crypto exchange

KuCoin is a crypto exchange that offers trading services as well as third-party brokerage services. This trading platform has become one of the largest crypto exchanges in the world.

One of the main underlying reasons is that you can find more than 200 Coins with 450 crypto trading pairs hosted on KuCoin Exchange. The trading pairs are not only major pairs such as BTC/USD and ETH/USD but many crypto-cross pairs. One of the best things about all the features on the platform is that if you want to trade less liquid ERC-20 tokens, you will most likely find them on the KuCoin Exchange.

KuCoin offers a wide variety of financial instruments that go beyond just crypto-to-crypto pairs, but also offer cryptocurrency indices, margin trading, and futures. The following is a complete review of the KuCoin platform, fiat currency facilities, fees & commissions, security, customer support, and trading features.

  • Known as People’s Exchange, KuCoin is a top-five crypto trading platform and is named as the best crypto exchange in 2021 by Forbes Advisor
  • KuCoin offers high security, low fee with a friendly interface, KYC policy, and customer support
  • KuCoin is the biggest altcoin exchange, with 540+ assets and 960+ trading pairs.
  • KuCoin is built for all classes of investors, offering trading bot, crypto lending services to beginners, and margin & futures trading to advanced traders
  • KuCoin is transforming into the first and biggest social trading platform in crypto. It launched social trading features such as copy trading, a news feed, an in-app community on the KuCoin App to further boost the mass adoption of cryptocurrency

1. KuCoin Basics

1.1 History & Background

Launched in September 2017, KuCoin is a Seychelles-based global crypto exchange. The platform’s technical architecture was created in 2013, yet it took years of polishing to make it the seamless experience KuCoin is today.

In November 2018, KuCoin announced $20 million (USD) round A funding from IDG Capital and Matrix Partners.

Known as “People’s Exchange”, it currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world.

According to CoinMarketCap, KuCoin is a top 5 crypto exchange. In 2021, Forbes Advisor named KuCoin as one of the Best Crypto Exchanges.

1.2 KuCoin Account Verification (KYC)

On November 1, 2018, KuCoin implemented Know your customer (KYC) verification to combat against criminals and money laundering. Nevertheless, account verification at KuCoin is optional, especially if you’re a small volume trader.

The KYC will affect your daily withdrawal amount. Specifically, an account without KYC can withdraw 2 BTC in 24 hours, which is still enough for most traders. Comparatively, Binance only allows users without KYC to withdraw 0.06 BTC in 24 hours.

1.3 KuCoin Fee

KuCoin offers a competitive fee structure starting from 0.1%. And it also offers multiple ways to enjoy a lower fee. One way is to pay the fee with KuCoin Token (KCS), which offers a 20% fee discount. Also, by holding KCS or increasing the trading volume, your VIP level will grow which gives you a lower fee.

For instance, a user with 2000 BTC monthly spot volume can enjoy 0% for the maker and 0.07% for a taker.

1.4 KuCoin Interface

With a simple user interface, KuCoin is easy to use even for beginners. It has a modern and straightforward layout that extends through all pages.

1.5 KuCoin Fiat Services

KuCoin now supports over 50 fiats such as USD and EUR from services like KuCoin Fiat Account, P2P market, and third-party fiat onramps like Simplex and Banxa.

For European countries, KuCoin Fiat Account is the best choice as it offers a hassle-free experience with a fee lower than the industry average. And for countries like India and Vietnam, the P2P market is ideal as it offers 0 fees for buying and selling.

Kucoin offers an exclusive trading platform built on a ground-up basis. There are no requirements to download and install the application to your device or desktop, because the KuCoin trading arena itself can be accessed via a browser. Of course this platform is suitable for both novice investors and experienced traders.

The platform is very clean and easy to navigate and has many powerful tools at your disposal. You can even customize the Kucoin trading screen to your liking.

Regarding the trading volume and availability of liquidity, you don’t have to worry at all when trading the more popular trading pairs. However, you may find that trading volume on less liquid pairs is low and especially those involving ERC-20 tokens.

When entering the world of cryptocurrencies, as a trader, you must have the ability and understand the concepts in order to get maximum results and profits.

In this space, there is the term mining or mining. This is usually done in various cryptocurrencies such as Bitcoin mining to profit from existing reward blocks.

The KuCoin Pool is an important part of the KuCoin strategy in ecological globalization. The mining pool ecology is built with BTC, BCH, ETH, DCR, and other public chains as the core construction, with strong technical research and development capabilities, providing accurate hash rate data and ensuring high mining revenue.

Crypto trading offers huge profit potential. Moreover, you can take advantage of the various types of crypto assets traded. In addition, currently, there is an effective and efficient way to trade, namely by using the KuCoin trading bot.

A kuCoin trading bot is a smart software that uses machine learning and artificial intelligence technology to help the trading process. The presence of a trading bot from KuCoin can help you monitor crypto value movements more accurately and execute trades at the same time.

Advantages of KuCoin Trading Bot

From various trading bot considerations, KuCoin trading bot offers various advantages. You can take advantage of trading bots from KuCoin to profit in various market conditions, whether bullish, bearish, or when market turbulence occurs. Furthermore, KuCoin has smart technology that enables it to make decisions quickly and conveniently.

Compared to other trading bots, you will get 4 main advantages from KuCoin Trading Bot, namely:

Encourage More Effective and Efficient Tasks

Trading bots from KuCoin have the ability to effectively reduce repetitive tasks. You can do this because trading bots are able to remember previously executed tasks. For example, when you are used to rebalancing your portfolio every 4 hours. You can use the Smart Rebalance Bot feature to do this automatically.

Faster and Less Risk Decision-Making Process

KuCoin can help you take advantage of great opportunities more easily. You don’t have to sit in front of a monitor to execute transactions. Instead, you can set up a bot to make transactions when the market movement reaches a certain point.

Furthermore, the decision-making process of the KuCoin Trading Bot is carried out in a calculated manner. Moreover, Trading Bots have the advantage of monitoring market fluctuations. Trading Bot will help you to get optimal profit when the market is going up. On the other hand, the use of trading bots can save you from the risk of high losses when the market is down.

Supports Various Trading Strategies

The last advantage you can get from the KuCoin Trading Bot is the support for various trading strategies. You can choose to run the classic grid strategy. In this strategy, the bot will run to ensure you earn by making low-priced purchases and selling them when they reach high values.

There is also support for the DCA or Dollar-Cost Averaging strategy. This strategy helps you make continuous investments more practical and easier. In addition, Trading Bot also supports Futures Grid and Smart Rebalance strategies which make your profits bigger.

With its various advantages, you can earn big profits simply by taking advantage of the KuCoin Trading Bot. Interestingly, this trading bot can be used by everyone. Not only by experienced traders but also by novice traders.

Know all about the KuCoin crypto exchange