KuCoin is a secure and reliable cryptocurrency exchange, offering a wide range of coins and tokens to buy, sell and trade, making it the perfect choice for those looking to get started in the crypto world. In this KuCoin review, I will first give you a brief overview of the exchange’s history, then walk you through the process of making a deposit, tell you which coins you may deposit, explain the company’s verification procedure, and lastly list all of its benefits and drawbacks.
EXCLUSIVE! Sign up HERE to get 20% off trading fees!
What is KuCoin?
KuCoin is a one-stop shop for all your crypto needs. Launched in 2017, the exchange has grown into one of the most popular crypto hubs online, offering bank-level security, a slick interface, and a beginner-friendly UX. With over 200 cryptocurrencies, 400 markets, and a wide range of services, KuCoin is the perfect choice for investors. It offers margin and futures trading, a built-in P2P exchange, the ability to buy crypto with a credit or debit card, instant-exchange services, and the opportunity to earn crypto by lending or staking via its Pool-X.
KuCoin also offers some of the lowest fees in the market and generous profit-sharing incentives, with up to 90% of trading fees going back to the KuCoin community through its KuCoin Shares (KCS) tokens. With its tendency to list small-cap cryptocurrencies with tremendous upside potential, KuCoin is the perfect choice for investors looking to get in on the ground floor.
Key Features of KuCoin
KuCoin is a top cryptocurrency exchange offering a comprehensive suite of crypto services, including fiat onramp, futures and margin trading, staking and lending, P2P marketplace, IEO launchpad, and non-custodial trading, serving one out of four crypto holders worldwide.
Here are some notable KuCoin features:
Buy and sell cryptocurrencies with low fees: KuCoin is a top cryptocurrency exchange offering bonuses, discounts, and low fees of 0.1% per trade and even smaller fees for futures trading.
Buy crypto with top fiat currencies: KuCoin allows you to buy cryptocurrencies with top fiat currencies, including USD, EUR, CNY, GBP, CAD, AUD, and more, using its P2P fiat trade, credit/debit card, Fast Buy service, and more.
Outstanding customer service: Their website, email, ticketing system, and other channels all offer excellent customer care that is accessible around the clock.
Bank-a-like security asset: KuCoin provides industry-leading security measures such as micro-withdrawal wallets, multilayer encryption, dynamic multifactor authentication, and dedicated internal risk control departments to ensure the safety of your data.
KuCoin Futures and Margin Trading: With 100x leverage, you can go long or short on your favorite cryptocurrencies!
Earn: Put your crypto to work and earn yield with KuCoin’s crypto lending, staking, soft staking, and KuCoin Shares (KCS) bonus.
User-friendly and Intuitive platform: Trading is made simple and entertaining for everyone thanks to excellent design and a strong trading platform.
Non-custodial trading: Arwen’s non-custodial trading feature on KuCoin allows you to securely trade cryptocurrencies directly from your private wallet.
Key Advantages of KuCoin
KuCoin Futures Trading for Both Beginners and Pro Users
KuCoin Futures calculates the underlying spot price using the weighted price average from other exchanges like Kraken, Coinbase Pro, and Bitstamp. KuCoin Futures is a cryptocurrency trading platform that allows users to trade Bitcoin (BTC) and Tether (USDT) margined contracts with up to 100x leverage. It is designed for both beginners and experienced traders, with two versions of the platform available – the lite version for beginners and the pro version for more experienced traders. With KuCoin Futures, users can trade up to USD 10,000 worth of contracts with just USD 100 in their account. KuCoin Futures is a secure and reliable platform that provides users with the tools they need to maximize their trading potential.”
KuCoin Design and Usability
KuCoin is a modern and straightforward cryptocurrency exchange that is easy to use even for beginners. It is powered by a powerful API interface and a core trading engine that can handle millions of transactions per second (TPS). KuCoin offers spot trading of over 200 tokens and cryptocurrencies with low fees of 0.1% for both takers and makers. The exchange has a clean and straightforward layout, and users can switch between the old and new exchange interfaces. To make a trade, users need to go to the “Markets” tab and search for the market they want to trade. An extra security measure is the trading password, which must be entered to enter the trading window.
