Binance versus KuCoin ▷ which exchange is better? Our experiences, fees & more

Choosing a cryptocurrency exchange is difficult, especially when there are so many options available. Two such options that we will consider are the popular cryptocurrency exchanges, Binance and Kucoin. However, instead of checking these separately, we will head to head Binance versus Kucoin - and help determine which is the right cryptocurrency exchange for you.

The purpose of this article is not to condemn or encourage an exchange about the other. The aim is to present the information available and to compare these two cryptocurrency exchanges. We will provide you with what we have, but in the end it is up to you to determine which exchange is best for you.

Do you want to trade cryptocurrencies with the best conditions?

Start on eToro, the test winner crypto broker from Bitcoin-News.one

SIGN UP NOW
Your capital is at risk. Not ready yet? Read our Etoro review.

Kucoin

KuCoin logo

Kucoin is a cryptocurrency exchange that originated in China but was moved to Hong Kong due to government crackdown. Like many other Hong Kong exchanges, Kucoin has seen steady growth. When the exchange created an affiliate program offering that encouraged users to join others, Kucoin had to close temporarily due to the overwhelming influx of new members.

fees

Kucoin charges a fee of 0,1% for every transaction made on its exchange. However, if you have Kucoin tokens, you have the potential to use the Kucoin dividend system to get back half of your transactions. We will discuss this briefly.

Withdrawal fees are set for an asset by asset - official breakdown of withdrawal fees here.

Plant support

Currently, the Kucoin exchange supports nearly 180 trading pairs. This is only a small difference to its counterpart, Binance, however Kucoin supports trading pairs with Bitcoin Cash, NEO and Kucoin tokens.

Safety

From a security perspective, Kucoin has done its due diligence and is currently free of hacks. This is partly due to two-factor authentication. Furthermore, there is no evidence that neither the Exchange nor individual accounts were hacked.

Specific currencies stock exchange

Kucoin andBinance offer and support their own cryptocurrency tokens. With Kucoin you can use the tokens to receive dividends of up to 50% of the profits of the exchange. These are paid out regularly, but are a great way to earn some cash on your investment.

Kucoin token investors are also entitled to a lower transaction fee than the standard tariff. According to an article by Fela Oparei, Kucoin cryptocurrency holders can expect to make $ 0,73 per Kucoin annually. While that is not much, the currency is expected to continue to grow and thus continue to appreciate in value.

Quality of customer service

Kucoin is known for its incredibly fast and effective customer support. As a member of the Kucoin exchange, you have access to 24-hour Telegram chat support. In addition, the exchange offers a very fast response to any problems or support requests that they receive.

Is KuCoin Safe?

KuCoin Market overview

Development for the Kucoin cryptocurrency exchange began in 2011. It was created and built to support global financial standards. As mentioned earlier, Kucoin uses two-factor authentication as well as additional layers of security to make its platform robust and secure. Kucoinmag may be new to the cryptocurrency industry, but you shouldn't have any concerns about whether or not they provide a safe environment for users.

Do you want to trade cryptocurrencies with the best conditions?

Start on eToro, the test winner crypto broker from Bitcoin-News.one

SIGN UP NOW
Your capital is at risk. Not ready yet? Read our Etoro review.

Order types for retail

According to Kucoin's help page, the exchange only offers trading with limit orders. Stop / loss orders are currently not offered.

Mobile platform support

Kucoin offers mobile applications for both iOS and Android. You can download the Kucoin app here. While there are always improvements to any application, Kucoin does a good job of providing its users with a solid user interface.

Binance

Binance logo

The Binance cryptocurrency exchange started in mainland China but moved to Hong Kong due to strict laws in China. Since then, the stock exchange has seen immense growth and popularity. So much so that the exchange had to put in place a temporary postponement for new registrations to give the website time to adjust. This is still the case as Binance currently only allows a few new users per day.

No ID is required to register with Binance. However, if you want to sign up for a higher membership level, you must have an ID. For the majority of users on the exchange, the basic account level should suffice.

fees

Just like Kucoin, the fees for using Binance as the exchange of your choice are 0,1% for each trade. Binance does not charge custody fees, while withdrawal fees vary depending on the asset. For example, some of the major currencies like Litecoin and Ethereum have a fee of 0,01 per withdrawal. Check out the Binance fee schedule here.

In comparison, other exchanges can charge up to 0,18% for withdrawals.

Plant support

For most experienced traders, Binance offers many options. However, it doesn't offer most of the exchanges out there. As long as you are trading in the top 100 cryptocurrencies, you will be fine. In addition, BinanceBinance offers Binance Coins, Bitcoin and Ethereum trading pairs.

Safety

Just like Kucoin, Binance offers support for two-factor authentication. Ideally, this would be a standard for all cryptocurrency exchanges. Unfortunately, that's just not the case. Binance did not come across any hacks, which is good to know as most exchanges are almost always under attack.

