KuCoin has established itself as one of the most reliable and trustworthy cryptocurrency exchanges in the world. Since its establishment in 2017, the exchange has embraced a transparent and growth-driven business philosophy that focuses on providing crypto enthusiasts with some of the best trading tools.
In recognition of its excellent crypto trading services, KuCoin was named in the Forbes 2023 list of the best crypto exchanges in the world. That’s not all! It is also recognized as one of the most innovative crypto exchanges in the Finder’s 2023 Global Cryptocurrency Trading Platform Awards.
When it comes to providing advanced trading tools, only a few trading platforms come close to KuCoin. If you choose the platform, you will be able to explore a wide variety of trading tools like P2P fiat trading, margin trading, futures trading, staking, lending, and automated trading amongst others. In this detailed review, we fully examine all you need to know about this highly commendable crypto exchange.
Key Features Of KuCoin
As we journey through this review, below is a highlight of some of the notable features of KuCoin:
- KuCoin charges low fees on trading, withdrawal and deposit of funds to ensure users don’t pay heavily for using the platform.
- Supports a wide range of cryptocurrencies and blockchains.
- KuCoin operates a transparent business model and it allows public access to its proof of reserve.
- The platform stores users’ cryptocurrency in cold wallets to further enhance its security.
- The exchange holds reputable operational licenses in top countries across Europe, Asia, Africa, and America.
- Users’ funds are safe on KuCoin as the exchange uses a multi-factor security system.
- Friendly interface on its mobile and desktop versions.
- As part of its innovative features, KuCoin permits NFT trading.
- KuCoin allows profit maximization with little effort or trading skills due to the availability of an automated trading bot.
- Extensive collaborations to incorporate emerging trading tools and features for users
- Flexible listing criteria to ensure that users have access to a wide range of cryptocurrencies.
Overview Of KuCoin
Launched in 2017, KuCoin has become an attractive destination for advanced crypto traders and beginners, thanks to its distinctive features. Although its operational headquarters is situated in Seychelles, KuCoin is active in more than 200 countries of the world, positioning it as a global exchange.
This laudable achievement was no fluke as KuCoin has been delivering the best trading services since joining the evolving crypto landscape. Since traders seek a crypto exchange with exceptional trading features, it is no surprise that KuCoin has become their favorite destination. The presence of a wide range of virtual assets alongside other innovative features has showered the exchange with a vast amount of visits.
According to Coinmarketcap, KuCoin enjoys an average weekly visits of more than 2.4 million users. Due to this sizable usage of KuCoin, the popular cryptocurrency exchange has an average 24-hour trading volume of more than $1 billion.
As of December 2023, the cryptocurrency exchange has more than 30 million active users across 200 countries and regions. These users enjoy unrestricted and almost instant access to more than 700 virtual assets on the platform.
There are many virtual assets to trade on KuCoin because the outlet has a flexible listing policy that focuses on providing access to some of the most promising cryptocurrencies in the market right now. On KuCoin, you can explore spot trading, margin trading, P2P fiat trading, futures trading, staking, lending, and NFT ETFs.
In addition to this wide range of virtual assets products and services, the leading exchange has a host of game-changing features that have propelled users to stay glued to its site. One of the distinctive features of KuCoin is its cheap trading and withdrawal fee. The exchange uses a tiered charging system that bills users based on their level of loyalty and patronage to the platform.
While the billing system may charge users differently, in this review of KuCoin, we noticed that the crypto exchange bills users cheaply compared to its counterparts. Likewise, depositing funds on the crypto trading outlet is entirely free for all users.
As a trailblazer, KuCoin has an automated trading bot. This trading bot helps traders to make more money with less effort and market experience. By virtue of this, the exchange has emerged as a preferred trading outlet for many crypto newbies.
KuCoin is highly regarded as a reliable cryptocurrency exchange as a result of its transparent practices. To assure users that their funds are safe, the exchange publicly disclosed its PoR. You can leverage this opportunity to verify how the exchange manages funds entrusted in its custody. Allowing users to verify funds kept in its coffers has convinced both investors and regulators that the exchange is reliable and properly managed.
