A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best one for you. This review of KKCoin consists of four parts: general information, fees, deposit methods and security.
KKCoin is an exchange from Singapore that launched in 2017. There are numerous other exchanges from Singapore. Singapore has really established themselves as one of Asia’s largest crypto hubs.
KKCoin also has a mobile app. You can download the mobile app on both App Store and Google Play. Most traders do their crypto trading on desktop, but if you prefer to do it via mobile, that’s no problem with this exchange.
US-investors may not trade here today. Accordingly, if you’re a US-investor and you’re in love with KKCoin, you’ll have to wait. In the meantime, use our Exchange Finder to find out which exchanges that today support US-investors.
KKCoin also offers leveraged trading on its trading platform. This means that you can receive a higher exposure towards a certain crypto’s price increase or decrease, without having the assets necessary. You do this by “leveraging” your trade, which in simple terms means that you borrow from the exchange to bet more.
For instance, let’s say that you have 10,000 USD on your trading account and bet 100 USD on BTC going long (i.e., increasing in value). You do so with 100x leverage. If BTC then increases in value with 10%, if you had only bet 100 USD, you would have earned 10 USD. As you bet 100 USD with 100x leverage, you have instead earned an additional 1,000 USD (990 USD more than if you had not leveraged your deal). On the other hand, if BTC decreases in value with 10%, you have lost 1,000 USD (990 USD more than if you had not leveraged your deal). So, as you might imagine, the balance between risk and reward in leveraged deals is quite fine-tuned (there are no risk free profits).
According to information on this exchange’s website, obtained on the date of first writing this review (9 October 2019), the 24 hour trading volume was approx. USD 152 million. This trading volume was very impressive. On the date of last updating this review however (16 March 2020, right in the middle of the crisis with COVID-19), the 24 hour trading volume had increased substantially, up to USD 452 million (according to CoinGecko). This is a very impressive trading volume.
KKCoin Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. This is the trading view at KKCoin:
KKCoin Trading fees
The exchange offers a flat trading fee of 0.10%. This means that both the taker, meaning the person who places the order that matches or “takes” an existing order, and the maker, the person placing the order that provides the liquidity in the market, pay the same fee: 0.10%.
0.10% is below industry average. Industry average is arguably around 0.25%.
The trading fees are thus a competitive advantage for KKCoin.
KKCoin Withdrawal fees
There are a few exchanges out there that lure you in with competitive trading fees, but then hit you on the way out with hefty withdrawal fees. One could argue that KKCoin almost qualifies to be such an exchange. This is because if you withdraw BTC here, you pay a fixed withdrawal fee amounting to 0.002 BTC. The global industry average BTC-withdrawal fee is 0.000812 BTC (60% lower than what KKCoin charges).
This trading platform does not accept any other deposit method than deposits of cryptos. This means that new crypto investors can’t trade here. If you don’t have any crypto but still want to start trading at this exchange, you will first have to purchase cryptos from another exchange and then, as a second step, deposit them here. Use our Exchange Finder tool to find an exchange where you can use fiat currency (regular money) to purchase crypto.
One might ask why security is even a feature that we at Cryptowisser have looked for at the different exchanges. Two reasons:
- Exchanges store a massive amount of valuable personal info.
- Also, exchanges handle a lot of cash or coin deposits and withdrawals.
This exchange’s security score is C-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is actually way above average when it comes to the exchanges listed in our Exchange List. Most of the exchanges only receive an F.
We hope you have enjoyed reading the above review. We also recommend checking out the following exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: