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The Review Wizard

KuCoin Reviewed

About KuCoin from KuCoin...

Behind KuCoin are two tech geeks who were early blockchain adopters. Having started coding at the age of 8 and founded his first startup at the age of 16, Michael immediately started to mine BTC when he heard about Bitcoin from his boss Eric in 2012. But when he tried to sell some BTC on Mt. Gox, he discovered that what was the world's largest platform at the time was difficult for beginners to use. As the adoption of blockchain continued, Michael and Eric realized that it was reshaping the financial system into one that would not only serve richest few, but everyone in the world — even the less educated, unemployed, and unbanked. By the end of 2013, they wrote the first pieces of KuCoin's code in a cafe, starting a People's Exchange that would allow all to get involved with crypto.

Is what KuCoin claims true? See what real users are saying about KuCoin.

KuCoin market overview page.

Image Credit: KuCoin

👍 Pros

I was particularly impressed, with the range of cryptocurrencies offered by KuCoin. It provides investors with opportunities to diversify their portfolios and explore new projects.

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Broad selection of tradable cryptocurrencies.

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Competitive trading fees.

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Fully customizable, advanced trading interface.

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Low fees: Compared with other major exchanges, KuCoin offers relatively low trading fees. Users can expect to pay between -0.005% and 0.10% per trade, and a 20% discount on trading fees is offered when using its token, KuCoin Token (KCS).

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Strong user base.

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Smooth trading, has tons of market options (stop loss is what brought me here) and very low fees.

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Excellent customer support service that can be contacted 24/7 via its website, email, ticketing system, and other channels.

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Very high level of security.

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KuCoin does a pretty good job of filling its blog with helpful articles whether you’re just getting started with crypto investing or curious about a more advanced strategy. You just have to be willing to do a little digging to track down the information you’re looking for in the extensive Help Center.

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Previously, KuCoin only accepted deposits of cryptocurrencies and it did not accept any deposits of fiat currency. Today, however, both card payments and bank transfers are possible here. This makes KuCoin one of the "entry-level exchanges" out there, through which new crypto investors can take their first steps into the thrilling crypto world.

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Competitive withdrawal fees, free deposits.

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Well-known exchange.

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KuCoin boasts an intuitive and user-friendly interface designed to cater to traders of all skill levels. Whether you’re a seasoned professional or a beginner, navigating the platform is seamless, with a clean layout and easily accessible features.

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💰Current Discounts

Interested in trying it out? Check out these KuCoin Discounts and Coupon Codes.

Start trading to get up to 8,200 USDT in rewards!

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👎 Cons

There is also the issue of one-time-passwords. A reasonable amount of my time has been wasted on waiting for this passcode to be sent through text message.

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For testing 5 of the other biggest exchanges. I can say that Kucoin is complete in terms of Trading features, and there are no bugs However, the introduction lacks simplicity. The interface must be simplified on the Desktop part.

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Been a user of KuCoin for a long time, unfortunately I am starting to doubt the reliability of the future's bot. I had a VRA entry of 0.0073 and set the tp to 0.008222; the service indicates it was tp'd, however, the price never reached that area and my bot was closed; It happened 3 times already with similar issues and customer service is not being very useful or knowing how to help.

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KuCoin is not licensed in the U.S.

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Not beginner-trader friendly.

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Limited payment methods.

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The new trading screen layout is rather confusing and not as intuitive. The order book chart should be on same page as the order entry screen (buy, sell stop etc) so that one can see / visualize where the majority of the current orders are (on the order book chart) and set order/trade price accordingly. Things are all over the places, could not easily see where the orders placed, balance etc. Please bring back the old layout. Or give an option to choose between new and old layout. Thanks.

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No fiat on and offramp services.

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The sheer number of things you can do on KuCoin, while beneficial, can be overwhelming to beginners. And it’s not always easy to figure out where you need to go to complete an action. Some platforms like Futures Lite and Fast Buy are a lot simpler to use, but KuCoin could do a better job making its more advanced features accessible.

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It’s impossible to talk about KuCoin’s security without acknowledging that it has been hacked. On September 25th, 2020, the exchange was hacked to the tune of $281 million. Hackers obtained the private keys to one of the exchange’s hot wallets, leaving cold wallets unaffected. Cold wallets are not connected to the Internet, and are generally considered more secure than hot wallets.

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⚖️ Final Say - Yay or Nay?

KuCoin is a globally popular crypto exchange that is highly favored by both beginner and experienced traders. It offers a range of advanced trading features such as trading bots and futures markets. Additionally, the platform provides access to an extensive selection of over 840 cryptos. One of the key features of KuCoin is its attractive staking opportunities, which allow users to earn rewards by holding certain cryptos.

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Global crypto exchange Kucoin offers hundreds of cryptocurrencies, with staking options, NFTs, futures, trading bots, and more. But since it isn't licensed in the US, we don't recommend that US users sign up for an account (even though you can technically still do so with limited trading access).

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KuCoin stands out as a crypto exchange providing extensive trading opportunities and support for over 700 crypto assets. It prioritizes security and boasts competitive fees, enhancing its appeal among traders. However, its unavailability to US traders due to regulatory constraints is a notable limitation. Despite this, KuCoin remains a compelling option for accessing a wide array of crypto markets and products.

