KuCoin is a popular cryptocurrency exchange and a simple and secure platform. Digital assets such as Bitcoin, Ethereum, Litecoin, Ripple (XRP), etc. can be traded on the platform with ease.
Furthermore, KuCoin is known for its spotlight IEO and token launch platforms. KuCoin exchange offers crypto-lending as yet another unique feature. Additionally, KuCoin users can access various features of the platform, such as purchasing cryptos with a credit or debit card, receiving staking rewards, and exchanging crypto with zero fees.
Crypto lending provides users with opportunities to earn interest on crypto tokens by lending them to borrowers. Many new cryptocurrencies and tokens are being launched each month. As a result of these crypto assets, the crypto market is volatile, making it ideal for speculation.
Trading in cryptocurrencies was initially not supported by the fiat currency exchanges. This allowed crypto exchanges to be created to fill the need, allowing investors to purchase and sell crypto tokens. You can trade on KuCoin exchange whether you’re an experienced trader or a beginner.
KuCoin Exchange Summary
| Official Website | https://www.kucoin.com/ |
| Headquarters | Seychelles |
| Found in | 2017 |
| Native Token | Yes |
| Listed Cryptocurrencies | 370+ |
| Trading Pairs | 750+ |
| Supported Fiat Currencies | 50 |
| Supported Countries | UK, US, Canada, Australia, Singapore, India, Japan & more |
| Minimum Deposit | No |
| Deposit Fees | No |
| Transaction Fees | For Spot Maker Fee – 0.1% to -0.005% Taker Fee – 0.1% to 0.025% For Futures Maker Fee – 0.02% to -0.015% Taker Fee – 0.06% to 0.03% |
| Withdrawal Fees | Depends on the currency involved |
| Application | Yes |
| Customer Support | 24/7 |
After the inception of the first cryptocurrency exchange, many others followed—however, only a few global reaches. KuCoin Exchange is one such platform that offers more than crypto services (buy or sell cryptos); it also enables investors to lend cryptocurrencies for interests. As an end-to-end trading solutions provider, KuCoin is designed to make trading easy with many products like automated bots.
What Is The KuCoin Exchange?
KuCoin is a crypto exchange headquartered in Seychelles. KuCoin cryptocurrency exchange’s service is not limited to buying and selling or exchanging crypto tokens for altcoins or fiat currencies. In addition, KuCoin’s cryptocurrency lending service for specific interest rates differs from the other crypto exchanges in the world.
The website is quite simple and easy to navigate. It is subdivided into various sections for easy signup, after which one can start trading. The collection of supported cryptocurrencies and fiat currencies is quite impressive. In addition, KuCoin offers 10x leverage for margin trades, making it a preferred exchange for passive earnings.
KuCoin Review – KuCoin Platform Interface
As a crypto exchange with a worldwide reach, KuCoin is a convenient option accessible from most countries. Nevertheless, US citizens above the FBAR threshold must include it in FBAR filings as KuCoin is a non-US-based exchange.
KuCoin Review: Pros and Cons
| Pros | Cons |
| Over 200 cryptocurrencies are supported. | Comparatively low trading volume. |
| Multiple payment methods. | Does not support trading of fiat pairs. |
| Supports exchange of fiat-to-crypto and vice versa. | Different trading pairs supported different markets. |
| Easy to download mobile apps for android and iOS devices. | |
| Availability of micro withdrawal wallets. | |
| Comparatively low trading fee. |
KuCoin SignUp Process
The KuCoin trading platform offers many services other than crypto trading like lending bitcoin, lending cryptocurrencies spotlight IEO, etc. If this is your first time in the crypto domain then the easiest way to trade by using this platform is first to create an account & then start trading.
The different facets of the platform have their steps or protocols. For instance, the following are the steps involved in creating a trading account on the KuCoin platform, which is very simple and takes a few minutes to create an account with KuCoin.
KuCoin Review – SignUp Process of KuCoin
Step 1: Sign Up
Visitors can either sign up using a valid email address or phone number.
Step 2: Enter the Verification Code
Depending on the type of method chosen, a verification code is sent to the provided email ID or phone number.
Step 3: Set a Password
Once the provided code is entered in the allotted slot, the next step involves setting a password to complete the registration process. After registration, the user can start trading cryptocurrencies.
KuCoin Demo Trading Account
Cryptocurrency trading may be overwhelming even to the most advanced traders out there. But, what paves the way to profits is understanding the workings of the financial markets. While this requires individuals to have sound market knowledge in terms of the price movements, it also requires trading strategies and practice to succeed.
KuCoin Review – Explore the KuCoin Demo Account
Demo trading accounts are thus an easy solution to create trading strategies that work. It also helps new traders to get familiar with the markets. KuCoin offers a demo account for individuals who are new to trading.
