KuCoin trade volume and market listings
These audits prove that KuCoin has enough assets in its reserves that even if all users wanted to withdraw their funds, they could. Fast Trade is designed for users who want to buy Bitcoin quickly without navigating complex interfaces. This method is intuitive and supports multiple payment options.
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However, users can engage in a live chat to get answers to basic questions or submit a request for assistance to get help how to buy wifedoge with more complicated issues. Opening an account with KuCoin is simple, and the process takes just a few minutes. To get started, visit the KuCoin homepage and click “Sign Up” in the upper right-hand corner of the page. From there, you’ll enter your phone number or email address, a verification code, and a password.
- Commodity Futures Trading Commission (CFTC) filed a civil lawsuit against KuCoin alleging the company failed to register its futures and swaps activities with the regulator.
- The use case of KCS also includes participation in token sales on KuCoin Spotlight, as well as LockDrop/BurningDrop on the Pool-X platform.
- However, I had to repeat this process for every login, which was frustrating.
- Users can open positions with up to 100x leverage on some contracts.
- Unlike competitors like Kraken, which offers free fiat deposits, KuCoin charges for EUR deposits via SEPA and Volet.com.
P2P crypto purchasing, on the other hand, provides even more payment methods and zero fees. With this option, you buy crypto from other traders, and KuCoin just acts as an intermediary. In the past, it didn’t, so you needed to deposit another crypto you already owned into your account and then trade it.
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The exchange didn’t charge for these transactions, which makes this method ways to earn crypto ideal for this group of traders. The United States has strict regulations for cryptocurrency exchanges, and KuCoin is not licensed to operate in the states. If you live in the U.S, you may be tempted to use KuCoin without completing the KYC verification. You’d have restrictions on how much you could withdraw, and how much leverage you could access. KuCoin has a lot of extra features, though you’ll need to think carefully about whether you want to use them.
Compared to the industry average, the fees on KuCoin are considerably lower. Trading fees follow the Maker-Taker model and depend on whether you are trading spot, margin or futures, as well as your VIP level. Compared to the desktop version, the KuCoin mobile app is lighter and more user-friendly, making it better suited for novice traders. During my testing, I withdrew LTC over the Litecoin network back to Bybit. KuCoin charged a withdrawal fee of 0.005 LTC ($0.37), 5x higher than Bybit’s 0.001 LTC ($0.07) fee. However, KuCoin processed the withdrawal quickly, and the LTC reached my Bybit wallet in just over 10 minutes.
Users can also get trading fee discounts if their KuCoin Token (KCS) is used for payment. KuCoin users can access their accounts through an online portal or mobile apps, available for Android and iOS. Both its app development costs desktop site and mobile apps offer an abundance of features and tools. Now, for spot trading Class A assets, both maker and taker fees start at 0.1%.
Security
However, the mobile app offers a more flexible solution, allowing leverage up to 100x. KuCoin also allows you to use trading bots through its mobile app. Trading bots can automatically buy and sell your cryptocurrencies so you don’t have to be online all the time to follow the market. Plus, it’s not always clear how they’re investing your money, and you need to understand the cryptocurrency trading strategies they use. If you’re buying for the long term, bots don’t add a lot to the mix.
Fees overview
I’ve used KuCoin quite a few times myself, as it usually supports the cryptocurrency that I am looking to buy or sell. One reason for that is that both deposits and withdrawals have been really quick and simple. Besides, I also like how you can access the markets through the KuCoin app.
Manage and Spend Your Bitcoin with KuCard
KuCoin offers KYC verification and standard security features like multi-factor authentication and encryption. A unique aspect is the additional trading password required for transactions, adding an extra layer of security. What makes this new exchange so appealing is how it will support some interesting cryptocurrencies from day one. As one would expect from a Chinese company, KuCoin will also support NEO and its GAS token, as well as a handful of other currencies.