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KuCoin is right for you if:
You live outside the U.S. and want to buy new or less popular cryptocurrencies.
You're an experienced cryptocurrency trader who wants access to advanced features.
You want to earn interest on your crypto and understand the risks involved.

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Been on this exchange for almost 8 months and it’s come a long way. The ONLY major exchange I have found, available for use in the US, to offer derivatives (long/short w/ leverage) and a plethora of leveraged swaps. They have FREE TO USE, IN EXCHANGE trading bots!!!! no API keys or suspect integration. Very easy to set up, and you can have 10 running simultaneously. Not to mention the Staking options have grown a bunch just in the past few months alone. I’ve been hounding the team to develop a desktop app, but I mainly use the web client as a 32’ screen is a lil easier to view charts on, as opposed to a phone😂 A few things I would like to see: - We need order-triggers-order and order-cancels-order options for trading and futures! - Make a desktop app! - The ability to do derivative future strategies (like a straddle or straggle) would also be amazing considering arbitrage portfolios are a thing now. You can currently run a bot straddle strategy, but its not quite the same! Overall, 9.5/10 UI is gorgeous and night mode rocks Coin variety is top notch Want to go short? Not a problem here! 🤖bots! 🤖

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KuCoin is an ambitious and innovative player in the crypto space. The exchange has experienced significant growth since its inception in 2017 and is now amongst the top industry’s players in terms of security, reliability, service quality, and features. As such, the exchange is best suited for both new and experienced traders who want exposure to popular as well as less-known small-cap crypto tokens and assets.

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I am not impressed with the smart-phone application for KuCoin. Despite being a technical minded person, I just found this to be insanely and ridiculous to use properly. And unfortunately for this review, I hate it.

Having only used the KuCoin digital wallet application installed onto an Android smart-phone, this application is very informative, has a depth of application capabilities and perhaps for the extremely technical individual, it may well tick all of the boxes for that person(s).

However, the application is very overwhelming with information that should allow the user, to pick and choose what is important for them as part of the user experience. Instead there is no option what so ever to customise the way you want it to be.

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KuCoin is best known as a centralized crypto exchange that supports over 700 crypto assets, one of the widest selections of altcoins on any centralized exchange.

The exchange also enables you to trade crypto assets at low fees, which makes it great for crypto enthusiasts who like to trade a vast array of digital assets at low rates.

For advanced users, KuCoin offers investment products like derivatives, margin trading, staking, lending, automated trading bots and mining pools.

If you are new to crypto and are just looking to gain some exposure to blue chip crypto assets, then you might not need all that KuCoin has to offer. But if you’re an advanced user or an “altcoin degen,” then KuCoin is likely the exchange for you.

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KuCoin offers a comprehensive trading platform that caters to both novice and experienced cryptocurrency traders. With a user-friendly interface, advanced features, and competitive fees, there is much to appreciate about this exchange. However, if you’re from the US, you’ll have some restrictions.

KuCoin could be an excellent choice for you if you value a platform that provides various features, such as staking, lending, and trading bots. Additionally, the fee structure, which offers discounts for KCS holders and higher trading volumes, can appeal to those looking to optimize their trading costs.

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Though KuCoin is a relatively new cryptocurrency exchange, it is rising to the top very quickly as the services they provide exceed many user’s expectations. The exchange is very easy to use and features a wide array of cryptocurrency assets. The trading platform utilizes all the features an experienced trader would expect and is easy enough for new traders to grasp. The mobile trading application is a nice feature as well and overall customer experience has been very good.

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While there are a couple of improvements that could be made, there are definitely plenty of advantages to using KuCoin overall. The range of cryptocurrencies is massive, and the amount of tools and functions is pretty amazing. Additionally, we also have the low trading fees to take into account and the enhanced security measures that are now in place. Improvements could be made in terms of customer service and the addition of a demo account for beginner traders.

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It is a relatively young exchange platform in the industry experiencing significant growth. It is serving about six million users currently, which tells us about the reliability of this platform.

We have covered almost everything in this blog. From KuCoin’s liquidity to security to the trading, possibly everything has been touched. The core features mentioned in this blog will help you make a well-thought-out decision about using KuCoin.

Kucoin has been built with exceptional features and is undoubtedly one-of-a-kind. Hence, soon, it wouldn’t come as a surprise to see KuCoin take the lead in the crypto industry.

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A good selection of altcoins is KuCoin’s main redeeming feature. For traders just looking to work with established coins (BTC, ETH), it might be better to use exchanges like Kraken. If you want to scout for the next Dogecoin, KuCoin is a great place to start. Users can also get a piece of the KuCoin pie by buying KuCoin Shares, the native token. Holders are entitled to reduced fees and extensive dividends.

The poor security and privacy concerns are major blows against KuCoin. The exchange was hit with a $281 million hack in 2020. While the perpetrators were identified and the money either recovered or reimbursed by KuCoin’s insurance, the fact that it happened at all is worrying. However, KuCoin’s solid selection (200+) of altcoins and low fees bring it back from the brink.

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KuCoin is a robust crypto exchange that supports many currencies and countries. But it isn’t currently licensed to operate in the U.S.

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💰Current Discounts

Interested in trying it out? Check out these KuCoin Discounts and Coupon Codes.

Start trading to get up to 8,200 USDT in rewards!

See All KuCoin Deals