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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Bybit vs KuCoin in comparison
Overview
- Clear trading view
- Large selection of trading tools
- Low fees
- Might be complex for beginners
- Global platform still under assessment by the Seychelles FSA
- Large selection of coins
- Low fees
- Functional scope of the platform
- Might be complex for beginners
- Mixed user reviews
- Global platform not licensed in the Turks and Caicos Islands
Features Comparison
- Cryptocurrencies
- Cryptocurrencies
0.1
%
0.10%
0.10%
Varies
0.1
%
0.10%
0.10%
₿
0.00009
393
+
$
1
837
+
$
5
- Discount on fees
- Access to token sales
- Faster support
Exchange Rating
Functions
- Spot, derivatives, bot trading, and copy trading8
- Bybit Earn
- Launchpad
- Spot, futures and margin trading
- Crypto interest through staking & lending
- Features for professional traders
Company Details
Our Review
Bybit is a top platform for advanced traders, offering extensive derivatives and leveraged trading options with competitive fees. It excels in security and user experience but may be complex for beginners due to its advanced features. Geographical restrictions, particularly in the U.S., limit access, and withdrawal fees can vary. Overall, Bybit is well-suited for experienced traders looking for sophisticated tools and high-risk trading opportunities, but beginners should approach with caution.
KuCoin offers a vast selection of cryptocurrencies and trading options, including futures and margin trading, making it attractive to advanced traders. Its low fees and additional features like staking and lending further enhance its appeal. However, the platform's complexity and the lack of a license for its global platform might deter beginners and those prioritizing security. Overall, KuCoin is an excellent choice for those seeking diverse assets and tools but requires careful consideration of its risks.
Derivatives Focus vs Maximum Everything
KuCoin built one of crypto's most complete platforms, with 837 coins plus trading, staking, lending, and more. Bybit built a focused derivatives platform with low fees and clean execution. Different strategies for serving traders.
Selection Difference
KuCoin lists 837 cryptocurrencies, a large selection of coins.
Bybit lists 393 cryptocurrencies, a substantial number but under half of KuCoin's selection.
Fee Comparison
On spot, Bybit and KuCoin both charge 0.10% maker and taker at the entry level. On perpetual futures, Bybit charges 0.02% maker and 0.055% taker, KuCoin 0.02% and 0.06%. The base fees are close, though KuCoin's KCS token offers discounts.
Platform Scope
KuCoin offers spot, futures, margin, staking, and lending. Crypto interest through various programs adds passive income options. Complete ecosystem.
Bybit focuses on derivatives with copy trading and bot trading. Less breadth, more depth in its focus area.
Trust Scores
KuCoin scores 8.9/10 overall. Bybit scores 8.5/10. The gap reflects KuCoin's broader capabilities and established position.
Your Choice
KuCoin at 8.9 serves users who want maximum selection and complete features. The altcoin hunter's platform.
Bybit at 8.5 serves traders who want focused derivatives execution with lowest fees. Specialized excellence.
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
