Werner Vermaak is a technical writer and blockchain consultant with an extensive 20-year marketing resume across Taiwan, the UK and South Africa. He came across Bitcoin and cryptocurrency in Taiwan during mid-2017 and has worked with several companies and projects in the areas of crypto security, regulations, custody and new fields such as DeFi, NFTs and Web 3.0 since. Werner has a business degree from Stellenbosch University and postgraduate qualifications in strategic marketing from the AAA School of Advertising. Werner enjoys geeking out on new technology and pondering the mass adoption of digital assets.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
What is KuCoin?
KuCoin is a Singapore-based cryptocurrency exchange distinguished by its rewards currency, KuCoin Token (KCS), and its wide range of cryptocurrencies.
It has a reputation as an early adopter, so buyers hoping to hold coins while they’re still cheap might want to consider KuCoin. On top of this, it offers a useful charting package, which is powered by the third-party TradingView system, to suit more focused crypto holders.
Its fees are also fairly competitive and lower than many other exchanges.
Which fiat and cryptocurrencies are supported?
Supported fiat currencies:
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more
Approximately 565 cryptocurrencies
KuCoin offers users the unique chance to hold the platform’s own native cryptocurrency, KuCoin Tokens (KCS), which users can hold in order to receive discounts while trading as well as receive dividends from trading fees collected on the platform.
Anyone who owns at least 6 of these tokens is able to earn a daily bonus based on the specific number of tokens that are owned by the individual as well as the overall trading volume that occurs within the exchange. With the current trading volume, KuCoin pays out approximately 30% of all fee revenue from the platform daily.
Holders can also receive discounts of up to 20% when executing a trade when they utilise KCS as a payment method for trading fees.
What can I buy on KuCoin?
KuCoin offers a large range of altcoins, which can be traded with six different cryptocurrencies (called a trading pair), including BTC, ETH, NEO, USDT, BCH and KCS. You can find a full list of available coins on their website.
What are the fees?
There are no deposit fees other than what you might usually pay for transferring a certain currency. Trading fees are set at 0.1%, minus any discount you get from holding KCS.
Withdrawal fees vary by currency. Some are completely free, while others are fairly expensive.
Fees and limits
The fees below are accurate as of 5 December 2021.
Trading fee level
KuCoin offers multiple trading tiers, each with varying trading discounts.
Simply fulfil any of the 3 requirements (minimum KCS holding, spot trading volume or futures trading volume) to qualify:
Trading fee level
Min. KCS 30-day holding
Spot trading 30-day volume (BTC)
Futures trading 30-day volume (BTC)
Less than 50
Less than 100
Spot trading fees
Enjoy 20% discount on trading fees when you pay with KCS.
Trading fee level
Maker/Taker fee (If paying with KCS)
24-hour withdrawal limit (BTC)
Futures trading fees
Here are the futures trading fees for KuCoin, as of 5 December 2021:
Trading fee level
24-hour withdrawal limit (BTC)
How do I make a trade on KuCoin?
You can view the markets on KuCoin without registering for an account, but to actually make a trade, you will need to sign up and log in.
Visit KuCoin and sign up for an account. Make sure to go the extra step and set up two-factor authentication (2FA) right away. You can activate 2FA by going to Account > Google 2-Step.
Next, you’ll want to add some funds to your account to trade for altcoins. KuCoin hosts an impressive number of trading pairs, so you can use either BTC, ETH, NEO, USDT or BCH for trading.
To send coins, navigate to your wallet by clicking on Assets on the top banner. This shows all your available coin balances. Next, click Deposit. By default, it will show KuCoin Tokens. Click on the name to reveal the dropdown menu and select the coin you want to deposit.
Your deposit address and QR code will be revealed. Copy the deposit address into your withdrawal account exactly as it is written. Once you confirm the transfer, wait patiently for the funds to arrive in your KuCoin account. You should receive an email once they have been received.
Once your funds have arrived, navigate to Markets via the top banner menu. You will then need to select the currency you deposited, which will allow you to trade all altcoins paired with that coin. Click on the altcoin pair you wish to trade. For example, clicking on ZIL/BTC will allow you to trade BTC in return for ZIL.
Once you select the pair you wish to trade, you will be taken to a new screen which displays a chart with price over time, the order book (supply/demand), price data and trade history. The box in the bottom right corner will ask you to input your two-step verification code.
This box is where you can buy and sell your cryptocurrency. Use the green box on the left to input the price you wish to pay per unit of the coin then the total amount of coins you wish to purchase. To make things easier, there is a slider which you can adjust to spend a percentage of your spendable holdings. The box to the right allows you to follow the same process to sell a coin.
Once your trade has been lodged, you will need to wait until there is a corresponding buy/sell order. Once the trade has been matched, the coin will show up in your wallet immediately, which can be accessed via the Assets tab.
After you are done trading, you may keep your coins on KuCoin or move them to another wallet. As always, we recommend keeping your coins in a hard wallet to increase your safety and keep full control over your cryptocurrency. For those new to wallets, our essential guide can be found here.
Is KuCoin safe to use?
Verification process. KuCoin KYC consists of KYC1 (Basic Verification) and KYC2 (Advanced Verification). Upon completing the KYC processes, you’ll gain access to higher limits and better trading benefits.
Security features. To ensure secure trading, KuCoin requires 2-factor authentication for your KuCoin account through either mobile-binding and/or Google 2FA.
KuCoin has a comprehensive support centre that covers most of the common FAQs regarding its fees and services.
If you have any other enquiries, you may also contact the support team through:
Live chat. Available 24/7 on KuCoin’s website
Contact form. You may send your enquiry through KuCoin’s online form or drop an email at email@example.com
You should carefully consider the features of KuCoin before deciding whether it suits your needs. If you want to proceed, simply sign up for KuCoin with an email address and password, verify your email and then start trading by making a deposit from your wallet.
In a nutshell
Offers an exceptionally wide range of currencies
Is an early adopter of promising new coins
No verification required
Additional features and benefits offered by KCS
KuCoin sometimes experiences difficulties during high traffic periods
It’s based in Seychelles and thus may not comply with local regulations, depending on where you are based
No. There are no limits on any KuCoin transactions.
No. You can simply sign up and verify your email address then deposit cryptocurrencies to start trading.
Deposit and trade times may vary by currencies but shouldn’t take any longer than the usual transfer times for that currency.
Withdrawal times may vary depending on the amount. If your withdrawal amount is less than (fee x 100,000), it should be processed immediately. If it’s more than that, it might take some time.
Yes, although it’s typically safer to hold your coins in cold storage in a hardware wallet.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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