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ScandiCrypto » Crypto Exchanges » KuCoin Review

January 26, 2023 by Editorial Staff

KuCoin Review

KuCoin logo
4/5
Go to KuCoin
KuCoin
Name: KuCoin
Website: www.kucoin.com
Established: 2017
Headquarters: Singapore
Fiat to Crypto: Yes
Crypto to Crypto: Yes
Cryptocurrencies: 380+
Margin Trading: Yes

About KuCoin

KuCoin is a crypto exchange that has managed to establish itself as a prominent one-stop shop for all sorts of crypto services. Founded in August 2017, KuCoin currently lists more than 380 cryptocurrencies and has become one of the largest crypto hubs.

One of the benefits of KuCoin is its tendency to list small-cap cryptocurrencies with enormous upside potential in addition to the most popular cryptocurrencies. KuCoin also offers generous profit sharing incentives up to 90% of the trading fees, which goes back to the KuCoin community and KuCoin itself.

Trading on KuCoin

Trading on KuCoin is very easy for both new and moderate users. The desktop interface can look a bit overwhelming at first, but there are resources provided through FAQs and beginner’s tutorials, such as blog posts and videos, that allow users to learn how to use the exchange to their liking. There is also a tour button at the top right of the desktop interface that takes you through each section of the interface.

When trading you are able to view live orders, book flows and current trades as well as adding various indicators to the charts such as moving averages, RSI and Bollinger bands. The same cannot be said for other crypto exchanges which can be limited to only show historical price charts.

KuCoinKuCoin✔️ User-friendly interface
✔️ 24/7 support
✔️ Low trading fees
4/5
Go to KuCoin

KuCoin Mobile App

The functionality of the premium desktop experience is also available in the KuCoin mobile app. This includes its accurate charts, trading tools, crypto pairs and markets. You will also find all the stop loss functions and order types to protect users from potential volatility. The KuCoin app can be downloaded from the App Store or Google Play and is therefore accessible to all users.

Trading Fees on KuCoin

KuCoin offers some of the lowest fees of any legacy cryptocurrency exchange. Its fee structure is straightforward and easy to understand. Here it is a flat trading fee of 0.1% per trade. The fees tend to go down because of your 30-day trading volume, but a KuCoin share of KCS holdings entitles you to an additional discount on trading fees. In some cases, you may use KCS tokens to cover your trading fees that KCS pays.

Supported Cryptocurrencies

A wide range of cryptocurrencies, including popular coins such as Bitcoin and Ethereum, is one of the reasons for the popularity of KuCoin. The crypto exchange has over 380 cryptocurrencies and more than 750 crypto-pairs. This fact gives people access to less common crypto, which is one reason why the stock exchange was founded in the first place.

Payment Methods

KuCoin is mainly a crypto-to-crypto exchange, which means that there are some limitations to FIAT-currency deposits. All deposits made in FIAT-currencies goes through a third-party provider and the available methods are as following:

  • VISA
  • MasterCard
  • Apple Pay
  • Google Pay

KuCoin does not charge anything for deposits, but there are different fixed fees for withdrawals. The processing time of transactions depends on the asset and can be executed within one hour, with withdrawals reaching the user’s wallet within 2-3 hours. Significant withdrawals are much faster and users withdrawing large amounts may have to wait 4-8 hours.

KuCoin Customer Support

KuCoin provides appropriate customer support through an online chat feature on its exchange and a dedicated support request page to respond to tickets submitted by users. The online chat provides links to articles and FAQ sections, while the support page responds to a person’s tickets. Especially in times of heavy traffic, however, there can be long waits before a ticket is purchased. Support should be available around the clock, every day of the week.

Our Verdict

KuCoin is an ambitious and innovative player in the cryptocurrency space. It has experienced considerable growth since its launch in 2017 and is one of the industry’s top players in terms of safety, reliability, customer support and trading tools. Therefore, it is well suited for new and experienced traders who want to deal with popular and lesser known small-cap cryptocurrencies and assets.

Pros and Cons

✔️ Pros❌ Cons
User-friendly interfaceLow trading volume
24/7 support
Low trading fees
KuCoinKuCoin✔️ User-friendly interface
✔️ 24/7 support
✔️ Low trading fees
4/5
Go to KuCoin

KuCoin FAQ

What cryptocurrencies are supported on KuCoin?

KuCoin supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others. The complete list of supported cryptocurrencies can be found on their website.

How do I deposit funds into my KuCoin account?

You can deposit funds into your KuCoin account by sending cryptocurrency to the deposit address provided in the deposit section of the KuCoin website.

How do I withdraw funds from my KuCoin account?

You can withdraw funds from your KuCoin account by going to the withdraw section of the website and providing the necessary information, such as the withdrawal address and the amount you wish to withdraw.

Is KuCoin a safe and secure platform to trade cryptocurrencies?

KuCoin crypto exchange utilizes state-of-the-art security measures such as multi-tier and multi-cluster system architecture, bank-level security protocols and real-time transaction data backup, it is considered as a secure platform for trading cryptocurrencies. However, It is always recommended to do your own research and assess the security measures of any exchange before depositing funds.

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