Mobile and Desktop Trading
KuCoin offers a highly intuitive and user-friendly app, as reflected by its strong ratings on both the App Store (4.6 from 19,000 ratings) and Google Play (4.3 from 131,000 reviews). The app offers comprehensive trading features, making it convenient for users to manage their portfolios on the go. Similarly, KuCoin's desktop platform offers a sophisticated trading experience, rich with information and functionality.
Kraken also provides a robust mobile experience with high ratings on the App Store (4.7 from 3,300 ratings) and Google Play (4.3 from 21,500 ratings). Like KuCoin, Kraken has a Pro version of its app for more experienced traders. Kraken's desktop platform is equally comprehensive, offering advanced order types, charting, and order book data.
Kucoin is slightly different than your average crypto exchange. You won’t be able to deposit Canadian dollars directly. You’ll have to go through a third-party such as Banxa to deposit fiat. Kucoin does, however, accept credit and debit card payments, but you’ll need to check if your Canadian bank allows crypto transactions.
There are no fiat to crypto pairs, so you cannot buy bitcoin or other crypto directly with your dollars. You’ll need to first purchase Tether USDT on Kucoin and then trade that for the crypto you want.
The Kucoin exchange can be quite confusing for beginners.
There are advanced charting and order types available, plus you can trade on margin and trade futures contracts if you wish.
To buy USDT quickly, go up to the top menu and select the “Fast Buy” option. Here, you can purchase USDT using your credit or debit card or via the P2P exchange, or via a third party transfer. Once you have your USDT, then you can trade it on the Kucoin exchange under “spot trading”. Select the trading pair e.g. USDT/BTC and then choose your order type e.g. market order.
The Kucoin app has a 3.7-star rating from over 2,000 reviews on the Apple App Store and a 2.7-star rating from over 12,000 reviews on Google Play. Many people complain that the app crashes or that there are certain features lacking such as the ability to filter order history by trading pair.
Kucoin’s app is a bit more simple than its desktop exchange but it’s still confusing for beginners. There are lots of features, tabs, and menus. Buying USDT is easy since you do not need to verify your account. Simply sign up with an email and you can buy crypto in seconds using your credit or debit card under the Fast trade option. From there though, you will need to navigate to the spot trading page and select the trading pair you want.
Kucoin desktop interface
Kucoin desktop app (Fast Trade)
Kucoin app interface
Kucoin app interface while trading
Kraken's app is well-designed and offers tools for both beginners as well as advanced tools for more experienced traders.
Kraken has an “Instant Buy” option, where users can purchase crypto in seconds with their card or from funds in their fiat wallet. Instant Buy, while convenient, incurs high fees. There is a standard purchase fee plus an additional fee depending on the method of payment. Still, the Instant Buy option is suitable for beginners and is easy to navigate.
Kraken Pro has more reasonable fees based on the maker/taker method. However, the interface could be confusing for beginners. It shows advanced charting and offers more trading tools and order types.
Kraken’s mobile app has a 4.5-star rating from 3000+ reviews on the Apple App Store and a 2.2-star rating from over 13,000 reviews on Google Play. A lot of users say the app has trouble loading, certain funding or purchase options are unavailable and it is generally not user-friendly.
Kraken desktop interface
Kraken Pro Trading view
Kraken app interface
Kraken app interface while trading