ByBit vs KuCoin: Fees, Coins, Safety Comparison

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Feature ByBit KuCoin

Overall

4.9

4.5

Regulation

3.1

2.7

Fees

5.0

4.5

Trading Assets

5.0

5.0

Investment Instruments

5.0

4.8

Platforms and Charting Tools

4.9

4.7

Deposit and Withdrawal

4.0

4.6

Research

4.2

4.3

Education

4.1

4.8

Support

4.5

3.8

Bonuses

5.0

4.4

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ByBit vs KuCoin: Pros and Cons

The Bybit cryptocurrency exchange first appeared in 2018. It is a standalone derivatives trading platform with inverse and perpetual futures contracts with up to 1:100 leverage. Quarterly USD futures are available at Bybit in combination with BTC, ETH, XRP, EOS, LTC, and multiple tokens. There is a linear futures contract on BTC/USDT. The exchange has several technological advantages: it provides for mutual insurance of market participants against possible sharp price movements. There are offsets for long and short positions, and there is market depth.

KuCoin surfaced in 2017, and within years it has developed into one of the largest crypto exchanges by trading volume. Apart from basic trading options, the platform also offers peer-to-peer (P2P) trading, margin, and futures trading. It also allows users to lend or stake their currencies to win rewards and has relatively lower trading fees than the competitors. If you’re a US trader, you need to sign up for a KuCoin account to use KuCoin; however, the features are limited.

ByBit KuCoin
Overall Pros Trading With Leverage up to 1:100 Trading With Leverage up to 1:100
Derivatives, NFT Available Derivatives, NFT Available
Zero fee spot trading Low trading and non trading fees
Deposit Fee – 0% Passive Income With Staking and Mining Pool
Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment Great bonus program
Strong Research
Overall Cons No tier-1 regulation Not regulated
No Fiat Deposit and Withdrawal Limited access in the US

ByBit vs KuCoin: Safety and Regulation

Regulated By: ByBit KuCoin

SEC

No

No

FINRA

No

No

SIPC Protection

No

No

Other Regulators

No

No

ByBit vs KuCoin: Trading Conditions

Trading Conditions ByBit KuCoin

Minimum Deposit

$1

$5

Trading Platforms

ByBit

KuCoin

Max Leverage (Futures)

1-100

1-100

Number of Markets

320

630

Trading Accounts

1

1

Base Account Currencies

Crypto

20 fiat currencies + cryptocurrencies

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ByBit vs KuCoin: Fees

Trading Fees

Fee ByBit KuCoin

Max Maker

0.1%

0.1%

Max Taker

0.1%

0.1%

Min Maker

0.1%

0.0125%

Min Taker

0.1%

0.03%

Debit/Credit Card Purchase Fee

0

0.1%

Futures Trading fees

Fee ByBit KuCoin

Max Maker

-0.025%

0.02%

Max Taker

0.075%

0.06%

Min Maker

-0.025%

0

Min Taker

0.075%

0

Non-Trading Fees

Fee ByBit KuCoin

Account Fee

No

No

Deposit Fee

No

No

Bank Transfer Withdrawal Fee

-

0

Debit/Credit Card Withdrawal Fee

0

0

BTC Withdrawal Fee

0.0005 BTC

0.0005 BTC

Inactivity Fee

No

No

ByBit vs KuCoin: Trading Assets

Asset Name ByBit KuCoin

Overall

320+

630+

Bitcoin (BTC)

Yes

Yes

Litecoin (LTC)

Yes

Yes

Dogecoin (DOGE)

Yes

Yes

Binance Coin (BNB)

Yes

Yes

Uniswap (UNI)

Yes

Yes

Ripple (XRP)

Yes

Yes

Polkadot (DOT)

Yes

Yes

Cardano (ADA)

Yes

Yes

Stellar (XLM)

Yes

Yes

IOTA (MIOTA)

Yes

Yes

Tron (TRX)

Yes

Yes

Derivatives (Futures)

Yes

Yes

NFT

Yes

Yes

Crypto ETF

No

No

ByBit or KuCoin: Investment Programs

Asset Name ByBit KuCoin

Staking

Yes

Yes

Mining pool

Yes

Yes

Managed Accounts

No

Yes

MAM/PAMM

No

No

Other

Liquidity mining, Principal-Protected Investment, Guaranteed yield savings

Cloud Mining

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Trading Platforms: KuCoin or ByBit

ByBit KuCoin

Web

Yes

Yes

Desktop

No

No

Mobile (Android, iOS)

Yes

Yes

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Your capital is at risk.

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Your capital is at risk.

