RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

KuCoin

KuCoin Exchange Review

Centralized

KuCoin Overview

  • KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Also known as “The People’s Exchange”, KuCoin launched in September 2017. They aim to provide users with digital asset transactions and exchange services which are both convenient and exceptionally secure. This is achieved by integrating premium assets worldwide and constructing a state-of-the-art transaction platform. A KuCoin exchange review reveals that they also feature some of the lowest trading fees available on any exchange combined with a swift withdrawal system. KuCoin offers service in multiple languages, and they are building communities in numerous countries across the globe. Lastly, they provide 24/7 customer support 365 days per year.

    KuCoin has grown rapidly since it launched and already has over 5 million registered users from 100 countries and regions. The exchange’s highest daily trading volume surpassed 320 million USD. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks top 5 globally. They have successfully launched the KuCoin exchange app for iOS and in the Google Play Store for Android to keep users trading on the go. Our KuCoin review shows that they have also listed over 180 tokens including about 400 pairs.

    In November 2018, KuCoin announced $20 million USD round A funding from IDG Capital and Matrix Partners.

    KuCoin charges a flat trading fee, meaning the fees for takers and makers do not differ. The exchange boasts a flat fee of 0.10%, which is significantly lower than the global industry average of 0.25%. This gives the exchange a significant competitive edge as the fee is very appealing to the average customer. As for withdrawal fees, the exchange charges 0.0005 BTC. Complete information on specific withdrawal fees for various coins can be found online on their website.

    Though Hong Kong is home to an abundance of cryptocurrency exchanges, their legislation does not have any specific regulations on such exchanges, hence KuCoin is not overseen by any legitimate authority. There also isn’t much information regarding their security system, which could be a risk for certain users.

    The exchange supports a referral program as well as other promotion programs. One of these includes a 30% discount that is applied to users’ fees if they use the exchange’s local cryptocurrency, KCS. These features render the exchange quite user-friendly and attractive to those who are looking for more than the average exchange features.

    The exchange does not allow fiat-crypto trading, so new cryptocurrency investors might be deterred from using this platform as it will not be practical for them. However, users can deposit their existing cryptocurrencies without a fee. Even though new investors might not be able to use the exchange as much, stats show that KuCoin boasts a satisfying level of liquidity, which is beneficial for the average user. This might be caused by the extensive list of cryptocurrencies that are available for trading on the platform.

    KuCoin Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      49523.982 BTC

      • KuCoin Total Trading Pairs

        438

        • KuCoin Margin Trading

          No

          • KuCoin Deposit fees

            Free - No Fee

            • KuCoin Fiat Deposit

              None

              • Accepted Payment Method

                None

                • KuCoin Native token

                  Yes

                  • Native token smart contract

                    KuCoin Shares (KCS)

                    • KuCoin Trading Markets
                      • KuCoin Stablecoins trading

                        KuCoin Withdrawals

                        • Daily Withdrawal Limit

                          Individual: Not verified 2BTC daily, Verified 100BTC daily. Institutional: 500BTC daily

                          • KuCoin Withdraw fees

                            Adjusting based on
                            Market performance
                            Full list here

                            • KuCoin Withdraw fees discount

                              Tiered Trading Fee
                              Discount Program
                              Full details here

                              • Proof of Reserves

                                N/A

                                KuCoin Exchange Rating Analysis

                                Last edit 30.07.2019

                                • Kucoin is a Seychelles based cryptocurrency exchange with its own coin, a good website and prompt customer support response. They do not support fiat, but have a large number of markets supported. They have a public team with a moderately experienced CEO – the rest of the team can be seen online. Some red flags have been identified – the exchange does not offer insurance, so capital is at risk, and additionally, there appears to be discussion online of Kucoin manipulating making trade volumes and hiding key historical data.

                                  KuCoin Exchange KYC and AML

                                  • KuCoin Exchange KYC and AML

                                    ID/Passport
                                    Proof of Address
                                    Selfie with document

                                    • KuCoin AML policy

                                      AML Policylink

                                      KuCoin IEO launchpad

                                      Stage Start date End date Fundraising
                                      MultiVAC

                                      MultiVAC

                                      Apr 3, 2019 - Apr 3, 2019 n/a
                                      Trias

                                      Trias

                                      May 13, 2019 - May 14, 2019 $5.6M
                                      Coti

                                      Coti

                                      Jun 4, 2019 - Invalid date $30M
                                      Chromia

                                      Chromia

                                      May 28, 2019 - May 28, 2019 $15M

                                      KuCoin Exchange Additional Information