Michael Gan and Eric Don, who created the company, designed the platform to offer a secure and straightforward exchange for the worldwide community to invest and trade digital currency. As of the beginning of 2022, KuCoin has more than 10 million registered users in over 200 countries. Up until 2020, the exchange was free of hacks and was considered very secure.

Regulatory constraints, especially for US users, pose limitations and potential risks as well. Tyler Grant is the Editor-in-Chief of CryptoNinjas.net, bringing years of expertise in cryptocurrency trading, blockchain technology, and financial analysis. A former investment strategist, Tyler transitioned to the crypto world early, quickly establishing himself as a trusted voice in the industry. His sharp insights and in-depth reviews have helped countless readers navigate the complex world of digital assets.

What Coins Are Supported on KuCoin?

• KuCoin is a cryptocurrency exchange popular among traders because it lists new and lesser-known coins early, even before they hit the mainstream.
• P2P trading platforms may have slower trading speeds and lower liquidity than centralized exchanges.
• It is a relatively young exchange platform in the industry experiencing significant growth.
• The platform’s strong market reputation is supported by a diverse range of cryptocurrencies and trading options.
• As mentioned above, the exchange has a competitive fee structure.
• Yes, KuCoin offers staking services, allowing users to earn rewards by staking certain cryptocurrencies.

So, now that you know the main info regarding KuCoin fees, let’s get a bit more practical. If you’re unverified, your crypto withdrawal limit ranges between 0 and 30,000 USDT, depending on which KYC steps you’ve completed. If you are verified, on the other hand, you can withdraw up to 999,999 USDT daily (or 500,000 USDT via P2P). Remember, I mentioned before in this KuCoin review that the exchange imposes 24-hour withdrawal limits?

• You also get the FAQ section and the feature of live chatting to get your questions solved.
• Up until 2020, the exchange was free of hacks and was considered very secure.
• The platform operates globally and boasts over 20 million registered users.

KuCoin Review

Once you have funds deposited, you will have to transfer them to your “Trading Account” by clicking the transfer button to a university for a changing world start trading. To deposit and withdraw, however, you need to use your main account’s tab. Fill in the wallet address where you want to send your crypto, select the network (if applicable), and enter the amount. The lawsuit seeks to recover over $50 million in assets that KuCoin froze after FTX’s collapse in late 2022.

Top 20 KuCoin Markets

For those seeking to trade with leverage, KuCoin has a futures contract platform called KuCoin Futures. It’s worth noting that KuCoin also supports Stop Limit and Stop Market orders. These orders set Stop Loss and Take Profit limits, which are particularly helpful if you want to trade actively.

On the other hand, KuCoin is pretty responsible when it comes to its security. The company partnered with Onchain Custodian for the custody of its digital assets. It’s a Singapore-based company specializing in digital asset custody and is backed by Lockton, the world’s most significant private insurance provider. You can buy and sell crypto regularly, but you can also do margin, futures, and peer-to-peer trading. Despite these measures, KuCoin experienced a significant security breach in 2020, with over $280 million in crypto stolen from hot wallets. The exchange managed to recover most of the assets and covered the rest through its insurance fund.

Does KuCoin have a mobile app?

Remember to check your inbox/phone for a verification code to activate your account. If you can’t find what you need in the Help Center, the KuCoin exchange offers online chat on its support page. For more complex issues, you can try contacting KuCoin via email. This might be a good option if you need to provide detailed information or documentation about your problem. This means you can control a large position with a small amount of money. For example, with 125x leverage, you can trade $1,250 with only $10 of your own money.

The platform itself is committed to cold storage, even though KuCoin does not give an exact figure, it is believed that the vast majority of customer funds are kept offline. The remainder is stored in hot wallets to ensure that the platform can continue to offer near-instant and automated withdrawals. The price of each index is denominated in USD but settled in the cryptocurrency of choice. This is done to give a more accurate price for the currency in question since it accounts for the variations across competing platforms. KuCoin now allows you to deposit money directly into your Main/Trading/Margin/Futures/Financial account (click here to learn more about each account’s purpose).

In addition to this, the platform also has various measures in place to prevent security breaches. The non-custodial options are for the extra-cautious who only trust their wallet. You can even connect an offline wallet to KuCoin and use it just as effectively. I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S.

Supported Cryptocurrencies

It used to be buggy but now it’s actually pretty smooth and easy to use. Speaking of trading, are you also wondering how to buy on KuCoin? You can use the Fast Trade option (or any of the other methods I’ve mentioned in this KuCoin review), but since how to make money with cryptocurrency it’s very intuitive, I don’t think you need a step-by-step guide for that. Finally, to get your account open, it’s time to come up with a password.

KuCoin Trading Bot Review

KuCoin also offers other features, such as leverage, margins, and even trading bots for your convenience. More than that, KuCoin also prides itself in having one of the longest lists of available cryptocurrencies. In fact, one of the main reasons the exchange was founded was to give traders access to lesser-known cryptocurrencies. As of this writing, KuCoin has almost 400 coins available for trading.

Step 3: Access the KuCoin P2P Marketplace

KuCoin’s skillful handling of the incident has earned it the respect of its customers. On top of standard crypto-cross pairings, KuCoin offers several indexes; the firm’s idea is to take a weighted average of a specific cryptocurrency over many significant exchanges. The mobile web version of the exchange allows users to trade on the go. The trader can navigate between Markets, Trading, Futures, Assets with one click, choose an order type, pair, and easily execute the order hassle-free. Beneath the full-featured chart, there is an assets overview that features the main account balance. Traders see an Order book and Market Depth on the right when they open the trade screen; beneath them are the tabs for Spot, Margin 10X, and Futures 100X orders.

Moreover, we probed into KuCoin’s distinctive features, employing a comparative approach to benchmark its services against other leading trading platforms. If your focus is spot trading, the maximum maker and taker fee percentages are set at 0.1% for each for Class A coins, 0.2% for Class B coins, and how to buy ndau 0.3% for Class C coins. You can rely on the diverse offerings at KuCoin Earn to keep earning stable profits. The entire approach entails professional asset management, allowing you to choose between “Balanced,” “Advanced,” and “Specialized” plans. After placing the order, follow the payment instructions provided by the merchant.

Users can easily access key features such as security settings, transaction history, and asset management through the dashboard. KuCoin prioritizes account security with tools like two-factor authentication (2FA), anti-phishing codes, and withdrawal whitelists. However, Trustpilot ratings on KuCoin customer support are mostly negative with a 79% negative score.