Ascendex vs Kucoin | Which Exchange Is The Best Overall?

Let's take a closer look at AscendEX and Kucoin and compare their trading fees. First, let's talk about Kucoin.

They have a spot maker and taker fee of 0.10% which is on the lower end compared to other exchanges. For futures trading, Kucoin charges a 0.02% maker fee and 0.06% taker fee. Not too shabby.

Now let's move on to AscendEX. Their spot trading fees range from 0.1% to 0.20% depending on whether you are buying large cap coins or altcoins.

AscendEX also offers futures trading with identical fees to Kucoin with 0.02% for makers and a 0.06% fee for takers.

Kucoin thus has the edge when it comes to spot trading fees with a lower maker and taker fee compared to AscendEX, but otherwise equal as it pertains to futures fees.

When it comes to depositing fiat currencies, AscendEX offers support for over 40 different fiat currencies, including AED, BRL, and MXN. Users can purchase crypto using these currencies by going through third-party providers like BANXA and Simplex.

However, if you want to make a deposit using fiat currency on AscendEX, the only option available is a wire transfer in USD.

Kucoin offers support for 28 different fiat currencies, including EUR, AUD, and GBP. However, unlike AscendEX, almost all deposit options on Kucoin are through Visa and Mastercard. Unfortunately, this comes at a price as the exchange charges a steep 3.8% fee for deposits made with these cards.

When it comes to withdrawing your funds from AscendEX, you'll only have one option, Wire Transfer. While this method is reliable and secure, it may not be the fastest option. Wire transfers typically take 3-5 days to be processed, which could be problematic if you need your funds quickly.

Plus, AscendEX charges a withdrawal fee for wire transfers, which can add up if you're withdrawing large amounts. Specifically, for US domiciled banks, you'll be charged a $35 fee, and for international banks, the fee is $75.

Kucoin offers fiat withdrawals via SEPA but there is a 5 EUR fee to withdraw using this method. It's worth noting that fiat withdrawals are only available for EUR, so if you're looking to withdraw any other currency, you're out of luck.

In conclusion, AscendEX and Kucoin have fast-growing user bases with AscendEX boasting over one million retail users and Kucoin topping 20 million users. Both exchanges have solid user experiences and an extensive range of 100s of cryptocurrencies.

AscendEX and Kucoin have distinct advantages in terms of fiat trading, fees, and withdrawal options. AscendEX allows users to deposit USD via wire transfer while Kucoin offers fiat deposits through Visa and Mastercard, albeit with a higher 3.8% fee.

When it comes to fees, Kucoin's 0.1% spot trading fees are lower than AscendEX 0.2%. In terms of withdrawals, AscendEX only offers wire transfers for US dollars with high fees whereas Kucoin provides flexibility with SEPA withdrawals and low withdrawal fees.