KuCoin vs Margex

KuCoin vs Margex

Robert McDougall 

July 18, 2022

Cryptocurrency

The cryptocurrency market is here to stay and there are more choices than ever when it comes to choosing a crypto exchange. In this article, we will compare KuCoin and Margex, two of the most popular crypto trading platforms, to help you decide which one is right for you.

Both KuCoin and Margex offer a variety of features that are attractive to investors and traders alike. Margex is a specialized trading platform with margin trading as its core feature. It offers up to 100x leverage on some trading pairs, which can be a great way to amplify your profits.

KuCoin, on the other hand, is a more traditional exchange with a focus on spot trading and is known for its wide selection of 700+ altcoins. It also offers futures trading and a P2P marketplace making it a one-stop shop for all your crypto needs.

So, which exchange is better? Let's find out:

Cell

Fiat Currencies

USD, EUR, GBP, RUB, CNY, AUD & 40+ more

USD, AUD, CAD, EUR, GBP

Number of Coins

700+

13

Trading Fees

0.1%

0.019% / 0.06%

Deposit Methods

Cell
Cell

Bank Transfer (SEPA)

Bank Transfer (ACH)

Fedwire

PayPal

Credit Card

Debit Card

Apple Pay

SWIFT

Skrill

SOFORT/iDEAL

Cryptocurrency

Features

Cell
Cell

User-friendly

Mobile app

Live Chat

Security

Cell
Cell

2FA

Biometric security

ISO 27001 certified

Offline cold storage

Website

Cell

Fiat Currencies

USD, EUR, GBP, RUB, CNY, AUD & 40+ more

USD, AUD, CAD, EUR, GBP

Number of Coins

700+

13

Trading Fees

0.1%

0.019% / 0.06%

Deposit Methods

Cell
Cell

Bank Transfer (SEPA)

Bank Transfer (ACH)

Fedwire

PayPal

Credit Card

Debit Card

Apple Pay

SWIFT

Skrill

SOFORT/iDEAL

Cryptocurrency

Features

Cell
Cell

User-friendly

Mobile app

Live Chat

Security

Cell
Cell

2FA

Biometric security

ISO 27001 certified

Offline cold storage

Website

Pros
  • Large crypto exchange with over 11 million users worldwide
  • Extremely low fees of 0.1% with a further 20% discount if you pay with KCS
  • Mobile app available for iOS and Android
  • Over 700+ cryptocurrencies available
  • Additional features such as crypto lending, FREE trading bots, margin trading, futures trading
Cons
  • High fees when buying crypto with fiat (3%-5%)
  • Cannot withdraw fiat currencies
  • Poor customer service - no live chat support
Pros
  • Lower trading fees compared to KuCoin
  • Quick and easy sign-up process with no KYC
  • Margin trading with up to 100x leverage
  • Comprehensive trading guide with tutorials
Cons
  • Only 13 coins are supported
  • Spot trading is not supported

KuCoin vs Margex Fees

On KuCoin and Margex, only crypto deposits and withdrawals are supported, and there is no support for fiat currencies. Crypto deposits are free on both exchanges, but crypto withdrawals vary depending on the coin.

Since fiat deposits are not supported, if you want purchase crypto using fiat, you'll have to do so directly using the supported third-party processors; the rates vary per method.

KuCoin supports a wide range of payment merchant methods including Visa/Mastercards, IDEAL, Apple Pay, and Bankcontact. Apple Pay and Visa/Mastercard offer two channels: Simplex and Banxa. Simplex charges ~3.5% flat rate fee while Banxa charges ~3.7% fee.

The trading fees on KuCoin are 0.1%, but if you pay for the fees using KCS coin, you receive a 20% discount, reducing your fee to 0.08%.

On Margex, only Visa/Mastercard are supported for buying crypto directly, and the fee will depend on the third-party payment processor. 

The trading fees on Margex are extremely low, at 0.019% for makers and 0.060% for takers.

Winner - Margex

With a trading fee that's lower than 0.1%, Margex is cheaper than KuCoin. If you're a high-volume trader, Margex's 0.019% maker fee and 0.060% taker fee are hard to beat.

KuCoin vs Margex Deposit Methods

As mentioned earlier, neither KuCoin nor Margex support fiat currency deposits. Both exchanges only accept cryptocurrency deposits, so if you don't already own any crypto, you'll need to purchase it directly using third-party payment merchants.

