Key takeaways
- Both KuCoin and Binance have very low trade fees.
- KuCoin's Australian platform is operated by Finlux Tech Pty Ltd, a digital currency exchange registered with AUSTRAC.
- You can deposit and withdraw AUD on KuCoin's Australian platform once you've verified your identity.
Binance and KuCoin were launched in 2017 with their own exchange token and allow anyone, from beginners to professional traders, to buy, sell and trade hundreds of cryptocurrencies in real time.
Both have grown in popularity thanks to their low fees and suite of trading features, like lending schemes to staking. Continue reading to find which exchange suits you best.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
At a glance: KuCoin vs Binance
Compare KuCoin and Binance on features like staking, coins, fees and security.
Kucoin | Binance | |
|---|---|---|
| Location | Seychelles | Distributed |
| Supports fiat currencies? |
|
|
| Range of cryptocurrencies? | 1086 cryptocurrencies | 447 cryptocurrencies |
| Features |
|
|
| Trading fees | Low volume: 0.1% High volume: 0.025% | Standard trading fee: 0.15%-0.1% |
| Customer support | Online help centre, email, social media, chat, Telegram | Online help centre, email and social media, chat |
| User interface | Intermediate
| Intermediate
|
| Set-up for new users and advanced verification steps | New users must provide:
Advanced verification for larger BTC daily withdrawal:
| New users must provide:
Advanced verification for larger withdrawals and FIAT deposits:
|
| Supported countries | Global | Global (excluding the US) |
| Learn more |
Features
KuCoin
- P2P trading: Buy/sell crypto with others
- P2P loans: Loan crypto to earn yield
- DeFi products
- Staking: Earn yield with Soft, Flexible and Fixed staking via Pool-X
- Trading bot: Free bot to earn profits trading
Binance
- Derivatives: Futures, options and leverage
- P2P trading: Buy/sell crypto with others
- DeFi and CeFi: Earn yield, borrow and loan crypto and participate in DeFi
- Staking: Earn yield on your funds
- LaunchPad: Participate in initial coin offerings
- Stock tokens: Trade equity shares with crypto coins
Supported cryptocurrencies and fiat
KuCoin
- Supported fiat currencies: USD, EUR, GBP, RUB, CNY, KRW, JPY, TRY, VND
- Supported cryptocurrencies: Approximately 1086 cryptocurrencies
Binance
- Supported fiat currencies: AUD, EUR, GBP, USD, JPY, CAD, NZD, CHF, KWD, AED
- Supported cryptocurrencies: Approximately 447 cryptocurrencies
Trading Fees
KuCoin
Spot trading fees are based on a tiered fee schedule for Maker/Taker trades from 0-12, dependent upon monthly trading volume.
- Level 0 customers: 0.1%
- Through to high volume Level 12 customers: 0.025%
- With tiered discounts available with KCS coin: From 0.08%-0.02%
Binance
Fees vary and depend on the order type, but your typical spot order uses a Maker/Taker system with fees starting at 0.1% and drops if your trade volume hits certain levels.
- Standard trading fee: 0.10%-0.15%
- Discounts available with BNB coin: 0.075%
- Fees for products like futures, options and lending vary
Payment methods
KuCoin
- Cryptocurrency
- PayPal
- P2P
Binance
- Bank transfer
- Credit card
- Cryptocurrency
- Debit card
- PayID
Volume
The trading volume of an exchange is how many coins have been sold/bought over a set period. According to the data platform Coingecko, Binance is the largest of all exchanges by 24-hour trade volume.
As at November 2026, CoinGecko's data shows Binance handling far more 24-hour trading volume than KuCoin.
Security
Both Binance and KuCoin have a range of solid security measures to help you remain safe on their platforms. While both offer two-factor authentication (2FA), Binance allows you to restrict account use by device and KuCoin protects its customers by restricting logins from different IP addresses.
Binance also allows you to whitelist safe cryptocurrency withdrawal addresses to prevent accidental (inputting the wrong address) or unauthorised use of your account.
While each exchange is committed to storing the majority of its cryptocurrency in cold, offline storage rather than hot wallets, both Binance and KuCoin have insurance plans to guarantee funds in the event that something like a hack did take place.
For added security, KuCoin allows users to trade in a non-custodial manner without ever revealing their private keys by downloading and trading through the local Arwen client.
Regulation
Binance Australia is regulated by AUSTRAC. Binance suspended AUD deposits and withdrawals in 2023 after losing its Australian payment provider, but it said in January 2026 that it had restored AUD deposits and withdrawals via PayID and bank transfer.
KuCoin says its Australian platform is operated by Finlux Tech Pty Ltd, a digital currency exchange registered with AUSTRAC, and it accepts AUD deposits by PayID or bank transfer and AUD withdrawals by bank transfer. The wider KuCoin exchange is operated by a separate company, Peken Global Limited, so check which entity you're dealing with and what protections apply before you sign up.
Verdict: Should you use KuCoin or Binance?
KuCoin
KuCoin shares many of the same features as Binance, including low trading fees, a proprietary token, KCS, and a large selection of altcoins.
It has a set of unique features, including the KuCoin Trading Bot, which allows any investor no matter their trading experience to trade successfully; this is alongside its own staking platform, Pool-X, which enables you to earn yield by depositing crypto with soft, flexible and fixed staking options.
KuCoin may appeal to active traders searching for emerging altcoins or long-term crypto investors wishing to take advantage of KuCoin's unique staking options.
KuCoin's Australian platform accepts AUD deposits by PayID or bank transfer and AUD withdrawals by bank transfer, once you've completed identity verification.
The Australian platform is registered with AUSTRAC through Finlux Tech Pty Ltd, but the wider KuCoin exchange is run by Peken Global Limited, so check which entity you're dealing with before you sign up.
Binance
By quite a considerable margin when it comes to trade volume, Binance is the world's largest cryptocurrency exchange. It's clear to see how it carved out this position, with its wide range of services, comprehensive list of altcoins and some of the lowest fees on the market.
Like KuCoin, Binance has its own coin, BNB, and multiple ways for you to earn additional income, from staking to liquidity swapping.
Due to the sheer depth of its services, from traditional trading to mining pool setup, and the list of altcoins available, Binance deserves its top spot in the market and would be a perfect choice for any user wishing to put their crypto to work across a range of investment opportunities.
Like KuCoin's Australian platform, Binance Australia is regulated by AUSTRAC. Binance also has low trading fees, and it said in January 2026 that it had restored AUD deposits and withdrawals via PayID and bank transfer for Australian users.
What to consider before using KuCoin or Binance
KuCoin
What are the pros of using KuCoin?
- Trading is made easier with the KuCoin trade bot
- Strong customer support with a 24/7 ticket system
- Low, tiered pricing structure with discounts available for KuCoin holders
- Quick sign-up process
- Arwen protocol option for added key security
- Feature-rich
What are the cons of using KuCoin?
- The wider exchange is run by a separate company (Peken Global Limited), not the AUSTRAC-registered Australian operator
Binance
What are the pros of using Binance?
- Trusted due to its size and market share
- Buy and sell a wide range of digital currencies
- Advanced trading capabilities
- Competitive fees, with discounts available to Binance Coin holders
- Quick sign-up process
- Feature-rich
- Registered with AUSTRAC
What are the cons of using Binance?
- Slower customer support with fewer contact methods
- Multiple services/coins unavailable in many areas of the US
- Anyone new to cryptocurrency exchange use may find the interface and depth of tools intimidating
Frequently Asked Questions
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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