Kucoin is a cryptocurrency exchange that opened in September of 2017. It does not provide fiat-to-crypto trading pairs but instead revolves around matching cryptocurrencies. You can still make deposits with Visa and Mastercard along with Peer to peer, in order to get started with Kucoin. They offer different, unique cryptocurrency pairs that other exchanges do not provide access to, which makes it even more excited. While they don't support fiat-to-crypto trading, they do allow you to purchase tokens with your credit card. Here is an in-depth review of the platform and its services. Keen to try a better crypto site now? Visit KuCoin and register in only 10 seconds.
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One of the exchanges available in most places around the world, with among the lowest fees and among the best compatibility for transfers between various blockchains.CryptoLists.com
Background & Overview
Kucoin tries to make it as easy as possible for its users. The user interface is very straightforward, and you can see your order history, asset value, and price movements on the same page. There are not many advanced trading tools here, but they do offer stop-limit orders, which help control risk while you trade. Kucoin's native token KCS offers a 50% reduction in the fees that users have to pay. Users must purchase this crypto asset via Kucoin's crypto offering and hold it in their wallets to take advantage of this discount.
The platform is a world-class blockchain asset exchange that has its system constructed by a diverse range of categories, including currencies, tokens, futures, forks, and ICOs. The platform focuses on providing users with a large number of trading tools and options that are very innovative and also high-efficient, such as margin trading and stop-loss orders.Try KuCoin, you too!
Advantages at KuCoin+ The platform is secure and reliable for all the transactions.
+ While it might be slower, they have an excellent customer support team.
+ The user interface is straightforward so that you can get everything within one click.
+ The trading fees are cheap as KCS holders get a 50% discount on the fees that they pay.
+ Kucoin offers a wide range of popular and unique digital assets for users to choose from.
Disadvantages-The deposit and withdrawal options for fiat currencies are very limited.
-No licence in Europe or U.S, which are rather complicated for most cryptocurrency sites.
KYC & Registration
The registration procedure is straightforward and easy to follow. You will need your email ID, password, and a valid phone number to which they can send notifications. It only takes about two minutes to register an account with them. Once you do this, you'll be asked for more information like your full name, date of birth, country of residence, ID card number and a photo of your ID. A valid ID is required to start trading on this platform.
You will then need to enter these details and create your account. To begin trading, you will be required to verify your identity. They must have proof of address and a picture for this purpose. It is not much trouble when you think about it in the long run, and it protects users from scams and fraud attempts. Open your KuCoin account today!
Leverage▪ Rated at 10/10
The platform is unique as it allows traders to borrow capital from peer liquidity providers to trade cryptocurrencies with leverage. This type of trading is only available through a KCS wallet, and the users must have a minimum equity balance in their accounts before they can start borrowing. Whether you want to trade with leverage or no leverage, the platform has got you covered.
Costs▪ Rated at 9/10
The trading fees consist of two components, the trading fee that is charged by the platform and the KCS token holders' dividends. The more KCS you own, the less your fees will be. This means holding more tokens could equate to saving money. The second component of this fee structure is more straightforward; users pay 0.1% of the fee for every trade that they make on the platform. This is quite expensive compared to other exchanges, but this discount offered by KCS helps offset most of it.
Deposit Methods▪ Rated at 9/10
Below you can see a list of the deposit methods available on KuCoin. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
Kucoin are primarily focused on deposits through crypto currencies, but also supports fiat deposits through VISA and Mastercard. In some countries they also support Paypal deposits and deposits through bank wire in some regions. If bank transfers are not listed as available to you in the app, you could contact their support and ask about details to make a deposit through a bank transfer.
Platforms▪ Rated at 10/10
The interface is very simple, but it can get overwhelming for new users. It has the standard set of tools you would expect to see on a crypto exchange; buy/sell orders, open order book, charting tools, depth chart and price movement. It also displays fees for every trade under your pending orders or active orders. It's one of the few exchanges where you're able to see all your active orders at once.
You can also trade directly from the price chart, which is useful if you want to make a quick profit by spotting support and resistance levels on the graph. There are no mobile apps for this exchange, but they do offer their own web version that you can use to trade on the go. Site load speed is average, but they are still improving that.
The interface is also responsive, which means that it works well even if you're using a mobile device to access the site. The charts are easy to read and detailed enough for new users, but advanced traders might want more options.
Broker Support▪ Rated at 10/10
The support team is active on social media platforms like Facebook, Twitter and Reddit. They're usually the first ones to reply if you have any issues with their platform, but there are still some issues that need to be addressed. I've seen users reporting other users for phishing links or spamming links in public chat, which should not be possible considering Kucoin's strict policy against promoting other websites in the chat.
Other Names for KuCoin
KuCoin is or has also been known under the following names: KuGroup
Is this a reliable site?
Yes. Kucoin is one of the fastest growing cryptocurrency exchanges in the space. It's already listed on Coinmarketcap, and most users are anxious to see this platform grow. That means that it can't be easily infiltrated by hackers or phishers, so you don't have to worry about your funds getting stuck when trading there.
