KuCoin is clearly a crypto exchange of choice for both experienced and new crypto investors and traders to buy bitcoin and trade cryptocurrencies.
Backed by established institutional investors such as IDG Capital, Matrix Partners, Neo Global Capital, and LFG Global, KuCoin is the exchange of choice for over five (5) million global users in more than 100 countries; providing the most secure, easy-to-use and highly efficient crypto trading and investing platform for all type of users.
One of every four crypto HODLers worldwide is on KuCoin.
What is KuCoin?
KuCoin is a global cryptocurrency exchange based in Singapore; with offices in China, Thailand, Philippines, Bulgaria, and soon –in emerging markets like Vietnam, India, and Indonesia.
Popularly known as “The People’s Exchange” KuCoin was launched in September 2017 after over six (6) years of in-depth research on blockchain technology, product design, and the development of the technical architecture by the team.
The founders started work early in 2011 and successfully built up KuCoin technical architecture in 2013.
Upon ensuring that the system is reliable, easily adaptable, and extendable, the KuCoin team declared business now open in 2017; serving the industry and users ever since with the most advanced and secure cryptocurrency exchange.
KuCoin has never experienced any security breach since inception to date and trusted by over 5 million professional crypto traders and investors worldwide.
The KuCoin Exchange aims to provide an exceptionally convenient and secure cryptocurrency investing and exchange services by listing only valuable projects that must go through a rigorous listing process backed with enterprise-grade trading and security system.
More so, KuCoin offers a complete trading suite; supporting spot trading, margin trading and contracts or futures trading (with up to 100X leverage); and have listed over 200 tokens and 400 trading pairs to date – and still counting.
The KuCoin Team
KuCoin is run by highly competent, experienced professional finance and technology experts.
The Exchange is headed by co-founder and CEO – Michael Gan.
Prior to starting the KuCoin Exchange Gan was a member of the Ant Financial of Alibaba Group, a veteran of financial solutions, and senior partner of Internet giants like MikeCRM, KF5.COM, etc.
Also in the Management Team are Eric Don (COO) and Top Lan (CTO), and a dozen other experts and developers working on the project.
Check out the KuCoin WhitePaper for more details on the team and the business economics of the exchange.
Given the level of developments we have seen so far with the KuCoin Exchange and the fact that the exchange has never been compromised or hacked, it will be safe to tentatively conclude that the team is more than good enough for the job.
However, we believe that the exchange needs to work more on their business development strategies in other to take the exchange to the highest heights it truly belongs.
What Makes KuCoin Outstanding?
The most enduring and fundamental competitiveness of KuCoin lies in its powerful Research and Development (R&D) team, which ensures a world-class stability and service quality.
As a result, the exchange has never experienced even a single security breach since its inception in 2017 to date.
The has 5 unique strengths that set it apart from other top cryptocurrency exchanges.
Security is the most fundamental concern of every crypto trader and investor.
The Exchange has been proactive with the implementation of security features and standards for the exchange at both system and operational level –guaranteeing maximum security of users’ assets at all times.
The Exchange utilizes industry-standard, bank-level data transfer encryption protocol to ensure that “all” user data are made nearly unhackable.
More so, accounts are protected with multiple authentication systems such as 2FA and trading PINs has been introduced to sensitive operations like transaction or withdrawal so as to provide maximum security for all users.
In addition, KuCoin has established special internal risk control and operation process department with strict standards for data production, access, and usage.
The system requires a multi-level review and approval to check and use all user data.
Important user information such as KYC documents, for example, are only accessible authorized personnel to ensure maximum security.
This should give confidence to especially high volume traders and investors, who have so much at stake on the exchange.
2. Lowest Fees
The exchange offers one of the lowest trading and withdrawal fees in the industry both on the spot, margin, and contract trading platforms.
Over 40% lower than the industry average fee structure.
The fees are structured based on the four (4) different membership categories:
- Platinum, and
All with different trading fees as indicated below; the highest fee on the exchange being just 0.1%.
Member: 0.1% for both market makers and takers.
More so, if you opt to pay fees with the KuCoin Shares (KCS) native token, you pay just 0.08% for both maker and taker –that’s a 20% further discount when you pay fees with KCS.
Find the complete and updated trading, deposit and withdrawals fee structure for the different membership tiers here.
3. Excellent (24/7) Support
Kucoin offers round the clock, multi-channel customer support services. Including Livechat, hotline, e-mail, and a host of highly active community pages (links below) where experienced representatives are available to assist users with any questions they have.
More so, support is available through email and a simple yet informative FAQ page.
The support representatives usually reply in a timely, friendly, and professional manner from my experience being on the platform since 2017.
Official KuCoin Exchange Social Media Pages:
Compared with many other cryptocurrency exchanges, the KuCoin exchange support rises above and beyond.
The support personnel are always polite, courteous, responsive, and willing to help resolve any user issue.
4. Extensive Trading Pairs
The underlying technologies and exchange architecture of KuCoin supports infinite cryptocurrency trading pairs.
Currently, there are over 450 trading pairs and more than 200 cryptocurrencies listed on the Exchange, according to CoinGecko records here; and the exchange is constantly listing new, futuristic, and valuable projects to give users even more trading options and investment opportunities.
5. Intuitive User-Interface
KuCoin is one of the most user-friendly Exchanges in the world.
The exchange has all the sophisticated tools an experienced user will want while making it super easy for newbies to find their way around.
Recently the exchange released the “Lite” version of KuMex -their futures trading platform targeted to new investors and crypto traders who may find the Pro version too difficult.
We hope to see more of these improvements to the user experience regularly through new innovative and efficient features.
6. Multiple Trading Markets
You can trade the three (3) different markets based on your requirement and level of sophistication:
- Spot Trading
- Margin Trading
- Contracts (Futures) Trading
Thus offering you many opportunities to build and grow your wealth on the exchange.
Earning Opportunities on KuCoin
As stated earlier KuCoin is a complete suite of crypto products and investment solutions.
Not every crypto investor is a trader and given that crypto trading is a highly risky –howbeit highly profitable career, some people prefer the much safer and less disruptive route to invest in crypto and KuCoin as the people’s exchange has something for almost everyone that’s more than worth checking out.
The following are the earning opportunities on KuCoin Exchange:
1. Crypto Lending
Lend your cryptocurrency and earn interests –up to 12% Annualized Profit Rate (APR) on KuCoin.
KuCoin Margin Trading platform supports customers to lend their coins to other users for margin trading on interest.
Users who are interested in taking advantage of this service and opportunity for passive income can do so by lending out any available assets in their main account.
NOTE: To lend users must move their crypto assets from wherever they are to their KuCoin main account. Funds in the trading account cannot be directly lent on the platform.
How to Lend:
- First, log in to your KuCoin account and go to the lending page.
- Select the asset you want to lend (BTC, ETH, EOS, LTC, XRP, ADA, ATOM, TRX, BCHABC, BCHSV);
- Fill in the loan amount and your preferred daily interest rate (from 0 to 0.2%).
- Pick the number of days you want to lend your assets (7, days, 14 days, or 28 days).
- Then hit the Lend button.
That’s all; your order will be matched accordingly and you’ll be able to see your lending interest from your main account after your order must have been filled.
2. Soft Staking
HODL (hold) your stake-able cryptocurrency in your KuCoin account and get daily staking rewards.
Enjoy daily staking returns with the innovative KuCoin soft staking program; with some supported projects posting up to 23% Annualized Rate of Return.
Soft Staking is one of the best and safest ways of making passive income by “putting your crypto to work for you” on the KuCoin Exchange.
It is called soft staking and an innovative staking solution because the “staked” coins are accessible to the user at all times.
Meaning you can decide to trade them in the open market or simply withdraw them out of the exchange at any time if you wish –no limitations, no time-bound lockup rules, and your profit is delivered into your account every day as long as your coin remains on the exchange.
KuCoin seems focused and committed to bringing more value to all users and investors on its platform.
The Exchange pioneered the now popular crypto soft staking solution in 2019 and recently launched the Pool-X staking, mining and trading platform, in an effort to expand and maximize investor earning opportunities while contributing significantly to the development of the staking market.
Staking on KuCoin is easy. All you’re required to do is Sign Up for a free KuCoin account, purchase any of the supported staking cryptocurrencies and leave them in your KuCoin account.
Crypto Assets Currently Supported by the KuCoin Soft Staking Program
Below is an updated list of the coins available for staking in the KuCoin soft staking program; ATOM seem to be the most popular and most staked crypto among them with ONION producing the highest Annualized Rate of Return (ARR) of about 23% as per the data on the KuCoin Blog:
- Internet of Services（IOST）
- Neblio (NEBL)
- DeepOnion (ONION)
- Energi (NRG)
- NULS (NULS)
- TomoChain (TOMO)
- EOSForce (EOSC)
- Loom Network (LOOM)
- Loki (LOKI)
- V Systems (VSYS)
- Wanchain (WAN)
- IoTeX (IOTX)
- Tezos (XTZ)
- Elastos (ELA)
- PIVX (PIVX)
- Ontology (ONT)
Thus all you need to do is hold any of the tokens listed above, in either the trading account or main account on the KuCoin Exchange and receive the returns daily.
Finally, with KuCoin soft staking, you don’t have to invest resources in any equipment, wallet setup, or bother with participating in the voting and decision-making process of the blockchain network.
The exchange handles all the technical aspects of the staking process for investors and all you do is place your coin in your KuCoin Exchange account and enjoy your accruing daily profits –it’s as simple as that.
3. KuCoin Shares (KCS) Bonus Program
Earn on KuCoin with the KuCoin Shares (KCS) bonus program. HODL a minimum of 6 KCS in your KuCoin account to enjoy a share of the daily profits of the exchange.
