Kucoin crypto exchange review

Kucoin crypto exchange review. Registration, verification and login. Review of personal account. Buying, selling and withdrawing cryptocurrency.

General information about the Kucoin exchange

KuCoin is a global cryptocurrency exchange with a daily trading volume of approximately $1 billion. Launched in September 2017, it has quickly become one of the most popular exchanges, attracting 18 million registered users from over 100 countries. The platform offers a secure and efficient exchange service for digital assets and cryptocurrencies, as well as innovative services and products such as spot exchange, futures markets, margin trading, lending services, and rewards for making trades.

KuCoin has been designed with the needs of users in mind, making it suitable for both beginners and experienced traders. The exchange offers a user-friendly website and mobile app, with a wide range of products and advanced trading tools for popular crypto assets and low-cap altcoins.

Registration, verification and login

Registration at the Kucoin cryptocurrency exchange

To register, you need:

  1. Enter your mobile phone number in the application form.
  2. Click “Send code”.
  3. Enter the numbers from the SMS in the special field.
  4. Invent a password.
  5. Agree with the site rules.
  6. Click “Sign up”.

You can also register by email. To use this method, you need to select the appropriate tab in the registration form. The only difference is that instead of a phone number, an e-mail is indicated, to which the code is sent. The rest of the procedure is exactly the same.

After creating an account, the user is automatically authorized on the site. He will also see a banner with a brief description of the main features of the exchange and an offer to make a deposit. You can not top up the account right away by hiding the information block.

2. Verification

You can top up your cryptocurrency account immediately after completing registration on the KuCoin exchange. But in order to withdraw the money earned during trading, you will need verification. To pass it, you must do the following:

  1. Hover over the account icon.
  2. Select “KYC Verification” from the menu.
  3. Click the “Start verification” button.
  4. Fill out the form, indicating the country, first name, last name and ID number.
  5. Check the box against agreeing to the rules of the site.
  6. Click “Post”.

After that, the data will be checked, which can last from several hours to 1-2 days. If everything is fine with them, then the user is verified, which gives him the following options:

  • withdrawal up to 1 BTC per day;
  • maximum leverage during futures trading x100;
  • daily limit 1400 USDT.

Importantly! As an identity document, you can use not only a passport or an ID card, but also a driver’s license or a foreign passport.

3. Entrance

For authorization, you need to click the “Login” button at the top of the page.

Next, the site will offer to choose the appropriate method, there are 3 of them in total:

  • By phone number. The mobile number is indicated, then the password is entered and the login is confirmed.
  • By email. Everything is similar to the previous method, but the login is not a phone number, but an e-mail.
  • Through the program. A QR code appears on the screen, which should be scanned using the exchange’s software.

If you have connected Google Authenticator, you will need to confirm the login with the code from your authenticator. Note that the action of the codes in it is very short. Entrance to the stock exchange

Entrance to the stock exchange

Review of personal account

In order to get to your personal KuCoin account, you need to click on the account icon at the top of the page.

The cabinet consists of several tabs:

  • User profile. Basic information about the trader is stored here. You can also change some settings from the section (for example, activate phone verification during authorization or log in via a Google account).
  • Security settings. Here, the user can change the password, set up access to the personal account, set the parameters for depositing and withdrawing money. A number of settings duplicate those presented on the previous tab.
  • KYC verification. In this section you can confirm your personal data.
  • API management. This includes SMS login verification or authorization using a Google account. You can also set a trading password here.
  • Download CVS. In the section, a file is available for download with information about price fluctuations of purchased tokens.
  • Sub-Account. Additional profile management menu for trading.

A number of profile settings are located outside of the personal account. They are opened by pressing the buttons at the top of the screen:

  • Bell. The message menu, where all important information (especially regarding trading) comes.
  • Tablet. Order management menu (spot, futures, margin).
  • Wallet. Displays the user’s accounts (main, trading, margin, futures) and shows the current balance. In the lower par twallet menu has “Buy” and “Deposit” buttons. With the help of the first, you can buy cryptocurrency, the second allows you to deposit funds to the balance.

There is also a USD button in the account control panel. Opens the account currency switching menu. There are 44 different options available, including USD and EUR.

