Coinbase is among the largest crypto exchanges that are based in the U.S. The primary focus of this platform is to offer a simple and beginner-friendly interface. On the other hand, KuCoin is also one of the most popular and largest crypto trading platforms around the globe. Currently, KuCoin is serving over 11 million customers. It offers a massive range of cryptocurrencies (600).
However, Coinbase is quite popular among new traders. It offers a variety of different deposit options. You can also withdraw fiat currencies without any hassle. On the other hand, KuCoin is a platform with more advanced features. So, it is a favorite exchange among experienced traders.
To assist you while choosing the best among these two exchanges, we have compared them comprehensively.
Coinbase Trading Platform
Coinbase is a preferred choice for beginners as this platform offers an easy-to-use interface and impressive features for newcomers. Besides, Coinbase also supports a variety of fiat currencies such as USD, GBP, and Euro. Furthermore, this platform relies on strong safety features such as hot storage insurance, AES-256 encryption, 2FA verification, and biometric logins for unmatched protection and security of the cryptos.
Coinbase offers a unique way of earning cryptos through its “Coinbase Earn” feature. This involves watching short education videos about cryptocurrency. Each video is 3 minutes long, and you can earn crypto after watching each of these videos.
Besides, Coinbase also has a wallet app, which you can download on your mobile. You can not only store your cryptos in this wallet but also access various decentralized apps. Furthermore, you can collect NFTs and participate in events like airdrops or ICOs.
- Wallet app
- Allows to earn cryptos
- Ability to collect NFTs and participate in airdrops or ICOs
- Supports more than 160 cryptocurrencies
- Funds in the Hot wallet are insured
- User-friendly dashboard
- Take a few minutes to set up an account
- Complicated fee structure
- Can't access the private key
KuCoin Trading Platform
The best feature that distinguishes this crypto exchange from others is the trading bots. You can use these bots to maximize your profits. However, when using the desktop version, you can only use Spot Grid Bot. The remaining bots are available on KuCoin's mobile app.
Using these bots is easy, you need to set the rules for trading, and the rest of the job is done by the bot. Apart from this, you can also copy the parameters of the best-performing bots. Since the bots are running on the cloud, your PC or phone doesn't need to run while the bots operate.
Besides, KuCoin also allows you to earn cryptos by keeping your crypto assets in your KuCoin account. The first method requires you to buy and hold KCS coins. By simply having KCS coins (6-minimum), you can earn daily interest on these coins with an estimated APR of 22%. You can also earn interest by lending your cryptos to others.
You can lend more than 160 available coins. The lending period ranges from 7 to 28 days. When it comes to security, KuCoin takes every measure to protect the stored cryptos. KuCoin collaborates with Onchain Custodian, which is a crypto asset custody platform. It ensures the safekeeping of all the crypto assets stored on this platform.
- Trading bots
- Crypto lending
- Owns a native coin (KCS)
- Interest bearing account
- Over 600 supported cryptocurrencies
- Extremely low fees of 0.1%
- 20% discount when paying with KCS
- Doesn't support fiat deposits or withdrawals
- Less vigilant customer service
Coinbase vs. KuCoin
Listed below are the major factors that play a critical role when comparing Coinbase and KuCoin exchange.
1. Coinbase vs. KuCoin: Fees
The Fiat deposit option isn't available with KuCoin. For buying cryptos with fiat, you purchase them directly without pre-funding your account. KuCoin could charge anywhere between 3% to 5% depending on your payment method.
When buying crypto via Coinbase, you can fund your account with fiat currency. Besides, purchasing directly through fiat currency is also possible. There is no fee for an ACH transfer, but you have to pay a $10 fee for a wire transfer.
Talking about the trading fees, KuCoin charges only 0.1% of the total amount. For large trades, you can expect a further reduction in the trading fees. The fee structure adopted by Coinbase is relatively confusing. First, there is a 0.50% spread fee, and there is another fee on top of it.
2. KuCoin vs. Coinbase: User Experience
Coinbase is an easy-to-use platform with a simple and clean interface. When it comes to customer services, you talk to the support team at any time of the day or night. Besides, the FAQ section also proves helpful while solving most of your issues.
KuCoin is also an easy-to-use platform. The interface is easy to learn and offers a wide range of trading options depending on your requirements. For customer support, you can either use the live chat option or contact the support team via a Mobile app.
3. Coinbase vs. KuCoin: Mobile Apps
You can carry out your crypto trading via KuCoin app. This app is available for both Android and iOS devices. Just like the desktop version, the app-based platform offered by KuCoin also tends to be user-friendly. This app allows you to access two trading bots (DCA and Infinity Grid). These bots aren't available on the web-based platform.
Coinbase also offers mobile apps for both iOS and Android apps. This particular app is easy to use and offers most of the features available on the web-based platform. You can use this app to store, trade, and transfer your cryptos without compromising their security.
4. KuCoin vs. Coinbase : Technical Charting
This feature is available in both the Coinbase and KuCoin exchanges. The charting offered by Coinbase is easy to understand. KuCoin charting, on the other hand, offers advanced features. You won't find it difficult to understand if you are an experienced trader.
When choosing the most suitable crypto exchange for yourself, you need to consider its key features. These include trading fees, security, supporting currencies, and payment methods. Also, it would help if you considered whether your exchange accepts fiat currencies or not.
The fee structure of Coinbase is complex, which makes it difficult for the users to estimate the cost of trading cryptos. In this area, KuCoin leads ahead by offering a more straightforward fee structure. So, it can serve as a better alternative for lower fees.
Risk Disclosure: Any investments into alternative investments, including cryptocurrencies, come with an inherent risk, where you could end up making less money than what you put in. Before investing your hard-earned cash, be sure to speak with licensed professional financial advisor first. Always remember that past performance is not an indication of future returns.
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