KuCoin Review 2022: Is It Legit? Trading, Futures, Fees Tested

Chief Editor
Publish date: Feb 23, 2021
Last updated: May 30, 2022

The web’s most detailed KuCoin review: Find out why this fast-growing cryptocurrency exchange has managed to become so successful and why traders all over the world choose this platform to conduct their trading operations. This is the home to many different special features, keep reading to find out what makes this exchange unique. Our full review of KuCoin explains the most important parts and features that you should know about before trying this exchange.

Our rating:
3.95/5
Trustworthy
Non-Regulated
Seychelles flag
KuCoin
Founded September 2017
Owner KuCoin
Type Cryptocurrency Exchange
Fees 0.10%
account minimum 30$
Best for All Traders

Pros

• KuCoin is a very versatile crypto exchange and suits traders of all levels
• Option to buy, trade, or short sell hundreds of altcoins
• Offers both an advanced and a simple trading interface

Cons

• Very slow live chat with problems to answer English questions
• Non-regulated
• The demo account version is not fully developed

Why KuCoin

In this section of our KuCoin review we highlight 6 special features that deserves extra attention.

Deposit money instantly and access the markets within seconds. No delays, no mess, only trading.
Instant Deposits
Deposit money instantly and access the markets within seconds. No delays, no mess, only trading.
Automate your trade strategies and let the computer handle all executions. 100% free from human emotions!
Trading Bot
Automate your trade strategies and let the computer handle all executions. 100% free from human emotions!
This platform features advanced charting, order selection, technical indicators, and drawing tools.
Advanced Trading Platform
This platform features advanced charting, order selection, technical indicators, and drawing tools.
Stake your cryptocurrencies and earn passive income from coins by depositing your favorie altcoins.
Staking
Stake your cryptocurrencies and earn passive income from coins by depositing your favorie altcoins.
Lend your cryptocurrencies to others and earn passive income by doing nothing. You are now the bank!
Lending
Lend your cryptocurrencies to others and earn passive income by doing nothing. You are now the bank!
Use trade alerts to get notified by when the market reaches your price or when a trade is triggered.
Trade Alerts
Use trade alerts to get notified by when the market reaches your price or when a trade is triggered.

About KuCoin

KuCoin was founded in Hong Kong but now has their main headquarter located in Seychelles. The website has been live since 2013 but the actual exchange didn’t launch until September of 2017. This makes it a new trading platform in the Tradingbrowser review system since it has been operating as a trading platform for less than 5 years.

KuCoin is a cryptocurrency exchange with a focus on day trading and activities connected to the cryptocurrency ecosystem. You can lend your cryptocurrencies to others or stake them for passive rewards. At the moment, the exchange is not regulated by any governmental body, however, this platform still earns the Trustworthy status from Tradingbrowser due to its good safety features and good reputation.

Why use KuCoin

This exchange is for all traders, short-term scalpers, and day traders as well as long-term investors who want to buy cryptocurrencies with relatively low fees. It’s a perfect exchange if you are interested in doing other things else than trading. KuCoin offers cryptocurrency staking and lending which seems to be working pretty well and it’s picking up some traction from the visitors.

It has a massive following all over the world with an excellent reputation as being a legit exchange so if you are looking for a stable exchange with many features, then KuCoin might be for you. The security is also taken seriously on the exchange with many safety features available to protect your account.

Trading on Kucoin

The trading platform is well equipped with many features of the latest technologies including Tradingview charts, decent order selection, market depth, order book, and leverage for the more experienced traders.

If you want to trade altcoins you have a ton of different coins to choose from since KuCoin is a hub for altcoin trading. You can use the same advanced trading platform for altcoins as well and there is also leverage available for some of the altcoins.

There is a way to reduce the already low trading fees by trading with the native token called KCS. When you activate the KCS trading the maker and taker fee will be reduced to 0.08%.

