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KuCoin exchange review

Buy and sell hundreds of digital currencies on the KuCoin exchange.

KuCoin is a cryptocurrency exchange. Its defining features are an exceptionally wide range of cryptocurrencies plus a rewarding user-loyalty scheme based on its own native cryptocurrency.

Exchange hack: In September 2020 KuCoin was hacked and roughly US$150 million of cryptocurrency was stolen. KuCoin says the theft is covered by insurance, and affected users will be compensated.

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50

Fiat currencies

452

Cryptocurrencies

Details

Product Name KuCoin Cryptocurrency Exchange
Fiat Currencies USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more
Cryptocurrencies BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, TRX, NEO & 440+ more
Deposit Methods Cryptocurrency
PayPal
Wire transfer
Credit or Debit Card
SEPA
Trading Fee 0.1%
Deposit Fees None
Withdrawal Fees Fees vary
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
  • Supported cryptocurrencies: Approximately 451 cryptocurrencies

Which payment methods are accepted?

  • Cryptocurrency
  • PayPal
  • Wire transfer
  • Credit or Debit Card
  • SEPA
Go to KuCoin's website

What’s it like to use KuCoin?

Benefits of holding KuCoin Tokens

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 17 November 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 levelMin. KCS 30-day holdingSpot trading 30-day volume (BTC)Futures trading 30-day volume (BTC)
Level 00Less than 50Less than 100
Level 11,000≥ 50≥ 100
Level 210,000≥ 200≥ 400
Level 320,000≥ 500≥ 1,000
Level 430,000≥ 1,000≥ 2,000
Level 540,000≥ 2,000≥ 3,000
Level 650,000≥ 4,000≥ 6,000
Level 760,000≥ 8,000≥ 12,000
Level 870,000≥ 15,000≥ 20,000
Level 980,000≥ 25,000≥ 40,000
Level 1090,000≥ 40,000≥ 80,000
Level 11100,000≥ 60,000≥ 120,000
Level 12150,000≥ 80,000≥ 160,000

Spot trading fees

Enjoy 20% discount on trading fees when you pay with KCS.

Trading fee levelMaker/Taker feeMaker/Taker fee (If paying with KCS)24-hour withdrawal limit (BTC)
Level 00.1%/0.1%0.08%/0.08%200
Level 10.09%/0.1%0.072%/0.08%200
Level 20.07%/0.09%0.056%/0.072%200
Level 30.05%/0.08%0.04%/0.064%200
Level 40.03%/0.07%0.024%/0.056%200
Level 50%/0.07%0%/0.056%500
Level 60%/0.06%0%/0.048%500
Level 70%/0.05%0%/0.04%1,000
Level 8-0.005%/0.045%-0.005%/0.036%1,000
Level 9-0.005%/0.04%-0.005%/0.032%2,000
Level 10-0.005%/0.035%-0.005%/0.028%2,000
Level 11-0.005%/0.03%-0.005%/0.024%3,000
Level 12-0.005%/0.025%-0.005%/0.02%3,000

Futures trading fees

Here are the futures trading fees for KuCoin, as of 17 November 2021:

Trading fee levelMaker/Taker fee24-hour withdrawal limit (BTC)
Level 00.02%/0.06%200
Level 10.015%/0.06%200
Level 20.01%/0.06%200
Level 30.01%/0.05%200
Level 40.01%/0.04%200
Level 50%/0.04%500
Level 60%/0.038%500
Level 70%/0.035%1,000
Level 8-0.003%/0.032%1,000
Level 9-0.006%/0.03%2,000
Level 10-0.009%/0.03%2,000
Level 11-0.012%/0.03%3,000
Level 12-0.015%/0.03%3,000

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.

Customer support

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 support@kucoin.com

Next steps

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

Pros

  • 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

Cons

  • 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
Go to KuCoin's website
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