KuCoin: Maximize Your Trades with Competitive Fees and Rewards
Kucoin is a leading crypto exchange that provides access to around 700 tradable coins in spot market. The platform also supports derivatives and margin trading and provides seamless experience for traders and investors. In addition to manual trading, it also provides trading bots which can be used for sophisticated trading strategies. Professional traders can leverage all these tools to grow their crypto portfolio.
Apart from trading services, Kucoin also offers staking and investment products which we will explore in detail in this review. Launched in 2017, this crypto exchange now has over 30 million users from 200 countries in the world.
Pros and Cons
| Pros | Cons |
| Around 700 tradable coins | Can be difficult for beginners |
| Wide range of derivatives contracts | Not regulated in some regions |
| Supports several trading bots like spot, futures and infinity grid | |
| Staking products and structured investment products also available | |
Trading Fees
Kucoin takes decent fees for spot and futures trading. The fee structure also depends on monthly trading volume and VIP level. At higher levels, users pay less fees. Here’s the fee structure for spot trading:
| VIP Level | Amount of KCS Held | or | Spot Trading Volume – USDT (Last 30 Days) | or | Futures Trading Volume – USDT (Last 30 Days) | Maker/Taker | Pay Fees with KCS (20% off) Maker/Taker | 24h Withdrawal Limit (USDT) |
| LV0 | <1,000 | or | <3,000,000 | or | <5,000,000 | 0.100% / 0.100% | 0.080% / 0.080% | 1,000,000 |
| LV1 | ≥1,000 | or | ≥3,000,000 | or | ≥5,000,000 | 0.090% / 0.100% | 0.072% / 0.080% | 3,000,000 |
| LV2 | ≥10,000 | or | ≥6,000,000 | or | ≥8,000,000 | 0.075% / 0.090% | 0.060% / 0.072% | 3,000,000 |
| LV3 | ≥20,000 | or | ≥13,000,000 | or | ≥16,000,000 | 0.065% / 0.085% | 0.052% / 0.068% | 5,000,000 |
| LV4 | ≥30,000 | or | ≥35,000,000 | or | ≥40,000,000 | 0.045% / 0.065% | 0.036% / 0.052% | 5,000,000 |
| LV5 | ≥40,000 | or | ≥55,000,000 | or | ≥60,000,000 | 0.035% / 0.055% | 0.028% / 0.044% | 10,000,000 |
| LV6 | ≥50,000 | or | ≥100,000,000 | or | ≥120,000,000 | 0.025% / 0.045% | 0.020% / 0.036% | 10,000,000 |
| LV7 | ≥60,000 | or | ≥180,000,000 | or | ≥200,000,000 | 0.015% / 0.042% | 0.012% / 0.0336% | 15,000,000 |
| LV8 | ≥70,000 | or | ≥250,000,000 | or | ≥300,000,000 | 0.010% / 0.040% | 0.008% / 0.032% | 15,000,000 |
| LV9 | ≥80,000 | or | ≥350,000,000 | or | ≥400,000,000 | 0.000% / 0.040% | 0.000% / 0.032% | 30,000,000 |
| LV10 | ≥90,000 | or | ≥550,000,000 | or | ≥600,000,000 | 0.000% / 0.030% | 0.000% / 0.024% | 40,000,000 |
| LV11 | ≥100,000 | or | ≥750,000,000 | or | ≥800,000,000 | -0.003% / 0.025% | -0.003% / 0.020% | 50,000,000 |
| LV12 | ≥150,000 | or | ≥950,000,000 | or | ≥1,000,000,000 | -0.005% / 0.025% | -0.005% / 0.020% | 60,000,000 |
Trading Experience
The spot trading interface is not very beginner-friendly. New investors may struggle with the trading tools and features. The trading platform provides a comprehensive set of tools and resources for traders to execute spot trades efficiently. For fostering advanced strategies, it also provides several advanced order types such as OCO, trailing stop, advanced limit and more. In the single platform, you can switch to manual trading or bot trading. Chart comes with various tools and technical indicators that can be used in technical analysis.
Kucoin also provides wide range of futures products such as USDT-margined contracts, USDC-margined contracts and coin-margined contracts. Kucoin offers high liquidity and efficient order matching system which provides seamless experience for derivatives traders. Furthermore, Kucoin supports several trading bots including spot grid, futures grid, infinity grid and margin grid, smart rebalance and DCA bots. Each bot has built-in strategy aimed to exploit the crypto market conditions to generate profits.
Other Features
While Kucoin provides exceptional trading services, it also excels in other investment products specifically designed for those who want to earn passive income with crypto holdings. These include staking, lending, savings account, and advanced investment products like Shark Fin and Snowball.
You can stake a variety of coins such as USDT, AVAX, KCS, BNB and more to earn yields. You can also invest your assets in Shark Fin products, which offer principal protection and the potential for higher yields. Shark Fin products use call option contracts to generate returns based on the investor’s market predictions.
Customer Service and Satisfaction
Kucoin provides customer support through multiple channels such as live chat, and email. It also provides a comprehensive FAQ section and guides which can be helpful if users have specific queries or problems.
There are around 32 reviews about Kucoin on G2 which makes it overall rating 2.9 out of 5. Many customers seem to admire the availability of wide range of coins, low trading fees, security features, and smooth trading experience. On the other hand, some customers complain about poor customer support, and account problems.
Company Overview
Kucoin company was developed by Michael Gan and Eric Don in 2017. They had the vision to provide a secure and convenient environment for crypto trading. Subsequently, KCS token was also launched as native coin of Kucoin exchange that can be used for discounts on transaction fees. In 2019, Kucoin also launched margin trading service. With multiple developments aimed at expanding Kucoin’s ecosystem, the user base also grew significantly. Now, Kucoin has around 30 million users from 200 countries in the world. Kucoin company is currently based in Seychelles.