While being one of the longest-serving crypto exchanges, KuCoin has effectively managed to steer itself off controversial scenarios. First, the proper and transparent management of users’ funds protected KuCoin against insolvency issues. Additionally, the platform, its users, and funds are protected by one of the best security technologies around. By investing heavily in its security, KuCoin has become almost immune to cyber-attacks and hacks.
Getting started with KuCoin is quite simple and fast. You can create your account on the widely-known crypto exchange with just an active phone number or email and your preferred password. However, due to the platform’s compliance with local and international regulations, you may need to go through a KYC process to enjoy advanced features on KuCoin.
You will find every feature of KuCoin on its website and mobile application. The mobile application of KuCoin is compatible with iOS and Android devices. Another eye-catching attribute of KuCoin is its friendly interface. This crypto exchange is designed with a screen-friendly green-themed layout.
You can also switch between the light and dark themes to suit your preferences. Icons on the platform are supported with direct-descriptive details to ensure that users have unrestricted access to every segment on the site.
While compiling this review, we are impressed by the continuous effort of KuCoin to introduce game-changing trading features to its platform. The crypto exchange maintains cordial relationships with other reputable firms in the web3 space. Over the years, the prominent crypto exchange has collaborated with scores of brands to improve its services, ensuring that they are in line with emerging trends.
Top Features Of KuCoin
The availability of top game-changing features on KuCoin cannot be overemphasized. In this segment of our review, we fully scrutinize all the notable features of KuCoin.
Enormous Listing of Cryptocurrencies
One of the standout features of KuCoin is its support for a wide range of cryptocurrencies. If you are looking to keep your portfolio updated with some of the cryptocurrencies with the most potential, we recommend that you use KuCoin. It supports more than 700 assets, meaning traders can rest assured that they will definitely find their favorite crypto on the site.
KuCoin provides you with the best pathway to keep up and invest in new and emerging cryptocurrencies. The platform has a designated place that serves as the gateway to new virtual assets.
Leveraging the opportunity will help you know and invest in new tokens before they hit the higher part of the crypto market. Further, to ensure you make the best out of new cryptocurrencies, KuCoin has a “Spotlight” segment that functions similarly to a DeFi launchpad.
In the Spotlight section, you can scout new tokens and allocate a portion of KuCoin’s native token; KCS. The pathway to commit your KCS to the project on the Spotlight will be open for a while. At the end of the Spotlight, you will receive a portion of the token proportional to the amount of KCS you have allocated. However, new tokens don’t just appear in the Spotlight. KuCoin has a dedicated team that reviews projects before listing them in this segment.
Despite the focus on ensuring that you get your hands on emerging projects, KuCoin is committed to protect you against bad and weightless tokens. Consequently, tokens listed in the Spotlight segment are reputable and void of any illicit activities.
In return, these tokens pose a good Return on Investment (ROI) that can hit more than 70% of the value of the KCS you allocated. On the flip side, there are certain requirements you may need to fulfill before exploring the Spotlight section.
Low Fees
KuCoin, like other renowned crypto trading platforms, employs a segmented billing system. While compiling this review, we learned that charges on KuCoin are cheap and depend on users’ patronage.
You may be surprised that the cheap fee changes from time to time. One of the most famous parts of KuCoin’s billing system is based on your trading volume within a 30-day rolling period.
Basically, the more you trade on KuCoin, the fewer charges you pay! Nevertheless, you can’t pay more than 0.1% as Maker and Taker fee on the trading platform. Another interesting part of this generous system is that you can get an additional 20% discount if you pay the charges with KCS. More so, the generosity of KuCoin also extends to its deposit and withdrawal fees.
Crypto deposits on KuCoin are entirely free. On the other side, crypto withdrawal varies and depends on the coin and its blockchain network. Nonetheless, it is cheaper compared to what other popular exchanges charge. You can make a withdrawal and deposit through more than 50 globally recognized fiats.
For withdrawals, KuCoin employs the services of trusted third-party payment processors. Consequently, the crypto trading platform isn’t responsible for the billing. Rather, the provider of the payment gateway charges users accordingly. You can carry out fiat transitions through the following gateways; debit and credit card, bank transfer, Apple Pay, and BTC Direct. In total, you can make payments on KuCoin through 50 methods.