KuCoin Shares (KCS) are the ecological token of the KuCoin Exchange Platform. They are Ethereum (ERC-20) based tokens with a constant total supply of 200 million tokens. Of these tokens, 100 million was allocated to the founding members, and the other half was distributed among the early members of the exchange.
HODLers of the KCS token are able to reap the rewards from the success of the exchange as 50% of the exchange daily revenue from the spot market and Kumex is shared among them.
Rewards, received in the form of dividends, are proportionate to the amount of KuCoin Shares one holds.
The more KCS you HODL the more KCS you earn daily!
KCS Key Statistics:
- KCS ICO Price $0.20 USD (Aug. 13, 2017)
- KCS All-Time High $21.14 USD (Jan 07, 2018)
- KCS All Time Low $0.323177 USD (Jan 31, 2019)
Benefits of Holding KuCoin Shares: What can you do with your KCS?
- KuCoin Bonus: The KuCoin platform will use 50% of all trading fees earned by KuCoin to buy KCS from the market and then redistribute them to KCS holders who hold at least 6 KCS as a bonus.
- VIP Fee Rate: KCS holders can enjoy a discounted trading fee rate as a VIP, which can be as low as 0.0125%.
- Promotional Events: KCS holders will be able to enjoy more airdrop giveaways on the KuCoin platform.
- Get a loan using KCS on EthLend
- Transfer KCS to anyone in a chat on ADAMANT Messenger
- Cash-out KCS to pay private expenses on AavePay App
- Use KCS to play online games & buy KCS from 22,000 vendors in Indonesia on PlayGame
- Use KCS to shop online without any extra fees using SwirlPay
- Set up your store (both online and offline) to accept KCS from your customers using CoinPayments
- Take your KCS wherever you go. Get a KCS cold storage card from Whopper
- Use KCS in offline stores globally Pundi X POS system.
So many things you can do with your KCS holding.
4. KuCoin Referral Program
Introduce KuCoin to others and enjoy a 20% referral commission each time your friend completes an order on the exchange for 1 year.
The more people you invite, the more bonus you’ll get! And the earnings can be cashed out daily if you wish to withdraw them or if you’re like most of us you can re-invest your earnings into any of the earning programs above (lending or staking or simply trading) and enjoy compounding profits.
This KuCoin review wouldn’t be complete without mentioning the limitations and drawbacks of the exchange.
- The major challenge with the KuCoin Exchange is low liquidity compared with other top exchanges such as Binance. However, the exchange has been working and implementing several innovative programs to attract more retail as well as institutional traders and increase trading volume.
- KuMex supports only the BTC/USDT trading pairs; this is too limited for traders looking to trade a variety of altcoins. Personally, I would love to trade the futures market solely on KuCoin but because of the limited choice of coins, we opt to use additional exchanges like Binance Futures and BitMex. Though we know the team is working to include altcoins –this should be implemented as soon as possible to make the exchange more competitive.
- Secondly, the referral commission is paid only for 1 year. So after the first year, you don’t earn any more referral commissions for the users you refer to the exchange.
- KuCoin needs to work more on its business development efforts as the exchange is currently highly undervalued given the quality of its technology and team. The team hasn’t done a good job in terms of marketing to help bring the exchange to the highest limelight it has earned and deserves. Thankfully, this has been communicated to the team and they have taken serious steps to get the word out and provide resources to guide and educate especially new users on the platform.
We hope to see these limitations disappear as soon as possible, especially in the next year as the team continues developing and deploying more innovative features and programs that bring value to the users.
Summary of KuCOin Review
KuCoin is one of the top cryptocurrency exchanges in the world.
For many reasons, the exchange remains our favorite trading platform:
- KuCoin offers maximum security. Never been hacked or suffered even a single security breach since inception till date.
- KuCoin is an extremely user-friendly platform. Both the Spot trading and Futures trading platform and the various investment solutions are built with the user in mind. Unmatched flexibility backed with unbeatable security. More so, you need just a single account to access all of KuCoin services and associated platforms such as KuMex, Pool-X, and even the ones under development or yet to be developed. No messy multiple login credentials.
- While many exchanges take hours and even days to respond and resolve users’ issues; KuCoin maintains an instant response record.
- Every trader would love to keep as much of their trading profits as possible and that’s one more reason we love KuCoin. The Exchange fees are about 40% below the industry average when compared with other top exchange fees.
- Multiple earning opportunities. You can start earning on KuCoin even from the first 24 hours through the KuCoin Shares Bonus Program with just at least 6 KCS token. Taking advantage of other passive income opportunities developed by KuCoin such as the soft staking solutions and Pool-X Mining and staking solution to build and grow your wealth.
We give KuCoin Exchange a 5-star rating on security, lowest fees, excellent support, innovation; and a 3-star rating for marketing.
Join over 5 million happy and successful global traders and crypto investors on KuCoin.
It takes less than 10 minutes to start trading; investing and earning on KuCoin.