Is Bybit better than KuCoin?
Bybit is a cryptocurrency derivatives exchange that offers trading in BTC, ETH, EOS and XRP perpetual contracts with up to 100x leverage. The platform offers its services to over 180 countries and has the largest presence globally. It widely regarded to be the best futures/derivatives trading exchange in the world.
KuCoin is a cryptocurrency exchange that offers trading in a wide range of cryptocurrencies including stable coins, memecoins, DeFi coins, altcoins and more. It does have a wider selection of tokens but lacks in features. And it only offers its services to 150 countries.
Overall, Bybit is a better crypto exchange than KuCoin as it's available in more countries and offers many useful trading features. If you're interested in learning more about Bybit, you can visit our Bybit Review.
Bybit vs KuCoin Fees
KuCoin has some of the lowest trading, deposit & withdrawal fees available. It does not charge any fees to deposit on the platform but withdrawals are subject to a small fee to cover the cost of the gas. Refer to the below list for a quick summary of the platforms fees.
- Spot Trading Fee: 0.1%
- Maker/Taker Rebate: 0.02% & 0.06%
Bybit also offers competitively low fees, just beating KuCoin on trading and withdrawal fees. Similar to KuCoin, Bybit does not charge a fee for deposits but there are no fees to withdraw funds. Furthermore, the exchange is currently offering zero fees on spot trading to celebrate its 1 million registered users. Meaning it is completely free to buy crypto on Bybit.
- Spot Trading Fee: Free
- Maker/Taker Rebate: 0.01% & 0.06%
Winner: Bybit has lower fees than KuCoin as it offers free deposits and withdrawals, plus zero trading fees.
Supported Features and Assets
KuCoin has a few features available on its platform including spot & futures trading, a P2P marketplace, cryptocurrency staking and an NFT marketplace. It also supports the trading of over 700 cryptocurrencies.
Bybit has a more impressive suite of features including 7 types of trading options, crypto loans, an NFT marketplace, a P2P exchange, Launchpad & Launchpool features, 4 different types of crypto staking options, copy trading, VIP programs, a rewards hub and much more.
Winner: Bybit offers a myriad of features that are more sophisticated and diverse than the KuCoin platform.
Is Bybit more secure than KuCoin?
Bybit is not currently regulated in Australia or any country, and this is why it does not require its users to verify their identities. This isn't necessarily a bad thing, it just means that they don't have to abide by cryptocurrency regulations. Furthermore, it has never been the subject of any hacking incidents and provides high security measures to prevent cyber attacks.
KuCoin is also not regulated in any country and therefore does not require its users to KYC. However, KuCoin has been subjected to many online cyber attacks. The most recent one was in 2021, hackers were able to infiltrate KuCoin user accounts and get away with $280M worth of customer funds.
Winner: Bybit is the safer exchange as its security have never once been compromised.
Which exchange offers better customer support?
KuCoin has an excellent support team and offer a 24/7 Live Chat feature, you can also contact them via email, Telegram, Facebook, Twitter, Reddit, Youtube, LinkedIn, Instagram, Medium and VK.
Bybit also offers a 24/7 Live Support feature, but in 11 different languages. In addition to live support they can be reached on email, online ticketing system, Telegram, Discord, Youtube, Reddit, Twitter, Facebook, Instagram, TikTok, LinkedIn, Trust Pilot, TikTok & Medium.
Winner: Bybit offers customer support in 11 languages and is available on more social media platforms.
Bybit vs KuCoin: Mobile App
KuCoin has one of the best cryptocurrency investing applications available on mobile. The KuCoin app has a high 4.7 star rating from 15K reviews and is ranked #107 overall in the Finance category on the Apple App store and it is ranked 4.4 stars from 100K reviews on the Google Play store.
Bybit also provides an app supported on both iOS and Android devices. On the Apple app store it has 3.9 stars out of 900 reviews and is ranked #56 overall in the Finance category. On the Google Play store it is rated 4.1 stars from 75K reviews.
Winner: KuCoin has considerably higher ratings and reviews than Bybit.
Should I use Bybit over KuCoin if I want to avoid KYC?
Yes, if you would like to avoid verifying your identity to invest in cryptocurrencies, Bybit is the best platform to use. It has never been subjected to any cyber attacks, offers high security measures including 2FA, has significantly more features and lower fees. Additionally, it is supported in more countries than KuCoin.
Bybit is the overall better cryptocurrency exchange as it offers lower fees, more features and asset types, better and more diverse customer support plus it is a highly secure platform. It is a global exchange and a perfect place to trade and invest for all types of users, from experienced traders to crypto beginners.