fbpx
  • Price Tracker
  • Guest Post
  • Advertising & Partnership
  • Press Release
  • Editorial Policy
Coin Culture
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki
No Result
View All Result
Coin Culture
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki
No Result
View All Result
Coin Culture Logo
No Result
View All Result

Home » KuCoin vs. Coinbase: A Detailed Comparison [Updated 2023]

KuCoin vs. Coinbase: A Detailed Comparison [Updated 2023]

Lucas N by Lucas N
March 28, 2023
in Exchange Comparisons, Exchanges
KuCoin vs. Coinbase: A Detailed Comparison [Updated 2023]
Share on FacebookShare on Twitter

You might also like

CoinSpot vs Kraken: Which Is Better? A Detailed Comparison

Bybit Australia Review 2024: Fees, Security & More Features

Curve Finance Review 2024: Pros & Cons, Fees & More

KuCoin is a large global crypto trading platform with over 11 million users, while Coinbase is also a major exchange in the US. Both have great features, but how do they do in the Australian market? Which is better for Aussie investors and traders?

If you’re a skilled trader, KuCoin is the greater choice since you can benefit from its advanced features, such as free trading bots, futures, and margin trading. Meanwhile, KuCoin is not for crypto novices as it’s a bit complicated to use compared to its competitor Coinbase. However, Coinbase wasn’t created for the Australian market; thus, we wouldn’t recommend it. You cannot withdraw AUD from the exchange or sell cryptocurrency.

We would recommend you select among the top cryptocurrency exchanges in Australia. For instance, CoinSpot is a user-friendly exchange that offers more than 370 different coins, live chat support, and an NFT marketplace to serve the needs of customers of all levels worldwide.

But if you haven’t decided between KuCoin vs. Coinbase, keep reading this post to figure out their differences to make your informed decision.

Comparison Table

Supported coins 600+ 222+
Trading Fee 0.125% - 0.1%  1.49% - 3.99%
Deposit Fee Varies Included in trading fee
Withdraw Fee Cannot withdraw AUD Cannot withdraw AUD
Payment Methods Visa/Mastercard, Apple Pay & PayID Debit card
Features - Low trading fees of just 0.1%
- Advanced trading bots
- Margin/futures trading, crypto lending, P2P
- Insurance cover if the exchange is hacked
- Free coins for watching videos

KuCoin Overview

KuCoin was established in August 2017 and offers over 200 cryptocurrencies and a wide range of crypto services, including margin and futures trading, a built-in P2P exchange, and others.

Pros

✅ 600+ cryptocurrencies supported

✅ The large user base of over 11 million users worldwide

✅ Low fees of 0.1% with a 20% discount for KCS payments

✅ Mobile app available for iOS and Android

✅ Advanced features such as margin and futures trading

✅ Accepts credit cards and debit cards

Cons

❌ KuCoin is not licensed in the United States.

❌ Funds kept on the platform are not insured.

Coinbase Overview

The U.S-based crypto exchange Coinbase was established in 2012. As a big name in the crypto industry, Coinbase also offers users various services, including complex trading capabilities with Coinbase Pro. You can buy, sell, swap, and store different cryptocurrencies on Coinbase.

Pros

✅ 222+ cryptocurrencies supported

✅ Simple and advanced trading tools are available.

✅ Easy-to-use interface with good features

✅ Insurance for your digital assets

Cons

❌ It doesn’t support fiat deposits, and withdrawals

❌ Complicated fee structure and higher fees

❌ Poor customer service – no live chat support

❌ Limited staking and interest opportunities

Supported Cryptocurrencies

Compared to other exchanges, KuCoin supports a wide range of cryptocurrencies, with over 600+. Both novice and seasoned investors can find almost any cryptocurrency they want to buy or trade on KuCoin. The platform also offers a Spotlight section that promotes new cryptocurrencies.

With Coinbase, you can only trade about 222 cryptocurrencies. The platform doesn’t seem to add many new digital assets to its list and focuses more on conventional coins like Bitcoin, Ethereum, and Cardano. Users of Coinbase Pro can trade more cryptocurrencies, but the supported altcoins are only limited to popular ones such as Bitcoin cash and Litecoin.

Winner: KuCoin

With a vast selection of more than 600 cryptocurrencies, KuCoin provides more than triple the number of coins that Coinbase does. This is an excellent feature for investors who want to spread the risk or diversify their portfolios by investing in a wide range of cryptocurrencies.

