KuCoin Review 2022

KuCoin Review Summary

KuCoin is a cryptocurrency exchange. The KuCoin website provides users with enough educational information about the cryptocurrency, The KuCoin platform is a great choice for those interested in crypto. The company's security features ensure that its users' funds are kept safe. The company's cold storage feature means that your cryptocurrency is always stored in a secure environment. KuCoin offers its users round the clock support, via email or live chat. Although the response time to queries is not immediate, users have reported that the response time was very fast.

KuCoin review
What Do KuCoin Offer?

πŸ‘‘ Cryptocurrencies BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, TRX, NEO
πŸ“ˆ Securities tradable 434 cryptocurrencies
πŸ’΅ Cost per trade 0.10%
💬 Customer service Email : Yes, Phone support : No, live chat : No.
πŸ’° Desposit Fees None
πŸ’° Withdrawal Fees Fees vary
πŸ’° Payment Methods Cryptocurrency
πŸ”‹ Mobile app IOS App : Yes, Google Play Android App : Yes

Initially, KuCoin only offered trading via Bitcoin, but gradually started adding more digital currencies that suited its decentralized standards. It has now expanded its list to include more digital currencies like Litecoin, Ethereum, XRP, as well as many others that offer promise and suit its criteria.

KuCoin is a cryptocurrency platform that was founded in 2017 the current CEO is Johnny Lyu. KuCoin has headquarters in Island and offers the buying and selling of over 434 cryptocurrencies to customers all over the world. Buying and selling cryptocurrency can be done online. If you are looking to trade crypto using your mobile phone, KuCoin offers native mobile apps to buy and sell cryptocurrencies, directly from your phone.

You can use exchanges to trade one cryptocurrency for another like Bitcoin to Dogecoin. With KuCoin you can also exchange your cryptocurrency with fiat currency, such as the UK Pound or US Dollar.

KuCoin Review

KuCoin Review

Risk warning : Trading cryptocurrencies is high risk. When trading CFDs losses may exceed deposits.

KuCoin review
KuCoin Best For

KuCoin works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another.

KuCoin review
KuCoin Advantages

Following are the advantages of using KuCoin:

  • KuCoin has been in business longer than 2 years
  • KuCoin offers over 20 cryptocurrencies.
  • KuCoin offers a wide range of fiat currencies.
  • KuCoin offers email support.
  • KuCoin offers an Android Google Play Store mobile app.

Easy UI

KuCoin is considered one of the simplest platforms for cryptocurrency investing. You can easily register and deal in digital currencies within minutes. KuCoin also offers a learning platform that rewards users with cryptocurrencies to learn about how they work.

Wide Crypto Selection

KuCoin has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more. This is in stark contrast to other financial applications or brokers that offer the promise of cryptocurrency trading but provide only a few of the most popular coins.

High Liquidity

High liquidity guards investors from price slippages in a market that is already volatile. KuCoin currently ranks among the highly liquid exchanges.

Opportunities For Earning

KuCoin offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Taking classes also earns you certain digital currencies.

Cryptocurrency Custody

Contrary to brokers focused on trading, KuCoin enables traders to take custody of their cryptocurrency assets for themselves. KuCoin provides its cryptocurrency wallet, but traders can bring their wallets. This way, traders can pick the solution that suits them the most.

Staking Rewards

KuCoin also enables traders holding digital currencies with them to take part in staking rewards. Staking is similar to earning interest with a bank account. This, however, comes with different risks. Staking generates revenue from traders’ holdings as they are utilized for validating transactions in a digital currency. KuCoin shares that type of reward with its traders. KuCoin takes care of the technical side, and the extra coins are sent to the trader’s account on an established schedule.

KuCoin review
KuCoin Disadvantages

Following are the disadvantages of KuCoin:

  • KuCoin does not offer PayPal as a payment method
  • KuCoin does not offer Neteller as a payment method
  • KuCoin does not offer Skrill as a payment method
  • KuCoin charges withdrawal fees
  • KuCoin does not offer Livechat support.
  • KuCoin does not offer phone support.

Insufficient Variety Of Altcoins

Although KuCoin has a vast variety of altcoin choices for beginner investors to interest themselves in. Those seriously wanting to trade in altcoins may not find a good selection there.

Higher Fees And Their Lack Of Transparency

KuCoin has higher fees compared to other exchanges. Its fee structure can also be confusing. If you are using KuCoin β€˜s basic platform, you will not be able to find a schedule before you proceed to place a trade.

