KuCoin Vs Binance: Fees, Coins, Safety Comparison
KuCoin and Binance are two of the largest global crypto exchanges in the world. Both offer exceptional features for beginners and experienced traders alike, such as efficient charting options, hundreds of cryptocurrencies, minimal fees, and immense flexibility for international traders.
Binance and KuCoin have several similar and distinctive trading options. To help you choose the best crypto exchange for your trading needs, Traders Union experts did a KuCoin vs Binance comparison using 11 criteria. We also gave them overall ratings based on their performances in our analyzed parameters.
Start trading crypto right now with Binance!
Binance vs. KuCoin: Ranking
Both crypto exchanges are high-performing and flexible, offering a range of amateur to advanced trading options. We compared different aspects to help you get a brief overview of Binance and KuCoin before choosing one.
Here is a brief comparison of KuCoin vs Binance:
| Feature | KuCoin | Binance |
|---|---|---|
Overall |
4.5 |
4.7 |
Regulation |
2.7 |
3.1 |
Fees |
4.5 |
4.8 |
Trading Assets |
5 |
5 |
Investment Instruments |
4.8 |
4.7 |
Platforms and Charting Tools |
4.7 |
4.9 |
Deposit and Withdrawal |
4.6 |
4.7 |
Research |
4.3 |
4.6 |
Education |
4.8 |
4.8 |
Support |
3.8 |
4.8 |
Promo |
4.4 |
4.2 |
The US has strict rules for all cryptocurrency exchanges. While KuCoin doesn’t have the license to work in the country, Binance was banned legally and has been unavailable to users since 2019.
However, US traders can withdraw a specific amount of money with KYC verification. On the other hand, Binance established its separate US branch, Binance US, that works solely for US citizens.
When we take a rough look over the comparison table, we can see Binance outclasses its counterpart in almost all aspects. It has better customer support, research, charting tools, deposit and withdrawal fees and procedures, and stricter rules.
Binance vs. KuCoin: A Brief Introduction
Both KuCoin and Binance facilitate traders buying, selling, and trading of cryptocurrencies.
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.
Meanwhile, Binance was founded in 2017 as a decentralized crypto exchange initially based in China. It is the largest crypt exchange, leaving KuCoin way behind in the race. The platform supports almost all popular tokens at the moment, including Bitcoin, Litecoin, Polkadot, DogeCoin, and more.
In addition to being a flexible exchange, Binance also offers traders a wallet where they can store their funds safely. It also has a mining pool and offers interest-earning features to the traders for extra rewards.
Binance has a separate platform, Binance US, for all the US users with almost all the advanced features of its parent.
Binance and KuCoin Pros and Cons
| KuCoin | Binance | |
|---|---|---|
Overall Pros |
Trading With Leverage up to 1:100 |
Trading With Leverage up to 1:100 |
Derivatives, NFT Available |
Derivatives, NFT, ETF Available |
|
Low trading and non trading fees |
3 Account Fiat Currencies + 50 Crypto |
|
Passive Income With Staking and Mining Pool |
Debit/Credit Card Withdrawal Fee – 0% |
|
Great bonus program |
Indicators Available |
|
Passive Income With Staking and Mining Pool |
||
Strong Research |
||
Strong Education |
||
Overall Cons |
Not regulated |
Not regulated |
Limited access in the US |
KuCoin Vs Binance: Regulation
Binance and KuCoin both are decentralized crypto exchanges. No financial or governmental authority regulates any of the exchanges, including SEC, FINRA, SEC, SIPC Protection, etc. This means you can easily trade cryptocurrencies with advanced tools without providing your personal details.
| Regulated By: | KuCoin | Binance |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
KuCoin vs Binance: Trading Conditions
Cryptocurrency exchange platforms facilitate traders with flexible trading conditions. These include the number of supported markets, minimum deposit, trading platforms, maximum leverage on futures, and supported coins.
KuCoin charges half of what Binance applies to the users regarding minimum deposit. The former allows traders to start trading with just $5, while Binance requires $10.
