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Kucoin VS Binance, which exchange is best?

Kucoin vs Binance which crypto exchange should you use?  It’s a tough question and one that many people are asking. In this blog post, we will compare the two exchanges in four different categories: Security, Liquidity, Fees, and Customer Service to figure out which is best for you!

There are a few things to consider when you sign up for an exchange. When signing up, most exchanges will ask for your username (the name that other people see), password, and email address. After filling this out, the next step is usually linking some form of payment information or connecting it with something like PayPal. The last thing needed before using an account on a crypto exchange is setting two-factor authentication to make sure nobody has unauthorized access to your account!

KuCoin VS Binance – Security

Security: What security measures does Kucoin take? How about Binance? For example – what encryption methods do they use, how many different types of identification steps are required, and so on…

One important consideration in terms of security is whether or not the website encrypts all of the data that you’re sending and receiving from them. Binance does this, while Kucoin doesn’t encrypt any of it!

KuCoin has a “Secure Socket Layer (SSL) encryption” which is a security protocol designed to ensure safe transmission of information between two computers over an insecure network such as the Internet.

One important consideration in terms of liquidity on these exchanges is how people are buying/selling coins, what volume those people represent when they make trades, and how much spread there might be between where the coin was bought/sold vs. its current value elsewhere – with higher levels meaning more Liquidity: What do we mean by liquidity? The ability to buy or sell large amounts without significantly affecting the market price.

Binance offers a liquidity pool of over $50 million, while Kucoin has only about $20 million in its liquidity pools.

Kucoin vs Binance – Fees and Customer Service

Fees: What are the fees for each exchange? For example – what are the transaction fee and withdrawal fee? Which one costs more or less? Where does all that money go if there’s no central bank controlling it as we have with our fiat currency (i.e., USD)?

KuCoin charges a .07% trading fee on both buy and sell orders, but Binance takes 0.05%. The difference in these numbers may seem small at first glance, but when you consider how many trades can be made by an individual per day this really makes a big impact! Both exchanges offer their own coins Binance Coin & Kucoin Token (BNB and KCS) when holding greatly reducing your trading fees.

Kucoin and Binance both have withdrawal fees, but they differ depending on how much you trade each day (Binance is based on a percentage).

Customer Service: Which one has better customer service? For example – which company responds to people’s inquiries faster, what languages are supported by chat systems like Telegram or Discord, etc.?

Both exchanges offer 24/hour customer support through their own channels such as email or live message boards. However, it seems that more often than not responses come later from Kucoin since it takes them longer to read messages. In addition to this, customers say they don’t get answers to questions about transactions until days after submitting, which is quite a long time to wait!

KuCoin VS Binance UI – Design and exchange platform

Design: What do we mean by design? Does this include everything from how a website looks to its usability – for example, is it easy to navigate around in different sections of the site without getting lost or confused?

Both exchanges have beautiful designs that are simple enough for everyone to use! Binance’s layout starts out with an overview of what crypto assets they offer at the top of their homepage which then leads into various tabs such as “ETH Markets” where you can click through all of their trading charts related to this specific coin. Kucoins’ interface follows along these same lines, but with a more rounded layout that makes everything look cohesive.

In terms of usability, Kucoin has an “Individual Investor” option where you can set up your account profile and start trading right away without undergoing verification procedures which are required on Binance (although it’s still not too difficult to get verified).

KuCoin vs Binance Trading Pairs

Trading pairs: What different crypto-assets do they offer? For example – what coins does each exchange accept in order for people and organizations around the world can trade with one another such as BTC, ETH, LTC or EOS?

KuCoin offers many different coin pairings including NEO/BTC, IOTA/ETH, and VENUS/KCS among others while Binance only provides BTC/ETH pairs.

KuCoin vs Binance API: What is an API?

An API, which stands for “application program interface” provides a way to access the core functions of software from outside that particular software. This can be extremely useful in terms of building on top of what has been created or developing new tools and applications.

KuCoin’s API documentation page offers limited information about its RESTful APIs but does mention how developers can find their specific endpoint URL by following this process. Binance doesn’t have any public documents available at all regarding their own API!

In addition to these differences, Kucoin is based in Singapore while Binance comes from China – with various pros/cons related to each country’s regulatory environment and history with cryptocurrencies (China recently banned cryptocurrency trading).

Head to head: KuCoin vs Binance – Quick summary

  • Kucoin charges a .07% trading fee on both buy and sell orders but takes 0.05%. The difference in these numbers may seem small at first glance, but when you consider how many trades can be made by an individual per day this really makes a big impact! Both exchanges offer their own coins (BNB and KCS) when holding greatly reducing your trading fees. In addition to the lower transaction fees, they also differ depending on how much you trade each day; with Binance being based on percentages while Kucoin has tiers for daily limits which decrease with time. It seems that customer service is something where KuCoin falls short. With a 24/hour customer service, KuCoin often takes longer to respond and doesn’t answer questions about transactions for days.
  • Kucoin does have an “Individual Investor” option where you can set up your account profile and start trading without going through verification procedures which are required on Binance (although it’s still not too difficult to get verified).
  • It seems that design is one of the biggest differences between these two exchanges; with Binance’s layout starting out with an overview of what crypto assets they offer at the top of their homepage which then leads into various tabs such as “ETH Markets” where you can click through all of their trading charts related to this specific coin while Kucoins’ interface follows along these same lines, but with a more rounded layout that makes everything look cohesive.
  • Trading pairs vary between the two exchanges as KuCoin offers many different coin pairings including NEO/BTC, IOTA/ETH, and VENUS/KCS among others while Binance only provides BTC/ETH pairs.
  • An API (application program interface), which stands for “application program interface”, is an important part of any crypto trading software; providing a way to access the core functions of software from outside that particular software. This can be extremely useful in terms of building on top of what has been created or developing new tools and applications. One thing where Kucoin falls short though is their limited public documentation about RESTful APIs available at this time; while Binance does not have any public documents available at all.
  • In addition to these differences, Kucoin is based in Singapore while Binance comes from China – with various pros/cons related to each country’s regulatory environment and history with cryptocurrencies (China recently banned cryptocurrency trading).

Ultimately it seems that if you’re looking for an exchange where your coins are paired up against BTC, then this might be the best option as both exchanges offer their own coin offerings too. However, there are many other factors that make them different so be sure to do some research before deciding on one!

KuCoin Exchange Sign up Process – Create KuCoin account

Signup at kucoin

  1. Head over to the KuCoin website and click on “Sign Up” in the upper right-hand corner.
  2. Enter your email address, a password of at least eight characters (you’ll be able to change it later), then confirm this by inputting your desired new password again. You can optionally enter an alternate email if you want to receive work notifications or additional emails from them as well.
  3. Once you’ve completed this step they will send you a confirmation link that should arrive within seconds – just follow these instructions and verify that everything looks correct before clicking on the final button where it reads “Confirm Email.” It’s important not to use any version of their sign-up form other than what is coming from KuCoin.
  4. To finish up go back to KuCoin’s website and click on “Confirm Email” in order to verify that everything is correct; then finally head over to their dashboard which should be accessible by clicking on the “Login” link at the top of any page or through their dropdown menu located within one of the sidebars. Here you’ll see an option for setting up two-factor authentication (which we highly recommend doing) as well as changing your password if necessary along with other options such as creating multiple wallets/accounts or viewing transaction history. The whole process took us about five minutes from start to finish.

Binance exchange sign up process – Create Binance Account

Register at Binance

  1. Head over to the Binance website and click on “Register” in the upper right-hand corner.
  2. You’ll be prompted with a registration page where you should enter your email address, desired password (make sure it’s at least six characters long), provide an accept captcha code then finally input their CAPTCHA verification word. Finally, select which type of account level you’re interested in before clicking “Sign Up.”
  3. After completing this step they will send you a confirmation email that contains a link – just follow these instructions until reaching the final screen that says “Confirm Email”, ensuring everything is correct along with double checking all of your information before proceeding by selecting register as well as providing them another layer of protection through two-factor authentication.
  4. Next, you’ll be prompted to create a password for your account, and then “submit” which will take you to their dashboard page where they offer different types of options including creating additional wallets or trading through them; as well as viewing transactions history.

Kucoin VS Binance Mobile app, which is the best?

With KuCoin you can trade on the go, without having to access your computer or checking it out in between trades. They offer a sleek-looking interface that is easy to navigate, which includes real-time quotes for coins available for trading against both BTC and ETH. You can also see prices across multiple exchanges at one glance; this lets you get an idea of where coin price trends are headed before making any decisions. The application offers two types of orders: market order (for buying or selling when there is enough liquidity) and limits order (to set a specific price when trading). It even comes with handy features such as data analysis and charts to help you with your trading decisions.

How good is KuCoin mobile app?

KuCoins mobile app offers a sleek design and is easy to navigate. You can trade on the go, without having to access your computer between trades.? The application offers two types of orders: market order (for buying or selling when there is enough liquidity) and limits order (to set a specific price when trading). It even comes with handy features such as data analysis and charts to help you with your trading decisions.

How good is Binance mobile app?

The Binance mobile app is a great way to stay up-to-date on the latest crypto trends and news. You can view your portfolio’s value in real-time, which includes both coins you hold as well as trading history. It also has an impressive list of 271 markets with over 80 exchanges around the world that are available for trade through its platform, providing loads of opportunities for traders everywhere.

So if you are looking to trade while out and about, the KuCoin app is a solid option. However, if you’re used to trading on one platform while monitoring your portfolio from another it might be worth going with Binance’s mobile application instead; especially since they’ve been known for their excellent customer service which includes 24/365 live support as well as prompt response times.

Binance.com Crypto Exchange Pros & Cons

Pros:
They allow you to deposit funds using a debit/credit card, which is not an option with KuCoin.

They offer more coins than the other exchanges

Binance crypto exchange offers 24/365 live support as well as prompt response times.?

It also has a mobile app that can be downloaded from Google Play Store or Apple’s App Store to stay up-to-date on the latest cryptocurrency trends and news while you’re out of the office?

Cons:
There is no two-factor authentication offered for the Binance Exchange and you have to set it up yourself, which means you are risking your account by not doing so.

You can’t trade from the Binance app; only view your portfolio and charts

KuCoin Pros And Cons

Pros:
KuCoin offers a sleek design and is easy to navigate. You can trade on the go without having to access your computer between trades.? It also has features such as data analysis and charts that will help you with trading decisions? One of its best aspects might be that it’s so user-friendly; which includes real-time quotes for coins available for trading against both BTC and ETH. Kucoin even provides two types of orders: market order (for buying or selling when there is enough liquidity) and limits order (to set a specific price when trading).? The mobile application comes with handy features including data analysis and charts to help you make better trading decisions?

Cons:
If you don’t hold any KCS (KuCoin tokens) the fee is 0.25% for every trade you make; which is higher than the other exchanges

The clear winner, Binance.com

Their customer service is top-notch, and they offer great features such as a mobile app that you can use on the go. You can also trade with more than one type of cryptocurrency through their platform and find real-time quotes for coins available to be traded against both BTC or ETH. They have an impressive list of 271 markets across 80 exchanges around the world that are available for trade – this includes data analysis, charts, and even news updates so you don’t miss out on anything!

Kucoin may come close but doesn’t quite stack up in comparison when it comes down to all things considered. This crypto exchange has still been known for its excellent customer service which includes 24/365 live support as well as prompt response times