Margin Trading with Up to 10x Leverage
KuCoin offers users the ability to margin trade 36 USDT, BTC, and ETH denominated market pairs with up to 10x leverage. Margin trading on KuCoin allows users to long or short top cryptocurrencies such as Bitcoin, Ethereum, Litecoin, XRP, EOS, ATOM, Dash, Tron, Tezos, Cardano, and more. KuCoin’s margin trading feature is available directly on the spot exchange, where users can select margin trading markets and place margin trading orders. KuCoin’s margin trading feature is a great way for users to take advantage of market volatility and increase their profits.
P2P Fiat Trade
KuCoin P2P Marketplace is a convenient service that allows users to buy and sell cryptocurrencies like USDT, BTC, ETH, PAX, and CADH directly with other merchants. It supports various payment methods, including PayPal, Wire transfers, Interact, and other popular payment methods using most popular fiat currencies like USD, CNY, IDR, VND, and CAD. To use the P2P Marketplace, users must first verify their KuCoin account. With KuCoin P2P Marketplace, users can enjoy a secure, fast, and convenient way to buy and sell cryptocurrencies with ease.
KuCoin Instant-Exchange
KuCoin’s Instant Exchange is a fast and secure way to swap Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and XRP (XRP) for Tether (USDT) and Bitcoin (BTC). Established in partnership with HFT, the exchange service looks for the best exchange rates and is currently free of charge. With its advanced security measures, KuCoin’s Instant Exchange ensures a safe and reliable crypto-to-crypto exchange experience. With its user-friendly interface, users can easily and quickly exchange their cryptocurrencies without any hassle. So, if you’re looking for a fast and secure way to exchange your cryptocurrencies, KuCoin’s Instant Exchange is the perfect choice for you.
Fast Buy Feature
The KuCoin Fast Buy feature allows traders to quickly and easily purchase Bitcoin (BTC), Tether (USDT), and other cryptocurrencies using Indonesian Rupiah (IDR), Vietnamese Dong (VND), and Chinese Yuan (CNY) fiat currencies. This feature is great for traders who want to make low-fee crypto purchases using popular payment methods such as WeChat, Alipay, bank cards, and other fiat payment methods. KuCoin Fast Buy is a convenient and secure way to buy and sell cryptocurrencies with minimal fees and fast processing times. With its user-friendly interface and secure payment methods, KuCoin Fast Buy is the perfect choice for traders looking to quickly and easily purchase cryptocurrencies.
KuCoin Earn
KuCoin is a leading digital asset exchange that offers users a variety of staking and lending programs. With KuCoin Lend, users can earn up to 12% annualized interest rate on their digital assets by lending them out for the funding of margin accounts. Pool-X is a next-generation proof-of-stake (PoS) mining pool that lets users earn high yield for PoS cryptocurrencies like EOS, TOMO, ZIL, ATOM, KCS, XTZ, ZRX, IOST, TRX, and many others. Soft staking allows users to earn rewards for holding coins and tokens, with up to 15% annual yield and extremely low minimum deposits. KuCoin’s staking and lending programs provide users with an easy and secure way to earn passive income on their digital assets.
KuCoin Spotlight IEO Platform
KuCoin is a leading crypto exchange platform offering a wide range of services such as trading, staking, exchange, and swapping. It also has its own Initial Exchange Offering (IEO) launchpad, KuCoin Spotlight, which allows users to invest in new and exciting crypto projects. To participate in KuCoin’s IEOs, users must have a verified account and most offerings use KuCoin Shares (KCS) as the main currency of the crowdsale. KuCoin Spotlight has already funded 7 IEOs, including Tokoin, Lukso, Coti, Chromia, MultiVAC, Bitbns, and Trias. With KuCoin, users can access a secure and reliable platform to invest in the latest crypto projects.
