Although Binance wins through sheer volume, it is unlikely that the average crypto trader will find Kucoin’s selection lacking. It should therefore come as no surprise that both Kucoin and Binance have a wide choice of assets.īinance offers up to 242 altcoins. Assets Comparisonīoth platforms advertise access to hundreds of altcoins that are otherwise hard to purchase. If you are going to use the futures market, Binance is a clear winner. If you think you are going to be a small trader and remain at the low tiers, Binance’s fee structure is better than Kucoin’s. The Binance token is used to pay for fees on the platform. Binance Feesīinance offers no deposit fees and withdrawal fees depend on the asset. Kucoin also offers dividends of 50% of the exchange earnings on its token. If you are going to trade large volumes and level up through the tiers, Kucoin is a clear winner. Kucoin has a more aggressive tier structure, with very competitive fees for higher-tiered users. This fee percentage decreases as you move up to a higher trading tier. Kucoin and Binance fees both start at 0.1%. There are however slight differences between the platforms, and you might find either Kucoin or Binance will suit your needs slightly better. Most traders would find the range of assets, level of security, and customer support services comparable between the two platforms. Kucoin and Binance use a similar business strategy and have a similar fee structure. With over 13 million users, Binance is a very popular cryptocurrency exchange platform. If you don’t need to access the higher level of membership, you can maintain your anonymity on Binance. Its business model is very similar to Kucoin, providing access and easy trading across a multitude of crypto assets.įor the lower membership tiers, Binance does not require an ID. What is Binance?īinance is based in Hong Kong. With a good safety record and a competitive fee structure, it is a solid option if you are looking for a crypto exchange to use. Kucoin’s business model centers around having a wide variety of crypto assets that you can use. Originally from China, the crypto exchange had to move after the government crackdown on cryptocurrencies. Now, let’s take a look at the differences between these two crypto exchange platforms. They also provide similar services, including a futures market, crypto lending, a P2P marketplace, trading bots, and margin trading. Kucoin vs Binance each have a native cryptocurrency and users are rewarded for holding this coin. They have a similar fee structure, starting at 0.1% and reducing this fee as you move up the trading tiers. They are cryptocurrency exchanges that offer access to hundreds of altcoins that are otherwise hard to purchase. You will most probably find either Kucoin or Binance will suit your specific needs slightly better.īelow we dive deeper into the details of Kucoin vs Binance so you can see which exchange will be the best choice for you.īoth Kucoin and Binance have a similar business strategy. Even though they use a similar business strategy and have a similar fee structure there are slight differences between the platforms. Kucoin and Binance are two well-established crypto exchanges. With so many exchanges out there, how do you choose which one is right for you? Are you going to buy and hold? Are you interested in crypto lending? Is margin trading for you?ĭepending on your trading strategy, you will need certain features from your crypto exchange. Posted by Frank Gogol in Crypto | Updated on August 23, 2022Ĭryptocurrency is a very appealing investment because there is such a wide variety of available strategies. ![]() Binance: EVERYTHING you need to know Stilt How It Works About Blog Support Reviews Log In Get Started
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