Kucoin and Cex.Io are two of the best crypto exchanges available in Singapore. In today’s post, we’ve compared the two so you can make the right choice.
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|Currencies Accepted||AUD, USD, EUR, GBP, RUB, CNY & 40+ more||EUR, GBP, RUB, USD|
- Large crypto exchange with over 8 million users worldwide
- Strong user base
- Not licensed in the U.S.
Kucoin’s singaporean-based cryptocurrency trading and exchange platform has gained immense popularity among its users. It is also said to be one of the highest rated exchanges in Singapore, with cryptocurrencies such as Bitcoin, Ethereum and 400 other crypto assets on their platform since 2017.
- 24/7 customer support and mobile access
- Low fees
- Limited coin options (CEX.IO offers more tokens)
Cex.Io, a England-based cryptocurrency exchange platform, has been in the crypto industry since 2013. It is one of the most trusted exchanges in UK and includes cryptocurrencies such as Bitcoin, Ethereum, XRP, and over 80 other digital currencies.
Let’s take a look at the prices for buying and selling Bitcoin on Kucoin vs Cex.Io.
The first thing to consider are the deposit fees.
First you’ll need to deposit your AUD, USD, EUR, GBP, RUB, CNY & 40+ more on the exchange. Kucoin takes a cut of 0 and Cex.Io charges a 2.99% for deposits.
Kucoin charges 0.1 of your purchase price while Cex.Io charges 0.25.
When selling crypto – Kucoin charges 0.1 while Cex.Io is 0.16.
Kucoin offers 3 methods to deposit AUD, USD, EUR, GBP, RUB, CNY & 40+ more. These are:
Paypal, debit cards, credit cards and Apple Pay
The daily deposit limit is 0. Most people won’t need to worry about hitting that limit.
Cex.Io offers a few methods to deposit AUD, USD, EUR, GBP, RUB, CNY & 40+ more to your account. They are:
Bank transfer, Credit card, Cryptocurrency, SWIFT, SEPA, Faster Payments (FPS)
The daily deposit limit is $20.
Overall, Kucoin is a better option because it has more deposit methods available which makes it easier to transfer funds.
Kucoin protects your privacy and security using the following methods:
Offline cold storage
Establishing and maintaining a Risk Based Approach
In UK, Cex.Io is one of the most secure exchanges. They use a variety of methods to protect their customers from hackers, including:
Protection against DDoS attacks
compliance with PCI DSS standards
cryptocurrency cold storage
With this in mind it appears that Kucoin has better security over Cex.Io.
Kucoin’s mobile app is highly rated by their users with a user rating of 4.5 on the Apple app store.
Cex.Io does not have an app, however its website is accessible through a mobile browser, and is simple enough to use.
Kucoin is your best bet for traders who value a great mobile app.
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: