EN 
ID 
Bybit and KuCoin, two top cryptocurrency exchange platforms stand as pillars in providing innovative and efficient cryptocurrency trading services.
In 2021, Bybit managed to record a trading volume of more than $1 trillion, a figure that reflects the great trust and interest of traders around the world. On the other hand, KuCoin, with users spread across more than 200 countries, has achieved a position as the fourth largest crypto exchange in the world in terms of trading volume.
Choosing between Bybit and KuCoin is not just about comparing the numbers, but also about understanding the advantages and unique features each exchange offers.
In this article, we will dive deep into comparing Bybit and KuCoin, helping you determine which is the best crypto platform for you.
Daftar Isi.
Bybit
- Supported Coins: ByBit supports more than 300 crypto coins, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Cardano (ADA), and Solana (SOL).
- Security: Cold storage for most assets, Two-factor authentication (2FA), Data encryption, Bug bounty program
- Payment method: Bank transfer, Credit/debit card, Cryptocurrency
- Customer Support: ByBit offers 24/7 customer support via: Help center and Email
- Leverage: ByBit offers up to 100x leverage for some crypto coins.
- Restricted Countries: ByBit is not available in some countries, such as the United States, mainland China, Singapore, certain parts of Canada, North Korea, Cuba, Iran, some parts of Ukraine, and Syria.
With a trading volume of more than Rp. 168 trillion Bybit is the 5th largest crypto exchange. This platform offers many interesting features, including spot trading, derivatives, margin and copy trading.
Bybit currently supports more than 770 assets and pairs for cryptocurrency exchange, with leverage options of up to 100x on certain cryptocurrencies. Bybit also offers crypto staking with over 400 cryptocurrencies available for single and multiple staking with fixed and flexible terms.
In terms of security, Bybit implements strict security measures, including storing private keys in cold storage and two-factor authentication, and has not experienced a security breach since its founding in 2018. Bybit crypto exchange also provides an intuitive interface and supports more than 21 languages, including Indonesian.
Uniquely, Bybit does not require KYC for registration, but limits withdrawals of more than 2 BTC per day for users who do not go through the KYC process. The platform is accessible in more than 180 countries, but has restrictions in some regions. You can still use the ByBit crypto exchange in Indonesia, but you need to use a VPN to access it.
Bybit Features
Derivative Contracts: Bybit presents a platform for trading derivative contracts including perpetual and futures contracts. Perpetual contracts provide traders with flexibility because they have no expiration date, allowing traders to maintain their positions indefinitely.
Spot Trading: Not only limited to derivative contracts, Bybit also provides spot trading which facilitates direct buying and selling of crypto assets. With over 442 cryptocurrencies and over 600 crypto trading pairs, Bybit offers a wide variety, providing access to some of the most popular and liquid coins on the market.
High Leverage: Bybit offers leverage of up to 100x, which is one of the highest in the industry. This certainly provides an opportunity for you to increase your potential profits, but it is also accompanied by higher risks.
Bybit TradeGPT: AI-based trading tools designed to enhance the trading experience on the Bybit platform. TradeGPT provides real-time data and market analysis to help traders gain insight into market volume, long and short ratios, sentiment indices, and more. Key features include automated market analysis summaries, technical indicator analysis, and a smart Q&A feature for specific questions about cryptocurrencies.
Bybit Launchpad and Launchpool: Bybit Launchpad allows users to get early access to new and promising blockchain projects. Meanwhile, Launchpool offers users the opportunity to get involved in providing liquidity and earn rewards and token rewards. These two features strengthen the Bybit ecosystem by connecting users with the latest innovations in the blockchain industry.
NFT Marketplace: Bybit's NFT Marketplace allows users to explore, buy and sell NFT assets. This marketplace integrates various major blockchains, providing diversification and access to various forms of digital assets, from Solana, Polygon, Tezos, to Bitcoin ethereum.
Payment Methods and Fees
Bybit offers a variety of attractive crypto trading features with a competitive fee structure and a variety of payment methods that support user transactions. Let's take a brief and interesting look at the fees and payment methods at Bybit.
