Kucoin vs Swyftx: Which One [2021]

Kucoin and Swyftx 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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Rating
Cheaper Fees
Payment Methods
Direct Deposit
PayPal
Pay ID
Poli
Features
Beginner Friendly
Mobile App
Cold Storage
2-Factor
Currencies Accepted AUD, USD, EUR, GBP, RUB, CNY & 40+ more AUD

Kucoin

Pros

  • Large crypto exchange with over 8 million users worldwide
  • Strong user base

Cons

  • Not licensed in the U.S.

Kucoin is a cryptocurrency trading and exchange platform that was conceived in 2017. After operating for that long, the company gained a great reputation amongst its users and is one of the best crypto exchanges on singaporean soil. It currently offers BTC/AUD as well as 400+ other assets for purchase with AUD, USD, EUR, GBP, RUB, CNY & 40+ more.

Sign Up Here

Swyftx

Pros

  • Call feature for beginners
  • Lower transaction fee
  • Lower spreads

Cons

  • Automatic conversion from AUD to USD

Swyftx, a cryptocurrency platform based in Australia has been operating since 2017. The company offers exchange services for Bitcoin (BTC), Ethereum(ETH) and many other digital currencies to its customers across America making it one of this country’s most trusted exchanges today!

Coin Companion offer: Free $10 to trade with in Swyftx when you register through the link below.

Sign Up Here

Fees

How much does it cost to trade on Kucoin and Swyftx?

First, let’s take a look at how deposit fees work. Deposits on Kucoin costs 0. On Swyftx they charge 0 for a deposit.

When it comes to buy fees Kucoin charge 0.1 and Swyftx charges 0.60%.

When selling Bitcoin or other cryptocurrencies, Kucoin takes 0.1 while Swyftx is 0.60%.

Deposit Methods

Kucoin offers 5 methods to deposit AUD, USD, EUR, GBP, RUB, CNY & 40+ more on their platform. They are Paypal, debit cards, credit cards and Apple Pay which makes it easy for users as they’re already familiar with these methods.

The daily limit is 0 but for most people this shouldn’t be an issue.

Swyftx provides these options: bank transfers, BPay, PoLi, PayID, credit and debit cards.. Their daily deposit limit is 0.

Taking this into account, we recommend Kucoin for easy deposits.

Security Features

Kucoin also takes security seriously with several measures in place for protecting your assets. Among these features are:

Offline cold storage

2FA

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Swyftx also has security measures in place and here is what they do to protect your assets:

using JWT tokens & session expiry

offering 2FA account protection

checking for breached passwords on other websites

Both exchanges are definitely secure, though it appears that Kucoin has better security features over Swyftx.

Mobile App

Kucoin’s mobile app is highly rated by their users with a user rating of 4.5 on the Apple app store.

Swyftx 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.

Final Verdict

Either exchange is a great choice but Kucoin is a winner as their service is top notch.

Sign up now using the links below:

Kucoin

Sign Up Here

Swyftx

Coin Companion offer: Free $10 to trade with in Swyftx when you register through the link below.

Sign Up Here

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