KuCoin Reviews in 2023 are excellent - Here is why!
KuCoin is one of the biggest crypto exchanges in the world in terms of trading volume. Company digital assets offering is considered the largest in the world. Find below the detailed KuCoin review and check the users’ voice.
Michal Mioduszewski
- One of the lowest fees
- Very high liquidity
- Long list of alt-coins
- Great for beginners and advanced users
- Limited support options
- Limited capabilities of the US version
- Controls your private keys
Review
KuCoin Review Contents
Overview
KuCoin is a cryptocurrency exchange launched in 2017 and operates in Seychelles. It is one of the largest DCE in the world in terms of the trading volume. The platform is known as “The People’s Exchange” for being an early adopter of new digital coins. The exchange offers a variety of services, regular spot exchange, margin trading, crypto contracts and more. KuCoin provides services in 200+ countries and has a native cryptocurrency called KuCoin Shares (KCS) used for it’s ICO and which also is used in loyalty scheme for end users.
Services offered
Spot Trade – It’s the basic functionality of most of the exchanges. You put your ask or bid price for a specific asset, then it goes to the order book where matching transactions are carried out.
Margin Trade – Allows it’s users to borrow money to create a leverage so they can buy more assets. This practice may multiply ones gains, as well as losses so use it with caution.
Contract (Futures) – Futures, also called futures contracts, allows users to lock in the price of the digital asset. This allows users to speculate on the future price of the digital asset.
Staking – Is an alternative to mining. While miners receive a new crypto token based on amount of calculations they made, stacking can earn a crypto by confirming operations on the blockchain. You must own an crypto currency to be able to stack it.
Pool-X – An exchange that provides liquidity for staked digital assets. Users can trade the staked crypto in the platform and obtain liquidity.
Lending – In an alternative to the regular loans. The loan is provided for the fixed amount of time and with on agreed interest rate. The user can choose to lend a stablecoin, bitcon or alt-coins
Payment and payout methods
KuCoin offers various payment methods which are processed by the third party gateways like simplex, banxa and mobilium.
- Debit/credit cards,
- Bank transfers, including: SEPA transfer (for transfers in euro within 36 countries, 27 of which are members of the European Union, all being members of the Single Euro Payments Area). SEPA transfers take up to 7 calendar days to be processed. It is suggested for large amount transactions, euro transactions and withdrawals;
- ApplePay.
Fees
KuCoin fees are known to be one of the lowest in the industry.
- KuCoin charges its users on average 0.1% fee on every transaction. The higher the trading volume is (cumulative 30-day trading volume), the lower the fee is.
- If a user uses KuCoin Shares (KCS) to cover fees, they can get a 20% discount on both spot or margin trade.
- A user needs to consider a withdrawal fee. KuCoin charges a flat fee for each withdrawal – to cover the transaction costs of moving the cryptocurrency out of user’s account.
To check the current rates, please check the KuKocin website.
Currencies supported
KuCoin supports different cryptocurrencies (the options of buying/selling might be different for some countries). In company’s portfolio, a user might find the most popular tokens and many more. Those include:
- BTC (Bitcoin)
- ETH (Ethereum)
- ADA (Cardano)
- EOS (EOS)
- XRP (XRP)
- DOGE (Dogecoin)
- SHIB (SHIBA INU)
- VET (VeChain)
- LTC (Litecoin)
- BCH (Bitcoin Cash)
- LUNA (Luna Coin)
- BNB (Binance Coin)
- XLM (Stellar)
- KCS (KuCoin Shares)
- BSV (Bitcoin SV)
- ICP (Internet Computer)
- TRX (TRON)
- FIL (Filecoin)
- ATOM (Cosmos)
- POLX (Polylastic)
- ALGO (Algorand)
- USDC (USD Coin)
- XTZ (Tezos)
- NEO (Neo)
- GRT (The Graph)
- AAVE (Aave)
- CRO (Crypto.com Coin)
- XEM (NEM)
- POL (Proof Of Liquidity)
- TEL (Telcoin)
- TRIAS (Trias Token)
- EOSC (EOS Force)
- ZEC (Zcash)
- USDT (Tether)
- NANO (Nano)
- VRA (Verasity)
- ETC (Ethereu Classic)
- BTT (BitTorrent)
- CAKE (PancakeSwap)
- DASH (Dash)
- CARR (Carnomaly)
- 1INCH (1inch)
- BEPRO (BEPRO Network)
- EWT (Energy Web Token)
- SXP (Swipe)
- FTM (Fantom)
- BUY (Burency)
Some currencies offered are subject to different trading options.