In addition, both crypto exchanges have mobile and web versions for their traders. Binance also has a desktop version that KuCoin lacks.
Both platforms also offer similar maximum leverage on futures, 1:100, which suggests that users can handle digital assets worth $10 in their account for each dollar.
The major difference between both is the number of supported coins. KuCoin supports 630 coins, while Binance offers 396 coins. However, KuCoin supports fewer markets than Binance.
Another factor is the total number of base account currencies. For example, KuCoin has 20 fiat currencies + cryptocurrencies, while Binance offers 10 fiat currencies and 50+ cryptocurrencies.
| Trading Conditions | KuCoin | Binance |
|---|---|---|
Minimum Deposit |
$5 |
$10 |
Trading Platforms |
Web, Mobile |
Web, Mobile, Desktop |
Max Leverage (Futures) |
1:100 |
1:100 |
Supported Coins |
630 |
396 |
Number of Markets |
1,196 |
1,358 |
Number of Trading Accounts |
1 |
1 |
Base Account Currencies |
20 fiat currencies + cryptocurrencies |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
KuCoin Vs Binance: Trading Assets
Traders primarily choose a crypto exchange based on the variety of trading assets the platform offers. Having a set of different types of trading assets enables traders to buy, sell, and exchange several cryptocurrencies.
Both KuCoin and Binance support top cryptocurrencies, like Litecoin, Bitcoin, Polkadot, Binance Coin, and Dogecoin. Surprisingly, KuCoin supports more coins than Binance, offering traders more options to trade cryptos on the platform.
| Asset Name | KuCoin | Binance |
|---|---|---|
Overall |
630 supported coins |
396 supported coins |
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Derivatives |
Yes |
Yes |
Yes |
Yes |
|
Yes |
Yes |
|
ETF |
Yes |
Yes |
Binance Fees vs KuCoin Fees
Crypto exchanges charge a particular fee from traders in exchange for their services. For example, KuCoin and Binance also have specific trading fees, but they aren’t limited.
Both platforms also have non-trading fees, including withdrawal and deposit fees and conversion fees. Moreover, they charge futures trading fees as well.
Spot Trading Fees
The trading fees are commission-based charges that traders must pay for a successful trade. It comprises a specific percentage of your initiated transaction. For a $20 transaction and trading fee of 0.1%, the trader will pay $0.02 to the platform.
Initially, the trading fees on crypto exchanges are quite low to motivate people to get started. However, it can increase if you make multiple trades.
Comparing Binance fees vs KuCoin fees, both have almost the same minimum and maximum maker and taker fees. Keep in mind that the current KuCoin option is only available for KCS holders. On the other hand, Binance BNB holders also get a 25% discount, so Binance is cheaper than KuCoin.
| Fee | KuCoin | Binance |
|---|---|---|
Max Maker |
0.1% |
0.1% |
Max Taker |
0.1% |
0.1% |
Min Maker |
0.0125% |
0.012% |
Min Taker |
0.03% |
0.024% |
Debit/Credit Card Purchase Fee |
0.1% |
1% |
Futures Trading Fees
Almost all top crypto exchanges offer futures trading to help traders predict the price direction.
Futures contracts have just become available for cryptocurrencies. These are mutually-agreed terms and conditions related to the buying and selling an asset later at a pre-decided price.
Like spot trading fees, the futures trading fees of KuCoin or Binance are almost the same. However, Binance has a relatively cheaper maximum taker fee of 0.04%, while KuCoin charges 0.06%.
| Fee | KuCoin | Binance |
|---|---|---|
Max Maker |
0.02% |
0.02% |
Max Taker |
0.06% |
0.04% |
Min Maker |
0% |
0% |
Min Taker |
0% |
0% |
Non-Trading Fees
Non-trading fees matter the same as spot trading fees. Thus, knowing them before choosing a crypto exchange is necessary. Binance and KuCoin have almost no deposit and account fees, with Binance charging 0.1% for both.
