KuCoin has established itself as one of the best exchanges for both new and professional crypto users. Whether you want to trade or hold crypto, KuCoin provides a highly secure platform to carry out your crypto activities. In this guide, you’ll explore the key features that make this exchange stand out from the competition and why it could be the ideal platform for your cryptocurrency trading journey.

 

 

KuCoin Exchange Company Overview

Launched in 2017 and based in Seychelles, KuCoin has quickly grown into a global platform with over 29 million users across more than 200 countries. With daily trading volumes exceeding $1.5 billion, you’re dealing with one of the major Tier 1 exchanges. KuCoin stands out for its extensive selection of cryptocurrencies, making it a popular choice among traders worldwide.

KuCoin provides you with the option to engage in P2P trading, spot trading, 10x margin trading, and up to 125x derivatives trading, making it an excellent choice for all your trading needs. Beyond trading, KuCoin also offers various ways to earn on your cryptocurrencies through staking, mining, and automated trading bots.

Since its rebranding, the KuCoin platform has seen significant updates, making it one of the most user-friendly crypto exchanges available. The new interface is well-designed and reliable, ensuring that even beginners can navigate KuCoin with ease.

Additionally, KuCoin has launched its own blockchain, KCC. This decentralized public chain, developed by KuCoin and KCS enthusiasts, aims to address issues like low performance and high costs associated with public chains. KCC offers a faster, more cost-effective experience, and its native token, KCC, provides benefits within the KuCoin exchange, such as lower trading fees and additional bonuses.

 

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KuCoin Account Creation & KYC Process

Signing up for a KuCoin account is simple and just requires an email or phone number and a strong password. After creating your account, you’ll need to complete the KuCoin’s KYC (Know Your Customer) verification process to access all of KuCoin’s features.

Keep in mind that KYC is mandatory for all users. This means you’ll need to verify your identity by submitting a government-issued ID or passport and a selfie. This process typically takes around 15 minutes.

Additionally, some countries are on KuCoin’s restricted countries list due to regulations and anti-money laundering laws. For instance, KuCoin is not licensed in the U.S., so U.S. residents will need to find an alternative platform. Higher levels of KYC verification also increase your daily withdrawal limits.

 

 

KuCoin Pros and Cons

👍 Pros	👎 Cons
✅ Low trading fees	❌ Not licensed in the U.S.
✅ Wide selection of cryptos (800+)	❌ Less liquidity than other T1 exchanges
✅ User-friendly design	❌ Lacks advanced features
✅ FIAT support (deposits & withdrawals)
✅ Educational resources
✅ Passive income products

 

KuCoin Trading Experience

KuCoin offers a highly responsive web interface that you can easily access from your PC browser. The interface is not only responsive but also advanced, equipped with various indicators to help you make informed decisions. In addition to these indicators, you can also easily customize the layouts of KuCoin’s trading interface for a more personalized trading experience.

 

KuCoin is also available on both the Google Play Store and the Apple App Store, with over 10 million downloads and a rating of over 4.5 stars. Similar to the browser interface, the KuCoin app lets you trade on the go and provides a quick overview of your cryptocurrency holdings at a glance.

 

What stands out about KuCoin is its significant rebranding and website redesign in June 2023. The updated platform is well-designed, fast, responsive, and user-friendly. As one of the top crypto trading platforms, KuCoin offers a variety of trading options to suit all types of crypto traders, ensuring a comprehensive and efficient trading experience.

 

Spot Trading

KuCoin’s spot trading platform features a selection of over 800 cryptocurrencies and approximately 1,200 trading pairs, with a 24-hour trading volume exceeding $400 million. You can also easily navigate through coins by their niches on KuCoin. Navigating through coins is straightforward, thanks to separate specialized tabs for categories like AI, DePin, DeFi, and NFTs. This intuitive design makes it easier for users to explore and trade a wide range of cryptocurrencies efficiently.

 

Margin Trading

On KuCoin’s margin trading platform, you can choose from over 250 trading pairs and trade with up to 10x leverage. The platform offers both Cross and Isolated margin trading options, allowing you to manage your risk more effectively. Additionally, you have access to various trading tools within the interface to help you make well-informed trading decisions.

 

Derivatives Trading

For those seeking significant leverage and competitive fees, KuCoin’s derivatives trading platform lets you trade with up to 125x leverage. This means you can control a $125,000 position with just $1,000 in your account, though it’s important to manage risks carefully due to the high leverage involved. The platform provides robust liquidity and tight Bitcoin spreads of only $0.1, ensuring a smooth and efficient trading experience with minimal slippage.

 

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KuCoin Products and Services

P2P Trading

In addition to conventional crypto trading options, KuCoin provides a crypto/FIAT P2P marketplace. This feature allows you to buy and sell cryptocurrencies directly with other users on the platform. You can choose from a variety of payment methods, including Apple Pay, Skrill, Wise, PayPal, Zelle, Neteller, and more, making transactions convenient and flexible.

 

Pre-Market Trading

KuCoin also offers Pre-Market trading, an over-the-counter (OTC) platform where you can trade new tokens before their official launch. You can set your own price quotes and match trades with other buyers and sellers to secure your desired prices and liquidity in advance.

 

In addition to these features, KuCoin offers a Gempool, where new projects can be featured and gather funding before their official launch. These projects are vetted and verified by KuCoin before being listed in the KuCoin Gempool, providing a secure environment for users to invest in promising upcoming projects.

 

KuCoin Trading Bots

Another feature of the KuCoin exchange is its trading bot, an efficient way to automate your crypto trading. It is designed to save you time and effort by managing trades based on pre-set strategies, eliminating the need for constant market monitoring. You can choose from several strategies tailored to different trading needs:

• Spot Grid: Profits by buying low and selling high.
• Futures Grid: Capitalizes on market trends with long or short positions.
• Spot Martingale: Manages volatility by buying in stages and selling all at once.
• Smart Rebalance: Balances risk in an investment portfolio over the long term.
• Infinity Grid: Optimizes gains during bullish market conditions.
• DCA (Dollar-Cost Averaging): Profits from regular investments over time.

 

 

Each strategy includes risk management features like stop-loss orders and position sizing controls, which can help you maintain trading discipline and effectiveness.

 

KuCoin Passive Income Products

Why let your crypto assets sit idle when you can make money from them? KuCoin offers various ways to earn from your assets, whether you prefer safe or riskier options. For safer investments, KuCoin Earn allows you to stake your assets and earn an APR ranging from 0.1% to 50%, with options for both long-term and flexible plans.

 

If you’re open to higher risks for potentially greater returns, KuCoin also offers aggressive earning plans with returns exceeding 1000%. These include Shark Fin, Snowball, Dual Investments, and Protective Buy opportunities.

Additionally, KuCoin provides custom-made guidance and plans to help you achieve higher returns with moderate risks. So, if you have idle cryptocurrencies, KuCoin can be a valuable platform to park your assets and earn returns.

 

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Cryptocurrencies Available on KuCoin

KuCoin offers you access to over 800 cryptocurrencies and around 1,200 trading pairs. Whether you’re interested in major cryptocurrencies or exploring lower-cap projects in categories like AI, DePin, Meme, and others, KuCoin provides a diverse selection with low fees. KuCoin is dedicated to continually vetting and verifying new projects to ensure they meet high standards before adding them to the platform.

Additionally, the platform supports major Layer 1 and Layer 2 blockchains, making it easy for you to use different networks for transactions. For instance, you can transfer SOL to KuCoin using the Solana network from an external wallet without hassle.

 

KuCoin Trading Fees

KuCoin’s fee structure is designed to be competitive and transparent, designed to cater all your trading needs. Whether you’re trading popular tokens or looking to explore niche or emerging cryptocurrencies, the platform provides clear and manageable fees. By utilizing KuCoin’s tiered system and holding KCS tokens, you can enjoy additional flexibility and reduced costs, optimizing your trading experience based on your activity.

