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KuCoin Review

Last Updated: Oct 25, 2022  |  Published: Apr 12, 2022


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Our Review 

KuCoin is the best crypto exchange for trading without KYC. They have 700+ altcoins, low spreads, <0.10% trading fees and lots of features to explore. On the downside, using fiat requires KYC and the platform can be a difficult for beginners.

Where It Shines:

  • 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+)
  • 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

Where It Falls Short:

  • 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 Exchange

Overview

Updated: Apr 12, 2022

Coins Offered

700+

Trading Fee

0.10% (Plus discounts available)

Fiat Wallets

0 (Not Supported)

BTC Withdrawal Fee

0.0005 BTC

Notable Features

500+ altcoins, top 10 crypto exchange in the world by trading volume, low fees & spreads, advanced trading

Restricted Locations

No Official Info

Video Review

Don't want to read? Watch the video review published on Jan 21, 2022. Some info in the video could be outdated so refer to the rest of the blog post as well.

Kucoin Exchange

What Is KuCoin?

KuCoin is a centralized cryptocurrency exchange with over 10 million users in 200+ countries. They were founded in 2017 and currently rank as a top 10 crypto exchange in the world by trading volume.

They brand themselves as "The People's Exchange." On the platform you'll find lots of features like 700+ coins, their own utility token called KuCoin Token (KCS), spot trading, derivatives, interest accounts, loans, lottery raffles, and much more. 

It's one of the largest exchanges in the world that still does not have mandatory KYC. Users can sign up with just an email address and deposit, trade, and withdraw up to 1 BTC per day.

More Info

  • Founded in 2017
  • Top 10 crypto exchange in the world based on trading volume
  • Over 10 million registered users
  • $480 billion in total transaction volume on the platform
  • Available in 200+ countries

Fees & Spread

Updated: Apr 3, 2022

Price Test & Spread

Price Test (Coming Soon)

Prices

Total BTC Purchase Fee

0.00%

Total BTC Selling Fee

0.00%

Trading Fee

0.10% (plus discounts available)

BTC Spread

0.00%

BTC Buy Price

$00,000

BTC Sell Price

$00,000

Ref. Price Difference

Buy:

Sell:

Reference Price (Google)

$00,000

More Information

We tested 20 cryptocurrency exchanges at the same time to compare the true fees. This data was collected on Mar 2, 2022 at 4:41pm and is subject to change since spreads and prices change daily.

  • *Total BTC Purchase Fee = Trading Fee + Buy Reference Price Difference
  • *Total BTC Selling Fee = Trading Fee + Sell Reference Price Difference

Keep in mind, there could be additional fees for depositing/withdrawing fiat. Check fees for your local fiat currency if it is supported on this exchange.

You can compare all platforms tested on this page

Trading Fee Discounts

KuCoin Trading Fee Structure

Deposit & Withdrawals

Updated: Apr 3, 2022

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

What We Found

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 or the P2P Exchange.

Platform & Features

Updated: Mar 28, 2022

List of Features:

  • iOS, Android and Web app
  • 500+ Cryptocurrencies
  • Spot Trading
  • Margin Trading
  • Futures Contracts
  • Lending & Borrowing
  • Pool-X (Earn and Staking)
  • Trading Bots
  • PoW Mining Pools
  • Affiliate Program
  • KCS (utility token)
  • Spotlight (token launch platform)
  • KuCoin Win (lotteries, battles, etc)
  • And more

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

3. Trading Interface

KuCoin Trading View

KuCoin 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

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.

9. Mining Pool

KuCoin Mining Pool

KuCoin's Mining Pool is another way to potentially earn yield on your investments. It supports Proof of Work (PoW) assets like Bitcoin and Bitcoin Cash with a 2% mining fee.

10. 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

Security

Security is one of the most important features before using a crypto exchange. Here is what we collected about KuCoin's security, reputation and more.

Past Hacks & Incidents

KuCoin was hacked in 2020 for $285 million via some of their hot wallets. Luckily, no customers were actually affected or lost any crypto. KuCoin recovered 84% of the funds and their insurance fund paid back the other 16%.

After the hack, KuCoin's CEO said they made improvements to their security and platform architecture. However, it's a good reminder why you should use non-custodial wallets.

