KuCoin KYC consists of KYC1(Basic Verification) and KYC2(Advanced Verification). 3. Although Kucoin claims to be the “most advanced and secure cryptocurrency exchange”, the platform only offers users an online wallet. Let's jump into the first part of this KuCoin review — the exchange’s background! Before you can continue, you’ll be told that you need to increase the security on your account. Don’t forget, the platform doesn’t support fiat currency deposits, so you’ll need to fund your account with cryptocurrency. That being said, KuCoin seems to be very safe. As you’ll see in the screenshot below, you need to enter the amount that you want to buy or sell, and whether you want to place a market order or limit order. Kucoin has a very simple trading fee structure. 10. This Coinbase Holiday Deal is special - you can now earn up to $132 by learning about crypto. All Crypto Exchanges may look similar to you but they're NOT all the same! Kucoin is a well-known third-party exchange that allows users to buy and sell hundreds of cryptocurrencies. Disclosure: To ensure our site's review data always stays free & running up to date, sometimes we might receive a small commission if the reader purchases through our site links, at zero additional cost. 9. KuCoin seems to be very popular for new cryptocurrencies that have completed their ICO, which means that it is a great exchange if you want to purchase cryptocurrencies at the very start of their trading journey. As soon as your Kucoin account is funded, you can begin trading. These certificates can then back PMGT tokens, at a token to certificate ratio of 1:1. The customer support team at Kucoin work around the clock, on a 24/7 basis. When it comes to depositing and withdrawing funds at Kucoin, you have one option, and one option only. To protect your account even further, the exchange offers you the chance to set up Google Authenticator. Remember, all trading carries risk. © BitDegree.org - An Independent Initiative of The Best Crypto Exchange Reviews & Personal Advice | [email protected]. Get optimal protection by purchasing Ledger Backup Pack that contains both Ledger Nano X & Ledger Nano S, and SAVE 16%! I’ve used  KuCoin quite a few times as they quite often support the cryptocurrency that I am looking to buy or sell! On the other hand, no matter which exchange you use, you should never keep large amounts of funds stored there. Leave your genuine opinion & help thousands of people to choose the best crypto exchange. Kane holds academic qualifications in the finance and financial investigation fields. For example, if you wanted to purchase $1000 worth of Litecoin, you would only pay $1! Before clicking on confirm, make sure that you read and accept the terms and conditions. Proceed to complete Advanced Verification, you will get more trading benefits. Yes, unfortunately, all the time! The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. If this won’t suffice, and you instead need to use an everyday payment method, the likes of Coinbase support both debit/credit cards and e-wallets (such as PayPal and Skrill). All the content on BitDegree.org meets these criteria: 1. However, the platform does utilize a range of security features in an attempt to keep your money safe, which we’ve listed below. Known as Kucoin Shares, those holding the token are accustomed to a share of the platform’s profits. I also like how you can access the markets through the KuCoin app! 2. The platform charges both market makers and market takers 0.1%, which makes it one of the cheapest cryptocurrency exchanges in the online space. Although I have already read them, it is probably best if you read through them yourself to make sure you understand everything. As you will have noticed from my instructions above, everything from making a deposit to completing a trade is pretty straight forward. It has a reputation as an early adopter, so buyers hoping to hold coins while they’re still cheap might want to consider KuCoin. Or maybe you have seen a particular coin listed on KuCoin, and now you want to make sure it’s safe to use? I would highly recommend that you set up this extra security feature. In summary, if you are looking for an exchange that allows you to buy and sell hundreds of cryptocurrencies – both large and small, then Kucoin is certainly a notable contender. Then, I am then going to let you know what coins you can deposit, what verification process the company has, and finally, I will list all of its advantages and disadvantages. KuCoin No KYC requirements. Firstly, the platform does not accept real-world deposit methods. On the right side of the page, look for the buy box that is displayed below the list of orders. Your Kucoin account is now ready to use. These revenues are linked to the fees Kucoin makes via its facilitation of trading. Secondly, the platform holds no regulatory licenses, which in our opinion, puts your funds at risk. At the top right-hand side of the screen, click on ‘ASSETS’, followed by ‘DEPOSIT’. In the long-term, they want to be one of the 10 top largest exchanges in the world, and they hope to achieve this by 2021. Read fact-based BitDegree crypto reviews, tutorials & comparisons - make an informed decision by choosing only the most secure & trustful crypto companies. Once you’re on the trading screen for your chosen trading pair, you need to fill out the order box. Bitcoin Mining Hardware: How to Choose the Best One, Monero Mining: Full Guide on How to Mine Monero, What is SegWit and How it Works Explained, Very low deposit, withdrawal, and trading fees, Very simple to use – perfect for beginners, Good range of coins, including newly released cryptocurrencies, Trading volume is low – sometimes issues with liquidity on smaller coins, Some difficulties during