Compare Kucoin vs. Binance: Fees, Features, Basics, & More

Crypto has seen explosive growth in recent years, and people are exchanging cryptocurrency on a massive scale. Namely, cryptos have proven to be a great option for a lot of people who have been thinking about getting into trading, as it is very easy to start trading crypto.

To start, all you need is an internet connection and a reliable trading account. Due to the immense popularity of crypto, there are hundreds of e-wallets to choose from, with each offering unique features. However, as a beginner, it can be quite difficult to figure out which wallet is the best fit for you, which is why we have prepared this review article.

In this comparison post, we will be reviewing Kucoin and Binance, which are two popular online platforms that are used to trade cryptos. We will give you a brief overview of each platform and how it works. In addition to that, we will also review the two services based on their ease of use. So, let’s get to it.


Kucoin vs Binance

Feature Comparison

Compare the features of leading cryptocurrency exchanges Kucoin and Binance

Kucoin

Binance

Crypto Variety

A large selection of cryptos to choose from

Pooling Cryptos

Earning an interest by "pooling" your crypto

Flexible Staking & Staking Rewards

Staking your crypto, but retaining the ability to withdraw it

Crypto Debit Card

Having crypto on a physical debit card

Lending Cryptos

Lending your assets to other traders to receive interest

Copy Trading

Copying other traders & robots to perform trades for you



What is Kucoin?

Kucoin is a quite popular crypto exchange, which is primarily thanks to the low fees and its worldwide availability. Namely, Kucoin has over 10 registered million users in around 200 countries. It offers around 600 cryptos for its users to buy, sell, and trade.

The trading fees at Kucoin are dependent on the tier level of users, with fees ranging from 0.0123%-0.1%. Users can also get discounts & rebates on their trading fees depending on their Kucoin balance. Regarding the trading experience, Kucoin has support for four types of orders, namely, market, stop-market, limit, and stop-limit. It's also worth mentioning that hte the Kucoin mobile app is available for download on both Android and iOS.

Supported Countries for Kucoin

Kucoin is available in many major countries, including the UK, Russia, Germany, Australia, and India. Unfortunately for American traders, it is not licensed in the US, meaning that it can be a risky platform to trade at if you're from the US.

What Is Binance?

Binance is a centralized crypto exchange, and recently, it has become among the top crypto platforms for investors & traders. One of the main reasons why it’s so attractive is its low fees, as well as the large number of cryptocurrencies available.

However, keep in mind that Binance is better suited for intermediate crypto investors, and might not be the best choice for total newbies. This is mainly because of the platform’s complexity, as there’s simply too much going on - P2P exchanges, margin trading, yield farming, crypto staking, converting crypto, and much more. Still, the platform should receive praise for its features.

Another big plus Binance gets is its mobile app. If you want to use Binance on the go and access your crypto wallet at any time, you can simply download the Binance mobile app for iOS or Android.

Binance also has its own coin - BNB (Binance Coin) built on the Binance smart chain. It's a coin with a big exchange volume, and you can earn some decent rewards by holding it in your Binance account.

Supported Countries for Binance

Binance is available in most European countries, like Spain, Germany, Slovenia, Poland, etc. It’s also available in other regions of the world, like Asia and North America, including countries like Indonesia, Singapore, the USA, and Canada.

Pricing Comparison

Kucoin vs. Binance: Which Platform Is More User-Friendly?

While both platforms are well known for being user-friendly, there are some key differences between the two.

Namely, Kucoin offers features and tools that are geared more toward advanced users. In addition to that, Kucoin has received less impressive remarks from its users regarding the usability of its user interface. There are occasional reviews about their banking system too, specifically regarding withdrawals.

Binance deserves a lot of praise for its user-friendliness, but not much regarding its beginner-friendliness. As we mentioned before, the platform can look a bit overwhelming if you’re unfamiliar with the crypto world and its terms. So, we highly recommend dwelling a bit in the crypto space and learning more about the theory behind cryptos before investing at Binance.

The Final Verdict: Which Platform Is Better?

While reviewing these two platforms, we did a fee and rate comparison, and we also looked at the user reviews for each platform to come to a final verdict. From our research, we can say that in most cases, Binance is a better platform overall, thanks to its nearly non-existent fees and also decent reviews from users.

In addition to that, Binance allows its users to use a lot more features than traditional crypto trading and investing. Users can stake their assets, perform yield farming, do a P2P exchange (with supported fiat currencies for crypto), and much more.