Note, however, that Binance has encountered a number of issues that may be cause for concern. For example, the exchange has increased the number of phishing websites that pop up when users try to find them. Unfortunately, this is an ongoing problem in the cryptocurrency world. Ultimately, it's not Binance's fault, but it's something to consider when choosing them as your trading partner.

Specific currencies stock exchange

Similar to Kucoin, Binance offers its own cryptocurrency token (BNB coin) at. You can use your Binance tokens to pay any fees you incur when using the Binance cryptocurrency exchange. For example, if you have to pay withdrawals, listing fees or exchange fees, you can use yourBinance tokens

Customer care

Binance offers better customer service than most other exchanges. The exchange gives you several methods to shed light on problems. The primary method Binance uses is a ticketing system, which is a great way to ensure that your problem is noticed by the Binance customer service team.

<<< OPEN AN ACCOUNT ON BINANCE NOW >>>

Do you want to trade cryptocurrencies with the best conditions?

Start on eToro, the test winner crypto broker from Bitcoin-News.one

SIGN UP NOW
Your capital is at risk. Not ready yet? Read our Etoro review.

Is Binance Safe?

Binance BTC Market overview

Although Binance is one of the largest exchanges out there, there are several unknowns that users can pause for attention. For example, Binance has not yet made an official statement as to how the funds are secured on its exchange. Binance has a loyal group of users, however, and there is currently no reason to believe that the Exchange is not taking its security seriously.

Order types for retail

Binance offers three types of trade orders on its exchange: limit order, market order and stop-limit order. Limit order is a request to sell or buy currencies at a certain price, or better, when a market order tries to buy or sell at the current price. Finally, stop limit orders perform a buy or sell when the limit price reaches the stop price.

Platform support

Like Kucoin, Binance offers mobile apps for Android and iOS. You can download the applications here. In addition, in addition to the QR code, Binance offers walkthrough articles for users who need additional information or instructions during the installation process.

Binance also has a desktop application - see our Binance desktop app instructions.

Binance vs. KuCoin: Comparison Chart

Binance and KuCoin comparison table

KuCoin

  • Access to over 150 cryptos.
  • Trade in your mother tongue: a translated version of the exchange is available at 🇺🇸 🇨🇳 🇵🇹 🇳🇱 🇩🇪 🇪🇸 🇷🇺 🇯🇵 🇫🇷
  • 24/7 live chat support.
  • Low trading fees.

Do you need a helping hand with setting up? Read our comprehensive Kucoin Guide.

Binance

  • Access to over 100 cryptos.
  • Email language support for: 🇺🇸 🇨🇳 🇯🇵 🇰🇷
  • Offers mobile & desktop applications.
  • Low trading fees.

Would you like to see all the steps to create your account? Read our detailed Binance instructions.

Which Exchange is Right for You?

When you just look at what each exchange has to offer and the pros and cons of each one, it is difficult to choose between the two. Kucoin has a high level of security and 24/XNUMX live customer support. In comparison, Binance is the world's largest cryptocurrency exchange, but you may have to wait a few hours before receiving a response from Binance's ticketing system. Both offer access to a wide variety of cryptocurrencies and trading options.

Overall, both cryptocurrency exchanges have a lot in common and have very supportive and enthusiastic users. The choice between the two will likely be down to your own needs and preferences, along with what to look for in a cryptocurrency exchange.

<<< OPEN AN ACCOUNT ON BINANCE NOW >>>

Frequently asked Questions: 

Do you want to trade cryptocurrencies with the best conditions?
eToro logo

Start on eToro, the test winner crypto broker from Bitcoin-News.one

SIGN UP NOW
Cryptoasset investments are unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. Not ready yet? Read our Etoro review.

Rebecca Tilden

There is no doubt that cryptocurrencies and the technology behind them are our future. Rebecca Tilden strives to make the transition easier for everyone by providing useful information to be part of the revolution.

More articles on the topic:

Exchanges
🔥 Smartbroker Test 2021: Broker Experience & Rating

Smartbroker test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Mkhontofinancial.com test 2021: broker experiences

Mkhontofinancial.com test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Capixal.com test 2021: broker experiences & rating

Capixal.com test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Tradedwell Test 2021: Broker Experience & Rating

Tradedwell.com test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Bitfinex test 2021: broker experiences & rating

Bitfinex test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Trade Republic Test 2021: Broker Experience & Rating

Trade Republic Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Coinbase Pro test 2021: broker experiences & rating

Coinbase Pro Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Anycoin Direct Test 2021: Broker Experience & Rating

Anycoin Direct Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Bitpanda test 2021: broker experiences & rating

Bitpanda test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Open a Bitcoin account guide 2021: Bitcoin account test & comparison

