KuCoin Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
The Republic of the Seychelles is home to the cryptocurrency exchange known
as KuCoin (previously Hong Kong). KuCoin asserts that it has more over 8 million
users from over 200 different countries and regions since it was launched in
September of 2017. KuCoin is presently offering cryptocurrency-related services
such as crypto-to-crypto trading, fiat-to-crypto trading, futures trading,
staking, lending, and many more. It is often known as the People's Exchange.
Visit KuCoin Website.
With more than 540 supported currencies and over 960 trading pairs, this exchange has one of the most amazing collections of trading pairs available anywhere in the globe.
Are you sick of reading? No worries, just click the following link to see our video review of KuCoin:
When it first started out, KuCoin had the support of two of the largest traditional venture capital firms: IDG Capital and Matrix Partners. At the end of 2018, the exchange also revealed that they had received USD 20 million in round A funding from the company.
KuCoin is consistently ranked among the top 10 cryptocurrency exchanges in terms of the number of trades that occur during a 24-hour period. According to Coinmarketcap, the 24-hour trading volume was a staggering USD 3.4 billion as of the date of the most recent update to this evaluation, which took place on December 2, 2021. On the same day, the cryptocurrency exchange Binance was at the top of the spot market volume rankings with around USD 30.4 billion, followed by the cryptocurrency exchange Coinbase with a trading volume of USD 6 billion.
It is also important to know that the cryptocurrency exchange uses its own native coin, which is referred to as KuCoin Shares (KCS). You are eligible to get a KCS bonus on a daily basis if you are the holder of six or more KuCoin Shares. You are also eligible to enjoy trade discounts, as well as costs that are lower than normal for withdrawals. According to the exchange, holders of KCS are eligible to take part in a variety of voting and listing processes.
There is no indication that trading is restricted for investors from the United States. If you are an investor in the United States, you should always check to see if the state in which you live has any restrictions on your ability to trade cryptocurrencies outside the country.
Tweets by kucoincom
Trading perspectives might vary greatly between various markets. In addition, there is no perspective that can be described as "the finest" overall view. You should assess for yourself which trading view is most suitable for you in order to maximize your profits. The order book, or at least a portion of the order book, a price chart for the cryptocurrency of choice, and an order history are often displayed on each of the views. This is generally the only thing that all of the views have in common. In addition to that, they often have purchase and sell boxes. Try to get a feel for the trading view of an exchange before you commit to using it so that you can determine whether or not it resonates with your own preferences. The image that may be found below depicts the trading perspective at KuCoin:
In November of 2019, KuCoin made the announcement that Margin Trading Service was now available. Traders can obtain access to higher quantities of cash and the ability to leverage their positions by making use of KuCoin's user-to-user funding feature, which allows other users to contribute funds to the trader's account. This type of trading can be applied to either long or short positions, depending on your preferences. The use of money that have been "borrowed" can lead to a rise in profit, but it also has the risk of leading to losses that are greater than the initial investment that was made.
Margin trading is now available on KuCoin, with support for up to 10x leverage and 75 different cryptocurrencies, including Bitcoin, Ethereum, and KuCoin itself.
The list that follows provides examples of some of the trading pairs and assets that are supported in margin trading:
KuCoin Margin Trading Pairs
KuCoin Futures Trading
KuCoin introduced its Futures trading platform to the public for the first time in an official capacity in the month of July 2019, and they introduced a Lite Version in the month of January 2020. The buying and selling of standardized future contracts of commodities or financial assets is an example of futures trading, which is also known by its alternative name, contract trading. According to the terms of this future contract, the buyer will make an investment in assets at a specific time (called delivery date) in the future at a fixed price, and the seller will be required to provide the asset at the planned price on the delivery date.
According to statistics obtained from KuCoin, the total number of users has already surpassed 3 million. The KuCoin futures trading platform now provides customers with access to everlasting contracts for more than 60 different cryptocurrencies.
The following are the costs that are associated with trading futures on KuCoin:
In July of 2019, the cryptocurrency exchange KuCoin made an official statement that it has created an OTC Trading Desk (OTC is short for Over-The-Counter). Larger deals can be executed at a predetermined price by market participants without the price of the underlying cryptocurrency being affected in any way.
Direct purchases of USDT, Bitcoin, and other cryptocurrencies may be made with CNY, VND, or IDR at this OTC Trading Desk. Canadian dollars are also accepted for these transactions. There are no costs to trade and the settlement is done quickly. For users to begin OTC trading, all that is required is that they finish the KYC verification process and set up a trade password.
On the KuCoin Lending platform, users have the ability to lend cryptocurrencies to other users in exchange for interest. These cryptocurrencies may include USDT, BTC, ETH, and others. Lenders merely need to fill in the Loan Amount and the Daily Interest Rate (the range for the interest rate is 0 to 2.00 percent), and the selection for the Lend Terms might be 7, 14, or 28 days. The default loan duration is for twenty-eight days. The following displays the interest rate that is available on the USDT Funding Market:
Staking platform Pool-X, which pioneered a free market that overcomes the problem of liquidity faced by staked cryptocurrencies, is known as Pool-X. Traders take part in Staking and are rewarded with both Staking awards and POL Credits if they are successful (the native token of Pool-X). Traders are able to trade staking assets and benefit from a better degree of liquidity when they participate in liquidity trading on the market. The following is an illustration of the liquidity trading market for KCS-Staking.
There is no distinction in the costs that are charged to takers and makers on this trading platform. Instead, the marketplace utilizes what is known as a "flat" pricing model. They provide a fixed trading cost of 0.10 percent, which is lower than the average trading fee throughout the whole industry. There are a variety of perspectives about exactly what the global industry average is; nevertheless, if we had to guess, we'd say "approximately 0.25 percent."
You may be eligible for a further discount if you use KCS to pay the necessary trading costs. The trading costs are discounted according to the trading volume and the amount of KuCoin's native token held during the previous thirty days.
When you remove Bitcoin from your KuCoin wallet, a withdrawal fee in the amount of 0.0005 Bitcoin is deducted from your balance. According to the findings of this empirical study, the global industry average for BTC withdrawal fees is 0.00053 BTC, therefore this is pretty consistent with that number.
The overall trading costs and withdrawal fees charged by KuCoin are either on par with or significantly lower than the averages for the industry, which is a very positive development.
In the past, KuCoin would only take deposits of various cryptocurrencies, and it would not accept deposits of any traditional forms of payment. As a direct result of this decision, trading was closed off to new crypto investors. KuCoin, on the other hand, did not initially support deposits of fiat cash until the 4th of July, 2019. Through our collaboration with Simplex, we were able to accomplish this goal. Users of KuCoin now have the ability to buy cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple with credit cards issued by Visa or MasterCard. This method of depositing funds, however, is not available to residents of any of the following six states in the United States: New York, Connecticut, Washington, New Mexico, Georgia, or Hawaii. Countries such as Iraq, North Korea, Syria, Afghanistan, and Libya are examples of nations that are subject to sanctions.
Simplex costs 3.5 percent every trade. Therefore, if you wish to buy Bitcoin for USD 10,000, Simplex will charge you USD 350 (in addition to a minimum flat fee of USD 10) for the privilege of facilitating the transaction.
However, wire transfers are not yet supported by KuCoin at this time.
KuCoin is a cryptocurrency exchange that provides investors with access to a variety of supported cryptocurrency assets and services while keeping trading costs competitively low.
It is well knowledge that KuCoin does not subject its users to any kind of Know-Your-Customer (KYC) verification process. In 2017, it started conducting business.
Along with native mobile applications, KuCoin enables a wide variety of payment methods and more than 300 other cryptocurrencies.
KuCoin is a cryptocurrency platform that essentially makes it possible for anybody to trade over 300 different cryptocurrencies. This means that investors are not limited to investing only in the most well-known tokens but can also put their money into lesser-known altcoins.
As a consequence of the existence of a variety of cryptocurrency pairs, investors have the opportunity to purchase and sell futures contracts with a maximum leverage of one hundred times. This implies that customers can trade up to USD 10,000 worth of contracts, for example, even if they only have USD 100 in their accounts at the time of trading. The free version of KuCoin is known as the lite version, while the paid version is known as the pro version.
The United States Dollar (USD), the Euro (EUR), the Chinese Yuan (CNY), the British Pound (GBP), the Canadian Dollar (CAD), and the Australian Dollar (AUD) are all examples of FIAT currencies. In addition, you may buy using FIT by utilizing its P2P FIAT trading option, or you can use Simplex to make deposits using credit cards or debit cards.
In addition, there is first-rate customer service, access to futures and margin trading, the availability of KuCoin Earn, which enables users to lend or stake tokens and earn more tokens as a consequence of their efforts, and non-custodial trading. All of these features are included.
There are several cryptocurrency exchanges now accessible, and each of these exchanges will charge a fee in order to facilitate trading operations. Additionally, the platform may charge costs on top of the default fees. They are widespread within this sector, and KuCoin is not the only exchange that operates in this manner.
The following information is important to keep in mind as we investigate the fee structure utilized by KuCoin:
Every time an order is fulfilled, KuCoin collects fees from both the maker and the taker.
Fees for both the maker and the taker are set at 0.1 percent by default. On the KuCoin exchange, the trading costs can be cut to 0.08 percent per if you pay for them using the KCS native cryptocurrency token. This is a significant discount.
Because the exact limits on each cryptocurrency token are only available on the platform at the moment you attempt to purchase them, you will have to determine it on a per-token basis in order to comply with the minimum trading size and volume requirements of certain cryptocurrencies, which can be quite high. In light of this, the smallest amount required to make a transaction in the majority of cryptocurrencies is 0.0001 BTC; the same is true for crypto futures.
The KuCoin exchange was designed from the ground up to be usable on practically every platform that is currently available. The reason for this is to ensure that the maximum number of persons are able to participate in the trade. Even on mobile apps that do not use the native program, the internet client is able to adjust to a variety of screen sizes, orientations, and resolutions. This is the case. Having said that, there are applications designed specifically for mobile devices.
KuCoin may be accessed and used in a variety of different ways, some of which are as follows:
If you have a device that runs the Windows operating system, which is typically a desktop computer or a laptop, then you can access KuCoin directly by using a web browser that you enjoy using on a regular basis. If you do not have a device that runs the Windows operating system, then you will not be able to access KuCoin directly. The website will adjust itself to the size of your screen, which will make the process of using the exchange much simpler.
Macintosh computers and other devices running the macOS operating system If you enjoy using Apple products, then there is a significant probability that you own a Macintosh computer, namely a MacBook or a Mac. These devices use the macOS operating system, which makes it possible for you to access the KuCoin exchange using virtually any device you choose to use.
Devices running the Android operating system KuCoin has an official application that was designed just for the Android operating system and is available for download in the Google Play Store. This application can be found while looking at the Android side of things. Keep in mind, however, that in order to install the program on your smartphone, Android 5.0 or a later version is required. This is an essential need.
Devices that use the iOS operating system — There is also an official application for iOS that has been produced and is available for download and installation from the AppStore. Be aware that in order to download this version of the app, your smartphone must run iOS 10.0 or a later version before you can do so, so keep that in mind before you start the download process.
It is important to keep in mind that you may access the exchange and utilize many of its functions straight from your mobile device without first having to download a separate application. Despite this, the overall experience is significantly smoother when using the specialized app.
Over 190 nations and territories across the world currently have access to the KuCoin platform. You will need to check the official website in order to see a comprehensive list of the countries that are supported.
Canada is one of the sponsored nations, along with many others.
Kingdom of England
Is It Possible to Use KuCoin in My Language? KuCoin is translated into 19 different languages, some of them are as follows:
Because there are so many more languages accessible, virtually anyone should have no trouble comprehending the KuCoin exchange's menus and all of the changes that take place there.
How Straightforward Is It to Make Use of KuCoin? Which version of the platform you choose determines how easy it is to utilize the product. It is available in two different variations, which are known as KuCoin Lite and KuCoin Pro respectively. To be more particular, the KuCoin Lite version is extraordinarily user-friendly and straightforward, making it ideal for novices. It has a graphical user interface that is straightforward and easy to navigate. However, there is a version called Pro that is more difficult to use and was developed especially to meet the requirements of experienced traders. It is noteworthy that the KuCoin exchange has made further efforts toward simplifying the user experience for beginners, while at the same time preserving extensive functionality for professional traders that demand them.
KuCoin provides a wide variety of features with the intention of satisfying the requirements of a large number of committed cryptocurrency traders.
Their pro trading platform was built expressly for this purpose, and it offers several indicators, chart kinds, and trade setting tools. If you are not a newbie and want to experience all of the sophisticated features that KuCoin has to offer, their pro trading platform is the way to go.
You are able to stake your coins through the firm Pool-X, which is supported by KuCoin. This is made possible by KuCoin Earn. You also have the option of lending your cryptocurrency to others and receiving interest payments on it. You may assist validate the network and keep it safe by staking money, and if you agree to lock these funds away for a predetermined amount of time, you can earn incentives in exchange.
You are not restricted to only investing in the most well-known cryptocurrencies that have the highest market capitalization because there are over 300 cryptocurrencies to choose from. Instead, you can focus your attention on altcoins that are not as well-known as the more well-known cryptocurrencies.
Is KuCoin Safe? KuCoin has taken a variety of safety precautions with the intention of preserving the users' money in an environment that is as risk-free as is reasonably practicable. You will be presented with the choice to enable two-factor authentication, and you will also be given the option to create distinct trading passwords. All of the customer data is encrypted at a very high degree for further security.
Am I, and Does My Cryptocurrency, Have Any Sort of Protection? KuCoin is not an exchange for cryptocurrencies that offers you insurance, and as a result, it is unable to provide any sort of assurance about the security of your assets in the event of any possible harmful assaults. The user base of the platform has access to just a hot wallet, and the platform does not store any tokens in cold storage devices at any time.
Is There a Regulator Over KuCoin? In the United States, the cryptocurrency exchange known as KuCoin is not only unlicensed but also unregulated. Nevertheless, the platform possesses licenses from a variety of additional regulatory organizations, including:
The Financial Conduct Authority is referred to as FCA (FCA).
The Securities and Exchange Commission of Cyprus (CySEC).
Should I Go Through the Verification Process for My KuCoin Account? If you are a trader who simply engages in low-volume transactions, verification is voluntary for you. This indicates that, up to a certain extent, you are granted the chance to conduct business in an anonymous manner. However, in 2018, KuCoin did add the Know-Your-Customer (KYC) authentication procedure in an effort to deter criminals who launder money. This was done in order to protect customers from being scammed. However, this is not required of you until your trading volume reaches a particular threshold. Having said that, if your account has not been validated, the maximum amount of Bitcoin that you may withdraw in a single day is 2.
You will only discover a small number of articles and tutorials that cover the fundamentals of the topic, but there is a website devoted to frequently asked questions where you may get material that is somewhat more in-depth. Having said that, the KuCoin exchange does not provide access to any supplementary or particularly helpful educational materials for its users.
If you are interested in the more sophisticated or pro services that this exchange has to offer, you will have access to charting tools such as trend lines, sketching, and a dependable ordering procedure. Backtesting and seeing the history of your previous orders are always available to you whenever you want them. For developers that wish to design bespoke trading bots, for example, there is a REST API in addition to a Websocket feed that is available.
From a customer service standpoint, KuCoin guarantees that all of its clients will have access to 24/7 live chat assistance. In addition to this, there is a page labeled "Frequently Asked Questions" (FAQs) that addresses a large number of the most typical problems that have been encountered by the vast majority of users, and it might provide the answers you need. There are various avenues available on social media that may be used to communicate with the customer support team.
How to Invest in Cryptocurrency Using KuCoin:
Step 1: Go to the KuCoin official website and register for an account.
Make sure you sign up for an account on the KuCoin website.
The second step is to make a deposit into your account. You may do this in a number of different ways.
Step 3: Pick a Trading Pair to Work With
Locate the page labeled "Markets" in the header, then search for the token that you are interested in purchasing, and finally choose the trading pair that is most suitable for your needs. Find the "Buy" box at the bottom of the trading screen.
The fourth step is to make a purchase.
After you have entered the quantity of coins that you are interested in purchasing, be sure to select the option labeled "Best Price." After that, you finish the transaction by clicking the box that says "Buy."
First things first: if you want to sell cryptocurrency on KuCoin, you need to log in to your account there.
Step 2: At the very bottom of the website or app, you will see a section labeled "Open Orders." Navigate to this section.
Step 3: If you are interested in selling cryptocurrencies, choose the coin or cryptocurrency pair that you want to sell.
Step 4: Enter the price that you want to sell the item for as well as the quantity that you want to sell before selecting the kind of order that you want to place. It is possible to place a limit order, a stop-limit order, or a market order with this purchase.
Step 5: To finish the transaction in question, you need to select the 'Sell' button from the available options.
KuCoin makes it possible for novice investors as well as seasoned veterans to participate in the process of buying, selling, staking, and lending literally hundreds of different cryptocurrency tokens using virtually any mobile device. This is made possible by the platform's ability to cater to a wide range of investors' needs. Additionally, there are specialized programs that have been built for both the iOS and the Android operating systems respectively. KuCoin's Lite and Pro trading platforms, which are designed to meet the needs of various kinds of investors, are the company's primary selling points. The first offers a straightforward user interface and straightforward order procedures, while the second gives users access to superior data feeds and graphing capabilities. In addition, traders have access to a leverage of up to 100 times using the platform.
In light of this, although it is not necessary for you to finish the Know-Your-Customer (KYC) procedure, you have the choice to do so. However, the experience will be highly restricted if you do not complete it.
KuCoin, on the other hand, does not offer insurance and exclusively uses hot wallets to keep customer cash. However, despite this, it is incredibly straightforward to use and has costs that are far lower than those of rival exchanges. Keep in mind that conducting in-depth research on your own before to utilizing any exchange is essential, as virtual currencies are very volatile and rules in this space are not standardized.
KuCoin is one of the oldest and most adaptable cryptocurrency exchanges in
the world. It was first introduced to the public in August of 2017. This
cryptocurrency exchange has years of expertise, during which time it has grown,
evolved, and perfected its trading platform and services for all types of
KuCoin, often known as "The Peoples' Exchange," distinguishes itself from the competition by providing its customers with a diverse selection of crypto assets as well as services related to these assets. The number of services offered on the site continues to expand from one year to the next, positioning KuCoin as one of the most cutting-edge cryptocurrency exchanges in the whole globe.
KuCoin has been in business for years, giving it enough opportunity to bolster its platform's security, which it has done. The firm is proud to have implemented some of the most cutting-edge blockchain technology and features, which help to keep their customers' information, funds, and trading operations safe. The following are examples of some of these security features:
Offline Crypto Vaults KuCoin stores the majority of its customers' cryptocurrency holdings in offline wallets that have multiple signatories. These wallets are known as offline vaults. This eliminates the possibility of malicious cyber attacks and provides users with an additional degree of safety when using the platform.
Two-factor Authentication (2FA): The two-factor authentication (2FA) is a security feature that all KuCoin customers have access to. When you have this authentication activated, you will receive notifications and email confirmations whenever someone logs in to your KuCoin account, deposits money into it, or attempts to withdraw money from it.
For an additional layer of protection, KuCoin has also introduced a maximum withdrawal restriction for its accounts at various phases of the verification process. This limit applies to high daily withdrawals.
Withdrawals from unverified accounts are limited to a maximum of two Bitcoins each twenty-four hour period. All that is required of you is to verify the withdrawal using the email address you used to register.
Verified Individual Account: At present point, the maximum amount of Bitcoin that you may withdraw in a period of 24 hours is 100 BTC. In order for you to go to the next step, we require that you present some kind of identification.
Verified Institutional Account: If you have this kind of account, you are able to withdraw up to 500 BTC on a daily basis at most. In order to have access to these sorts of accounts, you will first need to establish yourself as a legally recognized business.
Web Security KuCoin also uses some of the newest cutting-edge technology in web creation and site administration, which helps to ensure the safety of its customers' websites. This guarantees that the KuCoin website is always secured from Distributed Denial of Service (DDOS) attacks.
Why Should You Go with KuCoin? In this part of our KuCoin review, we are going to discuss the platform's most important features, as well as its strengths and the factors that set it apart from the rest of the companies operating in the cryptocurrency sector.
1) Trade More Than 200 Cryptocurrencies KuCoin's platform enables users to purchase, store, and trade more than 200 different cryptocurrencies. This site is a true jewel for crypto traders and hodlers who are interested in trading or investing in small cap coins as a result of the enormous number of cryptocurrency options it provides.
KuCoin presently enables trading in assets sourced from more than 400 different marketplaces, which makes it very simple for the common investor to diversify their portfolio.
On the KuCoin website, you may immediately buy cryptocurrencies using your credit or debit card. Alternatively, you can exchange fiat currency for cryptocurrency. Because of this, it is relatively simple for new traders to begin trading by depositing money into their accounts.
Additionally, KuCoin provides a very active P2P market place for currency exchanges. This community is full of cryptocurrency traders and exchangers who are all trying to make quick cryptocurrency to fiat currency conversions with one another. The United States Dollar, the Euro, the Canadian Dollar, the British Pound, and a variety of other currencies are all acceptable forms of payment.
3) Trading on Margin KuCoin launched its trading on margin service in November 2019, making it one of the platforms it supports. Traders are able to trade with borrowed funds thanks to this service. On KuCoin, other users contribute their own cash in order to provide margin traders the opportunity to leverage their bets. This type of trading can be applied to either long or short positions, depending on your preferences.
The use of money that have been "borrowed" can lead to a rise in profit, but it also has the risk of leading to losses that are greater than the initial investment that was made.
As of the time that this review was written, the KuCoin margin account only permits trading in a maximum of 15 different cryptocurrencies at a leverage of up to 10 times.
4) Futures Trading: Trade the cryptocurrencies of your choosing on the KuCoin exchange with leverage of up to x100. This option is available to you. The trading platform imposes a fee of only 0.1 percent on each transaction, making it one of the most cost-effective options available on the cryptocurrency market.
However, KuCoin does not support exchanging of fiat currency for cryptocurrencies at this time. You can only exchange cryptocurrencies with other cryptocurrencies, however they do provide the stable coin USDT for trading. This reliable coin is linked to the value of the United States dollar.
5) Cryptocurrency to Cryptocurrency Instant Exchange: Do you plan to hold on to your cryptocurrency holdings for the foreseeable future? However, if you use KuCoin's Instant Exchange Tool, they will make this process very simple for you to follow. Utilizing this tool will make the process of converting your existing cryptocurrency balance from one currency to another very simple.
This function is helpful for novices who want to acquire exposure to different currencies in the crypto market but do not necessarily want to trade in such currencies.
6) Lend out your cryptocurrency holdings to others on the KuCoin platform to earn more income. This is yet another opportunity to generate profit on the KuCoin platform. In this hypothetical situation, you play the role of a bank by lending out your cryptocurrency to traders who wish to engage in margin trading. In exchange, you will receive a daily interest rate that is an average of 0.124 percent.
7) KuCoin Users Have Access to a Free Trading Bot KuCoin provides its users with access to a free trading bot that they may employ. This bot will wait for instructions from you on the kinds of deals to make before carrying them out on its own.
You also have the option to duplicate the configuration of profitable bots that were made by other traders using the site. You won't need a deep understanding of the cryptocurrency market to start producing exceptional profits with this strategy.
KuCoin maintains its position as one of the top 40 largest brokers and exchanges in the globe thanks to its user base of over 5 million people who come from over 200 countries and regions. Because of the sheer magnitude of the corporation, there are no concerns regarding its liquidity. On the other hand, we have seen consumers complain about the lack of liquidity in freshly listed jewels and cryptocurrencies with a lesser market valuation. However, even these liquidy scrunches are a rare occurrence.
The KuCoin trading platform has its own coin or share that is referred to as KuCoin Share. KuCoin offers a bonus of 25 percent. On the platform, it is simple to purchase KuCoin coin, to exchange your cryptocurrency for it, and to earn KuCoin coin.
Holding onto this share entitles you to a daily bonus or dividend that is known as the KuCoin Bonus. You will get a bonus equal to fifty percent of the total trading fees that are produced by other traders on the site. The bonus that comes with holding shares will go up in value if the volume and total number of coins that are traded goes up as well.
KuCoin Offers a Number of Reductions About Their Trading Fees KuCoin provides a number of discounts regarding their trading fees. All of these reductions are determined by the number of trades that you execute in a given month.
Due to the stringent restrictions that regulate cryptocurrency trading in the United States, KuCoin does not support traders from those countries. This is a significant fact to keep in mind.
The process of registering for an account with KuCoin is relatively simple, and the company does not ask its users to provide any documentation or go through any verification procedures before gaining access to an account.
If you want to create your own KuCoin account, just use the precise instructions that are provided below as a reference.
You need either a working email account or a mobile phone number in order to verify your code purchases.
Enter your email address or phone number, the verification code that was provided to you, and a secure password that is easy for you to recall.
Simply hit the "Sign Up" button to get started.
After you have successfully finished the sign-up procedure, KuCoin will immediately log you in and take you to the homepage of the website. You will immediately be able to see the choices to either buy cryptocurrencies directly on the site or to send them from your wallet once you reach this point.
Because of this, setting up your account, adding money to it, and getting started trading right away without any delay is incredibly simple and straightforward for you.
Users of the KuCoin platform now have the ability, thanks to the cooperation between KuCoin and Simplex, to make direct purchases with their debit or credit card on the KuCoin platform of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.
This way of depositing funds, however, is not available to citizens of countries that are subject to sanctions. These nations include Iraq, North Korea, Syria, Afghanistan, and Libya.
KuCoin does not levy any fees associated with deposits. If you choose to acquire your cryptocurrency through Simplex, on the other hand, you will be subject to a fee of 3.5 percent for each and every purchase made through Simplex.
When you withdraw Bitcoin from KuCoin, you will be charged a fee of around 0.0005 Bitcoin. When compared with other large cryptocurrency exchanges, this is a touch below the current worldwide industry average, which is 0.000643 BTC per BTC-withdrawal. This is also a bit lower than the previous average.
The following are the steps required to set up your leveraged trading account with KuCoin:
KuCoin gives its customers access to a variety of different marketplaces where they may trade cryptocurrencies; the important question now is which one you should choose. In this review of KuCoin, we are going to discuss the KuCoin Futures Pro trading platform.
You are provided with a trading account in this Futures Pro market, and the leverage on that account may go as high as x100, allowing you to purchase and sell cryptocurrencies of your choosing.
The site does not yet permit the use of demo accounts for trading, as of the time that this KuCoin review was being written. To engage in financial transactions on the KuCoin platform, you will first need to establish an account and add funds to it.
However, there is no minimum deposit requirement on the site, which means that traders may fill their KuCoin account with as little as possible in order to test out the cryptocurrency exchange. To get started on your adventure, click on the link that is provided below.
The web-based Futures pro trading interface provided by KuCoin :
You will be routed to the KuCoin Futures trading interface as soon as you have successfully logged in and selected the Futures Pro option. You are able to initiate trades, close running positions, check your margin and leverage, as well as the order flow and price activity of any cryptocurrency of your choosing on this page.
Users also have access to a variety of chart styles, indicators, and time periods to select from while carrying out their technical analysis and tracking the price of an asset.
Directly from the trading interface, you may fund your futures pro trading account.
If you already have cryptocurrency money stored in one of your KuCoin wallets, you may quickly and simply move those assets from that wallet to your futures wallet, and the changes will be reflected on the interface you use to trade futures within a matter of seconds. A direct purchase of cryptocurrency can also be made from this location using your debit or credit card.
Take note that the only acceptable currency for funding your Futures trading account is USDT.
The user interface for trading KuCoin futures pro includes a number of distinct parts that each present a different kind of information. You are able to actively handle and monitor your deals from this location.
The x100 Leverage on KuCoin: How Does It Work? When you trade on margin, it implies that you may boost your purchasing power and exposure to the market even if you just have a little amount of capital to invest. The increased funds at your disposal, also known as leverage, allow you to place larger wagers because they are provided by the exchange.
However, while trading with a large leverage might possibly help you make more money, it also has the potential to raise the amount of money you lose. As a result, it is essential for you to dedicate the necessary amount of time to learning how the concept of leverage operates. Be sure to educate yourself on the ins and outs of Bitcoin trading before becoming involved with leverage trading.
The following is a walkthrough on how to manually modify your leverage on your KuCoin futures trading account:
Users of the KuCoin Futures platform are able to make manual adjustments to the leverage associated with each contract. You may change the Futures leverage by going to the order entry area and modifying the slider there, or by typing in the leverage you want to use and then clicking on the Confirm button after typing it in.
When it comes to making your first trade on KuCoin, it doesn't matter what sort of trader you are since KuCoin provides a platform that is user-friendly, quick, safe, and affordable all at the same time. You are able to effectively diversify your cryptocurrency portfolio using this platform, as well as trade in very high volumes, scalp, hedge, and engage in algorithmic trading on the platform all at the same time.
In this part of the tutorial, we will walk you through how to place your first trade, how to manage it, and how to record your profit after it is all said and done.
On its futures pro trading platform, KuCoin allows for the trade of more than 200 different cryptocurrencies. To choose your preferred currency, first click on the button that is located above, and then choose your cryptocurrency of preference from the list that appears.
As soon as you select your currency, the other portions of the trading interface will immediately update to provide information relevant to the cryptocurrency coin you want to trade.
You are need to carry out a comprehensive examination of the currency you desire to trade in before you can actually place a deal. KuCoin provides investors with charting software that is incredibly user-friendly and simple to use.
The default trading chart for KuCoin is quite similar to the appearance of any other chart you could see on an exchange trading platform. It is sleek, simple to browse, and user-friendly all at the same time. The user also has access to a large number of customization and personalization tools that may be used to alter the appearance and behavior of the chart.
Before taking a position, users may do an in-depth technical analysis using the platform's multiple built-in indicators and charting analysis tools. These are included as part of the platform's standard features.
On the platform, it is simple for you to develop and import your own own individualized tools, indicators, and EA.
Users get access to one of the most sophisticated cryptocurrency trading platforms available on the market when they trade using KuCoin's Market Orders.
In the case of limit orders, KuCoin gives its users the option to make use of pending orders, which allow them to predetermine their entrance price and exit level in preparation for a significant shift in the market.
Regarding Conditional Orders, the KuCoin platform gives users the opportunity to take advantage of a wide variety of different kinds of sophisticated conditional orders. entering and leaving the market at predetermined points if certain requirements have been satisfied.
When you have reached a certain level of proficiency in trading, the order book is an excellent tool that may come in useful to assist you in better defining your edge in the cryptocurrency market.
You are able to quickly view the current Buy (ask) and Sell (bid) Limit orders placed by market players thanks to this order book, which monitors the flow of orders in the market.
You may then place the trade and monitor your open position from the order management pane at the bottom of the KuCoin trading interface once you have selected the cryptocurrency of your choosing, carried out your technical analysis, chosen your leverage, order type, and your order size.
Utilizing either a market or a limit order will make it simple for you to close any open positions you have on KuCoin at any time. In the case of a market order, after your trade request is processed, your position will be closed immediately. To cancel an order in the position management pane, you need to click the "close" button that is located in front of the order.
You will need to submit a stop loss order together with a take profit order in order to place a limit close order. These are known as "conditional orders," and they become active whenever the price reaches the specified zone.
Yes, KuCoin gives its users the ability to take use of Advanced order types on its platform in order to more effectively manage their running positions.
Good-Till-Cancelled, abbreviated as GTC, refers to an order that will continue to be open unless you take active steps to close the open order.
Immediate-or-Cancel (IOC): This order is intended to be fulfilled immediately at the most favorable cost. If any portion of the order has not been fulfilled after the allotted time, the remainder of the order will be canceled. The execution of a partial order is permitted with this sort of order.
The last type of order is known as the Fill or Kill (FOK) order, and it requires either the full order to be fulfilled at the best possible price or none of it to be fulfilled at all. This is quite comparable to the IOC order, with the key difference being that it does not let partial commands to be carried out in its execution.
In addition to this, you have the ability to select the method by which such orders are carried out. For instance, you have the option of selecting the "Post Only" delivery method for your Limit and Conditional order. This will ensure that the order will be executed as a "market maker" when it is ultimately processed, and that you will profit from the maker fee as a result.
The KuCoin cryptocurrency exchange also provides its customers with the option to trade using their mobile devices when they are out and about. On both the Google Play store and the App Store, you can download the KuCoin mobile app totally free of charge. Users are able to engage in a broad variety of activities thanks to this software, including the following:
Establishing a brand-new account:
Trading over 200+ different cryptocurrencies while you're on the move
Conduct technical investigation with the use of the many different built-in talking tools.
Trading on a total of six distinct periods and making use of three distinct chart styles.
A user interface that is straightforward and simple to browse.
The crew that handles customer care for KuCoin is lightning-quick and has a great deal of industry knowledge. You can expect to have any concerns you have fixed in a fairly rapid way, and this service is available around the clock. There is also a section on the website devoted to frequently asked questions that contains tutorials and articles that are of use.
On the KuCoin platform, you also have the option to engage in real-time conversation with other users. Asking for assistance and having your queries answered through live chat is the quickest way to do either of those things.
Without a shadow of a question, the KuCoin trading platform is among the very best cryptocurrency trading platforms that the market has to offer. It stands head and shoulders above its rivals thanks to its forward-thinking innovations, extensive range of trading products, competitive fees, and lightning-fast execution.
In addition to this, KuCoin has shown over the course of its existence that it is security-conscious and that it would never put its own requirements ahead of those of its customers.
If you are still seeking for a cryptocurrency trading platform to use, then you should consider using this one instead of any other.
If you wish to invest in cryptocurrency, you will almost certainly have to
utilize a cryptocurrency exchange at some time in order to purchase a variety of
KuCoin, which claims that 25 percent of bitcoin holders worldwide utilize its platform, is one of the most popular exchanges in the world. KuCoin provides users with a number of different options for purchasing cryptocurrencies and furthermore provides trading capabilities that are geared at more experienced and active investors.
However, if you are located in the United States, utilizing KuCoin is something of a legal murky area. It is essential to have a complete understanding of everything that the platform provides before selecting it as your preferred exchange.
KuCoin is a prominent cryptocurrency exchange that was launched in the year 2017. The city-state of Singapore was the birthplace of the firm. The Republic of Seychelles is home to KuCoin's headquarters at the moment.
KuCoin is one of the most well-known cryptocurrency exchanges on a worldwide scale, and it has more than 10 million users registered from over 200 different countries. However, due to the fact that KuCoin is not regulated in the United States, it is a less popular alternative for investors based in the United States when compared to other exchanges such as Coinbase and Gemini.
People from all over the world are able to get their feet wet in the cryptocurrency market thanks to KuCoin's global coverage and support for more than 600 different cryptocurrencies and stablecoins. KuCoin is one of the most popular cryptocurrency exchanges in part because it welcomes both inexperienced and seasoned investors equally into its fold.
In addition, the platform comes equipped with a number of features that make it appealing to more active traders as well as anybody who is interested in lending or staking their holdings.
Exchanges such as Coinbase make it possible to purchase bitcoin using monies sent directly from your checking account or with a credit card. Users of KuCoin, on the other hand, have three different options for purchasing cryptocurrencies:
Quick Purchase: Use your Visa or Mastercard to purchase Bitcoin, Ethereum, or USDT.
P2P: KuCoin's peer-to-peer exchange allows users to buy and trade cryptocurrencies directly with one another.
Third-Party: To finish your deal, you may either use the Simplex or Banxa third-party platforms by entering the cryptocurrency you wish to acquire, your preferred mode of payment, and your currency.
The path of trading through a third party offers the most freedom, and it is through this route that you may acquire hundreds of other cryptocurrencies, including as Bitcoin, Cardano, Ethereum, Shiba Inu, and Solana. The fact that this approach allows dozens of different currencies is one of the reasons why KuCoin is so widely used all around the world.
In addition, investors are able to use a credit card or debit card to deposit fiat cash like as US Dollars, Australian Dollars, Canadian Dollars, British Pounds, and Euros into their KuCoin accounts.
On the other hand, if you want to acquire a cryptocurrency that is not immediately accessible for purchase on KuCoin, you will first need to acquire a cryptocurrency that is on the market, and then you will have to trade it in for the cryptocurrency that you want. In light of the fact that KuCoin supports over 600 different cryptocurrencies and stablecoins, it is occasionally necessary to go through a two-step process in order to acquire the asset that you want.
