BTCC and KuCoin are two significant crypto exchanges on the market. They’ve built their projects to offer users a better experience for trading, buying, and selling cryptocurrencies. BTCC focuses on crypto futures trading, making it reliable and accessible to everyone. As for KuCoin, it is centered on giving users basic trading options and providing several promising coins with small market caps.
In this review, we will compare BTCC with KuCoin based on features and options. Of course, any investment decision must be taken after proper research. In this context, this review will help users learn about the advantages and disadvantages of both exchanges and keep up with any recent developments.
BTCC is one of the top cryptocurrency exchanges based in London, UK. Besides, it also holds licenses in the US, Canada, and Europe. Since its founding in 2011, BTCC has primarily focused on the cryptocurrency trading environment. They aim to make trading fair and enjoyable for all cryptocurrency users worldwide.
BTCC faced the market’s ups and downs and dedicated time to making crypto trading futures reliable and accessible to everyone. They strongly emphasize improving every aspect of trading, offering users safety guaranteed and top-notch technology.
KuCoin was founded in 2017 with its headquarters in Seychelles, East Africa, and despite being one of the newest crypto exchange platforms, it quickly became relevant on the market. Currently, KuCoin is thought to have at least 10 million users distributed across 200 countries.
The KuCoin platform provides its users with more than just standard trading options; it also offers margins, futures, and peer-to-peer trading. Users can also stake and even lend their cryptocurrency to gain rewards. Furthermore, KuCoin is known for being a well-secured platform, constantly working to improve these features.
BTCC vs KuCoin: User Experience
The first essential aspect regarding both platforms is their desire for expansion and continuous development. BTCC places a considerable emphasis on conducting business in many nations and regions conforming to the law. It holds regulatory licenses in several countries, including the USA, Canada, and Europe. And as a result, the user can use the platform in most places they would plan to travel.
KuCoin has also had its expansion. KuCoin supports nations such as the United Kingdom, Russia, Australia, India, and Germany.
BTCC’s and KuCoin’s user interfaces are very competitive. Both benefit from well-designed mobile applications for either Android or iOS or an online portal. KuCoin has a very user-friendly interface that makes it accessible to anyone with a basic knowledge of cryptocurrency trading.
And when it comes to volume and liquidity, both can process significant amounts. However, KuCoin’s enormous number of pairs is a double-edged sword. Some have high liquidity, and some just add up to the number. As for BTCC, the more specific approach makes it possible for users to operate the pairs more efficiently.
BTCC also has an intuitive, sophisticated Android and iOS app and web platforms. Furthermore, it has an online customer support page and a dedicated bot available 24/7 to answer any questions you may have.
Security and trading
Even though both platforms want to provide a highly secure environment for users, BTCC has never experienced any security breach since its beginning in 2011. However, KuCoin suffered a significant breach in 2020.
Moving on from security, we will focus further on trading because it is a top-rated service on the market. Trading is one of the primary services both platforms provide, but notable differences emerge when we look closely at their approach and the benefits offered.
Firstly, the two platforms focus on all the necessary crypto trading features and tools. Users can access their accounts on BTCC and KuCoin using well-designed mobile applications for either Android or iOS or an online portal.
Then, both platforms offer good top-notch technology trading and margins. To improve the experience for its users, BTCC provides a non-expiring demo account with a virtual fund of 100,000 USD for users to practice trading. Also, it gives bonuses that can be used to cover trading fees.
KuCoin comes with trading bots, prepared for any beginner or experienced trader ready to try something new.
As for BTCC, it offers demo trading options for beginners. The demo trading button can be found on the app’s Home page in the top right corner. The market environment for demo trading is the same as for live trading.
When comparing KuCoin trading fees vs. BTCC fees, BTCC is more straightforward, without distinguishing between maker and taker fees. KuCoin has a level 0 – 0.02%/0.06%, while BTCC level is 0.03 – 0.06%. The user’s net asset value determines BTCC’s fee level. Once users deposit 200 or more USDT, they will automatically enjoy an 8% discount on the trading fees, reducing the fees to 0.055%.
In addition, looking at withdrawal fees and min amount, withdrawing BTC is cheaper on BTCC than on the KuCoin. Also, both BTCC and KuCoin users get to enjoy higher withdrawal limits after going through the KYC process.
Leverage and liquidity
BTCC offers a leverage of 150x without KYC, whereas KuCoin only offers up to 5x before KYC. Trading with leverage allows customers to trade on financial assets with large contract sizes.
Also, BTCC offers top liquidity, ensuring that even large orders of 300 BTC can instantly be executed at the top price levels on the platform. All the cryptos available for futures trading on BTCC are highly liquid, providing more opportunities for traders to buy/sell.
Based on this BTCC vs KuCoin comparison, we can say that both are constantly improving their platforms to gain customer confidence. Before making any investment, it is best to research what each platform offers, services, security, etc.
Before making any financial decisions, it is a good idea to check specialized sites that know how to examine such platforms and do your own research.