In just a few short years, KuCoin Exchange has established itself as a reliable and cost-efficient resource for cryptocurrency traders around the globe. Established in Hong Kong in 2017, KuCoin prides itself on being “the people’s exchange” and simple to use. With over $250 million in daily trade volume, the exchange has proven to be fast, safe, and reliable.
Read on for a full review of features and about fees, security, and other important details.
Fiat and Cryptocurrencies Supported
While KuCoin does not have any trading pairs that include fiat currencies, the exchange does have numerous pairs that include stable coins such as USDT. The exchange lists over 240 individual tokens and offers over 500 trading pairs available, WIth new tokens and pairs added regularly, beginners and experienced traders will find the options they seek.
The exchange also recently introduced KuCoin Plus. This is a priority listing of tokens/projects that have proven themselves in the marketplace. To be included, the token must be ranked in the Top 40 as listed on coinmarketcap.com. They also must pass various other volume and performance standards.
Payment Methods
KuCoin Exchange does not accept fiat currency of any kind. The only way to make a deposit into a KuCoin exchange account is to deposit cryptocurrency. The easiest way to accomplish this is to send Bitcoin or Ethereum to your new KuCoin account. If you are brand new to crypto trading and currently hold no digital assets, the simplest way to acquire BTC or ETH is purchase them on Coinbase with a debit card or bank account.
Fees and Limits
KuCoin’s trading fees are amongst the most competitive in the market. The trading fee for all pairs offered on the platform is only 0.1%. That is only $1 for every $1,000 traded. They also offer additional tiered discounts for large volume traders.
Deposit Fees
There are never any fees to make deposits into a KuCoin Exchange account. As noted above, no fiat currency is accepted, only cryptocurrencies.
Withdrawal Fees
On the KuCoin exchange, withdrawal fees are adjusted based on the overall performance of the cryptocurrency market. They maintain an updated listing of fees for each token listed. For mainstream cryptocurrencies like Bitcoin, their fees are extremely low. Presently their withdrawal fee for BTC is only 0.0005.
Limits
There are no limits on deposits or withdrawals on the KuCoin Exchange. Users can make as many deposits as needed with no limit on the amounts that can be deposited or withdrawn.
Funds Availability
When users make deposits into their KuCoin Exchange account those assets are available in your account as soon as the corresponding blockchain has verified the transaction.
KuCoin Exchange Functionality
Experienced users will find all the usual charting options and other advanced features they expect on a cryptocurrency trading exchange platform. New users will find the exchange functionality and the other website resources to be intuitive and simple to navigate.
Security
KuCoin has an unblemished record so far in protecting user accounts from being hacked and having digital assets stolen. They utilize the latest encryption protocols and technology to maintain security. The site also offers two-factor authentication for signing-in as well as all trading activities.
Customer Support
KuCoin utilizes ZenDesk to manage their support features. This includes a dedicated support center that includes searchable help articles, FAQ’s, and a Beginner’s Guide for getting started. The site also offers 24/7 support in the form of a chat feature, email support, and 800 phone number.
API Capabilities
KuCoin supports open API development allowing third-party developers to enhance user experiences and the site’s capabilities. SmartBotCoin.io utilizes this secure connectivity to the market data to give you powerful trading superpowers in a simple and straightforward manner.
Getting Started
Creating a new KuCoin Exchange account is extremely straightforward. All that is needed to complete the process is a valid email address and the creation of an account password. Once you verify your email address, the account set-up is complete and an initial deposit of cryptocurrency can be made,
Because the exchange does not handle any fiat currency transactions, they are not required to comply with KYC and AML regulations. This allows users to deposit, trade, and withdraw cryptocurrencies completely anonymously.
Our Final Take
KuCoin Exchange is a reliable place for all levels of users to trade cryptocurrencies in a secure, anonymous environment.
Pros
No Deposit Fees
Competitive Trading and Withdrawal Fees
Anonymous Trading
Ease of Use
Extensive Range of Trading Pairs
Cons
Does not Accept Fiat Currency Deposits
Limited Trading Volume on some Tokens
How to get more out of your KuCoin Exchange account:
Capfolio takes your cryptocurrency trading to the next level with advanced portfolio management and asset allocation capabilities. Advanced testing tools, manual and automated trading options, and the ability to build custom algorithms will help you maximize profit opportunities in the market.
Linking your KuCoin Exchange account with Capfolio is secure and can be completed in just a few simple steps detailed in the help article or video below.
Help article: Step-by-step instructions to link your KuCoin account