About Kucoin Exchange
Behind KuCoin are two tech geeks who were early blockchain adopters. Having started coding at the age of 8 and founded his first startup at the age of 16, Michael immediately started to mine BTC when he heard about Bitcoin from his boss Eric in 2012. But when he tried to sell some BTC on Mt. Gox, he discovered that what was the world’s largest platform at the time was difficult for beginners to use.
As the adoption of blockchain continued, Michael and Eric realized that it was reshaping the financial system into one that would not only serve richest few, but everyone in the world — even the less educated, unemployed, and unbanked. By the end of 2013, they wrote the first pieces of KuCoin’s of code in a cafe, starting a People’s Exchange that would allow all to get involved with crypto.
|Exchange Service||Spot and futures trading|
|Exchange Launch Year||N/A|
|Mobile App||Android & IOS|
|Referral Program||Up to 20% of the commission|
|Support||Email & Live Chat Option Available|
|Official Website||Click Here To Visit|
How To Register At Kucoin Exchange ?
You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.
Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.
To register on Kucoin , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.
How To Verify Your Kucoin Account ?
There is no mandatory verification at Kucoin , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 2 BTC per day. In the future, depending on the actions of regulatory authorities, conditions may change.
For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bitstamp, Revolut platforms.
How To Buy Crypto Or Deposit Crypto At Kucoin Crypto Exchange ?
There are two main options for topping up your balance on Phemex. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.
Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.
After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.
Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.
You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:
- Go to the “Deposit” section from the “Assets” menu.
- From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
- The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
- You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.
How To Withdraw Crypto Asset From Kucoin Exchange ?
Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.
Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.
How To Secure Your Kucoin Account ?
Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticato
KuCoin exchange does not charge deposit fees for cryptocurrencies. However, standard bank charges apply in the case of fiat currency deposits. And, this is determined by the concerned bank or payment gateway. Withdrawal fees vary and depend on the cryptocurrency involved. For example; the withdrawal fee for Tether is 20 USDT while it is 1 ADA for Cardano.
The trading fees vary as per the type of trading like spot or margin trading. It also depends on the funds held in the trader’s account. The standard trading fee also decreases based on the KSC holding for a 30-day trading volume. It is thus divided into various levels, which are as follows for spot and futures trading.
Spot Trading Fees
KuCoin has very low trading fees of 0.1%. An important point to note is that the fees decrease based on the 30-day trading volume of KCS holdings in the user account, which is as follows;
|TIER||MIN. KCS HOLDING (30 DAYS)||MAKER/TAKER FEE|
|LV 0||0||0.1% / 0.1%|
|LV 1||1,000||0.09% / 0.1%|
|LV 2||10,000||0.07% / 0.09%|
|LV 3||20,000||0.05% / 0.08%|
|LV 4||30,000||0.03% / 0.07%|
|LV 5||40,000||0% / 0.07%|
|LV 6||50,000||0% / 0.06%|
|LV 7||60,000||0% / 0.05%|
|LV 8||70,000||-0.005% / 0.045%|
|LV 9||80,000||-0.005% / 0.04%|
|LV 10||90,000||-0.005% / 0.035%|
|LV 11||100,000||-0.005% / 0.030%|
|LV 12||150,000||-0.005% / 0.025%|
Futures Trading Fees
The USD/USDT lending rates for futures is adjustable as it could have positive or negative values. Funding for futures trades occurs once every 8 hours and the value is calculated accordingly.
|TIER||MIN. KCS HOLDING (30 DAYS)||MAKER/TAKER FEE|
|LV 0||0||0.02% / 0.06%|
|LV 1||1,000||0.02% / 0.06%|
|LV 2||10,000||0.015% / 0.06%|
|LV 3||20,000||0.01% / 0.05%|
|LV 4||30,000||0.01% / 0.04%|
|LV 5||40,000||0.01% / 0.04%|
|LV 6||50,000||0% / 0.038%|
|LV 7||60,000||0% / 0.035%|
|LV 8||70,000||-0.003% / 0.032%|
|LV 9||80,000||-0.006% / 0.03%|
|LV 10||90,000||-0.009% / 0.03%|
|LV 11||100,000||-0.012% / 0.03%|
|LV 12||150,000||-0.015% / 0.03%|
However, there are no deposit fees taken by KuCoin, but withdrawal fees do vary for various currencies
KuCoin Earn (previously named Pool-X) is a staking platform that allows users to earn money via staking Proof-of-stake cryptocurrencies like TOMO, ATOM, KCS (KuCoin Token), XTZ, IOST, TRX, ZRX, among others. KuCoin Earn offers highly flexible and diversified products, including Saving, Staking and Promotions, which helps users earn stable passive income.
Supported Fiat Currencies
KuCoin supports the following fiat currencies; EUR, GBP, USD, RUB, AUD, JPY, TRY, KRW, CAD, IDR, VND, ZAR, HUF, ILS, NZD, SEK, CZK, CHF, PLN, NOK, INR, DKK, and more. Users can deposit and withdraw fiat currencies through various payment gateways ranging from P2P tradingOTC, Third-party like Simplex, etc.
The KuCoin Global Community is home to millions of users from 200+ countries, with support for 20+ languages.
KuCoin Referral Program
KuCoin’s referral program allows users to profit from getting other people to sign up for an account at the exchange. When a user invites someone to the exchange, that initial user will receive up to 20% of the trading fees incurred by the invited user for the first year of their time on the platform. If you know a large number of high-volume traders than the referral bonus could represent a significant chunk of change for you.
Is KuCoin Safe?
Yes. It is considered one of the safest cryptocurrency exchanges thanks to its stellar reputation over the years and its high volume of trades. The site also offers two-factor authentication for its users. To date the site has never been hacked, which is a stark contrast to some of the competing exchanges. It’s worth noting that because it is crypto-only it has slightly differently security protocols than sites that accept fiat (paper) currency.
Customer support is generally quite strong and you can always send concerns directly to the staff. Keep in mind that it’s generally not a good idea to keep large amounts of cryptocurrency on an exchange as several high-profile exchanges have been hacked in the past. If you have a large amount of cryptocurrency we recommend getting a personal wallet.
Mind Blowing Design
They’ve done a great job with making the homepage easy to navigate. The only drawback is that, with the white background, it can be hard on your eyes. Other than that, you’ll find their charts and trade tools easy to use if you’re already familiar with Tradingview.
The KuCoin exchange is listed on sites like CoinGecko and CoinMarketCap. You’ll find high trading volumes, especially for futures. With a premium account, you can save a lot of money when buying it for one year; at the same time, all commissions for spot-trading will be waived. If you’re unsure about anything, there’s always a test platform that offers virtual assets. On the user doesn’t have to go through any verification; however, we recommend it if you want full functionality and many bonuses.