Kucoin vs Bingx: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Kucoin and Bingx This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Kucoin

Bingx

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Kucoin is ideal if:

Bingx is ideal if:

Social or copy traders: You’ll benefit from one of the most robust copy-trading ecosystems in crypto, with transparent trader metrics and automated execution tools.
Beginners needing ease and tools: The platform combines a clean, intuitive interface with demo trading, grid bots, and straightforward guidance—designed to ease newcomers into crypto trading.
Leverage and derivatives users: Advanced traders get access to high leverage (up to 125×), diverse derivatives beyond crypto (like forex, indices, commodities), and TradingView-style analysis features.

Kucoin isn’t ideal if:

If you're looking for full fiat on-ramp flexibility, you may find KuCoin lacking due to limited direct deposit and withdrawal options.
If you're just starting in crypto trading, KuCoin's advanced interface and tools could feel overwhelming rather than beginner-friendly.
If you're in a highly regulated market or prioritize strict compliance, KuCoin may fall short due to its offshore structure and past legal challenges.

Bingx isn’t ideal if:

You want direct fiat trading or card support: If you prefer depositing and withdrawing fiat currencies directly, this may be a drawback—BingX relies heavily on third-party or stablecoin conversions rather than full fiat integration.
You need full support in heavily regulated markets: Residents of countries like the US, UK, or Canada may not be able to access the platform due to local restrictions or compliance policies.
You expect phone-based customer support: Support options are limited to email and live chat, so if you need voice assistance, this platform may fall short for your needs.

Fees & Total Costs

Spot Maker/Take

KuCoin applies a standard maker/taker model where both roles initially face the same base percentage; however, as your trading volume increases or you hold more of the native KCS token, your fees can drop significantly—especially if you pay with KCS, which unlocks a built-in discount on those trading costs.

Most major spot pairs carry a flat maker-and-taker rate of around 0.1 %, though less liquid or niche tokens may incur slightly higher rates up to 0.15 %, and VIP levels or usage of the native token can unlock discounts.

Futures/Derivatives

Futures trading follows a similar tiered fee structure, with makers generally enjoying lower rates than takers, and additional savings possible through higher VIP levels or KCS usage; funding fees are applied to perpetual contracts at regular intervals, aligning the futures price with the spot market.

Perpetual futures typically cost about 0.02 % for makers and 0.05 % for takers, plus a funding rate that updates roughly every eight hours and can swing depending on market imbalances.

Average Spreads on Liquid Pairs

On very liquid pairs like BTC/USDT and ETH/USDT, the typical bid-ask spread is extremely tight—often imperceptible to most users—making execution costs minimal for high-liquidity trades.

For top-tier pairs like BTC/USDT and ETH/USDT, the spreads are very tight, reflecting strong liquidity and efficient execution in the order book.

Fiat Deposits & Withdrawals

Depositing fiat is supported through various channels (such as bank transfers, P2P, or third-party services), often with modest charges and varying settlement times; withdrawals follow a similar pattern, with costs and processing durations depending on the chosen method and currency.

Users must rely on third-party services (like MoonPay or Mercuryo) or P2P methods for fiat funding; BingX itself doesn’t charge fees, but providers may, and processing times vary by method and geography.

On-chain Withdrawals

Withdrawal costs depend on the coin and blockchain network you choose

Crypto withdrawals are charged a flat network-based fee per token—e.g., approximately 0.0005 BTC, 0.005 ETH, or 1 USDT (TRC-20)—subject to variation based on congestion and blockchain conditions.

Hidden Costs

While KuCoin operates transparently, you may encounter additional indirect costs like currency conversion spreads, potential inactivity fees, or expedited KYC processing—so it’s wise to review their service terms for any such ancillary charges.

Additional costs may include a 0.2 % currency conversion fee when depositing in a different fiat than your account base, possible inactivity or express KYC fees in rare cases, and variable third-party fees on fiat rails.

Real-World Cost Example: “€500 BTC

If you use €500 to purchase BTC, your total cost includes the base trading fee, the difference between buy and sell price embedded in the execution price, and any eventual withdrawal costs—so the actual amount delivered to your wallet will be slightly less than €500 worth of BTC.

In this scenario, you’d face the spot trading fee (~0.1 %), a small spread on BTC/USDT, any conversion fee if deposited in euros (~0.2 %), and the fixed network withdrawal fee to take BTC off the platform.

Crypto Offering & Trading Features

Number of Coins & Pairs

KuCoin lists well over 900 cryptocurrencies—pushing close to or beyond the 1,000-mark—covering approximately 1,200+ trading pairs, with the top 20 dominated by high-volume staples like BTC/USDT and ETH/USDT.

BingX supports over 1,000 cryptocurrencies across more than 1,000 trading pairs, with the top-20 pairs by volume heavily featuring mainstream assets like BTC/USDT, ETH/USDT, SOL, XRP, DOGE, ADA, LINK, and TRX.

Product Range

The platform supports a comprehensive range including spot, margin, futures (perpetuals), options, staking and lending (via Earn), copy trading, automated grid bots, and DCA tools, positioning itself as a multi-product hub for diverse trading styles.

The platform covers a full spectrum of instruments—spot trading, margin, perpetual futures (perps), copy trading, grid bots, staking, wealth products, lending/loans, and promotional staking, though it doesn’t currently offer options or crypto ETFs.

Liquidity

With daily trading volumes typically exceeding $1.5 billion and strong order book depth in major pairs such as BTC/USDT and ETH/USDT, KuCoin delivers robust liquidity suitable for both strategic executions and large-volume limit orders.

BingX regularly sees multi-billion-dollar 24 h trading volume, with a deep order book on major pairs like BTC and ETH ensuring tight spreads and swift execution even amid market swings.

Tools

Users have access to advanced order types (limit, stop, OCO), price alerts, rich charting tools, native TradingView integration, and both REST API and WebSocket endpoints for seamless automation and real-time data feed.

Traders can access a comprehensive toolkit

Geographic Restrictions by Product

While KuCoin serves a global user base, it restricts access to certain products like derivatives in highly regulated jurisdictions such as the United States, limiting some trading features for residents in those regions.

Certain advanced products—especially derivatives and copy trading—may be unavailable or restricted in jurisdictions like the US, UK, and Canada due to regulatory constraints.

Innovation

The exchange continuously rolls out innovative features including token launch initiatives like Launchpad/Launchpool, and diversified Earn options with both flexible and locked staking products to suit different investor appetites.

BingX stands out with its Launchpad and Launchpool programs for new token access, plus flexible vs. locked staking options, making it attractive for users aiming to participate in early-stage token launches.

Security, Regulation & Custody

Operating Entity & Jurisdiction

KuCoin is run by PhoenixFin Pte. Ltd., a company incorporated in Singapore, with its founding roots tracing back to 2017 and its current operational base in Seychelles—positioning it as a globally-focused exchange governed under offshore legal structures.

BingX is operated by BingX Group, established in 2018, with headquarters in Singapore and branch offices across the EU, Australia, and Hong Kong, serving a global user base.

Licenses/Registration

The platform is actively pursuing regulatory compliance, including a recent MiCA license application in Europe, having also secured VASP recognition in regions like India, while still operating without licensing in highly regulated markets such as the United States.

The platform holds Money Services Business (MSB) registrations in the United States and Canada, demonstrating regulatory compliance for digital asset and FX services in those regions.

Custody

KuCoin maintains full custody of user funds, combining its own wallets with institutional-grade infrastructure like BitGo; it publishes independent monthly Proof of Reserves audits—over 32 consecutive reports—consistently showing reserve ratios above 100%, ensuring all user assets are fully backed.

BingX entrusts custody to a combination of its own infrastructure and bank-grade systems, stores around 90 % of assets in cold wallets, publishes Proof of Reserves reports (typically bi-monthly), and undergoes independent audits by third parties.

Insurance & Protection Funds

While not publicly detailing a dedicated insurance fund, KuCoin has relied on insurance coverage and recovery mechanisms in past incidents, signaling that asset protection tools are in place though not deeply specified for public reference.

A dedicated Shield Fund exists to safeguard users from extreme volatility and leveraged position failures, complementing the security infrastructure.

Incident History

The platform suffered a significant security breach in 2020, losing around $281 million; users recovered approximately 94% of assets through a mix of platform reserves, law enforcement aid, and insurance; more recently, KuCoin settled legal matters in the U.S. with sizable fines and market exit agreements.

In September 2024, BingX experienced a hot-wallet breach resulting in significant asset loss, after which it restored operations fully and launched the “ShieldX” security enhancement program.

Risk Controls

Security measures include mandatory two-factor authentication, email/domain whitelisting, real-time anti-phishing alerts, granular API permissions, and support for sub-accounts—all designed to help users control access and minimize threats.

Users benefit from robust controls including mandatory two-factor authentication (2FA) via email, phone, or authenticator apps, optional fund-password separation, anti-phishing codes, withdrawal whitelists, account locking, AI-augmented withdrawal reviews, and granular API and sub-account permissions.

Transparency

KuCoin delivers high transparency via monthly PoR reporting, real-time reserve verification tools, and meets enterprise security standards such as SOC 2 Type II and ISO 27001; it also provides a law-enforcement request framework, strengthening its operational accountability.

The platform provides periodic Proof of Reserves disclosures, engages in regular security audits and penetration testing, and offers enhanced monitoring via ShieldX infrastructure, though public wallet addresses or formal SLA documents are not prominently featured.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

You can top up your KuCoin account using bank transfers (e.g., SEPA, PIX), credit/debit cards via the Fiat Account interface, or e-wallet services; transaction limits and processing times vary by method, with same-day or instant options available alongside longer-bank-transfer alternatives.

BingX accepts fiat deposits via bank transfers (such as SEPA or local rails), credit/debit cards, and e-wallets; daily and monthly limits vary by KYC level—unverified users face tighter limits, while advanced-verified accounts enjoy unlimited access—and deposit times range from instant to a few business days depending on the method and region.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

KuCoin enforces a tiered identification system—ranging from basic registration to full verification (including photo ID and selfie)—each unlocking broader functionality and higher daily limits for withdrawals, fiat interactions, and product access.

BingX offers tiered KYC—Unverified, Basic, and Advanced—with gradually increasing deposit and withdrawal limits; for example, unverified users have modest caps, Basic KYC allows mid-tier limits, while Advanced KYC unlocks unlimited usage and fiat features like launchpad access.

Withdrawals

Crypto withdrawals are available across major networks like ERC-20, TRC-20, and BEP-20, each with distinct processing speeds; withdrawal limits scale with KYC level, with fully verified users able to move very large sums daily.

limits, times, and networks

Customer Support

KuCoin offers round-the-clock support via live chat and email, backed by a comprehensive help center and FAQs; typical response times are swift, and resources are regularly updated to guide users through common issues.

BingX provides 24/7 support via live chat (web/app) and email, backed by a comprehensive Help Center; response times are generally prompt, and they regularly upgrade their support system to enhance reliability.

Languages & Localization

The platform supports multiple language interfaces—including native Spanish—with local display of amounts (e.g., in €), although deeper regulatory tailoring depends on region and may affect product availability.

The platform supports multiple languages (English, Spanish, French, etc.) and displays fees in fiat like EUR or USD depending on user region; Turkish support was removed recently due to regulatory changes, but localization remains robust overall.

App Quality & Stability

KuCoin’s mobile app is actively maintained with frequent updates; it’s generally reliable and user-friendly, with minimal stability issues reported—ensuring a smooth on-the-go trading experience.

Experience, Performance & Ecosystem

UX/UI

KuCoin’s interface balances flexibility and ease with its dual modes—“Lite” offers a streamlined, intuitive view that’s ideal for casual or first-time users, while “Pro” unlocks advanced charts, controls, and insights for more seasoned traders looking for precision and customization.

While there’s no official crash-rate metric, users frequently report occasional app crashes or performance hiccups on both Android and iOS; BingX recommends keeping the app updated, clearing cache, and restarting it to mitigate such issues.

Performance

The platform typically delivers swift order execution with low latency, though in extreme volatility spikes there have been isolated slowdowns; KYC verification tends to scale reasonably well, but during surges in trader interest (e.g., bull markets) processing times may stretch longer before full access is granted.

Order latency is generally low, ensuring quick fills even under normal market conditions, though performance can slow slightly during volatile spikes; KYC queues may grow during bull runs, causing temporary delays before trading access is granted.

Education

KuCoin provides a rich learning ecosystem via its KuCoin Learn portal—packed with crash courses, tutorials, and guides in multiple languages, including Spanish—and also offers a demo trading environment (paper trading) to help users gain hands-on practice risk-free before diving into live markets

Users enjoy access to a built-in academy with tutorials, demo trading and simulator features to practice risk-free, as well as educational materials increasingly available in Spanish, though the depth varies by content.

Community

A strong global community supports KuCoin users through official channels like Telegram and Discord, complemented by discussion forums and a referral program that rewards both new and existing users for spreading the word.

There’s an active official presence across forums, Telegram, and occasionally Discord, supported by a referral program that rewards users for bringing in new traders—this community dynamic enhances learning and engagement.

Integrations

KuCoin integrates seamlessly with tools like TradingView for advanced charting, supports external bot connections and offers an SDK for developers, and is compatible with various third-party tax and accounting services to simplify portfolio tracking and financial reporting

The platform integrates with TradingView for advanced charting, supports external trading bots, and works with third-party tax and accounting tools—simplifying strategy execution and post-trading record-keeping.

Who Each One Is Best For

This platform shines for intermediate to advanced traders who value diversity of products, automation, integrated trading tools, and flexible educational options—but beginners may find the initial interface a bit overwhelming without spending time in Lite mode or reviewing the learning materials first.

The interface’s dual mode suits both beginners (Lite) and seasoned traders (Pro); the robust ecosystem and tools make it especially attractive for users focused on social trading, automated strategies, and efficient workflow integration.