What is KuCoin?
KuCoin stands as a pivotal cryptocurrency exchange, committed to enabling the seamless global transfer of digital value. With an emphasis on user-friendly design, a streamlined registration process, and robust security measures, KuCoin offers a comprehensive platform supporting futures trading, a built-in P2P exchange, credit/debit card transactions for cryptocurrency purchases, and instant exchange services.
The People's Exchange: KuCoin's Reach and Impact
Often referred to as the "people's exchange," KuCoin has facilitated an impressive 1.2 trillion in lifetime trading volume, serving a user base exceeding 30 million globally. The platform's commitment extends to technology-driven trading products and the KuCoin ecosystem, centered around the KuCoin token (KCS).
Meet the KuCoin Founders
Established in 2017 by Michael, Eric, Top, Kent, John, Jack, and Linda, KuCoin officially launched in September of the same year. In 2020, Johnny Lyu assumed the role of CEO, bringing a wealth of experience from the tech, internet, and e-commerce sectors.
Global Presence: KuCoin's International Offices
Headquartered in the Seychelles, KuCoin maintains offices in Hong Kong and Singapore, serving a diverse user base in over 200 countries, totaling more than 30 million individuals.
Navigating KuCoin: Supported and Restricted Regions
While KuCoin offers its services to countries like Turkey, India, and Japan, among others, it's crucial to consult the official website for an updated list of supported nations, as certain regions may have restrictions.
Crypto Diversity on KuCoin
Boasting an extensive array of trading pairs, KuCoin facilitates transactions with nearly 700 cryptocurrencies. Among the prominent coins available are BTC, ETH, USDT, BNB, ADA, XRP, USDC, DOGE, DOT, UNI, and numerous others.
What are the trading fees on KuCoin?
Numerous exchanges implement taker fees for those swiftly executing transactions from the order book, and maker fees for those placing orders that don't immediately match. Alternatively, some platforms opt for 'flat' fees, where both takers and makers are charged the same rate.
KuCoin adopts a flat fee structure, setting a 0.10% charge per trade across most trading pairs. In addition, a withdrawal fee of 0.0005 BTC is applied when users withdraw Bitcoin. This aligns closely with the global industry average for BTC withdrawal fees, as indicated by an empirical study which pegs it at 0.0004599 BTC.
Overall, KuCoin's fees, both for trading and withdrawals, are competitive and often fall below industry averages, contributing to a favorable user experience.
Does KuCoin offer leverage trading?
KuCoin Futures Trading enables users to engage in futures trading, also referred to as contract trading. This involves the buying and selling of standardized future contracts for commodities or financial assets. In such contracts, the buyer commits to purchasing assets at a predetermined price on a specified future date (known as the delivery date), while the seller agrees to deliver the asset at that predetermined price on the delivery date.
The KuCoin futures trading platform provides access to over 60 cryptocurrencies' perpetual contracts. As per information obtained from KuCoin, the platform has garnered a user base exceeding 3 million.
