The crypto space has grown immensely over the past few years. One of the major hallmarks of this growth is the increase in crypto-exchanges. While some came and died out, others cemented their presence in the space. We look at Kucoin (KCS) and Crypto.com (CRO), two massive crypto exchanges, and how they compare.
Comparison Metrics For Crypto-Exchanges
To compare crypto-exchanges, you mainly have to deal with the features they offer. Exchanges have evolved from mere trading platforms to huge passive income generation jackpots. On top of that, trading fees, customer care service, and bonuses, and other factors are considered.
The Kucoin exchange was founded in 2017 and had its headquarters in Seychelles. The exchange enjoys a wide userbase amassed over the 4 years in the industry. According to Kucoin, 1 in every 4 crypto asset holders in the world uses their exchange.
- Low Fees
Kucoin users enjoy low fees, one of the many advantages of the platform. In fact, the exchange has some of the lowest fees across the crypto markets. There are no monthly account maintenance fees, and deposits are free.
- Wide Range of Cryptocurrencies for Trading
The exchange also offers a wide range of cryptocurrencies for trading. This includes less popular coins that have much more ROI potential. This makes Kucoin the go-to place for many small traders.
- Interest on Crypto Lending and Rewards on Staking
Kucoin users also enjoy 8-12% interest on their crypto assets in two ways. You can either lend out your assets and gain interest in return or stake your assets in their Pool-X company.
Crypto.com was founded in 2016, a year earlier than Kucoin. Since then, it has become a powerhouse in the crypto-verse. The exchange has some of the best perks in the space.
- One-Stop-Shop for Crypto Products
The platform is a one-stop-shop for a lot of services and products related to the crypto industry. In more ways than one, Crypto.com is similar to a bank. In addition to exchanging cryptocurrencies, you can exchange your assets with other users in a peer-to-peer fashion. crypto.com has their Visa card, which allows you to spend your crypto assets, get paid in crypto. You can even get a crypto loan with Crypto.com.
- Zero Trading and Depositing Fees
Crypto.com users also enjoy low fees. Depositing money or crypto into your Crypto.com account is free of charge. Also, it is one of the few exchanges where you can buy crypto at true cost (i.e., no fees for trades executed). Crypo.com is one of the easiest places to convert fiat to crypto, which is very good for traders in terms of fees.
- Lucrative Cash-Back Program and High Interest-Earning on Crypto Assets
Crypto.com has a cash-back program where you receive benefits when you stake your CRO tokens. They have five prepaid Visa Cards, which are of different levels. The highest card, Obsidian, earns you 8% cash-back when you use the card for spending. With Crypto.com, you also earn a maximum of 14% interest when you use their platform. Amount interest depends on how much CRO you have staked.
Kucoin or Crypto.com?
We cannot rightfully say which one is the best because every trader has their preferences. Some may prefer cash-backs to earning interest, while others may join a platform simply because it offers a large range of crypto assets. Before choosing a platform to join, you should consider these factors for a better trading experience.