Optimal Security
Since the unfortunate cyber attack on its network in 2020, KuCoin has implemented various security measures. The most popular of these security measures is keeping users’ funds in cold storage. This has helped to keep the funds out of the sight of hackers.
More so, the exchange collaborated with Onchain Custodian to protect and insure users’ funds. Therefore, users can rest assured that they are covered even if the platform endures a hack or theft as users’ funds are insured. But, there’s simply nothing to worry about as KuCoin is fully secure and backed to repel all sorts of cyber attacks.
Nonetheless, KuCoin understands that hackers may resort to victimizing unsuspecting users by luring them with some digital snares in a bid to drain their funds. To prevent this, it has provided some industry-standard measures to protect your account and assets. Every account on KuCoin is protected by a two-factor authentication that restricts unwarranted access to users’ accounts.
Also, each account is safeguarded by functional measures like login safety phrases, security questions, phone verification, email notifications, trading passwords, and restricted login IP addresses. However, phishing scams are also very common in today’s crypto landscape. To ensure that you don’t fall victim, KuCoin has added an anti-phishing safety phrase to support users’ accounts.
Furthermore, there is also an anti-fraud site in place to kick against mischievous acts on the platform. During the year, KuCoin unveiled its anti-fraud site to protect users. The initiative comes with an advanced anti-phishing verification and business wallet address confirmation.
Hence, the trading platform has eventually emerged victorious in protecting its users against impersonation, which effectively safeguards them from phishing scams.
Trading Bots
Crypto trading bots have become the new trend in the industry. They assist traders in making more profits without supervising the market. While trading bots are considered useful for newbies, nonetheless, you may need some technical trading skills to maximize them to full effect.
KuCoin launched its native trading bots in 2021. Since its launch, the bots have undergone various modifications to improve their service delivery. One of the most recent upgrades to the bot is the introduction of the Smart Rebalance. The feature aids the bot in adjusting your portfolio so that you can make the best use of the market.
Aside from the Smart Rebalance, there are some other automated trading bots on the cryptocurrency exchange. In this review, we learned that each trading bots have their distinguished functions and they are channeled towards assisting users in making mouth-mastering profits while trading on KuCoin. One of these bots is the Classic Grid which supports users in carrying out arbitrage trading on the site.
The Dollar-Cost Averaging (DCA) is another type of KuCoin trading bot. With the DCA, users can acquire a certain cryptocurrency at a predetermined price. Future Grid is also a notable trading bot on KuCoin. This bot allows traders to earn passively by buying low and selling high.
Finally, these bots have proven effective in all market conditions, providing lucrative returns for traders who deploy them perfectly. They can carry out arbitrage trading by leveraging market imbalances to help you maximize your profit.
KuCoin Lend and Earn
As an innovative crypto exchange, KuCoin has designed several rewarding programs for traders to earn passively. One of the best ways to earn on KuCoin is through its lending service. KuCoin Lend is a peer-to-peer service that allows you to put your idle digital assets to work and earn passive returns.
Through this initiative, the platform allows users to lend out their cryptocurrencies to margin traders. It might interest you to know that KuCoin Lend guarantees a return ratio of 2.9% to 5.47% at the end of a lending period.
You can lend margin traders about 50 various cryptocurrencies. Additionally, the program has an automated version that automatically gives your crypto to a margin trader at the end of a certain lending term.
The cryptocurrency exchange usually stands as a referee during the lending term, ensuring that each side fulfills its part of the agreement. Most lending terms range between a week, two weeks, or a month.
Likewise, the KuCoin Earn is another avenue for you to bag passive returns. Under this product, you can earn steady and passive income with professional asset management. Simply, it allows users to stake and explore other promotional packages relating to crypto staking. In this segment, there are more than 60 cryptocurrencies that offer you a tantalizing APY of up to 110%.
In the KuCoin Earn package, your perseverance determines the lucrativeness of your return. The KuCoin earn program works on the ideology of the longer you stake, the more you earn. Staking period varies and it mostly depends on your preference. Some staking periods can take up to a year.
Check out our list of the top crypto staking platforms around.
KuCoin Derivatives
Also, in this review, we discover that KuCoun offers futures, leveraged tokens, and derivatives. You can earn mouth-watering bonuses through the futures segment through packages like coupons and trial funds. You can also earn up to 5 USDT freebies through its daily limit-free package.