On KuCoin, you can use Visa/Mastercards, IDEAL, Apple Pay, and Bankcontact to make crypto purchases. Margex only supports Visa/Mastercard purchases. There are two channels; you can use ChangeNOW or Changelly.

Winner - KuCoin

KuCoin offers more options for payment options, so it wins this section easily.

KuCoin vs Margex Features 

KuCoin Features:

If you're looking for a reputable and reliable cryptocurrency exchange, you can't go wrong with KuCoin. Founded in 2017 in Hong Kong, KuCoin is now based in Singapore and supports 20+ languages. The exchange is available in 200+ countries and offers a wide range of cryptocurrencies and derivatives for trading. With a focus on providing a fair and secure trading environment, KuCoin has built a reputation as one of the leading exchanges in the industry. Here are some of KuCoin's key features:

Spot trading

Looking to trade cryptocurrency on KuCoin? Here's what you need to know about KuCoin's spot trading capabilities. With over 700+ trading pairs available, you'll have plenty of opportunities to find the right match for your needs. You can place limit orders, stop market orders, stop-limit orders, or market orders to make the most of your trades and prevent loss.

If you're looking for more margin potential, you can choose between 5X cross margin and 10X isolated margin to get the most out of your trades. Cross margin lets you use your entire account balance as collateral, while isolated margin only uses the funds you've allocated for an individual position and, therefore, is easier to manage your risk.

Futures and margin trading

KuCoin offers a variety of futures contracts to choose from, with over 60 perpetual contracts available. You can place limit and stop orders and take advantage of up to 100X leverage.

KuCoin also offers two future trading interfaces that offer different levels of trading sophistication to meet the needs of all types of traders. Futures Lite is a great choice for first-time traders or anyone who wants to make quick trades. The simple trading interface makes it easy to get started, and the prices are clearly displayed. For more experienced traders, Futures Pro offers more advanced features, such as candles, charts, and indicators. You can also expand the interface to full screen and take a snapshot of the market at any time. 

Crypto lending and borrowing

The KuCoin crypto lending and borrowing feature allows users to earn interest on their digital assets. Lenders can loan over 160 different cryptocurrencies, and each loan is flexible in terms of duration and interest rate. Borrowers also have the option to select their preferred interest rate and period.

This feature provides a convenient way for users to grow their crypto wallets without having to sell their assets. In addition, it helps to promote liquidity in the market and increases the chances of price discovery.

P2P marketplace

If you're looking for an easy and affordable way to buy or sell cryptocurrency, then KuCoin's P2P marketplace is the place for you. All you need to do is agree on a price with another user, and you're good to go! The best part about KuCoin's P2P marketplace is that there are no trading fees, and it's super simple and easy to use, so you don't have to worry about complicated trading procedures. 

Bonus on KCS (KuCoin native token)

KuCoin offers users a unique opportunity to earn money from their holdings. By holding more than 6 KCS coins, users are eligible to receive a daily bonus, with an estimated APR of over 22%. In addition, KCS coins can be used to reduce the fees paid on trades by 20%. This makes KuCoin an attractive option for those looking to maximize their profits from cryptocurrency trading.

KuCoin App

KuCoin also offers a mobile app for iOS and Android devices so you can trade on the go. The app has all the features of the desktop platform, including real-time charts and market data, order management, and account balances. You can even set up push notifications to stay up-to-date on the latest market movements.

Free Trading bots

If you're looking for a little help with your trading on KuCoin, you might want to consider using one of their automatic trading bots. KuCoin offers a variety of bots to help traders with their strategies and executions. The bots available are equipped with different sets of rules that can be customized according to the trader's preferences. The bots can also be configured to trade automatically according to the set rules. 

KuCoin also ranks the most successful bots on a daily and weekly basis, so you can copy their configurations to use on your own account. 

While bots can help you save time and make more informed trades, it's important to remember that they are not infallible. Before using a bot, be sure to test it on a practice account to ensure that it meets your needs and expectations.

