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BTCC vs. KuCoin: which crypto exchange is best for you?
With the rapid development of digit assets, more and more crypto exchanges have emerged. Whether you are a novice trader or experienced trader, choosing a most suitable exchange based on own investment preference and return demand is the most important step. However, it may be confusing when making a choice among exchanges with similar features for investors interested in cryptocurrencies.
In this article, we are going to compare BTCC and KuCoin, two leading exchanges in the world, based on different factors, such as supported cryptocurrencies, safety, fees, user friendliness, service scope, customer service and licenses held. We hope this comparison can offer some insight when you making choice between them.
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KuCoin
Name | KuCoin |
Launched | 08/2017 |
Website | https://www.kucoin.com |
Blog | https://www.kucoin.com/blog/en_US |
https://twitter.com/kucoincom | |
Maker Fees | 0.02 |
Taker Fees | 0.06 |
Perpetual Trading volume(24h) | $ 1.7B |
Perpetual Trading Pairs | 190 |
Spot Trading volume(24h) | $ 1.5B |
Spot Trading Pairs | 1121 |
Fiat Supported | USD, AED, ARS, AUD, AGN, BGN, BRL, CAD, CHF, CLP, COP, CRC, CZK, DKK, DOP, EUR, GBP, GEL, HKD, HUF, ILS, INR, JPY, KRW, KZT, MAD, MDL, MXN, MYR, NAD, NGN, NOK, NZD, PEN, PHP, PLN, QAR, RON, RUB, SEK, SGD, TRY, TWD, UAH, USD, UYU, UZS, ZAR |
Update Time | 2024-12-14 10:15:01 |
With the mission of facilitating the global free flow of digital value, KuCoin serves a vast community of over 27 million users worldwide by offering access to an extensive portfolio of more than 700 cryptocurrencies. Renowned internationally, not just in Australia, KuCoin stands out as one of the most widely utilized exchange platforms, owing to its remarkable features: an extensive range of cryptocurrencies, highly competitive low fees, and sophisticated trading tools.
Beyond traditional spot trading, KuCoin has broadened its horizons to encompass futures trading, margin trading, and P2P trading, catering to the diverse preferences and requirements of its users. Furthermore, the platform offers crypto lending services, further cementing its reputation as a comprehensive and adaptable exchange. KuCoin’s dedication to innovation and user-centricity ensures that it remains a preferred option for those navigating the ever-evolving landscape of digital assets.
KuCoin | Key features (Pros) | Cons |
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Download App for Android | Download App for iOS |
BTCC
Name | BTCC |
Launched | 06/2011 |
Website | https://www.btcc.com/ |
Blog | https://www.btcc.com/blog/ |
https://twitter.com/BTCCexchange | |
Maker Fees | 0.045 |
Taker Fees | 0.045 |
Perpetual Trading volume(24h) | $ 25.0B |
Perpetual Trading Pairs | 341 |
Spot Trading volume(24h) | $ 11.9B |
Spot Trading Pairs | 122 |
Fiat Supported | |
Update Time | 2024-12-14 07:47:01 |
BTCC,one of the longest-running exchanges in the world, supports crypto copy trading, spot trading, as well as futures trading for 300+ cryptocurrencies with a leverage of up to 500Χ. As one of the longest-serving crypto exchanges in the world, BTCC has gained growing popularity due to its industry-leading security and great innovation due to its commitment to making crypto trading reliable and accessible to everyone.
With a mission of providing a trading platform that is fair and reliable in every sense, BTCC strives to uplift the industry’s standard for quality trading. At present, BTCC offers service in more than 100 countries and regions with more than 6 million registered users.
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Key takeaways
- KuCoin, touted as the fourth largest crypto derivatives and fifth largest spot exchange, serves more than 30 million users around the world, offering over 700 cryptocurrencies. KuCoin is among the widely used exchange platforms due to its highlights of huge selection of cryptocurrencies, relatively low fee and advanced trading features.
- BTCC, one of the longest-running exchanges in the world, has gained growing popularity due to its industry-leading security and great innovation.
Download App for Android | Download App for iOS |
BTCC vs. KuCoin
BTCC vs. KuCoin | ||
BTCC | KuCoin | |
Supported Cryptocurrencies | 300+ | 700+ |
Safety | Industry-leading security, with no reported hacks or security breaches to date | High security, but it is worth noting that KuCoin’s security history is not without its blemishes, with KuCoin’s hot wallet hacked for $285 million in 2020 and, most recently, in April 2023, KuCoin lost $22000 due to a Twitter hack |
Fees | Compared with other major crypto exchanges, the fees charged by BTCC is relative low, such as only charging 0.06% for both takers and makers | Competitive fee structure based on crypto trading volume, with trading fees ranging between 0.10% and 0.30% |
User Friendliness | Intuitive interface, easy for both newcomers and experienced traders | Offer a feature-rich and hugely customizable interface, however, it is not overly beginner friendly, as it does not provide demo account or copy trading function allow users to practice like most major exchanges do |
Service Scope | Offer service to more than 6 million registered users in more than 100 countries and regions | Serve more than 30 million users in more than 200 countries and regions |
Customer Service | Offer excellent customer service via email and live chat | Customer service still need to be improved, as although it offers 24/7 virtual assistant and a ticket request system, obtaining the support of a real customer representative seems to be extremely difficult |
Licenses Held | BTCC has obtained regulatory licences in a variety of countries, like USA, Canada, or Europe | While KuCoin is available in over 200 countries, the fact is that it is not licensed in the majority of these locations, like it is not licensed in the US, UK, Australia, or Europe |
Summary
After comparison, it is not difficult to find that BTCC and KuCoin have common points in certain aspects, like both of them offering large selection of cryptocurrencies, setting competitive fee structure, large service scope, etc. However, BTCC performs better in terms of safety, user friendliness, customer service and regulatory compliance, traders focusing on these aspects are advised to choose BTCC.
Except for the above-mentioned better points compared with KuCoin, BTCC also stands out in other aspects, like high liquidity & volume, flexible leverage up to 500x, rich rewards, etc. We believe join BTCC would make your trading journey more delightful!
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Download App for Android | Download App for iOS |
How to Trade Crypto Futures on BTCC?
BTCC offers Perpetual Futures contracts with a leverage of up to 500×, you can buy over 300 cryptocurrencies on BTCC at the most competitive price and highest security.
The following sets forth the step-by-step guidance for crypto futures trading (take Bitcoin as an example) on cryptocurrency exchange BTCC:
Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.
Step Two: on the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method (fiat deposit, crypto deposit or convert).
Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find BTC/USD trading pair.
You can also directly click the button below to enter the BTC order page.
Step Four: choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.
- Market Order: users place orders at the best price in the current market to achieve fast trading.
- Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
- SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.
Step Five: adjust the leverage multiple.
Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.
Step Six: choose the lot size and set the SL/TP price .
Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.
Step Eight: click the buy or sell button, and BTC futures contract order is completed.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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