KuCoin Exchange Review: KuCoin Exchange is one of the largest and most popular exchanges, as they’ve been serving clients and providing excellent service since launching in August 2017.
There’s no surprise that traders like the exchange, they offer 200+ cryptocurrencies and over 400 markets!
This cryptocurrency exchange is not only a reliable and secure trading platform, but also has very low fees, an easy-to-use interface, and a wide variety of services to offer.
They include futures and margin trading, credit and debit card crypto purchases, instant exchanges, peer-to-peer exchanges, loan/staking services for crypto, and more. We’ll cover them in more detail in this KuCoin Exchange review.
One of the reasons traders like using KuCoin Exchange is that they often list smaller cryptocurrencies with lots of promise.
In addition, they are always adding more coins to the exchange, and traders can actually earn and save money by utilizing their own custom tokens, KuCoin Exchange Shares (KSC).
TL;DR – KuCoin Exchange is a leading cryptocurrency exchange. It was created with a mission to provide professional-grade service to crypto traders, and they deliver on that promise with high-quality stability and advanced technology. Plus, they offer the following key features and strengths: Mobile app, High liquidity, Deep market coverage, Low transaction fees, and International support.
What Is KuCoin Exchange?
KuCoin Exchange has been a go-to crypto exchange for serious and professional traders since it was founded. With its focus on attracting experienced traders, it’s no surprise that they’ve done well over the years. They’ve evolved into what we see now: a multifaceted trading platform with impressive features and products for both experienced and novice traders.
People who primarily use exchanges like Binance or FTX, often keep a secondary exchange like KuCoin Exchange on hand to pick up gems of new altcoins that can’t be found anywhere else.
KuCoin Exchange is the next-generation cryptocurrency exchange, featuring a full spectrum of trading pairs in digital currency and derivatives. The company was founded in 2017 and didn’t waste any time rising to the top as one of the most innovative companies in the industry. KuCoin Exchange has always been at the forefront of innovation, providing traders with a secure and solid platform to execute their trades.
Anyone around the globe can use KuCoin Exchange, and KuCoin Exchange offers its services in nearly every country. To help customers from different countries, support 19 languages, including English and various European languages, both simplified and traditional Chinese, Hindi, and Arabic.
KuCoin Exchange Summary
|Regulation||Legally operating as a Digital Asset Exchange under Seychelles law and not regulated by any national licensing bodies.|
|Native Token||KuCoin Exchange Token (KCS)|
|Maker/Taker Fees||Highest: 0.08%/ 0.08%|
Lowest: 0.00%/ 0.04%
|KYC/AML||Users will need to KYC for higher-volume trading|
|Deposit/Withdrawal Methods||Fast Buy supports 75+ payment methods through various third-party integrations.|
Debit/Credit card, SEPA Bank Transfer, P2P, Apple Pay, Banxa.
|Fiat Currency Support||45+ Currencies supported|
|Spot Cryptocurrencies Listed||650+|
KuCoin Exchange Margin
One of the biggest benefits of trading with KuCoin Exchange is margin trading. It’s not available at Coinbase or Kraken, but it is with KuCoin Exchange. When you trade on their site, you have access to up to 10x leverage for spot trading and up to 100x for futures.
Traders can choose to go long or short on over 100 different currency pairs, which are identified by a green ‘10x’ sign next to the pair.
Although futures and margin trading involve activities that may be risky, they both come with a reward. Traders will need to enable margin trading and agree to the KuCoin Exchange terms and conditions before initiating a margin trade.
KuCoin Exchange Future
KuCoin Exchange first introduced its futures trading platform, KuMEX, in mid-2019. Later, they rebranded it to KuCoin Exchange Futures to stay within the company’s branding. The site supports a number of crypto contracts with high leverage as 100X, including Bitcoin, Ethereum, Cardano, Binance Coin, and many others.
Futures trading is not always free, and this is because it provides a more powerful trading interface than the standard KuCoin Exchange platform. In addition to this, you can also trade over 50 perpetual futures contracts for an impressive variety of coins and tokens.
KuCoin Exchange Futures is a futures contract that calculates its underlying spot price by taking an average of the weighted prices from other exchanges like Coinbase Pro, Bitstamp and Kraken.
Passive Income With KuCoin Exchange
KuCoin Exchange offers many different ways to earn passive income. You can get rewarded for lending your coins, staking them, using their Spotlight launch platform, earning with their KuCoin Exchange Pool, mining with their cloud mining service, or holding the KCS tokens you’ve been given on the exchange.
KuCoin Exchange’s Earn program is robust in comparison with competitors and a definite strength for the company when compared to other exchanges. Let’s look at each different way to earn money on KuCoin Exchange.
KuCoin Exchange Spotlight
KuCoin Exchange Spotlight is a user-friendly, curated token launchpad that lets you earn bonus tokens for committing KuCoin Exchange’s KCS token to new projects.
In other words, it’s similar to Binance Launchpad and DeFi Launchpads, which do the same thing but with another type of coin.
This is one of our most popular features that KCS-holders love as it doesn’t require them to do anything but find a project under the “spotlight” and subscribe to it.
At the end of the Spotlight period, users who have subscribed will receive a proportionate number of tokens from the project they subscribed to.
Launchpads are a great way of making money, especially if you’re someone without any investing experience. That’s because they allow average users to buy tokens at huge discounts that were traditionally only available to venture capitalists and financial firms with lots of money.