Trading Platforms Features: KuCoin or ByBit

ByBit KuCoin

SMS Based 2 FA

No

Yes

App Based 2 FA

Yes

Yes

Voice Call 2 FA

No

No

Search Bar

Yes

Yes

Filters

Yes

Yes

Technical Analysis: KuCoin or ByBit

ByBit KuCoin

Indicators

Yes

Yes

Drawing tools

Yes

Yes

Historical Trades

Yes

Yes

Live 2 Quotes

Yes

Yes

Mobile trading: KuCoin or ByBit

ByBit KuCoin

iOS Version

Yes

Yes

Android Version

Yes

Yes

Apple Watch App

No

No

Touch ID

No

No

Face ID

No

No

Types of orders: KuCoin or ByBit

ByBit KuCoin

Market

Yes

Yes

Limit

Yes

Yes

Stop Loss

Yes

Yes

Stop Limit

No

Yes

Trailing Stop

No

No

ByBit vs KuCoin: Deposit and Withdrawal Methods

Deposit and Withdrawal Method ByBit KuCoin

Bank Transfer

No

Yes

Credit/Debit Card

Yes

Yes

Electronic Wallets

Yes

No

Crypto

Yes

Yes

ByBit vs KuCoin: Research

Research Type ByBit KuCoin

News Feed

Yes

Yes

Fundamental Data

Yes

Yes

Chart Analysis

Yes

No

Trading Ideas

No

No

E-Mail Reports

Yes

No

ByBit vs KuCoin: Education

Education Type ByBit KuCoin

Demo-account/Paper Trading

No

Yes

Courses

No

Yes

Articles

Yes

Yes

Videos

Yes

Yes

Webinars

No

Yes

KuCoin vs ByBit: Support

Support Features ByBit KuCoin

Working Days

24/7

24/7

E-mail

Yes

Yes

Phone

No

No

Online chat

Yes

Yes

Other

Telegram

No

ByBit vs KuCoin: Crypto Bonuses and Promo

Promo ByBit KuCoin

Crypto Bonus

Complete tasks and get up to $580

Crypto Bonuses up to $500

Affiliate Program

$20 per invited user, up to $50 deposit bonus

40% of the partner's trading commissions

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Top 5 Reviews on KuCoin

  • KuCoin

    DHARMASEELAN

    20.02.2024

    Comment

    KuCoin provides access to a wide range of digital assets, including many lesser-known or niche coins. Despite this, my encounter with KuCoin has been nothing short of frustrating . On numerous occasions, I've encountered issues with deposits, withdrawals, or trade executions. I cannot in good conscience recommend this exchange to anyone looking for a reliable and trustworthy platform for trading cryptocurrencies.

  • KuCoin

    Ballockdusy

    02.12.2022

    Comment

    If you trade cryptocurrencies, then definitely not here. They made a name for themselves earlier, but the trade has deteriorated, only the name remains, but this is catastrophically small!

  • KuCoin

    Zoltan_KIS

    05.11.2022

    Comment

    Another exchange that will eventually scam or be hacked, everything is clear with it. More than once I was given an error when entering the site. There are already the first calls. I withdraw money, and I advise you.

  • KuCoin

    zakhabals

    24.07.2022

    Comment

    Bad exchange, with high trading fees. I do not recommend even starting trading on KuCoin. I would give her a much lower place in the ranking, given the quality of the services she provides!

  • KuCoin

    bettyhalcomb68128

    07.01.2022

    Comment

    The first thing I pay attention to is the working hours of the crypto exchange. KuCoin has been operating since 2013, and this is quite a long time, so the company aroused my confidence. But to say that KuCoin is somehow very different from the competition and seems like a better option? I don't have that. Some users are attracted by the number of instruments, others by competitions within the exchange or leverage up to 1:100. But for me, high-quality analytics and the ability to delve into the market are much more important. Well, with KuCoin it didn't work out for me. The functionality of their own platform is good for beginners and not too fastidious traders, it is basic. I was not hooked, but I can’t say anything bad about this exchange either.

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Top 5 Reviews on ByBit

  • Bybit

    Networkmarketer914@gmail.com

    19.03.2024

    Comment

    Guys, it is normal to see trading as a game of chance. Nonetheless, iif you can learn how to use analyze financial markets using tools like line charts, indicators, and other trading tools, you will minimize the rate at which you lose out on profitable trades when you trade with real money. When you register on a platform like Bybit, get familiar with the various trading tools available and how to use them. There are also useful tools you can use to see what will happen if a trade goes your way or against you. Just like the one tool I use daily before I open a trade position which is the pre order calculator. I use this tool to calculate and know the possible profit and loss and ROI if I open trade with any strategy I created

  • Bybit

    risham

    16.01.2024

    Comment

    At first I doubted whether to work with Bybit. The conditions here are favorable, but I was still afraid to work with the company I knew nothing about. But I decided to try with small amounts and realized that the broker works well. The money was withdrawn quickly and the fee was minimal, so I stopped being afraid. I’ve been a grateful client of this company for six months now!

  • Bybit

    adamadji

    17.11.2023

    Comment

    I was looking for a reliable exchange and paid attention to Bybit, which has long been on the market and has a good reputation. My friend, who has been trading on Bybit for many years, also recommended this company. Now, after a few years I consider myself a more experienced trader and I am sure that I chose the right one. I am pleased with Bybit’s work, although the income is not too high, but stable. Withdrawals are very fast, but everything depends on the chosen payment system.

  • Bybit

    beatricewc3

    06.02.2023

    Comment

    I have never had any problems with this company. I will even say that this is the best thing that I have seen in the last year. They try to please everyone. I can only praise.

  • Bybit

    cleokg69

    15.12.2022

    Comment

    I can't really say anything bad about ByBit. I trade cryptocurrencies here. and another company. Regarding the withdrawal of money, everything is fine here, but trading is sometimes lame)

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FAQs

What should I start Crypto trading with?

For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.

What amount should I start trading with?

It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.

What should I take into consideration when choosing a crypto exchange?

The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.

Can a cryptocurrency exchange turn out to be a scam?

Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.

Mikhail’s motto: Learn something new and share your experience – never stop!

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!