There are many options to explore when choosing a trading platform. Bitvavo and Kucoin are two reliable Crypto exchange platforms, and as a Crypto trader or investor, you want the best platform for your needs. This comparison of Bitavo vs Kucoin will help you analyze all the features of both crypto exchange platforms including supported coins, trading fees, deposit methods, etc, and ultimately determine which platform is best for your trade.
Bitvavo vs Kucoin Overview
Bitvavo was launched in 2018 with its headquarters located in Amsterdam, The Netherlands. It has quickly become one of the largest trading platforms in Europe with over 200 employees and over one million active users.
Bitvavo is available in about 27 countries across Europe. The platform has a daily trading volume of over $60 million according to Coinmarketcap and offers trading of over 190 digital assets.
Bitvavo Hompage
Bitvavo has a mobile app for users who enjoy trading on their phones available for Android and IOS with over 500,000 downloads and a 4.2/5 star rating on the Google play store.
Kucoin, on the other hand, was launched in 2017 by Michael Gan and Eric Don with its headquarters located in Seychelles. It has become one of the largest Crypto trading platforms in the world with over 900 employees and 29+ million users.
Kucoin is available in over 200 countries across the world. The platform has a daily trading volume of about $1.5 billion and offers over 700 digital assets for trading.
Kucoin Homepage
It also features a mobile app for Android and IOS users with 10 million+ downloads and a 4.2/5 star rating on the Google play store.
The Kucoin app is superior to Bitvavo as it supports more digital assets and offers more trading options.
Bitvavo vs Kucoin Sign-Up & KYC
To sign up on Bitvavo, you only need a valid email address. After submitting and setting up your password, your account is created. Next, you must verify your email address by providing the code sent to your mailbox. After which you now have access to your account. However, you can’t deposit or withdraw until you verify your identity.
The Bitvavo KYC process is grouped into 3 levels; Starter, Intermediate, and pro. Your verification level determines what limits apply to your account. For starter, you need email verification which only grants you access to the platform. For Intermediate, you need to submit your details, verify your identity with a government-issued ID, and verify your bank details which enables you to deposit and withdraw local currency, trade without limits and enjoy moderate limits on crypto withdrawals. For pro, you have to submit proof of funds in addition to all the requirements for intermediate and this removes the limit on crypto withdrawals in addition to all the benefits of intermediate.
For Kucoin, you can either sign up with an email address or phone number. Next, you must complete the KYC verification to remove limits on deposits and withdrawals and access all trading options.
The KYC process for Kucoin is also grouped into 3 levels and your verification level determines what limits apply to your account.
Kucoin KYC process
The daily withdrawal limit is $499 for Level 1 KYC, $1,999 for Level 2 KYC, and $999,999 for Level 3 KYC.
Both Bitvavo and Kucoin offer seamless registration and KYC verification process but Kucoin has lower requirements so it offers a slightly easier registration and verification than Bitvavo
Bitvavo vs Kucoin Products, Services, and Features
Bitvavo offers trading of over 190 cryptocurrencies with an average daily trading volume of over $60 million. Bitvavo is primarily a spot trading platform so it doesn’t support futures, NFT, or any derivative trading options. It also doesn’t offer leverage trading.
However, Bitvavo offers a simple app interface for new traders and investors. It also enables multiple order types to help advanced traders execute their trading strategies.
Bitvavo Trading Interface
Bitvavo offers Crypto stakings as a means of earning passive income with a yield of up to 15% on staked assets.
Kucoin on the other hand, is a bett Joer option for users that prefer a wider variety of cryptos as it offers trading of over 700 cryptocurrencies with an average daily trading volume of about $1.5 billion. It supports spot trading and margin trading and also offers leverage of up to 100x. Kucoin also has an NFT marketplace for users who are interested in NFT trading. This makes it rank as one of the best crypto exchange platforms in the world.
It offers numerous passive income products such as Crypto lending, stakings, and savings to help users earn income on the platform.
Kucoin features a user-friendly trading interface that appeals to beginners and also meets all requirements for advanced trading needed by experienced traders.
Kucoin Trading Interface
Kucoin is the clear winner in terms of products, services, and features as it offers more cryptocurrencies for trading, more passive income products, and more trading options like leverage and NFT trading.
