Highlights
Things To Know
KuCoin KYC Requirements
Similar to exchanges like Binance and Bitget, KuCoin introduced mandatory KYC requirements. Users must now verify their identity to make trades on the platform. If you're looking for the best non KYC platforms, check out our ultimate list.
Key Benefits & Features
Other KuCoin Features
KuCoin Walkthrough
1. iOS, Android and Web App
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 ViewFor 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
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'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
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 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.
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
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
Cons of KuCoin
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.
