Coinspot and Kucoin are two of the best crypto exchanges available in Australia. In today’s post, we’ve done a side by side comparison so you can figure out which one is right for you.
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Coinspot is a cryptocurrency exchange platform that was created in 2013. It has gained huge popularity amongst its users and it’s also said to be one of the recognized crypto exchanges in Australia, with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) & 290 other assets on board!
Kucoin is an singaporean exchange. The platform was created in 2017. It has gained immense popularity amongst its users in Singapore, being one of the recognized crypto exchanges for cryptocurrencies such as Bitcoin (BTC), Ethereum(ETH) or 400 other digital assets.
Every time you buy, sell, deposit and withdraw, each exchange will charge certain fees. Here’s a comparison of the fees between Coinspot VS Kucoin.
First you’ll need to deposit your money on the exchange in AUD. Coinspot takes a cut of 0 and Kucoin charges a 0 for deposits.
Every time you buy crypto, Coinspot charges a fee of 0.10% and Kucoin charges 0.1.
When you go to sell your Bitcoin or Crypto Coinspot charges 0 and Kucoin takes a 0.1 cut.
After depositing, buying, selling and withdrawing, Coinspot is the better option because it’s cheaper.
Coinspot offers 3 methods to deposit AUD on their platform. They are bank transfers, BPay, PoLi, and PayID., which makes it easy for users as they’re already familiar with these methods.
The daily limit is 0 but for most people this shouldn’t be an issue.
Kucoin provides these options: Paypal, debit cards, credit cards and Apple Pay. Their daily deposit limit is 0.
Taking this into account, we recommend Coinspot for easy deposits.
Coinspot has been around for longer than most. They offer high security measures to protect their customers’ assets with the following techniques:
ISO 27001 Certification, HackerOne Bug Bounty Program, Industry Best Practice Offline Storage Protocols – all in an effort to keep you safe while trading on CoinSpot.
Kucoin is another popular exchange in Singapore. They use the following methods:
Offline cold storage, 2FA, Establishing and maintaining a Risk Based Approach.
Both exchanges are secure, but it appears that Coinspot has better security over Kucoin.
Coinspot mobile app is a highly rated one with 2.5 stars on Apple’s App Store. It has an easy and intuitive UI that makes it great for beginners, but experienced traders may miss some advanced features like Candle Sticks or Trade Management Tools.
Kucoin also provides an excellent user experience depending on the type of trader you are seeking to become! With its simple yet powerful interface, Kucoin could be just what your trading needs demand.
Either exchange is a great choice with a great service but Coinspot comes out on top for me.
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