Kucoin Crypto Exchange Overview
Kucoin is a centralized exchange (CEX). The trading platform was opened in September 2017. The project is officially registered in the Seychelles.
As of the time of writing the Kucoin review, the exchange is in the top 5 reliability rating from CoinMarketCap. When scoring, analysts consider liquidity ratios, traffic volume, and legitimacy of transaction data supplied by the trading platform.
Kucoin is also among the top 20 largest exchanges on the spot market regarding trading volume data. Here’s what the platform looks like in numbers:
- 10 million investors from around the world.
- The project covers over 200 countries.
- The platform is translated into 19 languages.
- Every fourth trader buys BTC on Kucoin.
The amount of fees depends on the type of transaction. Platform’s team draws attention to the fact that KCS holders may receive a discount on commissions up to 20%.
How to buy on Kucoin? It can be bought for PAX dollars, other stablecoins, fiat, or other cryptocurrencies, on the exchange of the same name, as well as many other sites. The developers have divided all transactions into three groups: spot market, Kucoin futures fees and deposit/withdrawal. Here is an example of pricing commissions on Kucoin:
If a user has no KCS in his account and the trading volume over the last 30 days was <50 bitcoins on the spot market or <100 on the futures market, the maker and taker fees will be 0.1%/0.1%. With the same initial data, but in the case of paying commission in KCS, the figure will fall to 0.08%/0.08%. There is no fee for a deposit. The cost of withdrawal depends on the Kucoin price. Also you can see Pancakeswap and Fantom live price charts.
Does Kucoin have kyc? Users praise the exchange for its simple interface, profitable referral program, and the ability to work without full account verification. Trading platforms are often criticized for technical problems. For example, many people complain that they have a long time to wait for SMS confirmation of the operation.
To start conducting transactions, it is enough to pass the first stage of registration. Full functionality will be available only after you confirm your identity.
Registration on Kucoin
To create an account you need to click the button “register” on the main page of the trading platform. After the platform will offer to fill out a questionnaire. This will require:
- Provide a cell phone number or email address.
- Confirm the specified number or e-mail.
- Set a password.
- Agree with the terms of the platform and click “register”.
After creating an account, the platform will open access to the tools for transactions. Important! On Kucoin you can work through an unverified account, but with restrictions. For example, the withdrawal limit for such users is up to 1 BTC per day, and the trading limit for 24 hours – 1400 USDT.
Limits for unverified users
Does Kucoin require KYC? To remove the limits, you will need to go through KYC (know your client) verification, which implies de-anonymization of the user. To do this, you need to:
- Specify the country of residence.
- Your full name.
- Specify the ID number.
The system will also ask you to attach:
- A photo of the identity document.
- Photo of the person who is being verified. He/she must have a proof of identity and a sheet with handwritten information about the account and a special code (the system gives it when you fill out the application).
- After that, the information will need to be sent for verification.
Important: On the official site, developers warn about the large flow of new users. Due to the workload, the platform team promises to check the application for verification within a week.
How to deposit to Kucoin
Visa and MasterCard users can directly buy Kucoin crypto from their payment system cards. It is also possible to recharge in terms and conditions through the P2P platform. The scheme involves buying Kucoin coin or other cryptocurrencies from another user directly. You can choose a suitable offer based on the seller’s preferred payment methods and the limits it has set for transactions. As an alternative to buying directly, you can transfer digital assets to your account from another wallet.
What is Kucoin: how to withdraw money
To withdraw money from Kucoin, you can also use the P2P platform from the exchange. To do this, you need to go to the “sell” section of the service. When choosing a buyer, you should pay attention to the possible payment options and transaction limits.