You immediately get access to a large number of trading tools when you sign up for a KuCoin account, which is one of the platform's primary advantages. To begin, spot trading gives users the opportunity to purchase and sell a variety of cryptocurrencies at current market prices.
It is important to keep in mind, however, that the majority of the trading options you have are trading pairs, which means that you are exchanging one cryptocurrency for another. If you use KuCoin, for instance, to engage in spot trading of Bitcoin, you will have the ability to exchange any Bitcoins that you possess for any one of hundreds of other cryptocurrencies.
KuCoin allows you to engage in futures and margin trading if you're interested in taking things to the next level. The maximum leverage available in margin trading is 10x, whereas the maximum leverage available in futures trading is 100x. This results in a big rise in your purchasing power, but it is also very hazardous if you are new to trading, thus it is not something that novice crypto investors should try out.
Last but not least, the KuCoin Trading Bot is a free service that customers may utilize to assist them save time and effort when they are trading. It is the same as setting up a bot butler that can handle all aspects of your trading strategy around the clock. There are currently over 6 million trading bots built to assist investors in their trading activities.
KuCoin has a number of distinct categories for its bots, some of them are designed for swing trading while others may rebalance your account and make long-term investments. Using a bot is not a foolproof way to make money, but KuCoin is one of the few cryptocurrency exchanges that offers this functionality, which sets it apart from many of its competitors.
The fact that KuCoin is accessible to users all over the world and provides a diverse set of trading tools is its key selling point. KuCoin has a number of choices, however, if you are interested in earning a passive income via the ownership of cryptocurrency.
You may earn interest on your loan by, for instance, lending out any of the more than 160 cryptocurrencies and stablecoins that are supported by KuCoin. This operates in a similar fashion to sites such as BlockFi and Celsius, which allow you to deposit cryptocurrency in exchange for interest.
Loan lengths of 7, 14, and 28 days are all available through KuCoin. You will also choose the loan-to-value (LTV) ratio that is required of you, in addition to the amount of cryptocurrency that you will be lending. The daily interest rate calculator that KuCoin provides demonstrates how much you earn, and the returns on cryptocurrency lending may frequently exceed 10 percent or even more, depending on the asset you're lending and the total loan risk.
If that wasn't enough, KuCoin also enables you to earn rewards by staking several Proof-of-Stake (PoS) cryptocurrencies like as ADA, HYDRA, and DOT. The traditional method of staking is keeping your cryptocurrency offline for a certain period of time in order to assist in the validation of blockchain transactions. KuCoin, on the other hand, utilizes Soft Staking, which enables users to put bitcoin into staking pools and then withdraw their funds at any time.
That is a significant amount of jargon. To summarize, KuCoin staking gives you the opportunity to earn daily interest on a number of different cryptocurrencies. Additionally, yields have the potential to be extremely remarkable and potentially surpass 10 percent on a yearly basis.
Last but not least, KuCoin has two mining pools dedicated to Bitcoin and Ethereum. You would be required to set up a mining account with KuCoin, because mining requires a significant amount of power on a global scale. However, by providing hashrate to a KuCoin mining pool in this manner, one can earn more Bitcoin and Ether as a reward. Just be sure that the expenses of the energy used and the pressure on the hardware of your system do not outweigh the benefits.
In 2017, KuCoin introduced its own own cryptocurrency in the form of the KuCoin Token (KCS). This coin is a way for rewarding those who have stake in the project. And the more KCS you hold, the more benefits you unlock for yourself.
The following are some of the advantages of holding KCS:
Holders of KCS are entitled to a daily dividend equal to fifty percent of KuCoin's daily trading fees.
KuCoin users are eligible for a reduction on their trading costs.
More Options for Trading KuCoin offers a wider variety of trading pairs that may be used with KCS.
One of the primary advantages of owning KCS is the ability to take advantage of trading charge reductions, and when you pay trading fees with KCS, you are entitled to a discount of twenty percent.
When compared to other exchanges, KuCoin's transaction fees are among the most competitively priced you'll find anywhere. This is one of the primary benefits of utilizing KuCoin.
The standard transaction cost for trading on KuCoin is only 0.10 percent, and the platform utilizes a maker/taker model for its business model. In addition, the more trades you make during a 30-day period, the cheaper the costs associated with those trades will be.
In a nutshell, the trading costs on the KuCoin exchange are among the lowest of any exchange. However, depending on the form of payment you employ while purchasing cryptocurrency with KuCoin, you may be subject to additional costs. KuCoin doesn't impose deposit fees itself, though.
Even while KuCoin is one of the most widely used cryptocurrency exchanges all over the world, it is not your only choice. In addition, due to the lack of know your customer (KYC) standards, investors from the United States should proceed with caution while dealing with KuCoin.
You may join up for KuCoin using either your email address or your phone number. After signing up, you will not be required to complete any more KYC criteria in order to make deposits, exchange currency, or even engage in margin trading.
However, completing KYC verification raises your daily withdrawal limit, enables you to trade futures, and raises your overall trading limit for the day. Here is where things become complicated for investors from the United States.
The United States is not a selectable nation of residence during the Know Your Customer (KYC) verification process. Because of this, utilizing KuCoin as an unconfirmed user in the United States is something of a gamble. What should you do if the need to withdraw your cryptocurrency balance comes up all of a sudden, yet your daily withdrawal limit is low?
Because of this limitation in the United States, KuCoin is a fantastic cryptocurrency exchange for users in other countries, but it is not the ideal option for people living in the United States. If you are located in the United States, the best options for cryptocurrency exchanges include Coinbase, Gemini, and Kraken.
Users of KuCoin have access to a number of security measures that are designed to keep their accounts safe, such as Google's two-factor authentication, separate passwords for trading and withdrawals, and mobile binding, which ensures that your account will remain safe even if you use the KuCoin app.
KuCoin also collaborates with Onchain Custodian, a cryptocurrency custodian that is situated in Singapore. Lockton is an insurance company that protects funds against being stolen or hacked. In addition, KuCoin follows a standard best practice for the safety of cryptocurrency exchanges and places a percentage of its customers' assets in cold storage. Last but not least, KuCoin has an ongoing bug bounty program that will compensate users who report bugs and security problems up to $10,000 worth of KCS for their contributions.
It is a fact that KuCoin was the victim of a hack in September of 2020, at which time assets worth 285 million dollars were taken. Eventually, around 240 million dollars was recovered, and KuCoin compensated affected customers for any additional losses they sustained. In the end, the fact that KuCoin has insurance and was able to make repairs after a breach is a hint that things are looking up for the cryptocurrency exchange. However, the fact that cryptocurrency worth $285 million was able to be taken from the exchange in the first place (even if only momentarily) may nonetheless raise worries about the security methods utilized by Kucoin.
When it comes to investing in cryptocurrencies, the bottom line is that you should never let your guard down and always take security into your own hands. This implies turning on additional layers of protection, such as two-factor authentication. It also means keeping your cryptocurrency off of an exchange and instead storing it in a personal cryptocurrency wallet, such as the Ledger hardwallet. This will ensure that your bitcoin is kept in a safe environment.
KuCoin is not distinguished from other cryptocurrency exchanges in terms of the quality of its customer care. There is no phone number that you may contact, but you can make a request by clicking on this link or sending an email to tech support at firstname.lastname@example.org. They also state that they are available around the clock, however everything is handled through requests or emails.
The majority of KuCoin's Trustpilot customers have left unfavorable ratings, and the cryptocurrency exchange is presently rated 1.8 out of 5 stars across the board on the review platform. If you do have any problems while using KuCoin, your best bet for a speedy resolution is generally to solve the problems on your own with the assistance of the company's Help Center.
The absence of know-your-customer (KYC) authentication on KuCoin should raise a red signal for anyone living in the United States. Alternatives, such as Coinbase, are a preferable choice since you do not want to find yourself in a situation in which your trading restrictions are reduced or in which you are unable to withdraw your bitcoin.
KuCoin, on the other hand, is appealing to consumers on a global scale owing to the minimal fees it charges, the trading tools it provides, and the incentive alternatives it offers. The user interface may be difficult to grasp for those who are just starting out. However, KuCoin is a sturdy exchange that is considered to be one of the greatest solutions for those who do not reside in the United States.
You are able to purchase, sell, and trade a wide variety of cryptocurrencies by using KuCoin, which is a third-party cryptocurrency exchange. It was established in May of 2017 by a team of seasoned business professionals who had previously worked on initiatives such as Ant Financial and iBox PAY. The team also worked on the creation of the company. One of the most recent cryptocurrency exchanges to enter the market is known as KuCoin.
The creators wanted to build a platform that was easy to use and secure so that individuals from all over the world could use it to trade various digital currency with one another. They have the long-term goal of being one of the top 10 biggest exchanges in the world, and they have the aim of accomplishing this goal by the year 2022.
Since it first opened for business, the KuCoin exchange has not been plagued by any significant issues, and in general, the platform does not struggle with any form of system overload. Access to the KuCoin platform may now be gained via a desktop computer, in addition to being available via the KuCoin app for mobile devices running Android and iOS.
It was stated at the beginning of 2018 that the number of KuCoin users exceeds one million. However, when compared to other major exchanges like as Binance, their typical daily trading volume is far lower.
As I was writing my evaluation of KuCoin, I came across another interesting fact: the exchange really has its own cryptocurrency, and it's called KuCoin Shares (KCS)! KuCoin users are eligible for a reduction on their trading costs if they own KCS coins.
More than 300 different trading pairs are available to use on KuCoin as of the time this article was written. A common example of a trading pair is the notation BTC/ETH, which stands for the exchange of Bitcoin for Ethereum. They support more than 75 different cryptocurrencies overall, and they are constantly expanding the number of coins they do support.
This list contains the majority of well-known cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, in addition to a few coins that are less well-known but are nonetheless considered to be among the top cryptocurrencies. These coins include VeChain and Lympo.
If you are interested in purchasing cryptocurrencies from the very beginning of their trading adventure, KuCoin is an excellent exchange to use because it appears to be quite popular for newly launched cryptocurrencies that have successfully concluded their initial coin offerings (ICOs). The company's founders have stated that KuCoin's ultimate goal is to support more than a thousand distinct cryptocurrencies by the end of 2018.
Since its start in August 2017, KuCoin has been providing its customers with outstanding service, which has contributed to the company's rise to become one of the most prominent and well-known cryptocurrency exchanges. It shouldn't come as much of a surprise that traders prefer the exchange because it provides access to more than 400 different marketplaces and more than 200 different cryptocurrencies.
KuCoin is favored by traders in particular since the exchange is known to include a number of lesser-known cryptocurrencies that have enormous unrealized potential upside. They also value the extensive selection of coins that can be traded, as well as the possibility to earn additional cryptocurrency and reduce transaction costs by using KuCoin Shares (KCS) tokens.
As was said before, KuCoin has developed into one of the largest cryptocurrency exchanges in the world, and the company brags that one out of every four people who own cryptocurrencies does so through KuCoin. KuCoin has built an impressively comprehensive set of tools and services in order to better serve its customers, which number over 6 million and are still growing. The following is a list of some of those distinguishing characteristics:
You may buy and trade more than 200 different cryptocurrencies. KuCoin, which is regarded as one of the leading cryptocurrency exchanges on a worldwide scale, makes a wide variety of cryptocurrencies available to its customers.
Reduced costs. Even before taking into account the incentives and reductions that are offered, KuCoin's trading costs are already among the lowest in the industry.
You may purchase cryptocurrency using a fiat currency such as USD, EUR, CNY, GBP, CAD, or AUD. KuCoin provides users with the ability to purchase cryptocurrencies using more than 50 different fiat currencies and a range of payment methods, including as debit and credit cards.
Excellent client assistance. Clients can obtain help via numerous routes 24/7.
security on par with that of banks KuCoin protects users' accounts and assets from intrusion by hackers and other malicious actors via a variety of different security mechanisms.
Futures trading and trading on leverage. One of the earliest cryptocurrency exchanges to provide margin trading and futures was Kucoin.
Make money using cryptocurrencies. Kucoin provides services like as lending and staking that make it possible for users to earn income on their cryptocurrency holdings.
Platform that is simple to use even for novices. The KuCoin trading platform was developed with the goal of providing new traders with the easiest possible experience.
Automated trading systems Trading may be automated, allowing you to profit from markets around the clock, even while you are asleep.
