KuCoin, known as “The People’s Exchange”, is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in Sep 2017, KuCoin has grown into a popular crypto exchanges and has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally. OKEx is a world-leading cryptocurrency and Bitcoin exchange that provides hundreds of trading pairs for spot and derivatives. We are the leader among cryptocurrency exchanges, with daily trading volume and open interest of Bitcoin futures reaching $1.65 billion and $1.1 billion, respectively. KuCoin is a cryptocurrency exchange that offers deposits and withdrawals for over 400 different cryptocurrencies. In this review, I’ll cover the services KuCoin provides, as well as some of its pros and cons. While this feature is the very essence of transparency enhanced by blockchain technology, the security is further enhanced by different safety protocols. KuCoin offers 2-Factor Authentication to safeguard the user account.
Long term hodlers can also directly stake from their hardware walllets using the Ledger Live app. In an official announcement of KuCoin in July, 2019, this exchange launched an OTC Trading Desk (OTC is short for Over-The-Counter). Traders can execute larger trades at a certain price without causing any fluctuations in the price of that cryptocurrency. Multiple users reported waiting up to two weeks to receive any kind of email response from customer support at KuCoin. For the average trader with less than 1,000 KCS in their account, fees for both maker and taker trades will be 0.1%. For those trading higher volumes and holding more KCS, fees can go as low as 0.0125% for maker trades and 0.03% for taker trades. The trading experience on KuCoin is fairly user-friendly. Along the top menu bar of the KuCoin homepage, users can find tabs for markets, assets, news, trading, derivatives, finance, and support. This article is not a recommendation by The Balance or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. Brian Nibley is a cryptocurrency and cryptocurrency investing expert who has been studying and writing about cryptocurrency since 2013.
Who Is Kucoin?
All you need to do is input the amount of USDT you want to spend to buy BTC at the ‘Best Market Price’ available at the time you execute the order. It will go to the order book immediately and fill at the best available price at this moment. To open a position, you have two options – a limit order and a market order. The withdrawal process is pretty much the same thing in reverse. Complete your KuCoin Token purchase and then find the best wallet to store KCS. The investment — which co-founder and CEO Eerik Oja called a bridge round — is a prequel to a larger Series A round next year. It comprises $6 million equity and $24 million in debt financing. Spotfilm Networx is the leading Advertising-based Video on Demand channel network in Germany, located in Berlin. To ensure the most secure and best overall experience on our website, we recommend the latest versions of Chrome, Edge, Firefox, or Safari. John Schmidt is the Assistant Assigning Editor for investing and retirement.
Is KuCoin cheaper than Binance?
In this case, Binance has a higher value for money score than Kucoin. … Analysing this metric in this Binance vs Kucoin comparison, it’s clear that Binance has the lowest trading fee percentage of 0.10%, while the second place goes to Kucoin with a fee of Up to 0.05%.
It appears that if you are using the desktop site, you can only access the Spot Grid Bot. If you want to use the other bots, you’ll need to download KuCoin’s mobile app, which is available for iOS and Android. You can set the rules for your bot to automatically trade for you, and you can even copy the parameters of the most successful bots. The bots run on a cloud, so your phone or computer doesn’t need to be running for the bot to operate. Coinbase accepts various payment methods that aren’t supported on KuCoin, namely bank transfer , Fedwire, SWIFT and SOFORT/iDEAL. You’re an experienced cryptocurrency trader who wants access to advanced features. Second, if you live in the U.S. there are additional risks in using an unregulated exchange. Authorities are clamping down on U.S. citizens using unlicensed services to prevent money laundering and tax evasion.
Top Cryptocurrencies By Markets
This list is build manually with all the relevant results available on the web. You can click on any of the link and it will take you directly to the page you’re looking for. Even better, we have a sophisticated risk-management system on board that has been protecting our traders from early liquidation. When typing in this field, a list of search results will appear and be automatically updated as you type. Michael Rosenston is a fact-checker and researcher with expertise in business, finance, and insurance.
Does KuCoin work in Canada?
KuCoin, an IDG-backed crypto exchange, announced that its OTC Trading Desk will support Canadian dollars (CAD) at 09:00, May 25th (UTC-8), and users can use Canadian dollars to purchase cryptocurrencies such as BTC, USDT, and CADH.
The way the exchange responded was excellent – they worked quickly to recover a large portion of the stolen funds, and their insurance covered the remaining amount. None of their users suffered losses from this cybersecurity breach. KuCoin and Coinbase are both well-established cryptocurrency exchanges with plenty of features. In this comparison article I will only discuss a few features that make each exchange stand out. I’m not going to describe in detail each service that is offered. If you are keen to learn all about that, you can take a look at my reviews for KuCoin and Coinbase .
KuCoin P2P marketplace is another convenient service provided by KuCoin. Here, you can buy and sell cryptocurrencies like USDT, BTC, ETH, PAX, and CADH directly to and from other merchants. Unlike KuCoin Futures, margin trading occurs directly on the spot exchange, where you can select margin trading markets and place margin trading orders on the exchange. According to KuCoin, users are strongly recommended to complete verification to avoid troubles in the future. Besides, verified users will be able to participate in fiat-to-crypto trading once it becomes available on the platform. KuCoin and Coinbase are both very secure crypto exchanges, with insurance cover for any cybersecurity breaches. Coinbase wins here as it has not experienced any hacks and because it is subject to the USA’s strict regulations and compliance standards. KuCoin has trading bots on their platform that are free for you to use and can help you maximise your profits.
