As of late, there has been much discussion in the crypto community about which exchange is cheaper to use – Kucoin or Coinbase. While both exchanges have their pros and cons, it seems that Kucoin may have the edge when it comes to fees.
To start, let’s look at the fees charged by each exchange. Coinbase charges a flat fee of $2.99 for all transactions under $200. For transactions over $200, Coinbase charges a variable percentage fee, starting at 1.
49%. Kucoin, on the other hand, charges a variable percentage fee starting at 0.1%. This means that for large transactions, Kucoin will be significantly cheaper than Coinbase.
When it comes to withdrawal fees, Coinbase charges a flat fee of $25 for all withdrawals. Kucoin does not charge any withdrawal fees for crypto withdrawals, though they do charge a small fee for fiat withdrawals.
So, based on the fees charged by each exchange, it seems that Kucoin is the cheaper option overall. However, there are a few other factors to consider before making your decision.
One factor to consider is the level of security offered by each exchange. Coinbase is one of the most well-known and well-trusted exchanges in the industry. They have implemented multiple layers of security, including 2-factor authentication and a host of other measures.
Kucoin is also a well-trusted exchange with multiple layers of security. However, they have been hacked in the past and some users have reported issues with customer service.
Another factor to consider is the selection of coins available on each exchange. Coinbase offers a limited selection of coins, while Kucoin offers a much wider selection.
This may be a deciding factor for some users.
Finally, you should also consider the user interface of each exchange. Coinbase has a very user-friendly interface that is perfect for beginners.
Kucoin also has a user-friendly interface but offers more advanced features for experienced traders.
So, which exchange is cheaper – Kucoin or Coinbase? Based on the fees charged by each exchange and the other factors mentioned above, it seems that Kucoin is the better option overall.