Designed specifically with mobile trading in mind. KuCoin is aware that cryptocurrency traders are equally busy and frequently move about. They back this up with applications for mobile devices that are completely functioning.
In a nutshell, KuCoin is the kind of exchange that is perfect for traders of all skill levels and approaches to the market. In addition to providing a diverse selection of coins and tokens, traders also have access to futures trading and margin trading. A high level of liquidity ensures that spreads remain narrow, and fees are consistently very cheap. In addition, KuCoin does not insist on users undergoing KYC checks, making it a perfect option for anyone who are concerned about maintaining their privacy.
The original members of KuCoin's founding team began working with the nascent blockchain technology in 2011, which is when KuCoin was initially introduced in August of 2017, although the company itself has a lengthy history dating back to 2011. The real architecture of the platform was created in 2013, but the team delayed the introduction of KuCoin for several years, waiting until they were able to polish it into the greatest version of itself before going through with the launch.
Once it was available to the public, KuCoin rebranded itself as "The People's Exchange" by placing a significant amount of importance on the quality of the user experience. Immediately following its introduction, KuCoin conducted an initial coin offering (ICO) to gather cash for continued development. The ICO ran from August 13, 2017 through September 1, 2017.
There aren't all that many exchanges that can legitimately call themselves "The People's Exchange." Image courtesy of the KuCoin Blog.
The initial coin offering (ICO) was for the KuShares token, and its ticker symbol is KCS. This utility token may be used on the exchange as a means of gaining access to trade discounts and bonuses, sharing in the profits of the exchange, and receiving special offers. It also has the ability to be staked in order to generate yield. The initial coin offering (ICO) was a huge success, as it was able to collect BTC worth $20 million, and the exchange distributed 100 million KCS.
KuCoin started out as a small operation, but it has now expanded into a worldwide powerhouse that employs more than 300 people in locations all over the world.
After its initial introduction in 2017, KuCoin's most significant year of development and advancement occurred in 2019, when the company updated to the 2.0 version of its platform that is now in use. This took place in February of 2019, and it was a fantastic way for KuCoin to get the new year started off well. The upgrade to version 2.0 introduced a new application programming interface (API), enhanced order kinds, a clearer UI, and a great deal of additional enhancements. Despite this, 2019 continued to bring about gains in other areas as well.
The debut of KuMEX, which has now been renamed as KuCoin Futures, took place in June of 2019. Due to the very positive response, the exchange decided to roll out margin trading with a 10x leverage a little later in the year.
A whole rebranding took place as a direct result of an improvement made to smart contracts. Image courtesy of the KuCoin Blog.
KuCoin maintained its rapid expansion and progress right up until the year 2020. It also introduced KuCloud as a white label solution for others to construct a world-class cryptocurrency exchange; however, the service has since been abandoned. Additionally, it added the Pool-X Liquidity Market, which enabled traders to stake coins and receive yield.
A number of other significant feature introductions occurred in the year 2020, including an immediate exchange service that made it considerably simpler for novice users to trade cryptocurrencies. And all along that period, KuCoin was also hard at work supporting additional fiat currencies and developing support for new cryptocurrencies. Additionally, the launch of the P2P marketplace in June 2020, the acceptance of transactions made via Paypal, and the inclusion of permitting crypto purchases using debit and credit cards all contributed to make the acquisition of cryptocurrency simpler.
As a result of the company's expansion over the years, KuCoin today has users in almost every country on the planet and offers its services in nearly all of those nations, including Australia, Canada, Japan, the United Kingdom, India, Singapore, and a great number of other countries and regions. And in order to better assist customers from all of those countries, KuCoin has made its website available in a total of 19 distinct languages. These include, in addition to English, a number of languages spoken in Europe, a number of languages spoken in southeast Asia, Russian, Chinese (both simplified and traditional), Hindi, and Arabic.
Let's move on to the details now that you're familiar with the fundamentals of KuCoin and its background. In the next sections of this review, we will take a more in-depth look at a number of the platform's features, including how to create an account and trade, the KCS token, and more.
If you wish to engage in trades with KuCoin, the very first thing you will need to do is sign up for an account with the platform. In addition to being quite easy to do, it will not require a significant amount of your time.
To get started, visit the KuCoin website on your web browser. You'll find a selection of buttons in the top right corner of the screen. One of them says "English," and you can click that to change the language of the website; however, the one that says "Sign Up" is the one that we are particularly interested in right now. When you click that, you'll be taken to the page where you can register for KuCoin, which, as you'll see in the following paragraph, is very straightforward.
There has never been a time when it was simpler to sign up for a cryptocurrency exchange. Image courtesy KuCoin.com
Note that you may join up for the service by providing either your email address or a mobile phone number. Alternatively, you can use both. The sign up process using a cell phone number is depicted in the image that is displayed above; however, if you would rather sign up using your email address, you may do so by clicking on the word "Email" instead.
Both approaches accomplish the same thing. To receive a verification code, you will need to enter either your email address or your cell phone number and then click the green button on the right. When you have that information, proceed to input it into the form along with a password of your choosing. If you have a referral code, you may also add it if you have it. After that, you need to click the "Sign Up" button, which is a green button located at the very bottom of the form.
If all of the information on the form was input correctly, then that is all that is required. You will then be greeted with a warm welcome to the KuCoin platform before being entered into your brand-new account. You are free to either make a deposit of some of your own bitcoin from an external wallet or purchase some cryptocurrencies using a debit or credit card or one of the other accepted payment methods. If you choose the latter option, you can then immediately begin trading. Within a matter of seconds only. There aren't too many cryptocurrency exchanges that we're aware of that can get you enrolled and ready to trade in such a short amount of time.
After a brief period of time spent registering, KuCoin warmly welcomed us into the world of cryptocurrencies. Image courtesy KuCoin.com
Once you’ve added coins to your account you should probably take a few minutes to secure your account by entering the “Account Security” section of your profile and setting up two-factor authentication, the various anti-phishing phrases, and a trading password that’s different from your login password.
Additionally, this is a good time to start the Know Your Customer procedure
(KYC). Even though providing KYC information to KuCoin is not necessary in order
to trade with the platform, doing so does provide some benefits, like enhanced
withdrawal limits, greater trading limits, and the opportunity to use KuCoin's
fiat-to-cryptocurrency conversion facility. It is also recommended by the
exchange that you go through the KYC procedure so that you may speed up the
process of recovering your account in the event that you lose your login
credentials or if the account is ever compromised.
To assist in the fight against global terrorism and the laundering of illicit funds, KuCoin implemented a Know Your Customer (KYC) verification procedure on November 1st, 2018. Even if you don't complete the Know Your Customer verification at KuCoin, you are still allowed to make deposits, trades, and withdrawals. This is because the process is fully voluntary. In point of fact, the vast majority of small traders won't be required to go through the KYC verification procedure. This is due to the fact that the withdrawal and trading limitations on an unverified account are large enough that it won't be an issue.
You are the one who decides if it is worthwhile to complete KYC. Image through KuCoin Help Center.
Your KuCoin account can have one of three different degrees of verification, as you can see above.
Unverified is the most fundamental type of account, and it is the one that is generated immediately after you sign up. A working email address or a cell phone number is all that is needed to complete the registration process.
At the first stage of the Know Your Customer process, known as KYC1, you will be asked to provide the identification number from a government-issued document, such as a driver's license or passport. Although it does not raise your maximum withdrawal amount, it does provide you access to businesses that allow you to trade fiat currency for cryptocurrencies.
The maximum amounts that may be withdrawn and traded are dramatically raised if KYC2 is enabled. The front and back of your identification paper are required to be uploaded. In addition to this, you are required to provide a photo of yourself along with your identity document (including a portrait photo), as well as a handwritten note paper that is marked with a signature dynamic code that has been generated specifically for your account, along with the date that has been written by hand, and you must ensure that both your face and the identity information are legible.
In addition to these several degrees of authentication, businesses also have the option of establishing an institutional account with the platform.
It will be to your benefit to fulfill the KYC criteria if you want to do so. Image courtesy KuCoin.com
The Know Your Customer (KYC) verification is not necessary by KuCoin, but it is strongly suggested. This is because the KYC information is utilized in the case that a customer wants to reclaim their account for any reason. Once it is made accessible, the ability to swap fiat currency for cryptocurrency and trade cryptocurrency for fiat currency will also require it.
KuCoin has, as of June 2020, entered into a strategic partnership with Chainalysis, a company that specializes in crypto surveillance and chain analytics, in order to deliver an even higher level of compliance and security.
When picking an exchange, one of the first considerations that traders give attention to is the cost of the trading fees that will be incurred by them. The fact that these charges are imposed on each and every transaction means that they may mount up very fast. The excellent news is that KuCoin, when compared to other large cryptocurrency exchanges, offers some of the lowest fees that can be discovered. In addition, the price structure is clear, uncomplicated, and simple to comprehend, so there is no ambiguity over the total amount that you will be responsible for paying in fees.
Since spot trading is the service that customers utilize the most, we will begin by discussing the expenses associated with spot trading. When first getting started in trading, the costs for making and taking trades will both be set at 0.1 percent, as seen in the chart below. This applies to both makers and takers. On the other hand, there are a few different approaches to reduce such costs.
One way is through your total trading volume over the past 30 days. Keeping your KCS tokens for at least a month is still another method, and it's one that's quite simple to implement. You also have the option of using those KCS tokens as a form of payment for your fees, in which case you will receive a substantial reduction in those fees.
Excellent service prices, made more better by the ability to pay with KCS. Image courtesy KuCoin.com
There is also the previously stated institutional investor accounts, through which businesses and other organizations are able to obtain considerable reductions in their trading costs.
Even before any reductions are implemented, traders have discovered that the fundamental costs charged by KuCoin compare favorably with those charged by other large exchanges. For instance, the costs are the same as what is charged by Binance, and the discounts are likewise the same as what is offered. The cost of 0.1 percent that is charged by KuCoin is just half of what is charged by Bittrex, and it is quite close to what is charged by Poloniex. HitBTC does offer a lower base fee than KuCoin, which is 0.07 percent, however this does not even begin to account for the discounts that are available at KuCoin.
As you can see from the chart that follows, the fees for trading futures at KuCoin are also fairly competitive, and they come with reductions based on the amount of transaction volume conducted over a period of 30 days or the amount of time spent holding KCS tokens for a minimum of 30 days:
Fees for futures trading are also excellent. Image courtesy KuCoin.com
Adjustable futures funding costs are something that KuCoin Futures offers its customers. The loan rate for USD/USDT, which adjusts for the respective financing rates and can either be positive or negative depending on the situation.
As a result of this adjustment, the difference in the lending rate between the base currency and the quote currency of the perpetual futures funding rate will change from 0.030 percent to 0 percent, which indicates that the funding fee of KuCoin's perpetual futures will become zero during normal time periods. The financing for KuCoin Futures takes place at 04:00, 12:00, and 20:00 UTC every eight hours.
Deposit and withdrawal fees at KuCoin are the last costs you need to take into consideration. No matter what currency is being used, deposits do not cost anything and there are no associated fees. To withdraw cryptocurrencies, however, you will be subject to fees, the amount of which will vary depending on the cryptocurrency that is being withdrawn. These costs are almost entirely attributable to the various cryptocurrencies' insistence on charging network fees. There are no fees associated with withdrawing either NEO or GAS.
The costs for withdrawals are as minimal as they possibly may be. Image courtesy KuCoin.com
As a result of the withdrawal costs being linked to the network fees, you will notice that the majority of the time, the withdrawal fees on KuCoin are identical to those on Binance. The withdrawal costs for many cryptocurrencies are listed above, although this is just a tiny sample of them. You'll find the complete list right here.
One last thing to take into account is for those people who are thinking about acquiring cryptocurrency utilizing traditional money. KuCoin provides support for a number of different ways to accomplish this, including their Fast Buy tool, P2P, and connections with Simplex and other services of a similar nature. The fees that are associated with these transactions will be different depending on the mode of payment that is used; nevertheless, in no circumstance should they surpass 7 percent.
The volume of daily network activity associated with a particular cryptocurrency may also cause fees for that cryptocurrency to shift in value. In general, Simplex levies a fee of 3.5 percent, but Baxa is rumored to add between 4 and 6 percent to the total value of the transaction. When making purchases on the P2P market place, users will be subject to fees that are entirely determined by the payment method and the rates charged by the processor; therefore, prospective users of the P2P market place need to keep this fact in mind when making use of that particular platform to buy or sell cryptocurrencies.
