Kucoin and Etoro 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/USD/GBP/AUD/CAD|
Kucoin is an singaporean cryptocurrency trading and exchange platform that 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.
Etoro is an American, Australian, English exchange. The platform was created in 2007. It has gained immense popularity amongst its users in US, UK, AUS, being one of the recognized crypto exchanges for cryptocurrencies such as Bitcoin (BTC), Ethereum(ETH) or 25 other digital assets.
Let’s take a look at the prices for buying and selling Bitcoin on Kucoin vs Etoro.
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 Etoro charges a 0 for deposits.
Kucoin charges 0.1 of your purchase price while Etoro charges 0.75.
When selling crypto – Kucoin charges 0.1 while Etoro is 0.75.
Kucoin offers 5 main methods to deposit AUD, USD, EUR, GBP, RUB, CNY & 40+ more:
Paypal, debit cards, credit cards and Apple Pay
The daily limit is 0 per day which most people shouldn’t be concerned about hitting as it’s more than enough for the average user!
Etoro allows you transfer funds through their supported payment options which are:
Bank transfer, Paypal, Poli, credit/debit card, Wire Transfer, Klarna, Rapid Transfer, iDEAL, skrill, neteller
Etoro’s daily deposit limit is $500.
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
Etoro also takes the security of their customers seriously. Here is what they do to protect your assets:
2FA verification, cold storage
FDICinsured USD balances
While both exchanges are secure, it appears that Kucoin has better security over Etoro.
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.
Either exchange is a great choice with a great service but Kucoin comes out on top for me.
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