As one of the most popular cryptocurrency exchanges, KuCoin and Binance offer users a variety of features and benefits. When it comes to fees, both exchanges are fairly reasonable, but there are some differences that users should be aware of.
For starters, KuCoin does not charge any deposit fees, while Binance charges a small fee for deposits made with certain cryptocurrencies. KuCoin also offers discounts to users who hold their native token, KCS, which can result in lower trading fees.
Binance, on the other hand, offers a tiered fee structure that starts at 0.1% and decreases as users trade more frequently.
NOTE: WARNING: KuCoin and Binance are both cryptocurrency exchanges, but it is not accurate to say that one is cheaper than the other. The fees charged by each exchange are dependent on a variety of factors such as the type of asset traded and the size of the trade. Additionally, discounts may be offered based on volume or loyalty programs. Therefore, it is important to conduct thorough research before deciding which exchange to use.
Binance also offers a 50% discount to users who pay their trading fees with BNB.
When it comes to withdrawals, KuCoin charges a flat fee of 0.1% per withdrawal, while Binance charges a variable fee that is based on the cryptocurrency being withdrawn.
Overall, KuCoin is typically cheaper than Binance when it comes to fees.
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