For spot trading, KuCoin categorizes tokens into three classes:

• Class A tokens (like BTC, ETH, and SOL) come with a standard fee of 0.1% for both makers and takers. By holding KuCoin’s native KCS token, you can enjoy a 20% discount, lowering these fees to 0.08%.
• Class B and Class C tokens are less popular, so their fees are higher. For Class B, you’ll pay 0.2% for both makers and takers, while Class C tokens have a fee of 0.3%.

 

 

Your fees can be further reduced based on your VIP level. For example, at VIP level 0, you might pay standard fees, but as you advance to higher levels, your fees can decrease significantly. For top VIP levels, fees for Class A tokens can go as low as -0.005% for makers and 0.020% for takers. For a more detailed breakdown, you can check out KuCoin’s official fee schedule.

For futures trading, the fees start at 0.02% for makers and 0.06% for takers. Similar to spot trading, your fees decrease with higher trading volumes, but there are no discounts for holding KCS. At the highest VIP levels, your futures trading fees can drop to -0.008% for makers and 0.025% for takers.

 

KuCoin Deposit & Withdrawals

KuCoin offers several benefits for users when depositing or withdrawing crypto or fiat. Let’s take a look at each of them individually, as both activities have separate policies and fees.

KuCoin Deposits & Deposit Fees

Depositing into KuCoin is simple and offers several options. You can deposit cryptocurrency from another wallet, and the fees will depend on the network you’re using. If you’re depositing fiat, KuCoin’s “Deposit Fiat” feature gives you access to 20 different currencies, including EUR, GBP, AUD, CHF, USD, RUB, SEK, and more. With over 10 payment methods, you’ll easily find one that works for you.

 

If you’re looking for a faster option, you can use the “Fast Trade” feature to deposit crypto with over 60 currencies and 70+ payment methods. Keep in mind that certain countries may have restrictions on crypto deposits due to regulations, but you can always use KuCoin’s P2P trading for the best rates and local payment methods.

The minimum deposit limit is just $5, and there are no fees for fiat deposits. For cryptocurrency deposits, the limit depends on the network you’re using.

 

Withdrawal Methods & Withdrawal Fees

When it comes to fiat withdrawals on KuCoin, you can withdraw in seven different currencies, including EUR, GBP, BRL, RUB, TRY, UAH, and USD. KuCoin supports various withdrawal methods like Wire Transfer, Advcash, CHAPS, Faster Payments, PIX, and SEPA Bank Transfers. The fees for these methods vary, ranging from 0% with Advcash to €1 for SEPA transfers, and up to $80 for wire transfers.

 

For cryptocurrency withdrawals, each blockchain network has its own set of fees. These fees can vary significantly depending on the network you choose. For example, withdrawing Bitcoin using the Bitcoin network may cost you around 0.005 BTC in fees.

However, if you opt for a more efficient network like KuCoin’s KCC, the fees can be as low as 0.00002 BTC. This makes choosing the right network crucial for minimizing withdrawal costs, with KuCoin’s supported networks offering a more economical way to handle your crypto transactions.

To learn more, you can explore our KuCoin Deposit Guide and KuCoin Withdrawal Guide for detailed insights on how to manage your funds effectively on KuCoin.

 

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KuCoin Safety & Security

KuCoin prioritizes your security with multiple layers of protection. Your account is safeguarded through multi-factor authentication, identity verification, and anti-phishing measures. For added safety, KuCoin employs strong device security protocols and advanced wallet protection, ensuring your funds are secure during both deposits and withdrawals.

The platform also implements anti-fraud measures and monitors transactions to prevent unauthorized access. With encrypted communication and regular data backups, KuCoin ensures your personal information remains private and protected at all times. If you decide to stop using KuCoin, you also have the option to fully delete your account.

 

Despite KuCoin’s strong security measures, the platform faced a major hack in 2020, losing over $280 million in customer funds. Fortunately, most of the stolen assets were recovered, and affected users were compensated through insurance. Despite this setback, KuCoin has since made considerable improvements. They’ve partnered with Onchain Custodian in Singapore for enhanced asset custody and insurance backed by Lockton.