Both exchanges also allow traders bank transfer and credit/debit withdrawal features. Comparatively, Binance has lower withdrawal fees than KuCoin. Moreover, none of the exchanges charge inactivity fees.
| KuCoin | Binance | |
|---|---|---|
Account Fee |
0% |
0.1% |
Deposit Fee |
0% |
0.1% |
Bank Transfer Withdrawal Fee |
0,1% |
0.012% |
Debit/Credit Card Withdrawal Fee |
0,1% |
0.024% |
BTC Withdrawal Fee |
0.0005 |
0.0001 |
Inactivity Fee |
0% |
0% |
Binance or KuCoin: Passive Income Tools
KuCoin and Binance provide traders with passive income tools to earn interest by staking their crypto assets. The mining pool gives Binance and KuCoin a cutting edge over their competitors.
Binance’s mining pool is one of crypto exchanges’ high-demand passive income tools. It ensures traders a good profit when they participate in it to earn rewards. The same is the case for KuCoin’s mining pool. KuCoin also offers cloud mining, which Binance doesn’t.
In addition, Binance doesn’t offer managed accounts, while KuCoin does. Lastly, both platforms lack MAM/PAMM.
| Fee | KuCoin | Binance |
|---|---|---|
Staking |
Yes |
Yes |
Mining Pool |
Yes |
Yes |
Managed Accounts |
Yes |
No |
MAM/PAMM |
No |
No |
Other |
Cloud Mining |
No |
Best Trading Platform: Binance or KuCoin
Cryptocurrency exchanges offer their services on different platforms to facilitate traders. These include web, desktop, and mobile versions. While mobile apps provide them with an on-the-go trading option, the web versions assist them in trading at home or in offices.
KuCoin has a mobile app for both Android and iOS, but it lacks a desktop app. Meanwhile, Binance has got all three of them.
| KuCoin | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
Trading Platforms Features
The most popular trading platform features that attract traders are filters, search bar, and two-factor authentication. These features make it easier for newbies and seasoned traders to carry out trade.
Here is how:
-
Two-factor authentication is an additional security measure that most crypto exchanges take to secure your assets. Both KuCoin and Binance offer SMS and App-based two-factor authentication (2FA). Some platforms also offer voice-based 2FA; however, Binance or KuCoin don’t offer it.
-
Search Bar: It navigates you directly and quickly to the asset you want to trade. KuCoin and Binance offer a search bar to their users.
-
Filters: Filters help you find and sort assets based on different aspects, like reward, price, success chances, risks, etc. You can easily find the most-suitable token for yourself on KuCoin and Binance both.
| KuCoin | Binance | |
|---|---|---|
SMS Based 2 FA |
Yes |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis/Charting Tools
Traders can predict the movement in prices through several technical analysis and charting tools. This helps them avail profitable opportunities and ignore the useless ones. These include drawing tools, indicators, historical trades, and level 2 quotes.
While drawing tools identify trends, indicators can help evaluate support and resistance levels. Both KuCoin and Binance offer multiple technical analysis features.
| KuCoin | Binance | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing Tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Level 2 Quotes |
Yes |
Yes |
Mobile Trading
Mobile trading feature facilitates users to trade from wherever they want. Both KuCoin and Binance have iOS and Android versions. However, they lack Apple Watch app, Touch ID, and Face ID compatibility.
| Features | KuCoin | Binance |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of Orders
Order types also play a significant role in this KuCoin vs Binance comparison. Both platforms have almost similar types of orders, including market, limit, stop loss, and stop limit. However, KuCoin doesn’t support trailing stop orders like its counterpart.
| KuCoin | Binance | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
Yes |
KuCoin vs Binance: Deposit and Withdrawal
Bank transfer, credit/debit card, electronic wallets, and crypto are some of the standard deposit and withdrawal methods on cryptocurrency exchanges. Both KuCoin and Binance offer these methods to their users at a very fair price.
| Deposit Method | KuCoin | Binance |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
Withdrawal Method |
KuCoin |
Binance |
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
KuCoin vs Binance: Research
Research options are pretty important when it comes to deciding which crypto exchange is the best. Both KuCoin and Binance have advanced research features, such as news feed and fundamental data.
