What is KuCoin ?
Launched a recently as 2017, KuCoin is a cryptocurrency exchange that besides offers third-party brokerage house services. Although the chopine has just three years of trade history, it is now one of the largest cryptocurrency exchanges in the quad. One of the main reasons for this is that you will find over 200 coins with about 450 cryptocurrency pairs hosted at the central. not alone does this include major pairs like BTC/USDT and ETH/USDT, but heaps of crypto-cross pairs. Best of all, if you have an appetite to trade a less liquid ERC-20 nominal, chances are you will find it at KuCoin. 
KuCoin was initially a cryptocurrency-only platform, meaning that you could not deposit funds with decree currentness. however, the platform has since formed a partnership with Simplex – a european payment supplier that bridges the gap between cryptocurrencies and casual money. When it comes to cryptocurrency trade fees, KuCoin charges just 0.10 %. This puts it on par with the likes of Binance. similarly, KuCoin is besides behind its own digital keepsake – KuCoin Shares ( KCS ). By owning and storing KCS tokens, you will benefit from discounted trade fees, deoxyadenosine monophosphate well as an entitlement to a share of the trade commissions that KuCoin collects. In terms of the numbers, KuCoin claims to have facilitated more than 650 million person trades since its origin in 2017. This translates to more than $ 71 billion in roll up trade volumes. ultimately – and as we cover in more detail further down, KuCoin is not regulated by a national license body. Although this means that you will be able to trade cryptocurrencies without supplying any ID, this won ’ thyroxine be the case if you wish to buy digital coins with a debit/credit tease through Simplex .
What can you Trade at KuCoin ?
KuCoin offers a huge crop of fiscal instruments that goes above and beyond just crypto-to-crypto pairs. On the contrary, the platform besides offers cryptocurrency indexes, gross profit trade, and even futures. Let ’ s explore each asset class in more detail .
Crypto-to-Crypto Pairs
Each and every trade match at KuCoin falls within the postpone of crypto-to-crypto, not least because it does not offer any fiat-denominated instruments. alternatively, you will need to trade your choose cryptocurrency against the USDT if you want access to the crypto-to-USD space. If you ’ re a seasoned cryptocurrency trader then you will know first hand that this is industry criterion anyhow, so you ’ ll have no issues with trade volumes or liquid. Outside of USDT, you can trade crypto-cross pairs. Examples of this include BTC/ETH, ETH/XRP, and BSC/BTC. ultimately, listing each and every deal digital currentness is beyond the remit of this revue, albeit, rest assured that the chopine hosts more than 450 pairs. 
crucially, KuCoin is often one of the very first exchanges that newly launched cryptocurrency keepsake projects opt for. As such, back for less liquid digital tokens is something that the team at KuCoin actively look to facilitate. For a full breakdown of each and every pair that KuCoin hosts, you can find this information here at CoinMarketCap .
KuCoin Indexes
On top of traditional crypto-cross pairs, KuCoin besides offers a phone number of indexes. The concept here is that KuCoin will take the slant average of a specific cryptocurrency across respective leading exchanges. This is with the view of offering a more accurate price of the coin in interview, as it takes into bill the variations that you frequently find between competing platforms. KuCoin indexes are available across :
- Bitcoin
- Ethereum
- Ripple
- Litecoin
The cryptocurrency exchanges that KuCoin derives its pricing activity from are :
- Coinbase
- Bitstamp
- Kraken
- Gemini
- Bittrex
- Liquid
The price of each index is denominated in USD, but settled in the respective cryptocurrency .
KuCoin Futures
Launched in mid-2019, the KuCoin Mercantile Exchange allows you to trade Bitcoin futures. KuCoin itself notes that it is looking to challenge the likes of BitMEX in this detail area of the cryptocurrency derived function distance. As a result, you will have entree to Bitcoin futures alongside a hearty margin position of up to 100x. In simple terms, this means that a $ 100 account libra would permit a maximum barter measure of $ 10,000. When it comes to the underlying point price, KuCoin once again takes the burden average from diverse leading exchanges – such as Kraken, Coinbase Pro, and Bitstamp. 
