); KuCoin leads on active merchants; KuCoin 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 HTX and KuCoin charge 0% trading fees on most P2P markets. HTX: 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles + Hong Kong; rebranded from Huobi in 2023. KuCoin: 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles + multiple regional licensings.
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.
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.
KuCoin paused P2P in 2024 amid regulatory pressure across multiple jurisdictions (notably the US DOJ settlement) and a global compliance overhaul. The market reactivated in 2026 with stricter KYC, a refreshed merchant program, and full FIU-IND registration in India.
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.