Kucoin vs Bybit: Features, Fees & More (2024) (2024)

FAQs

Kucoin vs Bybit: Features, Fees & More (2024)? ›

Bybit vs Kucoin cryptocurrency exchange overall score comparison reveals that Bybit has a higher overall score of 9.4, while Kucoin gathered an overall score of 8.6. If we look at the ease of use, it's clear that in this Bybit vs Kucoin comparison, Bybit has better & smoother user experience than Kucoin.

While KuCoin's standard fee rate is already one of the best at 0.1%, it gets even lower with our native token, KCS!

KuCoin: KuCoin's fee structure is designed to be cost-effective for traders. The platform offers a tiered trading fee system, where the fees decrease as trading volume increases. Additionally, KuCoin provides discounts for users who hold the KuCoin Token (KCS), further reducing the overall trading costs.

Bybit provides staking opportunities for users to earn rewards by holding certain cryptocurrencies in their accounts. The exchange also offers various earning programs, such as dual investment products and savings accounts, where users can earn interest on their cryptocurrency holdings.

Meeting this requirement, you'll be charged a 0.09% fee as a market maker and 0.1% as a market taker per transaction.

Thus, by increasing your trading volume over 30 days users can reduce the amount of the fee. Alternatively, another way to scale down fee charges is to keep KCS tokens for at least 30 days.

Why are Bybit withdrawal fees relatively higher compared to other platforms? Bybit charges a fixed fee for all withdrawals and dynamically adjusts the batch transfer miner fee to a higher level to ensure faster confirmation speeds of withdrawals on the blockchain.

How to reduce Bybit fees To pay lower spot and futures fees on Bybit, you can place maker orders instead of taker orders while trading on the platform. If you want to pay even lower fees on Bybit, you can increase your trading volume and/or crypto/BIT holdings to upgrade your VIP level.

Analysing this metric in this Bybit vs Kucoin comparison, it's clear that Kucoin has the lowest trading fee percentage of Up to 0.05%, while the second place goes to Bybit with a fee of 0.075%.

Is Bybit better than KuCoin? ›

While offering fewer contracts than Bybit, with around 100 contract types, KuCoin excels in integrating other financial products. Though both platforms provide rich features, Bybit's specialized focus on futures trading with high reliability and extensive contract options makes it the better choice.

Bybit is not legal in the US. The USA is among the countries with strict cryptocurrency trading regulations. Bybit is an unregulated crypto platform; hence, it does not follow the USA government's norms. The exchange itself decides to stay away from the American crypto trading market.

However, it is important to note that using leverage in leveraged trading can also increase the risk of substantial losses. On the downside, Bybit faces significant challenges, such as: Not providing service to users from certain countries, like the United States, due to regulatory limitations.

Coinbase, on the other hand, is known for its relatively higher trading fees compared to KuCoin. The exchange operates on a more complex fee structure, with fees varying based on the user's location, payment method, and the type of transaction.

If you want to join Kucoin and enjoy its advantages, you can use the referral code ``QBAVB2U1'' to get a 20% discount on trading fees for life and up to a $700 sign up bonus. This is a great opportunity to save money and earn more profits from your crypto trading.

Binance charges a flat trading fee of 0.1% for both makers and takers. However, you can reduce this fee by using BNB to pay for it or by holding a certain amount of BNB in your account. Kucoin charges a tiered trading fee that ranges from 0.1% to 0.05% for makers and from 0.1% to 0.06% for takers.