KuCoin, a free cryptocurrency exchange, offers access to cryptocurrency trading and derivative contracts.
KuCoin is a cryptocurrency exchange registered in the Seychelles. The platform started its operations in 2017. KuCoin, a free cryptocurrency exchange, offers access to cryptocurrency trading and derivative contracts. Customers can access more than 1,100 trading pairs, staking and margin trading.
KuCoin Exchange is a leading global cryptocurrency trading platform known for its wide variety of digital assets, low trading fees and intuitive interface. Available in over 200 countries, KuCoin offers robust security measures, making it accessible and trusted by traders around the world. With a mobile app for on-the-go trading and a strong community presence, KuCoin has become a favourite exchange for traders.
Introduction to KuCoin
KuCoin is a globally recognised cryptocurrency exchange platform that offers a comprehensive trading experience for users of all levels. Founded in 2017, KuCoin has quickly become one of the most popular cryptocurrency exchanges in the industry, thanks to a wide selection of cryptocurrencies, competitive trading fees and advanced tools for spot, margin and futures trading. A list of cryptocurrencies that are being prepared to be listed in the near future can be found on the website.
KuCoin Shares (KCS) tokens enable transactions with more advantageous terms. A similar system is used by the cryptocurrency exchange Binance. KCS tokens are decentralised cryptocurrencies issued on the Ethereum blockchain (ERC20 tokens).
KuCoin Platform Advantages: Why Choose KuCoin
Pro
Favourable commissions
Wide choice of cryptocurrencies
Quick deposits and withdrawals
Numerous assets available for trading
Free and intuitive user interface
Customer support available 24/7
Cons
Lack of support for fiat currencies
KuCoin is considered the best free platform for cryptocurrency trading due to several advantages that have made it popular among traders around the world. Among the main ones:
Wide range of cryptocurrencies: KuCoin offers access to a wide variety of cryptocurrencies, from the most popular tokens to lesser-known altcoins.
Low trading commissions: Standard commissions are 0.1% and can be further reduced by using the native KCS token or by increasing trading volumes.
Advanced trading features: The platform supports futures, margin, spot trading and the use of bots for trading.
Passive income options: KuCoin offers passive income opportunities such as staking, lending and rewards via KCS tokens.
User-friendly interface: Available in both desktop and mobile versions, the interface is easy to navigate.
KCS tokens: KCS token holders enjoy reduced fees, daily dividends and special promotions.
How to register on KuCoin and access your personal account
Await for the six-digit confirmation code, which will be sent via email or SMS.
Enter the code received.
After registration, it is important to activate two-factor authentication (2FA) in the Account Security section.
How to verify on KuCoin and what documents are needed?
After registering an account on the KuCoin exchange or downloading the mobile app, you need to complete verification. For several months, it was possible to trade on the platform without identity verification. At the time of writing, KuCoin introduced mandatory KYC.
In the past, users could decide for themselves whether they needed verification on the KuCoin exchange. Identity verification allowed access to higher limits and the ability to use leverage. Now all transactions are completely blocked for unverified users, so you will need to provide your identification details to make transactions.
Documents required for verification on the KuCoin platform for free cryptocurrency trading: passport, ID card or driving licence.
How to verify on KuCoin:
Log in to your account.
Go to the "Verification" section.
Click on "Verification".
Before verifying on the exchange, the system will automatically recognise the region and select the country.
Select the document type.
Choose the pass type. Click on "Photo via webcam".
Follow the system's instructions. Wait for the software to recognise the face.
Wait for the verification results. They will be sent to your email.
How to get started on KuCoin
Create an account: Go to the KuCoin website, click on "Sign up" and verify your email or phone number to create your account.
Enable two-factor authentication (2FA): Access your account security settings to enable 2FA with an authentication app for added security.
Complete Identity Verification (KYC): Submit your ID and personal details in the KYC verification section to unlock higher withdrawal limits and additional features.
Deposit funds: Go to Assets > Deposit, select your preferred cryptocurrency or fiat option and follow the steps to add funds to your account.
Explore trading options: Go to the Trade section to access Spot, Margin or Futures trading, and select your desired trading pair to start trading.
