Kucoin Review

Learn How to Use Kucoin, What Kucoin Fees Are, How to Trade on Kucoin, and Much More in This Comprehensive Kucoin Review. Review

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Save 20% on all fees

Last Updated: July 31, 2022

0
Our Score
4.8/5
Our Kucoin assessment for 2022 examines one of the most well-known online cryptocurrency providers to determine whether the business will continue to deliver top-notch services for cryptocurrency traders. The company offers customers one of the most comprehensive packages in the crypto trading industry because to its broad range of cryptocurrency items. But is Kucoin.com a good deal or are there better options available? Let’s get started with this Kucoin evaluation and see if it’s the best cryptocurrency exchange for you.

Pros:

✅ A wide selection of coins, including recently launched cryptocurrencies
✅ Adequate security measures
✅ Trading without verification
✅ Very cheap costs for trading, withdrawal, and deposits
✅ Very easy to use, ideal for new users

Cons:

❌ Low trading volume and occasionally problems with liquidity on lesser coins
❌ Some issues when there is a lot of traffic
❌ Low trading volume and occasionally problems with liquidity on lesser coins
❌ Some issues when there is a lot of traffic

Table of Contents

Account Creation Simplified

Making a KuCoin account is simple, quick, and takes very little time. To get started, go to the KuCoin homepage and select “Sign Up” in the top right corner. You will then need to enter your password, phone number, or email address. As soon as your account is set up, you can start trading.
You might choose to continue with KYC verification at that point to gain access to higher daily withdrawal limits and additional services. On KuCoin, there are KYC verification methods that are both straightforward and difficult.
To complete the process, log into your account, choose “KYC verification” from the drop-down menu next to your avatar, and provide some basic personal information. Suppose you choose to move through with the advanced process. In that case, you will also need to provide extra documents, such as a selfie or a photo of your government-issued ID, in addition to your basic biographical information. Once you have completed the advanced verification, you can access more trading capabilities.

Easy To Buy Coin!

Do you also have questions about purchasing KuCoin? This is also really simple! Once your account has been funded, select Markets from the menu at the top of the page. The trading pairs that are available for the coin you want to purchase will subsequently be listed by KuCoin.
In my scenario, there is only NEO/BTC accessible, so I must exchange Bitcoin for NEO. The trading pair that corresponds to the coin you deposited with is clickable! You are now on the trading screen’s main page. Look for the buy box that is displayed beneath the list of orders on the right side of the website.
You just need to enter the number of coins you want to buy, click the blue Best Price button, and then click the green Buy box to complete the transaction. Simply said, that is everything!

Best crypto referrals -

REFERRAL CODE

How to claim exclusive sign up bonus from our referral code

As was already said in this piece, one of the key elements influencing the current level of popularity of the KUCOIN platform is its well-known affiliate programs and referral codes.

A distinct affiliate referral number is provided to you when you create an account. By using this code, you can receive a 20% discount on all fees. You can create a referral link and share it with friends and others once you have this code. A 20% bonus on all costs will also be given to them.

Your friends who sign up for KUCOIN accounts using this link are likewise rewarded.

If they use your crypto coupons link or KUCOIN suggest code, they will also be qualified for a referral bonus.

After clicking on our link, there is nothing further you need to do because your browser’s ‘Referral Code’ field will already be filled in. Complete the remaining registration requirements.

Before moving on, be sure you have read and comprehended all of the T&Cs. It’s wise to start investing before you start trading with them.

Eligibility to Explore Kucoin

Since Kucoin is a derivatives exchange, it is only for seasoned traders who have access to leverage. However, the availability of additional features, like the option to directly purchase cryptocurrency from the website, copy trading, or bot trading, makes them also acceptable for complete beginners since they allow them to make money while learning about trading. Therefore, it is safe to state that Kucoin is perfect for all types of traders, from novices to seasoned pros and everyone in between.

Is Kucoin Legit?

Yes, KuCoin is a reputable cryptocurrency exchange that was launched in 2017 and is used by more than 11 million users worldwide. It makes use of dynamic multi-factor authentication, micro-withdrawal wallets, and multilayer encryption at industry standards.
Despite having KYC verification and other industry-required security measures, KuCoin’s exchange experienced a significant attack in 2020. Hackers stole cryptocurrency worth over $280 million from consumers’ hot wallets. Fortunately, an insurance fund insured the assets, but a security violation of this size is still alarming.
Along with encryption and multi-factor verification, KuCoin also provides users with a unique password just for trading. To make trades or withdraw money, users must enter this password in addition to their standard login credentials.

The experience we had using KuCoin

Users of KuCoin can access their accounts online or through an iOS mobile app. Both its desktop website and mobile apps offer a multitude of features and functionalities.

Users of KuCoin can sign in on a PC or mobile device and click to view markets, buy, trade, lend, and do other things using bitcoin. The four order types that the platform supports are market, limit, stop-limit, and stop-market orders. Some users may benefit from the availability of margin, derivatives, and P2P trading. The trading process is streamlined by KuCoin’s Trading Bot function, which essentially acts as a Robo-advisor for your bitcoin portfolio. Staking is also possible with KuCoin, and it was newly released. So I want to warn the newcomers:
KuCoin offers a wide variety of tools and features, which may be overwhelming for novice cryptocurrency traders. If you’re new to cryptocurrencies, think about utilizing an exchange that is a little bit easier to use.

Verdict: Should you use Kucoin?
One of the most competitive exchanges in the world, KuCoin offers a variety of tools and features that may be of interest to more seasoned traders. It lacks an American operating license and has poor user ratings. If you’re based outside of the United States and have prior experience trading cryptocurrencies, you might find KuCoin’s features to be interesting. But be sure to do your homework before registering to ensure that it’s the ideal platform for you.

Why we Recommend:

✅ A wide selection of coins, including recently launched cryptocurrencies
✅ Adequate security measures
✅ Trading without verification
✅ Very cheap costs for trading, withdrawal, and deposits
✅ Very easy to use, ideal for new users

Drawbacks:

❌ Low trading volume and occasionally problems with liquidity on lesser coins
❌ Some issues when there is a lot of traffic
❌ Low trading volume and occasionally problems with liquidity on lesser coins
❌ Some issues when there is a lot of traffic

0
Our Score
4.8/5

(981 User Reviews)

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