KuCoin NFT
You can explore blue-chip NFTs on KuCoin. This service allows you to buy some top collections like HIBAKC without stress. NFTs enthusiasts can also leverage this initiative to design their collection on the crypto exchange.
Check out our guide to discover some of the best NFT projects in the market.
KuCoin Token (KCS)
The cryptocurrency exchange has a native utility token; KCS. This token plays a pivotal role in the smooth running of the KuCoin ecosystem. Holders of the tokens enjoy certain privileges that make the token a must-have. KCS is majorly used for rewards and perks on KuCoin. Holders of the tokens are showered with daily rewards which emanate from 50% of the exchange’s revenue on trading fees.
Likewise, holders of KCS enjoy a trading fee discount that see them pay less compared to others using the platform. Holding KCS also provides unlimited access to projects within the KuCoin Spotlight and certain perks and bonuses.
How Does KuCoin Work?
KuCoin is a centralized cryptocurrency exchange. Primarily, the platform operates as a custodian that helps users to safely keep their cryptocurrencies. Over the years, it has grown beyond being a mere CEX.
KuCoin has incorporated various features that support valuable services like cryptocurrency trading, lending, staking, and more. In this segment of our review of KuCoin, we will provide details on how the cryptocurrency exchange works.
To get started on KuCoin, you must first open an account on the platform. Thereafter, you’ll need to fund your wallet to explore the cryptocurrency exchange. You can make crypto and fiat deposits on the exchange depending on your preference. Crypto deposits are faster and cheaper. You can simply transfer crypto from an existing wallet to your account on KuCoin to get started.
On the flip side, you can decide to use one of the 70 payment options available on the exchange for your fiat deposit. Check the home screen of the exchange, you’ll find the deposit option that provides you the pathway to “deposit crypto,” “deposit fiat” or “buy cryptocurrency.”
Fill in the needed details by selecting one of the above-mentioned options and follow the prompts to complete the deposit process.
However, it is imperative that you complete the KYC process to explore advanced features on the exchange. The KYC process isn’t a tedious one and you can complete it in no time. All you need to do is select your issuing country and provide any of the required documents. Upon verification, you can proceed to fund your account and trade in any of the vast markets that are available on KuCoin.
The home screen has five icons underneath. These icons are Home, Markets, Trade, Future, and Assets. In addition, the icons summarize almost every feature of KuCoin. Above the labels, you can explore the larger part of the platform through options like Reward Hub, Trading Bot, Referral, Cash Gift, P2P, Earn, Market Events, Pre-Market, and Wealth. Spot trade is very easy to find on KuCoin. Just locate and click the “markets” icon, and you’ll find a host of tokens and fiat pairs.
To support your trading decision, KuCoin has charts provided by TradingView to aid traders in following market trends and monitoring the performance of their portfolios. There is also an order-placing segment for buying and selling cryptocurrency.
You can find options like Limit, Market, Stop Limit, and Stop Market orders. Aside from these features, it has an in-built web3 wallet that allows users to store their NFTs on the platform.
Why Should I Use KuCoin?
KuCoin has established itself among the top guns in the crypto landscape. The continuous effort of the exchange to improve on its services has made it one of the most sought-after trading platforms in the world. In this review, we explain why KuCoin comes highly recommended to all categories of traders.
Trading Fees
As earlier discussed in this review, KuCoin charges low trading fees. This factor is indeed a big one to consider when selecting a trading platform. Cheap trading fees are healthy support mechanisms that help maximize your profit. Exorbitant trading fees can take a substantial portion of your trading returns.
KuCoin trading fees are affordable and cheap when compared to others. It charges users based on their loyalty and activeness. Thus, accounts with high trading volume tend to pay lesser trading fees. In the end, paying with the platform’s native token comes with a 20% discount.
Security
KuCoin is one of the few cryptocurrency exchanges that guarantee the safety of users and their assets. Since it is one of the most reliable trading platforms around, it comes highly recommended to those looking to trade safely.
Your funds are safe on the trading platform because they are stored far away in a cold wallet that is beyond hackers’ reach. Every user of KuCoin is protected by anti-phishing and anti-fraud mechanisms. In addition, every account is safeguarded by two-way authentication measures that have proven effective in shutting out unwarranted access.