KuCoin vs. Coinbase Fees

KuCoin has a tiered maker/taker fee structure, with trading fees ranging between 0.0125 and 0.1% based on your tier level. In addition, the 1% trading fee is reduced by 20% when you pay using their native coin (KCS), which means that the fee is only 0.08%. KuCoin also imposes withdrawal fees, which vary per asset and are subject to change based on market performance. KuCoin accepts free deposits, but it currently offers limited fiat deposit options.

30-Day Trading Volume*

Your KCS Balance

Maker Fee

Taker Fee

–

< 1000

0.10%

0.10%

–

1000 – 9,999

0.07%

0.10%

300 – 499

10,000 – 19,999

0.07%

0.10%

500 – 999

20,000 – 29,999

0.06%

0.07%

1,000 – 1,999

30,000 – 44,999

0.05%

0.07%

2,000 – 2,999

45,000 – 64,999

0.04%

0.06%

3,000 – 4,999

65,000 – 84,999

0.04%

0.06%

5,000 – 9,999

85,000 – 109,999

0.03%

0.05%

10,000 – 19,999

110,000 – 149,999

0.02%

0.04%

> 20,000

> 150,000

0.01%

0.03%

*All trading volumes are valued in Bitcoin

The fee structure on Coinbase is confusing and consists of margin or spread fees and Coinbase fees. Users have to pay either a flat fee or a variable fee per transaction, based on region, product, and payment method.

Flat fee

Transaction value

Fee

$10 or less

$0.99

$10 to $25

$1.49

$25 to $50

$1.99

$50 to $200

$2.99

 

Variable fee

Payment/Payout Method

Conversion Fee

US Bank Account

1.49%

Coinbase USD Wallet

1.49%

Debit Card or PayPal

3.99%

Instant Card Withdrawal

up to 1.5% (minimum $0.55)

The withdrawal fees charged by Coinbase vary by region and payment method. Bank transfers ($0.15) and US wire transfers ($25) are the two most widely used fiat withdrawal options. Coinbase doesn’t support crypto sales in Singapore and Australia, so you cannot withdraw fiat money in those countries.

Winner: KuCoin

Most users prefer to use KuCoin as the crypto trading platform where they freely deposit coins into their accounts to trade digital assets. Here, they can enjoy the low trading fee of only 0.1%, which can be lowered to 0.08% via crypto payments.

Standout Features

KuCoin and Coinbase are both well-established, feature-rich cryptocurrency exchanges. In this comparison, we only cover the distinguishing characteristics of each platform.

KuCoin provides you with free trading bots to maximise your profits. You can access the Spot Grid Bot while using the desktop. To use the other bots, you must download KuCoin’sKuCoin’s mobile app, which is compatible with iOS and Android. It’s easy to program your bot to trade automatically on your behalf, and you can even replicate the specifications of the most successful bots.

KuCoin’s trading bots. Image: KuCoin

You can also borrow cryptocurrency on KuCoin. The process is quick and straightforward. You only need to select your desired coin, the amount to borrow, and the interest rate. If you maintain a large quantity of cryptocurrency for a long term, you can earn interest by lending it. You can decide which of over 600 coins to lend, the loan duration (7, 14, or 28 days), and the interest rate.

KuCoin enables futures trading with leverage of up to 100x. When trading futures, you have a choice between two interfaces. The first is Futures Lite, which is ideal for executing an immediate futures trade. Futures Pro, the second choice, offers comprehensive trading capabilities and up to 100x leverage.

Coinbase offers a unique way to earn cryptocurrency called Coinbase Earn. You get compensated in cryptocurrency for watching short videos on cryptocurrency! After monitoring each of these three-minute-long videos, you’ll receive cryptocurrency. For instance, if you’ve viewed three videos on Compound coin, you will receive $9 worth of COMP cryptocurrency.

Compound’s videos on Coinbase. Image: Coinbase

Coinbase Wallet app is available for download on mobile devices. It enables users to store cryptocurrencies, participate in airdrops and ICOs, explore decentralised applications (DApps), and send and receive cryptocurrencies regardless of location. At the time of writing, Google Play had over 5 million downloads with a 3.4-star rating from 37K reviews.

Winner: KuCoin

Coinbase is not terrible in terms of features, but KuCoin has more to offer. KuCoin is suitable for experienced traders who favour advanced features such as trading bots, crypto borrowing, and futures trading.

KuCoin vs. Coinbase Security

Micro-withdrawal wallets, industry-level multilayer encryption, and dynamic multi-factor authentication are a few security measures KuCoin employs to protect its customers’ funds. The exchange also has internal risk control departments that regulate everyday transactions. In 2020, KuCoin was compromised, and $150 million was taken. But KuCoin responded swiftly by retrieving a significant percentage of the stolen funds and reimbursing the remainder. None of their users were affected by this security issue.

Coinbase operates in the United States, which has far more stringent regulation rules than other nations. Thus, it has several security measures, such as 2-factor authentication, biometric logins (fingerprint and face ID), and data encryption, with USB drives and paper backups geographically spread in safes and vaults worldwide. It maintains 98% of its digital assets offline in cold storage and has criminal insurance coverage to safeguard its digital assets from thefts.

Winner: Coinbase

KuCoin and Coinbase are both very safe cryptocurrency exchanges insured against security breaches. Coinbase wins because it has not been hacked and follows the strict rules and compliance norms of the United States.

Customer Service

KuCoin claims to offer various customer service options, but like many of its competitors, there is no direct phone or email support. However, customers can engage in a live chat to receive answers to simple inquiries or file a request for assistance with more complex concerns. KuCoin also has a support page that guides users in navigating the platform or using its tools and features. On Trustpilot, KuCoin generally obtains low ratings from its users, who report issues with customer service, the withdrawal procedure, and making deposits.

Meanwhile, Coinbase’s customer service is one of the major complaints from consumers. The official customer care channels for Coinbase include the help website, email support requests, an automated phone system, and a chatbot. Thus, it’s difficult to contact Coinbase’s support staff for assistance. On Trustpilot, several Coinbase complaints are about customer service, lost funds, and blocked accounts. Users made similar concerns about other rating websites.

Winner: Tie

KuCoin offers live chat, but Coinbase offers phone assistance. In general, the customer service of both exchanges is below par as it has received several negative reviews. If you want an exchange that offers great 24/7 customer support, we highly recommend CoinSpot Australia. You can read our CoinSpot review to know more about its features.

Overall Winner

Despite being among the leading cryptocurrency exchanges in the world. KuCoin and Coinbase still have significant distinctions:

  • KuCoin is not licensed in the US, but Coinbase is licensed in the US.
  • KuCoin supports 600+ cryptocurrencies, while Coinbase supports just 222+.
  • Coinbase has higher trading fees than KuCoin.
  • Coinbase has phone support, while KuCoin doesn’t offer this option.

KuCoin’s diversity of services, including trading bots, futures, margin trading, and crypto loans, makes it the superior option for Australian clients and experienced cryptocurrency traders. Even if Coinbase is more suitable for novices, we would not suggest it to Australians. Using Coinbase in Australia prevents you from accessing fundamental features, such as selling bitcoin and withdrawing AUD. If you are new to cryptocurrencies, we will go for CoinSpot because it offers most of the features of KuCoin and Coinbase, professional 24/7 customer support, an NFT marketplace, and other premium features services.

The following review is for informational purposes only and should not be construed as financial or investment advice. It is important to note that cryptocurrency is a highly volatile and speculative market, and there is no guarantee of profit or loss. This review is based on the author’s personal experience and research, and individual results may vary. The author is not affiliated with any of the exchanges mentioned in this review and does not receive compensation for their mention. It is recommended that readers conduct their own due diligence and consult with a financial advisor before making any investment decisions.

The information regarding performance may be different from the time of publication. Past performance does not guarantee future results. While we believe that all content was accurate at the time of posting, it is possible that some offers included in the content may no longer be valid.

Lucas N

Lucas N

Lucas N is Coin Culture's managing editor for people and market, covering opinon, interview and market analysis. He owns Near, Aurora and Chainlink

Recommended For You

CoinSpot vs Kraken: Which Is Better? A Detailed Comparison

by Lucas N
September 3, 2024
0
CoinSpot vs Kraken: Which Is Better? A Detailed Comparison

CoinSpot and Kraken are two both award-winning cryptocurrency exchanges in Australia with strong user base and robust trading activities. While Kraken offers more advanced trading tools such as...

Read more

Bybit Australia Review 2024: Fees, Security & More Features

by Lucas N
May 3, 2024
0
Bybit Australia Review

Bybit is one of the world’s leading exchange platforms that offers 100x leverage on derivatives for more than 600 pairs. In addition to futures, Bybit provides Spot, Margin,...

