Bybit vs Kucoin | This Is Our Preferred Trading Venue

Bybit’s product offering has grown almost as fast as its user growth in the last 5 years. The exchange offers a wide range of products that targets mainly retail users and professional traders. 

Bybit has done a great job of creating a user-friendly platform that is easy to navigate for beginners, even though the exchange offers a lot of different products.

The central offering of Bybit is spot trading where its users can buy and sell over 450 cryptocurrencies including large cap coins and a good selection of altcoins. 

For those that want to trade with leverage to long or short a particular asset, Bybit also offers margin trading with up to 10X leverage. 

Users also have access to Bybit’s leveraged tokens where they can take up to 4X leverage on 30 cryptocurrencies without any risk for liquidation. 

Bybit has also developed a wide range of trading bots for users to automate various trading strategies such as futures grid, futures martingale, spot grid, and DCA. 

There are also plenty of strategies already created with historical track records that users can easily copy for free. Copy trading is also available for those that want to replicate and follow the trades of professional traders on Bybit. 

Bybit of course also has made available futures trading with over 180 perpetual contracts with up to 100X Leverage. This includes products such as USDT perpetuals, inverse perpetual & futures, USDC perpetual & futures as well as USDC Options. 

For those that want to trade options on Bybit, they have at their disposal European-style cash-settled options priced and settled in USDC. 

Bybit offers both isolated margin and cross margin depending if the user prefers the margin to be isolated from the rest of their account or not. 

In terms of 24h trading volumes, Bybit is currently ranking in the top 10 for spot trading volumes with over $1 billion, and top 5 for derivatives trading with over $7 billion in trading volumes.

Demo trading is also supported on Bybit so that users can experiment with trading strategies for free and without any risk before trading with real money. 

For users that want to earn interest on their digital assets, they have at their disposal multiple earn products such as lending and borrowing, liquidity mining, dual asset and more. 

Here users can earn interest on various digital assets including BTC, ETH, USDT, USDC and other coins. Bybit’s offering includes the more common flexible and fixed-term earnings, staking rewards and liquidity mining. 

And for those that also want the ability to spend their digital assets in the real world, Bybit also offers it unique Master Card that allows for just that with up with up to 10% cashback in rewards.

NFTs have also been recently added with support for digital collectibles on blockchains such as Ethereum, Solana, Polygon, Tezos and BNB Chain.

Bybit also offers its own launchpad for early-stage projects to launch their tokens to an audience with a higher risk appetite. 

To access these new projects, users must commit MNT or USDT tokens to subscribe to token allocations. Based on the amount committed, users will receive a corresponding allocation of the project tokens. 

And finally Bybit also provides high-net-worth individuals and institutions access to their very own OTC desk where they can settle large trades up to $10 million instantly. 

Kucoin has emerged as a full-fledged crypto service provider, now comparable to some of the biggest exchanges in the world like Bybit.

Central to Kucoin's services is its spot trading platform where users have the opportunity to buy and sell a diverse array of over 700 cryptocurrencies and altcoins.

This includes not only the well-known major cryptocurrencies but also a variety of less common altcoins, making Kucoin a great place to explore and invest in rarer digital currencies.

For traders interested in taking on higher risk for potentially higher returns, Kucoin offers margin trading with up to 10X leverage. This means traders can borrow funds to increase their trading position and potentially amplify their gains.

When margin trading on Kucoin, users have the flexibility to go long (betting on a price increase) or short, using either cross margin or isolated margin on over 100 cryptocurrencies.

Kucoin also steps into the futures market with a solid offering of over 250 futures contracts. These contracts include options for trading with USDT and USDC margin contracts, as well as coin-margin contracts, and even utilize grid bots for automated trading strategies.

For those looking for even higher leverage, Kucoin allows up to 125X leverage in futures trading, catering to traders who are comfortable with high-risk, high-reward scenarios.

In addition to traditional trading methods, Kucoin provides options for trading with leveraged tokens. These tokens enable users to take long or short positions with smaller leverages (2-4X) without the need for taking out loans or facing liquidations.

Traders who prefer using automated strategies will find Kucoin's range of trading bots useful. These include bots for spot and futures grid trading, martingale strategies, smart rebalancing, infinity grids, and Dollar-Cost Averaging (DCA) strategies.

Kucoin's trading volumes are not as good as Bybit's but the exchanges does rank in the top 20 for spot trading with $1 billion in 24-hour volume, and over $2 billion in futures trading.

For users interested in passive earnings, Kucoin has developed an extensive Earn section where users can access products for earning savings, staking, and participating in dual investments.

The staking options on Kucoin include a variety of popular blockchains like Ethereum, Solana, Cosmos, Polkadot, and Injective, offering rewards for participating in network security and consensus mechanisms.

Kucoin has also introduced its own launchpad called Kucoin Spotlight, providing users with early access to new token launches. Investment opportunities and allocations in these launches often depend on the amount of assets users hold on Kucoin.

Expanding into the growing NFT market, Kucoin hosts its dedicated NFT marketplace named Wonderland where investors can buy and sell NFTs on the KCC and Polygon blockchains, with plans to support additional blockchains such as Ethereum, BSC, and SLP.

For those who prefer decentralized, non-custodial trading, Kucoin recently launched the Halo Wallet. This web 3 wallet is available for download on mobile devices or as a Chrome extension, offering a self-managed trading experience.

Kucoin and Bybit are evenly matched when it comes to their respective product offering. Bybit has a small edge by also offering services such as copy trading and debit card which are not available on Kucoin.