How to buy and sell cryptocurrency on Kucoin

To buy any cryptocurrency on the KuCoin exchange, you need to top up your balance.

Exchange replenishment options

To do this, you need to do the following:

  1. Hover over the tablet icon.
  2. Click the “Buy” button.
  3. Go to the “Fiat Currencies” tab.
  4. Choose a payment method.
  5. Enter details.
  6. Confirm the transaction.

There is another way to top up – with cryptocurrency.

To use it, you need to go to the appropriate tab, the deposit section (opens by default). Next, you need to choose the desired coin. After that, the cryptocurrency wallet number will appear. It is necessary to send the required amount in the specified token to it. The transferred funds will be credited to the user’s balance.

Cryptocurrency deposit

Importantly! Replenishment in fiat currencies requires verification, you can make a deposit in crypto without it.

If fiat is credited to the balance, then any coin can be purchased with it. To do this, you need to click the “Buy cryptocurrency” button on the main page and choose one of three methods:

  • Quick purchase. Instant exchange – the user only indicates the desired amount and token.
  • P2P. In this case, the transaction is between two users. When selecting the appropriate option, available offers from other clients of the platform are displayed on the screen. To accept one of them, you need to click the “Buy” button next to it, fill out a small questionnaire and confirm the transaction.
  • The third party. This method implies the purchase of crypto on a third-party resource (now Simplex and Banxa services). It makes sense to use it when the rate for a quick purchase is not satisfactory, and there are no suitable offers from other users in the P2P block. To conclude an agreement, it is enough to fill out the form, indicating the amount of the purchase and the method of payment, and confirm the action. Re-confirmation on a third-party service will also be required.

When using the “Third party” method, you can pay not only with a bank card, but also with the use of the Apple Pay contactless payment system. Similar services for Android are not yet available for performing operations.

Withdrawal from the Kucoin exchange

The withdrawal procedure is simple and clear. To receive money, you must do the following:

  1. Click on the wallet icon at the top of the page.
  2. Click on the balance block.
  3. Click the “Withdrawal” button on the right side of the screen.
  4. Enter details and withdrawal amount.
  5. Confirm the transaction.

In order to be able to withdraw money, you need to activate SMS verification or sign in with a Google account. This is due to the need to confirm each withdrawal by phone number or through the Authenticator program.

The duration of withdrawal depends on the network load and the speed of confirmation of the operation. On average, it is about 30 minutes. In some cases, money can last 1-1.5 hours.

Withdrawal from KuCoin to the card is possible if the user has fiat on the balance. If there is only crypto on it, then it can be withdrawn exclusively to a cryptocurrency wallet. To use the card, tokens must be sold in advance, having received the required currency.

Commissions on the Kucoin exchange

Commissions on the KuCoin exchange are lower than on similar platforms, but they are still charged.

Tariff table.

Commission typeCommission size
Trading (spot)0,005–0,8%
Trading (futures)0–0,032%
For withdrawal0,0006 BTC (or the equivalent in another token)
For depositNone
Tariff table

The size of the commission depends on the specific currency pair, so it can change. Learn more about all commissions on the exchange.

Commissions for input and output of certain cryptocurrencies

Kucoin mobile app

Kucoin mobile app

The crypto exchange has its own mobile apps for Android and iOS. They allow you to trade anywhere there is an Internet connection, and do not tie the user to a stationary PC. Android software can be downloaded directly from the Play Market. For this you need:

  1. Open the Google software store.
  2. Enter KuCoin in the search.
  3. Click on the appropriate result.
  4. Click “Install” on the program page.
  5. Wait for the installation to finish.

Software for Apple equipment is downloaded from the App Store. You can find programs in the store by the name of the exchange. On the software page, click “Download” and wait for the installation process to complete.

If it was not possible to find the program in the store on your own, you need to open the desktop site and find a block with links to applications at the bottom of the page. There are only 2 of them – iOS and Android, but both lead to the same section. You need to click on any, and then move the mouse cursor over the logo of the corresponding operating system. After that, a QR code will appear on the screen, which you need to scan with your phone. When this is done, you will be redirected to Play Market or App Store (depending on the selected OS).

