Kucoin and Binance Australia are two of the best crypto exchanges available in Singapore. In today’s article we’ll compare the two of them head to head so you can figure out which one is right for you.
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|Currencies Accepted||AUD, USD, EUR, GBP, RUB, CNY & 40+ more||AUD|
- Large crypto exchange with over 8 million users worldwide
- Strong user base
- Not licensed in the U.S.
Kucoin is a cryptocurrency exchange that offers trading in Bitcoin, Ethereum and 400 other cryptoassets. It has been around since 2017 when it first gained popularity amongst its users, making them one of Singapore’s most recognized exchanges.
- Fast, Feeless Fiat Deposits and Withdrawals
- High Staking and Interest Rates
- Complex for Beginners
Binance Australia is a trusted cryptocurrency exchange that was started in 2017. With over 300 different digital currencies, they are one of the most popular exchanges around today, selling and buying all the major coins such as Bitcoin and Ethereum.
Every time you buy, sell, deposit and withdraw, each exchange will charge certain fees. Here’s a comparison of the fees between Kucoin VS Binance Australia.
First you’ll need to deposit your money on the exchange in AUD, USD, EUR, GBP, RUB, CNY & 40+ more. Kucoin takes a cut of 0 and Binance Australia charges a 0 for deposits.
Every time you buy crypto, Kucoin charges a fee of 0.1 and Binance Australia charges 0.10%.
When you go to sell your Bitcoin or Crypto Kucoin charges 0.1 and Binance Australia takes a 0.10% cut.
After depositing, buying, selling and withdrawing, Kucoin is the better option because it’s cheaper.
Kucoin offers 3 methods to deposit AUD, USD, EUR, GBP, RUB, CNY & 40+ more on their platform. They are Paypal, debit cards, credit cards and Apple Pay 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.
Binance Australia provides these options: Direct Deposit,Credit card, Cryptocurrency, Debit card, Osko, PayID. Their daily deposit limit is $10k.
Taking this into account, we recommend Kucoin for easy deposits.
Kucoin is an established exchange in Singapore. They offer high security measures to protect their customers’ assets with the following techniques:
Offline cold storage, 2FA, Establishing and maintaining a Risk Based Approach – all in an effort to keep you safe while trading on CoinSpot.
Binance Australia is also hughely popular exchange in Australia. They use the following methods:
Supports two types of 2FA, Manage your withdrawal addresses, Check the list of devices authorized to access your account.
Both exchanges are secure, but it appears that Kucoin has better security over Binance Australia.
Kucoin’s mobile app is highly rated by their users with a user rating of 4.5 on the Apple app store.
Kucoin has a great, user-friendly mobile app which has a user rating of 4.5 on the Apple app store.
For traders on the go who love smooth experiences, Kucoin is your best bet.
Both exchanges have great service but if I’d had to pick one overall it would be Kucoin.
Sign up now using the links below: