KuCoin Review

4.1
  • Summary
  • Crypto
  • Fiat
  • Fees
  • Features
  • Safety
  • FAQs

KuCoin is considered to be one of the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin. It has a 24 hour market volume of: $2,179,079,136. It also offers traders 275 coins and 1000 pairs.

Overview
🏆 CI Exchange Rank 4.1 (#9) 📈 24H Volume $2,179,079,136 (#16)
📌 Headquartered Singapore 🧱 Founded 2013
💧 CI Liquidity Rank 0.033 (#8) 🚀 Beginner-friendly? Yes
💲 Supports Fiat? Yes 🎌 Languages Supported
💼 Business Accounts Yes ✖️ Margin Trading Yes
👛 External Wallet Yes 🔃 OTC Trading Yes
📱 Mobile App Yes 💰 Integrated Wallet Yes
🔮 Futures Trading Yes ⚪️ Spot Trading Yes
⭕️ Coins: 275 🔀 Pairs: 1000

KuCoin is beginner-friendly and permits U.S traders.

KuCoin was founded by a group of blockchain enthusiasts who had proved themselves in industry giants like Ant Financial and GF Securities. The exchange is currently headquartered in Singapore.

Crypto on KuCoin

Crypto Market Listings on KuCoin

KuCoin has a reported trading volume of $2,179,079,136 in the last 24 hours. Traders can expect an average bid-ask liquidity spread of 0.033. KuCoin is ranked position #8 among exchanges for liquidity.

  • USD
  • EURO
  • GBP
Coin Pair Price Spread
BTC/USDT $98508 0.01
ETH/USDT $3353.48 0.01
SOL/USDT $258.04 0.01
DOGE/USDT $0.463124 0.02
XRP
XRP/USDT $1.54 0.03
ADA/USDT $1.096 0.02
SHIB/USDT $0.00002711 0.03
Avalanche
AVAX/USDT $42.36 0.01
SUI/USDT $3.57 0.03
DOT/USDT $7.64 0.01
NEAR/USDT $6.24 0.01
XLM/USDT $0.445113 0.05
FET/USDT $1.35 0.01
BTC/USDC $98466 0.01
PEPE/USDT $0.00002144 0.05

Crypto Verification

To trade with cryptocurrency, you will need advanced verification, also known as KYC2. KYC2 enables advanced trading features and additional benefits.

You will have to submit the following documents:

  • ID/passport or drivers license
  • Proof of Address
  • A photo of yourself- the image format should be JPG and PNG. The size of the image file should be less than 4MB
  • Bank account statement

 

 

 

What's Needed
🛂 Documents Passport, Driving Licence, Bank Statement 🕖 Verification Duration 1-3 days

Crypto Deposits

Cryptocurrency deposits are free, other than the blockchain transaction fee that you will be liable to pay when making a transfer. This will depend on which cryptocurrency you are using.

Buying In
Crypto/Coins Free

Crypto Withdrawals

In terms of withdrawing your coins out of the exchange, the fee depends on what cryptocurrency you want to take out.

Cashing Out
Crypto/Coins Varies from coin to coin

Fiat on KuCoin

Fiat Market Listings on KuCoin

  • USD
  • EURO
  • GBP
Coin Pair Price Spread
USDT/EUR $0.996482 0.04

Fiat Verification

You will be required to complete basic level verification, also known as KYC1 to make use of the P2P fiat trade feature.

You will require the following documents:

  • ID/Drivers license documents
  • Proof of address
What's Needed
🛂 Documents Passport, Driving Licence

Fiat Deposits

There are no deposit fees with KuCoin, which means that deposits are free for traders regardless of the currency they choose.

Buying In
Debit Card Free Credit Card Free
Bank Transfer Free

Fiat Withdrawals

There are no costs for P2P fiat withdrawals either.

Cashing Out
Debit Card Free Credit Card Free
Bank Transfer Free

KuCoin Fees

Trading fees on KuCoin is set at 0.1% for market makers and 0.1% for market takers.

KuCoin Features

Spot Trading

KuCoin offers Spot Trading order types. This includes, limit orders, market orders, stop limit orders and stop market orders.

Margin Trading

KuCoin does offer Margin Trading, traders can borrow more digital assets by holding digital assets on KuCoin. Traders can either go long or short.

Futures Trading

KuCoin Futures offers various leveraged futures that are bought and sold in Bitcoin and other cryptocurrencies. Instead of fiat currencies or other cryptocurrencies, KuCoin Futures handles Bitcoin/ETH only, and all the profit and loss are in Bitcoin/ETH/USD

Peer-to-Peer Fiat Trade

KuCoin P2P Fiat Trade provides fiat-to-crypto conversion service under peer-to-peer trading. There are no transaction fees, fast settlement, secure transactions, professional and reliable merchants, and multiple payment methods globally and regionally. Traders will be able to buy/sell crypto via TRY and other supported currencies on KuCoin P2P Fiat Trade

 

OTC Trading

The KuCoin OTC desk enables users to execute longer trades at specific prices, with no possibility of triggering changes in that crypto’s value.

KCS Token

KuCoin has its own native token, KuCoin Shares (KCS). KCS tokens are given to KuCoin’s ICO participants in exchange for their crypto investments. These tokens hold numerous benefits and represent an integral part of KuCoin’s ecosystem.

Instant Exchange

The Instant Exchange feature allows you to make large orders on more than 10 digital currencies at no cost.

Fast Buy

The Fast Buy feature, enables you to seamlessly purchase crypto, with a single click. The supported list of assets includes BTC, ETH, USDT, and PAX, all of which are purchasable at a low fee.

KuCoin Wallet

The KuCoin wallet is integrated into your account once you sign up. It supports multiple cryptocurrencies, and deposits are free.

KuCoin Affiliate Program

With the KuCoin affiliate program you will earn up to 50% of each referral’s trading fees as affiliate commission for their entire lifecycle on KuCoin. Unlike other exchanges, you can still get commission from referrals even after the contract ends.

KuCoin Safety

Cold Storage

KuCoin transfers 80% of funds from hot wallets to cold storage.

Two-Factor Authentication

KuCoin requires that all new traders activate 2FA. You will have to complete 2FA every time you perform a transaction or log into your account.

CER Cyber Security Score (CSS)

 

 

5.47/10

CSS is an industry benchmark assessment of the cybersecurity characteristics of a given exchange. It consists of three weighted components: application-level security, SSL/TLS connection, and domain security. CSS uses over 18 indicators, based on the best practices of cybersecurity protection.

KuCoin FAQs

Does KuCoin support fiat currencies.

Yes.  KuCoin now accepts 5 mainstream fiat currencies, including USD, CAD, VND, IDR and CNY.

Can you short on KuCoin?

Yes. Short selling is provided on KuCoin

Is KuCoin safe?

Overall, most users agree that KuCoin is a safe and reliable platform.