Taken completely KuCoin is one of the cryptocurrency exchanges that offers some of the most competitive trading fees currently on the market. It would appear that Binance is the largest competitor in terms of costs, and when compared to each other, the two have extremely comparable price structures, regardless of whether you are discussing fees for spot trading, futures trading, or withdrawals. Both also provide additional savings for those who are in possession of their native utility tokens, and such discounts are extremely comparable to one another.
As was already indicated, KuCoin Tokens (KCS) are the native utility cryptocurrency of the KuCoin exchange. They may be purchased with KuCoin. They were distributed via an initial coin offering, which served as a means of funding the subsequent development of the exchange following its launch in August of 2017.
There were a total of 200 million KCS generated, all of which were either sold to investors or issued to the original founders of the exchange as well as early private investors. The funds that were granted to the company's founders and early investors are subject to lockup periods of either two or four years, the latter of which will expire on September 2, 2021.
Note that KuCoin Tokens were once known as KuCoin Shares when they were first introduced, but they were renamed after the KCS Smart Contract was upgraded in January 2021, so as to correspond with the new name of the cryptocurrency. Aside from the shift in branding, not much else has changed, and holding KCS tokens still confers holders with access to a variety of perks and privileges.
The original name of the company, KuCoin Shares, is where the ticker KCS came from. Image courtesy KuCoin Blog.
All of the following privileges are available to anyone who have a KCS:
Receive daily payouts in the form of bitcoin, which represent fifty percent of the total trading fees earned.
Receive a reduction in your trading charge (min. 1000 KCS for 1 percent discount; max 150,000 KCS for 95 percent discount). In order to compute the appropriate discount rate, the system does a quick inventory check on the KCS holdings of users every day at 00:00 (UTC +8).
More trading pairings, include Bitcoin, Ethereum, Litecoin, USDT, Ripple, NEO, EOS, and Counter-Strike: Global Offensive.
Enjoy benefits and privileges that are only available to KCS cardholders.
Through the process of staking, holders of KCS tokens are eligible to receive fifty percent of each day's total earnings generated by the exchange. For instance, if you own and stake 10,000 KCS and KuCoin collects 20 BTC in trading fees (0.1 percent of daily trading volume), then you would earn 0.001 BTC converted to KCS each day. This is calculated as follows: 20 times fifty percent of the amount collected (10000/100000000). It is important to note that you must bind Google verification or phone number in addition to holding a minimum of 6 KCS.
Users also have the opportunity to earn rewards by bringing new users to KuCoin. When the person you referred makes a deposit and trades, you will earn a bonus equal to twenty percent of the trading costs the referred member incurs for as long as they remain a member.
It is really nice of you to donate ninety percent of your revenues to the local community. Image courtesy KuCoin Blog.
When taken into account, the incentives provided by KuCoin return ninety percent of the fees charged for trading to the community.
The trading platform offered by KuCoin was developed with user friendliness as a primary focus. Whether you have prior expertise trading cryptocurrencies or are just starting out, you will discover that the platform is uncomplicated and simple to grasp at any level. This applies to each and every component of the KuCoin website as well as the account interface. It continues all the way to the support and frequently asked questions websites.
In addition to this, the trading platform makes use of a sophisticated trading engine that is able to process millions of transactions every single second. KuCoin has also maintained its former trading interface, giving you the ability to toggle between the two so that you may use whichever one best suits your needs. It's the same as having access to two different trading platforms.
The KuCoin platform is both very effective and simple to use. Image courtesy KuCoin.com
Although there are various ways to trade and profit at KuCoin, the spot trading platform, which can be seen above, continues to be the most essential and the one that sees the most heavy use. You may trade and exchange over 200 different cryptocurrencies here, with the expectation of making a profit on each transaction while paying costs that are no more than 0.1 percent.
The process of making a deal is quite easy to understand. To get started, navigate to the top of the page and select the 'Markets' tab. This will lead you to a comprehensive list of all of the trading pairs that are currently offered by KuCoin. You may either scroll through the list or use the search tool to zero down on a particular set of options there. When you click on the pair, you will be sent to the platform interface, where you will see the charts and the order book.
TradingView is the provider of these charts, which also contain other sophisticated tools for conducting technical analysis. In addition to the trading tools, the trading screen provides access to all of the following information, including but not limited to:
A window for putting orders to purchase (in green) and sell (in red) (red). The following order types are currently supported by KuCoin: Limit, Market, Stop Limit, and Stop Market. Additionally, you have the ability to select additional order features such as Post-Only, Hidden, or Time In Force (Good Till Cancelled, Good Till Time, Immediate Or Cancel, and Fill or Kill) in accordance with the trading tools and strategy that you are using.
The Markets window enables you to quickly move between the many trading pairs available. In addition, KuCoin's margin trading gives users access to markets that have a 10x mark.
A record of all open buy and sell orders is contained within the order book.
Recent transactions is a window that gives you the option to view either the most recent deals in the market or the depth of the market.
Your currently active orders, stop orders, order history, and trading activity will all be displayed here.
Despite the fact that the trading platform appears to be incredibly crowded and can be perplexing to novice traders who are not experienced with this kind of trading interface, seasoned traders should have no trouble navigating their way rapidly through the platform. New traders may spend some time learning about the various functions and features that are offered, and they should also be able to get the hang of things relatively fast.
Dealing while on the move. Image from the Google Play store.
The trading platform is both strong and easy to use, and for those who would rather trade on the move, there is also a mobile app that can be downloaded for free on Android and iOS devices respectively. It is simple to download, and once installed, it will synchronize with your account. This means that any orders that you place while using the web-based version will also be visible on the mobile app.
In the middle of 2019, KuCoin debuted its futures market under the name KuMEX. Subsequently, the site was renamed to be more clearly recognized as KuCoin Futures. Users of the platform have the ability to trade a variety of margined contracts, such as Bitcoin, Ethereum, Cardano, and BNB, with leverage that may go as high as 100 times.
Additionally, it enables short selling, which comes in particularly helpful during bad markets. The platform is offered in two different versions: the Lite edition is designed for novice futures traders, while the Pro version is tailored to users with greater expertise.
Futures trading made easier, without sacrificing any of its potency. Image courtesy KuCoin Futures.
The Pro Futures platform not only gives traders access to more than 50 different perpetual futures contracts on a wide variety of coins and tokens, but it also provides additional insights into the futures markets and a more powerful trading and analysis interface. Traders can choose from a wide range of cryptocurrencies.
a huge increase in both power and token futures. Image courtesy KuCoin Futures.
The underlying spot price is determined by KuCoin Futures by using the weighted price average from many different exchanges such as Kraken, Coinbase Pro, and Bitstamp.
The KuCoin Futures exchange has provided a guide for beginners as well as a guide for individuals interested in learning more about perpetual contracts for people who are interested in learning more about utilizing KuCoin Futures.
A competition known as the Futures Brawl has been going on since August of 2020. As of April 2021, if you win the Brawl championship, you will be eligible to get an iPhone 12 and one bitcoin as a prize. This game is becoming more and more popular.
Participate in a friendly round of competition while perhaps picking up some valuable prizes. This image was provided by the KuCoin Futures Brawl. Let's Battle!
It's not a complicated idea at all. After determining how many USDT you are willing to stake in the competition, the next step is to pick whether you will go Long or Short on the price of Bitcoin. If you make a correct prediction, the algorithm will pair you up with an opponent, and if you make an incorrect prediction, you will receive no points. The quantity of points grows both when you make higher wagers and when you are winning a string of consecutive games in a row.
These prizes are well worth the effort required to get them. This image was provided by the KuCoin Futures Brawl.
You are allowed one brawl every day, and there is also something called a "Wheel of Fortune" that you may spin once per day to gain an additional point increase.
When you trade with KuCoin, you will also receive access to another one of their fantastic services known as margin trading. Because of this, you will have the ability to go long or short on more than one hundred distinct pairings with leverage of up to ten times. This indicates that you can manage currency worth $10,000 with only $1,000 of your own cash if you want to do so. On the platform, margin pairings may be recognized by the presence of a little green '10x' symbol next to the trading pair in question. You also have the option to restrict the list of pairings to see only those that are compatible with margin trading.
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A little margin may have a significant impact on the amount of money you take home. Image courtesy KuCoin.com
On the opposite end of the spectrum from futures contracts, margin pairs are traded on the spot market. You will be able to pick margin trading pairs and trade orders with margin directly on the exchange using the interface. Before you are allowed to make any margin trades on KuCoin, you are needed to activate margin trading and agree to the terms and conditions of the platform.
The P2P marketplace is another another outstanding option offered by KuCoin, and it enables users to retain an even greater level of anonymity by trading off exchange with other people. The marketplace enables users to engage in direct transactions with one another for the purpose of acquiring BTC, ETH, USDT, KCS, and USDC.
P2P transactions can be an efficient way to acquire and trade cryptocurrencies. Image courtesy KuCoin.com
Although the marketplace is compatible with a variety of payment procedures, ACH transfers and PayPal are by far the most common and widely used. The marketplace is also compatible with a broad range of currencies, including US Dollars, Canadian Dollars, and Chinese Yuan, among others. The fact that users are needed to perform KYC verification on their KuCoin account before using it is one of the drawbacks of the P2P marketplace. This kind of negates the purpose of utilizing a P2P marketplace, which is to maintain their anonymity. It's possible that this is the reason why there were so few orders put there.
Even if you don't feel like dealing with the complexities of the trading interface, you can still utilize KuCoin to complete transactions by taking advantage of the Fast Buy option. Users may acquire Bitcoin, Ethereum, and Tether with less effort and at a reasonable cost using this platform, which functions more like a broker than an exchange.
Purchases of cryptocurrencies that are quick and simple. Credit for the image goes to KuCoin Express.
Over a dozen widely used fiat currencies may be used to purchase cryptocurrencies, and users have the option of either sending their newly acquired cryptocurrencies to the KuCoin platform in order to trade them, or just sending them to their own wallets if that is what they would prefer.
KuCoin provides its users with a number of applications that may be utilized to lend or stake coins in a secure environment and earn income, as opposed to merely having the coins remain dormant in a wallet. We have already noted that customers who hold KCS on the exchange are eligible for daily prizes for doing so; nevertheless, the exchange also provides users with the opportunity to participate in three other earning schemes. KuCoin Lend, Pool-X, and Soft Staking are their respective names. Let's take a more in-depth look at each one of them, since, after all, who doesn't enjoy earning money in their spare time?
This service, as its name suggests, gives you the opportunity to earn interest on your digital assets by lending them out to other users of the site to assist in funding margin trading. When we looked, the annualized interest rate was as high as 73 percent for many of the coins, but USDT had loans with annualized rates as high as 730 percent! There are currently 68 different coins that can be lent out, and the annualized interest rate was as high as 73 percent for many of those coins.
Why let your money sit around doing nothing when you might be earning interest on it? Image courtesy KuCoin.com
Even though that is laughable, we haven't heard any accounts of individuals losing their coins as a result of lending, which suggests that this may be an excellent way to earn passive income. The loans might have terms that run for a period of seven days, fourteen days, or even twenty-eight days.
Pool-X is exactly what you would think of when you hear the term "staking pool," yet KuCoin believes it to be the staking pool of the future generation. Its primary function is to offer liquidity services for staked tokens, and it pays out outstanding returns on a wide variety of staking tokens, including EOS, TRX, ATOM, and a great number of others. There are a total of 37 coins that may be claimed as rewards for staking.
Pool-X is a staking and liquidity service pool that is part of the future generation. Image courtesy KuCoin.com
Proof of Liquidity (POL) is a decentralized credit with zero reservations that is issued on the TRC-20 system, and it is what powers Pool-X.
Soft Staking is a component of Pool-X that enables users to earn yield just by holding a variety of different currencies and tokens. This component can be found in the Pool-X wallet. Daily payments are processed, and the system is very adaptable and simple to operate.
In addition, the required minimum holdings are low enough that virtually everyone may take part. The vast majority of yields fall in between 1 and 10 percent, however there are a few that provide much higher yearly returns. For instance, at the time that we were looking at it, HYDRA was anticipated to pay off between 147 and 180 percent yearly on a minimum investment of only one HYDRA.
