"The People's Exchange" is the nickname of KuCoin exchange, where you can trade 700+ cryptocurrencies. Minimum deposit in this exchange is only $1 and 1:100 maximum leverage is available in all 12 user levels. Beside all of these, KuCoin has a native cryptocurrency called "KCS."
KuCoin Exchange Company Information & Regulation
KuCoin is a global cryptocurrency exchange platform founded in May 2017 by a group of blockchain enthusiasts such as “Chun Gan” and “Ke Tang.” The company is headquartered in Seychelles, but its first office was in Singapore, where it faced Regulation problems. A Few months after the exchange’s launch, KuCoin Introduced its Native Coin, “KuCoin Token” or “KCS.”
KuCoin has been proactive in obtaining licenses in various jurisdictions, including Malta, Seychelles and the Cayman Islands. Besides that, KuCoin is a registered in India's Financial Intelligence Unit (FIU). After this milestone, Johnny Lyu (CEO of KuCoin) said:
”This milestone allows us to advance the conversation on crypto adoption in India, emphasizing user security and trading excellence.”
KuCoin has faced multiple regulatory challenges in recent years. In 2023, the exchange settled with the New York Attorney General by paying a $22 million fine and ceasing operations for New York residents.
The U.S. CFTC also filed charges against KuCoin for alleged AML violations. Similarly, Canadian regulators fined the exchange over $2 million and banned it from Ontario’s capital markets.
These incidents highlight ongoing concerns regarding KuCoin’s regulatory compliance in major jurisdictions.
Summary of Specifications
KuCoin offers a comprehensive suite of trading options and features, catering to beginners and advanced traders. The exchange's commitment to listing a wide variety of cryptocurrencies, including many smaller altcoins, has earned it the nickname "The People's Exchange."
Exchange | Kucoin |
Launch Date | 2017 |
Levels | 12 |
Trading Fees | From -0.005 To 0.1% |
Supported Coins | +900 |
Futures Trading | Yes |
Minimum Deposit | $1 |
Deposit Methods | Debit Or Credit Card, Bank Deposit, Visa, Mastercard, Payoneer, Cryptocurrency |
Withdrawal Methods | Debit Or Credit Card, Bank Deposit, Visa, Mastercard, Payoneer, Cryptocurrency |
Maximum Leverage | 1:100 |
Minimum Trade Amount | $1 |
Security Factors | 2FA, Cold Storage, Encryption Techniques |
Services | Staking, Snowball, Dual Investment, Shark Fin, Savings, Lending, KCC, API, Kucard |
Customer Support Ways | Chat, Email, Ticket |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes, 60% |
Orders Execution | Limit Order, Market Order |
Native Token | KCS |
Restricted Countries | Usa, Canada, Uk, Netherlands, Cuba, Iran, Syria, Yemen, Crimea, Myanmar, Sudan, Iraq, Afghanistan, Somalia, North Korea, China Mainland, Japan, Belgium, Algeria, Egypt, Libya, Ethiopia, Argentina, Venezuela, Bolivia, Papua New Guinea, Fiji, Afghanistan, Somalia |
Pros and Cons
In order to KuCoin exchange review, Let's take a look at the advantages and disadvantages of using KuCoin:
Pros | Cons |
Wide Selection of Cryptocurrencies (700+) | Not Available in Many Regions Such as the US |
Low Trading Fees | Limited Fiat Currency Support |
User-Friendly Interface for Beginners | Customer Support Can Be Slow at Times |
Various Benefits for KCS Holders | Not Fully Regulated in Some Jurisdictions |
Regular Promotions and Trading Competitions | - |
Innovative Features Like Trading Bots and Lending Platform | - |
KuCoin Exchange User Levels
KuCoin employs a tiered VIP system that rewards users based on their trading volume and KCS holdings. The VIP levels range from 0 to 12, with each level offering progressively better benefits:
VIP Level | Market/Taker Fee | 24h Withdrawal Limit (USDT) |
LV0 | 0.100% / 0.100% | 1,000,000 |
LV1 | 0.090% / 0.100% | 3,000,000 |
LV2 | 0.075% / 0.090% | 3,000,000 |
LV3 | 0.065% / 0.085% | 5,000,000 |
LV4 | 0.045% / 0.065% | 5,000,000 |
LV5 | 0.035% / 0.055% | 10,000,000 |
LV6 | 0.025% / 0.045% | 10,000,000 |
LV7 | 0.015% / 0.042% | 15,000,000 |
LV8 | 0.010% / 0.040% | 15,000,000 |
LV9 | 0.000% / 0.040% | 30,000,000 |
LV10 | 0.000% / 0.030% | 40,000,000 |
LV11 | -0.003% / 0.025% | 50,000,000 |
LV12 | -0.005% / 0.025% | 60,000,000 |
KuCoin Exchange Fees and Commissions
Fees | Spot | Futures |
Maker | From -0.005 to 0.1% | From -0.008 to 0.020% |
Taker | From 0.025 to 0.1% | From 0.025 to 0.060% |
Withdrawal/Deposit fees vary by cryptocurrency and are adjusted based on network conditions. However, Users can reduce their trading fees through:
- Higher VIP levels
- Using KCS to pay for fees (20% discount)
- Large trading volumes
Which assets and tokens are available for trading on KuCoin exchange?
