Pionex vs KuCoin: Which Is Better in 2024

Cannot decide which among Pionex and KuCoin will be the best for you?

Don’t worry; I gotcha.

I have come up with the most sensible and in-depth comparison of the two exchanges that will help you choose the best derivatives crypto exchange that would fit your trading needs.

I will tell you about all the features, fees and aspects that you’ll need to know before getting your hands on any of them.

So let’s begin by understanding how these exchanges grew to the level they are today and what makes them so popular.

Pionex vs KuCoin: At A Glance Comparison

Pionex

Starting with Pionex, the world’s first exchange to offer automated trading bots, which was founded in 2019. The exchange is known to process more than 100 million trades in a single day.

It is a Singapore-based exchange and has been one of Asia’s fastest-growing platforms, with a monthly trading volume of more than $5 Billion.

KuCoin

On the other hand, KuCoin was founded in 2017 and offers a variety of features and trading markets readily on the exchange.

It is also famous for its trading bot capabilities and offers crypto lending, KuCoin pool, cloud mining etc., where you can put your crypto to work.

It is a Seychelles-based exchange ranked in the top 3 global exchanges that have termed itself “The People’s Exchange” and offers its services in more than 200 countries around the world.

Now let’s discuss what are the trading markets and products available on these exchanges to trade with.

Pionex vs KuCoin: Trading Markets, Products & Leverage Offered

Pionex

This crypto exchange offers a wide range of crypto trading products, which include:

• Spot Trading: Long list of crypto assets which you can trade through an arbitrage bot built in.
• Automated Bots: There are 16 trading bots which include DCA, Rebalancing, Grid and more.
• Futures Trading: The perpetual contracts include BTCUSDT, ETHUSDT, DOGEUSDT, SOLUSDT, XRPUSDT, MASKUSDT, CFXUSDT, BNBUSDT, ARBUSDT, LTCUSDT, ADAUSDT, MATICUSDT, FXSUSDT, LDOUSDT, APTUSDT, OPUSDT, FTMUSDT, FILUSDT, DYDXUSDT
• Leverage Trading: Pionex offers up to 3x leverage available on all the assets on the exchange.

KuCoin

Coming to KuCoin, this exchange is nowhere behind when it comes to product offerings. These are:

• Spot Trading: An even longer list of crypto trading pairs to choose from, with a set of comprehensive tools settled in BTC, KCS and ALTS.
• Futures Trading: USDT Margined Contracts, USDC Margined Contracts, Coin Settled Inverse Contracts, and Futures Grid Bots, all of which are readily available to trade with.
• Leveraged Trading: Starting from a default leverage of just 20x to a maximum leverage of 100x.
• Automated Trading Bots: Grid, rebalancing, DCA, Infinity Grid, you name it, Kucoin has it all.
• P2P Trading: High liquidity through multiple payment methods with a fund protection policy and safe transactions.

Verdict: Both of the exchanges are similar in crypto trading products offering, but when comparing them on the leverage they offer, KuCoin takes the lead, making it the winner in this segment.

Pionex vs KuCoin: Supported Cryptocurrencies

Pionex

Coming to the crypto assets Pionex offer, then this exchange has a huge range of them. The asset list includes BTC, ETH, LTC, and DOGE, counting to more than 370 of them.

All these assets can easily be traded with all the order types and products available on the exchange.

KuCoin

Coming to KuCoin has a range that would surprise you. It consists of all the popular ones like BTC, ETH, APE, FTM, and KCS, counting more than a whopping 700 of them, integrating with all the products and features offered by the exchange.

Verdict: KuCoin is the clear winner in this segment, offering more than double the assets provided by Pionex.

Pionex vs KuCoin: Trading Fee & Deposit/Withdrawal Fee Compared

Let’s now discuss the most important topic, which is trading fees.

Pionex

Starting with Pionex, this exchange has two types of fees charged while trading:

• Trading Fees

The exchange charges a net fee of 0.05% on each trade you make, with no additional cost to use the trading bot.

• Deposit and Withdrawal Fees

Depositing crypto is free, but when you use a credit card in Europe to deposit, you’ll be charged 3.5%, and when outside Europe, it will charge you 4.5%.

Moreover, when you withdraw crypto from Pionex, you will be charged a flat fee depending on the coin.

I have enlisted fees for some of the most profound cryptos in the table below, with their minimum deposit and withdrawal limits; for more information, click here.

KuCoin

• Trading Fees

Now coming to KuCoin, the trading fees depends on your account’s level with respect to the volume of your spot/futures trading or KCS holding and further follow the maker/taker fee model.

To understand them better, refer to the following table:

• Deposit and Withdrawal Fees

KuCoin doesn’t charge you a penny to deposit crypto for most of the methods.

However, some methods attract fees depending on the method you choose to deposit with. If you use a credit/debit card, a transaction fee will be charged.

Moreover, withdrawal fees are charged depending on the withdrawal method to know them in-depth, click here.

Verdict: The trading fee on Pionex is undoubtedly on the more affordable side, making it the winner in this segment.

Pionex vs KuCoin: Order Types

Now, let’s discuss what these exchanges have to offer when it comes to taking advantage of different market trends.

Pionex

• Limit Order
• Market Order
• GRID Order

KuCoin

• Limit Order
• Market Order
• Limit Stop Order
• Market Stop Order

Verdict: Both KuCoin and Pionex offer some unique order types, so I leave the decision to you, which one do you prefer more, the GRID or Stop Order.