Binance also offers chart analysis and email reports, while KuCoin doesn’t support both. Besides, both platforms don’t offer trading ideas.
| Research Type | KuCoin | Binance |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
Yes |
KuCoin Vs Binance: Education
Amateur traders usually prefer those crypto exchanges that educate them with the latest crypto trends along with advanced trading options. Most platforms use webinars, videos, articles, courses, and paper trading/demo-account educational resources.
KuCoin or Binance uses similar educational options. However, you won’t get resourceful books on both platforms.
| Education Type | KuCoin | Binance |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
Yes |
Yes |
Books |
No |
No |
Binance US vs KuCoin: Support
Whether beginners or seasoned traders, customer support is essential for both. With responsive customer support, crypto exchanges can assist their users more easily.
Both Binance and KuCoin have responsive customer support features based on emails and online chat.
Binance also has phone and Telegram services, but KuCoin lacks both. However, the customer support teams are fully functional 24 hours a day on both platforms.
| Support Features | KuCoin | Binance |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Telegram |
KuCoin vs Binance: Promo
Best Crypto Sign-Up Bonus Offers and PromotionsKuCoin and Binance offer promo, special offers, and affiliate programs for traders, especially for beginners. On Binance, you’ll get a bonus of up to $100 after registering on the platform, while KuCoin offers up to $500 on every registration.
Moreover, you can also earn commissions via referral programs by referring to the platform in your social circle. Both KuCoin and Binance offer 40% of the partner’s trading commission to the users.
Binance Bonus Programs and Referral Codes| Promo | KuCoin | Binance |
|---|---|---|
Special Offers |
Crypto Bonuses up to $500 |
Sign-up Bonus up to $100 |
Affiliate Program |
40% of the partner's trading commissions |
40% of the partner's trading commissions |
Binance or KuCoin: What Exchange is Actually Better in 2024?
KuCoin and Binance both have almost similar features. As a result, you won't find any difference between both platforms regarding trading assets, trading conditions, regulations, and commissions.
However, Binance has a better overall ranking of 4.7, while KuCoin has a 4.5 rating. That makes Binance a slightly better option than its counterpart. In addition, it is the largest cryptocurrency at the moment.
If you’re a US trader, Binance US is surely the best option for you to avail yourself of all the advanced trading options legally. On the other hand, KuCoin doesn't have a license in the country, so it is relatively less safe than Binance.
Moreover, Binance BNB holders receive a 25% discount, which is cheaper than KuCoin.
KuCoin Vs Binance: Which Exchange Is Better For Newbies?
Binance’s platform appeals to new traders as much as the experienced ones. It has simple and easy-to-use features for newbies, allowing them to easily use a range of lower-level to higher-level tools.
It offers enough coins and trading platforms to cater to newbies and seasoned traders the same way. Plus, it also has responsive support that stays always ready to answer the concerns of beginners. If you want to trade obscure crypto coins, Binance is the best option for you.
Moreover, it offers special discounts and promos to encourage beginners to sign up. Not only that, but it also provides the BNB holders with a 25% discount, making it cheaper than KuCoin.
Meanwhile KuCoin is also an excellent platform for beginners. It has almost similar features to Binance, but lacks several research options necessary for beginners. It also offers promo and discounts for registration and offers 500+ different cryptos to help beginners start trading.
Overall, Binance is a more suitable platform for newbies.
What Exchange Is Better For Day Trading?
Binance offers hundreds of margin trading, market pairs, futures, leveraged tokens, research options, etc. To start day trading on the platform, all you have to do is convert your fiat currency on the platform to cryptocurrency. Then, you’re good to go!
Meanwhile, KuCoin is also a great platform to start day trading as it has almost the same features as Binance. It allows users to store digital currencies and do spot trading, margin trading, and futures trading without any worries.
