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Kucoin Exchange

KuCoin

700+

Coins 

0.10%

Trading Fee 

Seychelles

HQ

Updated Jun 24, 2023  |  Affiliate Disclosure

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Highlights

  • KuCoin is one of the world's largest crypto exchanges by trading volume, offering spot, margin, and futures trading without KYC.
  • Users can enjoy 700+ cryptocurrencies with 0.10% trading fees and 190+ futures trading pairs.
  • They serve over 20 million users in 190+ countries around the world.

What Is KuCoin?

KuCoin is a centralized cryptocurrency exchange with over 20 million users in 190+ countries. Some of their key features include 700+ cryptocurrencies, competitive fees, spot trading, margin trading, futures contracts, and their own native utility token called KCS. They were founded in 2017 and currently rank as a top 10 crypto exchange in the world by trading volume.

In addition, they have an optional KYC policy which is appealing to many users who can no longer use Binance or other platforms that have been banned in their region. People from any country can start trading on KuCoin within seconds and withdraw funds immediately with just an email address. These unverified accounts can deposit, trade, and withdraw up to 1 BTC per day.

Things To Know

  • KuCoin has over 20 million users in 190+ countries
  • KYC is optional, you can trade and withdraw with just an email address (up to 1 BTC/day)
  • KuCoin has low trading fees: 0.1% spot trading fees and a 0.02% maker, 0.06% taker fee on futures
  • No fiat trading pairs are supported
  • It can be tricky for beginners if they don't know how to place market/limit orders and make crypto transfers
  • It regularly has billions in 24H trading volume, ensuring your orders fill quickly

KuCoin KYC Requirements

Similar to exchanges like MEXC and Poloniex, Kucoin turns a blind-eye when it comes to KYC. Users have the option to open an account with just an email address, and not have to share any other personal information. Here are the 3 verification levels. Each level increases your daily withdrawal limit, access to leverage, and access to features.

  • Unverified Accounts: $20K daily withdrawal limit and up to 5x futures leverage
  • Level 1: $25K daily withdrawal limit and up to 20x futures leverage 
  • Level 2: $30k daily withdrawal limit
  • Level 3: $1M daily withdrawal limit and up to 100x futures leverage

Key Benefits & Features

KuCoin Web App Trading Interface
  • 700+ Cryptocurrencies: Whether you want to trade large-cap coins like Bitcoin or Ethereum or lesser-known altcoins, KuCoin has great rates with its high liquidity and low 0.10% trading fees.
  • High Liquidity: KuCoin has hundreds of millions or billions of dollars in trading volume every 24 hours which dwarfs most Canadian-based platforms. With KuCoin's 20+ million users, you get great prices when buying or selling cryptocurrencies.
  • Multiple Account Types: In addition to spot trading, KuCoin users can access margin with up to 10x leverage, and 190+ futures trading pairs with up to to 125x leverage. There are also Ai trading bots and a variety of tools for every kind of trader.
  • No KYC: KuCoin has an optional KYC policy, which appeals to traders who want to trade quickly without having to provide personal information. Users can start trading with just an email address and immediately withdraw funds (up to 1 BTC per day).
  • Lots Of Services: KuCoin also has lending and borrowing, interest accounts, its own native token (KCS), mining pools, an affiliate program, a self-custody wallet, and much more.

Other KuCoin Features

  • Trading Bots: Automatically trade the market based on customized parameters.
  • KuCoin Earn: Earn interest for holding different crypto assets.
  • Lend and Borrow: Borrow funds or earn interest by lending out your crypto.
  • KCS Bonus: Earn a daily reward for holding KuCoin's native utility token, KCS, in your account.
  • Crypto Mining: Participate in mining pools and cloud mining services to potentially earn a yield.
  • NFT Marketplace: Buy, sell and mint NFTs as well as trade fractional NFTs.
  • Affiliate Program: Get rewarded a recurring commission for inviting friends.
  • Halo Wallet: KuCoin's self-custody Web3 wallet.

KuCoin Walkthrough

1. iOS, Android and Web App

Kucoin App Screenshots

KuCoin has lots of features and the platform can be accessed on all of your devices. There's a good user-interface which is similar to Binance however, beginners might be overwhelmed with all of the tabs and features.

2. Buying and Selling

KuCoin offers 500+ cryptocurrencies and multiple ways to buy and trade. On the platform you'll find:

  • Spot Trading
  • Margin Trading
  • Futures Contracts
  • Trading Bots
  • P2P Trading
  • Credit/Debit Card Buys

Many centralized and decentralized derivative platforms like Bybit, Fairdesk, NFTperp, and GMX are gaining traction with users. While KuCoin is centralized, it's one of the few platforms that don't have KYC which is popular with users.

3. Trading Interface

KuCoin Trading ViewKuCoin Trading View

For advanced traders, you'll find technical charts and tools provided by TradingView as well as multiple order types like limit orders, market orders, stop-limit and more.

4. Trading Bot

KuCoin Trading Bot

The KuCoin Trading Bot is a free tool that uses AI to help you automatically trade the market. According to KuCoin, it helps you "earn profits without monitoring the market." There are 4 different trading and investing strategies available:

  • Spot Grid - The bot will place buy and sell orders multiple times in order to profit from volatility and market fluctuations
  • Smart Rebalance - Automatically rebalance your portfolio based on your targets
  • Futures Grid - This bot is similar to the Spot Grid above, but more advanced
  • Dollar Cost Averaging (DCA) - Profit from making regular, periodic investments into the market

Automated trading tools are getting popular. You can find features on Mudrex, Binance, and many other platforms. 

