Introduction
Seychelles-based well-known cryptocurrency exchange KuCoin.com was launched in 2017. It’s been around five years since KuCoin crypto exchange is serving over 35 million crypto users in more than 200 countries. Due to its dynamic and user-friendly features, it is also known as ‘The People’s Exchange’.
KuCoin.com is a centralized crypto exchange that made cryptocurrency trading and investment so easy that even novice traders can benefit themselves by trading or investing through this platform. CoinMarketCap’s data reveals that KuCoin offers 1200+ trading pairs from which 51 trading pairs support the fiat currencies.
KuCoin trading platform doesn’t only attract the attention of professional institutional and individual crypto users but also benefits new users with little or no trading experience. So, if you are looking for such a cryptocurrency exchange with lower risks and higher ROI potential, KuCoin is the best option for you.
Features of KuCoin Crypto Exchange
KuCoin.com cryptocurrency exchange is also called ‘The People’s Exchange’ for its dynamic features. Such distinguished features have gathered much fame for the exchange in the last couple of years. Check the below features of the KuCoin exchange and make the right decision for investing and trading your digital assets.
· Margin Trading
KuCoin’s leverage trading is unique and attractive for margin trading. It’s important to know that margin trading is risky and better for experienced traders. If you’re new to this, there’s a guide to help you stay safe while margin trading in crypto.
· KuCoin Token
Ownership of KuCoin’s native token KCS offers users big trading fee discounts. Moreover, KCS holders get a share of the exchange’s daily trading fee earnings.
· kuCoin’s Trading Bot
KuCoin’s trading bot is free to use. It automatically follows your trading plan. KuCoin has over 6 million active bots to assist beginners and learn from experienced traders.
· Crypto Lending
KuCoin crypto lending allows you to lend your crypto to margin traders for interest. Lenders must keep some collateral because they are insured in case of mishap. It’s a smart way to make extra money from your crypto.
· KuCoin’s Demo Account for Trading
KuCoin offers a Demo trading account for new users. This feature is beneficial for beginners as they can learn trading strategies without risking real money.
KuCoin Supported Cryptocurrencies
KuCoin.com cryptocurrencies support 1000+ cryptocurrencies including significant digital assets like Bitcoin ($BTC), Dogecoin ($DOGE), Ethereum ($ETH), Polkadot ($DOT), Shiba Inu ($SHIB), Ripple ($XRP) and many more. KuCoin offers 1200+ trading pairs from which 51 trading pairs support the fiat currencies i.e., EUR, CAD, NZD, CZK etc.
Accounts of KuCoin Exchange
KuCoin trading platform eases the crypto community at its best and educates them to learn through demo accounts and then earn through the actual accounts. Moving forward, Kucoin has five account types which we can use according to our needs.
- Main Account: This account is for simple deposit, withdrawal and storage of digital assets
- Trading Account: This is a spot trading dedicated account
- Futures Account: As the name suggests, it’s for future trading
- Margin Account: This is for margin trading-based account
- Finance Account: This account is best for staking and soft staking
Fee Structure of KuCoin
KuCoin has a different fee structure for turning fiat into crypto and vice versa. When you buy crypto using fiat, it’s fee-free. But when you withdraw, turning your crypto into fiat, you’ll be charged a fee based on the amount you’re withdrawing.
KuCoin’s maker-taker fee structure is quite competitive that starting at 0.1% for spot trading for both makers and takers, dropping to -0.005%/0.02% for high-volume VIPs. While, futures begin at 0.02% makers and 0.06% takers, with reductions via 30-day volume or $KCS token payments (20% discount).
Is KuCoin Secure for Crypto Trading?
Yes, KuCoin aka ‘The People’s Exchange’ is considered to be one of the most secure crypto exchanges around the globe. KuCoin cryptocurrency exchange has always prioritized robust security by holding SOC 2 Type II, ISO 27001, and PCI-DSS certifications, with 100%+ reserves verified monthly by Hacken. Funds use cold storage (95%), multi-sig wallets, and AI fraud detection along with 2FA, anti-phishing codes, and a $1M+ bug bounty program add defenses.
KuCoin’s Major Regulatory Milestone in Europe
KuCoin officially secured a MiCA (Markets in Crypto-Assets) license through its European entity. This makes KuCoin trading platform one of the first major global exchanges to gain full regulatory approval under the EU’s landmark framework. This license allows KuCoin to legally offer spot trading, custody, and other crypto services to users across all 27 EEA countries with complete compliance protection.
User Reviews About KuCoin Exchange
Every platform has its both sides in different contexts. Like, while covering this article I came across different user reviews in which people shared their remarks. Top of the list, KuCoin ensured the community about transparency in crypto trading through its exclusive Proof of Reserves.
If we look on the other side of the coin, a crypto user named VasuCrypto (@0x_Lens) shared the weak point as crypto investors withdrew their funds from the exchange that raises on questions on the reliability of KuCoin exchange.
Pros and Cons of the KuCoin Trading Platform
Pros:
- Wide range of supported cryptocurrencies
- Different types of accounts according to the customer’s needs
- Low trading fee
- No month-based account fee
- Suitable for both novice and experienced traders
Cons:
- Website interface is a bit complex
- Hacked in 2020 and 2023
- Not licensed in the United States
Conclusion
In short, KuCoin is the best choice with low fees, user-friendly design, enhanced security, and features for users of all levels. Whether you’re a beginner or a crypto pro looking to change exchanges, KuCoin is worth of consideration. In addition to that, KuCoin’s regulatory strides in Europe and Australia offset U.S. challenges, making it ideal for global traders seeking depth and ease.
FAQs
Is KuCoin legit and safe for crypto trading?
Yes, KuCoin is considered to one of the safest crypto exchanges as it employs 2FA. KuCoin exhange holds monthly 100%+ proof-of-reserves audited by Hacken, MiCA license in Europe, and SOC 2 Type II certification.
How much KuCoin charge in Spot and Futures trading?
KuCoin’s maker-taker fee starts at 0.1% dropping to -0.005%/0.02% for high-volume VIPs. While, futures begin at 0.02% makers and 0.06% takers, with reductions via 30-day volume or $KCS token payments (20% discount).
What makes KuCoin exchange different from Binance or Bybit?
KuCoin offers a larger selection of altcoins (1,000+), built-in trading bots, leveraged tokens, and a strong focus on early-stage project listings. It also has lower base fees than Binance for low-volume users and a more beginner-friendly interface.
This KuCoin Crypto Exchange review is solely for the informational and educational purpose and does not constitute and financial advice. As cryptocurrencies are highly volatile and prone to higher risk when it comes to trading, so do your own research (DYOR) before opting any crypto exchange for spot or futures trading based on fee, security and other related services.
ShahZaib Ahmed is a seasoned Crypto Journalist passionate about cryptocurrencies, blockchain technology, and decentralized finance (DeFi). With years of experience in the industry, ShahZaib Ahmed has written extensive news articles, price analysis articles and guide articles on Cryptocurrencies, Blockchain, DeFi, NFTs, Web3, and FinTech. Known for insightful analysis and a keen understanding of market trends, he brings complex concepts to life for beginners and seasoned investors.
- ShahZaib Ahmed
- ShahZaib Ahmed
- ShahZaib Ahmed
- ShahZaib Ahmed
