Several other exchanges formed around the same concept. CEX.IO is one of the oldest Bitcoin exchanges around, it’s global, stable and offers both simple, easy to use interfaces for both buying and trading Bitcoin and few other cryptocurrencies. As cryptocurrency regulations tighten up around the world, the fact that KuCoin allows traders to jump in without going through verification protocols means they’ll likely see an influx of users in the coming months. In the current cryptocurrency exchange landscape, no one comes close to offering the sheer variety of lesser-known digital assets that KuCoin does. Kucoin does not offer KYC option for US customers, however, they do not seem to restrict the use either, meaning anyone can freely use their platform with the 2BTC withdraw limit. If you want to find out where you can use Kucoin Exchange click here. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. Using KuCoin for the first time is a bit like traveling from the USA to Australia. Shrimpy is a trading bot which has partnered with KuCoin to simplify crypto portfolio management. KuCoin reminds us of our current benefits: Deposit, Exchange and Margin Trade. However, as you’ll see from the list below, Kucoin does not accept users from the U.S. Below is a list of all countries accepted by Kucoin. The exchange has plenty of altcoins to choose from and leverage up to 20x. KuCoin’s Liquidity. Bithoven stands as a reliable cryptocurrency trading exchange with a simple interface. Both MultiVAC and Trias featured as early Spotlight IEOs, and despite their so-so market performance, the attention-grabbing headlines around IEOs have been great for KuCoin’s exchange growth and token value. Instead, the exchange is looking to decentralize itself with the launch of a blockchain and decentralized exchange in the near future. ICOs were catching on in earnest and were helping to aggregate value in both BTC and ETH. Kraken is a Bitcoin and Cryptocurrency trading platform based in the US. Once done, you’ll want to go through KYC so that you can recover your account if you get locked out one day. By default, it will show KuCoin Shares. Coss and Bibox debuted not long after KuCoin and went after the same market. The referral program was, essentially, a profit-sharing program unlike any other that had come before it. KuCoin has built a well-deserved reputation as the premier exchange for altcoin hunting. However, after successful verification, the following benefits will be available to you: Daily Withdrawal Limit 2 BTC, Max. For users who prefer to trade on the go, KuCoin has a convenient mobile app available on both Android and iOS mobile devices. Gemini is based in the US and was founded by Cameron and Tyler Winklevoss. You can buy bitcoins with bank transfer, gift cards, Paypal, cash and much more. But, in the meantime, they’ve decided to up the ante. This platform provides a large variety of coins to choose from and a reputable trading engine. It ranks as number 28 for liquidity, with nearly $10-million available. Many of the exchanges from the above categories can also be used for purchasing your first Bitcoins. Both of these exchanges provide their services to users from many of the world’s countries, though as said, Binance will not be able to do that for the U.S. residents for a while. It only takes 5 minutes to set up and can boost returns over a simple buy and hold strategy by over 305%! Beaxy is newer all in one cryptocurrency exchange, providing great tools and features. KuCoin has a large number of cryptocurrencies it supports but has a lower trading volume overall to rank lower than Kraken for liquidity Pros and Cons of KuCoin Some of the pros and cons of using the KuCoin exchange include: Institutional interest in crypto has been heating up all year long, and with digital asset trading currently in full-swing, KuCoin’s OTC trading desk is more relevant than ever. Linking your KuCoin account to Shrimpy unlocks convenient trading features which can help you automate your crypto strategy. qTrade is a unique altcoin exchange that … Kraken compensates for this however with their excellent support service which is available 24/7. Initial reports suggest approximately $150M in cryptocurrency was stolen. Send funds from your main account to your trading account. In an effort to boost the liquidity on its exchange, Kucoin has announced that it is bringing USD deposits and withdrawals to the platform. To send coins, navigate to your wallet by clicking on Assets on the top banner. The platform offers a variety of crypto pairs trading against USD and the possibility to purchase Bitcoin with a credit card. KuCoin quickly collected so many new users that they became inundated with site traffic and had to take measures to slow their own growth. Let’s get to the bottom of that question by taking an in-depth look at the exchange’s operations. The platform offers a variety of cryptocurrencies, and requires KYC for withdrawals. Spotlight IEO Platform — Missing out on the IEO craze is a mistake that’s not worth making. If you’ve used a cryptocurrency exchange in the past, then KuCoin’s dashboard should pose no challenges. In addition to the margin trading features, this also marks the opening of a lending platform for users who wish to lend their tokens to others for margin trading. Security — There’s plenty of ways for exchanges to impress, but the most crucial quality to possess is robust security. Signing up for a KuCoin account is easy — maybe even too easy. 24/7 Support and Powerful Trading Engine — KuCoin’s support staff is available 24/7 via the exchange’s website and by email. 