KuCoin review
KuCoin Cryptocurrency Choice

KuCoin allows you to trade around 434 digital currencies including BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, TRX, NEO and many more.

KuCoin review
What Cryptocurrencies Are On KuCoin

KuCoin has 434 cryptocurrencies available to registered users. These cryptocurrencies include BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, TRX, NEO.

KuCoin review
KuCoin Stablecoins

KuCoin offers its own stablecoin called KuCoin. Stablecoins are meant to mitigate volatility in relation to digital currencies like Bitcoin. Stablecoins are usually pegged to stable reserve assets like the US dollar or gold. Traders can buy stablecoins on KuCoin.

KuCoin review
KuCoin Altcoins

KuCoin has a decent variety of altcoins for traders to choose from with over 434crypto assets including alt coins listed on KuCoin.KuCoin has a decent variety of altcoins for traders to choose from with over .

KuCoin review
Trading Cryptocurrency With KuCoin

Different cryptocurrencies at KuCoin come with different limitations and set withdrawal amounts. You may only be able to trade some with fiat currencies like the US dollar. Some may also be restricted in some countries. Users can buy cryptocurrencies via debit card. They can also purchase crypto with funds in their KuCoin wallet.

KuCoin Crytocurrency To Crytocurrency Trading

KuCoin has upwards of 434 cryptos available in multiple regions of the world.

KuCoin Crytocurrency To Fiat Currency Trading

KuCoin review
KuCoin Cryptocurrency Custody And Ownership

KuCoin allows users to take custody of their cryptocurrency assets themselves. Users can either use KuCoin’s crypto wallet, or their own. KuCoin also has over 50 fiat currencies available including USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND all accessible to registered users.

KuCoin review
KuCoin Staking Rewards

KuCoin enables customers holding crypto to take part in staking rewards. It is similar to interests in a bank account; however, it comes with its risks. This generates revenue from a user’s holdings because they are used to authorize crypto transactions. That revenue is shared with customers.

KuCoin review
KuCoin Fees

KuCoin Users will have to pay a 0.10% trading fee as well as deposit fees of None when buying and selling cryptocurrency with KuCoin.

KuCoin review
KuCoin Network Fee

Outgoing KuCoin transactions to outside crypto addresses normally require a network fee, also known as a mining fee. This ensures the processing of transactions on crypto networks. This fee is then forwarded to crypto miners, the systems processing the transactions.

KuCoin review
KuCoin Trading Commissions

Trading commissions at KuCoin work similarly to traditional share dealing fees. That means users have to pay a variable commission. The standard trading commission at KuCoin is 1.49 percent, so users will have to pay this percentage when they buy or sell a digital currency.

KuCoin review
Withdrawal Fees

With KuCoin standard cryptocurrency to fiat withdraw fees varies by cryptocurrency, instant cash-out of your KuCoin account. A withdrawal fee of (Fees vary) may also be required for certain 3rd party payment methods instead of using cleared bank funds.

KuCoin Currency Conversion Fees

KuCoin charges a percent flat fee on all currency conversions which you will have to factor into your crypto trading.

KuCoin Payment Methods

The payment methods offered at KuCoin are Cryptocurrency. KuCoin also offer wallet, wire transfer, crypto conversion, ACH transfer, and credit transactions.

KuCoin review
KuCoin Withdrawal Methods

If you have cryptocurrency or traditional fiat currency in your KuCoin account and want to withdraw it, you must use the same payment method that you used to deposit it. This is because of anti-money laundering legislation.

KuCoin review
Withdraw Fiat Currency From KuCoin

Users can withdraw their digital currency from KuCoin to fiat at any time through an ACH transfer. Such transfers usually take 1-2 working days to complete. KuCoin also allows instant cash-outs that run twenty-four-seven, to cards or bank accounts in exchange for extra fees (1 percent).

KuCoin review
KuCoin Security

Contrary to holding cash in a traditional bank, cryptocurrency is not secured under federal laws. KuCoin stores 98 percent of its users’ cryptocurrency offline in what is known as cold storage. The remaining 2 percent is meant for facilitating trading volume. The platform also has an insurance policy that protects users’ cryptocurrency holdings.

KuCoin holds its customers crypto in its free wallet service. Users can even choose to hold their cryptocurrencies in separate wallets. KuCoin requires its users to finish a 2-factor authentication process to log in to their accounts. Other than that, KuCoin also has biometric login (fingerprints and Face ID) security as well as AES-256 encryption when it comes to private keys. Aside from all this, it helps to use strong passwords, i.e., ones that should not be used elsewhere.