Payment methods and limits

KuCoin offers standard card payments, bank transfers, ApplePay, WeChat, and also Alipay. The exchange has a peer-to-peer (p2p) buy and sell system for cryptocurrencies where more payment providers are available depending on who you transact with. KuCoin has a very high withdrawal limit and you can withdraw up to 200BTC per day if you have verified your KYC documents.

KuCoin category rating

Costs:4.2/5
Security:3.8/5
Trading Features:4.2/5
User-friendliness:3.8/5
Educational Resources:3.4/5
Mobile-Friendly:4.5/5
Funding:4.0/5
Customer Support:3.5/5

Things we don’t like

There are not many educational tools or market analysis tools like screeners for day traders and investors. What you see is what you get and you will have to do your own research on your own. There is some news regarding cryptocurrency and blockchain in general but this is nothing to help out with investment or trading decisions.

The live chat is absolutely terrible. Right now at the time of writing, I’m still waiting to get an answer and I’ve been waiting for over 40 minutes. The first answer I got was that they didn’t have time at the moment due to overload. I understand that the KuCoin live chat is overwhelmed by the number of requests they get but I still think that they should focus more on their clients and up their support game.

KuCoin Trading Fees

Products
Maker fee
Taker fee
Cryptocurrency
0.10 %
0.10 %
Futures
0.02 %
0.06 %
Derivatives
0.02 %
0.06 %
ICO
$0
$0
ETF
0.10 %
0.10 %

Products

Cryptocurrency
Cryptocurrency
Futures
Futures
Derivatives
Derivatives
ICO
ICO
ETF
ETF

Trading Platforms

Webtrader
Webtrader
Own trading platform Windows + Mac
Own trading platform Windows + Mac
Tradingview
Tradingview

Order Types

MO - Market Order
LO - Limit Order
SL - Stop Limit
SM - Stop Market

Supported Devices

Desktop
Desktop
Smartphone
Smartphone
Web
Web
Tablet
Tablet

Special Features

Instant Coin Exchange
Trading App
Cryptocurrency Wallet
Altcoins
Promotions
Market Making
Buy Cryptocurrency
Demo Account
Trading Forum
Market News
Quick Registration
New Trading Platform
Advanced Trading Tools
Advanced Charting
Leverage Trading
2FA Verification
KYC
Margin Trading
Technical Indicators
High Limits
OTC Market
Rebate
Automated Trading
Trading Strategies
Robot Trading
Investment Product
Recurring Crypto Purchase

About the special features on Kucoin

KuCoin is a multifunctional cryptocurrency exchange with a good variety of special features that attract traders and crypto lovers from all over the world. If you are a day trader you will do good in the futures pit with up to 100x leverage. Choose between the Lite and the Pro trade interfaces depending on your trading experience.

Market making

If you head to the footer of the KuCoin trading platform you will find a market maker incentive program where you can sign up if you are a quantitative trader. Here you will be able to create your systems and try them out with a rebate in the form of lower fees and sometimes free exchanging.

Crypto Lending & Staking

KuCoin offers good cryptocurrency lending and staking options where you can lock up your coins for a passive income. It goes under the “Earn” menu title and that’s just what it’s for, traders who want to earn money with cryptocurrency will enjoy this tool. For once, you can lend out money and be the bank you always wanted to be, but I guess it takes some volumes to actually make a good profit.

Cryptocurrency Futures

The cryptocurrency futures on KuCoin are okay. They seem more like a fast options trading system where you get to make bets either up or down depending on your short-term outlook on the market at the moment. If you know your market you will do good but it’s highly risky for new traders since there is an option to use 100x leverage or margin.

Buy Bitcoin and Cryptocurrency instantly

If you are looking for a new cryptocurrency exchange to buy bitcoin or other altcoins you will really like both the KuCoin interface and the fees for buying crypto. They have made it very simple to buy bitcoin and altcoins with credit and debit cards, or if you prefer, Apple Pay and Bank transfers are also an option. There is a peer-to-peer (p2p) buy and sell function with more payment providers available if you feel comfortable buying coins from other traders.