KuCoin Advantages
KuCoin Review – Advantages of KuCoin
KuCoin is described as the platform that enables users to make profits with a plethora of services and products. The site features safety measures and security elements that minimize the risks associated with trading digital assets. Right from the automated trading robots to advanced API solutions for better trading strategies, the platform features end-to-end trading solutions.
KuCoin Products & Services
As stated earlier in this KuCoin review, the platform offers a wide variety of products and services, from trading crypto-assets and derivatives to lending crypto tokens.
The products include:
- Spot Trading
- Margin Trading
- Futures Contracts or derivatives ETF
- Pool-X
- Soft Staking
- Crypto Loans
The services include:
- KuCoin P2P
- KuCoin Trading Bot
- Special privileges for API users
- Buy cryptocurrency with fiat currency services
Spot Trading
Spot trading or instant trading allows users to buy/sell cryptocurrencies instantaneously for a spot exchange rate.
Enjoy Spot Trading at KuCoin
KuCoin spot trading has a fixed trading fee of 0.1% for makers or takers which is the good reason to use KuCoin. Compared to exchanges like EOS, Binance, it is pretty low. The 30-day trade volume alongside KuCoin Shares holdings is the likely reason for the low fees (0.1% only).
How to Spot Trade Using KuCoin?
The steps involved are as follows;
- First, choose the ‘trading’ option under the ‘trade’ tab.
KuCoin Review – Tap to Spot Trading on KuCoin & Explore
- Upon clicking that option, the trading market opens. USDT, BTS, ALTS, KuCoin shares KCS, etc., are significant opportunities in this section. One can also find different trading pairs in the other markets and the prices also may vary based on the market selected. For instance, when the trader wants to buy KCS using BTC, they must choose the BTC market and search for KuCoin shares KCS utilizing the search tab.
- KuCoin exchange offers four order types: Limit Order, Market Order, Stop Limit Order, and Stop Market Order or Market Stop-Loss Order.
KuCoin Review – Choose the Order Type While Spot Trading at KuCoin
Based on the user requirement, one can choose either of the above for trading.
Margin Trading
This service was introduced in November 2019. It enables traders to use the crypto coin of other users to acquire a higher capital amount for leverage positions. Cryptocurrency tokens typically used for this type of trading on KuCoin include KCS (KuCoin Shares), BTC, ETH, etc.
Use the Benefits of Margin Trading at KuCoin
This KuCoin’s feature is ideal for both long and short trading positions where it offers up to 10x leverage.
KuCoin Leveraged Tokens
KuCoin Leveraged Tokens
The risk factor associated with leveraged tokens is deficient as they never liquidate. Thus, irrespective of the price fluctuations or market uncertainty, the price of leveraged tokens never becomes zero. ETF offerings from KuCoin are simple to use and user-friendly, making them apt for new traders or beginners. All the traders must choose ETF types in bullish or bearish markets and trade them on the KuCoin platform.
KuCoin Futures Trading
KuCoin futures or contract trading service was previously known as KuMEX. This service allows users to buy/sell the assets’ future standard contracts. Simply put, the buyer places the order to purchase an asset for a specific price and time (future) while the seller must deliver the asset at the agreed-upon time and price.
KuCoin supports margin trading with up to 100x leverage. The significant advantage of this high leverage is that it enables the trader to trade contracts worth more than the trading funds in their account. Some of the popularly traded contracts include BTC and USDT.
It is usually of two types; Futures Lite and Futures Pro. As the name indicates, the former is for beginners, and the Pro version is for advanced traders or professionals.
KuCoin Review – KuCoin Futures Trading
KuCoin’s Futures Lite enables USDT-margined bitcoin and ethereum contracts’ trade.
Futures Pro offers the following option;
Perpetual BTC and ETH for USDT margined contracts
Perpetual BTC, BTC Quarterly 0925 and 1225 respectively for BTC margin contracts.
Pool-X
Pool-X is a proof-of-stake mining pool that allows users to earn money via Proof-of-stake cryptocurrencies like TOMO, ATOM, KCS (KuCoin Shares), XTZ, IOST, TRX, ZRX, among others. In addition, proof-of-Liquidity powers Pool-X as it is designed to offer liquidity for staked crypto coins in particular. Proof-of-Liquidity is issued on TRON as a decentralized zero-reservation credit.
Soft Staking
Soft Staking is a part of KuCoin’s Pool-X. It refers to the rewards earned for holding crypto coins. Users can get up to 15% annual yield for holding tokens and apply to low minimum deposits.
