KuCoin Exchange Analysis: Advantages and Disadvantages, Costs and Security Measures
Trading with the People's Exchange, KuCoin
KuCoin is a cryptocurrency exchange that offers top-notch trading services, including spot and derivatives trading, to nearly twenty million clients in over 200 countries. Founded in 2017, this popular exchange is headed by CEO Johnny Lyu alongside founders Chun Gan, Ke Tang, and Michael Gan (1).
Known as the "People's Exchange," KuCoin boasts a seventh-place ranking by trading volume among the vast sea of crypto exchanges. One of its latest offerings is KuCoin Pay, a Point-of-Sale (PoS) system that enables users to make payments directly from their exchange balances (2).
In this article, you'll get answers to frequently asked questions about KuCoin, such as its features, fees, safety, and how to trade on the platform. We'll also shine a spotlight on the pros and cons of using KuCoin for your cryptocurrency trading needs (2).
What Is KuCoin All About?
Exchange
KuCoin lists new and lesser-known digital currency assets early, even prior to their mainstream debut. This enables users who are eager to catch the crypto heat and profit handsomely from these tokens through KuCoin (2).
KuCoin
| Key Features | Details ||--------------------|------------------------------------------------|| Founded | 2017 || Founder | Johnny Lyu || Features | Spot trading, copy trading, asset and wealth management, fast trade || Supported Cryptocurrencies | Over 750 altcoins and 1300 trading pairs (3) || User Base | 30 million users worldwide || Security Measures | Multi-factor authentication, proof of reserves, risk control system, cold storage, advanced encryption || Customer Support | 24/7 customer service via email and live chat || Trading Fees | 0.10% to 0.30% || Trading Options | Spot, Futures, Options, Margin || Payment Methods | Bank transfer, credit cards, crypto, SEPA bank transfers || Geographic Restrictions | Not available in the United States, UK, Mainland China, Singapore, Iran, and North Korea (3) |
Why Trade with KuCoin?
Founded
Here's a closer look at the benefits of using KuCoin for your cryptocurrency trading:
2017
- Competitive Fees
KuCoin trading fees are highly competitive, falling between 0.10% to 0.30%, with lower fees at higher VIP levels (2).
Founder
- Strong Security Measures
Johnny Lyu
KuCoin provides multiple security features for users, including Multi-Factor authentication, bank-grade security, and data encryption (2).
- Support for Numerous Cryptocurrencies
Features
KuCoin offers a wide selection of cryptocurrencies, including popular coins like Bitcoin, Ethereum, Cardano, and Litecoin, as well as lesser-known altcoins such as Kaspa, Near Protocol, Shiba Inu, and APECoin (2).
Spot trading
Copy trading
Asset and wealth management services
Fast trade
- User-friendly Interface
KuCoin is designed for easy accessibility for traders of all levels. Features include demo trading, copy trading, and a sleek interface, making it an attractive choice for both beginners and experts (2).
Supported Cryptocurrencies
- Advanced Trading Tools
Over 750 and 1300 trading pairs.
KuCoin offers advanced trading options like staking and lending, enabling traders to earn passive income from their crypto assets (2).
When to be Cautious
User Base
Despite its merits, there are a few reasons to proceed with caution when using KuCoin:
30 million users worldwide.
- Restrictions on U.S. Traders
Like many popular crypto exchanges, KuCoin is unavailable for U.S. traders due to regulatory challenges (2).
Security Measures
- Lower Liquidity for Some Altcoins
Multi-factor authentication, proof of reserves, risk control system, cold storage, and advanced encryption.
Since KuCoin lists lots of lesser-known altcoins, some may have lower trading volume/activity, leading to limited liquidity (2).
- Congestion during High-traffic Periods
Customer Support
During peak traffic events, the KuCoin web interface may slow down, resulting in increased transaction times (2).
24/7 customer service is available via email and live chat.
