CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

KuCoin Exchange

KuCoin
KuCoin Exchange crypto exchange review. We show you the fees, platforms, features, benefits, and drawbacks of KuCoin in 2022.

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KuCoin Exchange Review

KuCoin is a cryptocurrency exchange which was established in 2017. Traders can access a wide range of products in a variety of markets, including crypto spot and derivatives.

Browser based platform and mobile apps for iPhone, Android, and tablets are among the online trading platforms offered by KuCoin.

KuCoin is a spot and derivatives cryptocurrency exchange. This means that they offer products suitable for both investors and speculators. When you trade the spot market you own the actual coins which you buy and sell. Derivative markets allow you to speculate and trade on the price of a coin without owning it.

A minimum deposit of 1USD is required for a live account. KuCoin, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform. They aren’t currently regulated. KuCoin was established in 2017 and their head office is in Singapore. Before we get into the specifics of their spreads, fees, platforms, and trading tools, you might want to open the KuCoin website in a new tab by clicking the button below to get the most up-to-date information directly from the company.

VISIT KUCOIN

Disclosure: If you sign up with a broker through one of our links, we may receive a commission.

What are KuCoin’s spreads & fees?

KuCoin, like most exchanges, charges a fee based on the transactions which occur on the exchange. These can depend on the coin which you trade, as some coins have higher trading and withdrawal fees.

Choosing at what time of the day and through which coins to transact can lower your fees.

Before you complete a trade on their platform, it will show you a breakdown of all the fees which you may incur. Checking these fees before completing the trade could save you money.

As KuCoin is an exchange the spreads very depending on trader activity. Any spreads displayed on our website are for information purposes only.

Please visit KuCoin’s website for current spreads and fees.

As you can see, KuCoin’s BTC/USDT spread was 0.10 USDT when we wrote this review. This is low when compared to the average BTC/USDT spread of 8.00 USDT.

What can you trade with KuCoin?

Over 500 different coins are available to trade at KuCoin.

Below, we’ve summarized the offering of KuCoin’s several types of markets, as well as the markets offered by some of their competitors for comparison.

MARKETKuCoinBinanceCrypto.com
Spot TradingYESYESYES
Futures TradingYESYESYES
launchpadYESYESYES
Options TradingNOYESNO
DEX TradingNOYESNO
NFT TradingNOYESYES
Borrow/lend CryptoYESYESYES
StakingYESYESYES

What’s the trading experience like?

1) Platforms and apps

KuCoin offers a web-based platform which allows you to use it on any device which has a browser. 

They offer Android and iOS mobile apps, making it easy to keep track of and execute trades while on the go.

See KuCoin’s platforms

2) Executing Trades

You can trade as little as 1USD with KuCoin. Depending on the cryptocurrency you trade, this may differ. Maximum trade size depends on the available liquidity on the exchange.

Margin requirements vary by account, and instrument, as they do with most exchanges.

KuCoin offers leverage as high as 10x for spot trading.

Stop losses trailing stop losses limit orders price alerts api trading and other features are available. Here you can find a list of all of KuCoin’s account features.

We have included a list of some of the most common funding options that KuCoin provides to its traders.

  • Crypto
  • Bank Transfer
  • Card

3) Client support

KuCoin offers support in languages like English, Portuguese, Chinese, Dutch, German, French, Spanish, Italian, Vietnamese and Russian.

4) What you’ll need to open an account with KuCoin

Most crypto exchanges allow you to open an account without providing documents. This type of account will be severely limited in terms of maximum deposit and withdrawals.

In order to have higher deposit and withdrawal limits with KuCoin you need to pass verification by providing the following documents:

  • a color copy of your passport, driver’s license, or other government-issued identification
  • a three-month utility bill, bank or credit card statement that shows your current address

They may also ask you to go through a verification of identity via your laptop or phone camera.

If you decide to trade using leverage, you’ll also need to answer a few questions regarding your trading experience.

You may be able to explore their platform right away, but as mentioned before until you pass verification, your deposits and withdrawals will be capped. Verification depending on the circumstances could take from a few hours up to a few days.

To begin the on-boarding process with KuCoin, you can go to their website.

KuCoin

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Compare Crypto exchanges here.

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