Non-Custodial Trading with Arwen
With the Arwen client, users can trade on the exchange without having to worry about their funds being held in a third-party wallet. The Arwen client is available for Windows, macOS, and Linux-powered devices, making it easy for users to access the exchange from any device. KuCoin also offers a wide range of trading options, including spot trading, margin trading, and futures trading, as well as a variety of trading pairs. With its advanced security features and user-friendly interface, KuCoin is an excellent choice for both experienced and novice traders.
KuCloud Advanced Technology Solutions and Ecosystem
KuCoin is also developing its own native blockchain, KuChain, and a white-label technology solution, KuCloud, for launching spot and derivative exchanges. Additionally, KuCoin has a testnet, Kratos, and an ever-growing ecosystem powered by KCS and various partners. With its innovative initiatives, KuCoin is driving the adoption of crypto and blockchain technologies.
KuCoin Security
KuCoin is a secure and reliable crypto exchange platform that offers bank-level data encryption and security. The exchange employs specialized risk control departments and has partnered with Onchain Custodian and Lockton to ensure the safety of its crypto assets. To maximize account security, users can set up two-factor authentication, security questions, anti-phishing safety phrase, login safety phrase, trading password, phone verification, email notifications, and restrict login IP. It is recommended that users do not keep all of their funds in the exchange, but only what they can afford to lose.
KuCoin Customer Support
KuCoin provides 24/7 customer support to its users, with a helpful staff reachable via the Help Center, FAQ Center, Onsite chat, and Mobile app support. Additionally, users can join the exchange’s community on social media channels such as Facebook, Telegram, Twitter, Reddit, YouTube, Medium, and Instagram. KuCoin’s customer support is quick to respond and will help you with your queries within a few hours at most.
KuCoin Deposits and Withdrawals
KuCoin is an exclusively crypto-to-crypto exchange, allowing users to buy and sell digital assets without the need for fiat currency. It supports a variety of payment methods, and transactions are usually processed within one hour. Withdrawals are usually completed within 2-3 hours, but larger withdrawals may take 4-8 hours. KuCoin does not charge fees for deposits, and has a varying fixed fee for withdrawals. With its fast and secure services, KuCoin is the perfect platform for those looking to trade digital assets quickly and easily.
Is KuCoin Safe?
KuCoin is a cryptocurrency exchange that offers users a secure and safe platform to trade digital assets. The website is protected by an encryption protocol and has an internal risk department to ensure user funds are safe. Additionally, users can set up Google Authenticator for an extra layer of security. Although KuCoin has not experienced a hack, it is still a relatively new exchange and users should never keep large amounts of funds stored there. It is always much safer to withdraw coins back to a secure personal wallet. Overall, KuCoin is a safe and secure platform for users to trade digital assets.
Who Should Choose KuCoin?
KuCoin is a user-friendly cryptocurrency exchange platform that is simple to use. From making deposits to completing trades, everything is straightforward. The platform also has features to analyze pricing trends, such as candlestick bars. However, the average trading volume at KuCoin is in the tens of millions, which is a lot less than bigger exchanges like Binance. This could be a problem as low trading volumes can sometimes mean that there is not enough liquidity. KuCoin is a great option for those looking to exchange small amounts, but for larger quantities, it might not be the best choice. Ultimately, if the cryptocurrency you want is only listed on KuCoin, then you will have no choice but to use them.
Conclusion
KuCoin is a popular cryptocurrency exchange that offers a wide range of coins and tokens. It has a user-friendly interface and low fees, making it a great choice for both beginners and experienced traders. KuCoin also offers a mobile app, allowing users to access the markets on the go. The exchange is also secure, with two-factor authentication and a secure wallet. All in all, KuCoin is a great choice for those looking to buy and sell cryptocurrencies. It has low fees, a wide selection of coins, and a secure platform.
EXCLUSIVE! Sign up HERE to get 20% off trading fees!
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
