KuCoin Review 2023: Details, Pricing & Features

No Verification – Nameless Buying and selling

Abstract

KuCoin is a longtime crypto change that is also referred to as as No KYC change. For day by day withdrawals as much as 1BTC you don’t have to carry out KYC. Whereas this function is sweet for many who are on the lookout for anonymity, it might be dangerous from the regulatory perspective. Total, the platform is blazing quick, and has been round for years. 

Professionals

• Keep nameless – No KYC change
• Straightforward to make use of interface
• Purchase Crypto with Fiat
• Crypto to crypto buying and selling
• Crypto to fiat buying and selling
• Margin buying and selling
• Automated bot buying and selling
• Intuitive cellular app
• Glorious buyer help (My expertise)

Cons

• Belief points and opinions on-line are usually not that nice

Cryptocurrency exchanges are on the rise. Wouldn’t you agree?

Over the past two years, there have been many cryptocurrency exchanges have come to the forefront. Nonetheless, if you happen to return a couple of years, there was just one change – Mt. Gox. Issues had been totally different.

The shift has occurred as a result of many traders worldwide have grow to be extra educated about cryptocurrencies, and we at CoinSutra want to imagine we’ve had an necessary position in spreading consciousness.

Cryptocurrency customers are extra mature than ever and have a plethora of choices. Additionally, each crypto change has its USP that it makes use of to entice customers. In at the moment’s occasions, it is not only Mt. Gox or FTX.

One such distinctive change is KuCoin. I’ve used this change a number of occasions and have discovered it slightly simple to make use of with lots of cryptocurrencies to purchase/promote right here.

On this article, I want to share among the key elements of my assessment after utilizing the KuCoin change.

2023 replace:

It is best to try MEXC Exchange which appears to be a very good different to KuCoin.

KuCoin Change Introduction

KuCoin is a world-class blockchain asset change that prides itself as “The Individuals’s Change” and has risen to the crypto area in 2017.

KuCoin additionally has a local cryptocurrency referred to as as KuCoin for its change customers. Holders of this token get entry to distinctive options that we’ll talk about additional on this article.

Furthermore, it’s a crypto-to-crypto change which implies you received’t discover fiat pairs like USD/EUR right here. You may, nonetheless, rely on USDT-like stablecoin to save lots of your self from volatility.

For fairly a while, it was additionally amongst the busiest exchanges on this planet that was pulling essentially the most crypto buying and selling quantity (within the high #10).

It additionally has real-time order books and packages for institutional traders, which we are going to talk about later on this article.

Options of KuCoin:

1. Person-friendly dashboard

Kucoin presents very clear dashboard, which lots of you’d take pleasure in.

KuCoin presents a number of accounts inside one account, equivalent to:

• The primary account – That is the place you’ll maintain your crypto
• Buying and selling account – That is the place you’ll maintain the crypto that you just want to commerce frequently
• Margin account
• Futures account
• Buying and selling bot account
• Monetary account

You may all the time transfer funds from one account to a different inside a couple of clicks, and such transfers are free and on the spot

2. Purchase/Promote Order Books

KuCoin is a multi-coin worldwide change that maintains order books to match consumers and sellers. However to make use of these, it is advisable undergo a easy KYC verify.

The UI of this change is superb and never cluttered like Bittrex or Bitfinex. That’s why it’s simple to look at books and make choices rapidly.

3. Supported Cryptocurrencies on KuCoin

KuCoin has greater than 400 markets stay as per CoinMarketCap, which implies you’ve gotten 398+ cryptocurrencies/pairs buying and selling on it.

You will see that fashionable cryptocurrencies like BTC, BCH, LTC, ETH, and LTC, and quite a few different tokens from varied blockchains.

4. Price Schedule Of KuCoin

The true enjoyable is right here.

KuCoin has a easy buying and selling charge construction of 0.1% and doesn’t observe the taker/maker mannequin. However one may even customise this buying and selling charge and get a reduction of as much as 30% on the 0.1% buying and selling charge.

