If you want to sell your crypto on KuCoin, you will have to send it back to one of the other exchanges to convert it to fiat. KuCoin does NOT support fiat withdrawals which is the biggest disadvantage of the exchange. You can only withdraw cryptocurrency, and the flat fee varies depending on which coin you are withdrawing. You can see a full list of KuCoin’s cryptocurrencies and their corresponding withdrawal fees here. KuCoin has a tiered system, using a maker-taker model for spot trading and futures trading. With spot trading, you’re not actually “buying” a cryptocurrency, rather you’re trading something you already have for another coin.
One important downside of KuCoin is that you cannot withdraw AUD from the platform. If you are finished with all your trading, you need to send your cryptocurrency to another exchange to be able to sell it and withdraw your fiat currency. If you’re looking for your first cryptocurrency exchange site, and just want to “test the waters”, then fees are going to be an important factor to consider.
However, you cannot use fiat currency to purchase crypto on the KuCoin platform which makes it unsuitable for complete beginners. KuCoin allows https://picoinpriceusd.com/mine-pi-coin/ its users to participate and earn rewards through crypto staking. You can trust the integrity of our balanced, independent financial advice.
Withdrawal Fees
If you have any issues with your account, you can easily get assistance from the Live Chat support team, which is non-existent on KuCoin. You can access your CoinSpot account via your desktop or mobile devices with their smooth app for iOS and Android. OKCoin owns one of the most secure platforms for digital currency.
KuCoin will notify you when your rewards are ready to be claimed. One thing Coinbase isn’t known for are competitive fees as compared to other exchanges. However, https://picoinpriceusd.com/ being a regulated exchange does bring a certain level of peace of mind. This is probably first and foremost for some after seeing what happened to FTX.
- Needs to review the security of your connection before proceeding.
- Users need to enter their personal details and then create a password to log in.
- KuCoin is a cryptocurrency trading platform that offers a bit of everything.
- Moreover, platform like Coinbase and eToro are much easier to use.
For this article, we’re going to look at five – security, ease of use, fees, supported coins, and user count. While there are, admittedly, some other aspects that are very important for any crypto exchange, without these five, there’s truly no chance of redemption! Having said that, though, let’s take a closer look at why that might be the case. Coinbase is also a very secure platform with multiple layers of security, including two-factor authentication, data encryption and offline storage for 98% of their crypto assets. There’s a comprehensive insurance policy to cover funds stored online.
KuCoin vs Coinbase: Conclusion
For more information, please read our editorial policy and find out how we make money. Both KuCoin and Coinbase offer seamless account opening processes. The pricing tier depends on the 30d trading volume and/or the amount of native token you hold. For instance, KuCoin has a native token , and you can get tier upgrades and other benefits from it. While Coinbase does not have an app, it’s website is accessible through a mobile browser.
Kucoin
Often companies segregate their funds into hot and cold wallets to deal with hackers. After publishing his Twitter thread, the 3AC founder received backlash from the crypto community on Twitter. Several users replied to Zhu’s tweets claiming that he should mind his business and focus on his own misdeeds. Throughout the thread, Zhu continued to compare DCG with the crypto exchange FTX. Nevertheless, the man emphasized that DCG CEO Barry Silbert was always close with former FTX CEO and co-founder Samuel Bankman-Fried .
