Whether you are looking to buy digital currencies like Bitcoin and Ethereum with a debit/credit card or trade crypto-to-crypto pairs – KuCoin covers both bases.
The global exchange and third-party broker is home to some of the largest trading volumes in the space, alongside a fee-structure that should suit most budgets.
In this guide, we review the ins and outs of KuCoin. This includes an in-depth look at the platform’s supported coins, fiat currency facilities, fees and commissions, safety, customer support, and trading arena.
What is KuCoin?
Launched as recently as 2017, KuCoin is a cryptocurrency exchange that also offers third-party brokerage services. Although the platform has just three years of trading history, it is now one of the largest cryptocurrency exchanges in the space.
One of the main reasons for this is that you will find over 200 coins with about 450 cryptocurrency pairs hosted at the exchange. Not only does this include major pairs like BTC/USDT and ETH/USDT, but heaps of crypto-cross pairs. Best of all, if you have an appetite to trade a less liquid ERC-20 token, chances are you will find it at KuCoin.
KuCoin was initially a cryptocurrency-only platform, meaning that you could not deposit funds with fiat currency. However, the platform has since formed a partnership with Simplex – a European payment provider that bridges the gap between cryptocurrencies and everyday money.
When it comes to cryptocurrency trading fees, KuCoin charges just 0.10%. This puts it on par with the likes of Binance. Similarly, KuCoin is also behind its own digital token – KuCoin Shares (KCS). By owning and storing KCS tokens, you will benefit from discounted trading fees, as well as an entitlement to a share of the trading commissions that KuCoin collects.
In terms of the numbers, KuCoin claims to have facilitated more than 650 million individual trades since its inception in 2017. This translates to more than $71 billion in accumulated…