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OKEx vs KuCoin

Okex Vs Kucoin review

 

An overall comprehensive side-by-side comparison of OKEX vs KuCoin. OKEx’s typical trading fee is lower than the industry standard by more than 0.10 percentage points, making it one of the most competitive exchanges in this regard. But how does this crypto exchange level up against the popular crypto provider, KuCoin?

 

OKEX vs KuCoin – 16 Key Point Quick Overview

 

  1. ☑️ General Comparison

 

🏆 Top 3 Brokers Crypto Trading Platforms

⚡The world’s biggest crypto platform

⚡ Asia’s Biggest Trading Platform

⚡Africa’s Biggest Trading Platform

 

General Comparison

 

🔍 Featuresℹ️ OKExℹ️ KuCoin
🔄 General comparison4/54/5
⚖️ Regulation3/51/5
💰 Fees4/54/5
📊 Trading features4/54/5
📊 Trading Apps4/54/5
📊 Analytical Tools4/54/5
☑️ Beginner friendly4/53/5
💯 Trust Score9383
⭐ Best in class

 

Safety Comparison

 

🔍 Featuresℹ️ OKExℹ️ KuCoin
💯 Trust Score9383
📅 Year founded20172017
👪 Publicly traded❌ No❌ No

 

Instruments Comparison

 

🔍 Featuresℹ️ OKExℹ️ KuCoin
💱 Number of currencies400+600+
⭐ Popular coinsBTC
XCH
ETH
OKB
OKT
LTC
DOT
ADA
DOGE
XRP
USDT
ICP
BCH
LINK
XLM
ETC
MATIC
THETA
UNI
TRX
EOS
FIL
XMR
NEO
USDC
AAVE
SHIB
LUNA
KSM
BSC
ATOM
IOTA
ALGO
XTZ
CRO
MKR
BTT
CEL
LEO
WBTC
WAVES
KLAY
DASH
XEM
COMP
SNX
ZEC
DCR
SUSHI
SOL
EGLD
DAI
BTG
ZEN
NANO
KISHU
Bitcoin (BTC)
Ethereum (ETH)
Tether (USDT)
Binance Coin (BNB)
Cardano (ADA)
XRP (XRP)
USD Coin (USDC)
Dogecoin (DOGE)
Polkadot (DOT)
Uniswap (UNI)
Bitcoin Cash (BCH)
Litecoin (LTC)
Chainlink (LINK)
Polygon (MATIC)
Theta (THETA)
Wrapped Bitcoin (WBTC)
Stellar (XLM)
Internet Computer (ICP)
Ethereum Classic (ETC)
Filecoin (FIL)

 

Costs Comparison

 

🔍 Featuresℹ️ OKExℹ️ KuCoin
💰 Fees for takers0.10%0.1% - 0.3%
💰 Fees for makers0.08%0.1% - 0.3%

 

Deposit Conditions Comparison

 

🔍 Featuresℹ️ OKExℹ️ KuCoin
💰 Deposit fees❌ No☑️ Yes
💳 MasterCard☑️ Yes☑️ Yes
💳 PayPal☑️ Yes☑️ Yes
💳 Skrill❌ No❌ No
💳 Sofort❌ No❌ No
💳Credit card❌ No☑️ Yes
💳Apple Pay❌ No❌ No
💳 Amazon❌ No❌ No
💰 Minimum Deposit10 USDN/A

 

Trading Tools Comparison

 

🔍 Featuresℹ️ OKExℹ️ KuCoin
📊 Integrated Wallet☑️ Yes☑️ Yes
📊 Mobile App☑️ Yes☑️ Yes
📊 Cold Storage☑️ Yes☑️ Yes
📊 Two-Factor Authentication☑️ Yes☑️ Yes
📊 AlgoTrader☑️ Yes☑️ Yes
📊 Proprietary Platform☑️ Yes☑️ Yes

 

Trading Possibilities Comparison

 

🔍 Featuresℹ️ OKExℹ️ KuCoin
📌 Crypto Lending☑️ Yes☑️ Yes
📌 Crypto Mining☑️ Yes☑️ Yes
📌 Crypto Staking☑️ Yes☑️ Yes
📌 Bonus☑️ Yes☑️ Yes
📌 Additional InstrumentsSpot, futures, perpetual swaps, optionsFiat currencies
📌 Demo account☑️ Yes☑️ Yes

 

OKEx vs. KuCoin

 

We spent many hours thoroughly examining the best-in-class cryptocurrency platform for 2022. Here, we take a closer look at OKEx vs. KuCoin.

 

Which platform offers better pricing?

 

OKEx’s fees for buying and selling cryptocurrencies are extremely low, but the exchange’s pricing model is difficult to understand.

OKEx provides a number of different price structures for its services on account of the different sorts of trades it allows, the currencies it accepts, the account quantities, and whether or not the user has OKB.

OKEx’s typical trading fee is lower than the industry standard by more than 0.10 percentage points, making it one of the most competitive exchanges in this regard.

There are three major groups of cryptocurrencies that can be traded on KuCoin. As you gain levels in a certain class, the amount of money that you pay in maker and taker fees will go down.

You can achieve this objective by increasing the number of trades you conduct on KuCoin or by increasing the amount of the platform’s native token, KCS, that you own.

You will receive an additional discount on your costs if you choose to pay in KCS rather than using other currencies.

When compared to the costs charged by other platforms, the trading fees on this one are more affordable, particularly for the more popular cryptocurrencies that are included in Class A.

Nevertheless, you should also take into consideration the fees that are linked with making deposits and withdrawals.

 

On which platform is my crypto safer?

 

OKEx makes available supplementary security features that are intended to be of assistance in the maintenance and safety of user accounts.