How does this company earn money?
The crypto projects is still a relatively new company that's trying to establish itself among other established names in the industry. As they gain more users, they will be able to generate more revenue through trading fees and premium membership fees.
Does Kucoin support Terra?
Yes, they do. Kucoin is one of the few cryptocurrency exchanges that allow you to trade fiat currencies for Tether coins directly. You can even send UST on the platform.
Who created Kucoin?
The platform was created by Michael Gan and Eric Don. They designed the company to offer a secure and streamlined exchange across the globe so people can invest in digital currency.
Does Kucoin got their own crypto token?
Kucoin Shares (KCS) are basically shares of the company that you can get from buying the platform's native token. You don't have to invest in KCS if you want to trade Bitcoins and Ethers on the peer-to-peer exchange there.
Instruments available▪ Rated at 10/10
Crypto CurrenciesBTC/USD, ETH/EUR, NEO/EUR, GAS/EUR, KCS/EUR, ETH/BTC, NEO/BTC, 2CRZ, ABBC, ACT, ADA, ADA/BTC, ADA/KYC, ADS, AGIX, ALGO/KCS, ALICE, ANT, ANC, ANC/USDT, ANC/UST, ARRR, ASTR, ATOM, ATOM/BTC, ATOM/KCS, AUDIO/BTC, AUDIO/USDT, AVA, AVAX, AVAX/BTC, AVAX/USDT, BAKE, BAL, BCH, BLOK, BNB, BNB/BTC, BNB/KCS, BOLT, BTC, CAPP, CAS, CFG, CHR, CHR, CREAM, CRO, CRO/USDT, CRPT, CTC, DAG, DAG, DASH, DATA, DENT, DEXE, DFI, DGB, DIA, DOCK, DOGE, DOGE/USDT, DOT, DOT/KCS, DSLA, EDG, ELA, ENU, EOS, EOS/KCS, EPIK, ETC, ETH, ETH/USDT, FET, FLOW, FLUX, FRONT, FTM, FTM/USDT, GALAX, GALAX/USDT, GLQ, GMB, GRIN, GRT/KCS, HAKA, HBAR, HERO, HYVE, IOTA, JAR, KCS, KDA, KEY, KSM, KSM, LAYER, LINK, LOKA/USDT, LPOOL, LRC, LTC, LTC/KCS, LTO, LTX, LUNA, LUNA/KCS, LUNA/USDT, MANA, MANA, MANA/BTC, MANA/USDT, MATIC, MATIC/BTC, MATIC/USDT, METIS/USDT, MFT, MHC, MIR/KCS, MKR, MOVR, MTL, MTV, NEAR, NFT/TRX, NOIA, NORD, NULS, OCEAN, OMG, ONE, ONE/USDT, ORBS, OTIME, OXEN, PIVX, PLAY, POLK, POLK, POWR, PUSH, PYR, QI, REP, RLY, RMRK, RNDR, SAND, SAND/USDT, SDAO, SFP, SHA, SKL, SOL/USDT, SOV, STX, SUKU, SUPER, SWINGBY, TEL, THETA, TLOS, TOKO/KCS, TOWER, TRADE, TRB, TRIAS, TRX, TRX/ETH, TRX/KCS, TRX/USD, TRX/USDT, TVK, UBX, UOS, USDC/USDT, USDC/UST, USDD/USDT, USDD/USDC, USDD/TRX, USDT/UST, UTK, VET, VET/KCS, VET/USDT, WAXP, WBTC, XDB, XDC, XEM, XRP/KCS, ZCX, ZEC
›› Sign up at KuCoin here
Screenshots from KuCoin
Related coins? Learn more about the 2 related to KuCoinThe Kucoin Token is the coin that is used on KuCoin, so it's worth reading more about it on our review page.
›› Read our full Kucoin Token review here
KCS is the token on Kucoin that can give you 20% lower fees.
The TerraClassic USD is the coin that is used on KuCoin, so it's worth reading more about it on our review page.
›› Read our full TerraClassic USD review here
The TerraClassicUSD (former UST) is a not very solid stablecoin from Terra-classic blockchain, that got unpegged from the USD and never came back.
Related blockchain? Learn more about KCC blockchainKCC blockchain is the blockchain that KuCoin related to, so it's worth reading more about it below.
Kuchain has the necessary architecture for a decentralised public chain called KCC. The community of KCS developed its own chain with the assistance of Kucoin's management. They announced its own mainnet, KCC, in June 2021. It provides an alternative to the existing low-performance and more expensive public chains. The chain uses the Proof of Stake Authority(PoSA) to provide a fast, convenient, and more affordable blockchain...
›› Read our full KCC blockchain review here
KCC aims to accelerate the flow of value around the world.
KuCoin Review Published: Sunday, 16 Jan 2022 11:20 pm
Last Updated: Friday, 12 Aug 2022 6:55 pm