Kucoin vs Crypto.com: Who Wins Head To Head?
3 min to read
Introduction: Are you feeling overwhelmed by the sheer number of cryptocurrency exchanges out there? You're not alone! That's why we're taking a closer look at two of the most popular ones, Kucoin and Crypto.com. By the end of this comparison, you'll have a better idea of what each exchange has to offer, including their signup process, features, fees and much more. Read on so that you can make an informed decision and pick the exchange that fits your trading needs!
Kucoin vs Crypto.com: Overview
China, Albania, Ecuador, Moldova
If you're on the hunt for a cryptocurrency exchange, you might have come across Kucoin and Crypto.com. These two powerhouses have been around since 2017 and 2016, respectively. Kucoin is headquartered in the Seychelles, while Crypto.com is hanging out in Singapore. Kucoin has over 600 employees compared to a whopping 4,000 employees for Crypto.com.
Kucoin vs Crypto.com: Signup & KYC
Both platforms have simple signup processes that take under a minute. But, there's a difference between the two: Kucoin doesn't require you to verify your identity (KYC) to start trading, while Crypto.com requires KYC.
If you're okay with getting verified, you'll be pleased to know that both exchanges offer speedy verification processes. Kucoin's Basic verification can take just a few hours to get approved, while Crypto.com can have you verified and ready to go in less than 10 minutes! So, depending on how quickly you want to get started, you can choose the exchange that works best for you.
Kucoin vs Crypto.com: Products & Services
For those seeking a plethora of trading options, both Kucoin and Crypto.com are robust platforms. They both offer a wide range of trading services, including Spot, Futures and Margin Trading. Crypto.com however offers more trading options with Perps and Trading Bots which are not available on Kucoin.
Tthere is a alsodifference between the two when it comes to the number of available cryptocurrencies. Kucoin takes the lead with a staggering 700 cryptocurrencies compared to the 250 offered by Crypto.com. In addition, Kucoin also offers higher Futures leverage (up to 100X) and Margin (up to 10X), while Crypto.com offers 20X leverage for Futures and 10X for Margin trading.
Kucoin vs Crypto.com Fees
When it comes to trading fees, Kucoin and Crypto.com are quite comparable. But which exchange offers the better deal for traders? Let's take a closer look.
Kucoin charges a spot maker fee of 0.10% and a spot taker fee of 0.10%, which is quite competitive. Meanwhile, Crypto.com offers even lower spot fees, with a maker fee of 0.075% and a taker fee of 0.075%. Not bad at all!
Looking at futures trading, both exchanges offer competitive fees as well. Kucoin's futures maker fee is 0.02%, and the taker fee is 0.06%, while Crypto.com charges a maker fee of 0.017% and a taker fee of 0.034%.
Crypto.com comes out on top with the lowest fees for both spot and futures trading!
Kucoin vs Crypto.com: Deposit Methods
When it comes to depositing fiat currencies, let's look at how Kucoin and Crypto.com compare.
Crypto.com only supports USD deposits by wire transfer, which is great for those who deal primarily in US dollars. Meanwhile, Kucoin has an edge with support for 28 fiat currencies, making it a more diverse option for buying crypto with fiat. It's worth noting that Kucoin charges a 3.8% deposit fee for deposits with Visa and Mastercard, compared to Crypto.com's 0.0% fee for wire transfer and USD Bank transfer.
Bank transfer, Visa/MC, SWIFT
Bank transfer, Visa/MC, SEPA
Bank transfer, SEPA, Visa/MC
Bank transfer, VIsa/MC, SEPA
Kucoin vs Crypto.com: Withdrawal Methods
Now, let's wrap things up by comparing fiat withdrawal options from from Kucoin and Crypto.com.
If you're withdrawing EUR, Kucoin has got you covered with SEPA withdrawals with a 5 EUR fee. Meanwhile, Crypto.com only supports USD withdrawals via bank transfer without any withdrawal fee. This is a great option if you're operating primarily in US dollars.
Both exchanges offer free withdrawals for many other fiat currencies, but only Kucoin offers Faster Payments Service (FPS) withdrawals, which cost 1.95 GBP.
Bank transfer, Visa/MC, SWIFT
Is Kucoin better than Crypto.com?
You should go with Kucoin if:
- You want to access to over 700 cryptocurrencies
- You want access to low trading fees (0.1%)
- You want to trade spot, perpetuals and futures
You should go with Crypto.com if:
- You want access over 250 cryptocurrencies
- You want access to the lowest spot trading fees (0.075%)
- You want access to free USD deposit and withdrawals