Mobile application interface

  • In terms of interface, the program is very different from the desktop site. The main differences are as follows:
  • The button to quickly buy cryptocurrency or fiat is brought directly to the main screen.
  • There is quick access to the main trading tools, as they are collected in one panel.
  • At the bottom of the screen there is a panel with links to some sections of the crypto exchange, which provides convenient access to them.
  • The user can choose 2 themes for the program: standard light and dark contrast.

The personal account is made in the form of a separate page, and in the form of a sidebar. It slides out from the left side of the screen by clicking on the profile icon. The personal account does not look like it does on the desktop: it does not contain links to all sections. Some of the other menus.

In terms of functionality, the software is no different from a working site. It allows the trader to fund his account, trade, buy cryptocurrency and withdraw money. However, due to the differences in the interface, you will have to get used to the software: not everything will be immediately clear if before that trading was conducted only on the PC resource.

Various opportunities on Kucoin

Buy cryptocurrency for fiat – allows you to buy about 30 cryptos and stablecoins using credit/debit cards with the help of payment systems (Visa/Mastercard, SEPA, Apple Pay, Google Pay, etc.), through such payment channels as Simplex, Banxa , Mercuryo, Mobilum. KuCoin accepts 49 fiat currencies from around the world, such as USD, GBP, EUR, UAH, RUB, TRY, PLN, JPY, etc.

KuCoin P2P Fiat Trade is another convenient peer-to-peer fiat to cryptocurrency conversion service with zero transaction fees, fast and secure settlement. Here you can trade cryptocurrency like USDT, BTC, ETH, PAX and CADH directly with other sellers. Professionalism and reliability of traders are guaranteed by going through a strict selection process. 50+ fiat cryptocurrency purchases supported via P2P, credit cards, etc. with multiple payment methods including PayPal.

The Quick Buy feature is the ability to securely purchase multiple digital assets such as BTC, USDT, ETH and PAX with low commission rates. KuCoin Instant Buy/Sell allows users to top up their wallet using WeChat Pay, Alipay, PayPal and bank cards.

The Quick Buy

Instant Exchange is an instant exchange with zero trading fees that supports popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin and XRP.

KuCoin Futures (KuCoin Mercantile Exchange) – a tool for trading futures contracts (forever and delivery contracts) using Bitcoin with leverage up to 100x. Currently, three types of orders are supported: limit, market and stop orders. There are two versions of KuCoin Futures: one aimed at beginners (light version) and the other aimed at more experienced traders (pro version). The Lite interface allows you to trade Bitcoin (BTC) and Ethereum (ETH) contracts with USDT margin, as well as BTC futures contracts with BTC margin. The Pro interface is more advanced and allows you to switch between the following contracts: USDT Margin (Perpetual BTC and ETH), BTC Margin (Perpetual BTC, Quarterly 0925 BTC and Quarterly 1225 BTC).

Margin Trading – Ability to trade 36 market pairs with up to 10x leverage. Pairs include leading cryptocurrencies such as Bitcoin, Ethereum, Litecoin, XRP, EOS, ATOM, Dash, Tron, Tezos, Cardano and others.

Other Features

Pool-X – designed to provide liquidity services for staking tokens, enabling higher revenue for PoS cryptocurrencies (such as EOS, TOMO, ZIL, ATOM, KCS, XTZ, ZRX, IOST, TRX and others) was officially released in August 2019 as the next generation platform for PoS mining. Pool-X is backed by POL (Proof of Liquidity), a decentralized zero-reserve loan issued on the TRON TRC-20 protocol. This product allows you to receive rewards for storing coins and tokens (up to 15% annual returns for extremely low minimum deposits).

KuCoin Lend – Earn interest on your digital assets by lending them to fund margin accounts. Loans are issued for 7, 14 or 28 days, and you can earn up to 12% per annum on your investments. At the moment, the lending service accepts cryptocurrencies USDT, BTC, ETH, EOS, LTC, XRP, ADA, ATOM, TRX, BCH, BSV, ETC, XTZ, DASH, ZEC and XLM.

Referral (affiliate) program – receiving a reward for attracting more users to the platform.

Customer Support – 24/7 and prompt multilingual support via Telegram, WeChat, etc

Go to the KuCoin site

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