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Kucoin is one of the most popular cryptocurrency exchanges, known for its wide variety of altcoins and mobile app trading. Launched in 2017, it quickly gained a loyal following thanks to its easy-to-use platform, low fees, and abundance of lesser-known gems.


However, Kucoin has its downsides. The exchange has suffered multiple security breaches resulting in millions of dollars lost. It lacks regulatory approval in major jurisdictions like the United States, raising concerns for more risk-averse traders. Customer service can also be slow and lacking for English speakers.

For cryptocurrency enthusiasts looking for alternatives to Kucoin in 2023, the three top options are BYDFi, Binance, and Coinbase. This article will provide an in-depth comparison of these exchanges to help you determine which is the best fit for your needs. We’ll analyze their fees, coin selection, security, customer support, and more.

Whether you’re looking for lower costs, more guidance for beginners, or advanced trading options, one of these leading platforms will likely serve you better than Kucoin. Let’s dive in and find the exchange that matches your priorities as a crypto trader or investor.


BYDFi, launched in 2020, is a rising star among crypto exchanges. This Singapore-based platform aims to make trading more convenient and accessible for mainstream traders. It’s best known for its copy trading products that allow beginners to emulate top successful traders.

BYDFi seeks to differentiate itself from competitors through lower fees, unique offerings like copy trading, and an easy-to-use interface. Next, we’ll see how it stacks up against giant Kucoin.

BYDFi vs. Kucoin Fees

When it comes to trading fees, both exchanges offer competitive rates. BYDFi charges specific fees for different types of trading, ranging from 0.1% to 0.3% for spot trading, 0.05% for Lite Contracts, 0.2% for Leveraged Tokens, and 0.06% for Perpetual Contracts (Coin-M and USDT-M) for takers, and 0.02% for makers. On the other hand, KuCoin’s trading fees range from 0.005% to 0.1%, depending on the users’ tier levels. Additionally, KuCoin users can avail fee discounts based on their KuCoin Token (KCS) balance.

BYDFi vs. Kucoin Selection

When it comes to asset selection, BYDFi proves to be competitive, offering a diverse range of trading options with over 400 different cryptocurrencies available for users. Although KuCoin has an edge in this aspect with its selection of over 700 cryptocurrencies, BYDFi’s lineup encompasses significant coins like Bitcoin and Ethereum, as well as lesser-known small caps and promising DeFi gems. This comprehensive variety enables traders to explore a wide spectrum of investment opportunities, making BYDFi a compelling choice for those seeking a platform with a substantial and varied crypto portfolio.

BYDFi supports margin trading with up to 200x leverage, significantly higher than the 100x maximum on Kucoin. BYDFi enables users to match the trades of experienced investors in one click for copy trading automatically. This unique offering simplifies crypto investing for total beginners.

BYDFi vs. Kucoin Security

In the crucial area of security and compliance, BYDFi matches or exceeds the standards set by Kucoin. BYDFi stores most assets in cold wallets and offers two-factor authentication via Google Authenticator or SMS for account logins.

Unlike Kucoin, BYDFi maintains money transmitter licenses in the United States and Canada. This provides enhanced regulatory oversight many users find comforting. BYDFi also has insurance coverage and a Secure Asset Fund as added protection.

BYDFi has not reported any public security incidents since launching in 2020. The exchange employs numerous measures to ensure its client’s funds and data remain safe, such as Jumio’s identify verification AI, multi-signature technology access, and cold storage wallets. As for Kucoin, the exchange has a history of one major security breach in September 2020, when hackers stole about $281 million worth of cryptocurrencies from its hot wallets.

BYDFi vs. Kucoin Customer Support

For customer service, BYDFi provides 24/7 multilingual support through live chat, email, phone, social media, and an extensive help center knowledge base. Kucoin also offers 24/7 service, but chat wait times can be longer.

BYDFi delivers slightly better, faster customer service than the two, although Kucoin’s support is also reasonably good. Both exchanges provide help in English, Chinese, and other major languages.


Kraken is one of the largest and oldest cryptocurrency exchanges, founded in 2011. It offers advanced trading options, high liquidity, tight security, and full regulatory compliance in the US. Let’s see how it compares to Kucoin.


Kraken features

Kraken is a popular online cryptocurrency exchange platform that offers various features for traders and investors. Some of the key features of Kraken are:
● Security: Kraken has a comprehensive security approach that covers every possible vector of attack. It employs a world-class team of security experts who work around the clock to protect your cryptocurrency investments and identity.
● Trading options: Kraken allows you to trade over 50 coins and tokens, including Bitcoin, Ethereum, Litecoin, and more. You can also use margin trading, futures trading, and over-the-counter (OTC) trading to enhance your trading strategy and leverage your capital.
● Fees: Kraken has a competitive and investor-friendly fee structure that rewards you the more you trade. You can enjoy fees as low as 0% depending on your trading volume and currency pair.
● Funding: Kraken supports multiple fiat and crypto funding options with low processing times. You can deposit and withdraw funds using bank transfers, credit cards, debit cards, and cryptocurrencies.
● Support: Kraken provides 24/7 global support via live chat and extensive support documentation. You can reach out to their highly qualified support team for any assistance or query.
● API: Kraken has a powerful and easy-to-use API that allows you to access the exchange’s features programmatically. You can use the API to create custom orders, monitor market data, manage your account, and more.
● Security Key: Kraken supports Security Keys that use Yubico OTP or FIDO2 protocols for two-factor authentication (2FA). A Security Key is a small physical device that generates a unique passcode when touched or tapped. It is considered to be one of the most secure ways of 2FA as it prevents phishing attacks.