Answering the Big Questions
1. What Is KuCoin?
Trading Fees
KuCoin is a cryptocurrency exchange designed to cater to traders worldwide. Known for listing new and lesser-known assets early, it offers a wide variety of features that enable users to maximize the potential of their crypto investments (2).
0.10% - 0.30%
2. What Are the Pros of KuCoin?
Competitive fees, strong security measures, vast cryptocurrency support, user-friendly interface, and advanced trading tools are some of the advantages of using KuCoin (2).
Trading Options
3. What Are the Cons of KuCoin?
Spot, Futures, Options, Margin
Restrictions on U.S. traders, limited liquidity for some altcoins, and congestion during high-traffic periods are areas of concern when considering KuCoin (2).
4. How Can I Trade on KuCoin?
Payment Methods
To trade on KuCoin, follow these simple steps:
Multiple options, including bank transfer, credit cards, crypto, and SEPA bank transfers.
a. Register or download the appb. Select Spot or Futures Tradingc. Choose your preferred trading paird. Set your order typee. Enter required details (price, quantity)f. Click Buy or Sell to complete your trade (2)
5. Is KuCoin Safe to Use?
Geographic Restrictions
KuCoin takes security seriously and employs measures like Multi-Factor authentication, Proof of Reserves, advanced encryption, and risk control systems to protect users' funds and data (2).
Not available in the United States, UK, Mainland China, Singapore, Iran, and North Korea.
6. Is KuCoin Compliant with U.S. Regulations?
KuCoin is not available in the United States, UK, Mainland China, Singapore, Iran, and North Korea due to regulatory challenges and compliance requirements (3).
7. Are There Alternatives to KuCoin?
Yes, alternatives to KuCoin include Binance, Bybit, Coinbase, and Crypto.com (2).
Sources
(1)amesonfranklin.com/kucoin-review-2025
(2)KuCoin Exchange Review 2025: Is it Legit and Worthy for Investors? - CoinDiligent
(3)KuCoin: Regulatory Update and South Korea Reentry Challenges
- KuCoin, a popular cryptocurrency exchange, was founded in 2017 and is headed by CEO Johnny Lyu.
- Known as the "People's Exchange", KuCoin offers a Point-of-Sale (PoS) system called KuCoin Pay for users to make payments directly from their exchange balances.
- KuCoin boasts a seventh-place ranking by trading volume among crypto exchanges and is popular for listing new digital currency assets early.
- The exchange offers a wide variety of features, including spot trading, copy trading, asset and wealth management, fast trade, and more.
- It supports over 750 altcoins and 1300 trading pairs.
- KuCoin's user base exceeds 30 million users worldwide.
- For security, KuCoin provides multiple security features like Multi-Factor authentication, bank-grade security, and data encryption.
- Users can also benefit from a 24/7 customer service via email and live chat.
- Trading fees at KuCoin fall between 0.10% to 0.30%, with lower fees at higher VIP levels.
- In addition to popular coins like Bitcoin and Ethereum, KuCoin supports lesser-known altcoins such as Kaspa, Near Protocol, Shiba Inu, and APECoin.
- The exchange is designed for easy accessibility for traders of all levels, featuring a sleek interface, demo trading, and copy trading.
- KuCoin offers advanced trading options like staking and lending, enabling traders to earn passive income from their crypto assets.
- However, there are concerns about lower liquidity for some altcoins and congestion during high-traffic periods.
- Like many popular crypto exchanges, KuCoin is unavailable for U.S. traders due to regulatory challenges.
- To trade on KuCoin, users can register or download the app, select Spot or Futures Trading, choose their preferred trading pair, set their order type, enter the required details, and click Buy or Sell to complete their trade.
- For those considering alternatives to KuCoin, Binance, Bybit, Coinbase, and Crypto.com are some options.
- KuCoin takes security seriously and employs measures like Multi-Factor authentication, Proof of Reserves, advanced encryption, and risk control systems to protect users' funds and data.
- However, the exchange is not available in the United States, UK, Mainland China, Singapore, Iran, and North Korea due to regulatory challenges and compliance requirements.
