KuCoin vs ByBit: Fees, Coins, Safety Comparison
| Feature | KuCoin | ByBit |
|---|---|---|
Overall |
4.5 |
4.9 |
2.7 |
3.1 |
|
4.5 |
5.0 |
|
5.0 |
5.0 |
|
Investment Instruments |
4.8 |
5.0 |
Platforms and Charting Tools |
4.7 |
4.9 |
Deposit and Withdrawal |
4.6 |
4.0 |
Research |
4.3 |
4.2 |
Education |
4.8 |
4.1 |
Support |
3.8 |
4.5 |
Bonuses |
4.4 |
5.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
KuCoin vs ByBit: Pros and Cons
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.
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 | ByBit | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | Trading With Leverage up to 1:100 |
| Derivatives, NFT Available | Derivatives, NFT Available | |
| Low trading and non trading fees | Zero fee spot trading | |
| Passive Income With Staking and Mining Pool | Deposit Fee – 0% | |
| Great bonus program | Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | |
| Strong Research | ||
| Overall Cons | Not regulated | No tier-1 regulation |
| Limited access in the US | No Fiat Deposit and Withdrawal |
KuCoin vs ByBit: Safety and Regulation
| Regulated By: | KuCoin | ByBit |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
KuCoin vs ByBit: Trading Conditions
| Trading Conditions | KuCoin | ByBit |
|---|---|---|
Minimum Deposit |
$5 |
$1 |
Trading Platforms |
KuCoin |
ByBit |
Max Leverage (Futures) |
1-100 |
1-100 |
Number of Markets |
630 |
320 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
20 fiat currencies + cryptocurrencies |
Crypto |
KuCoin vs ByBit: Fees
Trading Fees
| Fee | KuCoin | ByBit |
|---|---|---|
Max Maker |
0.1% |
0.1% |
Max Taker |
0.1% |
0.1% |
Min Maker |
0.0125% |
0.1% |
Min Taker |
0.03% |
0.1% |
Debit/Credit Card Purchase Fee |
0.1% |
0 |
Futures Trading fees
| Fee | KuCoin | ByBit |
|---|---|---|
Max Maker |
0.02% |
-0.025% |
Max Taker |
0.06% |
0.075% |
Min Maker |
0 |
-0.025% |
Min Taker |
0 |
0.075% |
Non-Trading Fees
| Fee | KuCoin | ByBit |
|---|---|---|
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 |
KuCoin vs ByBit: Trading Assets
| Asset Name | KuCoin | ByBit |
|---|---|---|
Overall |
630+ |
320+ |
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 |
KuCoin or ByBit: Investment Programs
| Asset Name | KuCoin | ByBit |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
Yes |
Yes |
Managed Accounts |
Yes |
No |
MAM/PAMM |
No |
No |
Other |
Cloud Mining |
Liquidity mining, Principal-Protected Investment, Guaranteed yield savings |
Trading Platforms: ByBit or KuCoin
| KuCoin | ByBit | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: ByBit or KuCoin
| KuCoin | ByBit | |
|---|---|---|
SMS Based 2 FA |
Yes |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: ByBit or KuCoin
| KuCoin | ByBit | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: ByBit or KuCoin
| KuCoin | ByBit | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: ByBit or KuCoin
| KuCoin | ByBit | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
KuCoin vs ByBit: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | KuCoin | ByBit |
|---|---|---|
Bank Transfer |
Yes |
No |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
KuCoin vs ByBit: Research
| Research Type | KuCoin | ByBit |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
Yes |
KuCoin vs ByBit: Education
| Education Type | KuCoin | ByBit |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
Yes |
No |
ByBit vs KuCoin: Support
| Support Features | KuCoin | ByBit |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
No |
Telegram |
KuCoin vs ByBit: Crypto Bonuses and Promo
| Promo | KuCoin | ByBit |
|---|---|---|
Crypto Bonus |
Crypto Bonuses up to $500 |
Complete tasks and get up to $580 |
Affiliate Program |
40% of the partner's trading commissions |
$20 per invited user, up to $50 deposit bonus |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on ByBit
-
Comment
Bybit educational resources have really helped my early career in crypto trading. The trainings from videos, and seminars is helping me learn how to make more informed decisions on traders. Also guides to trading in bear markets, how to protect your account, a guide to MT4 crypto trading, are informative and I am really improving as a trader. There is also the ByBit Learn portal which is where I got to learn how to use the platform. The demo trading interface is rich and friendly but it took me time to carefully identify each feature. Although I don’t know how some of these indicators work for now but I know I will over time.
-
Comment
The Bybit designed for every level of crypto traders. the simple user interface has been helpful. I only have one concern but I cannot say it is an issue at the moment. This has to do with when i reached out with the customer care to inquire if i can trade futures. The response that i can trade a range of USDC-settled contracts including both USDC Perpetual and USDC Futures Contracts came, but when it did i was off my screen and attending to other things. Can't say if the slow response is due to network or other external issues. I don't know if it is too early to conclude that the customer service is slow.
-
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
-
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!
-
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.
Top 5 Reviews on KuCoin
-
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.
-
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!
-
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.
-
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!
-
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.
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 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.
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.