Are you looking for a BingX Vs KuCoin comparison to choose the right platform for trading cryptocurrencies? If yes, you’ve arrived at the right place. Though both exchanges are popular within the crypto community, they cater to different user needs. While BingX focuses on providing AI-integrated products and services, KuCoin places a strong emphasis on security and advanced features.
In this article, we’ll compare these two exchanges in terms of their main features, fee structures, security, and user experience. We’ll also shed light on their referral and affiliate programs.
BingX vs KuCoin: Overview Comparison
| Metrics | BingX | KuCoin |
| Launch year | 2018 | 2017 |
| Global user base | 40+ million | 40+ million |
| Geographic coverage | 100+ | 200+ |
| Native coin | – | KCS |
| Listed cryptocurrencies | 1,037+ | 1,001+ |
| Trading pairs | 1,078+ | 1,239+ |
| Trading options | Spot, perpetuals, standard futures, peer-to-peer (P2P), pre-market, bot, and copy trading. | Peer-to-peer, spot, margin, bot, copy, futures, options, and leveraged tokens trading. |
| Staking products | Fixed & Flexible Earn, cryptocurrency loans, Dual investment, and Shark Fin. | Flexible Savings, on-chain staking, KCS staking, Hold to Earn, Shark Fin, Dual Investment, Snowball, KuMining, KCS loyalty, and crypto lending. |
| Payment options | Apple/Google Pay, bank transfer, credit card, and third-party channels like Skrill and Payoneer. | 100+ payment methods, including bank transfers, credit/debit cards, and third-party channels like Simplex and Revolut. |
| Security | Multi-factor authentication (MFA), fund code, passkeys, Shield Fund, 100% proof-of-reserves, multisig hot wallets, cold storage, and withdrawal allowlisting. | Anti-phishing code, two-factor authentication (2FA), withdrawal anti-tampering, proof-of-reserves, data encryption, hot/warm/cold wallet separation, web application firewalls, and DDoS protection. |
| Regulatory compliance |
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| Mobile application | Compatible with Android and iOS devices. | Compatible with Android and iOS devices. |
| Customer support | 24/7 support through e-mail, live chat, and help center. | 24/7 support through e-mail, live chat, and help center. |
What is BingX?
BingX is a renowned Web-3 firm and the first exchange to develop the pioneer AI-powered crypto trading assistant, BingX AI. At every step, it provides personalized and data-backed insights to boost your trading experience.
BingX is also a customer-focused platform, facilitating swift, secure, and efficient trades. It offers a variety of innovative tools and is the official crypto exchange partner of Chelsea Football Club.
With its extensive suite of AI-enabled and retail-oriented offerings, BingX caters to traders with varying experience levels.
| Pros | Cons |
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Notable features
- Pre-market trading: The BingX pre-market enables you to buy/sell crypto gems at desired prices before they’re officially released.
- Algorithmic bots: If you want to seize profitable opportunities automatically or make money during market volatilities, consider BingX’s configurable bots. You can capture every arbitrage window or enjoy endless arbitrage without upper limits using spot grid/ spot infinity grid bots. Derivative enthusiasts can use the futures grid/martingale bots to magnify profits or adjust position costs. The platform also facilitates signal trading for futures contracts.
- AI copy trading: BingX has integrated AI tools into its copy trading platform to make personalized recommendations. After thoroughly analyzing your portfolio, risk tolerance, and preferences, BingX AI suggests suitable experts whose strategies sync with your goals. It helps you follow multiple elite traders, size your positions, and estimate potential ROI and PnL beforehand. The exchange also enables you to replicate the trades of advanced LLM models like DeepSeek and Claude.
What is KuCoin?
Touted as the #1 cryptocurrency exchange by globalization, KuCoin is well-known for its comprehensive ecosystem, robust security, and user-friendly web/mobile interface. Founded in 2017, the exchange aims to build a state-of-the-art infrastructure to enable a free flow of value in the digital assets arena.
It also harnesses the power of blockchain technology to empower the unbanked and the undeserved, enabling them to make money. Over the years, KuCoin has earned the title “The People’s Exchange” for its relentless commitment to making crypto accessible to all.
| Pros | Cons |
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Notable features
- Leveraged tokens: They’re special types of derivative instruments that help you gain leveraged exposure to the cryptocurrency market. They enable you to clock profits by going long/short on the underlying crypto without depositing collateral or maintaining margins. As they come with a rebalancing mechanism, they also eliminate liquidation risks.
- KuCoin Pay: It is a Web-3 payment solution that allows you to conduct day-to-day transactions using cryptocurrencies at partner outlets. Its hallmark features include faster checkouts, attractive cashback, instant payments, live risk controls, and zero hidden costs.
- Staking products: Kucoin offers a wide range of passive income-yielding products. The Balanced category comprises Flexible Savings, On-chain staking, KCS staking, and Hold-to-Earn. Advanced options encompass capital-protected/high-yield instruments like Snowball, Shark Fin, and Dual Investment. Specialized options include cryptocurrency lending, liquidity mining, and loyalty rewards.
BingX vs KuCoin: Trading Features
| Trading options | BingX | Kucoin |
| Spot market | ✔ | ✔ |
| Perpetual futures contracts | ✔ | ✔ |
| Standard crypto / non-crypto futures | ✔ | ✖ |
| Pre-market | ✔ | ✖ |
| P2P platform | ✔ | ✔ |
| Automated bots | ✔ | ✔ |
| Social trading | ✔ | ✔ |
| Margin trading | ✔
(150x) |
✔
(125x) |
| Trading simulator | ✔ | ✔ |
| Leveraged tokens | ✖ | ✔ |
| Over-the-counter transactions | ✖ | ✔ |
| Option contracts | ✖ | ✔ |
BingX vs KuCoin: Platform Products and Services
BingX
- Spot: BingX supports over 1,039 coins, including major cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and Pepe. It also offers 1,082+ spot pairs. Additionally, the platform provides a special feature called Chainspot that helps you trade on-chain cryptocurrencies directly using your spot account. It doesn’t require an external web-3 wallet connection.
- Derivatives: BingX enables you to trade USDT, USDC, and coin-settled perpetual futures contracts. Currently, it supports 812+ futures pairs. Moreover, it offers standard futures for ordinary investors who want to trade global indices, commodities, and stocks along with cryptocurrencies.
- Leverage trading: If you want to increase your position size by investing a small amount upfront, utilize leverage. BingX offers a leverage of up to 150x and 300x for crypto and standard futures, respectively.
- LaunchHub: BingX offers various services to provide customers with early access to upcoming tokens. The Launchpad helps early-stage projects procure funding. Additionally, you can grab trending tokens before their official release through the Launchpool and Xpool. They enable you to lock your cryptocurrencies to receive airdrops or points. You can redeem these points for new tokens anytime.
- Passive income products: BingX provides principal-protected and profit-guaranteed staking products like Fixed Earn, Flexible Earn, and Shark Fin. To help users maximize their profits from the buy-low/sell-high strategy during intense market swings, the exchange offers Dual Investment. Also, you can stake one cryptocurrency to borrow another digital currency by leveraging BingX’s crypto loans feature.
KuCoin
- Spot and futures: Kucoin enables you to trade 1,000+ cryptocurrencies in the spot market. It also offers stablecoin-settled and coin-margined linear and inverse futures contracts. Currently, the exchange supports 1,239+ spot pairs and 584+ futures pairs.
- Cryptocurrency options: Kucoin offers USDT-settled Bitcoin, Ethereum, and Solana options. It requires users to select a target price based on their estimation of the underlying coin’s future price movements.
- Margin trading: If you want to amplify your potential profits, you can use leverage of up to 10x for spot transactions. For futures trading, Kucoin offers a leverage of up to 125x.
- Automated tools: To help you automate transactions, KuCoin offers multiple grid, AI-powered, and dollar-cost averaging bots. These include margin/infinity grid, spot/futures martingale, AI spot trend, smart rebalance, and DualFutures AI bots.
- Copy trading: KuCoin’s copy trading hub features numerous elite traders, whose strategies you can mimic to grow your earnings faster. You can also filter elite traders based on various parameters such as lead size, PnL, and overall rankings.
- Launch Hub: KuCoin’s GemSPACE comprises multiple features to help you get early access to crypto gems. While Spotlight promotes high-potential tokens, HODLer Airdrops rewards you with new coins for owning KCS. Besides, you can lock your idle cryptocurrencies in the GemPool or complete designated tasks under GemSlot to receive airdrops. You can also participate in GemVote, KuCoin’s community voting process, to ensure your favorite projects get listed on the platform.
BingX vs KuCoin: Fee Structures
| Description | BingX | KuCoin |
| Spot transactions | Maker: 0.1%
Taker: 0.1% |
Taker: 0.1% Taker: 0.2% Taker: 0.3% |
| Perpetuals/expiry futures | Maker: 0.02%
Taker: 0.05% |
Maker: 0.02%
Taker: 0.06% |
| Standard futures contracts | Fixed charge of 0.045% for all VIP levels. | – |
| Trading fee rebates | – | 20% discount on spot fees for KCS owners. |
| Deposit charges | Nil | Nil |
| Withdrawal fees | Varies based on the selected cryptocurrency and blockchain. | Varies based on the selected cryptocurrency and blockchain. |
| Crypto prepaid/debit card |
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BingX vs KuCoin: Coins Supported, Liquidity, And Volume
| Metrics | BingX | KuCoin |
| Supported cryptocurrencies | 1,039+ | 1,001+ |
| Spot trading pairs | 1,082+ | 1,239+ |
| Perps and futures pairs | 812+ | 584+ |
| Fiat currencies | 100+ | 41+ |
| Trading volumes | Frequently ranks among the top 15 cryptocurrency exchanges based on volumes. | Frequently ranks among the top 10 cryptocurrency exchanges based on volumes. |
| Liquidity | Strong | Strong |
BingX vs KuCoin: Security Comparison
BingX
- Shield Fund: To protect user assets, BingX has set up an insurance fund, currently valued at $136.67M. It covers all customers, including those who actively trade, stake, or simply hold crypto. It protects you against platform issues, such as cyber threats, technical bugs, and system flaws.
- Proof-of-reserves: Customer assets are fully backed 1:1 by reserve funds, predominantly BTC, ETH, USDT, and USDC reserves. KuCoin also publishes its Merkle Tree PoR reports every month to ensure 100% transparency. Additionally, BingX has partnered with reputable firms like Certik to conduct safety audits regularly.
- Additional security features: BingX has established various measures like MFA, withdrawal allowlisting, passkey protection, and fund codes. It also has a robust wallet infrastructure, comprising hot and cold wallets. The exchange stores 50% of user funds in cold storage to safeguard them from cyberthreats.
KuCoin
- Account safety: KuCoin has implemented various measures like anti-phishing code, two-factor authentication, CAPTCHA verification, and malicious plugin detectors.
- Wallet safety: The exchange has built multiple layers of protection for your wallet and funds. These include withdrawal anti-tampering, anti-fraud detectors, 100% proof-of-reserves, and FIPS-certified HSMs. KuCoin also maintains separate hot, warm, and cold wallets and stores a majority of customer funds in multisignature offline wallets.
- Data protection: KuCoin ensures maximum security at every step of the data lifecycle. It has established cutting-edge data encryption, backup, recovery, leak prevention, processing, isolation, monitoring, auditing, and storage.
- Platform and operational security: The exchange has implemented a multi-layered defense system to provide 24/7 protection. To minimize risks of cyber attacks, KuCoin has deployed web application firewalls, DDoS protection, centralized safety logs, and more.
- System and application security: KuCoin has formulated stringent guidelines for building, testing, and deploying various applications. The platform regularly conducts security scans for system configurations, hosts, and app codes to identify vulnerabilities.
