OKCoin vs KuCoin: Fees, Coins, Safety Comparison
| Feature | OKCoin | KuCoin |
|---|---|---|
Overall |
1.8 |
4.5 |
2.3 |
2.7 |
|
2.1 |
4.5 |
|
2.2 |
5.0 |
|
Investment Instruments |
1.5 |
4.8 |
Platforms and Charting Tools |
1.7 |
4.7 |
Deposit and Withdrawal |
1.6 |
4.6 |
Research |
2.1 |
4.3 |
Education |
1.7 |
4.8 |
Support |
1.6 |
3.8 |
Bonuses |
1.5 |
4.4 |
|
Your capital is at risk.
|
OKCoin vs KuCoin: Pros and Cons
The OKCoin exchange is a cryptocurrency trading platform with extensive investment opportunities. You can trade Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), TRON, and dozens of other cryptocurrencies. Of the fiats, only the US dollar is represented. The investment system is a regularly updated list of deposits in affiliate projects with interests of up to 14%. The user forms his own investment portfolio. The exchange has its own trading platforms in two versions — web and mobile. Leverage of 1:3 is available for margin trading. There are several options for depositing and withdrawing funds, including bank cards and accounts. The crypto exchange is characterized by high-level security for users’ data protection. An extensive and extended verification is required.
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.
| OKCoin | KuCoin | |
|---|---|---|
| Overall Pros | the simple and intuitive interface of the trading terminal; | Trading With Leverage up to 1:100 |
| margin trading with leverage is available; | Derivatives, NFT Available | |
| all major cryptocurrencies are traded on the exchange; | Low trading and non trading fees | |
| convenient investment system with a customizable portfolio; | Passive Income With Staking and Mining Pool | |
| terminal charts have many built-in tools; | Great bonus program | |
| negative balance prevention is in effect; | ||
| has three active regulatory licenses. | ||
| Overall Cons | the platform is presented in two languages only — English and Chinese; | Not regulated |
| the only fiat is the US dollar. | Limited access in the US |
OKCoin vs KuCoin: Safety and Regulation
| Regulated By: | OKCoin | KuCoin |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Financial Crimes Enforcement Network (FinCEN), FINTRAC, MFSA |
No |
OKCoin vs KuCoin: Trading Conditions
| Trading Conditions | OKCoin | KuCoin |
|---|---|---|
Minimum Deposit |
$1 |
$5 |
Trading Platforms |
OKCoin |
KuCoin |
Max Leverage (Futures) |
44621 |
1-100 |
Number of Markets |
114+ |
630 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, USD |
20 fiat currencies + cryptocurrencies |
OKCoin vs KuCoin: Fees
Trading Fees
| Fee | OKCoin | KuCoin |
|---|---|---|
Max Maker |
0.09% |
0.1% |
Max Taker |
0.20% |
0.1% |
Min Maker |
0 |
0.0125% |
Min Taker |
0.02% |
0.03% |
Debit/Credit Card Purchase Fee |
3.99% |
0.1% |
Futures Trading fees
| Fee | OKCoin | KuCoin |
|---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.06% |
Min Maker |
Not supported |
0 |
Min Taker |
Not supported |
0 |
Non-Trading Fees
| Fee | OKCoin | KuCoin |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
TrustPay: SEPA €0.20 + 0.3%; Credit and debit cards (Visa & Mastercard) 3,99%, |
No |
Bank Transfer Withdrawal Fee |
TrustPay: SEPA €1.5, Finductive: SEPA €8.5, Royal Business Bank - international wire $35, |
0 |
Debit/Credit Card Withdrawal Fee |
Not supported |
0 |
BTC Withdrawal Fee |
No |
0.0005 BTC |
Inactivity Fee |
No |
No |
OKCoin vs KuCoin: Trading Assets
| Asset Name | OKCoin | KuCoin |
|---|---|---|
Overall |
114+ |
630+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
No |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
No |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
No |
OKCoin or KuCoin: Investment Programs
| Asset Name | OKCoin | KuCoin |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
Yes |
MAM/PAMM |
No |
No |
Other |
Interest income |
Cloud Mining |
Trading Platforms: KuCoin or OKCoin
| OKCoin | KuCoin | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: KuCoin or OKCoin
| OKCoin | 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 OKCoin
| OKCoin | KuCoin | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: KuCoin or OKCoin
| OKCoin | 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 OKCoin
| OKCoin | KuCoin | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
OKCoin vs KuCoin: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | OKCoin | KuCoin |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes (Only Deposit) |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
OKCoin vs KuCoin: Research
| Research Type | OKCoin | KuCoin |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
OKCoin vs KuCoin: Education
| Education Type | OKCoin | KuCoin |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
KuCoin vs OKCoin: Support
| Support Features | OKCoin | KuCoin |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
No |
No |
OKCoin vs KuCoin: Crypto Bonuses and Promo
| Promo | OKCoin | KuCoin |
|---|---|---|
Crypto Bonus |
No |
Crypto Bonuses up to $500 |
Affiliate Program |
After your affiliate makes trades for a total volume of at least $100, both of you will receive a one-time payment of $10. |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
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.
Top 5 Reviews on OKCoin
-
Comment
OKCoin operates without proper oversight or regulation. Approach dealings with OKCoin cautiously, and consider alternative exchanges with clearer governance structures and more reliable reputations.
-
Comment
Money is not withdrawn. I can't get $600 from there for more than 3 weeks. Technical support is impudently silent, earlier they even wrote that there was a problem with the withdrawal of money.
-
Comment
scammers. be careful. never when above funds will be given to you so easily if you suddenly want to leave the company.
-
Comment
I use the OKCoin crypto exchange when I need to buy crypto for fiat at a profit. And then only if you need to buy small amounts of BTC, ETH, or LTC. The rates here are good, and you can withdraw without a commission. For serious trading, the OKCoin exchange, I think, is not suitable. Trading volumes are not that large now, and the daily trading volume is much less than that of its competitors. Therefore, even the commission cannot be reduced. I did not notice any problems with the conclusion, so there is no need to talk about scams. In general, OKCoin is rather weak in its capabilities. This is probably best used as a secondary/backup crypto-exchange.
-
Comment
I don't really like Chinese exchanges, because they are mainly focused on Asian residents. But OKCoin works with fiat currencies such as the euro and the US dollar. And you can replenish the deposit or withdraw funds through banks. This is a very big plus for trading with OKCoin. That is why I opened an account here, and for almost a year now I have been making a profit from crypto trading. The listing here is rather narrow, sometimes new coins are added. So they recently added STX, plus you could take part in the drawing of a prize in the form of $10,000 to your account. I didn't win, but the opportunity is interesting. OKCoin is a good crypto exchange, you can interact with it.
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.