A Guide to KuCoin: All You Need to Know About This Crypto Exchange

KuCoin is among the few crypto exchanges that support more than 700 digital currencies. Are you looking to start your crypto trading journey on KuCoin? If so, read this article to understand the exchange’s features and how to sign up.

KuCoin Explored

If you want to trade perpetual contracts, futures, or spot markets, then KuCoin should be your go-to crypto exchange. The platform has been offering customers sophisticated trading tools since launching in 2017. Coupled with its responsive customer service, Kucoin is viewed as a top-tier crypto exchange by many. According to data from CoinMarketCap, Kucoin is now the fifth-largest exchange based on trading volume.

What Can You Trade on KuCoin?

There are 1,310 trading pairs and 728 cryptocurrencies listed on KuCoin. This offers users a wide range of options to trade. Moreover, you can participate in margin trading, spot trading, and even use a trading bot.

KuCoin Geographical Availability

KuCoin is headquartered in Seychelles. It has offices in Hong Kong and Singapore. As of January 2024, the crypto exchange accepts customers from more than 200 countries. KuCoin boasts roughly 32 million users.

How Do You Register With KuCoin in January 2024?

Before you start trading cryptocurrencies on KuCoin, you must create and verify an account. You can do that by following these simple steps:

Step 1: Go to kucoin.com and click “Sign Up.”

Step 2: Provide your email and verify it.

Step 3: Use the email to log in to your KuCoin account after creating a unique password.

Step 4: Go to the account dashboard and click “Identity Verification.” Next, press the “Verify” button to complete the KYC process. You will be required to provide your identity card and a selfie.

Step 5: Submit the KYC details. Within a few an hour, KuCoin will inform you whether your identity was successfully verified or not. If you pass the verification process, you can now access all the KuCoin features.

KuCoin’s Main Features

Trading bots

With KuCoin, it is possible to automate your trading strategy. You can do so through the many types of bots available on the crypto exchange, including DCA, futures, spot, Infinity, and Smart Rebalancing bots.

KuCoin Earn

Besides active crypto trading, KuCoin supports staking, which allows customers to earn passively. On the exchange, you can stake a wide range of assets, such as ETH, USDT, and USDC, among others.

Halo Wallet

This is a Web3 wallet that lets users explore the DeFi space and store NFTs and fungible tokens. Since Halo is non-custodial, users have complete control over their digital assets.

KuCoin Lending

KuCoin offers crypto loans to institutional users who provide the required collateral.

KuCoin’s Mobile App

Besides its web app, KuCoin has a mobile app supported by both Android and iOS operating systems, thus making it easily accessible.

Does KuCoin Impose Trading Fees?

Yes! The exchange has a transparent fee structure to help you calculate your trading cost. If you trade in the spot market, these are the fees you should expect: For class A tokens, you will be charged 0.1%, and for class B and C tokens, a 0.2% and 0.3% fee is charged, respectively.

It is worth mentioning that Class A tokens are the most traded and liquid digital currencies, while Class C tokens are the least traded cryptocurrencies and lack enough liquidity.

If you trade futures on KuCoin, you will incur a taker and maker fee of 0.06% and 0.02%, respectively.

KuCoin Regulatory Compliance and Safety

KuCoin is regulated by authorities in Seychelles. However, it lacks licenses from the United States regulators. That explains why it does not have a lot of American customers.

KuCoin adheres to the global Anti-money laundering and Know-Your-Customer standards to prevent illegal financial transactions from happening on the exchange.

In regards to protecting user funds and data, KuCoin adopts a sophisticated encryption mechanism and two-factor authentification.

Final Thoughts

Based on the offerings and features available on KuCoin, it is evident that the crypto exchange ranks among the top. Like any other well-established exchange, KuCoin lets users access a range of services, including staking, active trading, and lending. However, we do not recommend KuCoin if you are in the US because the platform is not regulated there.