EN 
CN Are you looking for a great cryptocurrency exchange to trade, buy or sell your favorite cryptocurrencies? If so, you may have heard of MEXC and Kucoin, two popular and reputable cryptocurrency exchanges.
However, you may be wondering which one is better suited for your needs. How do they differ in terms of features, cost, security, and customer support? This article will help you answer these questions with an unbiased comparison of MEXC and Kucoin.
Distinctive features:
- MEXC has an advantage over Kucoin in terms of the number of supported tokens and trading pairs
- MEXC has zero transaction fees and lower withdrawal fees compared to the Kucoin platform
- Kucoin performs better in terms of large trading volume and low price slippage
目录表
MEXC vs Kucoin comparison
| MEXC | KuCoin | |
| birth | 2018 | 2017 |
| Founder | John Chen | Michael Gan |
| Headquarters | Singapore | Seychelles |
| Most suitable | Altcoin Trader | High Volume Cryptocurrency Trader |
| KYC certification | No (optional) | Yes (required) |
| Supported currencies | 1630+ | 700+ |
| Safety | 2FA, strong account security, anti-phishing code, PoR (Proof of Reserve) | 2FA, PoR, address whitelist, fund password, etc. |
| transaction fee | zero | 0.1% maker/taker |
| Deposit and withdrawal fees | No deposit fees
Withdrawal fees depend on currency |
No deposit fees
Withdrawal fees depend on currency |
| Trading volume | Moderate | very high |
| Mobile Applications | Available for Android and iOS devices | Available for Android and iOS devices |
MEXC is an exchange founded by John Chen in 2018. It is registered and headquartered in Victoria, Seychelles. With more than 500 employees, MEXC has become an important exchange with approximately 5 million users and a user base in more than 170 countries/regions.
The exchange has secured key licenses from countries such as Canada, Australia, Estonia, and the United States, which contributes to its global recognition.
MEXC offers a wide range of services, including spot trading and derivatives trading, and supports a wide selection of over 1,000 cryptocurrencies and 2,000 trading pairs.
Kucoin is a global exchange founded in 2017 by Michael Gan and a subsidiary of Seychelles-registered MEK Global Limited.
With more than 600 employees, Kucoin has established a strong presence in the cryptocurrency market with more than 20 million users in 200 countries.
The exchange offers a variety of services, including spot trading, margin trading, futures, staking, and lending. Kucoin is known for its user-friendly interface, competitive transaction fees, and variety of hard-to-find altcoins.
Both MEXC and Kucoin have their own unique features and advantages, attracting different types of traders.
MEXC stands out for its wide selection of cryptocurrencies and trading pairs, while Kucoin is known for its diverse altcoins and user-friendly interface.
MEXC vs. Kucoin: Features
MEXC features:
Advanced trading market: MEXC is an advanced digital asset trading platform that provides a variety of order types and trading services, including spot, margin and derivatives trading. Simulated trading functionality is also provided.
Copy trading: MEXC is an excellent crypto copy trading platform that allows users to copy the strategies of other experienced traders and share profits.
Savings (Staking and Earning): The MEXC Savings feature allows users to earn interest by staking crypto assets, offering different staking plans.
Kucoin features:
Advanced Trading Options: KuCoin is a versatile cryptocurrency trading platform that offers trading options such as spot, margin, derivatives markets, leveraged tokens, and trading bots.
Stake and Earn: KuCoin provides a staking function where users can lock cryptocurrencies and earn rewards. There are different staking plans to choose from.
Trading robots and social trading: Kucoin provides trading robot functions, where users can use specific trading algorithms to conduct automated trading and provide artificial intelligence-based strategy recommendations. It also supports social trading functions, allowing users to share and learn the strategies of other traders.
Distribution of registered users by country
MEXC is very famous among its user base, which is mainly Japanese. In addition, it also has a large number of users in Asia and North America.
Kucoin, on the other hand, is mainly used by American users. In addition to this, Kucoin also has customer groups in South Asia and South America, and it also has a certain number of users in Mexico, Central America, so it has established a user base around the world.
MEXC and Kucoin KYC certification requirements
On MEXC, the registration process is very quick and simple. Simply enter your email, create a password, and copy and paste the email verification code you receive to complete your registration. Once you complete these steps, your MEXC account will be immediately open and available for use.
The best thing is that MEXC does not require KYC verification for all users, so you can deposit cryptocurrencies immediately and start trading without additional verification.
Kucoin, on the other hand, offers a slightly different registration experience. Their registration process is also fast, taking less than a minute to complete. All you need to sign up is a basic email or phone number.
Similar to MEXC, Kucoin does not require KYC verification for all users. This means that unverified accounts can buy and sell the same cryptocurrencies as verified accounts.
However, if you want to unlock more features and gain more restrictions, you can choose to complete the KYC verification.
For users who choose to perform KYC verification on MEXC, there are some benefits to consider. If you want to purchase cryptocurrencies using fiat currency or access higher withdrawal limits of up to 80 BTC, you will need to complete basic KYC verification.
This will involve providing personal information such as your full name, address, valid government ID and a selfie.
If you want to further increase your daily withdrawal limit to 200 BTC, you can choose advanced KYC verification, which will require additional personal information and facial recognition.
Likewise, on Kucoin, if you decide to complete KYC verification, you will also enjoy benefits such as higher transaction and withdrawal limits. On Kucoin, the basic verification process usually results in approval within a few hours.
MEXC vs Kucoin: Fees
MEXC offers competitive trading fees, attracting traders from around the world.
In terms of spot trading, MEXC usually charges a fee of 0.21 TP3T for order makers and takers. For users who trade using MX tokens, they can enjoy additional discounts on trading fees. However, at the time of writing, MEXC has reduced the maker and taker fees for spot transactions to 0%. This is a great deal for those looking to buy and sell cryptocurrencies quickly.
For MEXC futures trading, there is currently a placing order fee of 0% and a taker fee of 0.01%. These competitive fees make MEXC the platform of choice for traders looking to participate in the futures trading space at a lower cost.
Now let’s turn to Kucoin’s transaction fees and see what kind of fee structure they offer. For spot trading on Kucoin, the maker and taker fees for Class A cryptocurrencies are both 0.1%. Large traders with monthly trading volumes exceeding 50 Bitcoins or holding at least 1,000 KCS tokens can enjoy lower trading fees whether trading spot or futures. This is a huge incentive for traders to increase their trading activity and take advantage of reduced fees.
As for Kucoin’s futures trading, the maker fee is 0.02%, and the taker fee is slightly higher, at 0.06%.
MEXC VS Kucoin: Security
Both MEXC and Kucoin have taken a series of measures in terms of security to protect users’ assets and data. Here are their security features:
Security features of MEXC:
- Leading industry technology: MEXC adopts leading industry technology to ensure the security and privacy of the entire system and user assets.
- Cold wallet storage: User's assets are stored in a separate cold wallet, which improves the security of assets.
- Multi-signature and advanced private key management: MEXC uses multi-signature and advanced private key management to increase account security.
- Trusted computing environment: MEXC adopts a trusted computing environment to provide a more secure trading environment.
Security features of Kucoin:
Partnerships: Kucoin partners with top international companies to develop strong security programs such as PCI DSS and CyberSource CCXT to ensure the security of user assets.
- Cold storage: Kucoin uses cold storage to store users’ assets, providing additional security.
- Web Application Firewall (WAF): Kucoin uses a web application firewall to protect the trading platform from malicious attacks.
- API security: Kucoin adopts API security measures to ensure the security and reliability of the API.
- Regular security audits: Kucoin conducts regular security audits to ensure the security and stability of the system.
Regarding the hack that occurred on Kucoin, although it suffered a major hack in 2020, it took remedial measures and promised to reimburse affected users for the funds they lost using cold wallets.
Overall, both MEXC and Kucoin are committed to protecting users’ assets and data security. However, based on its past record and reputation, MEXC may have a slight edge in terms of security. Users should carefully evaluate the security measures of each exchange and take appropriate security measures to protect their assets.
MEXC and Kucoin: Customer Support
Both MEXC and Kucoin offer multiple customer support channels. Users have access to 24/7 customer support via email or the site’s support ticketing system. Additionally, they have an FAQ section on their website that provides users with useful information.
However, Kucoin only has a 1.5/5 rating based on ratings on Trustpilot, with many users complaining about slow or ineffective customer support responses. Some users felt like they were talking to a bot rather than a real person. Similarly, MEXC also has a low rating on Trustpilot at 2.1/5, with users expressing dissatisfaction with the unusual coin prices on the exchange.
Overall, MEXC is slightly better at customer support (according to Trustpilot's ratings review). Although both exchanges have low ratings, MEXC’s low rating is mainly due to other reasons, such as user experience, interface design, supported tokens, etc., and is not entirely attributed to customer support services. Users should consider all aspects of the exchange and make a choice based on their needs and preferences.
Summary: Is MEXC really better than Kucoin?
In conclusion, both MEXC and Kucoin are excellent exchanges with high reputations in the market.
MEXC surpasses Kucoin in terms of cryptocurrency types and number of trading pairs, with more than 1,000 cryptocurrencies and 2,000 trading pairs, which is richer than the 700 cryptocurrencies provided by Kucoin.
MEXC has obtained key licenses from countries such as Canada, Australia, Estonia and the United States, while Kucoin has not yet obtained these licenses.
In terms of trading products, both MEXC and Kucoin provide spot trading and derivatives trading, but MEXC’s leverage is higher than Kucoin’s, reaching 200 times, while Kucoin’s leverage is 100 times.
In terms of user interface friendliness, Kucoin is superior in this regard as it has a more modern and clearer user experience.
Overall, both exchanges offer a wide range of products and services, and trading fees are generally very similar, with Kucoin having lower spot fees and MEXC having lower futures fees.
But which exchange do we choose as the winner? In our opinion, we like both exchanges equally and use them for both spot and futures trading!
MEXC and Kucoin FAQs
Is MEXC legal in Malaysia?
Yes, MEXC is legal to operate in Malaysia according to its user agreement. However, you can still use it with a VPN for cryptocurrency trading thanks to its KYC-free trading feature.
Is MEXC a reliable exchange?
Yes, MEXC is a reliable exchange founded in 2018 with approximately 10 million users from more than 170 countries. It has no transaction fees and supports trading on multiple cryptocurrency pairs. MEXC is easy to use and you don’t need to verify your identity.
MEXC offers many trading options and tools for traders of all levels. It also cares about its customers and their privacy by providing advanced security measures.
What are the Kucoin margin trading fees?
Kucoin margin trading fees are the same as spot trading (0.1% each for pending orders and taker orders). This exchange is one of the best margin trading platforms. It allows you to trade with up to 5x leverage.
What are the MEXC withdrawal fees?
MEXC withdrawal fees are variable. The amount of the fee depends on the cryptocurrency and network you choose. For example, the Bitcoin withdrawal fee is 0.0003 BTC on the BTC network, but is 0.00001 BTC on the BEP20 network.
You can view a full list of withdrawal fees and limits on the MEXC website.
