Kucoin vs Crypto.com | Best Exchange For Altcoins & Trading?
Jack Moreau
Feb 2024
3 min to read
Fact checked
Kucoin vs Crypto.com: By the end of this comparison, you'll know what each exchange has to offer including their KYC requirements, product offering, trading fees, user experience and much more. Read on so that you can pick the exchange that fits your needs!
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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
If you're on the hunt for a cryptocurrency exchange, you might have come across Kucoin and Crypto.com.
These two powerhouses have been around since 2017 and 2016, respectively. Kucoin is headquartered in the Seychelles, while Crypto.com is hanging out in Singapore.
Kucoin has over 600 employees compared to a whopping 4,000 employees for Crypto.com.
When it comes to availability, Kucoin has the edge with over 190 countries on their list compared to Crypto.com availability in 180 countries.
Crypto.com however has the edge when it comes being available in the US and Canada which Kucoin is not.
In terms of user numbers, both companies have achieve significant user growth with Kucoin boasting 20 million users, and Crypto.com leading the way with 50 million users.
Kucoin vs Crypto.com: Signup & KYC
Both platforms have simple signup processes that take under a minute. But, there's a difference between the two: Kucoin doesn't require you to verify your identity (KYC) to start trading, while Crypto.com requires KYC.
If you're okay with getting verified, you'll be pleased to know that both exchanges offer speedy verification processes.
Kucoin's Basic verification can take just a few hours to get approved, while Crypto.com can have you verified and ready to go in less than 10 minutes!
So, depending on how quickly you want to get started, you can choose the exchange that works best for you.
Kucoin vs Crypto.com: Products & Services
Kucoin has skyrocketed to the forefront of the cryptocurrency world by relentlessly expanding its product offering to appeal to a wide audience.
At the heart of Kucoin's offering we find a spot trading platform where users can engage in the trade of over 700 cryptocurrencies and altcoins.
Kucoin also spices things up by continually introducing new, often hard to find altcoins which makes it the place to go for those looking for the next 100X altcoin.
For those that want to take one more risk Kucoin turns up the heat with its margin trading feature where users can get up to 10X margin to go long or short across 100 cryptocurrencies.
Users can choose between cross or isolated margin, tailoring their risk to their appetite for risk.
Kucoin also cater to the more calculated risk-takers with their leveraged tokens, offering a more temperate leverage range of 2-4X.
These tokens allow for long or short positions without the complexities and heart-stopping risks of loans or liquidations.
Futures trading on Kucoin is where the action really heats up with over 250 tradable futures contracts including USDT and USDC margin contracts, Coin-margin contracts, and the innovative grid bots.
And for degens who thrive on adrenaline-pumping risks, Kucoin offers the option to go long or short for those bullish or bearish with up to 125X leverage.
Automation in trading has never been more thrilling and Kucoin offers bots like spot grid, futures grid, martingale, smart rebalance, infinity grid, and Dollar-Cost Averaging (DCA).
Kucoin ranks in the top 20 for spot trading volumes with an impressive $1 billion in 24-hour volume, and over $2 billion in futures trading volume.
Venturing beyond just trading, Kucoin's Earn section offers savings to staking, and dual investments for passive income seekers.
The staking rewards cover a wide range of popular blockchains including the likes of Ethereum, Solana, Cosmos, Polkadot, and Injective.
Not one to shy away from the evolving crypto stage, Kucoin now also offers its own launchpads (Spotlight) where users have the opportunity to invest in early stage newly launched tokens.
To capture some of the NFT momentum, Kucoin released its own marketplace called Wonderland where digital art and assets can be bought and sold on the KCC blockchain and Polygon.
For those that prefer non-custodial storage and trading, Kucoin presents the Web 3 Wallet Halo that’s as easy to download as it is to use, available both as a mobile app and a Chrome extension.
While Crypto.com has also rapidly grown to one of the biggest exchanges in the world with aggressive marketing in US and Europe, it does not offer the same range of products as Kucoin.