BingX vs KuCoin: Affiliate and Referral Programs
| Particulars | BingX | KuCoin |
| Referral commission | Up to 50% | Up to 35% |
| Referral rewards eligibility | Referees should sign up using your distinct invite code/link and complete KYC verification as well as the required tasks within the specified timeframe. | Invitees should register using your unique referral code/link, verify KYC, and complete the required tasks. |
| Additional rewards | Rebate/bonus vouchers, virtual USDT, and mystery boxes. | USDT coupons/vouchers, futures trial funds, and access to exclusive campaigns. |
| Affiliate commission | Up to 50% | Up to 60% |
| Affiliate eligibility conditions | Content builders, community owners, KOLs, and influencers. | Content creators, community leaders, crypto websites, KOLs, marketers, influencers, and organizations. |
| Exclusive perks | Daily commissions, customizable promo campaigns, 24/7 dedicated assistance, and a partner hub for monitoring revenue in real time. | Access to special events, marketing resources, a visualized referral dashboard to manage multi-channel commissions, and second-tier commissions. |
Find out how to use BingX referral codes and KuCoin referral codes to maximize your gains and save costs.
BingX vs KuCoin: User Experience
Both crypto exchanges have received poor user feedback across the web, especially on review sites like Trustpilot and Reddit. BingX has scored 1.8/5, while KuCoin has received 1.6/5 on Trustpilot.
BingX users have predominantly accused the platform of restricting/suspending their accounts without prior notice. They have also reported that BingX doesn’t provide proper reasons for freezing customer funds or revoking affiliate statuses.
Similarly, many KuCoin customers have faced challenges when withdrawing funds. Some users have stated that their cryptocurrencies were stolen, while others have been locked out for no apparent reason. A handful of users have also criticized KuCoin’s algo bots, particularly the AI Spot Trend, for incurring continuous losses. Moreover, the exchange has been accused of suddenly delisting coins, wiping out investors’ funds completely.
BingX vs KuCoin: Customer Support
You can contact the customer support teams of both cryptocurrency exchanges through e-mail and live chat. For more details, you can also access the Help Center of each exchange on their official websites. From self-service guides and FAQs to platform updates and explainer articles, the Help Center features everything you need to navigate the exchange seamlessly.
However, based on multiple user reviews across the web, the customer service quality of both platforms is subpar. The lackluster responses from support teams and their inability to resolve customer issues promptly have been major concerns for users.
Conclusion
Though both exchanges are known for their user-friendliness and trustworthiness, do your own research before you start trading. Assess whether each platform has fulfilled regulatory requirements and adheres to local regulations in your jurisdiction. Evaluate its security features and fee structure. Additionally, check if the exchange offers your preferred cryptocurrencies, coin pairs, and other forms of assets like NFTs. If needed, contact your financial advisor for deeper insights and accordingly make a decision.
FAQs
If you’re seeking AI-enabled features, lower trading fees, higher referral commissions, or more futures pairs, BingX is better. It also offers innovative features such as standard futures, shards, and chainspot to elevate your trading experience.
BingX is the clear winner in terms of fees. For non-VIP users, BingX levies a 0.1% spot fee for both makers and takers. Contrarily, KuCoin’s spot fee ranges between 0.1% – 0.3% based on the asset class. Additionally, BingX charges a lower taker fee for futures trades. However, it is worth noting that KuCoin is more cost-effective for KCS holders, as they’re entitled to a 20% discount.
BingX and KuCoin are user-friendly exchanges with an intuitive interface, robust security, and comprehensive learning resources. However, BingX is less feature-rich than KuCoin, making it easier for newcomers to navigate the platform. It also supports a larger number of fiat currencies, offering greater convenience, accessibility, and transaction speed.
Both cryptocurrency exchanges support multiple deposit and withdrawal options. These include bank transfers, credit/debit cards, Google/Apple Pay, local payment methods, and third-party gateways like Banxa and Simplex. They don’t collect fees for crypto deposits. However, you must pay withdrawal fees on both platforms. The withdrawal fees differ based on the coin and blockchain network you choose.
