CoinSpot vs Kucoin

Features & Functionality

We have highlighted the best features that Kucoin and CoinSpot have to offer below:

KUCOIN

1. P2P Marketplace - Users can buy and sell crypto to peers directly
2. Crypto borrowing and lending, borrow over 70 different coins for either 7, 14 or 28 days.
3. Free automated bots so you can trade while you are asleep
4. 100x Leverage when trading futures

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COINSPOT

1. Staking available on 30+ cryptos with high APY (Annual Percentage Yield)
2. Bundles (similar to ETFs) available on multiple cryptos
3. OTC Desk - Direct access to a professional trading broker for all trading enquiries
4. AUD Instant buy when using supported deposit methods
5. 24/7 Live Support customer service

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CoinSpot vs Kucoin: Trading Fees

Both exchanges have the lowest fees among any cryptocurrency exchange in the world. Offering their users 0.1% in trading fees. However, most users utilise the 'Buy Crypto' feature when investing over the 'Market Buy' feature. Because of this, Kucoin technically has better fees as CoinSpot charges their investors 1% when using the 'Buy Crypto' feature. They only offer 0.1% when using the 'Market Buy' feature.

When using Kucoin, the more you trade and level up, the lower your trading fees become. Please follow this link for a full breakdown of fees.

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Available Cryptocurrencies

Kucoin has one of the largest and most diverse selection of cryptocurrencies out of any centralised cryptocurrency exchange. They have stablecoins, memecoins and altcoins available on their platform. CoinSpot currently supports 353 cryptocurrencies and are adding new ones everyday.

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CoinSpot vs Kucoin: Security

Only CoinSpot has obtained the ISO 27001 certification (making it an extremely high security exchange) and is fully regulated under AUSTRAC and fulfil all of the relevant financial reporting to combat money laundering.

Kucoin is considered a safe cryptocurrency exchange but was the subject of a cyber attack in 2020, they were able to successfully retrieve much of the stolen funds and their insurance policy covered the rest.

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CoinSpot vs Kucoin: Deposit Methods

CoinSpot offers its Australian investors the most diverse deposit methods out of any exchange in Australia. They include but are not limited to Australian Bank Transfers/Osko, PayID, Cash Deposit, BPAY and POLi.

Most of the deposit methods are free for investors, making it a popular exchange in Australia. Kucoin currently supports Credit/Debit Card & PayPal, however, they do charge fees when using these methods.

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Final Verdict

CoinSpot takes the trophy due to the competitively low fees and high security. Additional to this, it is very beginner friendly and the UI is simple to navigate. They also offer many services ranging from staking to ETFs.

For a more in-depth review about CoinSpot, please visit this article.