10 Minutes from Register to Trade (PC Version) KuCoin VIP Client Benefits Introduction. While that is, without a doubt, a large component of the KuCoin success story, the other unforgettable move made by the team early on was to offer users a referral program. OTC trading is, generally, for high-net worth and firm size accounts needing to settle trades away from the order book. Altcoin trading can be one of the most profitable concepts in cryptocurrency, there are thousands of different projects to choose from and quite a few exchanges as well. Despite not entering the market with much fanfare, KuCoin did do one thing right from the very beginning — it offered tokens and trading pairs that couldn’t be found anywhere else. Companies themselves choice how to implement KYC/AML in accordance with … The platform requires no KYC from citizens outside of Korea and is also available for US customers. To sweeten the deal, KuCoin has announced a new bonus plan on the horizon. The latter was opened after regulations forced Binance to ban US users from using the main Binance. Despite the market politics and turbulence, KuCoin came out strong and carved a place for itself by virtue of offering a no-nonsense user experience backed by an impressive array of tokens. ), Without KYC: $5,000 USD / With KYC: $1,000,000 USD / 24 hours, Spot: 0.1% – 0.1% / Futures: 0.02% – 0.06% + Discounts, Without KYC: 5 BTC / With KYC: 100 BTC / 24 hours, Without KYC: $10.000 USD / With KYC: $100,000 USD / 24 hours, Initially $25,000 USD (Can be increased)  / 24 hours, 1.49% premium / ActiveTrader: 0.35% – 0.25% + Discounts. No, definitely not! Note that some of the exchanges listed here may not offer official statements about whether US citizens are welcome or not! It is available in multiple countries including the US, UK, Germany, Austria and Switzerland. KuCoin Review 2021 - Accepted Countries, Payment Methods, Coins & User Reviews. Huobi expanded its offerings to try and grab more market share. ), Best Non-KYC Crypto Exchanges (Ranked By Readers! Yes it is legal. To get set up, click on your profile avatar in the upper right-hand corner. However, you may still continue to perform transactions on KuCoin even if the account isn't KYC verified. KuCoin is only about 3 years old, but in that time they have made a name for themselves as a secure and dependable exchange that can be accessed by nearly anybody not located in the United States. When KuCoin first opened shop, its UI was lacking when compared to heavy hitters like Coinbase and Binance. In an instant, $150M in cryptocurrency was stolen from the exchange on September 25, 2020. BitFlyer is one the largest & leading crypto exchanges by volume in the world, not only it has the largest volume in Japan, and with global volumes reaching over 250 billion in 2017, but it also has licensed operations in Europe, and the US. KCS holders will automatically be qualified for KuCoin exclusive promotions, offers and rewards. The draw of the exchange’s revenue-sharing model is readily apparent — as long as the exchange continues to be profitable and grow, you can expect, as a KCS holder, to share in the company’s success. KuCoin is one the best altcoin exchanges for trading right now, the platform offers a variety of coins to choose from with high liquidity, as well as the option fo purchase Bitcoin with a credit card. The bigger your KCS holdings, the more of KuCoin’s revenue you’re entitled to receive. Firstly KuCoin is ranked in the top 10 exchanges on CoinMarketCap at number 8, boasting a fantastic daily volume of +- $567,918,653 per day! That may have something to do with the exchange stepping up its design, support, and feature set recently, but ultimately, all of those improvements benefit what is quickly becoming one of the cryptocurrency’s pillar exchanges. qTrade is a unique altcoin exchange that lists only selected original dev coins with special capabilities and features. And the number of coins these two owns makes it quite literally the most secure exchange around. Our last five reviews evaluated Kraken, Bittrex, Binance, Huobi, and Coinbase Pro. This review of KuCoin consists of four parts: general info, fees, deposit methods and security. These are the best crypto exchanges for altcoin trading. This review is part of a crypto exchange review series. Every day, KuCoin takes its daily trading fees, keeps half for itself, and spreads the other 50% proportionally to wallets holding KCS. Votes: 7. CoinDeal is a US-based crypto exchange offering easy to use platform with a variety of altcoins and fiat currencies to choose from. Launched in September 2017, KuCoin claims to have 5 million users from over 200 countries and regions. KYC is required + US Customer Friendly. This faulty security design may lead to the exchange’s ultimate downfall. 