Crypto Lending or Crypto Loans
As mentioned at the beginning of this KuCoin review, crypto lending are one of the unique features of the exchange platform. It allows crypto investors to loan their cryptocurrency tokens for a specific rate of interest.
Enjoy the Services of Crypto Lending at KuCoin
KuCoin Lend allows investors to loan digital tokens to other users for margin trading. The loan tenure ranges from 7 to 28 days where the lender can earn up to 12% annualized interest. Cryptocurrencies available for this service include USDT, ADA, TRX, ETC, ZEC, LTC, among others.
KuCoin P2P
KuCoin Peer-to-peer enables investors to move or exchange cryptocurrencies from their accounts to other users’ accounts without going through a broker or financial institution. Here, buyers and sellers rely on the digital transfer of the crypto and fiat currencies involved. Hence, it is also referred to as the instant exchange.
KuCoin Review – Explore the Services of KuCoin P2P
Users can buy and sell crypto coins like BTC, ETH, LTC, etc. via KuCoin’s P2P marketplace. KuCoin is one of the few exchanges that support multiple payment options. It allows instant exchange where users can buy crypto using fiat currencies like USD, EUR, GBP, CAD, IDR, AUD, etc. Users can also choose different payment methods like PayPal, Banxa, Simplex, Transferwise, Bank transfer, etc.
KuCoin Trading Bot
Trading bots are an ideal means of earning passive income by minimizing losses. KuCoin mobile app offers two types of trading bots; DCA and classic Grid.
KuCoin Review – KuCoin Trading Bot Service
Automated trading robots are extremely useful for earning a passive income regardless of the crypto asset traded via the exchange. KuCoin’s trading bots allow traders to employ three different types of trading strategies like a classic grid, futures grid, and DCA.
Classic grid is a simple trading strategy for profiting from market fluctuations via selling orders and buying positions. It involves buying orders when the price is down and selling them for a higher price. Traders can optimize the trading robot even when they do not have adequate market knowledge. KuCoin’s trading bots rely on AI and the classic grid version is ideal for beginners.
DCA bot or Dollar Cost Averaging is ideal for professional traders who buy cryptocurrencies daily as it employs repetitive strategy. All KuCoin bots perform technical analysis to minimize trading risks.
Buy Crypto With Fiat Currency Services
As indicated in this KuCoin review, the trading platform supports multiple payment methods for buying cryptocurrencies using fiat currencies like USD, EUR, AUD, CAD, GBP, etc. KuCoin has the lowest trading fees, even before the discounts and bonuses.
If you want to buy or sell any cryptocurrencies you can by using this platform. KuCoin supports debit and credit card purchases via Visa, MasterCard, ApplePay, and SEPA. KuCoin Peer-to-peer exchange offers bank transfers along with 20 different payment options.
There is also a fast buy option to receive cryptocurrencies instantaneously. Investors from around the world can purchase/buy cryptos with fiat currency. You can trade many different cryptocurrencies by using this platform with very low fees.
Buy Crypto With Fiat Currency at KuCoin
KuCoin Fees Overview
KuCoin exchange does not charge deposit fees for cryptocurrencies. However, standard bank charges apply in the case of fiat currency deposits. And, this is determined by the concerned bank or payment gateway. Withdrawal fees vary and depend on the cryptocurrency involved. For example; the withdrawal fee for Tether is 20 USDT while it is 1 ADA for Cardano.
Trading Fees
The trading fees vary as per the type of trading like spot or margin trading. It also depends on the funds held in the trader’s account. The standard trading fee also decreases based on the KSC holding for a 30-day trading volume. It is thus divided into various levels, which are as follows for spot and futures trading.
Spot Trading Fees
KuCoin has very low trading fees of 0.1%. An important point to note is that the fees decrease based on the 30-day trading volume of KCS holdings in the user account, which is as follows;
| Tier | Min. KCS holding (30 days) | Maker/Taker fee |
|---|---|---|
| LV 0 | 0 | 0.1% / 0.1% |
| LV 1 | 1,000 | 0.09% / 0.1% |
| LV 2 | 10,000 | 0.07% / 0.09% |
| LV 3 | 20,000 | 0.05% / 0.08% |
| LV 4 | 30,000 | 0.03% / 0.07% |
| LV 5 | 40,000 | 0% / 0.07% |
| LV 6 | 50,000 | 0% / 0.06% |
| LV 7 | 60,000 | 0% / 0.05% |
| LV 8 | 70,000 | -0.005% / 0.045% |
| LV 9 | 80,000 | -0.005% / 0.04% |
| LV 10 | 90,000 | -0.005% / 0.035% |
| LV 11 | 100,000 | -0.005% / 0.030% |
| LV 12 | 150,000 | -0.005% / 0.025% |
Futures Trading Fees
The USD/USDT lending rates for futures is adjustable as it could have positive or negative values. Funding for futures trades occurs once every 8 hours and the value is calculated accordingly.
