Kucoin and Wazirx 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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|Currencies Accepted||AUD, USD, EUR, GBP, RUB, CNY & 40+ more||EUR, INR, RUB|
- Large crypto exchange with over 8 million users worldwide
- Strong user base
- Not licensed in the U.S.
Kucoin’s singaporean-based cryptocurrency trading and exchange platform has gained immense popularity among its users. It is also said to be one of the highest rated exchanges in Singapore, with cryptocurrencies such as Bitcoin, Ethereum and 400 other crypto assets on their platform since 2017.
- Directly deposit INR from your Bank Account
- Easy User Interface
- no Market Buy/Sell button
Wazirx offers BTC/AUD as well as 10+ other assets for purchase with AUD, USD, EUR, GBP, RUB, CNY & 40+ more.
Every time you buy, sell, deposit and withdraw, each exchange will charge certain fees. Here’s a comparison of the fees between Kucoin VS Wazirx.
First you’ll need to deposit your money on the exchange in AUD, USD, EUR, GBP, RUB, CNY & 40+ more. Kucoin takes a cut of 0 and Wazirx charges a 5.9 for deposits.
Every time you buy crypto, Kucoin charges a fee of 0.1 and Wazirx charges 0.20%.
When you go to sell your Bitcoin or Crypto Kucoin charges 0.1 and Wazirx takes a 0.20% cut.
After depositing, buying, selling and withdrawing, Kucoin is the better option because it’s cheaper.
Kucoin offers 4 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.
Wazirx offers a few methods to deposit AUD, USD, EUR, GBP, RUB, CNY & 40+ more to your account. They are NEFT/ RTGS/ IMPS, Mobiwik, Net Banking, Bank Transfer.
The daily deposit limit is 4 to 5.9 INR.
Overall, Kucoin is a better option because it has more deposit methods available which makes it easier to transfer funds.
Kucoin is an established exchange in Singapore. 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.
Wazirx is also hughely popular exchange in India. They use the following methods:
TwoFactor Authentication (2FA) Setup, Change & Recovery, Securing your WazirX account, Google Authenticator and Mobile OTPbased authentication.
Both exchanges are secure, but it appears that Kucoin has better security over Wazirx.
Kucoin has a great, user-friendly mobile app which has a user rating of 4.5 on the Apple app store.
While Wazirx does not have an app, it’s website is accessible through a mobile browser.
Either exchange is a great choice but Kucoin is a winner as their service is top notch.
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