Kucoin and Ftx are two of the best crypto exchanges available in Singapore. In today’s post, we’ve done a side by side comparison 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||USD, EUR, GBP, AUD, HKD, CAD|
- 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.
- Wide range of trading products, including unique ones
- Low trading fees
- no withdrawal/deposit charges
- No demo account is available
Ftx has been around since 2017 when it first gained popularity amongst its users, making them one of US, The Bahamas, Antigua and Barbuda’s most recognized exchanges. Kucoin offers trading in Bitcoin, Ethereum and 900 other cryptoassets.
How much does it cost to trade on Kucoin and Ftx?
First, let’s take a look at how deposit fees work. Deposits on Kucoin costs 0. On Ftx they charge 0 for a deposit.
When it comes to buy fees Kucoin charge 0.1 and Ftx charges 0.
When selling Bitcoin or other cryptocurrencies, Kucoin takes 0.1 while Ftx is 0.07%.
Kucoin offers 5 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.
Ftx offers a few methods to deposit AUD, USD, EUR, GBP, RUB, CNY & 40+ more to your account. They are:
Bank transfer, Paypal, Visa and Mastercard credit and debit cards, PayID, Poli, Silvergate SEN
The daily deposit limit is no minimum deposit.
Overall, Kucoin is a better option because it has more deposit methods available which makes it easier to transfer funds.
Kucoin has been around for longer than most. 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.
Ftx is another popular exchange in US, The Bahamas, Antigua and Barbuda. They use the following methods:
Personal Account Security, Additional Security Features, Exchange Security.
Both exchanges are secure, but it appears that Kucoin has better security over Ftx.
Kucoin’s mobile app is highly rated by their users with a user rating of 4.5 on the Apple app store.
Ftx 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.
Either exchange is a great choice with a great service but Kucoin comes out on top for me.
Sign up now using the links below: