Phemex vs KuCoin: The Answer Is Inside

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Quick Verdict – Phemex vs KuCoin

Phemex and KuCoin are both reliable crypto exchanges with different strengths. KuCoin excels with its wide range of cryptocurrencies, NFT features, advanced charting tools, and high trading activity.

Meanwhile, Phemex stands out for its derivatives trading, ID-free trading option, fast execution speed, and strong security measures. These features make it popular among a wide breadth of traders.

	Phemex	KuCoin
Website
Promotion	Up to $6,050 Crypto Sign Up Bonus	Up to 500 USDT in bonuses
Fiat Currency	BTC, ETH, XRP, and 330 Others	USD, GBP, EUR, CNY & 46 others
Supported Cryptocurrency	BTC, ETH, XRP, and 334 Others	806
Max. Trading Fee	0.1% (spot), 0.06% / 0.01% (futures)	0.1%
Overall Rating	HedgewithCrypto Score 4.8 / 5 We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. Visit Phemex	HedgewithCrypto Score 4.6 / 5 We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. Visit KuCoin
Review	Read our full Phemex Review	Read our full KuCoin Review

Phemex Overview

Phemex started in Singapore in 2019. Former Morgan Stanley traders created this crypto exchange where users can trade without showing their ID. Traders can use up to 100x leverage on futures trades, and the fees are low compared to other exchanges. New users can practice trading strategies using a demo account with fake money. Since its inception, the exchange has kept user funds safe, with no successful hacks in its history.

KuCoin Overview

KuCoin launched in 2017 when crypto prices were rising fast. The exchange lists many smaller cryptocurrencies and keeps trading costs low. KuCoin's cryptocurrency (KCS) users get daily rewards from the platform's trading fees. In 2020, hackers stole funds from KuCoin, but the exchange reimbursed the affected investors.

Phemex vs KuCoin: Features, Products & Services Compared

These two crypto exchanges, Phemex and KuCoin, share many common elements in their platforms' design, functionality, and user base. Comparing their distinct features helps traders determine which exchange matches their trading requirements better.

Supported Countries

Both Phemex and KuCoin have a strong global presence but are restricted due to regulatory issues in countries like the US, UK, China, and Canada. KuCoin has a larger user base (27 million vs. Phemex's 5 million), giving it an edge in global reach.

Supported Deposit & Withdrawal Methods

Phemex offers diverse deposit options, including credit/debit cards and wire transfers, with no extra fees for crypto deposits. KuCoin supports deposits in 39 fiat currencies but charges higher fees for bank and card transactions.

Supported Cryptocurrencies

Ranking among the top altcoin exchange platforms, Phemex supports 230+ spot assets and 140+ derivatives markets, covering major cryptocurrencies with a moderate variety. KuCoin, however, excels with 750 unique cryptocurrencies and more than 1,400 trading pairs, offering extensive options for diversification.

Trading Volume & Liquidity

KuCoin ranks #8 on CoinMarketCap with a 24-hour trading volume of $811 million, making it ideal for high-volume traders. Phemex, ranked #55, has a 24-hour trading volume of $120 million, suited for niche market traders.

Earning Interest On Crypto

KuCoin Earn offers over 50 assets with up to 180.05% APR yields, providing more diverse earning options. Phemex Earn offers up to 100% APY and has limited asset selection. Phemex Earn offers fixed and flexible savings on 13 assets, with yields of up to 10% APY on short-term products.

Buying & Selling NFTs

KuCoin distinguishes itself with its fractionalized NFT service, which lets users buy shares in high-value NFTs that might otherwise be unaffordable. For instance, instead of spending 10 ETH on a MAYC NFT, a customer can purchase a 1/10th share for just 1 ETH. In contrast, Phemex does not offer any NFT trading features.

Phemex vs KuCoin: Ease Of Use

KuCoin features intuitive navigation, multi-screen charting, and TradingView integration, making it user-friendly for many traders. Phemex also integrates TradingView and offers educational resources for most.

Phemex vs KuCoin: Trading Experience

Phemex offers ultra-fast order execution and advanced derivative tools, which are ideal for more active traders. KuCoin provides comprehensive features like trading bots and multi-screen charting but is slower compared.

Phemex vs KuCoin: Trading Fees

Phemex charges 0.1% for spot trades and exceptionally low futures fees (0.01% maker, 0.06% taker). KuCoin also offers sound fees but employs a tiered fee structure based on the user's KuCoin Shares (KCS) balance trading volume.

Phemex vs KuCoin: Mobile App

Phemex's mobile app is highly rated (4.3/5 on Play Store) for its user-friendly design and smooth performance, with strong user ratings (4.7/5 on Android, 4.5/5 on iOS). KuCoin's app mirrors desktop functionality but occasionally suffers from login or withdrawal issues.

While KuCoin offers more advanced order types, Phemex excels in speed and usability, making it the preferred choice for mobile traders. Both platforms deliver robust trading experiences, but Phemex stands out for its easy-to-use interface.

Phemex vs KuCoin: Security

Phemex employs strong security measures—100% cold storage, multi‑signature withdrawals, and 2FA—with an unblemished record since inception. KuCoin also uses advanced security protocols but suffered a hack in 2020.

Phemex vs KuCoin: Customer Support

Phemex offers 24/7 live chat, email support, and a well-structured help center. KuCoin provides support via an AI chatbot and live chat but can be slower to respond.

Final Comparison Scores

Comparison Criteria	Winner
Features, Products and Services	KuCoin
Ease of Use	KuCoin
Trading Experience	KuCoin
Trading Fees	Phemex
Mobile App	Phemex
Security	Phemex
Customer Support	Phemex