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Kucoin Review 2023

Kucoin screenshot

Kucoin is a leading cryptocurrency exchange and trading platform. They support 810 coins across 1436 markets.

In this review, we'll cover everything you need to know before signing up. All the main features, pros and cons, included.

Kucoin Overview

Kucoin was built by Johnny Lyu in 2013, and has been in operation since.

The exchange is based in Seychelles, and serves many customers all over the world. Provided you're in one of the supported countries, you're free to trade.

Kucoin Services

  • Spot Trading. Kucoin allows you to trade, buy, and sell, crypto on spot markets. Meaning you're trading the real thing. You can deposit and withdraw this crypto.
  • Futures Trading. Kucoin supports futures trading. Derivative contracts that you can trade on leverage without providing margin.
  • P2P Trading. Kucoin support P2P trading. Where you trade directly with other people through specific payment methods or giftcards.
  • NFT Marketplace. Kucoin has an NFT marketplace, where you can buy/sell NFTs and collectibles.
  • Trading Bots. Kucoin has trading bots that you can use to automate your trading strategies.
  • Staking. Kucoin allows you to stake your crypto and earn passive income.
  • Options. Kucoin supports options trading. Pick a crypto, and guess the direction, if you're right, you earn more crypto.
  • Margin Trading. Kucoin supports trading on margin. Leveraged trading where you must put up collateral.
  • Launchpad. Kucoin has a launchpad for new, exciting tokens. Often low marketcap tokens that are yet to blossom into maturity.
  • Debit Card. Kucoin offers users access to a crypto-backed debit card.

Kucoin Payment Methods

Kucoin supports 43 payment method(s). You can use the following the deposit/withdraw to/from the exchange.

  • Credit/Debit Card
  • Crypto
  • PayPal
  • Apple Pay
  • Google Pay

Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.

Kucoin supports over 47 fiat currencies: USD, AED, ARS, AUD, BGN, BRL, CAD, CHF, CLP, COP, CRC, CZK, DKK, DOP, EUR, GBP, GEL, HKD, HUF, ILS, INR, JPY, KRW, KZT, MAD, MDL, MXN, MYR, NAD, NGN, NOK, NZD, PEN, PHP, PLN, QAR, RON, RUB, SEK, SGD, TRY, TWD, UAH, USD, UYU, UZS, ZAR.

Kucoin Security

Kucoin offers 2 layer(s) of security. Aside from the obvious, email and password.

    Kucoin requires KYC to use their services. KYC usually involves sharing your full details, some form of ID, and a mobile phone number.

    Kucoin Fees

    Like other centralized exchanges, Kucoin charges fees. This is how they generate revenue, and keep their operation running.

    • Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
    • Withdrawal fees. Kucoin charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by Kucoin.
    • Kucoin's maker fees: 0.1%*
    • Kucoin's Taker fees: 0.1%*

    Maker/taker fees are tiered. As you trade more and generate volume, they often fall.

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