Countries available
KuCoin is available in most of the countries in the world. However there might be limitations to the transaction types and trading volumes for the users from countries outside of jurisdictions with approved Know-Your-Customer (KYC) rules.
Security
KuCoin declares to be devoted to customers’ security. Here are some examples of security measures applied that we covered in our KuCoin review.
- Tradable assets stored on a hot wallets are insured.
- Most of the customer’s digital assets are stored in a more secure cold wallets.
- Web communication is TLS (former SSL) encrypted;
- Two-factor authentication (2FA) – for better authentication of the users, done by TOTP through an external app, SMS text, or a voice call;
- Bug bounty program – financial motivation for ethical hackers.
Support
- KuCoin offers a wide knowledge base, guiding its users through the crypto trading journey.
- Users of KuCoin have access to 24/7 support via email, chat bot or a ticketing system – where a user can submit any question or report a scam.
Anita –
Months ago, a fellow approached me on Instagram, Introducing me to some type of investing, Although I have heard of cryptocurrency, Bitcoin, Ripple, and a few others, I basically don’t know how it works, I was somewhat convinced by this fellow to invest in their trading platform, after giving it a thought, I decided to invest in this trading platform, I invested about $20,000 during the first month of my Investment, My profit soars high to about $50,000 and I decided to withdraw my funds, hoping I can re-invest with my profits. I was unable to withdraw and was asked to make deposits after deposits for me to withdraw. I figured out it was a scam and decided to get my funds back, It wasn’t an easy task, I was defrauded by some recovery companies too, I was on the verge of giving up when I decided to give my luck one more shot, I reached out to one of the emails I had seen online of an expert in funds recovery, I emailed Eric Nelson, an expert recovery hacker and he was absolutely helpful, with the help of Eric Nelson, I was able to recover all my invested funds from the trading platform and my profits included. Contact them at getbackyourasset @ gmail . com if you are faced with the same situation.
Anita –
Months ago, a fellow approached me on Instagram, Introducing me to some type of investing, Although I have heard of cryptocurrency, Bitcoin, Ripple, and a few others, I basically don’t know how it works, I was somewhat convinced by this fellow to invest in their trading platform, after giving it a thought, I decided to invest in this trading platform, I invested about $20,000 during the first month of my Investment, My profit soars high to about $50,000 and I decided to withdraw my funds, hoping I can re-invest with my profits. I was unable to withdraw and was asked to make deposits after deposits for me to withdraw. I figured out it was a scam and decided to get my funds back, It wasn’t an easy task, I was defrauded by some recovery companies too, I was on the verge of giving up when I decided to give my luck one more shot, I reached out to one of the emails I had seen online of an expert in funds recovery, I emailed Eric Nelson, an expert recovery hacker and he was absolutely helpful, with the help of Eric Nelson, I was able to recover all my invested funds from the trading platform and my profits included. Contact them at [email protected] if you are faced with the same situation.
Tony –
This broker is a scam!! Please guys avoid them. I was only a victim to them because I believe it will be the best for me but am unable to withdraw from them and they keep on asking for more deposit. Am so glad Mrs. HARPER was able to help in getting my funds from Them. God bless you MADAM, But if you wish to get in touch with HER I will be glad to share his info Email: HARPERJAMESPLATFORM @ Gmail . com
Malee –
RECOVER YOUR LOST CRYPTO FUNDS NOW
He is simply the best, never knew I would be able to recover my live savings from my blockchain account that got locked, I was so scared to death, that I thought I lost it all. My blockchain account got locked and I had $70,000 in it.
I did all I could do, all that was required of me to do in order to get my account unlocked, I contacted blockchain’s customer support but it was fruitless. Depression got the best of me and I became restless. My mom knew I wasn’t okay but I couldn’t tell her, I was so afraid of how it would affect her negatively because she was sick at the time. I became a drunk and a nuisance, depression was written all over me and I started getting suicidal thoughts. It went on for a month till I met an old friend who I hadn’t been in touch with for years. I was ashamed to meet him in the terrible condition I was in. We talked a lot then I decided to open up to him about my situation, he sympathized with me but also he did more than sympathize, he offered me the solution to my problem and that solution was Eric Nelson, a certified hacker who specializes in the recovery of funds. I was so glad to meet Eric, that was the best moment of my life. Eric helped me recover 95% of my funds locked in my blockchain account, he is really an angel. If you find yourself in the same condition as mine and you need an immediate solution then Eric Nelson is your guy, contact him at getbackyourasset at gmail dot com