Have you ever heard about two famous cryptocurrency exchanges – KuCoin and Coinbase? If so, how do they compare with each other in terms of fees (security), available coins for trading/buying etc.? We look at both platforms side by side to find out which one is better.
KuCoin vs Coinbase: Quick overview
KuCoin is a cryptocurrency exchange launched in September 2017. The company is based in Hong Kong. KuCoin has a very user-friendly interface and offers its own token ( KuCoin Shares) which gives users a discount on trading fees and allows users to trade a variety of digital assets including Bitcoin, Ethereum, Litecoin, and more.
Coinbase is one of the most popular cryptocurrency exchanges in operation today. The company was founded in 2012 and is based in San Francisco, USA. Coinbase allows users to buy and sell Bitcoin, Ethereum, Litecoin, and other digital currencies. The platform also offers a wallet service for storing cryptocurrencies.
KuCoin vs Coinbase: Fees
Both KuCoin and Coinbase offer very competitive fees. KuCoin charges a trading fee of 0.1% while Coinbase charges a 1% trading fee. KuCoin also offers a Kucoin Bonus which gives users a discount on trading fees. KuCoin also has a referral program which gives users a percentage of the fees charged by referrals. Coinbase does not have a referral program.
KuCoin vs Coinbase: Available coins
KuCoin offers a much wider selection of digital assets than Coinbase. KuCoin currently offers over 50 different digital assets while Coinbase only offers four. This makes KuCoin a much better option for investors who want to trade a variety of digital assets.
KuCoin vs Coinbase: Security
Both KuCoin and Coinbase offer very good security features. KuCoin uses two-factor authentication and stores the majority of its funds in cold storage. Coinbase also uses 2FA and stores the majority of its funds in cold wallets. KuCoin has never been hacked while Coinbase was hacked in June of 2017.
KuCoin vs Coinbase: Customer support
KuCoin offers 24/7 customer support via live chat, email, and telephone. Coinbase also offers 24/7 customer support but only offers live chat and email support. KuCoin is much better in this regard as it offers more channels for customer support.
KuCoin vs Coinbase: Conclusion
Overall, KuCoin is the better option for investors who want to trade a variety of digital assets. The platform has lower fees, more available coins, and better customer support than Coinbase. KuCoin is also a very safe and secure platform that has never been hacked.