Bingx vs Kucoin | Does BingX Offer More Pros Than Kucoin?

Now let's talk about trading fees, something any savvy traders knows can make or break the experience on an exchange. Let's see who comes out on top in terms of fees when comparing BingX and Kucoin.

First up, BingX. If you're looking to trade spot, you can expect to pay a maker fee ranging from 0.1-0.2% depending on the cryptocurrency you're trading. If you are trading well known cryptocurrencies like Bitcoin and Ethereum, you will pay 0.1%. For lesser known altcoins, the fees bump up to 0.2%.

For takers, the fee that BingX charges is always at 0.2%. Moving on to futures, the fees are 0.045% for makers and 0.075% for takers which is higher than other exchanges such as Binance, OKX and Phemex.

But how does Kucoin compare? Well, their spot fees for makers and takers are a always flat 0.1% which is in line with the likes of Binance. When it comes to futures fees, once more Kucoin offers a better deal than BingX with a 0.02% maker fee and a 0.06% taker fee.

As such, Kucoin offers more competitive spot and futures trading fees compared to BingX. So if that's your only criteria for choosing an exchange, Kucoin is the clear winner.

When it comes to deposit methods, BingX and Kucoin are two exchanges that have very different approaches.

BingX only supports cryptocurrency deposits, whereas Kucoin also supports deposits for over 28 fiat currencies. However, almost all of Kucoin's fiat deposit options are with Visa and Mastercard and they charge a steep 3.8% deposit fee.

Kucoin does however also offer the option for bank deposit for certain fiat currencies such as EUR and TRY with low 1 EUR deposit fees.

On the other hand, BingX offers the option to buy cryptocurrencies via credit card through third-party providers like Banxa and MoonPay.

While this may be a more expensive option, it does provide users with an opportunity to quickly and easily purchase cryptocurrencies without having to go through the process of depositing fiat currencies onto the exchange.

Buying and selling cryptocurrencies via third-party providers is also supported on Kucoin with similar providers and fees. As always, we recommend our readers to buy and sell cryptocurrencies via spot trading in order to save on fees. Kucoin thus offer more fiat deposit options than BingX that does not offer any.

Let's dive into the withdrawal methods offered by BingX and Kucoin.

Starting with Bingx, this exchange offers 100s of cryptocurrencies to withdraw including Bitcoin, Ethereum, Solana and many others. Withdrawal fees depend to a large extent on which blockchain you are using and any additional fees added by the exchange.

In the case of BingX you can withdraw Bitcoin, Ethereum and Solana with fees of 0.0002 BTC for Bitcoin, 0.00076 ETH for Ethereum and 0.0008 SOL for Solana. These are very low crypto withdrawal fees.

Kucoin also allows fiat withdrawals but only for the EUR via SEPA. SEPA withdrawals on Kucoin come with a fee of 5 EUR and take a day or two to get processed. Additionally, Kucoin also supports withdrawals for an even greater amount of cryptocurrencies but albeit at higher withdrawal fees than BingX.

To summarize, BingX and KuCoin are both competitive cryptocurrency exchanges offering users a range of trading options and cryptocurrencies.

BingX is the more recent entrant to the market but has quickly established a reputation for it's wide range of cryptocurrencies and trading options. With over 5 million users around the globe, BingX offers users access to over 350 cryptocurrencies compared to Kucoin's 700.

In comparison, KuCoin is a more established exchange offering services that include spot trading, margin trading, futures, staking, and lending. With over 20 million users worldwide, KuCoin has become a popular choice for both retail and institutional investors.

When it comes to the KYC verification process, both BingX and Kucoin offer its users the option to trade without having to submit personal information, making it a perfect choice for users prioritizing anonymity.

On the trading fees front, both exchanges offer competitive fees but BingX charges a higher maker fee ranging from 0.1-0.2% while KuCoin charges a flat 0.1% for both makers and takers. When it comes to futures trading, BingX's fees for makers are 0.045% and 0.075% for takers while KuCoin's fees are once again lower at 0.02% for makers and 0.06% for takers.

Regarding deposit methods, BingX only accepts cryptocurrency deposits while KuCoin supports 28 fiat currencies but charges a high 3.8% deposit fee for Visa and Mastercard deposits. Both exchnges also offer the option to purchase cryptocurrencies via credit card through third-party providers like Banxa and MoonPay.

In terms of withdrawal methods, both exchanges offer multiple cryptocurrencies for withdrawal but BingX has an advantage in terms of lower crypto withdrawal fees overall.