Crypto.com or KuCoin – which is better for UK traders 2024? Compare Crypto.com and KuCoin in this detailed breakdown of their platforms, features and fees.
Crypto.com is one of the biggest names in cryptocurrency trading, developed with the aim to expedite the world's transition to DeFi technologies. The crypto exchange offers token lending, pre-paid cards, NFTs and more. The firm was established in Germany in 2016 and its quality is proven by its 10 million active users.
Kucoin is a crypto exchange that offers trading on 1000+ tokens as well as leveraged trading opportunities via futures and perpetual swaps. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. Other attractive features include a demo account, flexible funding methods and DeFi features like staking and mining.
Pros
Strong security measures with no historical reports of hacking incidents
Low fees vs other established exchange platforms, including Coinbase
Live status updates impacting access to app and exchange services
Various ways to earn crypto coins or interest
Visa card with cashback rewards
Wide list of tokens with 1000+ cryptos including many low-market-cap tokens
Good range of DeFi products as well as Web3 features including an NFT marketplace
Well-known and reputable in the crypto world
Leverage available via crypto derivatives
Possibility to earn interest on crypto by staking
Good customer service
Low trading fees
Cons
Customer service is below-average with delayed help times when answering questions
Not all features or coins are available to all locations due to local regulations
Lack of educational resources, blog-style research or YouTube tutorial content
The advanced trading platform is less suitable for beginners
Like many crypto firms, Kucoin is unregulated
Crypto exchanges are often riskier than trading through a crypto broker
The proprietary platform can feel complex compared to better-known terminals
Kucoin offers copy trading via automated bots with low fees and instant deposits. The service will appeal to beginners new to crypto trading. Users can choose a suitable trader in the marketplace and select 'copy' to start mirroring positions.
Social Trading
No
Yes
Trade Signals
Yes
VPS Hosting
No
No
Tournaments
No
Yes
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Islamic Account
No
No
Account Currencies
USD
EUR
GBP
BRL
Cryptocurrency
Crypto.com provides access to more than 100 cryptocurrencies, including Bitcoin. All products can be purchased with leverage of up to 1:3 and trading fees follow an effective tiered commission structure.
With well over 1000 crypto assets available, Kucoin offers a great degree of flexibility. It is excellent to see an extensive range of tokens, as this allows traders to search for lesser-known tokens with a high upside. The crypto futures and perpetual swaps are also good additions to the roster, tradeable with 1:10 leverage.