In the same vein as several of the other major cryptocurrency exchanges, KuCoin has entered the business of providing new tokens to customers in the form of initial equity offerings (IEO). KuCoin Spotlight is the name of the platform that it refers to. Since the U.S. Securities and Exchange Commission issued a warning to investors in the middle of 2020 to discourage their participation in initial coin offerings (IEOs), the KuCoin Spotlight platform has not been experiencing as much activity as it once did.
Sadly, the SEC was responsible for projects being diverted away from the IEO paradigm. Image courtesy KuCoin.com
Since there was a token sale back in April 2021, it's possible that KuCoin has figured out a means to sell tokens once again without drawing the ire of the SEC. Since it was established, the platform has been responsible for the successful issuance of a number of tokens, the most recent of which is Polkadex.
To participate in the initial exchange offers (IEOs), users are required to have a verified account, and the offerings themselves employ KCS tokens as the primary crowdsale currency.
KuCoin had an exceptional security track record right up to the 25th of September, 2020, when it was hit for $285 million worth of cryptocurrencies in the biggest exchange hack in the history of cryptocurrency exchanges.
This brings us to the conclusion of our assessment; nevertheless, KuCoin has a lot more in store for the future months and years. Image courtesy KuCoin Blog.
There is no denying the fact that KuCoin is now ranked among the very best cryptocurrency exchanges in the whole globe. They never stop innovating and expanding, bringing in useful new features for their existing customer base. If what they say is true, then one quarter of all users of cryptocurrencies throughout the world have an account with them in some capacity.
Even if there was a breach in security in September 2020, the exchange is still quite secure, and users of KuCoin should have no reason to doubt that their assets will be preserved even when they engage in trading through the platform.
We also liked that there was no need to provide KYC information for smaller accounts. As a result, KuCoin is one of the few exchanges that allows users to keep their anonymity and privacy, despite the fact that the KYC procedure must be completed by anybody who desires to trade fiat currencies on the platform in any capacity.
The platform has been finished, and despite the fact that it may at first appear to be complicated, it is in fact rather user-friendly. The majority of people are going to rapidly learn how to trade efficiently using the platform.
Give KuCoin a go if you're searching for an exchange that offers anonymity, a large number of cryptocurrency pairings to trade, bonuses and promotions, and the opportunity to trade with leverage. There is no way that millions of other traders are in error.
In addition to this, it offers extremely cheap transaction costs, an interface for the platform that is user-friendly for both experienced traders and novices, security on par with that of a bank, and a variety of additional services that are difficult to locate anywhere else. These include futures trading and margin trading, the purchase of cryptocurrencies using credit and debit cards, instant exchange, peer-to-peer exchange, lending and staking services, the company's own utility coin, and initial exchange offers for new projects.
KuCoin is a relatively young cryptocurrency exchange that has rapidly gained
a devoted fan following because to its straightforward design and high degree of
security. Both of these factors have contributed to KuCoin's success. The
exchange provides a huge number of different cryptocurrency pairings, which
means that customers may buy a wide variety of cryptocurrencies. This feature
has earned the exchange a lot of praise. Kucoin is a cryptocurrency exchange
exclusively, thus if you want to buy coins using fiat money like HKD, USD, or
CAD, you will need to use an other exchange. This is a disadvantage of Kucoin,
as it means you will need to find another cryptocurrency exchange to use.
Kucoin presents itself as a truly global company by maintaining locations in Hong Kong, Singapore, and the Seychelles, among other places. The cryptocurrency community has a very high opinion of it, which is reflected in the fact that it is frequently referred to as "The People's Exchange." Continue reading to find out more information in our comprehensive Kucoin review.
The onboarding procedure at KuCoin is rather straightforward due to the fact that it is a cryptocurrency exchange solely. To create a new account, you will need the following information, which is shown below: An email address. Alternately, a telephone number. Sincerely, that wraps it up.
After you have identified yourself to KuCoin by supplying either your email address or your phone number, you will be prompted to enter a verification code that has been texted or sent to you. After that, you'll be in a position to begin trading on the market. When compared to many other exchanges, which need personal identification and sometimes take several weeks to authenticate your identity, this is a major departure from the norm. This is a significant advantage for anyone who is interested in beginning trading right away.
On KuCoin, you may trade more than one hundred different cryptocurrencies at any given time. What You Can Buy The following is a list of some of the most well-known digital assets that can be acquired on the KuCoin platform:
Shares of Bitcoin, Ethereum, and KuCoin
Ripple , Tezos , EOS
Cosmos Bitcoin SV Litecoin and Bitcoin SV
Zcash Bitcoin Cash Tron Bitcoin Basic Attention Coin Cardano
Bittorrent Token Dash NEO MakerDAO Monero
In addition to providing the capability to trade on all of the major desktop operating systems (MacOS, Windows, and Linux), it also has apps that are available on both the Android and iOS app stores. Furthermore, it possesses an internal risk department that investigates any potentially shady business that may be conducted on the website.
Because there are so many tools for navigating in Kucoin, however, it might be a little intimidating for users who are just starting out. The smartphone applications are extremely crowded, making them more difficult to browse than other platforms.
Is KuCoin Safe? Yes. Because of its impeccable track record built up over the years and the sheer number of transactions that take place on the platform each day, it is widely regarded as being among the most reliable cryptocurrency exchanges. In addition, the website provides its customers with support for two-factor authentication. In sharp contrast to several of its rival exchanges, this website has never been penetrated by hackers in the history of the company. It is important to note that due to the fact that it exclusively accepts cryptocurrencies, its security methods are slightly different from those of websites that take fiat cash (paper money).
The customer service is usually really good, and if you have any complaints, you can easily submit them straight to the staff.
It is important to bear in mind that due to the fact that some well-known cryptocurrency exchanges have been the target of hacking in the past, it is not a good idea to store big sums of bitcoin on an exchange. We strongly advise having a personal wallet if you have a significant quantity of bitcoin in your possession.
When compared to those of other cryptocurrency exchanges, Kucoin's fees are often far lower than average. This is due, in part, to the fact that Kucoin does not provide the option to acquire cryptocurrency using fiat currency. This is the transaction type that results in the highest costs on other exchanges.
In spite of the fact that the exchange's markets all charge a trading cost of 0.1 percent, customers who possess KuCoin Shares are eligible for discounts on those fees. Users get a one percent reduction in the fees they have to pay for every thousand shares they hold. The highest discount on the trading charge that may be applied is thirty percent.
KCS is the native token of the exchange and provides users with a wide variety of benefits in return for their continued holding and staking of the asset. Users are eligible for benefits such as dividends from the site's daily earned trading fees, lower trading costs, and access to more trading pairs if they keep a minimum of 6 KCS in their exchange account.
The most interesting aspect of the incentive scheme is unquestionably the payouts. The exchange will distribute fifty percent of the daily trading fees it receives to KCS holders in accordance to the number of shares those holders own. As was noted previously, the minimum number of KCS required to qualify for the bonus is six. The greater the number of shares you own, the greater the bonus you will earn. You will be paid out on a daily basis in KCS, which you have the option to either hold onto in order to accrue a greater bonus or trade in for another asset of your choosing. There is the possibility for extremely significant dividends to be distributed to all investors if the exchange were to begin seeing consistently high trading activity and, as a result, make money on fees.
Every quarter, the exchange will utilize ten percent of its net earnings to purchase back and destroy a certain amount of KCS in order to prevent the possibility of KCS price inflation. This procedure will continue until there are only 100 million KCS remaining in circulation after all transactions have been completed. The original supply of KCS was set at 200 million after the completion of the Initial Coin Offering, however there are presently only roughly 171 million KCS available.
Users stand to gain a great deal from this, and several Kucoin evaluations highlight it as one of the platform's most notable capabilities. If you are a high-volume trader, you should seriously consider purchasing some KCS. At the very least, you should give this some thought.
The platform differentiates itself from some of the other market exchanges of a comparable scale via the utilization of a number of features and programs that are unique to the platform.
When it comes to bonuses, the website frequently holds trading competitions that allow the most successful traders to win even more money. In many of these competitions, the top 50 users in terms of the trading volume associated with a specific digital asset are eligible to receive prizes.
The Arwen protocol offers a better level of security, which is another one of the protocol's distinctive features. Users of this platform are able to keep full control of their assets and do not have to place any faith in the exchange with regard to their cryptocurrency holdings since the platform makes use of technology that is somewhat analogous to Bitcoin's Lightning Network. It would be quite beneficial to have additional safety for your bitcoin holdings when they are stored on an exchange.
In addition, there is a referral program that gives users the opportunity to earn money just by encouraging their friends and family to open accounts on the exchange. When a user invites another user to the exchange, the initial user will get up to twenty percent of the trading costs incurred by the invited user for the first year of the invited user's tenure on the platform. This incentive is only available for users who invite other users.
Users are able to make money through KuCoin's referral program by encouraging their friends and family to open accounts on the cryptocurrency exchange. When a user invites another user to the exchange, the initial user will get up to twenty percent of the trading costs incurred by the invited user for the first year of the invited user's tenure on the platform. This incentive is only available for users who invite other users. If you are acquainted with a big number of high-volume traders, the referral bonus may provide you with a sizeable sum of money.
The inability to buy cryptocurrencies with fiat cash is the most significant drawback of using Kucoin as your cryptocurrency exchange of choice. Because of this, Kucoin is not a good choice for those who are just getting their feet wet in the world of cryptocurrencies. Instead, Kucoin is aimed for seasoned cryptocurrency users who are trying to diversify their holdings in their own portfolios.
The vast majority of cryptocurrency is purchased on an exchange, yet Kucoin is currently not a viable choice for individuals who are just beginning their cryptocurrency journey. Instead, you will be required to acquire your cryptocurrency through a different exchange (or some other method such as a crypto ATM, peer-to-peer exchange, or a personal connection).
Once you have bitcoin, Kucoin has a number of advantages that you may find appealing, such as a large variety of cryptocurrency pairings, minimal transaction fees, and a focus to both safety and security. Even if you already have an account with a different cryptocurrency exchange, you won't have any trouble creating a new account on Kucoin because it's so simple to do so on the site. Signing up for Kucoin is really simple.
KuCoin is a cryptocurrency exchange that is regarded as being among the most popular in the globe. Additionally, the platform is known for being both user-friendly and secure. The platform makes trading digital assets like as Bitcoin, Ethereum, Litecoin, and Ripple (XRP), amongst others, simple and straightforward. In addition to this, KuCoin is famous for its showcase IEO platform, also known as its token launch platform. Lending of cryptocurrencies is one more feature that sets KuCoin apart from other exchanges. In addition, users of KuCoin have access to numerous services of the platform, including as the ability to buy cryptocurrencies with a credit or debit card, get incentives for staking, switch cryptocurrencies for free, and more.
Users are able to lend crypto tokens to other users in order to earn income through the usage of crypto lending. Shortly after the launch of the first cryptocurrency token, a plethora of additional cryptocurrencies entered the mainstream. The extreme volatility of the cryptocurrency market is mostly attributable to these crypto-assets, which makes them an excellent choice for speculative investing. Initially, the trading of cryptocurrencies was not supported by the exchanges that dealt in fiat currency. Because of this, cryptocurrency exchanges were able to emerge, making it possible for crypto investors to trade their tokens back and forth. The KuCoin exchange is appropriate for both novice traders and seasoned professionals alike.
After the first cryptocurrency exchange was established, a large number of others soon followed; nevertheless, only a select handful achieved worldwide reach. One example of such a site is KuCoin Exchange, which not only facilitates the buying and selling of cryptocurrencies (cryptos), but also gives users the opportunity to borrow cryptocurrency in exchange for interest payments. KuCoin is a provider of end-to-end trading solutions, and the platform's numerous offerings, which include automated bots, are geared on making trading as simple as possible.
The KuCoin Exchange: What Is It? The Republic of Seychelles is home to the KuCoin cryptocurrency exchange. The services provided by the KuCoin cryptocurrency exchange are not restricted to the buying and selling of crypto tokens or the exchange of those tokens for other cryptocurrencies or fiat currencies. In addition, in contrast to the services provided by other cryptocurrency exchanges throughout the world, KuCoin offers a cryptocurrency lending service with fixed interest rates.
