Kucoin Vs HitBTC 2024 [Security, Fees, Liquidity & Trading]

Updated On: 07/25/2023
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Cryptocurrency exchanges are the backbone of the digital currency market, providing traders with a platform to buy, sell, and exchange cryptocurrencies. However, with so many exchanges, selecting the right one for your needs can be challenging.

In this blog post, we will compare two popular cryptocurrency exchanges, KuCoin and HitBTC. Both platforms have gained significant popularity in recent years, offering users a wide range of features and benefits.

Whether you are a novice or a seasoned trader, this Kucoin vs HitBTC comparison will help you to decide which exchange is best suited for your trading needs.

What Is Kucoin?

What Is Kucoin?

Kucoin is a cryptocurrency exchange platform that allows users to buy, sell, and trade a wide range of digital assets.

It was launched in 2017 and is headquartered in Seychelles. The exchange has gained significant popularity due to its user-friendly interface, low trading fees, and wide selection of cryptocurrencies.

Kucoin also offers a mobile app for iOS and Android devices, allowing users to trade on the go.

The platform has its native cryptocurrency, Kucoin Shares (KCS), which offers users additional benefits such as reduced trading fees and access to exclusive features.

How To Use Kucoin?

The Kucoin platform is user-friendly and provides various features to help you get started. You can use the Kucoin app on your mobile device or desktop computer to access the exchange. You will need to create an account before you can begin trading.

Once your account is set up, you can deposit funds into your account using one of the supported payment methods, such as bank transfer or credit/debit card.

Once your funds are deposited, you can start trading in seconds. The Kucoin platform offers a wide range of trading options, including spot trading, margin trading, futures contracts, and more.

You can also use the advanced tools available on the platform, such as charting tools and order types to make informed decisions when placing trades.

How To Trade Using Kucoin?

How To Trade Using Kucoin?

Trading on Kucoin is a simple process. First, you need to select the trading pair you want to trade.

After selecting the trading pair, you can place an order by selecting the type of order you want to place, such as a market order or limit order.

Once you've selected the order type, set the amount of the cryptocurrency you want to buy or sell.

After confirming the order, monitor your trade in the "Active Orders" tab. You can view the order status and cancel orders if needed.

Once you have made a profit or want to withdraw your funds, you can sell your cryptocurrency and withdraw the funds to your external wallet or bank account.

Kucoin also offers advanced trading features, such as margin and futures trading, requiring additional knowledge and experience.

Researching and learning more about these features before attempting to use them is recommended.

What Is HitBTC?

What Is HitBTC?

HitBTC is a cryptocurrency exchange platform that was launched in 2013. It is headquartered in Hong Kong and allows users to buy, sell, and trade a wide range of digital assets.

The exchange has gained popularity due to its advanced trading features and low fees. HitBTC offers a user-friendly interface suitable for novice and experienced traders.

Additionally, the platform offers users access to advanced trading features such as margin trading, futures trading, and options trading.

HitBTC has its native cryptocurrency, the HitBTC Token (HT), which offers users benefits such as reduced trading fees and exclusive features.

How To Use HitBTC?

To get started with HitBTC, you'll need to create an account. After signing up, you can deposit funds into your account using various payment methods such as bank transfer or credit card.

Once your funds are deposited, you can start trading on the exchange. You can use the order book to place limit orders or market orders to buy and sell cryptocurrencies at the best available prices.

HitBTC also offers a mobile app for iOS and Android devices to trade on the go. The app allows you to monitor your portfolio performance in real-time and make trades with just a few taps.

It also includes features such as price alerts so that you never miss out on any trading opportunities.

How To Trade Using HitBTC?

How To Trade Using HitBTC?

Trading on HitBTC is easy and secure. All you need to do is transfer funds from your Wallet account to your Spot account by clicking the Transfer button. Once your funds are transferred, you can start trading right away.

You can also use the HitBTC App to make trading even easier. The App allows you to set up an account in minutes and offers a great trading assistant for anyone, regardless of background.

Additionally, you can improve your trading on HitBTC with automation and robots by connecting your HitBTC account via API and setting up a strategy.

So, if you want to start margin or futures trading, you must add assets to your Margin Account and make your first trade.

Kucoin Vs HitBTC

Kucoin Vs HitBTC

Kucoin and HitBTC are cryptocurrency exchanges offering similar services, such as buying, selling, and trading cryptocurrencies. However, there are some differences between the two exchanges.

Security

Kucoin has implemented two-factor authentication (2FA) for all accounts and cold storage for most of its digital assets.

They also use an advanced encryption system to ensure the safety of user data. Furthermore, Kucoin has a dedicated security team that is constantly monitoring the platform for any suspicious activity or potential threats.

HitBTC also offers 2FA for all accounts and utilizes cold storage for most of its digital assets. Additionally, they have implemented a multi-signature wallet system that requires multiple user signatures to access funds.

They also utilize an advanced encryption system and have a dedicated security team monitoring the platform at all times.

Fees

Comparing the fee structure of Kucoin and HitBTC can be a daunting task. Kucoin has a tiered maker/taker fee structure, starting at 0.1%, while HitBTC's fees are based on the amount of trading volume you have done in the past 30 days.

For example, if you have traded more than 200 BTC or 300 tokens in the last 30 days, your trading fee will be 0.2% for taker fees and 0.06% for maker fees.

In addition to the different fee structures, Kucoin offers discounts on trading fees depending on your account level.

The higher your account level is, the lower your trading fees will be when buying and selling coins. On the other hand, HitBTC does not offer any discounts on its trading fees regardless of account level.

It is important to note that both exchanges offer crypto-to-crypto transactions via smart contracts, which help reduce trading fees substantially - Kucoin charges 0.1% for asset trading pairs and 0.05% for bitcoin/fiat currency pairs, while HitBTC charges 0%.

Liquidity

When it comes to liquidity, Kucoin has the edge over HitBTC. According to CoinMarketCap, Kucoin has an average daily trading volume of $638 million, while HitBTC is only $90 million.

This means that Kucoin has more active traders and more assets available for trading anytime. Additionally, Kucoin offers 1449 coins and 815 fiat currencies for trading, while HitBTC only offers 815 coins and no fiat currencies.

Kucoin also provides users access to a Liquidity Trading Market where they can freely transfer and sell pledged assets.

This allows users to quickly move their funds around without having to wait for orders to be filled or worry about slippage.

Furthermore, Kucoin recently announced a rewards program for liquidity providers that will give them 350,000 CFX tokens in exchange for providing liquidity on the platform.

Rewards

Kucoin offers a referral program that rewards users with a percentage of the trading fees their referrals pay. The referral bonus is split between the referrer and the referee, with the referrer receiving 50% of the bonus and the referee receiving 40%.

Additionally, Kucoin has a loyalty program that rewards users with KCS (Kucoin Shares) for completing certain tasks. These tasks include inviting friends, trading on the platform, and holding KCS tokens.

HitBTC also has a referral program that rewards users for referring new customers to the platform. The referral bonus is split between the referrer and referee, each receiving 50% of the bonus.

In addition, HitBTC offers several other reward programs, such as an affiliate program and a loyalty program which reward users for completing certain tasks, such as trading on the platform or referring new customers.

Regulatory Compliance

KuCoin and HitBTC are cryptocurrency exchanges that operate in the global market. In terms of regulatory compliance, both exchanges have implemented KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, and have obtained licenses from regulators in several jurisdictions.

KuCoin is headquartered in Seychelles, which does not have a specific regulatory framework for cryptocurrency exchanges, while HitBTC is headquartered in Hong Kong and has faced some regulatory challenges in the past.

Overall, both exchanges have taken measures to ensure regulatory compliance, but it is important for users to conduct their own due diligence before using any cryptocurrency exchange.

Investment And Trading Options

Kucoin offers a wide range of investment and trading options, including spot trading, margin trading, futures contracts, and more.

It also has one of the lowest fees in the industry at just 0.1%. This makes it an attractive option for traders looking to maximize their profits.

HitBTC is also a great choice for investors looking for a wide range of investment and trading options. It offers spot trading, margin trading, futures contracts, and more. However, its fees are slightly higher than Kucoin's at 0.2%.

Which exchange has better crypto listings?

Which exchange has better crypto listings?

When it comes to crypto listings, Kucoin is the clear winner. The platform has an extensive list of digital assets available for trading, offering over 200 cryptocurrencies including Bitcoin, Ethereum, and many other altcoins.

In contrast, HitBTC offers a more limited range of digital assets with around 100 cryptocurrencies listed for trading. However, this includes all major cryptocurrencies such as Bitcoin and Ethereum.

So, while HitBTC provides access to all the big names in the crypto space, Kucoin expands your options by including a vast array of altcoins that might catch your attention.

Both platforms commit to provide their users with access to new and innovative projects through listing competitions and other initiatives. Therefore, the catalog on both platforms is constantly updated.

So, you're on the lookout for exotic or less known cryptos, Kucoin might be worth checking out. But remember that a wider selection doesn't necessarily mean better - it ultimately comes down to individual trading preferences and needs.

Which Exchange Has Better Order Types?

Which Exchange Has Better Order Types?

When comparing order types, both KuCoin and HitBTC offer a substantial variety equipped for different trading strategies.

These includes basic types like market, limit, and stop orders, offering flexibility to novice and professional traders.

However, Kucoin comes with an advantage by providing additional order types that HitBTC doesn’t. Features like stop-limit orders provide an extra layer of control over your trades.

This setup allows you to define a specific price at which you'd like your order to execute.

HitBTC also provides advanced trading features like "scaled orders," which allow users to place multiple limit orders at different prices simultaneously—ideal for those looking for more complex strategies.

Thus, while both platforms have versatile order types, the choice between Kucoin or HitBTC can be dependent on a trader's strategy and experience level.

Which Is Better In 2024: Verdict On Kucoin Vs HitBTC

The choice between Kucoin and HitBTC will largely depend on a trader's specific needs. However, taking into consideration factors like security, fees, liquidity, rewards, compliance, and versatility of order types amongst other things, Kucoin seems to hold an edge over HitBTC in 2024.

Being domicile in Seychelles gives it a bit of regulatory leverage. Plus, it offers lower fees (0.1%), more trading options and greater cryptocurrency listings. Coupled with higher daily trading volumes for better liquidity and a rewarding referral system.

That said, every trader's requirements vary depending on experience level and individual preferences making HitBTC a valuable platform as well with its unique offerings such as scaled orders. So it's advisable to try both platforms to decide what suits best for your trading needs.

FAQs About Kucoin And HitBTC

What Are The Fees For Trading On Kucoin And HitBTC?

Kucoin has a fee of 0.1%, while HitBTC charges 0.2%.

Which Exchange Is Better, Kucoin Or HitBTC?

It depends on your individual needs. Kucoin has lower fees and more liquidity, but HitBTC may be better for users who need access to fiat currencies or want a wide range of investment and trading options.

What Cryptocurrencies Are Available On Kucoin And HitBTC?

Both exchanges offer a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others. Kucoin has a larger selection of altcoins than HitBTC, while HitBTC has a larger selection of stablecoins.

Conclusion

Kucoin and HitBTC are two of the leading cryptocurrency exchanges today. With Kucoin offering 0.1% fees, reliable order types and a wide range of trading options, it makes for a good choice for newer traders who are looking to get an edge in the cryptocurrency world.

Meanwhile, HitBTC offers its advantages with slightly higher fees but more established security protocols and fewer reports of technical issues.

This Kucoin vs HitBTC comparison has provided the information you need to make an informed decision when choosing an exchange.

Both exchanges have strengths that make them suitable for different types of traders, making it difficult to determine the better overall exchange.

Ultimately, the decision comes down to your individual needs and situation. Consider both exchanges carefully and choose the best suits your trading style.

Michael Restiano

I support product content strategy for Salt Money. Additionally, I’m helping develop content strategy and processes to deliver quality work for our readers.

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