OKX vs Kucoin – Which is the Best Exchange

Today we offer to analyze two major cryptocurrency exchanges - OKX vs Kucoin, identify their advantages and disadvantages, compare them by main parameters. Choosing between these exchanges can be difficult because both have been operating for a long time, have similar functionality, offer a wide range of options and available currencies.

We have studied both crypto-platforms by all main aspects and will help to make conclusions, which one to stop on - OKX or Kucoin, what are the main differences.


Kucoin

OKX

Type of exchange

Сentralized

Сentralized

Year founded

2014

 2013

Registration country

Seychelles

Belize

Trust Score (Coingecko)

10

10

Cryptocurrencies / trading pairs

1261

615

Trading types

Spot, Futures, Margin trading, P2P

Spot, Futures, Margin trading, P2P

Fees

0.1%

0.01% - 0.05%

2FA

Yes

Yes

Mobile application

IOS, Android

IOS, Android

Daily trading volume on Spot market

$944 330 535

$2 261 927 079

Advantages and disadvantages of OKX

Pros:

  • There is a demo account
  • High leverage for margin trading - up to 125x
  • Has its own blockchain and functional token
  • Mining pool
  • You can work without verification
  • Its own decentralized wallet

Cons:

  • There are no fiat accounts for deposits, such as from payment systems

Advantages and disadvantages of Kucoin

Pros:

  • KYC is not required
  • Ability to buy from card
  • Higher leverage (up to 100x)
  • Own KCS token
  • Mining pool and cloud mining
  • KuCoin Chain (KCC) blockchain ecosystem

Cons:

  • Not quite a quality localization of the interface

About OKX exchange

One of the leading trading platforms for cryptocurrencies. It offers blockchain services almost all over the world - both centralized and decentralized. It has commissions below the market average, a fairly clear and logical interface, localized in Russian, among other languages.

The large daily trading volumes of OKX allow this site to be among the leaders in this parameter. Millions of traders choose it for use, so good liquidity and quick execution of transactions are guaranteed. The futures platform gives you the opportunity to work with open-ended swaps, options in a safe and secure environment.

About Kucoin Exchange

This exchange was opened for trading in 2017, so in terms of the duration of successful work is not inferior to Binance. Also both platforms have the highest trust rating on CoinGecko. KuCoin is suitable for those interested in spot trading, futures, p2p trading or investing for passive income.

The exchange allows trading with high leverage - up to 100x - but only experienced users should choose this level of leverage, as it involves risks. The platform is also equipped with functionality for miners and those who prefer not to trade actively, but to invest their cryptocurrency at a stable interest income.

Comparative analysis of OKX and Kucoin exchanges

Available features

Both crypto-exchanges focus on cryptocurrency trading. 

OKX offers: 

  • Passive income: stacking, deposits, dual investments, etc.
  • IEO-platform
  • Rewards, bonuses, referral program
  • Mining pool

Kucoin offers:

  • Mining pool
  • IEO
  • NFT market

Available countries

OKX and Kucoin exchanges are available in more than 100 countries. These exchanges do not provide trading services in sanctioned countries. 

Payment methods

You can fund your OKX and Kucoin account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on OKX and Kucoin.

Available Cryptos and Tokens

OKX currently supports 618 trading pairs and 345 coins. 

Kucoin supports 1266 trading pairs.

Verification (KYC)

OKX clients should confirm their identity by passing at least one level of verification. This is no problem, you only need to specify your passport data. However, you can make a deposit and trade even before that. Further KYC levels with address confirmation are needed to expand the limits and available options.

KuCoin has the ability to trade cryptocurrency, withdraw up to 1 BTC per day without verification, use leverage for futures up to 5x. It is not possible to use fiat. However, KYC procedure is implemented, it can be passed by those who want to remove restrictions and increase withdrawal limits.

Account deposit

Exchanges offer the following options for funding the account:

  • Crediting a fiat account with a card or payment system
  • Purchase from a card
  • Direct transfer of cryptocurrency to the exchange address

Comparison of Trading Fees

OKX:

  • Spot: 0.02% - 0.2%
  • Futures: 0.01% - 0.05%

Kucoin:

  • Spot: 0.1% / 0.1% (maker/staker)
  • Futures: 0,02 % / 0,06 %

Owners of OKB and KCS tokens, respectively, can reduce these fees with them. In addition, fees are reduced for large traders with large monthly trading volumes.

Account security

It is very important to protect your account from possible intrusion from the outside. Both platforms have simple but effective security mechanisms for this purpose. OKX has 2FA - two-factor authentication via Google Authenticator, anti-phishing code, an additional level of confirmation by email or SMS, a system for adding trusted devices to your account.

The following options can be activated for protection on Kucoin: Password, Two-factor authentication, Phone and mail binding, Trade password (used to confirm financial transactions), Anti-phishing code.

Passive earn on exchanges

The OKX Earn platform offers fixed deposits, DeFi farming, double investments, flash deals, and staking. A lot of coins are available for passive earning.

KuCoin Earn provides products with flexible and fixed terms, high-yield stocks, staking (including Eth 2.0), and Polkadot auctions.

Which to choose - FTX or Kucoin

OKX has more favorable commissions and a wider range of investment areas. Otherwise, the exchanges are almost equal - both have high trading volumes and have been operating for almost a decade.

KYC in both cases is not required, but desirable. All in all, it's worth taking the time to get to know each exchange better, especially if you want to delve deeper into the cryptocurrency sphere.

Disclaimer:

NFTs trading entails a high level of risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

FAQs

Is KuCoin a good exchange?

Yes, Kucoin is an excellent exchange, which is suitable for both experienced traders and beginners.

Is OKEx available in UK?

Yes, OKX is available in the UK, as for all European countries.

Is OKX legit?

Okex Crypto Exchange is registered in the Seychelles and has been operating since 2017. Its services are used by millions of clients from more than 180 countries. Okex is fully legal.

How can I withdraw money from KuCoin to bank account?

Kucoin provides access for withdrawal to cards and wallets.

Conclusion

It may seem that some specific attributes of a cryptocurrency exchange, such as the inclusion of certain tokens & features, might be necessary to choose the best place to buy and sell cryptocurrency. However, a less important factor would be how many people are trading there. The exchanges we reviewed today have been around for almost a decade and are already trusted because of that. Both OKX and KuCoin are constantly evolving with the cryptocurrency sector, which is necessary for any company to succeed.

Disclaimer:

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

Comparison of other exchanges

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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