KuCoin, which began operations in 2014 under the name Kubi, is a cryptocurrency exchange founded by former Alibaba CTO Michael Hahn and iBOX PAY executive Jack Zu. Starting out as a Kubi exchange in Beijing, the company faced tightening Chinese cryptocurrency regulations, leading to a move to Hong Kong in 2014 and rebranding as KuCoin in 2017.

One of the key advantages of the exchange was the speed of processing transactions, prompt withdrawal of funds and responsive support service. These factors contributed to the rapid growth of KuCoin's popularity, and by 2022, the exchange took a leading position in the global cryptocurrency market. For several years in a row, KuCoin has been among the top ten largest exchanges in terms of trading volume.

The interface of the exchange website is attractive due to its simplicity and clarity, as well as support for many languages. A special section displaying changes in cryptocurrency quotes provides clear and up-to-date information. KuCoin continues to attract the attention of traders due to its reliable performance, efficient services and user-friendly interface, making it an important player in the global cryptocurrency exchange market.

Trading on the KuCoin exchange is a process that is easy to learn. Creating an account on this cryptocurrency trading platform is offered immediately upon your first visit to the site and requires only providing an email or phone number, as well as creating a password. After completing registration, you must go through a verification procedure, which opens access to all functionality of the exchange, including trading and withdrawal of earned funds.

The verification process provides the user with two options: you can complete it as an individual or a legal entity. This step ensures the security of transactions on the platform. After successful verification, the user receives full access to the capabilities of KuCoin.

This review of the KuCoin exchange gives a complete understanding of the key aspects of its functioning. Overall, KuCoin provides convenient tools for successful cryptocurrency trading, making the process accessible and transparent to a wide range of users.

Account currency - BTC

Minimum deposit - 1$

Leverage - up to 1:100

Commission - 0.01%

Available cryptocurrencies and popular trading pairs

According to the official KuCoin website, there are more than 700 cryptocurrencies available on the exchange. The largest trading volumes on the spot market are accounted for by the following pairs:

ETH/USDT - 24.35%

BTC/USDT - 21.82%

MATIC/USDT - 3.56%

SOL/USDT - 2.64%

ETC/USDT - 1.81%

Among derivatives, the main cryptocurrency pair XBT/USDT is leading. Second place goes to ETH/USDT. The LUNA/USDT pair closes the top three.

KuCoin token - KCS

The KuCoin cryptocurrency platform not only provides the ability to trade various assets, but also has its own cryptocurrency known as KuCoin Shares (KCS), released on September 1, 2017 with a total supply of 200 million tokens.

One of the unique features of KCS is the regular quarterly repurchase and destruction of part of the coins carried out by the company's owners. As of June 2021, the total supply of tokens has dropped to approximately 170 million, with approximately 47% in free circulation. KCS is currently ranked 51st among digital assets by market capitalization.

KCS has several features on the KuCoin platform. Firstly, its holders can use the coin to reduce commissions when conducting trading operations on the exchange. In addition, owning KCS also provides the opportunity to participate in partial distribution of the company's profits, which makes this cryptocurrency not only a tool for reducing costs, but also a source of potential income for its holders.

Order types

1. Limit Order: This type of order allows traders to set a specific price at which they are willing to buy or sell a cryptocurrency. The trade will be executed when the market price reaches the specified level.

2. Market Order: With a market order, traders close a trade at the current market value of an asset. This allows you to quickly complete the transaction, regardless of current price fluctuations.

3. Market Stop Order: This type of order allows traders to execute a trade at the current market price once a specified stop price is reached. This is intended to minimize losses or protect profits.

4. Stop-limit order: A stop-limit order combines the advantages of a stop order and a limit order. It opens at the level specified by the stop price and is executed at the specified limit level once the stop price is reached. This allows traders to more accurately control the price parameters of their trades.

Using a variety of order types on KuCoin gives traders the flexibility to manage their trades and adapt to different market conditions.

Mobile app

To use the KuCoin exchange on Android and iOS mobile devices, users can install a special mobile application. This application is available for download from the App Store, Google Play, or the official KuCoin website.

In terms of interface, the application is very different from the desktop site. 

The main differences are:

• A button for quickly purchasing cryptocurrency or fiat currency is placed directly on the main screen.

• There is quick access to the main trading tools, as they are collected on one panel.

• At the bottom of the screen there is a panel with links to some sections of the crypto exchange, which provides convenient access to them.

• The user can choose from 2 application design themes: standard light and dark contrast.

The personal account is not designed as a separate page, but in the form of a sidebar. It slides out from the left side of the screen when you click on the profile icon. The personal account does not look the same as on the desktop: it does not contain links to all sections. Some open from other menus.

In terms of functionality, the software is no different from a desktop site. It allows the trader to fund his account, trade, buy cryptocurrency and withdraw money. However, due to the differences in the interface, you will have to get used to the software: not everything will be immediately clear if before this trading was carried out only on a PC resource.

Platform Security

Before you deposit your funds on the exchange, you need to make sure that they are safe. This is extremely important because in the cryptocurrency space, where centralized servers are used, hacking is an inherent risk. Statistics confirm that hacking incidents occur with astonishing regularity, with the total amount of stolen coins estimated at billions of dollars.

In this context, the issue of KuCoin security becomes relevant. The first layer of protection is the use of an encryption protocol on the website, ensuring the security of users' personal data. In addition, the presence of an internal risk department guarantees the safety of user funds.

An additional security tool is the ability to enable two-factor authentication via Google Authenticator. This mechanism requires entering a special code from your mobile device every time you log in and make a transaction, enhancing account security.

It should be noted that at the time of writing, the KuCoin exchange had not encountered any hacks, although it had a short history. However, regardless of the exchange you choose, it is recommended to avoid storing large amounts of cryptocurrencies in online wallets and prefer withdrawing funds to secure storage facilities such as hardware wallets.

Who is it suitable for?

KuCoin is an intuitive and easy-to-use platform that provides a rich set of features for more experienced traders, including various price trend analysis tools such as candlestick charts and other indicators. However, it is worth noting that the average trading volume on KuCoin is estimated to be in the tens of millions, which is less than large exchanges such as Binance.

This can present some challenges as low trading volume can sometimes reduce liquidity levels. For traders dealing with small amounts, this may not be a problem, but those planning to exchange large amounts should take this aspect into account.

It's worth noting that when new coins hit the market, they are often only listed on certain exchanges, including KuCoin. This may be a limiting factor, but in case the required cryptocurrency is only available on KuCoin, the user is left with no choice.

Commission fees

The size of the commission on the KuCoin exchange maintains a flexible structure, depending on the trading volume over the last month, the status of the trader (taker or maker) and the level of the crypto trader, which can take one of 12 possible statuses. The entry level LV0 comes with a 0.1% fee for both maker and taker. Over time, as levels increase, rates may change, including the possibility of negative values. Using KCS tokens to pay fees also reduces withholding.

When making deposits, crypto assets are credited to the account in full. It is important to note that each coin has its own commission and withdrawal limit. Detailed information can be obtained by going to the "Fees" section on the platform, which provides up-to-date information on commissions for each cryptocurrency. This transparency allows traders to scrutinize the fee structure and make informed decisions when making transactions.

Technical support

To contact KuCoin platform support, there are several contact options. The first one is to send an email to [email protected]. It is important to consider that when using this method of communication, technical support will conduct the dialogue in English or Chinese.

Additionally, traders can seek help from exchange communities located on popular social networks and instant messengers.

Live chat also provides the opportunity to contact support. On the desktop version of the site it is available in the “Support Center” section, and in the mobile application through the corresponding block in your personal account. However, it is worth noting that chat responses are provided by an automated bot that only supports communication in English and Chinese.

For more formal requests, a feedback form is available. On the website it is located in the “Send a ticket” section, and in the application - in the personal account block for requests. In this case, real support specialists answer user questions, mainly in English and Chinese. Responses are sent to the email address specified when filling out the form.