KuCoin review: the best crypto exchange to find mooning crypto gems
KuCoin is a crypto exchange specialized in altcoins. It offers more than 700 cryptocurrencies and stablecoins including Bitcoin and Ethereum, but also more than 1,000 crypto pairs and 35 ETFs. In addition, there are over 50 fiat convertible currencies.
| Number of cryptocurrencies | 700+ |
| Types of crypto-assets | Crytos, tokens and NFT |
| Transaction fee | 0.10% or 0.080% with KuCoin's own token (KCS) |
| Minimum deposit | $5 |
| Deposit fee | 0% with bank transfer - 3.80% with Visa/MasterCard |
| Maximum leverage | Up to 100x |
Register via this button to get a 20% discount on your transaction fees
What is KuCoin?
Founded in 2012, KuCoin is a crypto exchange platform that allows its users to buy, sell and trade crypto-assets. Although it does not benefit from the same notoriety as Binance or Coinbase, KuCoin is still a popular broker. KuCoin has over 10 million users worldwide, more than 20 international communities and is available in over 200 countries.
Here is a picture of KuCoin's home page.
On the product side, KuCoin offers more than 700 crypto-currencies and stablecoins including Bitcoin and Ethereum, but also over 1,000 crypto pairs and 35 ETFs. In addition, there are over 50 fiat convertible currencies. What makes KuCoin strong is certainly its positioning on emerging cryptos. This makes it the perfect broker to find the next crypto gem. KuCoin also has its own native token, the KuCoin Shares or KCS.
On the service side, there is spot trading, margin trading, but also a loan and futures offer. The fees remain affordable compared to the market average: 0.10%. They can be lowered to 0.08% when using the KCS token.
Pros and cons of KuCoin
+ Huge number of cryptocurrencies and crypto-assets + Competitive trading fees + Low minimum deposits + Extensive and robust security features | - Unregulated exchange (yet) - Limited payment methods |
What cryptocurrencies and crypto-assets can I trade on KuCoin?
In terms of offerings, KuCoin offers to discover more than 600 crypto-currencies and stablecoins as well as 1,000 crypto pairs on more than 200 markets. It also offers investing in derivatives and access to exchange traded funds. What makes the KuCoin's offering unique is mainly that it highlights emerging crypto-currencies, namely those that have been released most recently.
Trading on KuCoin
KuCoin offers three trading platforms - spot trading, margin trading, futures trading. The exchange also allows to trade a wide range of ETF's on USDT pairs.
As you can see on the picture above, KuCoin offers a wide range of spot, margin and futures trading pairs. The user interface is very rich, offering to sort pairs efficiently. Since KuCoin is specialized in altcoins, the "New Listings" tab allows users to directly spot newcomers and rapidly invest on them.
Register on KuCoin and start trading. Get a 20% discount on your trading fees clicking on the button below:
Spot trading on KuCoin
KuCoin's spot trading platform has more than 1000 trading pairs. There are no less than 100 trading pairs against USDT, and over 150 against Bitcoin! A vast selection that will be prized by "pioneers" looking for the next crypto gem. The exchange also allows for pairs against USDC, TUSD, ETH, BRL, NEO, TRX, DAI and KuCoin Shares (KCS, the platform's token).
Margin trading on KuCoin
KuCoin's margin trading platform allows for leveraged trading, with KuCoin offering leverage up to x10. This level of leverage remains reasonable, and is the one regularly observed on platforms for margin trading. As a seasoned user, you should be aware that even if the leverage is reasonable, there are significant risks involved if it is not controlled.
Margin trading is available for 43 crypto pairs made up with the major cryptocurrencies coupled to USDT, BTC and ETH. KuCoin offers both a manual and an automatic function for borrowing or repaying when taking a position. This possibility is not present on all platforms, and brings a real plus in the user experience.
Futures trading on KuCoin
Finally, with its futures platform, the KuCoin offers to trade derivatives. There are several - although not many - contracts in this category that can be traded against USDT. The leverage possibilities of futures contracts can go up to x100 on KuCoin, which is relatively high.
ETF Trading on KuCoin
KuCoin users can also trade more than 35 ETFs against USDT, including the most popular ones such as Bitcoin, Ethereum, Solana, Matic, Sand and so on.
KuCoin's other crypto investing functionalities
When lending a cryptocurrency on KuCoin, you can set your own interest rate.
- Lending: KuCoin has a crypto-lending platform that allows its users to lend their cryptocurrencies to perveive interests. Users may also borrow cryptocurrencies.
- Staking: users can also stake their cryptocurrencies to generate passive income in return.
- NFT: KuCoin is also home to a wide NFT marketplace called Windvane. It also offers an NFT launch platform called Wonderland.
- Lottery: KuCoin has a lottery platform on which users can bet USDT or KCS to win small prizes with fair chances.
- Trading bot: users can simply configure a trading bot that will automatically place buy and sell orders to generate profits.
Fees on KuCoin
KuCoin's trading fees are among the lowest in the market. Howerver, the exchange can be rather costly when it comes to deposit or withdraw funds. You may find below a detailed description of what you may expect to pay on your KuCoin journey.
What are the deposit and withdrawal fees on KuCoin?
Deposits on KuCoin are completely free if operated via wire transfer or crypto-currency. A 3% to 4% fee applies to deposits via Visa or MasteCard credit cards - at the time of writing this article, credit card deposit fees amouted to 3.80%. The deposit minimums are very low, starting with 10 dollars by credit card and only 1 dollar via bank transfer.
Withdrawals on KuCoin also come with varying fees. For instance, the minimum Bitcoin withdrawal is 0.0005 BTC, with fees ranging from 0.00002 to 0.0005 BTC. FIAT withdrawal are free in USD via Advcash, while a 0.80€ fee is mandatory via SEPA transfer.
What are the trading fees on KuCoin?
KuCoin's trading fees depend on the crypto-asset. By default, on "Class A" cryptocurrencies, KuCoin's trading fees are 0.10% - the same as Binance -, a number that is quite attractive compared to the price charged by other exchanges. They can go up to 0.3% on "Class C" tokens. You may find the detailed fees here. Users that hold KCS can also choose to automatically pay their fees in KCS to get a 20% discount, bringing their trading fees to 0.08% of the traded amount.
KuCoins trading fees depend on the cryptocurrencies. The more you trade, the less they become.
Note that VIP clients - people that trade considerable amounts - can also get additional discounts on trading fees. The amount of the discount is calculated according to the volume of transactions made over the last 30 days and the number of KCS tokens the user has.
TA4Crypto offers you an additional 20% cashback on all your trading fees if you register on KuCoin using this button:
KuCoin's user experience
KuCoins has a website with a pretty basic aesthetic. From the very beginning, we find the charts and current prices of cryptocurrencies on the homepage while various features are displayed at the top of the page, which simplifies access for users. We enjoy the user-friendliness, which will reassure those who are just starting out in trading for the first time.
The platform claims to use a powerful trading engine that can process millions of transactions per second. The trading interface is also simple enough so that beginners won't be afraid of giving it a go.