KuCoin is a very well respected exchange that launched a month after Binance. Due to the fact that it offers many cryptocurrencies that other exchanges do not support, it has been dubbed as the “People’s Exchange” and many “hidden gems” can be found here.

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Basic information about the KuCoin exchange:

Exchange type: Centralized exchange

Launch date: September 2017

Location: Worldwide (Based in Seychelles)

CEO: Michael Gan

This KuCoin review will be covering the most important features of the exchange to help you decide if KuCoin is the right exchange for you or if you’re better off choosing another exchange. Here’s a quick overview of the advantages and disadvantages of KuCoin:

The pros of trading cryptocurrency on KuCoin: Supports over 200 cryptocurrencies

Accepts debit and credit card payments for cryptocurrencies

Offers non-custodial wallets through their partners

Has an IEO platform known as Spotlight The cons of trading cryptocurrency on KuCoin: It does not offer FIAT trading pairs (USDt pairs available)

It does not offer bank transfers

KuCoin features review

KuCoin is a cryptocurrency exchange that opened its doors in September 2017 and was considered as an exchange for the people for the simple fact that it allowed users to trade alternate cryptocurrencies that no other exchange would offer. The cryptocurrency exchange offers a typical easy sign-up process with the usual 24/7 online support desk.

One of the powerful driving forces that brought KuCoin into the top flight was its referral program. Although it has changed many times, it still exists today and grants users a great opportunity to earn a passive income for referring their friends.

The cryptocurrency exchange has very low fees, accepts credit and debit card payments for cryptocurrencies and has a very powerful trading engine to facilitate a high number of trades. Moreover, you can also engage in cryptocurrency margin trading or even take part in their brand new futures trading contracts if you are brave enough!

Lastly, KuCoin allows users to vote on which coin they would like to see on the exchange and also offers an IEO platform known as Spotlight.

KuCoin trading - Trade over 200 different cryptocurrencies that are not available elsewhere.

KuCoin allows its users to trade over 200 different cryptocurrencies and many of them are not available on any other top-tier cryptocurrency exchange. This presents traders with the option to trade in over 400 different markets with BTC/USDt and KCS/USDT being some of the most liquid pairs.

One downside to the exchange is the fact that you cannot trade against FIAT currencies, but the overwhelming number of markets clearly shows that KuCoin are targeting a different area of the industry in which trading against Tether is satisfactory.

When trading on KuCoin, you can place the 4 typical types of orders. These orders are:

Market Orders

Limit orders

Stop-loss orders

Take Profit Orders

KuCoin follow an entirely novel fee structure

On the topic of exchange fees, KuCoin offers a totally different fee structure relative to its top-tier competition. Firstly, it does not follow the typical market/taker fee schedule and instead elects to go with a simple flat trading fee of 0.1% per trade. This is an absolutely fair model for all types of traders and is severely under the industry average of around 0.25%.

It does not stop there. KuCoin takes its fee schedule one step further by offering discounts to its users that hold their proprietary cryptocurrency KuCoin Shares. Every user holding at least 1000 KCS will receive a 1% discount on the 0.1% trading fee. This discount rate will continue for traders to receive a maximum discount of 30% for holding 30,000 KCS.

Additionally, KuCoin actually shares 50% of the profits that they make from the exchange amongst KuCoin Shares holders. This means that if you own KCS, you will receive daily returns from the fee distribution feature that is equivalent to the amount of KCS that you hold.

KuCoin offers competitive withdrawal and deposit fees

As there are no FIAT deposits available, the deposits on the exchange are absolutely free!

KuCoin takes a small 0.0005 BTC fee for Bitcoin withdrawals, an amount that is equal to its top-flight competition. They charge 0.01 ETH for Ethereum withdrawals and 0.1 XRP for Ripple's XRP withdrawals.

You can see the complete fee structure for each individual cryptocurrency here.

KuCoin offers up to 10x leverage on margin trading

KuCoin offers up to 10x leverage on its margin exchange that was launched in October 2019. Users can now borrow funds from other users on KuCoin to gain access to larger sums of capital to increase the leverage on positions.

You can currently margin trade on the following selected markets:

BTC/USDT

ETH/BTC

ETH/USDT

LTC/BTC

LTC/USDT

LTC/ETH

EOS/BTC

EOS/USDT

EOS/ETH

XRP/BTC

XRP/USDT

XRP/ETH

KuMEX offers 100x leverage contracts

KuCoin opened KuMEX during July 2019. It is a Bitcoin leverage trading platform that allows users to trade derivatives of BTC pairs with up to 100X leverage.

The fee schedule for KuMEX is slightly different and can be found here.

KuCoin Spotlight

KuCoin Spotlight is an Initial Exchange Offering platform similar to Binance Launchpad. The KuCoin Spotlight launches cryptocurrency projects and allows the users of the exchange to invest in projects that the Spotlight team brings to the platform.

The Spotlight token sale works on a first-come-first-served basis and requires users to be KYC verified before taking part in the platform.

Additional KuCoin features

The features list goes on and on for KuCoin:

They offer a 24/7 support desk - something that is essential to a credible exchange.

Their partnership with Arwen offers a non-custodial way to trade via on-blockchain escrow systems.

KuCoin has an extremely powerful trading engine that has the ability to facilitate up to 2 million trades per second, resulting in low downtime.

They offer a 20% referral bonus scheme which allows users to earn each time friends complete an order.

It is ranked amongst the top 20 most liquid exchanges which will allow you to get in and out of trades very quickly.

KuCoin mobile review - trade and monitor on the go

Like other top-tier exchanges, KuCoin has a great mobile application that allows users to trade on the go. This mobile application can be downloaded on both iOS and Android app stores.

Is KuCoin a safe exchange to use?

KuCoin offers the typical security measures that most exchange use to keep their customers safe. This includes KYC, 2FA, and holding the majority of funds away from hot wallets in cold storage.

Additionally, KuCoin separate funds into different accounts for users. This means that APIs that access your KuCoin account (if you wish to set them up and use them) will only have access to the accounts that you choose.

KuCoin review verdict

KuCoin most certainly is a cryptocurrency exchange that stands out amongst its peers. Instead of going through the typical route of adding as many FIAT pairs as possible, KuCoin have taken the complete opposite approach and not allowed any FIAT trading whatsoever. This gives the exchange the benefit of focusing on other aspects such as the addition of a vast amount of altcoins and trading pairs that no other exchange offers.

This exchange is perfect for you if altcoin trading is what you are after. Once you have your Bitcoin (or USDT) you can send them over to KuCoin and begin trading altcoins immediately. Additionally, KuCoin offers you the option to buy cryptocurrency directly with your credit/debit card.

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