Trading Fees
Bybit implements a maker-taker fee scheme for its trading transactions. For spot trading, fees start from 0.1%, which is competitive and on par with what Binance offers. For derivatives and futures contracts, fees start at 0.03% for options and 0.06% / 0.01% for futures trading. Trading fee discounts are available for traders with high trading volumes who also hold BitDAO (BIT) tokens.
Payment method
Bybit introduced a peer-to-peer (P2P) trading platform in January 2022, allowing users to buy and sell crypto assets in a decentralized manner without transaction fees. This crypto exchange platform offers more than 80 payment methods, including bank transfers, credit/debit cards, and various e-wallet options, providing significant flexibility for users.
Withdrawals and Deposits
There are no additional fees for withdrawing funds from Bybit, although there is a flat fee charged to cover network costs. These fees vary depending on the assets being withdrawn. For example, the fee for Bitcoin is 0.0002 BTC, Ethereum is 0.0012 ETH, and Solana is 0.01 SOL.
Customer service
Bybit customer service, which is available 24/7, offers comprehensive support via email, phone or live chat. To get help, users can submit a request ticket through the Bybit Help Center.
When submitting a ticket, clarity and completeness of details are of paramount importance. Including screenshots or documents will increase the agent's understanding of your problem.
Additionally, selecting the right category ensures your request is routed to the appropriate agent. Their Help Center is also full of useful information, such as FAQs and trading guides, that can answer your questions without having to file a ticket. Also make sure to check whether the language option you selected is available so that communication runs smoothly.
Advantages (Pros):
- Advance Features for Derivative Trading
- High Leverage
- User Friendly Interface
- Passive Income Potential with ByBit Earn
- 24/7 Multilingual Customer Support: ByBit provides 24/7 customer support in several languages, including English and Indonesian.
- NFT Marketplaces.
- Instant Crypto Purchase Option
Disadvantages (Cons):
- Spot Trading Limited
- Regulatory Uncertainty
- High Leverage Risk
- Not yet registered with Bappebti
KuCoin
- Supported Coins: KuCoin offers over 700 coins and tokens for trading, including Bitcoin, Ethereum, and various popular altcoins.
- Security: Data encryption, Two-factor authentication (2FA), Regular security audits
- Payment method: KuCoin supports various payment methods for purchasing crypto, including: Bank transfer, Credit/debit card, P2P trading, Crypto deposit
- Customer Support: KuCoin offers 24/7 customer support via email, live chat, FAQ
- Leverage: KuCoin offers up to 10x leverage for spot and margin trading. Keep in mind that leverage can increase risk and the potential for profits and losses.
- Restricted Countries: KuCoin is not available in some countries, including: United States, Canada, China, Japan, Singapore
KuCoin, which was launched in 2017, has grown into a crypto exchange that is quite popular among global users. This exchange stands out for providing more than 700 types of cryptocurrencies and more than 1200 trading pairs.
One thing that attracts a lot of attention is its competitive transaction fees. With a standard deposit fee of 0.1% for each transaction and can be reduced further if users pay using KCS tokens, KuCoin's native currency.
Crypto Exchange KuCoin offers a variety of deposit methods including bank transfer, credit/debit card, PayPal and others, making it easy for users from various countries to participate. Interestingly, KuCoin also provides a feature to lend cryptocurrencies to earn interest, allowing users to generate passive income from the crypto assets they own.
For mobile trading, KuCoin provides an application that can be used on iOS and Android, allowing you to buy and sell, stake, lend, and earn coins anytime and anywhere. This application gets good reviews from users because of its complete functionality and ease.
KuCoin Features
KuCoin Spot Trading: KuCoin offers intuitive features to buy and sell various crypto assets instantly. This feature is ideal for traders who want to execute transactions based on real-time market analysis, to give them complete control over their trading decisions.
KuCoin Margin Trading: This feature allows users to trade larger amounts than they have in their balance, by borrowing funds from KuCoin. However, while offering the opportunity for greater profits, margin trading also increases risk, as losses can exceed the initial capital.
KuCoin Futures Trading: KuCoin provides a platform for trading futures contracts, allowing speculation on the future price direction of crypto assets. These contracts are set to settle on a specific expiration date, giving you the flexibility to take a long or short position. KuCoin Futures Trading is a useful tool for hedging and speculation, although it requires a good understanding of market mechanisms and risks.