So, both platforms are good for day trading.
KuCoin Vs Binance : Which Exchange is Actually Cheaper?
Whether KuCoin or Binance, the fees for both platforms start at 0.1%. KuCoin offers very competitive fees for traders at a higher tier. So, if you’re willing to trade in large volumes and move further through the tiers, KuCoin might be cheaper for you. In addition, it also offers 50% dividends of the exchange earnings on the tokens.
On the other hand, Binance has no deposit or withdrawal fees on the assets. You’ll only need the Binance token to pay for any fees on the platform. So, if you’re just getting started and want to trade at the low tiers for sometime, Binance’s fees structure would facilitate you more than the KuCoin’s.
When it comes to futures trading, Binance has a better taker fee than KuCoin. Moreover, Binance offers 25% to its BNB holders, making it a cheaper option.
Choice of Trading Assets
Both KuCoin and Binance have a wide range of assets. While KuCoin offers 600+ cryptocurrencies, Binance has only 365+. Although KuCoin has more cryptocurrencies, Binance offers almost all top cryptocurrencies.
In addition, Binance allows trading through its token and Tether. On the other hand, KuCoin offers trading with its Tether, token, NEO, and BTC cash. It makes KuCoin more flexible than its counterpart.
Therefore, when choosing a platform based on trading assets, traders first have to determine their trading style and decide accordingly. Both KuCoin and Binance have comprehensive and impressive trading assets.
Summary
This KuCoin vs Binance comparison shows that both crypto exchanges have almost similar features, trading options, assets, passive income tools, etc. However, Binance has an upper hand over KuCoin due to its flexible fee structure, 25% discount on BNB holders, impressive customer support, and several research and charting tools.
KuCoin has its own unique characteristics, such as cloud mining and NEO, and BTC cash compatibility. It also has more supported coins. Although both platforms are suitable for day trading, Binance is overall better.
Top 5 Reviews on Binance
-
Comment
Prefer using Binance because of their low fees. They are the catalyst of low trading costs at a time users are sick of getting burned by high trading fees on platforms like Coinbase. I remember clearly that upon its entry in the market, these platforms all raced to lower their fees because of knowing they will clearly lose market share to this newcomer. Binance has had a 0.1% spot trading fee since the beginning. Because it’s low I never bothered to check if they charge the exact amount in all of my trades, in small or big amounts. I just know that they always offer the best prices for the assets that I trade (I only trade in the spot market) and have an extensive list of tradable tokens. Cheap + flexible… the best one in the crypto market yet.
-
Comment
I like Binance’s trading terminal. It is modern, sleek, and shows relevant information you need for your trades spot on. At the same time, it is not intimidating to navigate around which is a common problem for crypto platforms that prioritize a modem vibe in their UI. It instantly shows the summary of my crypto portfolio, the distribution between assets and the amount, and has the daily PnL (profit and loss) record for the day. This way it is so easy to track which assets performed well in the last 24 hours and which ones lagged behind. I like to hold only a handful of assets for easy traceability of my wins. But even when I add a couple more, it is still uncomplicated to make sense of my stats. Love that crypto is now in a rollercoaster that only goes up and seeing all those greens in my portfolio gives me a great sense of motivation.
-
Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
Top 5 Reviews on KuCoin
-
Comment
Overall the app is cool. The highlight for me has been me buying coins on KuCoin using my credit card through the fast trade feature, and it’s been quick and easy. I don’t have to wait long, which is a plus when I want to make fast trades. But their customer support took a while to get back to me once, and that was frustrating. They did help out though once they got to me.
-
Comment
I really like how KuCoin offers so many coins, even those that are hardly available on other platforms. Fees are cheaper than other places, which is great. The only thing is, the app sometimes glitches when I’m trading, and I have to reopen it, which sucks when I'm in a rush. Still, it’s been my main platform because I save on costs.