Wide Range Of Crypto Services And Markets
There are more than 700 cryptocurrencies that are available for trading on KuCoin. The cryptocurrency exchange is the best platform to find some of the best coins to buy now. Also, there are many products in place to help traders maximize their holdings. They include Spotlight, Earn, Lend, and many more.
Flexible Deposit and Withdrawal Option
There are numerous ways and methods you can follow to make deposits and withdrawals on KuCoin. The trading outlet supports crypto and fiat for deposits and withdrawals, providing users with numerous options. All payment options on KuCoin are direct, simple, and easy to use. Deposits and withdrawals with crypto on KuCoin take almost no time to reflect.
Also, the fiat payment channel isn’t bad either. There are more than 70 payment processors on standby on Kucoin to deliver your deposit and withdrawal orders. With the vast payment gateways on the exchange, making deposits and withdrawals is one of the easiest things to do.
Good Reviews
KuCoin is on the good books of crypto enthusiasts who have attested to its reliability and efficiency. The crypto exchange is a reputable platform that has managed to remain in business and provide outstanding services for users.
More so, it has managed to do so despite various challenging market situations and setbacks. Staying ahead of trends since its establishment in 2017 is indeed a laudable achievement.
Likewise, efforts to improve its security, trading services, products, interface, and payment methods have got people talking positively about KuCoin. This positive feedback has earned the crypto trading outlet a 7.7 rating on Coinmarketcap which is considerably high due to the stern competition in the market.
Is KuCoin Reliable And Legit?
More than 30 million users from over 200 countries across the globe trust KuCoin to handle their crypto trading activities. This is a strong pointer to the legitimacy and reliability of the exchange.
KuCoin understands the need to operate under regulations and therefore has put in place good measures to comply with international standards. KuCoin is an international crypto exchange and it has the backing of top regulators globally.
The crypto exchange is not licensed in the United States due to the regulatory confusion in the country. We expect things to change as soon as the United States comes up with a clear regulatory framework for the industry. Hence, it is safe to say that KuCoin operates legally and its operational standards are in line with various local and international regulators.
In terms of reliability, KuCoin is definitely a platform to trust. Its practices are of a global standard which indicates that users’ funds are properly kept. As a transparent exchange, KuCoin ensures limitless access to its proof of reserves. Every user from all corners of the globe is well-informed about the financial status of the exchange.
The public display of its proof of public funds has established a trustworthy relationship between the exchange, its users, and other notable members of the crypto community. Users’ funds are not only properly managed, but are adequately insured to cover reimbursement during a worst-case scenario of a hack or cyber attack.
Another pointer to the reliability of KuCoin is its team. The platform is operated by a team of reputable experts that focuses mainly on offering some of the best trading experiences on the platform.
Partnerships And Investments
As part of its commitment to expand its offerings and drive the global adoption of crypto and blockchain technology, KuCoin has collaborated with many reputable establishments. Just recently, its incubation arm, known as the KuCoin Labs joined forces with OOFP, a project within the Bitcoin ecosystem.
Amid the growing interest in inscriptions, OOFP is seeking to provide an enablement for assets to thrive on the Bitcoin ecosystem. Its collaboration with KuCoin Labs is geared towards expanding ecosystem partnerships with every Bitcoin asset, including BIIS and DOVI, driving innovations and broadening access to blockchain technologies. To complement this transformative initiative in the Bitcoin ecosystem, KuCoin has also unveiled a strategic investment in DOVI.
Being one of the leading brands in the industry, KuCoin is truly committed to supporting emerging Web3 projects. Therefore, it came as no surprise that it launched a grant program for TON-based “mini-apps” through its investment arm.
According to the announcement, projects based on the TON ecosystem, like the Future3Campus, TON Bootcamp, and three others were picked to benefit from the support. With this initiative, KuCoin aims to raise awareness about the TON blockchain.
Despite the extreme volatility that greeted the crypto and NFT space in 2022 and 2023, KuCoin proved to be relentless in improving its offerings and promoting users’ experience. In 2022 for instance, it became the first centralized exchange to launch NFT ETF products. More so, in a bid to widen the NFT market, the renowned crypto exchange partnered with Fracton.