High Leverage: KuCoin is one of the crypto exchanges with the highest leverage. You can get up to 100x leverage on certain products to increase exposure to price movements with relatively little capital. However, keep in mind, the use of this leverage requires a deep understanding of the associated risks. Because even though it can increase profits, it can also increase losses.
KuCoin Trading Bot: KuCoin DualFutures AI Trading Bot is a powerful tool designed for high-frequency contract trading strategies that can quickly adapt to market changes. The bot is optimized for rebound and pullback conditions, enabling effective trade execution in both trending and volatile markets.
Fiat Gateway: The platform simplifies the crypto purchasing process by allowing users to purchase crypto assets using fiat currency. Through various payment methods such as credit/debit cards and bank transfers, this feature bridges the world of traditional finance with the crypto market.
KuCoin Margin Bonus: This unique feature provides incentives for users who carry out margin trading using KCS tokens. Users can earn additional bonuses, which adds value to those who are active in margin trading on KuCoin.
KuCoin Win: This rewards program is an interactive and fun way for users to participate in various activities and win prizes. KuCoin Win provides an opportunity for you to get more involved with the community while having the opportunity to earn bonuses later on.
Payment Methods and Fees
KuCoin has a competitive fee structure and a variety of payment methods to meet the needs of its users. The following is a review and summary of fees and payment methods at KuCoin
Trading Fees
KuCoin's trading fee for the spot market is 0.1% for market makers and takers, which can be reduced to 20% if paying fees with KuCoin's KCS token. KuCoin offers different fee structures depending on 30-day trading volume, with lower rates available for users who have higher trading volume or who hold a certain amount of KCS tokens.
For futures trading, KuCoin has competitive fees with different rates depending on the position as maker or taker.
Payment method
KuCoin supports various payment methods including credit/debit cards, Apple Pay, Google Pay, and various local methods, with fees varying between 3% to 5% depending on the payment method. The platform supports more than 50 fiat currencies and various payment methods for P2P trading, including bank transfer and PayPal.
Withdrawals and Deposits
At KuCoin, you can deposit funds without incurring fees, but withdrawal fees will vary depending on the crypto asset and network chosen. KuCoin does not provide direct withdrawals to fiat currency accounts, but allows you to purchase cryptocurrency with fiat currency via third-party payment providers.
Customer service
KuCoin provides customer service that operates 24/7 to ensure an optimal trading experience for its users. The two main methods to contact the KuCoin support team are through ticket submission and online live chat. You can submit a ticket via the web version or the KuCoin application which is at the bottom of the web page or in the application after logging in.
Additionally, online live chat is available for quick and efficient response to any questions or problems you may encounter. KuCoin also has a chatbot designed to solve various problems that users may encounter, including deposit problems, withdrawals, etc.
Excess:
- Wide Crypto Selection
- Competitive Costs
- Advanced Trading Features
- Earning and Staking Potential
- User Friendly Interface
- Multilingual 24/7 Customer Support
- KuCoin Win Reward Program
- Discounts from KCS Tokens
Lack
- Does not have official permission from CoFTRA
- Too complex for beginners
- High Leverage Risk
- Slower response time compared to other exchanges.
ByBit vs KuCoin: Which is the Best Crypto Platform for You
ByBit emerges as the top choice for those of you looking for advanced features and high leverage. Although it is important to remember that the use of leverage must be done with great care considering the large risks involved. This platform is best suited for those who are comfortable with the high risks involved in leverage and derivatives trading.
On the other hand, KuCoin appeals to crypto enthusiasts looking for variety, with a wide selection of cryptos for trading, making it ideal for those who want exposure to a variety of digital assets.
With competitive trading fees, KuCoin also stands out for those of you who are cost-conscious. Additionally, while beginner-friendly, KuCoin provides advanced features such as DualFutures, spot trading, and staking, which offer additional dimensions that appeal to users looking for more than just spot trading.
So which crypto exchange catches your attention? Register at KuCoin or Bybit and use these referral codes I9D8D7D (Bybit) and QBSTS25N (Kucoin) to get exclusive discounts from these exchanges!