Overall, most users agree that KuCoin is a safe and reliable platform. KuCoin Futures calculates the underlying spot price using the weighted price average from other exchanges like Kraken, Coinbase Pro, and Bitstamp. The Lite interface lets you trade USDT-Margined Bitcoin and Ethereum contracts, as well as BTC-margined BTC futures contracts. At the moment, KuCoin supports Limit, Market, Stop Limit, and Stop Market orders. Also, you can specify extra order characteristics such as Post-Only, Hidden, or Time In Force according to your trading tools and strategy. As of today, KuCoin provides services in most countries in the world, including Turkey, India, Japan, Canada, United Kingdom, Singapore, and many others. Excellent design and the robust trading platform make trading easy and enjoyable for everyone.
Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. There is the opportunity of a fee discount on a large KCS holding, and you might well earn more back on dividends than you spend in fees. Dividends take the form of a constant stream of a very wide range of cryptos added to an account. It’s worth considering whether, with a bit of time and the possibility that other coins might fail, KCS could become a lot more valuable. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
KuCoin works with Onchain Custodian and has insurance from theft and hacks through Lockton. After suffering a hack in 2020, KuCoin used this insurance policy to help refund impacted users. KuCoin’s Trustpilot customer reviews are overwhelmingly negative and its currently rated 1.8/5 overall on the review platform. If you do run into any issues with KuCoin, you’re best shot at solving them quickly is probably to troubleshoot them on your own using the company’s Help Center. Finally, KuCoin also has two mining pools for Bitcoin and Etherum.
The platform also only offers users an online wallet, which is the least secure type of wallet. If the exchange were to be hacked, users would likely lose all of their funds. Find an exchange to buy, sell and trade KCS by comparing deposit methods, supported fiat currencies and fees. Crypto exchanges can be centralized, meaning they are managed by one corporate authority, like a brokerage company that facilitates the security of trades, or decentralized. Decentralized exchanges generally distribute verification powers to anyone willing to join a network and certify transactions, much like cryptocurrency blockchains themselves. This may help increase accountability and transparency as well as ensure an exchange can keep running if something happens to a company running an exchange. Moreover, standard trading fees amount to just 0.1%, which you can reduce by an additional 20% by paying fee with KuCoin Shares. We also like the fact that you can now deposit funds with a debit or credit card, albeit, you will need to bypass a KYC process first. As soon as your KuCoin account has been funded, you are ready to start trading. The specific trading arena that you need will depend on the type of financial instrument you are looking to access.
Its initial supply was set at 200 million, with a monthly burning system that will continue until just 100 million KCS remain. KuCoin token allows traders to benefit from the growth that occurs within the exchange. They originally started as ERC-20 tokens that ran on the Ethereum blockchain, but this is more likely to change moving forward. We provide a wide range of benchmark crypto derivatives, including futures, perpetual swap, and options, all with margin options of USDT or other cryptocurrencies. OKEx is the world’s largest cryptocurrency, spot & derivatives and bitcoin exchange. In African countries that are plagued by currency woes or hyperinflation, cryptocurrencies have emerged as a genuine alternative store of value. The same digital currencies are also increasingly becoming the preferred means of sending remittances or for making cross-border payments. However, some countries are prohibited from obtaining full verification, which would allow larger daily withdrawals. Specifically, KuCoin currently does not permit full verification for traders from the United States, limiting them to unverified withdrawal and purchase limits. The native token of the KuCoin Exchange is the KuCoin Shares .
Read more about Buy Litecoin here. Best options would be to have it stored in a hardware wallet such as the Ledger Nano S and the Trezor devices. We previously wrote an article on KuCoin Shares where you can get detailed information on how much you get paid as an incentive for holding KCS tokens. The 35% given to the founders and 15% which goes to the consultants are bound to a lock-up period. The KCS tokens have a maximum supply of 200 million tokens, and 35% of these would be shared between the founders and another 15% given to consultants. The development of the platform started way back in 2011; building the architecture of the system to be fully extensible and highly reliable. It was finally released in 2017; the platform can perform over 2 million orders every second without delay.
As you can see, on the right side of each asset, there are options to deposit, withdraw, transfer, and to lend. KuCoin gathers all of the different account types in one comprehensive dashboard, and it’s effortless to transfer funds from one to another. Without a KYC verification, you will be able to withdraw as much as 5 BTC per day. If you want to increase this limit, you should have your personal information verified. Staking is the process of locking up KSM tokens in a wallet to earn rewards. Read on to find out how and where you can stake KSM tokens. Learn everything there is to know about Huobi futures and trading cryptos with leverage. Confirm the sell price and fees and close your sale of KuCoin Token. Forbes Advisor adheres to strict editorial integrity standards.
Hover over the ‘Buy Crypto’ button and then click on ‘Buy with Credit Card’. Earn interest lending your cryptocurrencyWith that said, KuCoin has opened its doors to everyday investors by giving you the opportunity to fund margin positions. This is available on several coins – including USDT, Bitcoin, Ethereum, Litecoin, EOS, and many more. KuCoin offers a proprietary trading platform that was built from the ground-up.
- KuCoin mobile app offers two types of trading bots; DCA and classic Grid.
- But sheer availability of coins isn’t sufficient if there are no trades happening.
- All of these factors and more generally contribute to cryptocurrency prices, which is a key data point to know when buying KuCoin Shares / KCS.
- KuCoin lets you buy, sell, and store a wide range of cryptocurrencies.