That’s not all. KuCoin also boasts the support of the Susquehanna International Group (SIG). Apart from injecting a $10 million investment in KuCoin, the group is also working together with the exchange to empower promising crypto startups on the KCC chain and drive efficient blockchain integration. KuCoin leveraged the funding to enhance the infrastructure of its platform, improve its product lineup, and cement its presence across the globe.
To ensure that its offerings complement the preferences of emerging users, KuCoin also collaborated with Coinrule to provide automated trading features. Occasioned by this development, Coinrule integrated KuCoin’s market data so that users can buy and sell cryptocurrencies on the exchange through its API. Aside from that, Coinrule also incorporated margin trading, futures trading, and many other features on KuCoin.
There’s no doubt that automated trading is one of the latest trends in the crypto space. KuCoin launched its own trading bot service in 2021 with support for five advanced trading strategies. This feature allows users of the exchange to gain passive income without supervising the market.
Check out our guide to learn more about Telegram bots.
Finally, KuCoin has built a strong reputation as the “people’s exchange” through its various philanthropic gestures. Recently, it donated $100,000 to support the social welfare initiatives of three organizations – Global CSR Foundation, American Medical Women’s Association (AMWA), and the African Children’s Solar Lamp Project.
Is KuCoin Secure?
When it comes to providing optimal security to users of its platform, KuCoin has done well. It understands the growing importance of robust security amid the increasing number of traders and volume of transactions in the industry. Therefore, it has invested in developing new security technologies to deliver a secure ecosystem.
In addition, KuCoin has also executed rigorous internal controls and monitoring features to protect users and their assets against any potential threats. Some of these measures include 2FA Google Authenticator, 2FA SMS, and SSL. Each of these features plays a huge role in strengthening the security of KuCoin. Hence, traders, including newbies, can rest assured that all their financial transactions on the platform are fully protected.
There is also a KYC/AML feature on the exchange to verify the identity of users and avert financial crimes such as money laundering. To increase your withdrawal limits and access more features on the exchange, users need to undergo this verification process. This simply means all the activities on KuCoin comply with international standards.
Since 2020, KuCoin has never been a victim of security breaches, thereby earning it a spot in Forbes’ list of the best crypto exchanges across the world. It has a formidable relationship with a Singapore-based crypto security firm, Onchain Custodian. All the assets on KuCoin are in the custody of OnChain and backed by Lockton, a private insurance brokerage.
Alongside its indisputable security system, KuCoin has also demonstrated its unwavering commitment to transparency. In the wake of the FTX crisis that threw the crypto market to its lowest low, KuCoin was among the few crypto firms that verified and audited its PoR. Then, it employed an international accounting firm, Mazars, to carry out a third-party fact-finding examination of its reserves.
Pros And Cons
Pros
- Advanced trading features, including margin trading, futures trading, and more.
- Low trading fees.
- Fast and easily accessible.
- Excellent customer support service.
- Robust security system.
- Trusted by 30 million users.
- Present in over 200 countries.
- Support a huge assortment of crypto assets.
Cons
- Users may have to engage in a KYC verification process to increase their withdrawal limits.
Available Countries
Being a global exchange, KuCoin has cemented its presence in over 200 countries, offering crypto trading services to more than 30 million users. The popular crypto exchange is fully available in countries like Bahamas, Argentina, Bahrain, Brazil, Canada, Chile, China, Colombia, Denmark, El Salvador, Egypt, Czech Republic, France, Germany, Georgia, Finland, Greece, Hong Kong, India, Italy, Japan, Luxembourg, Malaysia, Mexico, Netherlands, Qatar, Singapore, Switzerland, Turkey, UAE, United Kingdom, Uruguay, and many more.
Currently, it is rated as one of the top crypto exchanges by volume, according to CoinmarketCap. Users can get started on KuCoin and explore all its advanced trading features with ease.
Nonetheless, like other crypto exchanges, KuCoin is still restricted in the U.S. due to regulatory confusion in the country. Although residents in the U.S., can register or create an account with the exchange, they will remain unverified.