high-traffic periods. banked gold transfers and gold ETFs since they incur no fees for insurance, custody and storage. Your email address will not be published. Firstly, the website is protected by an encryption protocol that keeps private account information secure. Kucoin is not a regulated exchange, which is why we cannot endorse them. Get you referral code here! As noted above, Kucoin is not regulated, and thus, they are not a safe cryptocurrency exchange. We think that you should only deposit funds with a heavily regulated exchange like Coinbase. You only need to verify your identity if you are trading significant volumes. Try 100x leverage with $100 to unlock your fortune with a $10,000 position! You will then be presented with the exchange’s terms of conditions. Once you have done this, you can then transfer your coins directly into your newly created KuCoin account. This is one of the lowest in the industry, which is a good reason to use KuCoin. Due to the wide range of coins available at Kucoin, users can either use the platform for their crypto day trading needs, or alternatively, buy coins and withdraw them with private Bitcoin wallets as a long-term investment. KuCoin is a Hong Kong-based cryptocurrency exchange distinguished by its rewards currency, KuCoin Shares (KCS), and its exceptionally wide range of cryptocurrencies. To enhance the security of your assets, if your withdrawal amount is larger than a certain amount (Over 100,000 times of the handling fee), we have to manually process your request. However, there is actually an advantage to depositing and withdrawing using cryptocurrencies. if not, you'll be able to find other recommended cryptocurrency exchanges out there. However, it is important to note that Kucoin does not offer any trading pairs that include fiat currencies such as USD/GBP/EUR. You’ll have 60 seconds to obtain the 6 digit PIN number and paste it into the box. We do not publish biased reviews or spam. Investing is speculative. The KuCoin exchange is also good for more serious traders, as it has lots of features to analyze pricing trends — such as candlestick bars. Note that the content on this site should not be considered investment advice. Yes, KuCoin accepts fiat currencies. Third-party exchanges operate on a centralized server, meaning that if it were to be hacked, then your coins could be at risk. KuCoin is a great alternative to Binance, offering a wide variety of coins to choose from, they as well have the option fo purchase with a credit card and all in all are a great exchange to anyone looking to buy, sell or trade lots of different altcoins. They support more than 75 individual cryptocurrencies and they are adding to this list all the time. We’ve independently reviewed the most important things that you need to consider, such as regulation, fees, supported coins, payment methods, and more. 2. To use Coinbase Pro, you will need to verify your account, which is done before you start trading or even deposit funds. Since KuCoin is so simple to use it works great for beginners as well as more experienced users as it has lots of features to analyze pricing trends, for example, candlestick bars. Once you have funded your account, click on Markets at the top of the page. Moreover, Atomic works perfectly for… You'll need to use a more comprehensive platform like Coinbase for this. KuCoin is the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON, USDT, NEO, XRP, KCS, and more. To do this, enter it into the search box that can be found on the right of the page. Kucoin lists just under 200 individual cryptocurrencies on its platform. As Kucoin is not a regulated exchange, nor do they support fiat currency deposits, we would suggest that you re-think your plans to open an account. There is no ID verification registration that you need to do for using their services. 1. BTCBIT.NET is a secure, reliable and fully regulated cryptocurrency exchange based in Poland, with operational offices in Latvia and Estonia. Of course, this will depend on which cryptocurrency you are using. Fees as low as 0% Consistently rated the most secure exchange by 3rd parties 30+ cryptocurrencies to choose from 2… Wide Range of Digital Assets — with about 250 coins and over 400 trading pairs, KuCoin is the first stop for many crypto hidden gems. WHY CHOOSE KRAKEN? By holding KCS coins, KuCoin users get discounted trading fees. Anyway, if you want to take a look at other options, I strongly recommend Coinbase, Binance and Kraken. However, if you do want to proceed, then we’ve listed a step-by-step guide to help you get you started. Head over to the Kucoin homepage and click on ‘SIGN UP’. United States customers must upload a state ID or driver’s license. If you looking to open an account at Kucoin for your crypto trading needs, then we would suggest that you read our comprehensive review first. If you are only trading small amounts then this shouldn’t be an issue, however, if you are looking to exchange very large quantities then KuCoin might not be the best exchange for you. Before making financial investment decisions, do consult your financial advisor. One of the greatest benefits of using a platform like Kucoin is that they have a hugely extensive list of supported cryptocurrencies. You can find all the information on the KuCoin official site. This not only covers established cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum (Find out how to buy Ethereum with Paypal)and Stellar, but also hundreds of obscure tokens. In this KuCoin review, I am going to start by giving you a brief introduction into the background of the exchange, following with a step-by-step guide on how to make a deposit. It’s as simple as that! When we made the comparison with Coinbase, we found that they are heavily