For a quick summary, yes Bybit is a better cryptocurrency exchange when comparing with KuCoin. It offers overall lower fees, more features, a better NFT marketplace and significantly more cryptocurrency staking options.
If you're interested in learning more about Bybit and its features, you can visit our Bybit Review.
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 (transaction) fees. You can refer to the below list for the trading fee schedule.
Bybit also offers extremely low fees, just beating KuCoin on trading and withdrawal fees. Similar to KuCoin, Bybit does not charge a fee for deposits but also does not charge fees to deposit. Refer to the information below for trading fee details.
Winner: Bybit wins with its clearly lower futures trading fees and not charging fees for withdrawals.
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 including memecoins, altcoins, stablecoins, DeFi coins and Metaverse coins.
Bybit has a significantly more impressive suite of features available including an futures & spot trading, options trading, an NFT marketplace, a P2P exchange, Launchpad & Launchpool features, 5 different types of staking options and an online gaming platform.
Winner: Bybit offers a myriad of features that are much more sophisticated than KuCoin's features.
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 neccessarily a bad thing, it just means that they don't have to abide by any countries cryptocurrency regulations. It has never been the subject of any online attacks and has high security measures in place to prevent cyber assault.
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 KuCoins accounts and get away with $280M worth of users funds.
Winner: Bybit is the safer exchange as its security has never been penetrated and it is insured by tier 1 banks.
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 over 30 languages. In addition to live support they can be reached on email, Telegram, Discord, Youtube, Reddit, Twitter, Facebook, Instagram, TikTok, LinkedIn, Trust Pilot & Medium.
Winner: Bybit offers more diverse support options and is available on more social media platforms.
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 in the Finance category on the App store and it is ranked 4.4 stars from 100K reviews on the Google Play store.
Winner: KuCoin has considerably higher ratings and reviews than Bybit does.
Yes, if you would like to avoid verifying your identity to use a cryptocurrency exchange, 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.
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