Bitvavo vs Kucoin Trading Fees
Bitvavo and Kucoin offer transparent and low fees. Bitvavo uses a tiered fee structure which depends on your 30-day trading volume. The charge is 0.25% for takers and 0.15% for makers for trade volume under €100,000 while for trade volume above €25 million, the charge is 0.04% taker fee and 0.03% maker fee.
Kucoin also uses a tiered fee structure that also depends on your 30-day trading volume for spot and futures trading. On the spot market, The charge is a 0.1% maker fee and a 0.1% taker fee. For futures trading, Kucoin charges 0.02% maker and 0.06% taker fees. Additionally, Kucoin offers a discount of 20% on charges if you pay with their native token, KCS.
Kucoin Trading Fees
Kucoin is the clear winner if you consider trading fees as it offers lower fees and discounts when you pay with its token.
Bitvavo vs Kucoin Deposit Methods
Both Bitvavo and Kucoin do not charge any fees for crypto deposits. For FIAT deposits, Bitvavo only supports EUR. The supported payment methods include SEPA, Sofort, Paypal, EPS Uberweisung, iDeal, Giropay, and Bancontact. The charges range from free deposits through SEPA, iDeal, and Bancontact to 1.75% and 2.25% on Giropay and Sofort respectively.
Kucoin Deposit Methods
Kucoin on the other hand, supports over 20 currencies for FIAT deposits. The supported payment methods include credit cards and bank transfers. Charges range from a fixed fee of €1 on bank transfers to 3.8% using a Visa or Mastercard.
Bitvavo is the clear winner in terms of deposit methods as it offers lower fees and more deposit options.
Bitvavo vs Kucoin Withdrawal Methods
For FIAT withdrawals on Bitvavo, the only supported currency is EUR, and the withdrawal methods and fees are the same as the deposit methods.
However, for crypto withdrawals, the fees depend on the coin and the selected blockchain network
For Kucoin, the withdrawal process supports 7 currencies for FIAT withdrawal which include USD, EUR, GBP, RUB, TRY, UAH, and BRL. Withdrawals can be made through SEPA for EUR and GBP and the fee is €1.
Kucoin also offers crypto withdrawals for over 400 coins across all major networks and the fees depend on the coin and the blockchain network used.
Kucoin Withdrawal Fees
Kucoin is the clear winner if you consider withdrawal methods as it offers more coins, more FIAT currencies, and lower fees.
Bitvavo vs Kucoin Security
Security is a very important factor to Bitvavo as they are a fully licensed trading company with strict regulatory compliance and they have never been hacked. They implement security measures like Two-factor authentication, email verification when you try to sign in from a new device, anti-phishing code, and whitelisting of addresses used for sending or withdrawing cryptocurrencies making it impossible for hackers to send other addresses.
Meanwhile, Kucoin faced a hack in 2020 that led to the loss of over $150 million. However, they dealt with the problem quickly, users were refunded, and security measures were put in place to prevent any similar event in the future.
Kucoin also provides independent proof of reserves which are available for BTC, ETH, USDT, and USDC. This guarantees that they have the necessary funds to cover user assets.
Kucoin implements security measures like Two-factor authentication, anti-phishing, and a 6-digit password used for trading and withdrawals.
When it comes to security, Bitvavo is the clear winner as they implement more security measures and have never been hacked.
Bitvavo vs Kucoin Who Wins?
This comparison between Bitvavo and Kucoin is a close one. Both trading platforms are relatively new and they have had impressive growth over the past few years. They both stand out when it comes to giving users a great experience. However, Kucoin is the winner of this comparison. Kucoin is available in more countries across the world, unlike Bitvavo which is restricted to Europe.
Kucoin also supports more coins and offers lower trading fees than Bitvavo. It offers advanced trading and also bot trading that can help you make money without constantly monitoring the market
Bitvavo is best for:
- New traders and investors
- Best deposit fees for EUR
- Security
- High fees
Kucoin is best for:
- Spot and Futures trading
- Wide variety of cryptocurrencies
- Low trading fees and discounts
- Lower withdrawal fees
- Passive income products
- NFT access