Read more

Curve Finance Review 2024: Pros & Cons, Fees & More

by Lucas N
July 31, 2024
0
Curve Finance Review 2023: Pros & Cons, Fees & More

Curve Finance is a decentralised exchange (DEX) protocol created on the Ethereum blockchain, focusing on stablecoins and other low-volatility tokens. Since its launch in 2020, it has rapidly...

Read more

Crypto.com vs. Binance: A Detailed Comparison 2023

by Lucas N
October 1, 2024
0
Crypto.com vs. Binance: A Detailed Comparison 2022

Crypto.com and Binance are popular cryptocurrency exchanges, and we need to pit them against one another to see which one is in the lead. We gathered the most...

Read more

Best Crypto Apps in Australia: A Curated List 2024

by Van Tran
July 26, 2024
0
Best Crypto Apps in Australia: A Curated List 2023

The Australian government adopts a reasonably favourable stance on blockchain technology and cryptocurrencies and enables residents to invest in digital currency. According to the Australian Minister of Financial...

Read more
Next Post
Swyftx vs. CoinJar: A Head-to-head Comparison 2023

Swyftx vs. CoinJar: A Head-To-Head Comparison 2023

In this article:

  1. Comparison Table
  2. KuCoin Overview
  3. Coinbase Overview
  4. Supported Cryptocurrencies
  5. KuCoin vs. Coinbase Fees
  6.  
  7. Standout Features
  8. KuCoin vs. Coinbase Security
  9. Customer Service
  10. Overall Winner
coin culture logo

Your Australian news source for all things cryptocurrency. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing.

Hot Topics

  • DeFi
  • NFT
  • Gaming

Top articles

CoinSpot Review
Swyftx Review
Best Crypto Exchanges Australia
CoinSpot vs Swyftx

BROWSE BY TAG

Altcoin News Bitcoin CoinSpot Cryptocurrencies Crypto Exchange Crypto Tax DeFi Dogecoin Dogecoin News ETF Ethereum Feature FED FTX Games hacks Layer2 Markets meme Metaverse Mining NFT Opinion People Policy and Regulation Polygon SEC Security Solana News Stablecoins Tech Top Crypto News Australia | CoinCulture Trading US web3 XRP News

RECENT POSTS

  • Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push
  • Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency
  • Trump Declares Victory – What will the US Crypto be?

© 2023 CoinCulture. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.
  • bitcoinBitcoin(BTC)$106,547.00-1.01%
    BITCOIN
    24H : -1.01%
    Volume : $36,264,375,109.00
    Marketcap : $2,117,090,369,219.00
  • ethereumEthereum(ETH)$2,660.130.410%
    ETHEREUM
    24H : 0.410%
    Volume : $26,994,542,306.00
    Marketcap : $321,269,547,272.00
  • tetherTether(USDT)$1.000-0.01%
    TETHER
    24H : -0.01%
    Volume : $64,529,193,395.00
    Marketcap : $153,022,992,290.00
  • rippleXRP(XRP)$2.281.37%
    XRP
    24H : 1.37%
    Volume : $2,148,270,594.00
    Marketcap : $134,130,536,170.00
  • binancecoinBNB(BNB)$678.96-1.19%
    BNB
    24H : -1.19%
    Volume : $889,450,740.00
    Marketcap : $99,067,643,053.00
  • solanaSolana(SOL)$169.15-1.03%
    SOLANA
    24H : -1.03%
    Volume : $3,746,405,499.00
    Marketcap : $88,046,094,705.00
  • usd-coinUSDC(USDC)$1.0000.00%
    USDC
    24H : 0.00%
    Volume : $10,296,525,266.00
    Marketcap : $61,213,910,754.00
  • dogecoinDogecoin(DOGE)$0.2200.190%
    DOGECOIN
    24H : 0.190%
    Volume : $1,411,679,111.00
    Marketcap : $32,922,503,213.00
  • cardanoCardano(ADA)$0.736-1.23%
    CARDANO
    24H : -1.23%
    Volume : $650,936,110.00
    Marketcap : $26,594,822,987.00
  • tronTRON(TRX)$0.2760.480%
    TRON
    24H : 0.480%
    Volume : $627,460,601.00
    Marketcap : $26,228,199,850.00

Add New Playlist

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki

© 2023 CoinCulture. All rights reserved.