regulated and that they accept multiple payment methods such as a debit/credit card, e-wallet, and more. As such, you can only fund your account with crypto. The verification process typically takes 15 minutes but can take anything up to 12 hours in certain cases. Founded in 2017, Kucoin offers low trading fees and supports the trading of over 200 cryptocurrencies. Finally, I discussed is KuCoin safe or not. So if you want to share your experience, opinion or give advice - the scene is yours! All reviews, either positive or negative, are accepted as long as they’re honest. An example of a trading pair is BTC/ETH which means to trade Bitcoin with Ethereum. We instead prefer heavily regulated platforms like Coinbase, who on top of holding two regulatory licenses, allows you to deposit funds with debit/credit cards and e-wallets, and they even allow you to short crypto. You’ll then be taken to the main trading area. So, now that you know about their background, the next part of my KuCoin review is going to discuss the types of coins you can buy! Abra makes use of standard security protocols to help secure user wallets, and mobile number verification, pin numbers, and seed recovery phrases are all used during the set up process. COINMATICS. KuCoin also provide Excellent Support, Maker & Taker Transaction Fees, Open API You will get One Month Validity for this Mobile Number and for more facilities you can purchase any plan. This website is free for you to use but we may receive commission from the companies we feature on this site. Is this normal or did i fuck up? Instead, you are matched with other traders, and thus, Kucoin makes their money via trading fees. On this platform you find the best tips, brokers and tools for Bitcoin trading on one site. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. According to the founders, KuCoin aims to support more than 1,000 different cryptocurrencies by the end of 2018. In this review, I have included everything from KuCoin fees, supported coins, user-friendliness, and payment methods. You can now save up to 20% off trading fees in this Binance Holiday Sale. Although live chat is supported, waiting times are always really long. Does KuCoin accept fiat currency? It is always much safer to withdraw your coins back to a secure personal wallet (such as a hardware wallet). ... a modern cryptocurrency exchange service that allows you to exchange cryptocurrency through a fast, secure, and cheap process. Once you have, tick the accept terms and conditions box, followed by clicking on next. It also offers a good support and fast order processing. Now that your Kucoin account is open, you need to deposit some funds. Finally, you will need to choose a strong password. It is now possible to access the KuCoin platform through a desktop computer as well as on the KuCoin app on both Android and iOS. KuCoin exchange offers one of the highest numbers of supported cryptocurrencies. As the platform does not support fiat currency, you will need to fund your account with cryptocurrency. Moreover, the trading area offers a full range of charting tools, which makes it ideal for experienced traders. Furthermore, holders of KCS coins also get a 50% share of all trading fee profit made by the exchange! Complete KuCoin Review: Apps, Fees and Exchanges. The real context behind every covered topic must always be revealed to the reader. If you do, you will need to enter a code from your mobile phone on to the KuCoin website before you can log in, as well as to make a trade. And that’s it, you now have an account at KuCoin! So, now that you know is KuCoin safe, the final part of my KuCoin review is going to summarize its advantages and disadvantages! Since it was launched, the KuCoin exchange has not experienced any notable problems, and generally, the exchange does not suffer from any system overloads. Paxful does not require ID verification for account creation, but requires verification for accounts that reach the equivalent of US$1,500 in trade volume or wallet activity. Coinbase payment verification I added my bank account and sent the verification transaction 4 days ago and it is supposed to take 1-2 days for the process to finish according to coinbase. Do you want to start buying, selling and trading cryptocurrencies, but sure if KuCoin is the right exchange for you? For example, if you want to trade BTC with ETH, start typing ‘BTC’. UPDATE 2021: KuCoin now accepts 5 mainstream fiat currencies, including USD, CAD, VND, IDR and CNY. At this point, you can deposit some coins and start trading straight away. The Kucoin exchange has also issued their very own cryptocurrency token. In my example, only NEO/BTC is available, meaning that I will need to trade Bitcoin for NEO. Set up both SMS verification and a separate trading password. On the left-hand side, you need to enter the cryptocurrency trading pair that you want to trade. Although Kucoin was only launched in 2017, the platform is now one of the most popular cryptocurrency exchanges in the industry. Feel free to contact us if you believe that content is outdated, incomplete, or questionable. Well, whatever it is that you want to find out about KuCoin, I have it covered! For example, in late 2017, it was reported that the total amount of coins that has been hacked in the history of cryptocurrency was over $15 billion. Read our guide on top Paypal crypto exchanges for 2021. With a passion for all-things finance, he currently writes for a number of publications in the online space. Before depositing your own money, it is always important to know whether it's safe or not. At the time of writing, KuCoin has more than 300 different trading pairs available. However, their average trading volume is much less than other popular exchanges such as Binance. KuCoin Instant Exchange is a one-click crypto exchange service co-developed by KuCoin and the top HFT firm in Wall Street. If you don’t have the time to read our review in full, we summarized by noting that we cannot endorse Kucoin. Whilst writing this KuCoin review, I also discovered that the exchange has its own cryptocurrency called KuCoin Shares (KCS)! After that, you then need to search for the coin you want to buy. The platform is often regarded as one of the cheapest exchanges in the industry, not least because they offer super low trading fees. In my example, I am looking to buy NEO. You can both gain knowledge & earn money with Coinbase! Traders can exchange these tokens on platforms such as KuCoin. 