This article thoroughly explains the features (fees, transactions), good reputation, and reviews of KuCoin, a popular virtual currency exchange. KuCoin is a world-famous virtual currency exchange, and it can be said to be a huge exchange with over 8 million users. With a wide variety of virtual currencies, low fees, and unique tokens, it has become a very popular virtual currency transaction among users.
KuCoin basic information, company information
KuCoin is a virtual currency exchange established in Hong Kong in 2017. When you think of China, you can’t get rid of the suspicious impression, but we are currently moving our base to Seychelles, East Africa. Therefore, it can be said to be a very safe exchange. The number of currencies handled is over 600, and the maximum leverage is 100x, so the scale of the operating company is large. Because we are expanding globally, we are a top-class exchange and support languages such as English, Japanese, Spanish, and French. The base currency is BTC (Bitcoin).
| Operating company | KuCoin |
| number of virtual currencies | 600～ |
| transaction fees | Maker fee: 0.1% Taker fee: 0.1% Deposit and withdrawal fees: Free |
| maximum leverage | 100 |
| Minimum transaction amount | 1$〜 |
| Bonus campaign | 〇 |
| Deposit and withdrawal methods | Bank cards and accounts, cryptocurrency and electronic wallets |
| Language | 日本語 English Русский 한국어 Português Nederlands 中文繁體 Deutsch Français Español Tiếng Việt Türkçe Italiano Bahasa Melayu Bahasa Indonesia हिंदी ไทย العربية বাংলা Polski Filipino اردو |
have a financial license
KuCoin was fined by the Seychelles Financial Services Authority, FSA, for operating without a license. Since then, KuCoin has firmly obtained the FSA license and is therefore regulated. Therefore, it can be said that it is very safe and reliable. Trader client assets are now fully protected, of course. KuCoin has established an audit department and is focusing on security.
Huge amount of hacking in the past
KuCoin was hacked in 2020, resulting in an incident in which 200 million dollars of funds were illegally leaked. Although we were hacked, we have responded quickly and strengthened our security system, making it extremely safe to use. Two-factor authentication is always required for registered users. Funds are securely managed on the wallet page.
The number of users is large worldwide
The following is a quote from TradersUnion, a review site for major overseas virtual currency exchanges. Users are mainly from the United States and India, but there are also many from Japan and Canada. In addition, there are many users in Mexico and Venezuela in Central and South America.
Source : TradersUnion
About the features, advantages, and disadvantages of KuCoin
We have summarized the features, advantages, and disadvantages of KuCoin, so we hope you will find it helpful. The content is very rich. If you are a first-time user, we recommend that you consider the following points before starting your decision. Please check the news for details as some services have been suspended in some areas.
Wide variety of coins available
KuCoin’s biggest strength is the number of coins it handles. Officially, we handle over 600 listed coins, and you can also invest in unknown altcoins that have a promising future. This number of coins is the third after MEXC and Gate.io. Metaverse stocks have been attracting a lot of attention recently. In addition to the major stocks Bitcoin, there are also Ethereum (ETH), Ripple (XRP), and Tether (USDT).
Very low fees
KuCoin’s strength is that the fees are very low. Taker and maker fees are both 0.1%, which is a great deal. The fees are similar on Binance, but as explained above, KuCoin is overwhelmingly superior in terms of the number of coins.
Rich security settings
As explained above, KuCoin has had hacking incidents in the past, resulting in users’ cryptocurrency assets being stolen. Make sure you have proper security settings to prevent unauthorized access. There are three security settings, and you can set Google authentication, transaction password, and anti-phishing code. It is also recommended that you complete KYC to verify your identity when opening an account. If you do not verify your identity first, withdrawal restrictions will apply and there will be a daily withdrawal amount limit.
Google Authenticator
Google Authenticator authentication is an easy-to-use two-factor authentication system that has been introduced at other exchanges. When enabled, it becomes a security measure that adds an authentication code in addition to the email address and password, and most virtual currency users use this.
transaction password
KuCoin has a special security measure called transaction password. A transaction password is a 6-digit password that is required when making a trade or withdrawal, and by setting this when making a withdrawal, you can prevent unauthorized leakage.
anti-phishing code
The anti-phishing code is a code that prevents you from accessing phishing sites and phishing emails that are also introduced by other exchanges. If you enter any characters in your account, those characters will be displayed when you log in or receive an email. This allows you to spot fraudulent sites.
smartphone app
KuCoin does not mean that you can trade only with a web browser. It can also be operated using a smartphone app. It is a very useful feature that can be downloaded for both iOS and Android, and can be used on both PC versions. Once you register as a member, you can download and install the app for free.
Unique token KCS
KuCoin has its own token KCS. The total issued amount is 200 million, and if the value of the unique token is high, trust in the exchange will increase and the trading volume will increase. Since KCS performs regular burns every quarter, the supply amount is also adjusted.
Campaign benefits
KuCoin offers bonuses and campaigns that you can earn. Users who hold KCS can receive discounts on transaction fees and dividends. KCS holders will receive daily rewards. The more KCS you have, the bigger the reward will be. You must have 6KCS or more to receive the bonus. This will increase the value of KCS, which is very appreciated from the exchange’s perspective. You can also participate in events.
Many languages supported
KuCoin has users all over the world, including America, Europe, Asia, Africa, and South America, so it is characterized by a relatively large number of supported languages. We have a wide variety of language support, so you can trade with confidence no matter what country you are from. If you wish, you can easily receive support using a dedicated form.