KuCoin offers a diverse range of assets and tokens for trading. Right now, you can trade more than 700 tokens on KuCoin!
Major Cryptocurrencies
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
Stablecoins
- Tether (USDT)
- USD Coin (USDC)
- Dai (DAI)
Defi Tokens
- Uniswap (UNI)
- Aave (AAVE)
- Compound (COMP)
NFT and Gaming Tokens
- Axie Infinity (AXS)
- Decentraland (MANA)
- The Sandbox (SAND)
Layer 1 and Layer 2 Solutions
- Cardano (ADA)
- Solana (SOL)
- Polygon (MATIC)
Exchange Tokens
- KuCoin Token (KCS)
- Binance exchange Coin (BNB)
Meme Coins
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
Leveraged Tokens
- 3x Long Bitcoin (BTCUP)
- 3x Short Ethereum (ETHDOWN)
Futures and Margin Trading in KuCoin Exchange
KuCoin offers advanced trading options for users looking to leverage their positions or trade on margin. Here's a breakdown of these features:
Futures Trading
- KuCoin Futures platform supports perpetual contracts with up to 100x leverage
- Available for major cryptocurrencies like BTC, ETH, and others
- Features like Cross and isolated margin modes, Funding rate mechanism for price convergence
Margin Trading
- Allows users to borrow funds to increase their trading position
- Supports both cross-margin and isolated-margin
- Leverage options Up to 5x leverage for Cross margin and 10x for Isolated margin
- Interest rates for borrowed funds vary based on market conditions
How to Open an Account and Verify Identity in KuCoin Exchange?
Join the exchange by following the KuCoin Registration, which is quick and user-friendly. Whether on desktop or mobile, setting up your account and completing identity verification unlocks full trading access.
#1 Create Your KuCoin Account
Go to the official Ku Coin website or download the KuCoin mobile app. Click “Sign Up”, enter your email address, and create a secure password.
#2 Email Verification on KuCoin
Confirm your email by entering the code sent to your inbox.
#4 KuCoin Identity Verification (KYC)
- Start the verification by clicking on “verify;”
In order to trade, you have to complete kyc process - Select your country of residence;
- Enter your Name and ID Number;
- Upload a clear photo of your government-issued ID (passport, driver's license, etc.;)
- Take a selfie and after that, complete the face verification;
- Submit your application and wait for approval (usually takes 1-3 business days.)
Applications and Platforms Offered by KuCoin Exchange
Trade in KuCoin is easy; you have 2 ways to buy and sell Cryptocurrency.
- Web Platform: All you have to do is login to your account and trade; it's available on any Devices!
- Application: KuCoins’ application is available for iOS and Android, and you can trade using the app.
KuCoin’s Trading Terminal offers three user interface layouts: Classic, Professional, and Full Screen - all equipped with TradingView charts for real-time analytics.
Is KuCoin Exchange Secure?
Security is a paramount concern for any cryptocurrency exchange, and KuCoin crypto exchange has implemented several measures to protect user assets and data:
- Cold storage for the majority of user funds;
- Hot wallets for daily operations with multi-signature technology;
- Two-Factor Authentication (2FA) is Mandatory for withdrawals and critical account changes;
- Anti-Phishing System including Email and SMS notifications for login attempts and withdrawals;
- Users can restrict account access to specific IP addresses with IP Whitelisting;
- Regular Security Audits Conducted by third-party cybersecurity firms;
- KuCoin maintains an insurance fund to cover potential losses from security breaches.
