Coinbase and KuCoin are both cryptocurrency exchange companies; and this article will be comparing these two global crypto brands on every side so that you as a trader or user would have a better insight of them, each and whenever you bump into these platforms for whatever reasons. Let’s briefly browse through them side by side to get a clearer picture.
How well are they Ranked?
Ranking via trading volume showed that both Coinbase and KuCoin are ranked among the top cryptocurrency exchanges in the world. Trading volume in terms of digital currencies is the amount of trading activity on a given asset.
Which of them has more Coins?
When it comes this, KuCoin wins the available cryptocurrency section, offering about 500+ cryptocurrencies, compared to Coinbase which supports just about 150+.
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Is Coinbase as Safe as KuCoin?
Despite the hacking spree reported by some affected Coinbase users in 2021, as well as the hacking incident reported by KuCoin in 2020; of which no user was allowed to be affected, both platforms remain very secure with adequate insurance cover for any cybersecurity breaches.
Is Coinbase Trading Fee higher than that of KuCoin?
Coinbase has higher trading fees than KuCoin; and that’s why KuCoin’s relatively low fees remain one of the biggest selling points of KuCoin. While KuCoin charges up to 0.1% fee, depending on level, Coinbase charges between 1.49% and 3.99% fee (or a $0.99 to $2.99 flat fee).
How’s Coinbase’s Wallet Storage and Minimum Trade Features Compared to that of Kucoin?
In respect to wallet storage features; Coinbase keep coins on Coinbase account, Coinbase wallet, or allows you transfer to your own wallet, while KuCoin keep coins on exchange, held in a hot wallet, or allows you transfer to your own wallet. Coinbase also has a minimum trade fee of $2 while that of KuCoin depends on the token.
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Is Coinbase More Preferable to U.S Crypto Traders than Kucoin?
For U.S crypto traders, Coinbase probably remain the better option despite its higher trading fees, because it is licensed for operation and been regulated in the U.S while KuCoin is not. More so, it enables you as a U.S based user to use U.S. dollars to buy crypto in a more simple and concise matter; meaning that there is a full support for the easy use of U.S. fiat currency, as compared to KuCoin.
Which of these Platforms would be more preferable to Crypto Traders outside U.S?
Users outside the United States may prefer KuCoin compared to Coinbase because of its lower fees, as well as the enablement to access hundreds of altcoins that arent available on other exchanges. Aside this, KuCoin can also be a great option for you as an advanced cryptocurrency trader who wants features that aren’t available on other exchanges like Coinbase.
Who is Coinbase and KuCoin best for?
Coinbase is basically a great and easy choice for you as a beginner, while KuCoin is basically a good choice for you as an advanced crypto investor who tends to earn additional tokens by lending your crypto to others, coupled with you wanting to trade cryptocurrency futures and leveraged tokens.
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Conclusion
Whether Coinbase or KuCoin, the most important thing is to choose the best crypto exchange that will help you reach your goals effortlessly at any point in time.
While this cryptocurrency phenomenon is taking the world by a storm, it’s best not to choose risky and insecure brands for your crypto-related activities.