Kraken vs KuCoin
By Top 10 team Published June 18, 2022
Kraken vs KuCoin:
The top 10 Crypto team is dedicated to ranking and comparing top exchanges in the market. To review references used in this review, please revert to the reference table at the end of this review. this review is not sponsored.
KuCoin is one of the world’s largest cryptocurrency exchanges, with over 11 million customers, while Kraken is a well-known cryptocurrency exchange situated in the United States. Which one should you go with?
It’s impossible to tell if Kraken or Kucoin is the better option for you based just on their ratings and quantity of features. While this is helpful information, it does not indicate how well each choice will work for you. It depends on whether they have the skills you require for success if they can scale with your company, whether they will interface with your existing tools, the price choices available, and the level of support provided.
To assist readers in selecting a platform, we compared Kraken vs Kucoin by examining supported currencies, security measures, overall fees, and features.
- Fees: 0% to 0.26% per trade, 3.75% + €0.25 for credit card purchases, and 0.5% for online banking processing
- Currencies: 120+
- Security: 2FA withdrawal email confirmation, air-gapped cold storage, strict surveillance, precise API key permission control, SSL encryption
- Wallet: N/A
- Transactions Supported: Buy, sell, send, receive, exchange, margin trading, limit order, market order, stop-loss limit order, stop-loss market orders, futures trading, take profit market order, and more
- Daily Trading Amount: $100,000
- Mobile App: iOS and Android
- An updated and shorter verification process
95% of assets kept in cold storage
Accessible to users in 48 U.S. states
- U.S. users can’t deposit or withdraw funds via ACH
Beginners may face a learning curve.
- Fees: 0.08% to 0.02% maker fees, 0.1% to 0.025% taker fees, plus 2.99% for credit card purchases
- Currencies: 600+
- Security: KuCoin utilizes several layers of security, including micro-withdrawal wallets, industry-level multilayer encryption, and dynamic multi-factor authentication
- Wallet: Decentralized Crypto Wallet To Offer Users Web 3.0 Services
- Transactions Supported: Buy, sell, send, receive, withdraw, and exchange
- Daily Trading Amount: N/A
- Mobile App: iOS and Android
Low trading fee
Earn interest on your crypto
Wide selection of cryptocurrencies
Not licensed in the U.S
Limited payment method
Not recommended for new traders
Methodology
Kraken and Kucoin share 14 similar advantages, yet differences exist. First, we evaluated both platforms by looking at the advantages each platform provides, whether it is through their application or web platforms, such as tutorials and guides for beginners, advanced features for experienced traders, fees associated with trading and withdrawal, and the signup bonus you can claim today.
Verdict on Kraken vs KuCoin:
We separated our detailed fact-based investigation findings to portray the statistics of Kucoin vs Kraken comparison as precisely as possible.
The overall score comparison between Kucoin and Kraken cryptocurrency exchanges indicates that Kucoin has a better overall score of 8, while Kraken has a score of 3. When it comes to ease of use, it’s evident that Kucoin has a better and smoother user experience than Kraken in this Kucoin vs Kraken comparison.
at Kraken.com
at KuCoin.com
