As cryptocurrency spreads, so are crypto markets grabbing mostly people to invest. But the most challenging question is selecting the suitable and verified exchange and top cryptocurrency. Two sales are top-rated amongst the people. They are BINANCE and KUCOIN. Both businesses came into being in 2017, and both being user-friendly makes them prevalent trades. Talking about KUCOIN, it is also known as “People’s Exchange,” which has been rated “The best crypto Exchange” by the Forbis Advisors. KUCOIN has a clear vision that everyone will be involved in crypto one day as the way they revolutionized the digital world will change the perspective. On the other side, Binance trading markets are somewhat similar to KUCOIN ones with P2P, Futures, Margin, and many more.
KuCoin And Binance More Closely
According to Takeninsight, KUCOIN is a business with widely distributed visitors as more than twenty million clients are registered. One of the best features KUCOIN provides is its customer service 24\7, with different i-languages. Thus the language barrier is demolished. Moreover, the coin selection it offers is impressive. Seven hundred registered coins. Amazing! Right.
Another fantastic feature of KUCOIN is that the KuCoin trade owns Ku coin shares (KCS) cryptocurrency. It will reduce the transaction fee if KCS pays the price.
Chengpeng Zhao came into being Binance in 2017. And with time, Binance became the famous and leading multi-featured trade. It offers various markets, including coin-coin trading, coin-to-fiat trading, NFTs, Future, etc. Like KUCOIN, and BNB, the transaction fee decreases. If the fee is being paid using the exchange’s cryptocurrency.
Moreover, the deposit fee by the Binance users can deposit fiat money, whereas KUCOIN users cannot as it does not support fiat money.
KuCoin And Binance Present More Features
What is the safety measure provided by Kucoin and Binance? KuCoin offers many security features, including multi-level encryption, a micro-wallet, etc.; KuCoin exchange also has a department to check the customers’ daily transactions. On the other hand, Binance stores customer crypto assets in cold storage. It offers the latest security features, including 2FA, withdrawal address management, device management, etc.
One question that might worry the customer is the mode of payment. So for the users, both the exchanges are straightforward to handle. One can submit any available crypto coins on Binance or some of the supported fiat currencies. Whether using credit cards, online payment, SWIFT, and many other options to pay depends on the user’s location. KuCoin has a similar mode of compensation offered to Binance.
Prices Of BNB And Kucoin
If we look at the prices of Kucoin and BNB, BNB price is $ 319.50, and Kucoin is $16.912992 per KCS.
Conclusion
Both the trades KUCOIN and Binance are famous and reliable exchanges. Both exchanges have a similar fee structure. A transaction fee is 0.1%, and money submission is free. Thus both support crypto assets and provides excellent or good daily trading volumes. The free trading bot feature and crypto lending platform differentiate kucoin and Binance from each other.