2020, Join KuCoin Futures Lite and Earn Your Financial Freedom. What happened next may have seemed like the obvious play, but no one until KuCoin had decided to do it — the KuCoin team put all those ingredients together and created what they dubbed “The People’s Exchange.” KuCoin knew that people were sick of having to gamble on shady exchanges like Liqui.io, EtherDelta, and others to buy obscure altcoins. ProBit is a Korean based global cryptocurrency exchange offering a variety of lesser-known altcoins to trade with. The exchange is designed to suit for all levels of trades, from newbies with a one-click buy button to pro trading screens. KuCoin was also launched in 2017 and rose to fame also during the same famous Bitcoin and cryptocurrency bull run. KuCoin has long been in the shadow of Binance, its better-known competitor. This shows all your available coin balances. How to Trade Traditional Markets with Bitcoin (Best Crypto Brokers), Best Crypto Exchanges For Trading, Buying & Selling (Full List! The Kraken exchange offers a number of other services as well from institutional account management to OTC desk, and more. In order to gather public opinion, the writer looked to Reddit to see what the internet had to say about this exchange. The only limitation for non-verified accounts is the limit of 2 BTC every 24 hours. One might argue that Binance shares overlap with KuCoin’s market, but in truth, the two exchanges complement rather than compete with each other directly. Pay Fees via KCS & Enjoy 20% Off. The crypto community has united around the efforts to retrieve the funds, but it may not be possible to return everything that has been lost. When KuCoin came online in September 2017 — only a month after Binance’s debut — it hit the ground running at a very particular moment. The founders of KuCoin are Johnny Lyu and Michael Gan. In November 2018, ‘The People’s Exchange’ officially partnered with IDG Capital and Matrix Partners. General Info. KuCoin is a cryptocurrency exchange based in Hong Kong. The beauty of KuCoin’s selection is that you don’t have to fish around on scammy exchanges to get ahold of typically illiquid tokens like J8T or newer projects like MTV. And with a decent exchange volume, Kraken is the best option for any customers living in the US looking to trade Bitcoin using margin. The exchange also supports fiat currencies such as USD, EUR, and Russian ruble. KCS Bonus Plan. Despite having a high volume of requests flooding in from the world over, KuCoin’s support staff does a noble job of promptly replying to support inquiries. All in all, it is safe to say KuCoin is a powerful and beginner-friendly exchange. The exchange provides support for a variety of payment methods including Credit Card, Skrill, Neteller, Payeer and Advanced Cash. Exchanges listed here are all available for US customers. Afghanistan Albania They also have an informative FAQ section that lists many questions and answers that you may have. TheCleverMillionaire United States. Ask around and you’ll find that for many, KuCoin just suddenly appeared. The platform is available for the US citizens, except for Hawaii, Washington and New York states. Check our new pillar post that ranks US exchanges based on readers’ votes! At the time of writing, KuCoin has more than 300 different trading pairs available. APIs only have access to your trading account — so, if you want to err on the side of safety and are using third-party APIs, you can keep the lion’s share of your wealth safe in your main account. For the duration of the third fiscal quarter, however, KuCoin will additionally buy back and burn KCS — throwing extra fuel on the flame. A United States based crypto asset management company, believes the exchange’s success is owing to its preference for listing “hidden gem” cryptocurrencies, KuCoin’s OTC desk is currently in its trial phase, KuCoin launched their margin trading services on October 31, 2019, KuCoin was quick to respond with their own offering, KuCoin will additionally buy back and burn KCS. KuCoin provides an exchange service for users to conduct digital asset transactions securely and efficiently. I love the KuCoin trading bot, it’s super simple to set up, and it runs on autopilot, also the profits it makes are awesome. This exchange was founded back in the day in 2013 meaning they have a quite track record behind. Margin Trading — KuCoin launched their margin trading services on October 31, 2019 . Although KuCoin has implemented a number of security checkpoints inside the UI, which make the exchange appear secure, they have been the subject of the latest high-profile hack. 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