At the prison term of spell, KuCoin merely supports BTC and ETH futures, although it hopes to add promote digital currencies in the approach future. When it comes to fees, expect to pay 0.060 % as a market taker, and 0.020 % as a godhead. There are besides settlement fees of 0.025 % .
trade Fees and Commissions
first and foremost, there are no fees associated with cryptocurrency deposits, and withdrawals are charged at the standard mining rate as per the mint you are looking to cash out. When it comes to trade fees outside of the futures arena, you will pay 0.1 %. This means that a $ 10,000 trade would cost you $ 10 in fees. As we briefly mentioned earlier, this sits in-line with mate exchange counterpart Binance .
KuCoin Shares ( KCS )
KuCoin Shares – or plainly KCS, is a proprietorship cryptocurrency token created by the exchange. By owning and holding KCS tokens you will be accustomed to a count of benefits. This includes :
Discounted deal Fees
One of the most noteworthy benefits of holding KuCoin Shares is that you will get discounted trade fees. Crucially, while a standard fee of 0.1 % is industry-leading, you stand the potential to reduce this by an extra 20 %. What you need to do is to plainly turn on the KCS Pay Fee button and enjoy the deduction .
Dividends
On acme of reducing your trade commissions, holding an allotment of KuCoin Shares affords you the opportunity to earn dividends. In a nutshell, KuCoin as a chopine will distribute 50 % of the trade commissions that it collects from members each and every day. This is then distributed proportionately across all holders of KuCoin Shares. For exercise, let ’ s suppose that you hold 1 % of the entire KCS supply. If the chopine pays out $ 250,000 in commissions, you would receive $ 2,500. You need to hold at least 6 KCS to benefit from the dividends .
Price History and Buying KuCoin Shares
To say the value of KuCoin Shares has capitulated since its all-time highs of January 2018 would be an understatement. At a peak of over $ 20 each, you can now obtain the very lapp tokens for less than $ 1 in mid-2020. however, if you do want to get your hands on KuCoin Shares you can do this by exchanging them at the chopine for an option cryptocurrency like Bitcoin or Ethereum .
Fiat Currency Facilities at KuCoin
As the end of 2018, KuCoin has since formed a partnership with European-based payment provider Simplex. The partnership ensures that users from over 100 countries can now deposit real-world funds with a debit or citation card. This is ideal if you are looking to trade cryptocurrencies, futures at KuCoin but you do not have any digital currencies available to you. alternatively, you can just enter your debit/credit tease details and get cash directly into the platform. 
With that being said, it is crucial to note that the fees associated with this are not cheap. Although the occasional promotion is offered on deposit fees, this will cost you a whopping 2.5 – 3.5 % ( with a $ 10 minimum ). This means that a $ 1000 debit/credit card depository would cost you $ 25 in fees. It is noticed that this is slenderly cheaper than the likes of Coinbase, which charges 3.99 % ( with respective minimums in place ). besides, KuCoin is developing an OTC trade Desk, on which all users could buy and sell major coins like BTC, USDT, PAX without any tip. The OTC platform presently supports USD, CAD, CNY, IDR and VND .
trade Platforms
KuCoin offers a proprietary trade platform that was built from the ground-up. There is no necessity to download or install any software to your desktop device, as the KuCoin trade stadium can be accessed through your standard web browser. The platform is potentially suited to both newcomer investors and temper traders. The reason we say this is that while the platform is super-clean and easy to navigate through, there are heaps of advanced tools available at your disposal. In fact, you have the ability to fully customize your KuCoin trade riddle however you see fit. 