Kraken vs Kucoin Fees

Kraken’s fee structure is relatively low compared to many other exchanges. The trading fees on Kraken range from 0% to 0.26% depending on the trading volume. This means that the more you trade, the lower the fees you’ll pay. Additionally, Kraken offers a fee discount program for high-volume traders, allowing them to benefit from even lower fees. It’s worth noting that withdrawal fees on Kraken vary depending on the specific cryptocurrency being withdrawn.

On the other hand, KuCoin also offers competitive trading fees. The standard trading fee on KuCoin is 0.1%, which is slightly lower than Kraken’s highest tier fee. However, KuCoin has a unique feature that allows users to get further fee discounts by holding their native token, KCS. The fee discounts range from 1% to 30% based on the user’s KCS holdings. Similar to Kraken, KuCoin’s withdrawal fees also vary depending on the cryptocurrency.

Kraken vs Kucoin Selection

Kraken supports over 200 cryptocurrencies. While less than Kucoin’s 700+, Kraken lists all the major coins like Bitcoin, Ethereum, Litecoin, etc. It has sufficient liquidity across trading pairs without listing more obscure altcoins.

Kraken lacks privacy coins like Monero and Dash due to regulatory reasons. But most mainstream crypto assets are covered. The carefully curated selection focuses on quality over quantity.

Kraken vs Kucoin Security

Kraken implements institutional-grade security, including full reserves, mandatory verification, SHA-512 password hashing, PGP encryption, and other robust measures. As a regulated US exchange, it provides enhanced accountability and transparency.

Kraken also has insurance protection and a flawless security track record over 10+ years of operation. Overall, it matches or exceeds the standards of exchanges like Kucoin when it comes to securing user assets.


Coinbase is the largest regulated cryptocurrency exchange in the United States. Founded in 2012, it aims to make crypto trading open and accessible to the mainstream public. Coinbase emphasizes ease of use, security, and working within financial regulations.


Coinbase vs Kucoin Fees

The biggest drawback of Coinbase is its fee schedule, which is higher than Kucoin’s or other alternatives mentioned. Coinbase’s taker fee starts at a baseline of 0.5% – far above Kucoin’s 0.1%.

However, Coinbase does have a maker rebate of 0.5% that cuts costs for providing liquidity. Overall though, trading fees on Coinbase tend to run higher than competitors. The benefit is meeting regulatory standards.

Coinbase vs Kucoin Selection

In terms of assets, Coinbase lists around 150+ cryptocurrencies compared to Kucoin’s 700+. The selection includes all significant coins but fewer small caps and altcoins overall compared to Kucoin.

Some notable exceptions missing from Coinbase are Monero and Dash due to regulatory restrictions. So users looking for privacy coins won’t find them on Coinbase. But it covers most blue-chip cryptos.

Coinbase vs Kucoin Ease of Use

One place where Coinbase easily beats Kucoin is user experience. Coinbase has a spotless, simple interface tailored for first-time crypto investors. Even total beginners find it easy to grasp.

In contrast, Kucoin uses more technical language and charts that can overwhelm novice users. Coinbase includes educational resources that walk users through core concepts like wallets. Overall, Coinbase provides a much smoother onboarding.

Coinbase vs Kucoin Security

Coinbase implements stringent security precautions as a regulated US exchange, including 2FA, 98% cold storage, FDIC insurance up to $250,000, and biometric authentication. This meets or exceeds Kucoin’s standards.

Neither exchange has experienced any significant breaches. But being regulated provides an extra layer of oversight and accountability that some find reassuring compared to offshore exchanges.

Coinbase vs Kucoin Support

For customer service, Coinbase also stands out. It offers extensive phone, chat, email, and social media support in multiple languages and localized support centers in different countries.

Wait times can still be long due to Coinbase’s popularity. But its customer service options generally exceed exchanges like Kucoin. Being US-based brings more cultural familiarity for American users as well.


Kucoin retains advantages that make it a top exchange, including low fees, high crypto diversity, and mobile app trading. However, the downsides prompt many users to seek alternatives better aligning with their priorities. Of the leading options in 2023, BYDFi stands out for its rock-bottom fees, letting traders keep more profits. The beginner-friendly copy trading also makes it ideal for passive crypto investing.

For advanced traders and institutions, Binance can’t be matched for sheer market liquidity and trading variety. The extensive features cater to sophisticated trading activities.

Finally, Coinbase shines if you value simple interfaces, regulatory compliance, and customer support. Though fees are higher, the trusted and secure experience is unparalleled.