Pionex vs KuCoin: KYC Requirements & KYC Limits

Pionex

Talking about the KYC requirements and limits, Pionex doesn’t allow you to anonymously trade; instead; there are two levels of verification which decide your withdrawal limit.

You can go through the table below to understand the limits better:

To get your account upgraded and verified to the higher levels following are the documents to upload:

• Level 1: Country of residence, SMS verification
• Level 2: Government-issued ID, Facial recognition

KuCoin

On the other hand, KuCoin also follows a levelled classification structure that decides your withdrawal limits. Please go through the following table to understand them better:

• KYC 1: Personal information, including your country of residence, full name, and a Government issued ID.
• KYC 2: Open the KuCoin app and tap the ‘Scan’ icon on the upper right corner of the homepage to scan the QR code.

Pionex vs KuCoin: Deposits & Withdrawal Options

Pionex

When it comes to deposit and withdrawal methods, Pionex offers two most essential ways to fund your account, which are:

• Debit/Credit Cards
• Direct crypto transfers

KuCoin

Coming to KuCoin, this exchange offers 3 methods to fund and withdraw crypto, which is:

• Credit/Debit Cards
• Direct crypto transfers
• Locally available payment methods for P2P trading

Pionex vs KuCoin: Trading & Platform Experience Comparison

Now let’s talk about what is the UI & UX experience you could expect from these exchanges.

Pionex

The major capability of Pionex is its automated trading bot capability. Moreover, you can even integrate Pionex with other exchanges taking advantage of their unique features readily.

Additionally, the exchange is powerful enough to constitute high-volume trading, handling millions of transactions per second.

The trading window comes with all the essential charting tools and features to provide you with a user-friendly trading ecosystem.

KuCoin

Coming to KuCoin, platform offers a simple yet subtle trading window for spot trading. However, for KuCoin futures trading, the exchange offers you two separate platforms:

• Futures Classic: Offers full-fledged trading experience with all necessary trading tools.
• Futures Lite: It offers a pretty basic and simple trading system.

On the whole, KuCoin comes with the following features:

• Advanced technical chart powered by TradingView
• Trading Pair details
• Order book
• Multiple trading pairs
• Easy-to-use order form
• Open orders, stop orders, order history, realized PNL, etc

To know how to use KuCoin properly, you can have a look at this KuCoin tutorial.

Pionex vs KuCoin: Customer Support

Pionex

When it comes to customer support, Pionex has been appreciated immensely by users worldwide.

The team is available 24×7 and quite helpful, you can reach them through various platforms, including Telegram, Discord, Twitter and many more.

Additionally, it also comes with an extensive FAQ section as well as a dedicated web portal to handle all your queries.

KuCoin

Coming to KuCoin’s customer support, it’s nowhere behind as well. You can use their chat window to reach out to the live support agent or just chat with a chatbot to access different help guides and solve the issues.

Additionally, you can also raise a support ticket and also reach out to them via their social media channels.

Pionex vs KuCoin: Security Features

Now let’s discuss how secure are your crypto holdings with these exchanges.

Pionex

Starting with Pionex, this crypto exchange offers top-notch security features and holds money services business license from FinCEN.

It ensures the complete privacy of your data with military-grade security features, ensuring zero security breaches.

The exchange also comes with two-factor authentication and encrypted API keys for crypto cash withdrawals.

KuCoin

Coming to KuCoin security is not at all a joke here as well; it comes with some of the industry’s best security features like:

• Google verification
• Trading password
• Restrict login IP
• Email anti-phishing code
• Withdrawal anti-phishing code
• Freeze account

Is Pionex a Safe & Legal To Use?

The straightforward answer to this is that, yes, Pionex is a safe and legitimate platform. The exchange comes with top-notch security features and also holds a FinCEN license.

Secondly, the user base Pionex holds with no records of security breaches is yet another proof that this exchange is going nowhere.

Is KuCoin a Safe & Legal To Use?

Coming to KuCoin, this exchange is a widely known crypto exchange as well serving millions of users across the globe.

It keeps the majority of your funds in cold wallet storage. It offers top-notch security features like multi-sig wallets, 2FA and many more, making it a completely safe and legitimate exchange.

KuCoin vs Pionex Conclusion: Why not use both?

When looking at a glance, both KuCoin and Pionex are undoubtedly among the best crypto leverage trading platforms offering numerous trading features and crypto assets to trade with.

But when it comes to choosing one among them, the decision solely depends on your trading needs.

If you are a beginner trader or you are looking for an exchange which is best for automated bot trading, then Pionex is the way to go, as it offers numerous bots, and that too for free.

On the other hand, if you are looking for an exchange that comes with various trading products and advanced trading capabilities, then KuCoin will be the best choice for you.

So get your hands on these exchanges and see for yourself the profitability these exchanges offer.

Check out how Pionex & KuCoin compares to other crypto exchanges:

• Pionex vs Bybit
• KuCoin vs Bybit
• KuCoin vs Phemex
• KuCoin vs Binance
• KuCoin vs Kraken
• KuCoin vs Coinbase

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Nayan Roy

Nayan is a crypto and gadget enthusiast who likes to cover topics related to Tech, Startups, Crypto, Gaming, Windows, and other interesting areas. But when he is not working, you can find him playing games or watch random videos on YouTube.

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