The website is not overly complicated, making it straightforward to use. It is broken up into different sections for easy registration, and once that is done, one may begin trading immediately. An astounding number of cryptocurrencies in addition to traditional currencies may be used with this exchange. In addition, KuCoin provides a variety of auto-trading and financial instruments, such as trading bots and crypto loans, which distinguish it as a leading cryptocurrency exchange for passive income.
KuCoin is a cryptocurrency exchange that operates on a global scale and provides users with a handy choice that can be accessed from the majority of nations. KuCoin is not located in the United States, thus US individuals who have more than the required amount of FBAR reporting assets must include it in their reports.
In addition to cryptocurrency trading, the KuCoin trading platform provides a wide variety of other services, such as lending bitcoin, lending cryptocurrencies spotlight IEO, and many more. If you are new to the world of cryptocurrencies, then the quickest approach to trade on this platform is to first register an account, and then to begin trading when that account has been activated. The many components of the platform each have their own procedures or procedures. For instance, the following are the procedures that are required in order to register a trading account on the KuCoin platform. Creating an account with KuCoin is a fairly straightforward process that only takes a few minutes to complete.
Step 1: Sign Up
Visitors have the option of signing up with either their phone number or valid email address.
In the second step, enter the verification code.
A verification code is either emailed to the specified email ID or texted to the provided phone number, depending on the kind of approach that was selected.
Step 3: Set a Password
After the given code has been typed into the appropriate space, the final stage of the registration procedure requires choosing a password for the account. The user is able to begin trading cryptocurrencies as soon as registration is complete.
Even for the most experienced traders out there, trading cryptocurrency may feel like an insurmountable challenge. Understanding how the financial markets function, on the other hand, is the key to making a profit in the long run. Achieving success in this endeavor needs not only that individuals have solid market knowledge in terms of the fluctuations in price, but also that persons have trading methods and practice.
Demo trading accounts are therefore a simple alternative that can be utilized to develop trading techniques that are successful. Additionally, it assists new traders in becoming used to the market environment. Demo accounts are available to customers of KuCoin who are new to the trading industry.
KuCoin is renowned as the number 1 altcoin exchange with supporting 600+ traded assets. It also is regarded as the platform that lets users to generate income with a profusion of services and goods. The platform offers safety precautions and security aspects that limit the hazards involved with trading digital assets. Right from the automated trading robots to complex API solutions for improved trading tactics, the platform includes end-to-end trading solutions.
No matter whether cryptocurrency asset is being traded on the exchange, automated trading robots are an incredible asset for anybody looking to generate a passive income. Traders on KuCoin are able to use five distinct trading methods thanks to the trading bots provided by the exchange. These techniques include traditional grid, futures grid, and DCA.
The classic grid trading technique is a straightforward method that uses selling orders and buying positions to generate profits from the movement of market prices. Essentially, it entails purchasing orders at a lower price in the hopes of later reselling them at a profit. Even if they do not have sufficient market understanding, traders are nevertheless able to optimize the performance of the trading robot. KuCoin's trading bots are powered by artificial intelligence, and the original grid interface is recommended for novices.
Both a Futures Grid Bot and a Spot Grid Bot operate in a manner that is comparable, in that they are able to generate passive revenue through the process of purchasing cheap and selling expensive. However, Futures Grid possesses two distinctive characteristics that might assist investors in increasing their earnings.
The use of smart rebalance can help holders further boost their earnings on their investments. The key tenet of this tactic is to boost the overall quantity of assets while preserving the percentage allocation that was determined in advance. Assuming that you wish to invest 40 percent of your funds in Bitcoin, 30 percent in Ethereum, and 30 percent in KCS, the value of your portfolio will fluctuate in accordance with the price of each of these tokens if you merely hold on to it. As soon as it begins to vary from the basic values, the Smart Rebalance Bot will automatically rebalance the percentage so that it corresponds to your expectations.
Because it uses a repeating technique, DCA bot, also known as Dollar Cost Averaging, is perfect for use by professional traders who make daily purchases of cryptocurrencies. Every KuCoin bot does technical analysis in order to reduce the risks associated with trading.
The infinite grid was developed so that users would not be at risk of "losing out" on the cryptocurrency pumping. In contrast to the Spot Grid Bot, which submits orders using a predetermined number, the Infinity Grid Bot submits orders using percentages, and there is no cap on the amount of orders that may be sent.
According to one evaluation of KuCoin, the trading platform enables users to acquire cryptocurrencies with a variety of fiat currencies, including US Dollars, Euros, British Pounds, Canadian Dollars, and Australian Dollars, amongst others. Even before taking into account discounts and promotions, KuCoin's trading costs are already among the lowest in the industry. Using this platform, you will be able to purchase or sell any cryptocurrency that is currently available. KuCoin allows customers to make transactions using debit and credit cards through ApplePay, Visa, MasterCard, and SEPA. The peer-to-peer exchange run by KuCoin provides bank transfers in addition to its other 20 available payment methods. There is also an option to buy cryptocurrency quickly, which allows users to obtain their coins immediately. Purchases of cryptocurrencies using fiat cash are possible from investors located anywhere in the globe. By utilizing this platform, you will be able to trade numerous different cryptocurrencies with very minimal transaction costs.
The cryptocurrency exchange known as KuCoin does not impose any fees on deposits made by customers. However, the typical fees associated with bank deposits are applicable when dealing with fiat money. And this is something that is decided by the bank or payment gateway that is involved. The costs associated with making a withdrawal change according to the cryptocurrency being used. For illustration purposes, the withdrawal charge for Tether is 20 USDT, but for Cardano it is only 1 ADA.
The expenses associated with trading change depending on the type of trading being conducted, such as spot trading or margin trading. It also is contingent on the amount of money the trader has in their account. The normal trading cost is reduced based on the KSC holding for a given amount of trading over a period of thirty days. As a result, it is separated into several different levels, which are outlined in the following for both spot trading and futures trading.
KuCoin's trading costs are extremely minimal, coming in at only 0.1 percent. It is vital to keep in mind that the fees drop dependent on the 30-day trading volume of KCS holdings in the user account. This is one of the important things to keep in mind.
The loan rates for futures contracts involving USD and USDT are variable, meaning that they might have either positive or negative values. Once every eight hours, funding is provided for futures trading, and value is determined in accordance with this.
KuCoin is compatible with a wide variety of fiat currencies, including the following: EUR, GBP, USD, RUB, AUD, JPY, TRY, KRW, CAD, IDR, VND, ZAR, HUF, ILS, NZD, SEK, CZK, CHF, PLN, NOK, INR, and DKK. Users have access to a wide variety of payment channels, including P2P tradingOTC, Third-party like Simplex, etc., via which they may deposit and withdraw fiat currency.
KuCoin is a prominent cryptocurrency exchange that provides support for over 600 different cryptocurrencies and 1100 different marketplaces. These choices range from the most widely used cryptocurrencies to the newest and least well-known digital currencies currently in circulation. As was said before, there is no cost associated with deposits; nevertheless, the amount that must be paid to withdraw funds varies according on the currency that is being used.
The KuCoin web browser supports a wide variety of languages, including English, Russian, Hindi, and Portuguese, amongst many others. The website is fairly straightforward, making it simple to navigate and serving as a platform with global access. However, according to the feedback left by previous customers, new traders may find that trading on KuCoin is somewhat difficult due to the advanced features it offers. However, the help and frequently asked questions parts of the website both have tutorials, which make the site much simpler to comprehend. KuCoin takes measures to guarantee that it is always up to speed with the most recent market standards by, among other things, upgrading its currency pairings. In point of fact, not only are there facilities for registering new cryptocurrencies in order to include them in the trading pairs, but there are also procedures for doing so. There are 1100 different trading pairs available on KuCoin. A common example of a trading pair is the notation BTC/ETH, which stands for the exchange of Bitcoin for Ethereum.
KuCoin's consumers benefit from superior support compared to that offered by its competitors, and the platform is accessible around the clock. KuCoin's popularity may be attributed to its prompt and helpful customer service, which can be reached by live chat or email around the clock. The website provides live online help, but it also has an online application form that users may utilize to voice any issues they may have. Customers may also contact KuCoin's customer service team through several social media sites, including as Facebook, Twitter, and LinkedIn, amongst others. KuCoin has a robust social media presence. The KuCoin team is always there to assist its users in whatever way they need.
KuCoin is a platform for decentralized cryptocurrency trading. This characteristic is the fundamental essence of transparency that is strengthened by the technology of blockchain, but the security is further enhanced by a variety of safety mechanisms. Two-factor authentication is a security measure that may be utilized by users of KuCoin. It encrypts all of the traders' personal information using the most modern SSL protocol for further safety. The user interface of KuCoin includes a number of security protections that were built by KuCoin. It is mandatory to satisfy the Know Your Customer (KYC) requirement before you may withdraw funds. In addition, it is highly recommended that the KYC verification process be carried out using KuCoin.
KuCoin offers one of the greatest trading services available, complete with cutting-edge trading tools and individualized charts that are simple to use and understand, making them suitable for both experienced traders and novices. The cryptocurrency trading market is now dominated by KuCoin. Because of this, KuCoin may now be considered one of the major cryptocurrency exchanges. Despite this, it offers a wide variety of services and products, which are designed to meet the requirements of a diverse range of traders and their own trading preferences. KuCoin is a digital currency exchange that covers more than 1100 markets and 600 different kinds of digital currencies. It also has minimal trading costs. When compared to some of the company's competitors, the customer service that is provided is superior. There is no cost charged to make a deposit, however the fees associated with withdrawals change depending on the currency being used. KuCoin provides its customers with a wallet that is called a KuCoin wallet, and prior to accessing the trading platform, users are required to deposit funds into a KuCoin wallet.
In this evaluation of KuCoin, we have made an effort to cover all of the information that is pertinent to your decision to start trading before we get started. We have included a comprehensive review of the trading platform, including details on the services and goods it provides as well as a discussion of some of its major benefits and cons. In addition to the assessment of KuCoin, we have written coverage or reviews of a large number of trading platforms and other exchanges.
Our verdict is KuCoin is an easy-to-use web browser as well as a mobile app that, thanks to its sophisticated set of capabilities, makes it a breeze to generate income by trading cryptocurrencies. In addition to this, we anticipate that KuCoin will provide its customers with additional goods, services, and features over the course of the next several months or years. Within the realm of cryptocurrencies, KuCoin is a well-recognized brand name.
Are US Citizens Eligible to Use KuCoin? It is possible for US people to use KuCoin. Despite this, if they have a balance that is greater than the FBAR reporting level, they are required to file their FBAR even if KuCoin is not located in the United States.
Does the IRS Receive Reports from KuCoin? KuCoin provides users who possess cryptocurrencies with the ability to file tax returns based on revenues generated from the sale of those cryptocurrencies. Therefore, in order to submit their taxes, people can either do so with the Internal Revenue Service (IRS) or with an organization that is equal to the IRS.
How can I make a deposit into my KuCoin account? The process of making deposits and withdrawals at KuCoin is quite straightforward. When making a deposit, users have the choice of using either their credit card or debit card as a payment method, as well as SEPA or Apple Pay. Purchases of KuCoin may be made with a credit card on the site.
Should I Put My Trust in KuCoin? KuCoin is a platform that is highly regulated and is also a prominent cryptocurrency exchange on a global scale. But, our question arises, is KuCoin safe? The response is that it does not present any health risks and is not against the law. Users from the majority of countries are able to use the exchange platform; however, traders are required to ensure that they are in compliance with the cryptocurrency rules that apply in their home jurisdiction before using the KuCoin website or KuCoin mobile app. One can also read the section of the website that is devoted to frequently asked questions for additional details.
Does BEP20 Support Exist for KuCoin? KuCoin supports BEP20 tokens. BEP20 tokens are automatically credited to the user's KuCoin account once they are deposited by a user. Please refer to the KuCoin terms and conditions section if you want further clarification.
How can I transfer money from my KuCoin account to my traditional bank account?
It is necessary for a user to first log in to their KuCoin user account before they are able to withdraw money from their KuCoin account. Users may locate the option to withdraw funds by clicking the Overview button that can be found in the Assets section of the interface. The traders are required to select the sort of currency withdrawal they want to make.
After this has been completed, the relevant wallet address has to be provided so that the digital money may be received. Last but not least, account verification must be completed in order to validate the withdrawal request. This can take the form of email verification or two-factor authentication. Following the completion of the verification process, the requested amounts are then sent to the customers' bitcoin wallets.
Sites like KuCoin in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.