The necessary factor to notice right here is that solely KCS (KuCoin Shares) holders can get this low cost as per the next mannequin:

For each person holding at the least 1000 KCS, this may end in a 1% low cost on buying and selling charges. The utmost low cost charge shouldn’t exceed 30%. Subsequently, holding 10,000 KCS leads to a ten% low cost, holding 30,000 KCS leads to the utmost low cost charge of 30%.

For deposits, the transaction charge is ZERO. For withdrawals, right here is the charge construction based on different cryptocurrencies. You too can use this particular KuCoin referral code to save lots of 5% on Kucoin buying and selling charges without end.

5. KuCoin-Supported International locations

KuCoin helps a lot of international locations all over the world, equivalent to India, Turkey, Japan, Canada, the UK, Singapore and lots of others. KuCoin doesn’t have a license to function within the USA but.

6. The way to attain KuCoin Buyer help?

Buyer help of KuCoin is kind of strong. I’ve not confronted any points with them so far. Additionally, their stay chat function is exclusive and in contrast to every other change and helps in on spot decision of minor issues.

Other than that, you’ll be able to leverage their Freshdesk-powered ticketing system and an FAQ section to unravel your most urgent questions. In case you ever get caught with KuCoin and wish help, you’ll be able to attain out to their Telegram help, which is quicker.

To get help, you’ll find KuCoin help hyperlink on the footer of the positioning (See screenshot under)

7. KuCoin Buying and selling Cellular Apps

As if all of the options above weren’t sufficient, in addition they have cellular apps which anybody can use with the identical login credentials to commerce cryptocurrencies on the go!

One requires this facility as a result of cryptocurrencies are extremely risky property that want fast decision-making to take advantage of out of them.

8. Superior Charts

On the KuCoin change, you can too discover fascinating, superior charts for a extra in-depth evaluation of your buying and selling technique. You will see that charts of various intervals the place you’ll be able to apply totally different indicators to achieve a conclusive determination.

You too can verify the market depth by wanting on the purchase/promote partitions.

How To Get Began on KuCoin?

It’s easy to get began on KuCoin. You require an email sign-up to get began on it.

The KYC verification course of consists of finishing a web based questionnaire, submitting supporting paperwork and authorizing KuCoin to finish the verification course of. The processing time for every KYC Verification can take as much as 2-4 weeks, relying on the whole quantity of submissions. (source-KuCoing weblog)

That’s why it’s suggested that you just apply for it instantly. A KYC-verified account may even have entry to the Fiat-Crypto change providers that KuCoin plans to launch shortly.

Is KuCoin Reliable & Protected To Commerce?

Given its final yr document and my expertise of utilizing it, I can say it’s an glorious and secure change to commerce some thrilling cryptocurrencies that you just won’t discover on every other change.

Within the latest time, KuCoin has added many superior options, equivalent to

• Automated bot buying and selling
• Crypto lending (Dangerous)
• KuCoin earn

they usually proceed including new options.

Furthermore, there may be one other incentive for KCS holders to earn passively on the KuCoin change as they’re entitled to a 50% bonus which KuCoin will be sharing with these customers from its buying and selling charge earnings.

For instance, person Bob holds 10000 KCS in his account on our change. Let’s say in October, the common quantity of our complete change per day is 10000 BTC; in accordance with our present charge charge, the buying and selling charge we acquire per day is 20 BTC. So this person will get 20 * 50% * (10000/100000000) = 0.001 BTC per day, 0.03 BTC monthly!

One other cool factor for KuCoin change customers is the supply of its UI in 12 totally different languages and costs in additional than 30 fiat currencies, which is a should requirement for a global crypto change.

Now time to listen to from you: Which change do you utilize? Have you ever used KuCoin but? How has your expertise been up to now? When you’ve got, do share your expertise with us within the feedback under 🙂