|KuCoin is a third party exchange that allows you to buy, sell and trade lots of different cryptocurrencies. By holding KCS coins, KuCoin users get discounted trading fees...|
|Volume 24h||$2 475 873 413|
|Updated||Monday, April 19, 2021 12:00:02PM UTC|
KuCoin facts, technical details and KuCoin information
KuCoin is a third party exchange that allows you to buy, sell and trade lots of different cryptocurrencies. By holding KCS coins, KuCoin users get discounted trading fees. Founded by a group of blockchain enthusiasts who had proved themselves in industry giants like Ant Financial and GF Securities, Kucoin aims at providing users digital asset transaction and exchange services which are even more safe and convenient, integrating premium assets worldwide, and constructing state of the art transaction platform.
KuCoin is a well-known name in the crypto industry as it managed to establish itself as a prominent one-stop shop for all sorts of crypto operations. Launched in August 2017, the exchange has over 200 cryptocurrencies, more than 400 markets, and has grown into one of the most colorful crypto hubs online. It offers bank-level security, slick interface, beginner-friendly UX, and a wide range of crypto services: margin and futures trading, a built-in P2P exchange, ability to buy crypto using a credit or debit card, instant-exchange services, ability to earn crypto by lending or staking via its Pool-X, opportunity to participate in fresh initial exchange offerings (IEOs) via KuCoin Spotlight, some of the lowest fees in the market, and much more! Investors like KuCoin due to its tendency to list small-cap cryptocurrencies with tremendous upside potential, a large selection of coins, lesser-known cryptos, and generous profit-sharing incentives - up to 90% of trading fees go back to the KuCoin community through its KuCoin Shares (KCS) tokens.
The founding team of Kucoin Blockchain Asset Exchange Platform has carried out in-depth research on blockchain technology as early as in 2011 and achieved the technical architecture of Kucoin exchange platform in 2013. The Kucoin team has officially entered the blockchain asset trading service platform in 2017 with the most reliable and extended technical architecture, superior service and better operation strategies to better serve blockchain asset transaction.
Known as Kucoin Shares or KCS for short, the token issued by Kucoin Cryptocurrency Exchange Platform maintains a total issuance volume of 200 million. After buy-back disposal, it will be a constant - 100 million. As a decentralized cryptocurrency issued on the basis of Ethereum, also a standard ERC 20 token based on Ethereum blockchain, KCS supports all the Ethereum wallets
KuCoin is a cryptocurrency exchange based in Hong Kong. It operates on a crypto-to-crypto basis, so no fiat currencies are supported. Nonetheless, its digital assets portfolio is pretty extensive and besides, KuCoin offers its own token KCS (KuCoin Shares) and uses it in a similar way to Binance. Like most similar of venues, KuCoin does not offer margin trading and has not disclosed whether there is any minimum investment required.
KuCoin charges trading and withdrawal fees, while crypto deposits are free of charge. While this is the approach of many other exchanges, the fess of KuCoin are really competitive. It charges a flat fee of 0.1% per trade, while the average in the secctor is around 0.20% - 0.25%. Besides, for those who hold KuCoin Shares, there are attractive discounts.
In addition, withdrawal fees applied by KuCoin are also reasonable. For example, Bitcoin withdrawals are charged with a fee of 0.0005 BTC. Here you can find the complete information about withdrawal charges:
Although it was launched in mid-Septemner 2017, KuCoin already offers a substantial number of coins for trade (around 80), and keeps adding new ones. On their website, pairs are grouped into 5 categories: BTC, ETH, NEO, USDT and KCS markets. It was even the first exchange to launch trading in the RedPulse token (RPX). To date (late November, 2017), the most traded pairs on KuCoin are: RPX/BTC,NEO/BTC, ETH/BTC, and KCS/BTC.
KuCoin’s has developed a web-based trading platform with nice design that has some advanced charting with technical indicators, powered by TradingView. Besides, mobile apps for Android and iOS are coming soon, currently available in beta version. Here is a snapshot of KuCoin’s platform: Although KuCoin is a newly-launched exchange, it seems that it doesn’t have issues with liquidity, at least regarding popular cryptocurrencies.
KuCoin offers a bunch of promotions: a referral program, top traders bonus promotion, and discount options for those holding its KCS token. Here is how the latter works:You get up to 30% discount on trading fees when you use their KuCoin Shares.
On KuCoin’s exchange you cannot exchange your dollars for Bitcon, or vice versa. Supporting fiat currencies is an advantage, especially for beginners, who don't have any coins yet. Accordingly, the only payment methods accepted by the exchange, are blockchain transfers. Those who’d rather use their bank accountsor proceed payments with credit cards, may check out some exchanges which offers such options.
Unsurprisingly, KuCoin is not a regulated exchange. As most of you probably know, very few exchanges operate with some sort of licenses, as most countries have not developed relevant legislation regarding such service providers yet.
On KuCoin`s website, one can take a look at a bunch of pictures of the exchange’s team members, but actually there is no information about the company owning the site and the brand.
Unlike some cryptocurrency exchanges, like Kraken, Quoinex and others, KuCoindoes not provide margin trading. So, if you want to gear-up your trading, you may either choose another exchange, or try out trading cryptocurrencies with a forex broker. Most of them offer higher levels than crypto-exchanges.
* Crypto Rating accepts no liability for any errors in the KuCoin information and KuCoin trade volume. For the most up-to-date prices please visit the KuCoin's official website.
|#||Exchange||Founded||Rate||Coins||Volume 24h||Change 24h|
|1||Binance||2017||4.7||341||54 116 969 590||28.14%|
|2||Coinbase Pro||2014||4.6||49||4 342 960 485||36.24%|
|3||Kraken||2011||4.5||62||2 991 100 180||36.85%|
|4||Bitfinex||2012||4.4||146||1 387 204 084||61.17%|
|5||KuCoin||2017||4.2||282||2 475 873 413||23.14%|
|6||Upbit||2017||2.9||168||17 014 338 517||7.48%|
|7||Huobi Global||2013||4.3||314||16 066 293 949||50.47%|
|8||OKEx||2014||3.6||242||14 488 406 321||31.87%|
|9||CoinBene||2017||2||113||5 020 717 633||1.95%|
|10||Bithumb||2014||4.2||282||3 557 761 212||4.71%|
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