-
Comment
One of the things I appreciate most about KuCoin is their fee structure. It’s honestly pretty competitive compared to some other exchanges I’ve tried. The trading fees are low, especially if you use KCS tokens to pay. I think that’s a smart move because it encourages me to hold some of their native tokens, which have gone up in value from time to time. Another thing I like is their lending feature. I’ve been able to lend out some of my stablecoins and earn decent interest on them. The process is easy to understand, and the returns, while not huge, are steady and better than just letting my crypto sit idle. But, KuCoin’s customer support could use a bit of improvement. When I’ve had questions or minor issues, it took a while to get a response through their support tickets. That said, the platform itself is reliable, and I’ve never had any issues with security. I feel confident storing a portion of my portfolio there.
-
Comment
I first got into KuCoin because I was looking for a platform that offered a wide range of coins, and I have to say, their selection is pretty solid. What stood out to me was how easy it is to switch between spot trading and futures. I’ve used other platforms before, but KuCoin’s interface is quite intuitive, so I didn’t feel lost trying to figure it out. I also like the fact that they offer staking. I’ve been staking a few altcoins, and while the returns aren’t crazy high, it’s still passive income, so no complaints there. Their mobile app is also pretty smooth. Sometimes I check prices or make quick trades while I’m on the go, and I’ve never had a major issue with the app freezing or crashing. However, I’ve noticed that withdrawals can be a bit slower compared to other platforms I’ve used. I usually receive my funds within a couple of hours, but on busy days it can take longer. That’s something to be aware of if you’re in a rush. All in all, KuCoin has worked well for me, especially
-
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.
FAQs
Is KuCoin Cheaper Than Binance?
Both KuCoin and Binance have low deposit, withdrawal, and overall trading fees starting at 0.1%. However, with discounts, Binance is cheaper than KuCoin.
Is KuCoin Regulated in the UK and US?
No, KuCoin isn’t regulated or licensed in the UK or US. It was even hacked in 2020.
Can US Traders Use Binance?
US traders can’t use Binance, but they can indeed use Binance US, which is specifically designed for them. However, Binance US is unavailable in 6 states, including Texas, New York, Vermont, Idaho, Hawaii, and Louisiana.
Is Binance Reliable?
Yes, it is. Currently, it’s the largest crypto exchange in the world. Binance US is even ranked fifth in the most secure exchanges globally, leaving top names like Coinbase and Binance way behind.
Glossary for novice traders
-
1
Extra
Xetra is a German Stock Exchange trading system that the Frankfurt Stock Exchange operates. Deutsche Börse is the parent company of the Frankfurt Stock Exchange.
-
2
Volatility
Volatility refers to the degree of variation or fluctuation in the price or value of a financial asset, such as stocks, bonds, or cryptocurrencies, over a period of time. Higher volatility indicates that an asset's price is experiencing more significant and rapid price swings, while lower volatility suggests relatively stable and gradual price movements.
-
3
Cryptocurrency
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
-
4
Limit order
A limit order is a type of order used in trading where an investor specifies a particular price at which they want to buy or sell a financial asset. The order will only be executed if the market price reaches or exceeds the specified limit price, ensuring that the trader gets the desired price or better when the trade is executed.
-
5
Leverage
Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.
Related Articles
Team that worked on the article
Dwight specializes in risk, corporate finance, alternatives, fintech, general business trends, and financial markets, and he has broad experience managing complex projects. Dwight is an author for the Traders Union website.
Dwight was a financial columnist for The Wall Street Journal and The New York Times during the Great Financial Crisis. He has served as Editor-in-Chief of Worth, a personal finance magazine for the wealthy, and as Editor of Risk, the premiere global publication about derivatives, risk management, and quantitative finance, based in London.
He has also served as Managing Editor at The Economist Group and ran the Americas operations of two British trade publications.
For the last 12 years, Dwight has worked as a freelance writer and editorial project manager, serving clients in the financial technology, banking, broker/dealer, consulting, asset management, and corporate sectors. This has given him considerable experience in idea generation and project management, working collaboratively to help clients meet their goals with little or no supervision.
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.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).