Launched a year apart, Bybit and KuCoin are two of the most interesting cryptocurrency exchanges in the industry. Both platforms have a high significance in the crypto market, thanks to the impressive features they offer to users.
Today we will discover Bybit vs KuCoin for beginners, as well as Bybit vs KuCoin for advanced traders, so to determine which is the most suitable for you, then you should take a look at our detailed comparison below.
Bybit vs KuCoin – A Brief Introduction
Bybit was founded in 2018 and has grown to become one of the top trading platforms in the trading community. The co-founders and other team members working behind the exchange are quite an impressive group. This is one of several reasons for its outstanding growth and success.
KuCoin was established in 2017 and is one of the most versatile exchanges in the market. The list of features it offers has been expanding with time, making it an innovative trading platform for interested parties.
A common aspect of both exchanges is that they do not extend their services to the United States of America, due to strict regulatory laws in the country. Therefore, U.S. residents looking to buy or trade crypto should search for one that is available in their region.
KuCoin vs Bybit Features Comparison
Bybit is a powerful trading platform that offers several impressive features for traders. It supports advanced margin and futures trading and extends these features to more than 1.6 million active users.
One of the biggest selling points of the Bybit exchange is that it makes crypto trading easier for all traders, new and experienced alike. It offers advanced derivatives and, at the same time enables demo trading, copy trading, and other beginner-friendly features you can learn here.
KuCoin can offer a much wider selection of assets, namely 829 coins and 1226 trading pairs vs 523 coins and 642 trading pairs available on Bybit. Thanks to this, beginners can find more cheap and trendy assets, while experienced traders can build less obvious and more sophisticated strategies on them.
It also enables advanced derivatives trading, which may be not as famous as Bybit, and provides an additional KuCoin Futures Pro trading platform. However, KuCoin does not offer any special features that can make trading easier for beginners, except its free trading bot. This bot can be given instructions, regarding the types of trades you want to make, and the trades are automatically executed, aligning with your strategies or strategies of other traders.
Another common attribute of the two is that both exchanges offer up to 100x leverage to margin traders.
Security Comparison: Bybit and KuCoin
Exploring the level of security offered by any exchange should be the priority of every investor and trader. Choosing a secure exchange may not eliminate the threats posed by the crypto space but it can mitigate them to a great extent.
Both Bybit and KuCoin take the security of their users very seriously and implement leading-edge security measures, solutions, and integrations. However, Bybit is well known for its fundamental security approach, and advanced security solutions that exceed KuCoin.
Also, there is the fact that Bybit has never been hacked, whereas KuCoin suffered from one of the largest-ever crypto hacks in 2020 and lost $281 million. It doesn’t mean that hacking Bybit is impossible because any system can be hacked in one or another way. But it seems as Bybit security approach pays off at the moment.
Bybit Fees vs KuCoin Fees
Just as the security offered is an important attribute to look at, so is the fee structure of every exchange you consider choosing. The platform you opt for buying or trading crypto needs to have a fair and transparent fee structure.
The fees charged by both Bybit and KuCoin are transparent and some of the most competitive in the industry, but both depend on their VIP levels and other criteria. You can learn all the details in Bybit and KuCoin’s comprehensive reviews.
The details of the fee charged by Bybit are:
- Spot Taker 0.015% – 0.1% Maker 0.005% – 0.1%
- Futures Taker 0.0125% – 0.055% Maker 0% – 0.2%
- 0.02% / -0.02% funding rate
- 0.0005 BTC withdrawal fee
The details of the fee charged by KuCoin are:
- Spot Taker 0.025% – 0.1% Maker 0.005% – 0.1%
- Futures Taker 0.025% – 0.06% Maker 0.008% – 0.2%
- 0.1% fee per trade for futures trading
- 0.0005 BTC withdrawal fee
Bybit vs KuCoin – Comparing Customer Support Services
Once again, Bybit and KuCoin are similar in terms of customer support services as well. Both exchanges offer around-the-clock customer support services and have teams of experienced customer support agents. Both platforms also support a live chat feature, which enables users to quickly reach out to customer support agents and get assistance without any delays. Also, you can use email to describe your issue with all details and attach additional materials as screenshots. Both email addresses you can find scrolling down the home page of their website in the Contact Us section.
While the customer support services provided by Bybit and KuCoin are more or less the same, the services offered by Bybit have far better reviews from the crypto community.
Bybit vs KuCoin Conclusion
Which is better: Bybit or KuCoin? There is no universal answer for it. The basic features offered by each crypto exchange are more or less the same but may vary when it comes to technicalities, as is the case with the main focus and fee structures of different exchanges.
To identify Bybit vs KuCoin for crypto trading as the most suitable exchange to use, it is good practice to compare the available options. Similarly, the trading tools on Bybit and KuCoin above sheds light on all the major attributes of the exchange.
While some of their features are similar, the Bybit exchange does offer more safety, enables feature-rich capabilities, and is generally more welcoming when talking about the Bybit vs KuCoin user experience.On the other hand, talking about the KuCoin vs Bybit features comparison – you always can say that there are many more assets introduced and it can be a crucial feature for both, beginners and pros.
KuCoin vs Bybit Pros and Cons
KuCoin Pros:
✅ Extensive Asset Variety
✅ Free Trading Bot
KuCoin Cons:
❌ Security Incident
❌ Limited Beginner Tools
Bybit Pros:
✅ Impeccable Security Record
✅ User-Friendly Interface
✅ Feature-Rich Trading Tools
✅ A Bit Lower Futures Fees
Bybit Cons:
❌ Smaller Asset Selection
❌ No Free Trading Bot