Following the FTX incident, KuCoin took proactive steps by providing full proof of reserves to assure you that your funds are fully backed 1:1. This proof of reserves is updated weekly, so you can track the security of your assets in real-time.

 

 

KuCoin Customer Support Experience

KuCoin places a strong emphasis on customer support, reflecting its motto: “An exchange for, by, and of the people”. With 24/7 customer service, live chat, and an extensive knowledge base, KuCoin ensures you have the resources needed to navigate the platform smoothly.

The exchange addresses issues promptly, and its vibrant community on Telegram, Discord, and other social media platforms often helps resolve most problems. This active user base not only fosters a sense of community but also enhances the overall customer experience on KuCoin.

 

KuCoin Alternatives

Kucoin is a popular choice for altcoin traders, but here are some other options to explore:

1. MEXC: MEXC boasts an even wider selection of altcoins and incredibly low fees.
2. Bitunix: Bitunix is a newer exchange with a user-friendly interface and a no-KYC option.
3. Bitget: Bitget offers a variety of features, including copy trading and a variety of trading bots.

Feature	Kucoin	MEXC	Bitunix	Bitget
Established	2017	2018	2022	2018
Spot Fees (Maker/Taker)	0.10% / 0.10%	0.00% / 0.02%	0.10% / 0.10%	0.10% / 0.10%
Futures Fees (Maker/Taker)	0.020% / 0.060%	0.000% / 0.020%	0.020% / 0.060%	0.020% / 0.060%
Max Leverage	125x	200x	125x	125x
KYC Required	Yes	No	No	Yes
Supported Cryptos (Spot)	800+	2437+	317+	871+
Futures Contracts	182+	433+	218+	246+
No KYC Withdrawal Limit	Not Allowed	30 BTC	$10,000	Not Allowed
24h Futures Volume	$1.03B	$6.07B	$6.4B	$12.45B
Trading Bonus	$10,500	$20,000	$5,500	$20,000
Key Features	• Multiple trading bots • Great for altcoins • 800+ cryptocurrencies	• Lowest fees by far • 2437+ cryptocurrencies • No KYC required	• No KYC required • User-friendly • Multiple fiat options	• Most cryptocurrencies • Multiple trading bots • Great for EU users
Sign Up	Sign Up	Sign Up	Sign Up	Sign Up

 

Final Thoughts

KuCoin offers a well-rounded trading platform that’s suitable for both beginners and experienced crypto traders. With its user-friendly interface, advanced tools, and competitive fees, there’s plenty to appreciate about this exchange. Beyond just trading, KuCoin provides additional opportunities like trading bots and earning features, delivering a complete experience for its users.

However, there are some limitations. KuCoin is restricted in certain countries, including the US, and unlike other exchanges, it doesn’t offer a Web3 wallet, which means you’ll need to leave the platform to access dApps. But overall, if you’re looking for a secure, centralized exchange with all the essential features, KuCoin is definitely worth trying.

 

FAQs

Is KuCoin safe, secure, and legit?

Yes, KuCoin is a safe and legit crypto exchange.

 

Does KuCoin require KYC verification?

Yes, KuCoin requires all users to verify their identity with KYC. Without KYC, you can not use KuCoin’s services.

 

Is Kucoin legal in the U.S.?

No, KuCoin is not legal in the U.S. KuCoin does not have a license to operate in the United States.

 

Does KuCoin report to the IRS?

As KuCoin does not offer services in the United States, there is no reason for KuCoin to report to the IRS.

 

Is KuCoin legal in Canada?

No, KuCoin is not legal in Canada. KuCoin does not have a license to operate in Canada and is therefore not available in the country.

 

Does KuCoin have a native token?

Yes, KuCoin has the KuCoin Token (KCS) which grants holders perks like a 20% fee discount.

 

Is KuCoin good for newbies?

Yes, KuCoin is a very beginner-friendly crypto exchange with an easy-to-use interface.