KuCoin Review 2024: Pros, Cons, and Features of the Popular Crypto Platform

KuCoin Review 2024: Are you looking for a place to trade cryptocurrencies and want to know if KuCoin might work for you? You’ve come to the right place.

This article gives you a complete answer to all of your questions. Read on to find out everything you need to know about KuCoin, including its pros and cons, features, fees, and user experience.

What Is KuCoin?

KuCoin is a well-known exchange site for cryptocurrencies that lets users buy, sell, and trade digital currencies. The site offers more than just standard trade options. It also lets you trade on margin, with futures, and with other people online.

Users can also choose to stake or sell their cryptocurrency in order to earn rewards. KuCoin is appealing because it has lower trade fees than some of its competitors, which makes it a good choice for many.

About the Company

KuCoin is a cryptocurrency market that has been around since 2017 and is based in Seychelles.

It has grown to become one of the biggest platforms in the world based on trade volume since it started. It has more than 20 million users and is present in more than 200 countries.

People from the United States can sign up for a KuCoin account, but they can’t use all of its features because KuCoin isn’t allowed to do business in the US.

KuCoin Review 2024


Because of this, there are some risks that come with making an account. In the event that U.S. regulators decide to take harsh action against KuCoin, for example, users may have trouble withdrawing their funds.

Why is KuCoin a Good Choice?

KuCoin has very low fees and makes it easy to trade a huge number of different coins. As one of the few sites that lets U.S. users use a margin account to trade cryptocurrencies, and when you use its token, KuCoin Token (KCS), you can get a 20% discount on trade fees.

It’s important to remember that investing in this new, highly volatile class of assets comes with a lot of risk, no matter which trading site you choose. This is true for all of them.

KuCoin’s Features

KuCoin is a cryptocurrency exchange with its main office in Seychelles. It started out in 2017 with an ICO. KuCoin, which calls itself the “people’s exchange,” is one of the world’s top 10 biggest cryptocurrency exchanges by trading volume, according to CoinMarketCap.com.

As of now, KuCoin does not have a license in the US. Therefore, people living in the U.S. can make accounts on the platform, but their status will remain “unverified,” which means they can’t use certain features. Similarly, KuCoin users outside of the U.S. are limited in the same ways.

Also Read: How to Earn Free Crypto in 2024: 5 Platforms You Need to Know


The trading fees on KuCoin are very low, and buyers can get discounts based on how much of the platform’s native token, KCS, they hold on average each month or how much they traded the previous month. If they choose to pay with KCS, these fees can be lowered even more.

KuCoin works on a maker/taker fee system, which is similar to many other cryptocurrency exchanges. According to this, the fees change based on whether an order is made or a taker.

Makers add to the liquidity of the market by creating new open orders that other users can fill. Instead, takers reduce liquidity by meeting maker orders that have already been placed.

The amount of maker/taker fees can change depending on how much is sold and what kind of coins are being traded on KuCoin. There are three types of cryptocurrencies on this exchange: Class A, Class B, and Class C.


To keep KuCoin’s crypto assets safe, the company has teamed up with Onchain Custodian, a Singapore-based crypto asset security tool. In addition, Lockton, a private insurance agency, backs up these assets.

There are standard security features on the site, like proving your identity, exchanging passwords, and anti-phishing phrases.

Users from the U.S. should be aware that their accounts might not be as safe as accounts from other countries since they can’t go through Know Your Customer (KYC) verification. KuCoin doesn’t protect unverified accounts as well against fraud and hacking as it does confirmed accounts.

KuCoin Supports Several Cryptocurrencies

Around 700 cryptocurrencies are supported by the KuCoin system. This means that buyers of all levels can easily find and buy or sell any cryptocurrency they want. These are the most popular cryptocurrencies:

How Safe is KuCoin? – KuCoin Review

A hack happened to KuCoin in the past, as it did to many other cryptocurrency sites. Thank goodness this only happened once, in 2020, when hackers broke into the exchange and stole about $150 million.

Following that, KuCoin improved its protection and hasn’t had any more problems like that since.

At the moment, KuCoin is a safe cryptocurrency exchange that uses a number of security measures, such as 2FA Google Authenticator, 2FA SMS, and SSL encryption, all of which are standard but important parts of online safety.

KuCoin uses KYC/AML procedures all the time. These steps help make sure that users are who they say they are and stop illegal actions like laundering money or giving money to terrorist groups. It is important to note that users who want to increase their transfer limits must go through this verification process.

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