KuCoin holds your cash in one of three locations: custodial accounts found at US banks, US money market funds, US Treasuries and for European KuCoin clients FCA regulated European banks may be used.

KuCoin review
KuCoin Two Factor Authentication - 2FA

KuCoin does offer two-factor authentication for added security.

KuCoin Specific Device Whitelisting

Specific device whitelisting is a feature that enables cryptocurrency withdrawals to only be sent to devices that are allowed. The two-factor authentication feature is required to enable or disable the feature. This allows KuCoin customers to withdraw to authorized devices.

KuCoin review
KuCoin Wallet

KuCoin review
KuCoin Online Cryptocurrency Wallets

KuCoin review
KuCoin Hardware Cryptocurrency Wallets

KuCoin review
KuCoin Liquidity

KuCoin has a large amount of liquidity. In that case, wide spreads should not be a big concern. Liquidity also allows for significant transactions without any problems.

KuCoin review
How To Open A KuCoin Account

To open an account at KuCoin, the first step to get started is to provide your name, email address, password, and the state you live in. Choose β€œcreate an account” and move on to verify your email. Once you log in, you will be asked to provide your number and verify it. The next step is to fill in your personal information and answer any questions about the account creation. After that, you verify your identity (a two-factor authentication setup is recommended). The last step is to link a payment method.

KuCoin review
KuCoin User Interface

KuCoin has a simple, user-friendly interface.

KuCoin review
KuCoin Features And Cryptocurrency Trading Tools

KuCoin offers features like crypto investing, custodial accounts, an advanced platform for trading, and its own designated US dollar stablecoin.

KuCoin review
KuCoin Ease Of Use

KuCoin is fairly easy to use. The sign-up process takes only a few minutes. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at KuCoin.

KuCoin review
KuCoin Mobile Apps

The availability of mobile applications for such platforms is highly crucial for investors that are always on the go. This way, they can effortlessly place market offers, and keep tabs on live market data, i.e., shares, currencies, stock indices, commodities, etc. KuCoin has highly rated applications for both iOS and Android.

KuCoin review
KuCoin Apple App

The KuCoin app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.

KuCoin review
KuCoin Android App

The KuCoin app can be found on the Play Store on all Android devices, offering the same features as the desktop website.

KuCoin review
KuCoin Education Resources

KuCoin enables entitled customers to learn about digital currencies through their educational resources offered. Users can even unlock lessons educational content and earn cryptocurrency in the process.

KuCoin review
KuCoin Customer Support

KuCoin registered users can request support through email, phone, live chat when available. Support options are available through the KuCoin website and apps. If you have an issue that needs to be resolved you also speak to a representative by filling out a form on the KuCoin website. KuCoin also has a help page for solving common problems with your KuCoin crypto account.

KuCoin review
KuCoin Phone Support

KuCoin phone support can be accessed by called them on .

KuCoin review
KuCoin Email Support

KuCoin email suport can be reached at [email protected] Although KuCoin usually respond within 2 days it may take up to 7-14 days for a response to some queries during peak times.

KuCoin review
KuCoin Live Chat

Customers can reach out to KuCoin via live chat at any time if they have issues or difficulties with their KuCoin account that they can't solve. Obtaining assistance via live chat is by far the most common means of customer service compared to other types of support.

KuCoin review
What Countries Is KuCoin Available In?

KuCoin is available in over 100 countries. KuCoin does not operate in the following countries : Afghanistan,Haiti,Iran,Iraq,Jordan,Kazakhstan,Kosovo,Lebanon,Libya,Macau,North Korea,Palestinian Territories,Panama,Sierra Leone,Syria,Yemen.

KuCoin review
KuCoin Account Limits

KuCoin offers remarkably high limits and they depend on the user’s account level. A user’s account level is determined by the amount of information they have verified. Fully verified users can buy up to 50K USD worth crypto every day.

KuCoin review
KuCoin Awards

KuCoin review
Can KuCoin Be Trusted?

KuCoin is a regulated company that is backed by major investors and holds licences for all the districts it operates in.

KuCoin review
Is My Money Safe With KuCoin?

Yes, KuCoin is among the safest web wallets available. It keeps 98 percent of its assets in offline cold storage. Assets cannot be hacked while in cold storage. KuCoin also ensures other ways to safeguard funds, i.e., two-factor authentication and AES-256 encryption. Your wallet is also covered up to 250K, courtesy of FDIC Insurance.