User Experience
Our review discovered that KuCoin gives utmost priority to users’ experience. Therefore, it has designed scores of trading tools to enable traders to manage their investments strategically. Generally, the platform is fast and quite responsive, thus making it a reliable force to reckon with. Traders who use KuCoin have testified to its capacity to deliver instant services.
Outside that, you can also explore any of the features on KuCoin anytime, anywhere. Like other established crypto exchanges, it has a mobile app that can be downloaded via the App Store and Google Play. KuCoin is a popular firm and thus understands that copycats might be trying to imitate its mobile application to swindle unsuspecting users.
To avert this, KuCoin has provided a direct link to the download page of the app on its website. With this, the risk of users downloading the wrong app has been fully eliminated. Like its web version, the mobile app is also fast and easy to use. You can create an account in no time. Overall, our review considers KuCoin to be a user-oriented crypto trading platform with a strong focus on inclusiveness and security.
Supported Wallets
KuCoin is compatible with several wallets. In this segment of our review, we highlight some of the wallets that are supported by KuCoin. They include:
- MetaMask
- Trust Wallet
- Ledger
- Coinbase
- TokenPocket
- iToken Wallet
- imToken
- Torus
Also, the crypto exchange has its own dedicated wallet that is available for use as well. This wallet is commonly known as the Halo Wallet and it is specifically designed for long-term users of the crypto exchange.
Check out our list of the top DeFi wallets to use this year.
Customer Support
The presence of an effective customer support service is important in resolving any issues that users may encounter while using crypto platforms. KuCoin provides this service through its 24/7 live chat and email feature. If you need an immediate resolution to the issue you are facing, we recommend that you use the live chat option.
The email feature, on the other hand, may not be fast but it is helpful in resolving complex issues. To leverage this option, you can use support@kucoin.com.
How To Create An Account On KuCoin
As earlier mentioned, creating an account on KuCoin is very easy. In this review, we present a step-by-step guide on how to register and enjoy the features on the exchange with a few clicks.
Step 1: Visit the official site of KuCoin. For the purpose of this review, we have provided an affiliate link to the KuCoin site. Leveraging this link eliminates the risk of using the wrong site.
Step 2: Create an Account. To do this, you will have to find the “sign-up” feature on the top right of the site. Input your email address or phone number. A verification code will be sent to your mailbox. Type the code and insert your favorite password. While creating your password, endeavor to use capital and lowercase letters and numbers. Click on the sign-up button and your dashboard will be displayed in a few seconds.
Step 3: Verify your Identity. To enjoy higher withdrawal limits and other advanced features on KuCoin, it is expected that you undergo its KYC verification process. To do this, you are expected to provide your means of identification like a Driver’s license, Passport, or ID Card.
KuCoin Review – Our Verdict
If you are looking for a reliable and secure exchange to buy and sell hundreds of cryptocurrencies, KuCoin is undoubtedly one of the best brands you should consider. However, that’s not the only feature that has positioned the exchange above its peers.
KuCoin also offers advanced trading features like automated trading, margin trading, futures trading, and more. Some of these features are being integrated by other crypto firms. Hence, it is not surprising that KuCoin has become the favorite of professional traders.
Also, we fully review the security system of KuCoin and consider it to be robust. Hence, rest assured that all your personal details and financial transactions on the exchange are safe and concealed from third parties. As a highly revered brand, KuCoin has been earning the collaborations of other top crypto firms.
Overall, KuCoin is a comprehensive platform for crypto trading. While deposits and withdrawals on the site are swift, the fees charged on each transaction are relatively low when compared to others. It also stands out when it comes to providing instant and ever-ready customer support service.
Therefore, to fully experience a memorable trading experience, you are invited to fully explore all the features delivered by the exchange.
FAQs
When was KuCoin launched?
KuCoin was launched in 2017 to provide a plethora of crypto trading services. It is trusted by more than 30 million traders across 200 countries of the world.
How can I get started with Kucoin?
Creating an account on KuCoin is one of the easiest things to do. You are only required to provide your email or phone number and a password to create your personal account. However, you might be required to undergo a KYC verification process to explore all the advanced trading tools on the site.
Does KuCoin have a mobile app?
Yes, KuCoin has a mobile app that is compatible with iOS and Android devices. With this app, traders can explore all the exciting features of KuCoin anytime, anywhere.