KuCoin Review: What You Need To Know

kucoin review

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Key takeaways

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Best for:

Name

Core Services

Available Cryptocurrencies

Fiat Gateway

Deposit Options

Deposit Fees

Trading Fees

Withdrawal Fees

Leveraged Margin

Mobile App

KuCoin (Mek Global Limited)

593

48 including USD, AUD, JPY, SGD, CAD, GBP, and SEK.

Up to 100x

An Overview of KuCoin

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Advantages & Limitations

Top Features You Should Know

Wide Range Of Digital Currencies

KuCoin allows its customers to buy, trade, and sell 593 digital currencies, over 400 unique trading pairs, and more than 1,100 markets. KuCoin offers all the major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Litecoin (LTC) as well as more exotic coins. The abundance of corresponding trading pairs and markets makes KuCoin a highly attractive platform to trade altcoins.

In 2017, the exchange launched its native coin, KuCoin Shares (KCS). There is a maximum of 200,000,000 KCS in circulating supply, however, the majority was given to its founders and investors. Like the native coins and tokens of other major crypto exchanges, users who hold KCS may be entitled to receive benefits including trading discounts, lower trading fees, and increased affiliate commissions.

Buy Crypto Fast With Your Local Currency

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Futures & Leveraged Token Trading

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KuCoin Trading Bot

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Peer-To-Peer Crypto Trading

KuCoin features a built-in Peer-To-Peer (P2P)

kucoin P2P

Lend Or Borrow Crypto

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Stake To Earn Rewards

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kucoin staking

Competitions, Raffles & Rewards

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KCS Bonuses

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Earn Up To 45% Affiliate Commissions

The KuCoin affiliate program is one of the best in the crypto industry. Users who complete account verification will be able to share a unique affiliate code with friends and family. KuCoin affiliates will earn a 40% return on the trading fees incurred by the invitee who uses the link and trades with KuCoin. If the affiliate level reaches Level 2, then commissions will increase to a very attractive 45%.

Is KuCoin A Legitimate Exchange?

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KuCoin Security Measures

KuCoin employs a range of security measures to protect the integrity of its digital infrastructure, data usage, and customer assets and funds. The exchange platform possesses bank-like encryption and security features as well as risk control procedures and policies to mitigate against internal human error.

In April 2020, KuCoin announced a strategic partnership with OnChain Custodian, a Singaporean-based cryptocurrency asset custody platform. The partnership provides KuCoin customers with the utmost confidence that their funds and assets would be protected at the highest level. All funds held in OnChain’s custody are also backed by Lockton, the world’s largest private insurance brokerage. 

At the account level, users will benefit from additional security features that can be set up to maximize security. These include Two-Factor Authentification (2FA), phone and email verifications, security questions, and restricted IP logins. 

How Do KuCoin Fees Compare?

Deposit & Withdrawal Fees

KuCoin charges a 1.8% fee to deposit fiat currencies using a Visa or Mastercard. Considering that most major cryptocurrency exchange platforms do not charge fees to deposit fiat currencies to fund account wallets, the fee is somewhat of an annoyance and maybe a barrier to entry. For example, if USD$1,000 is deposited then a $18 fee will be incurred.

KuCoin does not charge withdrawal fees. However, standard blockchain network fees will be incurred if users withdraw digital currencies to an external wallet or another cryptocurrency exchange or platform. 

Spot Trading Fees

Spot trading fees follow a tiered maker/taker structure which starts at 0.1% and 0.1%. Compared to other major crypto exchanges, KuCoin spot trading fees are relatively competitive however there are cheaper trading options out there including FTX (0.02% and 0.07%) and Huobi Global (0.04% and 0.05%). Users who satisfy one of the criteria shown in the table below will be eligible for discounts on their trading fees.

Level

0

1

2

3

4

5

12

Min. KCS Holdings Last 30 Days

0

1,000

10,000

20,000

30,000

40,000

150,000

Spot Trading Volume Last 30 Days (BTC)

<50

>50

>200

>500

>1,000

>2,000

>80,000

Futures Trading Volume Last 30 Days (BTC)

<100

>100

>400

>1,000

>2,000

>3,000

>160,000

Maker/Taker

0.1%/0.1%

0.09%/0.1%

0.07%/0.09%

0.05%/0.08%

0.03%/0.07%

0%/0.07%

-0.005%/0.025%

Futures Trading Fees

KuCoin’s futures trading fees are also based on a tiered maker/taker structure. Futures maker and taker fees start at 0.02% and 0.06%, respectively. KuCoin’s futures trading fees are competitive compared to other global cryptocurrency exchanges that offer derivatives trading.

Level

0

1

2

3

4

5

12

Min. KCS Holdings Last 30 Days

0

1,000

10,000

20,000

30,000

40,000

150,000

Spot Trading Volume Last 30 Days (BTC)

<50

>50

>200

>500

>1,000

>2,000

>80,000

Futures Trading Volume Last 30 Days (BTC)

<100

>100

>400

>1,000

>2,000

>3,000

>160,000

Maker/Taker

0.020%/0.06%

0.015%/0.06%

0.010%/0.06%

0.010%/0.05%

0.010%/0.05%

0%/0.04%

-0.015%/0.03%

Supported Countries

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Getting Started With KuCoin

Account Creation & Verification

Creating a KuCoin account is a simple and straightforward process that can be completed within 3 minutes. Since KuCoin adheres to Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, users will need to verify their identities. KuCoin accounts follow a tiered-based structure. Completing KYC processes will provide access to features including increased withdrawal limits of up to 200 BTC, leverage of up to 100x, and a daily fiat-to-crypto limit of USD$70,000.

Deposit Methods

KuCoin supported methods to fund an account wallet are limited to transfers of cryptocurrencies from an external wallet or exchange, and fiat deposits using Visa or Mastercard bank cards. For a major crypto exchange, the deposit method limitations are surprising and extra flexibility and support should be given to KuCoin customers.

KuCoin supports the deposit of a vast multiple of digital assets including Bitcoin (BTC), stablecoins (e.g. USDT and USDC), and altcoins (e.g. Ethereum and Cardano). Upon selecting the crypto to deposit, a KuCoin wallet address will be presented. Users should note that each crypto asset has a unique wallet address and the speed of transfer will be dependant on the business of the network.

Users who want to fund their account with their local fiat currency may do so using a bank card (Visa or Mastercard). KuCoin supports the depositing of 27 fiat currencies including USD, AUD, JPY, SGD, CAD, GBP, and THB. A hefty 1.8% fee will be incurred for deposits made using this method.

kucoin deposit

KuCoin User Experience

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Customer Support & Reviews

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Mobile App

biometric login fingerprint

KuCoin Alternatives

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Frequently Asked Questions

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Our Verdict

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