KuCoin Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Low fees, you can bring your own token to the exchange, regular promotions
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Low fees, you can bring your own token to the exchange, regular promotions
Our Evaluation of KuCoin
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
KuCoin is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 9.2 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by KuCoin clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
The KuCoin exchange is one of the largest cryptocurrency exchanges with large trading volumes. All major cryptocurrencies and tokens are at your disposal. The proprietary trading terminal is convenient for both novice traders and professionals.
Brief Look at KuCoin
The KuCoin crypto exchange is a platform for exchanging and trading cryptocurrencies, spots, margins, and futures. The list of the exchange’s trading instruments includes dozens of cryptocurrencies such as Bitcoin, Ethereum, Tezer, etc. This crypto exchange offers a user-friendly trading terminal and there are a web and a mobile version for Android and iOS devices. The terminal contains basic analytics, charts, and indicators. There’s a possibility to replenish the account balance from debit cards, cryptocurrency, and electronic wallets. These methods are also available for withdrawal. In addition to the affiliate program (payments for referrals), the site offers unique contests with cash prizes called "Futures Battle".
- he most popular cryptocurrencies and tokens are presented on the exchange;
- cryptocurrency exchange, spot, margin, and futures trading are offered;
- leverage up to x100 in the professional version;
- large trading volumes;
- a detailed guide for novice crypto traders;
- adaptive calculation of the commission depending on the trading volume;
- you can place your token on the exchange.
- crypto exchange’s incomplete localization;
- lack of investment programs.
TU Expert Advice
Financial expert and analyst at Traders Union
To date, the KuCoin exchange offers one of the most profitable fee systems. The fee depends on the trading level, which is determined by the trading volume. Thus, the more active a trader is, the lower his commission fees. This aspect is an important advantage for users who have chosen KuCoin as their primary platform.
Another feature of the exchange is the provision of leverage up to x100. This allows you to increase your income dramatically, but at the same time increases the risk. Not all cryptocurrency exchanges provide such large leverage — but for experienced crypto traders this is a huge advantage, especially given the impressive trading volumes and the presence of major cryptocurrencies and tokens on the site.
Overall, KuCoin offers a vast array of cryptocurrency trading tools. There are spot and margin trading, futures, etc. On the site, you can open a demo account to study the functionality and hone trading strategies. The demo account does not require the introduction of real funds and is devoid of all risk factors. Also, the exchange constantly holds contests with cash prizes (mainly payments in USDT).
- Quick buying and selling of cryptocurrencies under comfortable conditions matter to you. The KuCoin app enables buying and selling hundreds of coins using 70 payment options (Visa, SEPA, crypto wallets). Transactions are instant.
- You're a fan of the NFT industry and a gamer. KuCoin has an integrated service showcasing unique NFT-based video games, including innovative MOBA genre projects. Tokens are freely tradable on both internal and external markets.
- You're accustomed to using professional bots. KuCoin allows bot usage for automated trading but limits them to their platform. According to user feedback, the platform's bots often trade at a loss.
KuCoin Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard, demo |
| 💰 Account currency: | BTC |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, cryptocurrency and electronic wallets |
| 🚀 Minimum deposit: | From $1 |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Zero-entry |
| 💱 Commission: | 0.01% |
| 🔧 Instruments: | Currencies, cryptos |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Limit order, Market order |
| ⭐ Trading features: | Low fees, you can bring your own token to the exchange, regular promotions |
| 🎁 Contests and bonuses: | "Futures Battle" tournament |
KuCoin is one of the fastest-growing cryptocurrency exchanges. It is in many ways similar to the world's leading cryptocurrency exchanges like Binance, as noted by financial experts. Thanks to this, the KuCoin exchange has drawn the attention of a large number of crypto traders worldwide, which provided significant trading volumes and the progressive development of the platform.
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Commissions and fees
The fees of the KuCoin crypto exchange depend on the fee level of your account. The level rises when the activity (trading volume) increases. For example, if you trade less than 100 BTC in 30 days, your taker commission is 0.02%. But if you trade at least 100 BTC, then the taker commission is reduced to 0.015%. There are commissions for the maker. All of this relate also to spots and futures.
Note that the site has withdrawal limits, which are also determined by the trading level of your account. There are fees for deposits and withdrawals — these indicators differ for each cryptocurrency and token. For example, for DASH, the withdrawal fee is 0.002 DASH and the minimum deposit is 0.004 DASH.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From 0.01% for market bid | No |
To understand how profitable the KuCoin’s commissions are, you need to compare the average commission of this crypto exchange with the average commissions of its competitors:
| Broker | Average commission | Level |
|---|---|---|
|
$0.01 | |
|
$6 | |
|
$20 |
Investment Options
The KuCoin crypto exchange does not offer investment programs and other passive income options (excluding the referral program, which will be discussed below). Traders receive their main income from direct trading through the exchange terminal.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
KuCoin’s affiliate program
KuCoin has a standard affiliate program. After registration, each user receives a personal referral link, which he can send to other people or publish in open sources.
A user who registers on the site using your referral link will bring you 20% of his fees on all their transactions.
The condition is valid for 12 months after the registration of the referred user. After this period, the user ceases to be considered as your referral.
An additional affiliate bonus can be obtained if you post a referral link on your blog. In this case, you can get up to 50% of all transactions of your referrals.
The second option (blog referral link) is not available to all users. To get this option, you need to submit a personal application, which may be rejected if the KuCoin administration decides that the activity on your blog/public/channel is not high enough.
User Satisfaction