To be eligible for our upcoming Spotlight events, you must have a minimum of KCS tokens held. This information will be outlined, kindly click on the event banner, and You can also learn more here.
KuCoin Exchange Bonus
Another way to earn passive income on KuCoin Exchange is the KCS Bonus Plan.
This unique incentive mechanism lets qualified KCS token holders earn passive daily income.
How do you earn income with KuCoin Exchange? Basically, all you need is at least 6 KCS tokens and then you’ll be earning an estimated 3-30% APR in KCS tokens.
The KCS bonus will be calculated and paid out daily, and all you have to do is hold a KCS balance in either your main, trading, or margin account. This offer excludes token balances from the KuCoin Exchange Earn program.
Generally speaking, this rule applies to all cryptocurrencies. Before you invest in a token with passive income potential, it’s important to do your research and be sure that you’re confident about the coin and the project’s long-term price appreciation.
KuCoin Exchange Earn
KuCoin Exchange Earn provides you with the opportunity to earn stable profits with professional asset management. The team calls it a one-stop platform for all your wealth management needs.
We love the variety of staking APYs on 60 different assets, with a lot in the 20-60% range. There are also different lockup periods for flexibility and security to meet your needs.
When users pick up some DOT or KSM tokens, they’ll have the chance to lock them into an auction for a project that interests them. If their favorite project wins the auction and is added to a DOT or KSM Parachain slot, the user who supported it will receive back their tokens along with the new platform’s native token. Losing auctions will result in our user simply receiving their DOT or KSM tokens back.
KuCoin Exchange Lend
This peer-to-peer crypto lending program lets users earn interest on their digital assets by lending them to margin traders who are looking for capital for their trades. Currently, there are over 50 different cryptocurrencies that are available for lending, and the annualized interest rates range from 7.56% to 12.93%.
The lender can choose to have funds automatically lent out as soon as they’re available again after the end of each term. This is a truly passive touch and will give you more time to pursue your other interests.
KuCoin Exchange Fast Buy
Fast Buy on KuCoin Exchange is the easiest way to spend your crypto. It’s more like a broker than an exchange, and users can purchase BTC, ETH, and USDT for low fees. If you want to get started quickly and easily, this is the option for you.
KuCoin Exchange offers over 70+ different payment methods. They charge a small fee for this convenience, which is automatically deducted from your payment. I couldn’t find any figures about these fees, but KuCoin Exchange states: “KuCoin Exchange will deduct transaction fees from your payment. Refer to the order confirmation page for specific fees”.
KuCoin Exchange P2P Trading
Another great service on KuCoin Exchange is the P2P marketplace. It allows users to trade with others off the exchange. Users can buy and sell BTC, ETH, USDT, KCS, and USDC tokens in the marketplace.
The major downside to a P2P marketplace is that users are required to complete KYC verification on their KuCoin Exchange account before using it. This means that the privacy aspect of a P2P marketplace is removed. It may be possible that we see so few orders posted there because users can’t maintain their anonymity.
KuCoin Exchange KYC And Account Verification
KuCoin Exchange is the last major exchange that allows you to trade without KYC. Unfortunately, the trading capacity for unverified accounts is quite limited. Like other exchanges, KuCoin Exchange requires KYC and account verification for account holders looking to trade larger amounts of crypto.
KuCoin Exchange Deposit and Withdrawal
One of the most heavily criticized and debated aspects of KuCoin Exchange is its deposit and withdrawal methods. Though it was one of the earliest exchanges to offer fiat currency converting, the process is through third-party platforms that charge pretty hefty fees between 1% and 6%.
Crypto purchases and fiat deposits can be made via your Debit Card/Credit Card, SEPA Bank Transfer, EPS, Apple Pay etc. These providers include Simplex, Banxa, and BTC Direct.
KuCoin Exchange App
With over 100,000 reviews and an average rating of 4.4 in the Google Play Store, this app has gained quite a following. With more than 15,000 reviews and an average rating of 4.5 on the Apple App Store, it’s clear that customers love this app with every update they provide.
The team at KuCoin Exchange has done a great job with the user experience and user interface of the platform. It’s easy to use, navigation is intuitive and menus are simple enough to find your way around without effort. I would have thought that because it’s such a feature-filled platform, it would be hard for them to cram everything into an app and make it easy to use, but KuCoin Exchange really exceeded my expectations on this front.
There are a lot of great things about KuCoin Exchange, and it is definitely one of the top exchanges in the world. If you are looking for a robust, feature-rich crypto trading exchange, then KuCoin Exchange is definitely worth considering.
All in all, KuCoin Exchange is a great option for those looking for an altcoin-focused exchange with a large selection of coins. The main downside is the lack of fiat currency support, but if you’re looking to trade crypto-to-crypto, KuCoin Exchange is definitely worth considering.
Frequently Asked Questions
Is KuCoin a safe exchange?
Yes, KuCoin is a safe and secure exchange. They use advanced technology to keep your funds safe and they offer 24/7 customer support in case you have any questions or concerns.
Is KuCoin a good exchange?
While we cannot speak for all exchanges, KuCoin is a leading cryptocurrency exchange with high-quality stability and advanced technology. Plus, they offer the following key features and strengths: * Mobile app * High liquidity * Deep market coverage* Low transaction fees * International support