Many trading methods
KuCoin supports not only spot trading and futures trading, but also liquidity mining, staking orders, and lending, allowing investors to trade the entire amount using various trading methods. As long as you do not engage in any fraudulent activity as stipulated in the Terms of Use, there is no problem with scalping, trading, automatic trading, etc. Contract rejection will not occur. You can easily trade with just a click, so check the chart first.
Many deposit and withdrawal methods
KuCoin has many deposit and withdrawal methods. We recommend making a deposit on the official website as it supports bank transfers in legal currencies (USD, EUR, GBP, TRY, RUB, BRL), P2P transactions, and even virtual currency transfers. There is also Fast Buy, which allows you to purchase virtual currency via credit card. Virtual currency remittances can be easily made by scanning the address with a QR code and confirming your selection. Withdrawals may take several hours depending on network conditions.
What are the reviews on KuCoin?
If you research KuCoin’s reviews, the reality is that they are divided into two, with some being good and some being bad. Here are some quotes from TradersUnion, a major review site. The virtual currency market is large and there are many exchanges, so choose one where you can use it and make a profit.
KuCoin is a great crypto exchange for trading. I have been trading here for more than a year and have no complaints about functionality or technical issues. The exchange has its own proprietary terminal. It is a quite standard terminal with the availability of charts for selected assets with different types of indicators. Conveniently, individual segments are disabled and moved, as a result, the terminal can be fine-tuned for each trader.
The fees are from 0%. In general, the commission system here is very flexible and the platform fees depend primarily on the user’s trading volume over the past 30 days. Plus, you need to consider the type of asset at stake. It sounds complicated, but there is a table on the site where everything is crystal clear and conveniently distributed according to the soi-disant trading fee levels.
Source : TradersUnion
I got acquainted with the KuCoin crypto exchange approximately two months ago. Now I trade here only using mainly Bitcoin and Tezer, but there are tons of cryptocurrencies and tokens available. The volume of transactions are huge and there is always a more profitable option to buy or sell, but you need to correctly track the entry points to each transaction.
The platform’s functionality is standard for crypto exchanges. Long story short, there are basic indicators with standard analytics, but this is not enough for professional trading. The shoulder up to x100 is a mind-breaker. If you correctly correlate the risks and calculate the moves, you can get an impressive income. Few crypto exchanges provide such leverage.
There is Pool-X for striking, but from my perspective, if you don’t have a knack for it don’t try it. The referral affiliate program is standard, if you actively communicate in the network niche, you can get astonishing bonuses. In addition to the affiliate program, there are no passive income options, but for me, this is not a problem.
Source : TradersUnion
I did not start my acquaintance with crypto trading here, but the KuCoin guides showed me the ropes of how to trade cryptocurrencies risk-free from the outset. These are not the most extensive courses, but they provide structured basic knowledge. At the same time, the terminal of the exchange is as intuitive as possible and it’s a joy for me to trade here. The fees are also very suitable. The more you trade, the lower the fee. Some trading pairs have pre-set fees, but the information on the transaction contains all of this, so everything is transparent. The on-site FAQs are quite detailed and if you have any questions you can always contact technical support. They work 24/7. I checked them and they will promptly help you.
I recommend this exchange to novice crypto traders. I think it is also suitable for professionals because it’s not a joke that they have a huge number of deals! The trading volumes are huge, the liquidity is high, and the exchange is in demand.
Source : TradersUnion
The first thing I pay attention to is the working hours of the crypto exchange. KuCoin has been operating since 2013, and this is quite a long time, so the company aroused my confidence. But to say that KuCoin is somehow very different from the competition and seems like a better option? I don’t have that. Some users are attracted by the number of instruments, others by competitions within the exchange or leverage up to 1:100. But for me, high-quality analytics and the ability to delve into the market are much more important. Well, with KuCoin it didn’t work out for me. The functionality of their own platform is good for beginners and not too fastidious traders, it is basic. I was not hooked, but I can’t say anything bad about this exchange either.
Source : TradersUnion
If you trade cryptocurrencies, then definitely not here. They made a name for themselves earlier, but the trade has deteriorated, only the name remains, but this is catastrophically small!
Source : TradersUnion
Another exchange that will eventually scam or be hacked, everything is clear with it. More than once I was given an error when entering the site. There are already the first calls. I withdraw money, and I advise you.
Source : TradersUnion
Bad exchange, with high trading fees. I do not recommend even starting trading on KuCoin. I would give her a much lower place in the ranking, given the quality of the services she provides!
Source : TradersUnion
The KuCoin Exchange also came to me. I have been trading on this platform since 2018 and as far as I know, the launch took place not much earlier than that. The functionality and technical parts are flawless. The terminal is standard, and I did not notice anything abnormal here. If we talk about exchange fees, the system of their formation is very flexible and, in many respects, everything depends on the type of asset and your trading volume. For example, if you trade as a taker from 100 BTC per month, then the trading fee is up to 0.015%; and with a lower volume, it is 0.02%. Naturally, makers have their own commissions.
Source : TradersUnion
How to open a KuCoin account
You can start opening a KuCoin account by clicking the button below. Please be sure to have your phone number or email ready. You can set a password optionally.
You can change the language using the button at the top right of the screen, so please refer to it. It is recommended that you complete KYC to verify your identity when opening an account. There have been hacking incidents in the past, so let’s set up the target account to avoid becoming a victim. It is now a highly secure exchange comparable to Binance.
Source kucoin
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