How to Trade on KuCoin: Trading Spot
Spot trading is the main tool of cryptocurrency traders. KuCoin, the best trading platform for cryptocurrencies, offers more than 1,100 trading pairs. The average trading volume is $600 million. The trading terminal is equipped with TradingView's standard tools.
The platform offers six types of orders:
Market: an order to buy or sell at the current market price. It is used to make quick trades.
Limit: an order to buy or sell at a predetermined price. Once the price reaches a specific value, the order will be executed. Most trading strategies use this type of order.
Stop Market: an order to buy or sell after the stop price level has been reached. It allows you to reduce losses or lock in profits.
Stop Limit: an order to place a limit order once the price reaches a certain range. It is used for trading in specific strategies.
OCO (One Cancels the Other): one cancels the other: Limit and Stop Limit. When one is executed, the other is automatically closed. Allows you to set a Stop Loss and a profit-taking for a position.
Trailing Stop: an order in which the stop price is constantly updated according to changes in market prices. It enables competent use of trading strategies.
The KuCoin exchange offers beginner users the opportunity to earn money by trading Spot. To get started, you can use one of the three strategies.
Deposit and Withdraw Funds on KuCoin
KuCoin, the best cryptocurrency trading platform, offers advantageous conditions for depositing and withdrawing funds. Traders can deposit any cryptocurrency supported by the platform. The replenishment of the account takes place without commissions. Transaction processing takes a maximum of 30 minutes. There are no minimum or maximum amounts.
There are fees for withdrawing funds, but they are small. The amount of fees varies depending on the cryptocurrency used. For Bitcoin, the fee is 0.0006 BTC per transaction. Withdrawals are also processed in 30 minutes. On KuCoin, there are no limits. The lack of support for fiat funds can be considered a small disadvantage.
How to directly fund your account on the platform via a cryptocurrency wallet:
In your personal account, select "Deposit".
Choose a cryptocurrency.
Transfer funds from your wallet to the platform's wallet.
To top up your KuCoin account by card, you need to open a transaction via the P2P system. To make it easier to choose an intermediary, the KuCoin platform offers the possibility of making transactions directly on its platform. More than 30 fiat currencies and 100 payment methods are available.
How to withdraw funds from KuCoin:
Enter the name of the cryptocurrency in the search field.
Specify the network.
Enter the wallet address.
Confirm the transaction and wait for the withdrawal.
Cryptocurrency withdrawal fees depend on the network and the currency. The minimum fee is 0.5 USDT.
KuCoin Mobile
KuCoin Exchange has created its own mobile application, which can be downloaded using a QR code on the official website. Android and iOS versions are available. The app provides access to all essential trading functions, making it easy to trade, deposit, withdraw and monitor markets on the go. With the app, you can access all platform features, including spot trading, futures trading and staking. The app also offers push notifications to keep you up to date with market changes and the performance of your assets.
KuCoin reliability
The cryptocurrency trading platform KuCoin offers almost no information about itself. All that is known is that it was founded in Hong Kong and now the head office is located in the Seychelles. KuCoin does not disclose the name of the management company, the registration certificate or the legal address. There is also no licence information.
However, many cryptocurrency exchange platforms do not provide such data, so it is difficult to accuse KuCoin of hiding information. This platform can be considered trustworthy for several reasons. Firstly, it has already been active for five years. It has more than 8 million active users. There have been no major scandals related to platform hacking or cryptocurrency theft.
Secondly, KuCoin has a well-structured security system. All clients must submit to verification. To do so, you must upload a copy of your identity document. Document review takes up to 48 hours. The platform provides three-step protection for withdrawing funds. To make a transaction, you need to:
Enter your account password.
Confirm the transaction with a code that arrives by e-mail.
Confirm the transaction via two-factor authentication via the application or SMS.
Therefore, KuCoin's cryptocurrency exchange platform can be considered quite reliable, although the rating will be lowered due to the lack of information about the management company and license.
KuCoin's commissions
KuCoin applies a standard commission policy for cryptocurrency exchanges. Maker and Taker commissions are charged. The amount of the commissions depends on the trading volume as well as the use of the platform's own token, KuCoin Token (KCS). Let's look at the minimum and maximum commissions for traders operating on KuCoin.