ICO

KuCoin is the home for ICO’s and is hosting token listings regularly. You can join in on these ICO’s and invest your capital in the projects you see have good potential for growth. This is a very interesting part of this platform that we really like since it’s investment-based and it gives you an opportunity to let your capital work for you.

Regarding KYC

When you file your KYC documents with KuCoin your daily trading limits and withdrawal limits will increase significantly. Also, the maximum leverage in your future account will get increased to 100x compared to the 10x maximum if you don’t send in your KYC documents.

Our own experience with KuCoin

N/A

KuCoin Funding Methods

Visa
Visa
Mastercard
Mastercard
Apple Pay
Apple Pay
SEPA
SEPA
Bank transfer
Bank transfer
Cryptocurrency
Cryptocurrency
WeChat
WeChat
Alipay
Alipay

Accepted Currencies

USD ($)
EUR (€)
CNY (¥)
AUD ($)
KRW (₩)
JPY (¥)
GBP (£)
INR (₹)
IDR (Rp)
CAD ($)
RUB (₽)
BRL (R$)
TRY (₺)
PLN (zł)
PHP (₱)
ZAR (R)
THB (THB)
CHF (CHF)
MYR (RM)
MXN ($)
HRK (HRK)
ARS ($)
KZT (₸)
IRR (IRR)
VND (₫)
ILS (₪)
BDT (৳)
HKD (HK$)
TWD ($)
COP ($)
DKK (kr.)
BGN (лв.)
NOK (kr)
DZD (د.ج.‏)
RON (RON)
SGD ($)
NGN (₦)
CZK (Kč)
PKR (Rs)
SEK (kr)
NZD ($)
UAH (₴)

Limits

Max Withdrawal Limits
BTC 200 daily
Min Withdrawal Limits
BTC 0.002
Min Deposit Limits
$30

KuCoin Withdrawal Fee

Method
Fee
Cryptocurrency
BTC 0.0005
USD
$0

Languages

United Kingdom
English
Russian Federation
Russian
Netherlands
Dutch
Portugal
Portuguese
Japan
Japanese
France
French
Spain
Spanish
Vietnam
Vietnamese
Turkey
Turkish
Italy
Italian
India
Hindi
Thailand
Thai

Restricted Countries

N/A

Security

Is KuCoin safe to use?

KuCoin has an excellent reputation for being a safe cryptocurrency exchange, and there are several safety features to active in the account security sections. Here are some of them: 2FA verification, phone verification for login and withdrawals, email verification on withdrawals, trading password to verify transactions and withdrawals, and restrict login IP. In addition to this, you can add a safety phrase to your email, login, and withdrawals.

Is KuCoin regulated?

No, Kucoin is not regulated by any governmental body.

Support

Live Chat
Live Chat
Contact Form
Contact Form

Similar Alternatives

Our rating:
4.32/5
Excellent
Regulated by
FinCEN, ACRA, MEAC
0.10%
10$
All Traders
Our rating:
3.91/5
Trustworthy
Non-Regulated
0.03%
1$
All Traders
Our rating:
3.81/5
Trustworthy
Non-Regulated
0.20%
1$
All Traders

Frequently asked questions

Read the most frequently asked questions about KuCoin. Find answers without searching the web.

Yes, unfortunately, the exchange was hacked on September 25, 2020. A massive amount of $204 million in crypto assets was lost. Most of the coins were later recovered.

No, it is not a regulated cryptocurrency exchange.

I would not store a lot of coins on the exchange since it's a non-regulated exchange. Store only the amount of coins you are actually going to trade.

When trying to find the company behind this project the only name that came up is the CEO, Michael Gan.

Review Sources

The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote. Among these sources, you will find LinkedIn profiles, Trustpilot reviews, Sitejabber ratings, whitepapers, government reports, and other reputable sources. Below is a shared list of the article sources used for this review.

  1. LinkedIn – “KuCoin Company
  2. Trustpilot – “KuCoin.com
  3. Yahoo Finance – “What is KuCoin?