KuCoin Exchange Review

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.