When it comes to trading volumes and the handiness of liquidity, you should have no concerns at all when trade more popular pairs. You might, however, find that volumes are first gear on less fluent pairs – particularly those involving ERC-20 tokens .
mobile trade
If you have a tendency to buy, sell, and trade cryptocurrencies on the act, then you might be interest in the KuCoin mobile trade app. The application is available to download on io and Android devices. You will have access to most report features on the app, such as placing orders, checking the respect of your portfolio, and depositing and withdrawing funds .
How long do Withdrawals Take at KuCoin ?
In the huge majority of cases, KuCoin will process your withdrawals within 30 minutes of receiving the request. The chopine notes that this is automated, and that manual authority is entirely needed if the size of your deposit is larger than 100,000 times that of the handling tip ( mining fee ). once the funds leave KuCoin, they will be transferred to the cryptocurrency wallet address of your choose. Make certain that the address is valid, as there is nothing that KuCoin can do if you make an error ! 
gain Interest at KuCoin
An extra feature available at KuCoin is that of its lend program. In its most basic form, you stand the find of earning pastime on your digital currentness holdings by loaning it out. The main concept is that the tokens will be used to help fund margin accounts. For case, let ’ s presuppose that a KuCoin trader decides to apply leverage of 10x on an order. For each day that the position is keep open nightlong, the trader would need to pay interest. This is because they are trading with more than they have in their account and thus – this comes at a cost. 
With that said, KuCoin has opened its doors to everyday investors by giving you the opportunity to fund margin positions. This is available on several coins – including USDT, Bitcoin, Ethereum, Litecoin, EOS, and many more. In terms of the specific pastime rate, this will vary from coin to coin. As an exemplar, by lending out Bitcoin for 28 days, you could be earning an annualized interest rate of 4.83 %. If this is something that you are concern in exploring, KuCoin offers a profit appraisal calculator. You just need to specify how much you are will to lend out, on what digital currency, and for what length of time – and the calculator will advise you how much you can earn. It is important to remember that although the rates of interest on offer are super-competitive, you must consider the risks associated with this. After all, KuCoin is not a regulated cryptocurrency switch over so you must factor this into your risk vs advantage model.
Read more: Could These Altcoins Be Ethereum Killers?
Is KuCoin Safe ?
As is the case with all cryptocurrency exchanges, it is crucial that you are able to ascertain whether or not KuCoin is safe. not only does this include the platform ’ second regulative stand, but its home and external security practices, besides. Let ’ s break these metrics down in more detail .
regulation
In a nutshell, KuCoin is not regulated by any national license bodies. This international relations and security network ’ t a major surprise in the cryptocurrency exchange stadium, as lots of platforms choose to operate without a license. Whether or not you feel comfortable trade at an unregulated exchange depends on what side of the fence you sit on. For example, if you are the type of trader that prefers to buy and sell cryptocurrency pairs in an anonymous nature, then there is every chance that a platform like KuCoin is suitable for your needs. At the other end of the spectrum, if you are the type of trader that demands a regulative safe-conduct of some sort, then KuCoin might not suffice .
KYC
As noted above, KuCoin is not required to ask you for any personal data – nor will they demand sensitive identity documents. however, the one exception to this predominate is if you plan to deposit funds with a debit or credit menu through the Simplex consolidation. In fact, in regulate to remain compliant with all relevant laws surrounding anti-money laundering, you will need to upload a imitate of your government-issued ID ( recommendation or driver ’ randomness license ). This is barely the nature of the game when using decree currency at a crypto-exchange .
KuCoin Security Practices
In terms of inner security practices, KuCoin claims to run institutional-grade systems that ensures it keeps crime aside from the platform. This is fully supported by a commitment to cold storage. Although the demand percentage is not specified by KuCoin, it is claimed that the huge bulk of node funds are held offline. The remainder is kept in hot wallets to ensure the platform is able to meet its extend of near-instant and automated withdrawals. To date, there have been no publications of KuCoin encountering a major hack of any classify, which is an excellent sign. With that said, you constantly need to ensure you understand the risks of a potential external hack, as your funds are being stored in wallets that you do not personally control. besides, it is deserving noting that in April 2020, KuCoin completed a strategic cooperation with Onchain Custodian, Singapore ’ s crypto asset hands platform. Onchain Custodian will offer custody service for the guardianship of KuCoin crypto assets. The custodial funds will be backed by Lockton, the universe ’ south largest private indemnity brokerage company. This is believed to further enhance the exchange ’ s security system level .