Class | Maker Fee | Taker Fee Class A | 0.1% | 0.1% Class B | 0.2% | 0.2% Class C | 0.3% | 0.3%
Traders can also receive Maker commissions at a negative rate (rebate). Payments are credited to clients whose trading volume exceeds 70,000 BTC per month. The maximum rebate rate on commissions is 0.005%.
KuCoin Instrument Selection
The KuCoin cryptocurrency exchange offers its clients a wide selection of trading instruments. Traders have access to 606 cryptocurrencies and 1182 cryptocurrency trading pairs. For example, the following types of coins are available:
Bitcoin (BTC)
Litecoin (LTC)
Ethereum (ETH)
Dogecoin (DOGE)
Tether USD (USDT)
Cardano (ADA) and many others.
Cryptocurrency listings on KuCoin are constantly evolving: new cryptocurrencies are added, and illiquid ones are removed. In addition, KuCoin offers traders a wide range of futures.
KuCoin Support Service
The technical support of the KuCoin exchange is available 24/7. You can contact the support representatives through the following channels:
Live chat
Support ticket
Help center
Social media and community channels
The KuCoin technical support service responds to requests quite quickly. Support specialists respond within 1 minute of submitting a request.
Conclusion
Both inexperienced and experienced cryptocurrency traders can benefit from KuCoin's comprehensive trading platform. There are numerous reasons to appreciate this exchange, including its user-friendly interface, advanced features, and competitive prices.
If you appreciate free cryptocurrency trading platforms that offer a variety of functions, including trading, lending, and staking bots, KuCoin could be a good option for you. Additionally, investors looking to reduce trading expenses may find the fee structure appealing as it offers discounts for KCS holders and higher trading volumes.
Phemex is among the top five futures trading platforms, offering traders of all levels a reliable and professional platform to buy and sell cryptocurrencies.
KuCoin is a cryptocurrency exchange registered in the Seychelles. The platform started its operations in 2017. KuCoin, a free cryptocurrency exchange, offers access to cryptocurrency trading and derivative contracts. Customers can access more than 1,100 trading pairs, staking and margin trading.
KuCoin Exchange is a leading global cryptocurrency trading platform known for its wide variety of digital assets, low trading fees and intuitive interface. Available in over 200 countries, KuCoin offers robust security measures, making it accessible and trusted by traders around the world. With a mobile app for on-the-go trading and a strong community presence, KuCoin has become a favourite exchange for traders.
Introduction to KuCoin
KuCoin is a globally recognised cryptocurrency exchange platform that offers a comprehensive trading experience for users of all levels. Founded in 2017, KuCoin has quickly become one of the most popular cryptocurrency exchanges in the industry, thanks to a wide selection of cryptocurrencies, competitive trading fees and advanced tools for spot, margin and futures trading. A list of cryptocurrencies that are being prepared to be listed in the near future can be found on the website.
KuCoin Shares (KCS) tokens enable transactions with more advantageous terms. A similar system is used by the cryptocurrency exchange Binance. KCS tokens are decentralised cryptocurrencies issued on the Ethereum blockchain (ERC20 tokens).
KuCoin Platform Advantages: Why Choose KuCoin
Pro
Cons
KuCoin is considered the best free platform for cryptocurrency trading due to several advantages that have made it popular among traders around the world. Among the main ones:
How to register on KuCoin and access your personal account
After registration, it is important to activate two-factor authentication (2FA) in the Account Security section.
How to verify on KuCoin and what documents are needed?
After registering an account on the KuCoin exchange or downloading the mobile app, you need to complete verification. For several months, it was possible to trade on the platform without identity verification. At the time of writing, KuCoin introduced mandatory KYC.
In the past, users could decide for themselves whether they needed verification on the KuCoin exchange. Identity verification allowed access to higher limits and the ability to use leverage. Now all transactions are completely blocked for unverified users, so you will need to provide your identification details to make transactions.
Documents required for verification on the KuCoin platform for free cryptocurrency trading: passport, ID card or driving licence.
How to verify on KuCoin:
How to get started on KuCoin
How to Trade on KuCoin: Trading Spot
Spot trading is the main tool of cryptocurrency traders. KuCoin, the best trading platform for cryptocurrencies, offers more than 1,100 trading pairs. The average trading volume is $600 million. The trading terminal is equipped with TradingView's standard tools.