| Tier | Min. KCS holding (30 days) | Maker/Taker Fee |
|---|---|---|
| LV 0 | 0 | 0.02% / 0.06% |
| LV 1 | 1,000 | 0.02% / 0.06% |
| LV 2 | 10,000 | 0.015% / 0.06% |
| LV 3 | 20,000 | 0.01% / 0.05% |
| LV 4 | 30,000 | 0.01% / 0.04% |
| LV 5 | 40,000 | 0.01% / 0.04% |
| LV 6 | 50,000 | 0% / 0.038% |
| LV 7 | 60,000 | 0% / 0.035% |
| LV 8 | 70,000 | -0.003% / 0.032% |
| LV 9 | 80,000 | -0.006% / 0.03% |
| LV 10 | 90,000 | -0.009% / 0.03% |
| LV 11 | 100,000 | -0.012% / 0.03% |
| LV 12 | 150,000 | -0.015% / 0.03% |
However, there are no deposit fees taken by KuCoin, but withdrawal fees do vary for various currencies so you can check them here.
Supported Fiat Currencies
KuCoin supports the following fiat currencies; EUR, GBP, USD, RUB, CNY, AUD, JPY, TRY, KRW, CAD, IDR, VND, ZAR, HUF, ILS, NZD, SEK, CZK, CHF, PLN, NOK, INR, DKK, and more. Users can deposit and withdraw fiat currencies through various payment gateways ranging from OTC, Simplex, etc.
Supported Cryptocurrencies
KuCoin is a leading cryptocurrency exchange that supports more than 370 cryptocurrencies and 400 markets. These options include the most common cryptocurrencies to the most latest and rarely known digital currencies. As stated before, there is no deposit fee, however, the withdrawal fee is determined by the currency involved.
KuCoin Supported Languages
KuCoin web browser offers multiple languages right from Russian, Chinese, to Hindi, Portugues, among others. As a platform with worldwide access, the website is quite simple with easy navigation.
However, based on customer reviews, new traders find trading on KuCoin a little complex due to its advanced features. Nevertheless, the site features tutorial sections in the support and FAQ sections making it easier to understand.
KuCoin ensures to stay up to date with current market standards by updating the latest currency pairs, etc. In fact, there are also provisions for registering new cryptocurrencies to include them in the trading pairs. KuCoin has 300+ different trading pairs. An example of a trading pair is BTC/ETH that means trading Bitcoin with Ethereum.
KuCoin Customer Support
KuCoin Review – Customer Support by KuCoin
Compared to its alternatives, KuCoin provides better customer service to its customers & it is available 24*7. The 24/7 live chat support or email support with quick response time is what makes KuCoin a busy exchange.
Apart from the live online support, the site also features an online application form to raise user concerns. KuCoin also has a strong social media presence where customers can also reach the customer support team on platforms like Facebook, Twitter, LinkedIn, etc. The KuCoin team is always there to support its users.
KuCoin Security Level
KuCoin is a decentralized trading platform. While this feature is the very essence of transparency enhanced by blockchain technology, the security is further enhanced by different safety protocols. KuCoin offers 2-Factor Authentication to safeguard the user account.
It further protects the traders’ personal information with advanced SSL encryption. KuCoin implemented many security features into its user interface. For withdrawing funds, fulfilling the KYC requirement is a must. And, it is strongly recommend to use KuCoin to complete the KYC verification.
Conclusion
KuCoin provides one of the best trading services with advanced trading tools and customized charts that are easy to use and interpret for both advanced traders and beginners. KuCoin is the top exchanges in the world. Hence, this makes KuCoin to be in the list of largest crypto exchanges.
Although, it also features a myriad of services and products to cater the needs of a broad spectrum of traders and trading preferences. KuCoin offers low trading fees and supports over 400 markets and 200 types of digital currencies. The customer service offered is better when compared to some of its alternatives.
There is no deposit fee and the withdrawal fees vary based on the currency involved. KuCoin offers a KuCoin wallet for its users & users need to deposit funds into a KuCoin wallet before using the trading platform.
In this KuCoin review, we have tried to cover all the information that you need to know before you start trading. We have provided an in-depth analysis of the trading platform, the services, and products offered along with some of its other advantages and drawbacks.
Our verdict is KuCoin is a simple browser and mobile app with advanced tools that make earning profits via cryptocurrency trading an easy endeavor. And, we also expect that in the coming months or years, KuCoin will come up with more features, services, & products for its users. KuCoin is a known name in the cryptocurrency industry.
