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KuCoin

4.4 from 90 votes
Hong Kong

Fees

Taker fee

0.1%

Maker fee

0.1%

Withdrawal fee

0.0005

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


KuCoin – Detailed review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of KuCoin consists of four parts: general information, fees, deposit methods and security.

General Information

KuCoin is a cryptocurrency exchange based in Hong Kong. US-investors are not listed as prohibited from trading. If you are a US-investor, however, you should still always analyse yourself whether your home state imposes any obstacles for your foreign cryptocurrency trading.

The exchange has one of the world’s most impressive trading pair selections, with more than 300 trading pairs.

Furthermore, the exchange claims to have the most advanced API on the market.

It should also be noted that the exchange has so called KuCoin Shares (KCS), i.e., its own cryptocurrency. If you are a holder of KuCoin Shares, you can receive cryptocurrency dividends on a daily basis. You can also receive trading discounts and even lower withdrawal fees than otherwise. The exchange also states that KCS-holders receive exclusive promotions, offers and rewards from the exchange.

Trading Chart

The below is a picture of KuCoin’s trading chart. It follows a format that most cryptocurrency investors are used to with the diagram in the middle, and buy/sell-boxes low far right.

KuCoin Trading Chart
KuCoin Trading Chart
Fees

Trading fees

KuCoin doesn’t charge different fees between takers and makers. Instead, the exchange has a so called “flat” fee model. They offer a flat trading fee of 0.10%, which is below the global industry average. There are different opinions around what exactly the global industry average is but we would say “around 0.25%”.

Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Not this exchange. KuCoin charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is also below the industry average.

All in all, the trading fees and withdrawal fees here are strong competitive advantages against the majority of other top crypto exchanges in the market.

Deposit Methods

KuCoin does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here. If you don’t have any crypto but want to start trading here, it is not overly difficult however. The process consists of two steps:

Step 1: Purchase cryptocurrencies from another exchange.

Step 2: Deposit them at KuCoin.

You can do that, right?

Also, in the roadmap for this exchange, it estimates to be able to offer fiat currency to cryptocurrency trading as early as in August 2018.

Security

KuCoin’s security score is D+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.

Good luck!

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