Kucoin exchange review – February 2018

Find rare new alts on the Kucoin exchange.

Kucoin is a cryptocurrency exchange. Its defining features are an exceptionally wide range of cryptocurrencies plus a rewarding user-loyalty scheme based on its own native cryptocurrency.

Product Name Kucoin Cryptocurrency Exchange
Available Fiat Currencies -
Available Cryptocurrencies BTC, BCH, KCS, DRGN, DBC, XRB, ETH, PRL, LTC, SNOV, DENT, RPX, QLC, NEO, UTK, BNTY, ACT, POE, UKG, LA, LEND, VEN & 50+ more
Payment Methods Cryptocurrency

Pros

  • Offers an exceptionally wide range of currencies.
  • Is an early adopter of promising new coins.
  • No verification required.
  • Additional features and benefits offered by KCS.

Cons

  • Cryptocurrencies only. No fiat currency accepted.
  • Kucoin sometimes experiences difficulties during high traffic periods.
  • It’s based in Hong Kong, so it may be difficult to find English-language support if needed.
This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Exchanges like Kucoin

What is Kucoin?

Kucoin is a Hong Kong-based cryptocurrency exchange distinguished by its Kucoin Shares (KCS) rewards currency and its exceptionally wide range of cryptocurrencies.

It has a reputation as an early adopter, so buyers hoping to hold coins while they’re still cheap might want to consider Kucoin. On top of this, it offers a useful charting package to suit more focused crypto-holders, powered by the third-party TradingView system.

Its fees are also fairly reasonable and lower than many other exchanges.

The main downside is that it doesn’t deal in any fiat currencies. You’ll need to have BTC or ETH to trade the full range of available coins, but you can also trade a more limited selection with NEO, USDT (tethers) or KCS (the exchange’s own coin).

Kucoin trading

What are the fees?

There are no deposit fees at all, other than what you might usually pay for transferring a certain currency, while trading fees are set at a competitive 0.1%, minus any discount you get from holding KCS.

Withdrawal fees vary by currency. Some are completely free, while others are fairly expensive.

Pros and cons

Pros

  • Offers an exceptionally wide range of currencies.
  • Is an early adopter of promising new coins.
  • No verification required.
  • Additional features and benefits offered by KCS.

Cons

  • Cryptocurrencies only. No fiat currency accepted.
  • Kucoin sometimes experiences difficulties during high traffic periods.
  • It’s based in Hong Kong, so it may be difficult to find English-language support if needed.

Are there any deposit or transfer limits?

No. There are no limits on any Kucoin transactions.

Do I need to verify my identity to start trading on Kucoin?

No. You can simply sign up and verify your email address, then deposit cryptocurrencies to start trading.

How long do transfers take?

Deposit and trade times may vary by currencies, but shouldn’t take any longer than the usual transfer times for that currency.

Withdrawal times may vary depending on the amount. If your withdrawal amount is less than (fee x 100,000), it should be processed immediately. If it’s more than that, it might take some time.

Can I store my cryptocurrency on Kucoin?

Yes, although it’s typically safer to hold your coins in cold storage on a hardware wallet.

Next steps

First, you're advised to carefully consider the features of Kucoin and decide whether it suits your needs. If you want to proceed, simply sign up for Kucoin with an email address and password, verify your email and then start trading by making a deposit from your wallet.

Image source: Kucoin

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