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According to trader union KuCoin review has grown into a top cryptocurrency exchange that can boast of serving every one out of four crypto holders worldwide. It has developed an impressive suite of crypto services, including the fiat onramp, futures and margin trading exchange, passive income services such as staking and lending, peer-to-peer (P2P) marketplace, IEO launchpad for crypto crowdfunding, non-custodial trading, and much more.
Other notable KuCoin features include:
. Buy and sell 200 cryptocurrencies with low fees worldwide.
As one of the best cryptocurrency exchanges, KuCoin supports a wide range of cryptoassets. In addition to bonuses and discounts, it charges a fee of 0.1% per trade and even small fees for futures trading.
. Buy crypto with top fiat currencies
including USD, EUR, CNY, GBP, CAD, AUD and many more. KuCoin allows you to buy cryptocurrencies with fiat using its P2P fiat trade, credit or debit card via Simplex, Banxa or PayMIR, or its Fast Buy service, which facilitates IDR, VND and CNY purchases of Bitcoin (BTC) or Tether (USDT).
. Superiorcustomer support service
Which can be contacted 24/7 via its website, email, ticketing system and other channels.
. Bank-level asset security.
KuCoin employs many security measures, including micro-withdrawal wallets, industry-leading multi-layer encryption, dynamic multi-factor authentication, and dedicated internal risk control departments that oversee daily data operations to strict security standards.
. KuCoin Futures and Margin Trading.
Long or short your favorite cryptocurrencies with up to 100x leverage!
. Earn cryptocurrency.
Check out KuCoin Crypto Lending Bonuses, Bets, Soft Bets and KuCoin Shares (KCS) to leverage your crypto and generate income.
. Intuitive and beginner-friendly platform.
With a great design and a robust trading platform, trading is easy and enjoyable for everyone.
. Non-custodial trading.
In case you are interested in increasing the security of cryptocurrencies, KuCoin supports the option of escrow-free trading directly from your private wallet, which is made possible by Arwen.
KuCoin trading fees
In brief, KuCoin is an excellent cryptocurrency exchange for cryptocurrency investors. It can boast of relatively high liquidity, a high number of users, a wide selection of supported assets and services, as well as low KuCoin trading fees. Additionally, it does not force KYC checks on all of its users, which remains a valuable perk for privacy-conscious individuals
KuCoin Fees Overview
KuCoin offers some of the lowest fees among altcoin exchanges. Its fee structure is fairly straightforward and easy to understand.
First of all, there are fees for spot trading of KuCoins. Here, a fixed fee of 0.1% applies to each transaction. Costs tend to decrease based on your 30-day trading volume or KuCoin (KCS) shares held, which entitles you to an additional trading fee discount. In addition, you can use KCS tokens to cover some transaction fees with KCS Pay.
In terms of futures funding fees, KuCoin Futures has an adjustable USD/USDT interest rate as it adjusts to relative funding rates and can be positive or negative. With this adjustment, the interest rate difference between the base currency and the quoted currency of the perpetual futures funding rate will move from 0.030% to 0%, which means that the KuCoin perpetual futures funding fee will become zero during normal periods. Funding for KuCoin Futures takes place every 8 hours at 4:00, 12:00 and 20:00 UTC.
Last but not least are deposit and withdrawal transactions. Deposits are free, while withdrawals come with a small fee that varies by cryptocurrency. NEO and GAS can withdraw from KuCoin for free.
How to Reduce KuCoin Trading Fees?
There are several ways to reduce your KuCoin trading fees. The platform offers its users a wide range of exclusive futures trading fee rates and 0% or low interest on margin loans through various VIP levels. You’ll see offers like this on platforms like Binance that specialize specifically in cryptocurrencies.
Basically, the bigger the trading volume on the platform and the more KuCoins you buy, the bigger your discounts on trading, creator and taker fees will be. These fees must be paid with KCS coin. Currently, there are about twelve different levels that traders can focus on.
Just as well, if your total assets exceed $1 million, you’ll have access to a special “whale” VIP. With this level you can qualify for a 0% creator fee in addition to other fantastic benefits.