KuCoin review
Is KuCoin Regulated By A Financial Regulator?

Yes, KuCoin is compliant with all applicable regulations in every jurisdiction it operates in.

How Do I Contact KuCoin If There Is A Problem?

KuCoin β€˜s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on KuCoinβ€˜s website. KuCoin also has a β€œHelp” section for less complicated issues.

KuCoin Review Verdict

KuCoin makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple. It offers a vast collection of cryptocurrencies to trade, and users can also earn staking rewards, among other things.

KuCoin Compared To Other Cryptocurrency Platforms

  1. Visit KuCoin alternative KuCoin

    🀴 Used By: 8,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, TRX, NEO and 434 more cryptocurrency.
    πŸ“ˆ Traded Volume: 110,957,137
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: 0.10%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  2. Visit KuCoin alternative eToro Cryptocurrency

    🀴 Used By: 23,200,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 41,693,321
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary. Overnight and weekend fees apply
    πŸ’° Withdrawal Fees: US$5 (minimum withdrawal of US$50)
    πŸ’° Deposit Fees: Fees vary (conversion fees for non-USD deposits)
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  3. Visit KuCoin alternative eToroX

    🀴 Used By: 13,000,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 42,043,394
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  4. Visit KuCoin alternative Coinbase Pro

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC and 80 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0-0.50%
    πŸ’° Withdrawal Fees: Cryptocurrency: None
    πŸ’° Deposit Fees: Cryptocurrency: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  5. Visit KuCoin alternative LocalBitcoins

    🀴 Used By: 1,000,000
    ⚑ Crypto Available: BTC and 1 more cryptocurrency.
    πŸ“ˆ Traded Volume: 612,000,000
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: None
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  6. Visit KuCoin alternative Kraken

    🀴 Used By: 6,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, BAT, ETC and 81 more cryptocurrency.
    πŸ“ˆ Traded Volume: 3,048,440,145
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0.00-0.16%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  7. Visit KuCoin alternative Huobi

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM and 320 more cryptocurrency.
    πŸ“ˆ Traded Volume: 924,266
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.2%
    πŸ’° Withdrawal Fees: None
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  8. Visit KuCoin alternative Coinbase

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC and 73 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of 0.45
    πŸ’° Deposit Fees: Credit/debit card: 3.99%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  9. Visit KuCoin alternative Coinmama

    🀴 Used By: 2,300,000
    ⚑ Crypto Available: BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS and 10 more cryptocurrency.
    πŸ“ˆ Traded Volume: 86,072,667,390
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: 2.9-3.9% (depending on loyalty level)
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Credit card: 5%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  10. Visit KuCoin alternative CoinJar

    🀴 Used By: 450,000
    ⚑ Crypto Available: BTC, ETH, XRP, EOS, LTC, XLM, USDT, OMG, ZRX, MKR and 42 more cryptocurrency.
    πŸ“ˆ Traded Volume: 64,141,140
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0.05-0.15%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: No Fees
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

KuCoin Frequently Asked Questions

Following are the most commonly asked questions (and their answers) about KuCoin:

Is KuCoin Safe?

Yes, KuCoin is backed by high profile investors and regulated by reputed financial authorities.

How Do I Withdraw From KuCoin?

Users can withdraw their crypto to fiat any time they want through an ACH transfer. Such transfers normally take 1-2 working days. KuCoin also allows instant cash-outs to cards or bank accounts in exchange for extra fees.

Is KuCoin Okay For Beginners?

Yes, because of how easy-to-use its web and application interfaces are, KuCoin is seen as one of the best options for beginner traders.

Do I Have To Pay TAX With KuCoin?

You will need to pay taxes on any cryptocurrency profit you accrue. How cryptocurrency is taxed differs on where your country of residence is and where you are in the world. In the USA federal income tax purposes, cryptocurrency is considered "property," which means the IRS classifies it as a capital asset. This means that the crypto taxes you pay are the same as the taxes you'd pay if you had a profit or loss on a capital asset sale or exchange.

Any earnings made on crypto assets held as a personal investment in the United Kingdom will be taxed. It is stated that you must pay capital gains tax only on gains that exceed the annual exempt level.

Individuals must pay taxes on cryptocurrency received as a result of mining, airdrops, confirmation incentives, and cryptocurrency acquired as a paycheck from an employer. Unless the donation exceeds the acquisition cost, crypto assets donated to charity are not subject to capital gains tax.

Check with a local accountant to check if any tax is due on your cryptocurrency trading.