All About Crypto

When it comes to trading cryptocurrency, it is extremely important to pick the right exchange when buying and selling digital assets. And these days there are many different exchanges out there, so which one to pick?

In this series of comparisons we are looking at Kraken and KuCoin. Both exchanges are known and established in the field, but they also have some differences that are worth learning about.

In this blog post we will thus take a closer look at some of the most important areas, such as fees, safety for users and more. So if you are looking to find your new favorite exchange, read on!

Safety & Security

Kraken is an old player in the crypto game, having been established back in 2011. This makes them one of the oldest exchanges for crypto still running.

KuCoin was founded in 2017, so while also having some years of experience is not quite as old. Normally this would mean Kraken would be the winner in this comparison, but that's not the case.

This is because KuCoin has built their platform based on the experiences of other exchanges, and thus made some safety and security additions that are really quite extraordinary.

At the same time, users on Reddit, Twitter and other social media platforms have reported a large number of Kraken account hacks, leading to individuals losing hundreds of thousands of dollars in assets and crypto in recent times.

Fee structure

When it comes to fees, Kraken and KuCoin are somewhat similar. KuCoin does start with slightly lower fees for users at 0.1%, though Kraken is not that far behind, with a 0.16% maker and a 0.26% taker fee at the lowest levels.

Both platforms allow traders to level up their accounts based on trading volume and value, meaning that the more you trade, the lower your fees will be. But KuCoin seems to consistently have lower fees regardless of the levels, so that is what we would recommend you choose.

User verification

If you wish to create a profile on either site, it is worth considering the lengths you need to go in order to be verified. Kraken requires you to fill out a KYC questionnaire as well as comply with the KYC rules, while KuCoin offers you an account without this step.

This means KuCoin is more accessible for people around the world, so whether you are in the US, in Europe or Asia, KuCoin tends to be the cheaper, easier and better choice in most circumstances.

One of the best ways to trade, invest or speculate in cryptocurrency is via specialized exchanges. They are designed specifically for these tasks, making it easy, user friendly and most of all safe. But should you go for KuCoin or Coinbase Pro? That is what we will find out in this post.

So stick around, because in this article we will take a look at how KuCoin and Coinbase Pro stacks up when it comes to their fees, their security and the amount of cryptocurrencies you can trade on the platforms. And hopefully by the end you will know which exchange is best suited for your trading needs. Enjoy!

Available cryptocurrencies for trade

Some people only wish to trade Ethereum or Bitcoin. But there are so many different coins out there today, that a lot of people are looking at the next big thing. If you wish to explore the growing market of alternative currencies, then finding an exchange that lets you do that is vital.

KuCoin offers traders access to more than 700 different altcoins, and of course all the big players as well. This makes it an interesting platform for exploring and speculating for both the short and long term.

Coinbase Pro on the other hand lets users trade more than 170 different cryptocurrencies. While this number is still admirable, KuCoin edges out a win due to their massive amount of potential trades.

Fee structure

When it comes to the amount of money you pay in fees for your trades, Coinbase Pro starts at around 0.6%, while KuCoin has a significantly lower fee, at just 0.1%. This is a big difference right from the start, but what does the numbers say when you are moving up in trading levels or volume?

Looking closer, KuCoin lets users pay as little as 0.05% in maker and taker fees for their trades when trading at the highest level of volume or value. Coinbase Pro slashes their fees from 0.6% down to 0.1% for transactions worth $100,000 or more.

Thus KuCoin is the cheaper option regardless of your volume or value, meaning this platform once again wins in the comparison.

Are you looking for the best cryptocurrency exchange, and wondering whether you should go for KuCoin or Bittrex? While both options are solid choices, depending on your exact needs and requirements, there can be advantages for either one.

So in this article we will examine KuCoin and Bittrex from a trading and investing perspective, allowing you to make the best possible choice for your next exchange. Good luck! Fee structure One of the most important things to research when considering an exchange is the costs associated with that specific platform.

The maker and taker fees on Bittrex are at 0.75%, while KuCoin only charges 0.1%. This is a massive difference for people doing multiple trades.

Combined with the fact Bittrex only supports less than 300 cryptocurrencies, while KuCoin gives traders access to more than double that, KuCoin quite simply wins in the category of fees. Reputation and licenses Bittrex has been active since 2014, and KuCoin launched in 2017. This means both services have been around for a long time, when talking about crypto exchanges, and that also means both sites are considered quite reputable.

Neither of the platforms are registered or licensed when it comes to the exchange or transmission of virtual currency. Thus both sites are equally interesting for traders, as they do not offer any advantages compared to the other site. Requirements Another advantage of choosing KuCoin over Bittrex has to do with the KYC verification of user profiles. In short, this is a set of rules set out by the financial world, to ensure that individuals comply with the anti-money laundering regulations.

But it also makes it more difficult for people from certain countries, or without passports or driver's licenses to register an account on many exchanges. Bittrex requires KYC verification for users to be able to trade on their platform. But KuCoin has an option for people to trade without verifying their profiles.

All in all KuCoin seems the better option of the two platforms, in no small part due to the lower fees and their less restrictive user requirements.

Choosing the best platform for your cryptocurrency trades or investments can go a long way in making your account grow or shrink. After all, fees can be a big reason why a trade is in the red or green.

Therefore we are looking at what fees KuCoin and Binance charge their users for transactions, and also check out some other key aspects when it comes to picking one of the two platforms. So if you are wondering which option you should go for, this blog post is for you!

About the exchanges

Both platforms are built with state-of-the-art technology, offering their customers a safe, secure and user-friendly interface for selling, buying and holding cryptocurrencies.

KuCoin was founded in 2017, and has since then only been growing in active users and trades each year.

Similarly, Binance also saw the first light of day in 2017, and has also grown to become on the leading platforms in the industry. Fee structure Binance and KuCoin both offer a tiered fee structure. That means users will start at the basic level, and depending on the value and amount of trades they do, be eligible for lower fees on subsequent trades.

When looking at the specific rates, Binance starts out users at a 0.1% maker/taker fee. This is quite good compared to many other exchanges out there. In order to get lower fees however, users will need to have a 30 day trading volume of more than 1,000,000 BUSD.

KuCoin has a very similar fee structure, once again starting out users at a 0.1% maker/taker fee. In order to advance to the next level, users will need to have a trading volume of more than 50 BTC in a 30 day rolling period.

Where the platforms differ the most, is the possibility of rising in levels and lowering the fees further. KuCoin actually offers a negative maker/taker fee at the highest levels, while Binance only ever goes as low as a 0.02% maker fee, and a 0.04% taker fee.

Availability

Binance has banned traders from certain countries when it comes to accessing their platform. This includes people from Ontario (Canada), as well as Chinese citizens, certain countries in Europe, the UK, and even countries such as Japan, Malaysia and Thailand.

KuCoin on the other hand are open to people from most countries, including most if not all of the above. Furthermore, KuCoin does not require users to comply with KYC standards, meaning it is easier for users to create a profile, compared to Binance.

This is one of the biggest advantages of KuCoin over Binance, especially considering that most other factors are relatively comparable. Thus in this context, we would say KuCoin is the better choice for most people.

While both of these exchanges are large and popular, and also share many similar traits, features and assets available for trading, there are a few key differences between KuCoin and Binance that might make all the difference when you are considering which exchange to choose.

In this article we will briefly discuss the main differences, and how it affects you as a customer wishing to exchange fiat to crypto, trade or invest, or just gain access to some of the largest cryptocurrency exchanges online.

User verification One of the main benefits of using KuCoin over Binance, is the fact that users can use KyCoin as an exchange for crypto and fiat.

This is possible for customers to do, even without verifying their user account in accordance with the KYC principles, something that most exchanges and banks heavily enforce.

For comparison, Binance requires their users to verify in this manner before allowing access to trades and other features on their exchange.

User registration Another benefit of using KuCoin, is that it is open to many more people from different countries, and with different types of bank accounts.

Binance is fairly restrictive, since the platform has faced regulatory challenges in several countries, including the United States, Canada, and the United Kingdom, and therefore many people have problems signing up for a Binance account.

People tend to have no problems registering for a KuCoin account, since KuCoin has not been regulated as heavily as Binance. This is good news for people in many countries, particularly the USA.

Access to coins KuCoin is known to have more than 700+ coins available for users to trade and invest in. Whether you wish to speculate in the latest coins, or wish to buy some rarely accessible coin, there is a good chance that KuCoin can help you.

Binance on the other hand “just” offers their users access to around 350 coins, and while this number changes all the time, that is still only half the amount of different currencies that KuCoin offers.

Spot Fees Both KuCoin and Binance have low fees compared to most exchanges available. Similarly, both platforms offer starting users a 0.1% spot fee for most trades, and both KuCoin and Binance then allow customers to level up in order to lower their fees down to 0.5% in most scenarios.

This means it can be a good idea to pick one platform for most trades, since you will be able to reach the higher tiers sooner, and save money on your fees for trades. It is important to note that KuCoin has more levels than Binance, potentially making it faster to reach a cheaper spot fee using KuCoin.

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