2FA
Best of all, KuCoin allows you to install two-factor authentication ( 2FA ) on your account. This means that a unique code will be sent to your mobile device whenever you wish to perform key account functions. This includes logging into your bill and making a secession request .
KuCoin Customer Support
When it comes to customer serve, the team at KuCoin provides an around the clock corroborate team that operates 24 hours per day – 7 days per week. You can send the team an electronic mail, albeit, if you need instantaneous one-on-one support you are estimable advised to use the exist chew the fat facility. 
opinion on this is reasonably interracial in the public world. With some users reporting connection times in the seconds, others have noted that waiting times are beyond acceptable. With that said, it all depends on how busy the team is at the time of the request. There is no call hold service offered .
How to get Started at KuCoin
Like the audio of KuCoin and think the platform is desirable for your long-run trade needs ? If sol, we are now going to show you what you need to do to get started with a trade account today .
step 1 : Open an score
To get the ball peal, head over to the KuCoin home page and snap on the ‘ Sign Up ’ button at the top of the screen door. You will then be prompted to enter your e-mail address and to choose a firm password. You will need to verify your electronic mail address before linking up 2FA via your mobile earphone. At this stage of the registration march, you will not be asked for any personal information. 
step 2 : situate Funds
once you have opened your KuCoin account you will then be promoted to deposit some funds. In this respect, you have two options. If you already possess a digital token, you can deposit this straight into KuCoin. Simply head over to the sediment page and search for the respective mint. then, click on the deposit tab to reveal your singular wallet savoir-faire for that particular cryptocurrency. Copy the address to your clipboard, head over to your private wallet, specify the number of coins you wish to deposit, and confirm the transaction. Depending on the cryptocurrency you are depositing, it typically takes around 10-20 minutes for the funds to be credited into your KuCoin report .
Fiat Currency Deposit
If you do not have access to a digital currentness, you will need to deposit funds with your debit or credit calling card. Hover over the ‘ Buy Crypto ’ push button and then click on ‘ Buy with Credit Card ’. Follow the bit-by-bit instructions that are presented to you on screen. Crucially, you will be asked to verify your identity before you are able to use your debit/credit circuit board. The end-to-end summons is taken caution of by Simplex .
mistreat 3 : startle trading
ampere soon as your KuCoin account has been funded, you are fix to start trade. The specific trade sphere that you need will depend on the type of fiscal instrument you are looking to access. This is because KuCoin separates its cryptocurrency exchange and future derivative platforms .
KuCoin Review : The Verdict ?
In drumhead, it is clear to see why KuCoin is now one of the most popular cryptocurrency exchanges in the quad. not entirely does it give you access to over 450 cryptocurrency pairs, but you can besides trade crypto-specific indexes and Bitcoin futures. furthermore, standard trading fees amount to just 0.1 %, which you can reduce by an extra 20 % by paying fee with KuCoin Shares. We besides like the fact that you can now deposit funds with a debit or credit card, albeit, you will need to bypass a KYC procedure foremost. The main gripe that we have with KuCoin is that it is not a regulated entity. While this does mean that you can trade crypto-to-crypto pairs anonymously, your funds are never 100 % safe. On the pass side, reports about a KuCoin hack are so far to surface since its origin in 2017 – which is an excellent gestural. Visit Kucoin
Kucoin
9.2
Ease of Use
10.0/10
Reputation
9.0/10
Fees
9.0/10
Customer Support
9.0/10
Payment Methods
9.0/10
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Pros
- Transparent & Reasonable Fees
- Good Support
- Easy to Use
- Futures & Margin Trading
- Options for Earning
Cons
- Not Regulated
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