Company Security Features

There is limited info online about KuCoin's company security features. We're not sure how they store users funds but here is what we do know:

  • Partnership with "OnChain Custodian" to back its funds by insurance (not many details available)
  • Bug bounty program - KuCoin will pay white hat hackers to find bugs and vulnerabilities

User Security Features

Here is a list of security features you'll see in your account settings. Most of these are optional:

  • 2 Factor Authentication (via SMS or Google Authenticator app)
  • Biometric login on app (eg. Touch ID)
  • Add a 6 digit trading password for withdrawals, trades, etc
  • View your login history (IP address, device, time etc)
  • Restrict Login IP feature
  • Email Safety Phrase to help identify legitimate KuCoin emails
  • Login Safety Phrase
  • Withdrawal Safety Phrase

Can You Trust KuCoin?

KuCoin is considered a trustworthy platform. They have 10+ million users in 200+ countries and multiple user security features such as 2 Factor Authentication, trading passwords and more.

However, you should not hold 100% of your assets on any centralized crypto exchange. There is always the risk of hacks, government confiscation and more. The safest way to store your crypto is on a hardware wallet (especially for large amounts).

⚠️ Although this platform is safe, over 50% of platforms we tested have had hacks or incidents in the past. We strongly recommend storing and protecting your crypto on a non-custodial wallet where you own the private keys. Preferably, a reputable hardware wallet like the Ledger Nano X.

Customer Support

Updated: Mar 28, 2022

We have not tested KuCoin's customer support but 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

Compared

Compare the world's most popular cryptocurrency exchanges:

Name

Coins

# of Features

Standard Trading Fee

Supported Countries

Fiat Wallets?

BTC Withdrawal Fee

Website

240+

15+

0.10%

190+

No

0.0005 BTC

Binance

Binance 🏆(#1 overall)

600+

30+

0.10%

100+

Yes

0.0005 BTC

150+

15+

0.20%

?

Yes

0.0004 BTC

750+

10+

0.25%

180+

No

0.0005 BTC

50+

5+

0.50%

?

Yes

0.0005 BTC

300+

5+

0.75%

100+

Yes

0.0003 BTC

140+

15+

0.10%

180+

No

0.0005 BTC

170+

10+

3.99%

100+

Yes

Dynamic

110+

5+

0.60%

100+

Yes

Dynamic

30+

10+

0.10%

150+

Yes

0.15%

250+

20+

0.40%

90+

Yes

0.0006 BTC

40+

10+

0%

50+

Yes

0.50%

190+

20+

0.07%

180+

Yes

Free/Dynamic

1000+

30+

0.195%

190+

No

0.001 BTC

60+

15+

1.49%+

60+

Yes

0.001 BTC

60+

10+

0%

100+

Yes

0.0005 BTC

500+

20+

0.20%

130+

Yes

0.0005 BTC

190+

10+

0.26%

190+

Yes

0.00002 BTC

500+

20+

0.10%

190+

No

0.0005 BTC

350+

25+

0.10%

100+

No

0.0002 BTC*

300+

10+

0.155%

100+

No

0.0005 BTC

130+

10+

0%

180+

Yes

0.0003 BTC + $2.99

Best Alternatives

Here are the best crypto exchanges around the world that are supported in many countries. We assessed 21 platforms across 40+ variables and 950+ data points.  

Binance
  • 600+ cryptocurrencies
  • Lowest spreads and fees in the industry
  • Most features in the industry
  • Not beginner friendly
Kucoin
  • Low spreads and fees if you fund your account with crypto
  • 700+ cryptocurrencies
  • Trade anonymously (all you need is an email right now)
  • Not beginner friendly
Crypto.com
  • Best crypto credit cards
  • Earn interest on 40+ coins
  • Lots of fiat currencies supported
  • High spreads
  • User interface
Coinbase
  • Best reputation, publicly traded company
  • Best for beginners
  • Beginner + Advanced trading
  • Very high fees overall
FTX
  • Low trading fees and low overall fees
  • Lots of advanced features
  • Hard for beginners
RankFinance

Find the best crypto exchanges with our free comparison tool


Kucoin Exchange

KuCoin

Get 10% off trading fees

Best Altcoin Exchanges

Binance

Best Overall

Binance

Kucoin Exchange

No KYC

KuCoin

OKX

Top Runner Up

OKX