5. Pool-X

KuCoin Earn and Staking

KuCoin's Pool-X lets you earn interest for simply holding different crypto assets. There's a variety of ways to earn which include Staking, Flexible Terms (withdraw anytime), Fixed Terms and Promotions. Dozens of coins are eligible to earn you yield and the APR can range anywhere from 1%-70% depending on the crypto asset and your risk tolerance.

6. KuCoin Spotlight

Kucoin Spotlight

Spotlight is KuCoin's token launch platform. This is a higher-risk investment for people who want to find very early projects to invest in. In a quote from Kucoin, "Spotlight aims to assist blockchain projects in raising the needed funds, attracting market attention and improving industrial influence."

Every launch will be live for a fixed amount of time and offered on first-come, first-serve basis. Only KYC verified accounts are able to participate.

7. Lending & Borrowing

Kucoin Lending and Borrowing

KuCoin Lend lets you earn daily interest by lending out your crypto assets. There are various yields, terms and risks to be aware of. You can also borrow crypto with various interest rates.

8. KuCoin Bonus

If you hold at least 6 KCS in your KuCoin account you can earn a daily bonus up to 50% APR. The reward comes from the trading fees KuCoin earns on the platform. Right now, KuCoin keeps 50% of the trading fees and puts the other 50% into the Bonus pool for token holders.

10. Customer Support

While we have not tested KuCoin's customer support, they offer a chatbot to help you answer questions which can be accessed in multiple languages 24/7. You also have the option to submit a ticket directly. If you don't need to speak with their team, you'll find a help desk with FAQs, articles and a community forum for additional information.

KuCoin Customer Support

11. Other KuCoin Features

  • LuckyRaffling - Lottery Game
  • Futures Brawl - "go long or short to battle and win prizes"
  • Bug bounty program
  • Light mode/dark mode
  • Set custom price alerts
  • Affiliate program

KuCoin Fees

Trading Fee Discounts

KuCoin Trading Fee Structure

Deposit & Withdrawals

There are no fiat trading pairs and you cannot hold a fiat balance in your account but KuCoin lets you "Fast Buy" using a credit card. The other payment methods available are through third-party partners like Simplex and Banxa. You can also use the P2P Exchange.

Fiat Currencies

Fiat Wallets

(Deposit/Withdrawals supported)

0 (Not Supported)

Credit/Debit Card

Yes

P2P Exchange

Yes

Crypto Withdrawal Fees

Type

Fee

Minimum Withdrawal

Bitcoin

0.0005 BTC

0.0008 BTC

Ethereum

0.00625 ETH

0.01 ETH

USDT

35 USDT

35 USDT

XLM

0.02 XLM

10 XLM

Who Is KuCoin For?

The Bottom Line: KuCoin is the best crypto exchange for trading altcoins at low fees without KYC. They have 700+ altcoins, low spreads, 0.10% trading fees, and many features to explore. On the downside, it can be difficult for beginners and KYC is required if you wish to use fiat currencies.

Pros of KuCoin

  • Best Anonymous Exchange: Currently, you can sign up on KuCoin and deposit, trade and withdraw crypto with just an email address or phone number. Crypto withdrawals are limited to 1 BTC per day which is enough for most investors. However, to purchase with fiat, KYC is required
  • Lots of Altcoins (700+): KuCoin has a wide selection of cryptocurrencies.
  • Low Spreads & Fees: 0.00% BTC spread when tested, one of the largest platforms in the world by trading volume, <0.10% trading fees
  • Many Features: Spot trading, margin, futures, lending/borrowing, trading bots, KCS token and much more

Cons of KuCoin

  • Expensive If Using Fiat: Fiat to crypto purchases can have high fees (1.80% or more). We recommend depositing crypto from a local exchange
  • Not Beginner Friendly: Can be overwhelming for beginners
  • Not Licensed or Regulated: Since KuCoin lets you trade without ID, they are not licensed or regulated in most markets like other platforms

KuCoin FAQs

What Is KuCoin's Minimum Withdrawal Amount?

Each cryptocurrency on KuCoin has its own minimum withdrawal amount depending on the coin and network you select but it ranges from $1 to $30 per transaction. As of 2023, there’s a minimum withdrawal of 0.0005 BTC, 0.005 ETH, 0.005 BNB, 1 USDT, 40 DOGE, and 0.002 LTC. Refer to the withdrawal page for more info.

What Is The Max Leverage On KuCoin?

KuCoin offers leverage multiples ranging from 0.01x to 100x. When you open a position, your actual leverage will change as your unrealized profit and loss changes. This means that the leverage multiple can be a decimal and even go beyond 100x. For more information, you can check out this official KuCoin support page.

Who Owns KuCoin?

KuCoin is a subsidiary of MEK Global Limited (MGL), a Seychelles-registered entity. It's unclear who owns what percentage of KuCoin, as the company has not disclosed its exact ownership breakdown. However, it does have multiple co-founders, including Johnny Lyu, Michael Gan, Eric Don, Top Lan, Kent Li, John Lee, Jack Zhu, and Linda Lin. In addition, KuCoin has raised over $150 million from investors across multiple funding rounds.

Where Is KuCoin Headquartered?

KuCoin is headquartered in Seychelles, an island country located off the coast of Africa. They have also announced plans to open regional offices in multiple locations including Bangkok, Hong Kong, and Dubai.


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