Kucoin Exchange review

Sign-up on Kucoin

Kucoin exchange is one of the most popular global cryptocurrency exchanges. On the Kucoin platform, you can buy cryptocurrency using a Visa or MasterCard debit/credit cards, Apple Pay, SEPA bank transfers, and many other buying options. Also, using Peer to Peer transactions, there will be more buying possibilities. For example, PayPal, Perfect Money, Payeer, Skrill, Wechat, and others. Is Kucoin safe? Keep reading this Kucoin review and find out more about one of the top cryptocurrency exchanges.

Kucoin exchange video review

View the Kucoin’s exchange 24h volume, supported cryptocurrencies, and trading pairs. Also, stay updated with their Twitter profile, recent tweets from the Kucoin platform.

Buy crypto with a credit/debit card on Kucoin exchange
Buy crypto with a credit/debit card on Kucoin exchange

Buy crypto on Kucoin exchange

The simplest way to buy crypto coins on the Kucoin exchange is by credit or debit card. Users of Kucoin can purchase directly, only using a Visa or Mastercard. Also, Kucoin integrated three different payment channels, Simplex, Banxa, and BTC Direct, and the platform will determine the best rate for you to get the most out of your money.

The payment can be made in many different fiat currencies. For example, USD, EUR, CAD, AUD, RON, and many others. Also, the users can buy many cryptocurrencies only using their credit/debit cards or any other payment option the user prefers. For example, Bitcoin (BTC), Ethereum (ETH), ChainLink (LINK), Dash (DASH), Litecoin (LTC), Tron (TRX), Ripple (XRP), and many others.

Using the Peer to Peer buy crypto feature, users will have more extra buying possibilities. Therefore, the cryptocurrency assets can be purchased using:

Also, Kucoin introduces a fast buy innovation, which users can use to buy Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) with zero fees and a more instant arrival of crypto funds purchased.

Fast buy cryptocurrencies on Kucoin

Kucoin exchange short history

The Kucoin exchange was launched in September 2017 and it operates in Seychelles, with customer assistance service in many different languages. Also, Kucoin has established local communities in different global countries. For example, Italy, Spain, Russia, Japan, India, and many other countries.

As you might know, the Kucoin exchange experienced a hack in September 2020. When different cryptocurrency assets were stolen from the exchange’s hot wallets, the hack was valued at approximately $285 Million.

Despite that in the past it was not very usual that the crypto funds hacked to be recovered. Kucoin exchange took the initiative and with the collaboration of other cryptocurrency exchanges, recovered all the stolen funds.

Nowadays, the Kucoin’s popularity is increasing, being one of the top global cryptocurrency exchanges by 24h trading volume.

How to register on Kucoin

The registration on Kucoin Exchange can be done with a mobile phone number or using your e-mail. The KYC – (know your customer) verification is not required. But for the users who intend to trade a considerable amount of cryptocurrencies, and also to be able to withdraw larger amounts, the KYC will be necessary.

Sign-up on Kucoin
Sign-up on Kucoin

Also, to buy cryptocurrencies directly on the Kucoin exchange, the KYC will be required by the third-party platforms. For example, Simplex, Banxa, and BTC Direct.

Trade crypto on Kucoin

Kucoin exchange offers multiple trading options. And these are:

  • Spot trading;
  • Margin trading;
  • Instant trading;
  • Futures trading (ex KuMex platform);

Users will have a main account to deposit and withdraw crypto assets. And from this account, the funds will need to be transferred to the wanted trading account.

The instant trading feature is with zero fees, and users can instantly exchange Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). Therefore, this is a good option for a fast exchange with no fees.

Kucoin instant exchange with zero fees
Kucoin instant exchange with zero fees

The Kucoin exchange supports almost 350 cryptocurrencies, and the platform is continually adding more. Also, in the section of the market, the user will find the grouped crypto assets to easily enter the desired market. For example, there will be a Stable coin market, Bitcoin market, DeFi market, Kucoin shares market, Altcoin market, NFT market, and a Polkadot market.

  • USD
  • EUR
  • GPB
  • AUD
  • JPY

Kucoin Shares (KCS) is the crypto asset behind the exchange’s ecosystem, and holding KCS in your wallet can get lower transaction fees and also many earning possibilities.

For the tradesmen who like to trade in futures, Kucoin Futures has a lite version of trading and for the more experienced users, a Pro version of Kucoin Futures trading.

Earn with Kucoin exchange

Kucoin exchange offers different earning possibilities. For example, Crypto Lending, Pool-X (Staking + POL Mining), Soft Staking, KCS Bonus, and a referral program. Let’s take every one of them and see what it is to offer.

Crypto Lending

As it sounds, with this feature users can lend their crypto-assets and gain some interest over their funds. Crypto lending can be done in three-period terms. As a result, the funds can be locked in lending for a period of 7 days, 14 days, or 28 days.

Crypto lending on Kucoin
Crypto lending on Kucoin

At this time, users can choose from over 50 cryptocurrencies to lend and gain some interest. All major cryptocurrencies are supported to lend. For example, USDT, BTC, ETH, LINK, SUSHI, UNI, and much more.

Pool – X staking on Kucoin exchange

With Pool – X, users of Kucoin can start and stake ETH2.0, with no required minimum amount of 32 ETH. Also, the Kucoin exchange has a trading pair of ETH2.0 / ETH. As a result, you can trade your Ethereum for Ethereum 2.0 and start staking on Pool-X.

Pool – X staking has flexible deposits and withdrawals and users can choose from multiple cryptocurrencies to stake. For example, Tron, Kusama, Eos, and the recently added IDEA – Staking with an annualized yield of 24%. Keep in mind that the rates can change at any time. Also, do your research before investing in any crypto.

Pool-X staking on Kucoin exchange
Pool-X staking on Kucoin exchange

Soft staking

Soft staking is also available on the Pool-X platform from Kucoin. The rewards of soft staking will be distributed on a daily basis and the crypto-assets will not be locked in staking. Users of soft staking will only need to hold crypto assets in their wallets.

There are also multiple cryptocurrencies to start soft staking. For example, Tron, Polkadot, Kusama, Cardano, Algorand, and many many other crypto coins.

Kucoin token (KCS) bonus

Holding KCS tokens in your Kucoin exchange wallet will bring you daily bonuses in KCS. Also, depending on every user on how many KCS tokens are holding in their wallet, this will reduce the trading fees by up to 12 levels.

The Kucoin trading fees are already low, without any KCS tokens in the wallet, the trading fees are 0,1% for both maker and tacker. Be informed that these fees are not available for all of the trading pairs. The best way to see the trading fees is when you make a trade.

Kucoin exchange referral program

Every time you refer to a new user that signs-up through the referral link or with the referral code that you have on your Kucoin account, you will gain rewards from their paid fees. Therefore, the rewards will depend on the referred user’s trading amount.

On the Kucoin exchange, users will also find several contests to enter to earn different prizes. For example, at this time, in the “Futures Brawl” contest, there is an iPhone 12 and 1 BTC as earning prizes.

Is Kucoin safe?

Kucoin exchange offers multiple security features to keep your account as safe as possible. Therefore, to keep your account secure, turn on as many security characteristics as you like.

Security features:

  • Login account password – choose a strong password for your account;
  • Google verification – extra security with Google Authenticator for creating API Keys, account login, withdrawal transactions;
  • Phone verification – use your phone to verify at account login, API Keys creation, funds withdrawal transactions;
  • Email verification – works in the same way as the phone number;
  • Trading password – used for starting trading on Kucoin exchange, transactions, withdrawal, API Keys creation;
  • Restrict login by IP address – if this feature is enabled, the account can be accessed from only what IP address the user chooses;
  • Email safety phrase – set up a safety phrase to avoid phishing attempts from other sites;
  • Login safety phrase – this security feature will display your safety phrase when you login;
  • Withdrawal Safety Phrase – the confirmation window will include the anti-phishing code.

Final thoughts

Kucoin exchange is also available as a mobile app. Therefore, your trading experience with Kucoin, can go mobile and trade your crypto everywhere you are. More about the Kucoin mobile app will come shortly with a different review. Sign-up to my email list and stay updated.

Kucoin exchange now offers a very simple and fast way to buy cryptocurrencies. Also, it supports multiple fiat currencies and many different payment options. As a result, the Kucoin exchange is a very good platform to buy and start trading crypto assets.

As their slogan says, “Find your next gem on the Kucoin exchange”, users can start trading almost 350 cryptocurrencies with low fees or no fees and find their next crypto gem.

Although the Kucoin exchange experienced a hack during the past year, the platform recovered for their users, all the stolen cryptocurrency funds. As a result, this is making Kucoin a trustworthy cryptocurrency exchange.

Also, regarding this hack, Kucoin is continuously improving their platform security.

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This Kucoin review is intended for informational purposes only. Therefore, the views expressed in this document are not, and should not, be construed as investment advice or recommendations. Readers of this document should do their own research, taking into account their specific financial circumstances. Also, the investment objectives and risk tolerance before investing. This document is not an offer, nor the solicitation of an offer, to invest, buy or sell any of the assets mentioned herein.

This post might contain affiliate/referral link(s) or referral codes. All this means that I may earn advertising/referral fees if you purchase/register through my link.

NOTE: The affiliate links DOESN’T BRING ANY EXTRA COST TO YOU, it will just help to keep this little blog active.