Kucoin and Coinbase 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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- Large crypto exchange with over 8 million users worldwide
- Strong user base
- Not licensed in the U.S.
Kucoin is a cryptocurrency exchange platform that was created in 2017. It has gained huge popularity amongst its users and it’s also said to be one of the recognized crypto exchanges in Singapore, with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) & 400 other assets on board!
- Solid variety of altcoin choices
- Extremely simple user interface
- High fees when not using Coinbase Pro
Coinbase, a American-based cryptocurrency exchange platform, has been in the crypto industry since 2012. It is one of the most trusted exchanges in US and includes cryptocurrencies such as Bitcoin, Ethereum, XRP, and over 46 other digital currencies.
How much does it cost to trade on Kucoin and Coinbase?
First, let’s take a look at how deposit fees work. Deposits on Kucoin costs 0. On Coinbase they charge 3.99% fee via debit card for a deposit.
When it comes to buy fees Kucoin charge 0.1 and Coinbase charges 0.50%.
When selling Bitcoin or other cryptocurrencies, Kucoin takes 0.1 while Coinbase is 0.50%.
Kucoin offers 5 main methods to deposit AUD, USD, EUR, GBP, RUB, CNY & 40+ more to your account. They 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.
Coinbase allows you transfer funds through their supported payment options which are Bank Account, Instant Cashouts, Debit Card, Wire Transfer, PayPal, Apple Pay.
Coinbase’s daily deposit limit is $50 (for initial verification).
The bottom line is, Kucoin is the best choice as they have more deposit methods available which makes it easier to transfer funds.
Kucoin is well known for their security measures. They use the following methods:
Offline cold storage
Establishing and maintaining a Risk Based Approach
Coinbase also takes the security of their customers seriously. Here is what they do to protect your assets:
2FA via SMS or Google Authenticator app
Cold storage and multisignature wallets
KYC and antimoney laundering protections
While both exchanges are secure, it appears that Kucoin has better security over Coinbase.
Kucoin has a great, user-friendly mobile app which has a user rating of 4.5 on the Apple app store.
While Coinbase does not have an app, it’s website is accessible through a mobile browser.
Kucoin has been the top choice for those in Singapore for a while now. They offer great exchange rates, 24/7 support and low fees.
Sign up now using the links below: