Are you an avid cryptocurrency trader looking for a reliable exchange to trade your favorite digital assets? Well, look no further as today we’re going to dive into the comparison of two popular cryptocurrency exchanges – Bitget vs Kucoin.
As the cryptocurrency market continues to grow, more and more exchanges are popping up, making it challenging to choose the best one that meets your trading needs.
In this blog post, we’ll take a closer look at Bitget and Kucoin, comparing their features, fees, security, and user experience. So, grab a cup of coffee, and let’s get started!
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Bitget vs Kucoin: History and Background
Bitget is a newer exchange founded in 2018, while Kucoin has been around since 2017. Despite being a newer platform, Bitget has still managed to attract over 1 million users to its platform, indicating that it’s gaining popularity in the crypto trading community.
Kucoin supports more fiat currencies such as USD, AED, ARS, and +45 than Bitget, which only supports USD, EUR, GBP, and +12 more.
Kucoin suffered a major hack in 2020, resulting in a loss of USD 281 million. In contrast, Bitget has not experienced any major security incidents to date, which may provide some peace of mind for traders concerned about the security of their assets.
| Bitget | Kucoin | |
|---|---|---|
| Year Founded | 2018 | 2017 |
| Headquarters | Singapore | Seychelles |
| Founder | Sandra Wu, a former executive of Huobi Group | Michael Gan |
| Trading Pairs | 600+ | 1400+ |
| Users | 1 million+ | 8 million+ |
| Fiat Currency Support | USD, EUR, GBP, and +12 more | USD, AED, ARS, and +45 more |
| Security Incidents | No | Yes (hacked in 2020, lost USD 281 million) |
| Review | Bitget Review | Kucoin Review |
Bitget vs Kucoin: Regulations and Safety
Bitget is regulated by the Monetary Authority of Singapore, while the Seychelles Financial Services Authority regulates Kucoin.
Both exchanges have mandatory KYC requirements and are compliant with AML/CFT regulations, ensuring that they are operating within the legal frameworks of their respective jurisdictions.
| Bitget | Kucoin | |
|---|---|---|
| Regulatory Status | Regulated by the Monetary Authority of Singapore | Regulated by the Seychelles Financial Services Authority |
| KYC Requirements | Mandatory | Mandatory |
| AML/CFT Compliance | Compliant | Compliant |
| User Fund Safety | Segregated user funds, multi-signature technology | Segregated user funds, multi-signature technology |
Bitget and Kucoin: Trading Features Comparison
Margin trading is available on both platforms, with Bitget offering up to 100x leverage compared to Kucoin’s 10x.
Both exchanges also offer futures trading, with Bitget having a slightly more extensive list of futures trading pairs available. Options trading is only available on Kucoin, but Bitget offers trading contests that may appeal to traders looking for additional incentives.
Both exchanges offer stop-loss, limit, and market orders. TradingView charts are also available on both platforms for technical analysis. Staking and lending are also available on both platforms.
| Bitget | Kucoin | |
|---|---|---|
| Trading Pairs | 200+ | 400+ |
| Cryptocurrency Trading | ✓ | ✓ |
| Spot Trading | ✓ | ✓ |
| Margin Trading | ✓ (up to 10x leverage) | ✓ (up to 5x) |
| Futures Trading | ✓ | ✓ |
| Options Trading | ✘ | ✓ |
| OTC Trading | ✘ | ✓ |
| Trading API | ✓ | ✓ |
| Stop-Loss Orders | ✓ | ✓ |
| Limit Orders | ✓ | ✓ |
| Market Orders | ✓ | ✓ |
| TradingView Charts | ✓ | ✓ |
| Trading Contests | ✓ | ✓ |
| Staking and Lending | ✓ | ✓ |
| Mobile Trading App | ✓ | ✓ |
Read: Best Crypto staking Platforms
Bitget vs Kucoin: Platform Fees
Both Bitget and Kucoin have competitive fees across different trading categories. Spot trading fees for both exchanges are the same at 0.1% for both maker and taker orders.
For futures trading, Kucoin charges slightly lower fees than Bitget, with a maker fee of 0.015% and a taker fee of 0.06%, compared to Bitget’s 0.02% maker fee and 0.06% taker fee.
Deposits are free on both Bitget and Kucoin, which is an advantage for traders. Withdrawal fees vary by cryptocurrency and are subject to change due to network congestion.
| Criteria | Bitget | Kucoin |
|---|---|---|
| Spot Trading Fees (Maker/Taker) | 0.1% / 0.1% | 0.1% / 0.1% |
| Futures Trading Fees (Maker/Taker) | 0.015% / 0.06% | 0.02% / 0.06% |
| Deposit Fees | Free | Free |
| Withdrawal Fees | Varies by cryptocurrency, see fee schedule on Bitget’s site | Varies by cryptocurrency, see fee schedule on kucoin’s site |
Bitget or Kucoin: Supported Cryptocurrencies
Kucoin has a larger selection of supported cryptocurrencies, with over 800 cryptocurrencies listed on its platform compared to Bitget’s 450. It also offers a larger selection of trading pairs, with over 1,400 pairs available compared to Bitget’s 600.
Both exchanges support popular cryptocurrencies like BTC, ETH, SOL, ADA, XRP, and DOGE. For derivative trading, both exchanges offer futures and perpetual contracts trading for BTC, ETH, SOL, ADA, XRP, DOGE, and other coins.
| Criteria | Bitget | Kucoin |
|---|---|---|
| Supported Cryptocurrencies | 450+ | 800+ |
| Trading Pairs | 600+ | 1400+ |
| Fiat Currencies | 12 | 44 |
| Derivative Trading | 100+ | 250+ |
| Bitcoin (BTC) | yes | yes |
| Ethereum (ETH) | yes | yes |
| Solana (SOL) | yes | yes |
| Cardano (ADA) | yes | yes |
Bitget and Kucoin: Payment Methods
Kucoin offers more payment methods compared to Bitget. Kucoin supports credit/debit cards, bank transfers, SEPA, SWIFT, and cryptocurrency transfers. Bitget only supports bank transfers and cryptocurrency.
| Bitget | Kucoin | |
|---|---|---|
| Credit/Debit Card | ✘ | ✓ |
| Bank Transfer | ✓ | ✓ |
| PayPal | ✘ | ✘ |
| SEPA Transfer | ✘ | ✓ |
| SWIFT Transfer | ✘ | ✘ |
| Cryptocurrency Transfer | ✓ | ✓ |
| 3rd Party | ✓ | ✓ |
Bitget vs Kucoin: Mobile App and Ease of Use
Both Bitget and Kucoin offer mobile apps for iOS and Android devices, making it easy for traders to manage their accounts.
In terms of ease of use, Exchanges are user-friendly and offer intuitive interfaces for traders to navigate. Both platforms offer similar features like order books, charts, and trading pairs.
While both exchanges have good ease of use, Bitget has received some criticism for its mobile app’s occasional technical issues. Kucoin, on the other hand, has a reputation for being reliable and easy to use.
| Criteria | Bitget | Kucoin |
|---|---|---|
| Mobile App | ✔️ Available (iOS and Android) | ✔️ Available (iOS and Android) |
| Ease of Use | ⭐⭐⭐⭐⭐ (Excellent | ⭐⭐⭐⭐ (Good) |
Related:
Bitget Overview
Bitget Exchange is a cryptocurrency trading platform that was founded in 2018 in Singapore. It has since expanded its operations to several other countries, including the United States, Australia, and China. Since then has gained a reputation as one of the fastest and most reliable cryptocurrency exchanges in the world.
The platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and many others. Users can trade these cryptocurrencies against several different fiat currencies, including USD, EUR, and JPY.
The platform is designed to be easy to use, even for those who are new to cryptocurrency trading. The dashboard provides users with an overview of their trading history, as well as real-time market data and charts.
Bitget Exchange also offers a range of advanced trading tools, including limit orders, stop-loss orders, and trailing stops. These tools allow traders to automate their trades and protect their investments from market volatility.
Security is a top priority at Bitget Exchange. The platform uses advanced encryption and multi-factor authentication to ensure that user data and funds are secure at all times. In addition, the exchange employs a team of security experts who monitor the platform for any signs of suspicious activity.
Another notable feature of Bitget Exchange is its customer support. The platform provides users with a range of support options, including live chat, email, and phone support. The customer support team is available 24/7 to assist users with any issues they may encounter.
The mobile app is available for both iOS and Android devices and provides users with access to all of the same features and tools as the desktop version of the platform.
Pros and Cons of Bitget
| Pros | Cons |
|---|---|
| Offers a wide range of cryptocurrencies | Limited fiat currency support |
| User-friendly interface and easy to use | Not regulated by any government agency |
| High liquidity and competitive trading fees | |
| Strong security features including two-factor authentication and cold storage | |
| Fast and efficient trading engine |
Kucoin Overview
KuCoin is a cryptocurrency exchange that was founded in 2017 by a group of blockchain enthusiasts. The exchange is based in Seychelles and has quickly gained popularity in the cryptocurrency community due to its user-friendly interface and wide range of trading options.
The exchange supports more than 800 Altcoins, including Solana, Cardano, and many altcoins. KuCoin also offers a number of trading tools and features that are designed to help traders make informed decisions. These include real-time market data, price charts, and trading indicators.
KuCoin also has a reputation for being a secure and reliable exchange. The platform uses advanced security measures to protect user funds and has never experienced a major security breach. Additionally, the exchange has a dedicated customer support team that is available 24/7 to assist users with any issues they may encounter.
Another unique feature of KuCoin is its native token, KuCoin Shares (KCS). KCS is an ERC-20 token that gives users a number of benefits, including reduced trading fees, access to exclusive promotions, and a share of the exchange’s trading fees. Holding KCS can also give users a say in the direction of the exchange through community voting.
Pros and Cons of Kucoin
| Pros | Cons |
|---|---|
| Wide range of cryptocurrencies offered | Limited payment options |
| Competitive trading fees | No regulatory oversight |
| High liquidity | Security breaches in the past |
| User-friendly interface | Limited customer support |
| Advanced trading features | |
| Mobile app available | |
| Margin trading available | |
| Staking and lending options are available |
Bitget vs Kucoin: Final Thoughts
Bitget stands out for its low fees, fast transaction times, and robust security measures. On the other hand, Kucoin offers more payment method options and has a reputation for being reliable and easy to use.
When it comes to supported cryptocurrencies in Bitget vs Kucoin, both exchanges offer a wide range of options, including popular coins like Bitcoin, Ethereum, Solana, and Dogecoin.
In terms of mobile apps and ease of use, both Bitget and Kucoin offer mobile apps for iOS and Android devices and have good ease of use.
FAQs
Is Kucoin better than Bitget?
Kucoin offers a wider range of cryptocurrencies to trade, and various trading tools like cloud mining, Liquidity mining, NFT Marketplace, and Web 3 wallet. while Bitget has a more user-friendly interface and offers low trading fees.
What countries are Kucoin and Bitget supported in?
Kucoin and Bitget provide their services to a variety of nations, including Turkey, India, Japan, Canada, the UK, and Singapore, among many others. However, it’s important to note that Kucoin and Bitget are not licensed to operate in the United States, although traders and crypto investors can still register their accounts on these platforms.
