KuCoin Review 2022: The Best Cryptocurrency Trading Platform?

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What is KuCoin?

KuCoin review according to trader union is a cryptocurrency exchange with a focus on NEO and GAS trading. Launched in September 2017, it has quickly amassed a user base of over 500,000 people.

The exchange offers a wide range of coins and tokens to trade, as well as a user-friendly interface and up-to-date news. In this article, we will introduce you to KuCoin and show you how to start trading on the exchange.

KuCoin is one of the newest exchanges on the market and was launched in September 2017. Despite being new, it has already amassed over 500,000 users. This can be attributed to its wide selection of coins and tokens, as well as its user-friendly interface.

KuCoin Availability

KuCoin is one of the most popular cryptocurrency exchanges available today. However, it is not available in all countries. KuCoin currently only supports users in certain Asian and European countries.

This may be due to regulatory issues or simply because the exchange has yet to expand its operations to other parts of the world.

Whatever the reason, it is important to check whether or not KuCoin is available in your country before signing up for an account. Otherwise, you may not be able to take full advantage of the exchange’s features.

What are KuCoin fees?

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Fees are a necessary part of any trading platform, and KuCoin is no different. However, KuCoin aims to offer competitive rates to attract users.

For example, KuCoin ‘s back office does not charge any fees for deposits and only charges 0.1% for transactions. This is significantly lower than the industry standard, which is typically around 0.25%.

Additionally, KuCoin offers a variety of discounts and rewards that can further reduce the cost of trading. For example, users who hold KuCoin (KCS) shares are eligible for a discount on trading fees.

Overall, KuCoin strives to offer an affordable and accessible platform for users looking to trade cryptocurrencies.

Payment and verification methods for KuCoin

At KuCoin, we take the security of our users’ assets very seriously. To ensure that all transactions are safe and responsible, we have implemented a strict payment verification system.

For each transaction, our team will carefully verify the identity of the sender and confirm that the payment is valid. We will also verify that the recipient is authorized to receive the payment.

Only after these checks have been completed will we process the transaction. In this way, we can be sure that all payments made in KuCoin are safe and accounted for.

Kucoin vs. Binance Overview

Both Kucoin and Binance have a similar business strategy. They are cryptocurrency exchanges that offer access to hundreds of altcoins that are otherwise hard to purchase. They have a similar fee structure, starting at 0.1% and reducing this fee as you move up the trading tiers.

Kucoin vs. Binance

Now, let’s take a look at the differences between these two crypto exchange platforms.

What is Kucoin?

Kucoin is based in Hong Kong. Originally from China, the crypto exchange had to move after the government crackdown on cryptocurrencies.

Kucoin’s business model centers around having a wide variety of crypto assets that you can use. With a good safety record and a competitive fee structure, it is a solid option if you are looking for a crypto exchange to use.

What is Binance?

Binance is based in Hong Kong. Its business model is very similar to Kucoin, providing access and easy trading across a multitude of crypto assets.

For the lower membership tiers, Binance does not require an ID. If you don’t need to access the higher level of membership, you can maintain your anonymity on Binance.

With over 13 million users, Binance is a very popular cryptocurrency exchange platform. 

What’s the Difference?

Kucoin vs Binance use a similar business strategy and have a similar fee structure. Most traders would find the range of assets, level of security, and customer support services comparable between the two platforms.

Fees Comparison

Kucoin and Binance fees both start at 0.1%. This fee percentage decreases as you move up to a higher trading tier.

KuCoin Fees

Kucoin has a more aggressive tier structure, with very competitive fees for higher-tiered users. If you are going to trade large volumes and level up through the tiers, Kucoin is a clear winner. Kucoin also offers dividends of 50% of the exchange earnings on its token.

Binance Fees

Binance offers no deposit fees and withdrawal fees depend on the asset. The Binance token is used to pay for fees on the platform. If you think you are going to be a small trader and remain at the low tiers, Binance’s fee structure is better than Kucoin’s.

If you are going to use the futures market, Binance is a clear winner. It has a better taker fee than Kucoin.