Are you looking for an exchange with the possibility of trading more than 700 cryptocurrencies? KuCoin is a cryptocurrency exchange established in 2017 that provides various services such as staking, lending, etc.
Also, this exchange launched its native cryptocurrency, KCS, in 2017, but this is not all about KuCoin. If you want to learn more about this exchange, don't miss this comprehensive article!
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.”
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 | +700 |
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 |
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 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?
Opening an account and verifying your identity on KuCoin is a straightforward process:
Account Creation
- Visit KuCoin's website or download the mobile app
- Click on "Sign Up" and enter your email address
- Verify your email address
- Create a strong password
- Click on “Confirm” to finalize sign up.
Identity Verification (KYC)
- Start the verification by Click on “verify”
Alt: KuCoin KYC
Caption: 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)
Is KuCoin Exchange Secure?
Security is a paramount concern for any cryptocurrency exchange, and KuCoin 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 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:4/10
- CoinGecko: 10/10
- CryptoCompare Exchange: C
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.
Trading Finder Expert suggestions
In the middle of 2017, Chun Gan and Ke Tang decided to start their digital currency exchange. In less than ten years, this exchange has made its way to the top 10 list of Coinmarketcap exchanges and has become one of the best in the crypto industry. In this article, we introduced Kocoin, services, a list of tradable currencies, registration, verifications, and other things you must know about.