The platform offers six types of orders:
The KuCoin exchange offers beginner users the opportunity to earn money by trading Spot. To get started, you can use one of the three strategies.
Deposit and Withdraw Funds on KuCoin
KuCoin, the best cryptocurrency trading platform, offers advantageous conditions for depositing and withdrawing funds. Traders can deposit any cryptocurrency supported by the platform. The replenishment of the account takes place without commissions. Transaction processing takes a maximum of 30 minutes. There are no minimum or maximum amounts.
There are fees for withdrawing funds, but they are small. The amount of fees varies depending on the cryptocurrency used. For Bitcoin, the fee is 0.0006 BTC per transaction. Withdrawals are also processed in 30 minutes. On KuCoin, there are no limits. The lack of support for fiat funds can be considered a small disadvantage.
How to directly fund your account on the platform via a cryptocurrency wallet:
To top up your KuCoin account by card, you need to open a transaction via the P2P system. To make it easier to choose an intermediary, the KuCoin platform offers the possibility of making transactions directly on its platform. More than 30 fiat currencies and 100 payment methods are available.
How to withdraw funds from KuCoin:
Cryptocurrency withdrawal fees depend on the network and the currency. The minimum fee is 0.5 USDT.
KuCoin Mobile
KuCoin Exchange has created its own mobile application, which can be downloaded using a QR code on the official website. Android and iOS versions are available. The app provides access to all essential trading functions, making it easy to trade, deposit, withdraw and monitor markets on the go. With the app, you can access all platform features, including spot trading, futures trading and staking. The app also offers push notifications to keep you up to date with market changes and the performance of your assets.
KuCoin reliability
The cryptocurrency trading platform KuCoin offers almost no information about itself. All that is known is that it was founded in Hong Kong and now the head office is located in the Seychelles. KuCoin does not disclose the name of the management company, the registration certificate or the legal address. There is also no licence information.
However, many cryptocurrency exchange platforms do not provide such data, so it is difficult to accuse KuCoin of hiding information. This platform can be considered trustworthy for several reasons. Firstly, it has already been active for five years. It has more than 8 million active users. There have been no major scandals related to platform hacking or cryptocurrency theft.
Secondly, KuCoin has a well-structured security system. All clients must submit to verification. To do so, you must upload a copy of your identity document. Document review takes up to 48 hours. The platform provides three-step protection for withdrawing funds. To make a transaction, you need to:
Therefore, KuCoin's cryptocurrency exchange platform can be considered quite reliable, although the rating will be lowered due to the lack of information about the management company and license.
KuCoin's commissions
KuCoin applies a standard commission policy for cryptocurrency exchanges. Maker and Taker commissions are charged. The amount of the commissions depends on the trading volume as well as the use of the platform's own token, KuCoin Token (KCS). Let's look at the minimum and maximum commissions for traders operating on KuCoin.
Class | Maker Fee | Taker Fee
Class A | 0.1% | 0.1%
Class B | 0.2% | 0.2%
Class C | 0.3% | 0.3%
Traders can also receive Maker commissions at a negative rate (rebate). Payments are credited to clients whose trading volume exceeds 70,000 BTC per month. The maximum rebate rate on commissions is 0.005%.
KuCoin Instrument Selection
The KuCoin cryptocurrency exchange offers its clients a wide selection of trading instruments. Traders have access to 606 cryptocurrencies and 1182 cryptocurrency trading pairs. For example, the following types of coins are available:
Cryptocurrency listings on KuCoin are constantly evolving: new cryptocurrencies are added, and illiquid ones are removed. In addition, KuCoin offers traders a wide range of futures.
KuCoin Support Service
The technical support of the KuCoin exchange is available 24/7. You can contact the support representatives through the following channels:
The KuCoin technical support service responds to requests quite quickly. Support specialists respond within 1 minute of submitting a request.
Conclusion
Both inexperienced and experienced cryptocurrency traders can benefit from KuCoin's comprehensive trading platform. There are numerous reasons to appreciate this exchange, including its user-friendly interface, advanced features, and competitive prices.
If you appreciate free cryptocurrency trading platforms that offer a variety of functions, including trading, lending, and staking bots, KuCoin could be a good option for you. Additionally, investors looking to reduce trading expenses may find the fee structure appealing as it offers discounts for KCS holders and higher trading volumes.
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