At its core, like many other exchanges, Crypto.com offers spot trading. This feature enables users to buy and sell over 290 of the most popular cryptocurrencies.
In addition to spot trading, Crypto.com extends its offerings to include margin trading where users can take more substantial positions with up to 5X leverage.
For the more seasoned and adventurous traders, Crypto.com has expanded its services to encompass derivatives trading. This includes over 100 perpetuals and quarterly futures, with the enticing option of up to 20X leverage.
Crypto.com also acknowledges the growing interest in automated trading and provides three types of trading bots: grid, DCA (Dollar-Cost Averaging), and TWAP (Time-Weighted Average Price).
These bots are designed to assist traders in automating their strategies to potentially improve their trading effectiveness.
Crypto.com's trading volumes are relatively modest compared with the platform currently ranking within the top 30, with both spot and derivatives trading volumes around $1 billion over a 24-hour period.
Beyond trading, Crypto.com offers financial products such as earn and staking options. Users have the opportunity to earn interest on over 20 digital assets, including prominent ones like BTC, ETH, ADA, DOT, SOL, ATOM, and USDT.
The interest rates offered on Crypto.com are not as competitive as some other exchanges in the market however. And it's the same story when it comes to staking rewards where users can achievehigher rewards by staking their assets directly on the blockchain.
For enthusiasts of NFTs and digital collectibles, Crypto.com hosts hundreds of collections including prominent names like Bored Apes and Pudgy Penguins.
These collections are available on various blockchains, including Ethereum, Polygon, Solana, and Cronos Chain.
Crypto.com has also developed its own non-custodial wallet that enables users to store, trade, and earn on their cryptocurrencies in a more secure, non-custodial manner.
The wallet is accessible as a desktop application, a browser extension, and a mobile app, offering convenience and security across different platforms.
And for high-net-worth individuals and institutional clients, Crypto.com provides a specialized over-the-counter (OTC) section.
Here, large-scale trades can be executed with minimum orders starting at $50,000 and going up to $5,000,000, accompanied by competitive rates.
When it comes to trading fees, Kucoin and Crypto.com are quite comparable. But which exchange offers the better deal for traders? Let's take a closer look.
Kucoin charges a spot maker fee of 0.10% and a spot taker fee of 0.10% for large cap cryptocurrencies and between 0.2%-0.3% for less known altcoins with less liquidity.
Meanwhile, Crypto.com offers even lower spot fees, with a maker fee of 0.075% and a taker fee of 0.075%. Not bad at all!
Looking at futures trading, both exchanges offer competitive fees as well. Kucoin's futures maker fee is 0.02%, and the taker fee is 0.06%, while Crypto.com charges a maker fee of 0.017% and a taker fee of 0.034%.
When comparing the fees between Crypto.com and Kucoin we can clearly see that Crypto.com comes out on top with the lowest fees for both spot and futures trading!
When it comes to depositing fiat currencies, let's look at how Kucoin and Crypto.com compare.
Crypto.com only supports USD and EUR deposits by wire transfer and SEPA which is great for those who deal primarily in US dollars and EURO.
Meanwhile, Kucoin has an edge with support for 28 fiat currencies, making it a more diverse option for buying crypto with fiat.
It's worth noting that Kucoin charges a 3.8% deposit fee for deposits with Visa and Mastercard, compared to Crypto.com's 0.0% fee for wire transfer and USD Bank transfer.
Now, let's wrap things up by comparing fiat withdrawal options from from Kucoin and Crypto.com.
If you're withdrawing EUR, Kucoin has got you covered with SEPA withdrawals with a 1 EUR fee.
Meanwhile, Crypto.com only supports USD and EUR withdrawals via bank transfer without any withdrawal fee. This is a great option if you're operating primarily in US dollars.
Both exchanges offer free withdrawals for many other fiat currencies, but only Kucoin offers Faster Payments Service (FPS) withdrawals, which cost 1.95 GBP.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.