Open Bitcoin Account Instructions 2021: Bitcoin Account Test & Comparison 🥇 Best Bitcoin Account Germany 🥇 Simply create a crypto account

Learn more...
🔥 Capital.com review 2021: broker experience & rating

Capital.com Test 2021: Experience & Rating of the Broker 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 HFTrading Test 2021: Broker Experience & Rating

HFTrading Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 FXTB test 2021: broker experiences & rating

FXTB test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Trading 212 test 2021: broker experiences & rating

Trading 212 test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 QTrade Test 2021: Broker Experience & Rating

QTrade Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Markets.com review 2021: broker experience & rating

Markets Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Admiral Markets Test 2021: Broker Experience & Rating

Admiral Markets Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 AvaTrade Test 2021: Broker Experience & Rating

AvaTrade Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 FxPro Test 2021: Broker Experience & Rating

FxPro Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 IG Test 2021: Broker Experience & Rating

IG Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 XM Test 2021: Broker Experience & Rating

XM Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 GKFX test 2021: broker experiences & rating

GKFX in the test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Flatex Test 2021: Broker Experience & Rating

Flatex test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 BDSwiss Test 2021: Broker experiences & evaluation

BDSwiss Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 OInvest Test 2021: Broker Experience & Rating

OInvest test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Ubrokers test 2021: broker experiences & rating

Ubrokers Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 XTB test 2021: broker experiences & rating

XTB test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Libertex test 2021: broker experiences & rating

Libertex test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 IQ Option Test 2021: Broker Experience & Rating

IQ Option Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 FXCM Test 2021: Broker Experience & Rating

FXCM test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Investous Test 2021: Broker Experience & Rating

Investous test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 ETFinance.eu test 2021: broker experience & rating

ETFinance.eu test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 T1 Markets Test 2021: Broker Experience & Rating

T1 Markets Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 ROInvesting Test 2021: Broker Experience & Rating

ROInvesting Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Global.TradeATF Test 2021: Broker Experience & Rating

Gloabl.TradeATF test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 101Investing Test 2021: Broker Experience & Rating

101Investing Test 2021: experience & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 ExCentral Test 2021: Broker Experience & Rating

ExCentral Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Stormgain Test 2021: comparison & experience with the Exchange

Stormgain Test 2021: Comparison & experiences with the Exchange 🥇 What are the conditions? 🥇 Our rating 🥇

Learn more...
🔥 Ternion Test 2021: Broker Experience & Rating

Ternion test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 PrimeXBT test 2021: broker experiences & rating

PrimeXBT test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Bitmex test 2021: Exchange experiences & rating

Bitmex test 2021: experiences & evaluation of the Exchange 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
Binance versus KuCoin ▷ which exchange is better? Our experiences, fees & more

What you need to know about the two crypto exchanges! BC1 explains where the differences between Binance and KuCoin lie and which exchange is best for you! ✓ Our experiences ✓ Click here for more information!

Learn more...
Binance for the iPhone ▷ Everything about the Exchange iOS app!

What you need to know about the Binance app for the iPhone! BC1 explains how to use and set up the iOS app from Germany. ✓ Review test ✓ Click here for more information!

Learn more...
Binance App Test & Experience ▷ Everything about the desktop app!

What you need to know about the Binance desktop app! BC1 explains how to use the app from Germany and what the advantages are. ✓ Review test ✓ Click here for more information!

Learn more...
🔥 Changelly Test 2021: Exchange Experience & Rating

Changelly Test 2021: Experience & Evaluation of the Exchange 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 HitBTC test 2021: Exchange experiences & rating

HitBTC Test 2021: Experience & Evaluation of the Exchange 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Bittrex Test 2021: Exchange experiences & rating

Bittrex test 2021: experiences & evaluation of the Exchange 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 YoBit test 2021: Exchange experiences & rating

YoBit Test 2021: Experience & Evaluation of the Exchange 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 The 5 Best Coinbase Alternatives ▷ Exchange Comparison

The 5 best Coinbase alternatives 2021! 🥇 Best Coinbase alternative in Germany, Austria & Switzerland Trade cryptocurrencies now with the best conditions! 🥇

Learn more...
🔥 Binance Test 2021: Exchange experiences & rating

Binance Test 2021: Experience & Evaluation of the Exchange 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Coinbase test 2021: our experiences & evaluation

Coinbase test 2021: experiences & evaluation of the exchange 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Plus500 test 2021: our experiences & evaluation

Plus500 test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 eToro test 2021: our experiences & evaluation

eToro Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Kraken Test 2021: Exchange Experience & Rating

Kraken Test 2021: Experience & Evaluation of the Exchange 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 KuCoin Test 2021: Exchange experiences & rating

KuCoin Test 2021: Experience & Evaluation of the Exchange 🥇 Fraud or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...