10 Best Bitcoin Trading Platform - Are you perform trade with cryptocurrencies and looking best crypto trading exchanges, where you can perform your long-term or day to day trading, but don't know which platform will best for you, and how you can save your money on … We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. So, what are you waiting for? Past performance is no guarantee of future results. Now you will need to enter your email address and choose a very strong password. When investing your capital is at risk. For enhanced security, you can even use this service with a VPN.. The exchange now lists hundreds of cryptocurrency pairs. After heading over to KuCoin.com (always triple check that the address is correct before entering any of your information), look for the ‘Sign Up’ button found on the page’s upper right-hand side. To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines. If you hold Kucoin Shares, you can reduce these fees further. Although Kucoin is great for low trading fees and an extensive range of supported coins, the platform does not have any relationship with fiat currency. The search box will auto-populate once you start typing. Finally, to get your account open, you need to confirm your email address by clicking on the link that KuCoin sends to you. Follow the link & save now while the offer is still valid! Best Bitcoin Trading Sites, Tools & Tips. Coinbase Pro Account Verification. Required fields are marked *, Finixio LTD Company number: 11705811 St Magnus House 3 Lower Thames St London EC3R 6HA United Kingdom Tel: 020 3146 8423. If you are in possession of the platform’s native Kucoin Shares tokens, then you can reduce your fees further. As the exchange does not have a relationship with fiat currency, users are not required to identify themselves to start trading. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. Kucoin does not accept debit/credit cards, nor any other fiat currency method for that matter. And that’s the end of my KuCoin review! However, as you’ll see from the list below, Kucoin does not accept users from the U.S. Below is a list of all countries accepted by Kucoin. There have been some additional hacks since then so this number is now even higher! KuCoin is one of the newest cryptocurrency exchanges in the industry. Kucoin is a traditional third-party cryptocurrency exchange, insofar that they stand between buyers and sellers. The whole documentation is divided into two parts: REST API and Websocket feed. Disclosure: To keep our site running & free of charge, we may sometimes receive a small commission if a reader decides to purchase services via some links on site, at no extra cost. Before jumping straight into conclusions, let's take a look at KuCoin's pros and cons. Binance and Kucoin only offer crypto-to-crypto trading, but neither requires ID for trading and both offer withdrawals limits of 2 BTC per 24 hours without verification. So, now that you know how user-friendly the platform is, the next part of my KuCoin review is going to look at whether the exchange is safe! Finally, it is also worth mentioning that although it is great that KuCoin has not experienced a hack, they are still a very new exchange. Firstly, cryptocurrency deposits are free, other than the blockchain transaction fee that you pay to make the transfer. You can't short coins on Kucoin. Changelly, a centralized Altcoin swapping service, which does not push you to complete the KYC or AML in order to use its services. Finally, to complete your trade, re-check the information in the order box and click on the green ‘BUY’ or ‘SELL’ button to execute your trade. The REST API contains four sections: User(private) , Trade(private), Market Data(public), Margin Trade and Others(public). So, now that you know how easy it is to open an account, as well as how to buy on KuCoin, the next part of my KuCoin review is going to look at which traders the exchange is most suited for! Join KuCoin's Referral Bonus Program & earn up to 20% bonus each time your friend completes an order. This could be a problem as low trading volumes can sometimes mean that there is not enough liquidity. We will process your withdrawal within 30 minutes. Unlike brokers such as Coinbase, you don’t actually purchase coins from Kucoin. Kucoin supports customers from almost 200 nation-states. I also showed you how to set up an account and how to buy on KuCoin. Depending on how much you are holding, the absolute minimum you can get the fees down to is 0.0125% and 0.03%, for markers and takers, respectively. Coinbase lets you use traditional payment methods such as a debit card or bank account. Kucoin offers a mobile app that is available to download free of charge on both iOS and Android devices. If this is your first time in the cryptocurrency industry, the easiest way to get started is to purchase a popular cryptocurrency like Bitcoin or Ethereum at Coinbase. All you need to do is enter the number of coins you want to buy, click on the blue best price button and then click on the green buy box to complete your trade.