Despite these measures, KuCoin experienced a significant security breach in September 2020, where approximately $280 million worth of crypto assets were stolen.
Withdrawal and Deposit Methods
There are 70 Ways to Withdraw and Deposit in the KuCoin that we found in the KuCoin exchange review. Some of the important ones are:
- Visa
- Mastercard
- SEPA
- Payoneer
- Transfer Wise
- Cryptocurrency
- Banxa
- Simplex
- Onramp
- LegendTrading
- BTC Direct
KuCoin offers a crypto debit card called KuCard, which allows users to spend their digital assets directly. The physical card costs 9.99 EUR, and an annual fee of 10.00 EUR may apply depending on usage.
Additional withdrawal fees vary based on currency and region - for instance, non-Euro withdrawals incur a 2% transaction fee.
KuCoin separates user balances into a Main Account and a Trading Account. The Main Account is primarily for storing assets securely, while the Trading Account is used for active buying and selling.
API access is restricted to the Trading Account, offering an added layer of security.
KuCoin Exchange Trust Scores
Trust scores for cryptocurrency exchanges are crucial indicators of their reliability and user satisfaction. For KuCoin, the trust scores in sites such as Trustpilot, present a mixed picture:
- Trustpilot: 1.4/5
- CoinGecko: 10/10
- CryptoCompare Exchange: C
KuCoin Features
Let's check the availability of advanced options on the platform; KuCoin Features:
Staking | Yes |
Yield Farming | No |
Social Trading | No |
Launchpool | Yes |
Crypto Cards | Yes |
Customer Services and Support
KuCoin Support is available 24/7 with no holidays, but how can you contact it? Find your answer in the list below:
- Help Center with Comprehensive FAQ section
- Live Chat Available 24/7
- Support Ticket System For more complex issues
- Email Support (support@KuCoin.com) for general inquiries
Copy Trading and Investment Options
KuCoin offers several innovative copy trading and investment options:
- KuCoin Earn: Staking, Lending, Promotional Staking, and Pool-X
- Spotlight: Participate in token sales for new projects and Exclusive access for KCS holders
KuCoin provides a wide selection of automated trading bots designed to support both beginner and advanced strategies. These include:
- Grid Bots for automating buy-low, sell-high operations within a specified range
- DCA (Dollar-Cost Averaging) Bots for consistent investing at regular intervals
- Portfolio Rebalancing Bots that maintain a set allocation across different tokens
- Spot Martingale Bots with advanced customization features
All bots are simple to configure and widely adopted by KuCoin's global user base.
Banned Countries: Are you allowed to trade in KuCoin?
KuCoin is available in most countries worldwide, but there are some restrictions you must know!
KuCoin banned countries:
- North America: USA, Canada, Cuba;
- South America: Venezuela, Bolivia, Argentina;
- Europe: Netherlands, UK, Belgium, Crimea;
- Asia: Iran, Syria, Yemen, Myanmar, Iraq, Afghanistan, North Korea, China Mainland, Japan, Afghanistan;
- Africa: Sudan, Somalia, Algeria, Egypt, Libya, Ethiopia, Somalia
- Oceania: Papua New Guinea, Fiji
KuCoin Comparison Table
Let's see the differences between KuCoin features and top exchanges; KuCoin Comparison:
Features | KuCoin Exchange | |||
Number of Assets | 900+ | 400+ | 1300+ | 32 |
Maximum Leverage | 100x | 125x | 100x | 5x |
Minimum Deposit | 1 USDT | $1 | N/A | $1 |
Spot Maker Fee | -0.005 to 0.1% | 0.02% - 0.1% | 0.005% - 0.1% | 0.5% Down to 0.02% |
Spot Taker Fee | -0.005 to 0.1% | 0.04% - 0.1% | 0.015% - 0.1% | 0.5% Down to 0.02% |
Mandatory KYC | Yes | Yes | Yes | Yes |
Futures Trading | Yes | Yes | Yes | None |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | Yes | Yes |
Staking | Yes | Yes | No | Yes |
Copy Trading | Yes | Yes | Yes | N/A |
Trading Finder Expert suggestions
KuCoin is the 8th item on CoinMarketCap's list of top ten exchanges and it's because of services such as Staking, Dual Investment, Savings and Lending. Beyond these advantages, KuCoin is not fully regulated in some jurisdictions such as U.S.