Margex Features:

Margex is a popular cryptocurrency exchange that was founded in 2020. Armed with a mission to make crypto trading accessible to everyone, Margex has an easy-to-use platform that makes it an excellent choice for beginners. The Exchange is headquartered in Seychelles and provides a fast, efficient and advanced trading interface. Here are some key features that make Margex a top choice for crypto trading:

Margin trading

One of the unique aspects of Margex is the ability to trade with up to 100x leverage. This allows traders to magnify their gains (or losses) on each trade, making it possible to generate significant profits from even small price movements. In addition, Margex offers several trading pairs, including ETH/USD, SOL/USD, LTC/USD, BTC/USD, XRP/USD, ADA/USD, UNI/USD, and EOS/USD. This gives traders the chance to capitalize on various market conditions. 

Advanced trading experience

Margex is quickly becoming the go-to exchange for advanced traders, and the reason: high liquidity. Advanced traders want to be able to enter and exit trades quickly without having to worry about slippage. Slippage is when the order you placed is filled at a lower price than you expected due to the lack of liquidity in the market. This can eat into your profits or even turn a winning trade into a losing one.

Margex offers liquidity from 12+ exchanges, all integrated into one single order book. This means that you'll always have access to the most liquid markets, so you never miss a transaction. And because local prices can vary, you can be sure that you're getting top dollar for your trade no matter where you are. 

The superb trading experience doesn't end there! Traders know that speed is everything in this business. Margex has developed the quickest and most reliable order execution system.  Ultra-fast order execution combined with precise market movement data make for an effective trading experience. In addition, the ability to evaluate the charts, replace candles, use indicators, and change borders allow traders to customize the platform to their liking and make the most out of their trades.

User-friendly platform

Margex is a user-friendly crypto exchange with several features that make it a great choice for beginners. For starters, the platform offers mobile apps for both Android and iOS devices, so you can trade on the go. Additionally, Margex provides customer support via live chat during working hours and a ticketing system 24/7, so you can always get help when you need it. Best of all, signing up for a Margex account only requires an email address and password, so you can get started right away. And if you're new to trading, don't worry - the platform has a simple interface that's easy to navigate and a detailed trading guide that will walk you through the basics. 

Bonuses and promotions

One of the most popular features on Margex is the refer-a-friend program, which allows users to earn a commission of up to 40% on the trading fees of friends they refer to the platform.

When you open a trading account with Margex, you'll receive a $50 bonus. If your first deposit adds up to at least 0.004 bitcoin, you'll also get an additional $50. You can use your bonus to pay for trading fees.

Winner - KuCoin

While Margex offers a wide range of features, KuCoin's focus on advanced trading tools makes it the better choice for experienced traders. In addition to Margin trading, KuCoin also offers spot and futures trading which gives users more flexibility when it comes to trading. The crypto lending and borrowing, and trading bots features are also unique to KuCoin and not offered by Margex. These give traders more opportunities to make a profit and automate their trading strategies.

KuCoin vs Margex Security

Cryptocurrency exchanges are where the real action is when it comes to trading and investing in digital currencies. But with all of the frenzy and craziness that goes on there, they have become a popular target for cybercriminals in recent years. In order to combat these threats, many exchanges have implemented various security measures. So which between KuCoin and Margex is most secure?

In September 2020, KuCoin announced that it had suffered a major hack, resulting in the loss of over $280 million worth of digital assets. The attack was carried out by a group of sophisticated hackers who gained access to KuCoin's private keys and then used those keys to transfer the funds to their own wallets. While the hacks of cryptocurrency exchanges are not uncommon, the KuCoin hack was notable for both its size and its sophistication. In response to the attack, KuCoin began working with law enforcement agencies and compensation firms in an effort to recover the lost funds and prevent such attacks from happening in the future.

As a result of the hack, KuCoin has ramped up their security measures. Users can now rest assured that their funds are safe, with two-factor authentication (2FA) required for all withdrawals, and login IP restriction in place to help prevent unauthorized access. In addition, all users are required to complete KYC verification in order to access higher withdrawal limits and other features like fiat to crypto conversions. For added security, KuCoin accounts have an anti-phishing security function that allows users to set a security phrase. This phrase will be required whenever you log in or withdraw funds, and helps to ensure that only authorized personnel access your account. Lastly, they have an internal risk control department that checks daily transactions for any suspicious activity. If any irregularities are detected, the team will investigate immediately.