These features include the storage of private keys in a large number of offline computers and the deployment of an exclusive network communication protocol for the purpose of transporting user data over a significant distance.

KuCoin has entered into a strategic relationship with a company known as Onchain Custodian in order to increase the level of protection afforded to the cryptocurrency assets that are stored on its exchange.

This includes the protection against criminal activity provided by Lockton Insurance, such as hacking. In addition to that, it has a bug bounty program that provides prizes to ethical hackers who come forward and expose system flaws.

KuCoin states that it stores the offline assets of its customers in a cold storage facility, which is a secure location (which makes it harder to hack). On the other hand, it does not indicate how much of the information is kept offline.

In order for users to be able to conduct withdrawals and trades, it is required for some of their funds to be held online in hot wallets, which are not as secure.

 

Where will I find superior trading conditions?

 

OKEx’s “Buy Coins” interface, which can be used on both mobile and desktop platforms, makes it simple to buy Bitcoin using a broad variety of payment options, including a linked bank account, debit card, credit card, and so on. This interface is accessible on both mobile and desktop devices.

Trading virtual currencies can be carried out in one of two ways: with leverage, as is commonly done, or without leverage, as is becoming more common.

Added to this, even the most elementary trading plan provides access to a comprehensive range of advanced order types, charting and analysis tools, and real-time order books from OKEx.

KuCoin is a digital currency exchange that gives users the ability to buy, sell, and keep a variety of cryptocurrencies.

It provides a well-known cryptocurrency app for mobile devices in addition to its web interface, which can be accessed using any web browser. When you purchase KuCoin’s native coin, which is symbolized by the symbol KCS, you will be eligible for several discounts and rewards.

Due to the fact that the account verification process is entirely opt-in, users only need an email address in order to trade cryptocurrencies.

KuCoin offers services that can be classified as either “custodial” or “noncustodial” in their scope. This indicates that you have the option of storing your cryptocurrency assets directly on the KuCoin exchange; alternatively, you can connect a wallet that is hosted by a third party and trade from there.

Those persons who are adamant about retaining ownership of their cryptocurrencies have to give this course of action significant thought.

In addition, KuCoin gives users access to a number of features that are not offered by other cryptocurrency exchanges as frequently, such as trading bots, leverage, and margin.

 

How many crypto coins are on offer?

 

OKEx offers access to more than 400 crypto coins, while KuCoin offers access to over 600 digital assets.

 

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Can I trust OKEx?

 

Yes, OKEx is a trading platform that operates in accordance with the rules that the VFAA has imposed. The corporation is officially registered in both Hong Kong and Malta, according to the company’s website.

The Virtual Financial Asset Act is a piece of legislation that is overseen by the Malta Financial Services Authority. This authority is responsible for enforcing the law.

OKEx is widely regarded as being among the most secure platforms now on the market for trading cryptocurrencies in any part of the world.

As a result of the fact that it has never been the focus of an attempt to hack it, there have been no unfavorable evaluations published about it. As a direct consequence of this, it was given a score of 100 percent.

 

Can I trust Kucoin?

 

At the end of the year 2020, some KuCoin hot wallets were hacked, however, the insurance company fully paid the users for their losses. In addition, KuCoin moved quickly to take action and was transparent with facts regarding what had taken place.

KuCoin has entered into a strategic relationship with a company known as Onchain Custodian in order to increase the level of protection afforded to the cryptocurrency assets that are stored on its exchange.

This includes the protection against criminal activity provided by Lockton Insurance, such as hacking. In addition to that, it has a bug bounty program that provides prizes to ethical hackers who come forward and expose system flaws.

 

A closer look at OKEx?

 

OKEx is a firm that started out as a cryptocurrency exchange and has now expanded to offer a number of additional services related to the cryptocurrency industry.

OKEx has the potential to be a great choice for global cryptocurrency dealers searching for competitive exchange rates when buying and selling.

OKEx facilitates the easy and fast purchase of cryptocurrencies using a variety of payment methods including credit/debit cards, bank accounts, and mobile wallets. Not only that, but when the staker or saver features are employed, it is possible to receive extremely huge winnings.

Not the largest cryptocurrency exchange, but does a great job of supporting a wide range of currencies and a wide range of services. If you prefer a centralized Bitcoin wallet where you can manage all of your transactions with a single ID, OKEx can meet your needs as well.

OKEx offers both a simple trading form aimed at newcomers and an active trading platform aimed at those with more experience.

Buying cryptocurrency and converting it into another form is a straightforward and simple process. Newcomers to cryptocurrency who are looking to buy their first Bitcoin, Ethereum, or one of the other cryptocurrencies supported will find this useful.

 

A closer look at Kucoin

 

KuCoin is a digital currency exchange that gives users the ability to buy, sell, and keep a variety of cryptocurrencies. It provides a well-known cryptocurrency app for mobile devices in addition to its web interface, which can be accessed using any web browser.

When you purchase KuCoin’s native coin, which is symbolized by the symbol KCS, you will be eligible for several discounts and rewards.

Due to the fact that the account verification process is purely opt-in, users only need an email address to trade cryptocurrencies.

KuCoin offers services that can be classified as either “custodial” or “noncustodial” in their scope. This indicates that you have the option of storing your cryptocurrency assets directly on the KuCoin exchange; alternatively, you can connect a wallet that is hosted by a third party and trade from there.

Those persons who are adamant about retaining ownership of their cryptocurrencies have to give this course of action significant thought.

In addition, KuCoin gives users access to a number of features that are not offered by other cryptocurrency exchanges as frequently, such as trading bots, leverage, and margin.

 

You might also like: OKEx vs Binance

You might also like: OKEx vs FTX

You might also like: OKEx vs Coinbase

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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