KuCoin and FTX are excellent choices for beginners getting started in crypto and seasoned veterans. Both exchanges provide high levels of security paired with a surprisingly low deposit and trade fees. This article will sift through all the details and differences between the two exchanges so you can choose the right one for your needs.
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| Currencies Accepted | AUD, USD, EUR, GBP, RUB, CNY & 40+ more | USD, EUR, GBP, AUD, HKD, CAD |
Kucoin
KuCoin is one of our favorite crypto exchanges. It is a Singapore-based exchange originally launched in Hong Kong in 2017. KuCoin has accrued over 9 million users in just four years, succeeding in its mission to provide a safe and straightforward crypto platform for traders worldwide. For our full breakdown on what makes KuCoin great, take a look at our complete review.
Pros
- Extremely low fees
- 370+ coins available
- Super secure
Cons
- No live chat support
- Not licensed in the U.S.
Ftx
KuCoin is one of our favorite crypto exchanges. It is a Singapore-based exchange originally launched in Hong Kong in 2017. KuCoin has accrued over 9 million users in just four years, succeeding in its mission to provide a safe and straightforward crypto platform for traders worldwide. For our full breakdown on what makes KuCoin great, take a look at our complete review.
Pros
- 130+ coins available
- Staking FTX’s coin FTT provides additional benefits
- Easy to swap coins and fiat currencies
Cons
- Not licensed in the U.S.
- Expensive fees to withdrawal USD
Kucoin vs FTX: Exchange Comparison
Fiat currencies accepted:
KuCoin: 50 different fiat currencies including USD, EUR, AUD, and others.
FTX: 40 different fiat currencies, including USD, AUD, EUR, and others.
Cryptocurrencies accepted:
KuCoin offers 307 different crypto coins such as BTC, ETH, DOGE, and just about any other crypto asset you can think of.
FTX offers 130 different crypto coins like BTC, ETH, DOGE, and many other coins that KuCoin supplies.
Kucoin vs FTX Fees:
When picking a crypto exchange, trading and deposit fees are some of the most important factors to consider, so let’s dive in.
Both Kucoin and FTX have super low trading fees.
Kucoin’s fees sit at .1%, and you can get a 20% discount if you use the KCS coin (KuCoin’s token) to pay your fees.
Trading fees are a bit more complicated with FTX as they differentiate between makers and takers. A maker creates buy or sell orders that are executed at a specific price and will only have to pay a .02% fee. Taker orders, which are executed immediately, have a higher .07% fee.
🏆 Winner: FTX
Deposit methods:
With KuCoin, you can deposit cryptocurrency easily, and there are zero fees involved. Until recently, you couldn’t deposit fiat currency on KuCoin, but could still instantly purchase coins via Paypal, debit cards, credit cards, and Apple Pay. Fortunately, KuCoin recently released its KuCoin Fiat Account, allowing you to deposit and convert more than 50 different fiat currencies, including USD, EUR, AUD, and others.
FTX, like KuCoin, has zero fees for cryptocurrency deposits. You can also deposit USD, AUD, EUR, and 40+ other types of fiat currencies. All of these fiat currencies can be deposited via bank transfer, PayPal, Silvergate SEN, PayID, and debit or credit cards.
Winner: KuCoin, with its optimized Fiat Account, makes it easy to deposit
Staking on Kucoin vs FTX
In the crypto trading world, staking is similar to mining as traders actively participate in transaction validation on a proof-of-stake blockchain.
The user experience when staking on KuCoin is simple. There isn’t much to it other than locking your crypto funds in a wallet to receive rewards. KuCoin is an innovator in staking as they introduced the concept of Soft Staking in 2019. Soft Staking allows its users to receive staking rewards without ever locking their funds.
Staking on FTX is similar to other exchanges, except you receive additional benefits when staking FTX’s coin (FTT). When you stake FTT, you’ll be rewarded with trading fee discounts, waived blockchain fees, and increased airdrop rewards.
🏆 Winner: KuCoin
KuCoin’s Soft Staking innovation makes it easy to earn interest on your crypto without having to lock away your currency.
Notable Features:
One of the most attractive features of KuCoin is that it offers over 370 different cryptocurrencies to trade. It also has its innovative Soft Staking feature, which lets you earn interest and benefits on your coins without locking your coins. KuCoin also has a Trading Bot that you can adjust with rules you set to have your bot execute trades for you automatically, even when you are asleep.
FTX also offers a wide variety of coins to choose from with 130+ different options, just not quite as many as KuCoin. Another notable feature is the ability to buy and sell NFTs on FTX’s NFT Marketplace.
🏆 Winner: KuCoin
KuCoin’s Soft Staking and Trading Bot features are simply too hard to beat
Security features:
KuCoin prides itself on bank-level asset security. They achieve this through a multitude of security measures such as micro withdrawal wallets, industry-level multilayer encryption, and dynamic multi-factor authentication.
FTX is a super safe crypto exchange through its partnership with Chainalysis, which monitors all suspicious cryptocurrency transactions. FTX also completes manual reviews of large or suspicious deposits and withdrawals, adding another blanket of protection for funds in your wallet.
🏆 Winner: KuCoin
KuCoin. Not many exchanges can beat KuCoin’s bank-level asset security achieved through their variety of features.
Regulation compliance:
KuCoin has always taken security and regulation compliance super seriously. While Know Your Customer (KYC) is standard among crypto exchanges, KuCoin has doubled down on security and compliance by implementing Know Your Transaction (KYT) that tracks all possible illicit activity occurring on the exchange.
FTX is also a legit exchange that is regulated by the Hong Kong financial authority and utilizes KYT.
🏆 Winner: KuCoin
Customer service:
One of the only areas KuCoin lacks in customer service. Unlike some of the best exchanges, they do not offer live chat support. Instead, you will have to email [email protected] and wait for a response.
For FTX, customer service is one of its strengths. They offer live chat and emails across ten different languages.
🏆 Winner: FTX
Mobile functionality/mobile app:
KuCoin offers one of the best mobile crypto trading apps that provide users with the desktop features they love in the palm of their hand. You can download KuCoin’s app on iOS and Android devices. With over a million downloads on Google Play and a 4.5-star rating from 13,000 reviews, it’s a mobile crypto trading app you can trust.
FTX has a great mobile app available for iOS and Android. FTX Pro has over 500,000 downloads and a 4.6-star rating on the Google Play store. The app is super user-friendly and makes tracking coins on the go easy to navigate.
🏆 Winner: KuCoin
KuCoin’s trading app is better established and offers many of the exchange’s unique features for mobile users