Margex, on the other hand, has never been hacked and offers a higher level of security by using what is known as "cold storage." This means that all user funds are stored offline in physical wallets, and only a small percentage is kept online in order to facilitate trading. They've also put in place a number of measures to protect user data and funds. These include two-factor authentication that adds an extra layer of protection by requiring users to confirm their identity with a code sent to their mobile phone. Email confirmation is also required for all withdrawals, so users can be sure that their withdrawals are going to the intended recipient. To further protect users' data, they use SSL encryption to encrypt all communication between our servers and our users' devices. And to prevent theft and fraud, they monitor assets in real time and have put in place measures such as our liquidity pooling system to prevent price manipulation.

Winner - Margex

We'll have to give it to Margex on this one. While KuCoin has robust measures in place, Margex wins with 100% of uesr assets in offline cold storage. This means that your assets are completely isolated from the internet and any potential threats. The fact that Margex has never been hacked is a testament to the efficacy of its security measures.

Number of Cryptocurrencies

KuCoin is one of the largest crypto trading platforms in the world, and has support for over 700 cryptocurrencies.

Margex, on the other hand, only offers 13 different coins to its users.

Winner - KuCoin

KuCoin definitely has the upper hand in this. With more supported cryptocurrencies, KuCoin provides a more comprehensive trading experience. However, Margex's focus on margin trading the most popular coins may appeal to certain traders.

Verdict - KuCoin

When it comes to choosing a cryptocurrency exchange, there are a lot of factors to consider. Features, liquidity, fees, convenience, security, and ease of use are all important factors to keep in mind.

When comparing KuCoin and Margex, both exchanges offer competitive fees and support credit and debit card purchases. However, Margex has an edge when it comes to security, as it utilizes 100% cold offline storage of uesr funds, and has never been hacked. Additionally, Margex is more beginner-friendly, with a simple platform and comprehensive guide and tutorials. Finally, Margex also has better customer support, with a live chat feature and the option to submit a ticket.

When we compare features, KuCoin offers a more comprehensive and immersive trading experience, with more features, marketplaces, coins, and trading pairs. This allows users to have greater flexibility in how they trade and ultimately make money. With over 700 coins, and the support for spot trading, KuCoin offers a lot more options than Margex. Not to mention, KuCoin also has a futures marketplace, margin trading, and a P2P marketplace - giving you even more opportunities to make money. While Margex may not offer as many options, it does provide up to 100x leverage, which can be appealing to some traders. 

When considering liquidity and price manipulation, Margex is the clear winner. Exchange liquidity is important because it affects how easily you can buy or sell a particular asset. A low liquidity exchange may have high prices for certain assets, while a high liquidity exchange will have lower prices. Price manipulation is also a concern on many exchanges, as some traders may attempt to manipulate the market by artificially inflating or deflating prices. 

KuCoin has a much wider range of assets listed on its platform than Margex. While this gives KuCoin users a significant advantage when it comes to trading options, there may be some coins that are not traded frequently, therefore having low liquidity. Margex, on the other hand, only features high liquidity pairs. Additionally, Margex has a liquidity pooling system in place to prevent price manipulation. The system works by adding all trades together and then distributing the assets evenly amongst all users. This ensures that no one trader can artificially inflate or deflate prices.

Ultimately, the choice of which platform to use comes down to personal preferences. We would say that KuCoin is the better choice for the majority of crypto traders, since it offers a wider range of assets and trading options, but if you are focused on margin trading popular coins, Margex is the platform for you, with much lower trading fees. If you want to sign up with Margex, you can claim the generous welcome offer of $100 FREE plus 15% bonus on your first deposit, when you sign up here.

Overall Winner - KuCoin

KuCoin offers 700+ coins, and many more markets, such as spot trading and P2P, making it the more suitable platform for most crypto traders. 

Still Researching?

If you want to read more about these two crypto exchanges, read our detailed reviews of KuCoin (here) and Margex (here). If you are from the US, you can also read this article on the top crypto exchanges in the US. There is also a quick comparison table below that summarizes some key info.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
MEXC Global
Pionex
Coinmama
Uphold
Crypto Exchange
Crypto Exchange
eToro
MEXC Global
Pionex
Coinmama
Uphold
Fiat Currencies
Fiat Currencies
USD
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, GBP, EUR, CHF, AUD, JPY & 21 more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.2% for spot, 0.02%/0.06% for futures
0.05%
2.93% - 3.90% (depending on loyalty level)
Fees included in the spread

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

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