Over the past decade, cryptocurrency has become a legitimate, popular investment asset. Exchanges like KuCoin make this investment process easy and fun. According to KuCoin, two “tech geeks” who had the foresight to become “early blockchain adopters” founded this exchange several years ago. The pair began writing the code for KuCoin in a café in 2013, and they made good on their goal to turn the platform into the “People’s Exchange.”
From those humble beginnings, KuCoin now has millions of investors, and it is well-known in the crypto world.
Today, KuCoin is a Seychelles-based cryptocurrency exchange that offers a wide range of tradable cryptocurrencies, competitive trading fees, and advanced features like margin trading and futures trading.
Pros and Cons
Pros
- Broad selection of tradable cryptocurrencies
- Competitive trading fees
- Volume discounts on fees
- Offers advanced features like margin trading and futures trading
Cons
- Funds kept on the platform are not insured
- Suffered a major hacking incident in 2020
Recommended For
KuCoin could be an excellent choice for advanced crypto investors who are looking for low fees and access to a broad range of cryptocurrencies. KuCoin is an ideal choice for U.K. traders. While the broker is unregulated, they do accept clients from the United Kingdom and adhere within the strict guidelines set forth by esteemed regulatory bodies.
Regulated By
- When considering KuCoin’s regulatory status, it’s important to note that the platform is not regulated. While transparency regarding licensing is typically a crucial factor for traders, it’s worth noting that KuCoin operates under its own regulatory framework and follows applicable laws and regulations in the jurisdictions where it operates.
Top Features
- Broad selection of tradable cryptocurrencies
- Competitive trading fees
- Volume discounts on fees
- Offers advanced features like margin trading and futures trading
- KuCoin Trading Bot
Overview
- Type of Exchange Crypto Exchange
- Regulation & Licensing According to KuCoin, due to internal policies, they do not disclose licence information to the public.
- Clients Accepted From United Kingdom, Australia, Russia, Germany, India, and more.
- Assets Offered 750+
- Platforms Available Web, Mobile
- Mobile Compatibility iOS, Android
- Payment Types Accepted Credit Card, Bank Transfer, Apple Pay
Account Types
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KuCoin Account |
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Features |
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Account Currencies |
Multiple fiat currencies such as RUB, UAH, USD, EUR, GBP, and BRL for fast-transfer services. |
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Available Leverage |
The initial leverage is the leverage multiple manually set when opening a position. These leverage multiples are from 0.01x to 100x. After opening a position, the actual leverage will change as the unrealized profit and loss changes. Then the leverage multiple can be a decimal, even more than 100x.
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Minimum Deposit |
0 GBP |
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Demo Account |
No |
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Copy Trading Support |
Yes |
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Commission Per Trade |
0 GBP |
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Trading Instruments |
Cryptocurrency & Futures |
Trading Platforms
- KuCoin offers an intuitive interface with various functionalities such as buying or selling crypto assets. The platform supports more than 750 coins catering to both newbies and experienced investors alike.
Trading and Investment Tools
- One Click Trading Yes
- Trade off Charts Yes
- Email Alerts Yes
- Mobile Alerts Yes
- Stop Order Yes
- Market Order Yes
- Limit Order Yes
- OCO Orders Yes
- 24hr Trading Yes
- Streaming News Feed Yes
- Trailing Stop Order Yes
- Charting Package Yes
Compliance & Regulation
KuCoin emphasises compliance and regulation as key pillars of its operations, despite not publicly disclosing specific licence information. The platform is committed to adhering to the regulatory requirements of the jurisdictions in which it operates. While the exact regulatory framework may not be disclosed, KuCoin takes significant measures to ensure compliance with anti-money laundering (AML) and Know Your Customer (KYC) regulations. By implementing robust AML and KYC procedures, KuCoin aims to prevent illicit activities, such as money laundering and fraud, and to promote a secure and trustworthy trading environment.
Fees & Commissions
- Rollover Fee 0.1% per redemption
- Margin Interest The platform will charge 5% of your accrued interest as fees and 10% as the insurance fund.
Pricing
Kucoin charges low fees with additional discounts available when using their native token KCS or based on average monthly holdings or previous month’s trading volume.
Service Details
- Supported Languages 2+ languages
- Customer Service Hours 24/7
- Email Response Time Several Business Days
- Telephone Orders No
- Personal Account Manager Yes
Reliability & Security
KuCoin places a strong emphasis on security measures to protect user assets. The platform utilises advanced encryption technology, multi-factor authentication, and cold storage solutions to safeguard digital assets. By prioritising security, KuCoin aims to instil confidence in its users and provide a secure trading experience.
As a responsible cryptocurrency exchange, KuCoin actively monitors and investigates any suspicious activities on its platform. It employs a dedicated compliance team that ensures regulatory compliance and takes swift action against any violations. This commitment to compliance contributes to maintaining a reliable and transparent trading environment for users
User Experience
KuCoin provides a user-friendly and intuitive trading experience, catering to both novice and experienced cryptocurrency traders. The platform features a well-designed and responsive interface that allows for easy navigation and seamless execution of trades. Whether accessing KuCoin via the web platform or the mobile app, users can enjoy a consistent and efficient trading experience across different devices.
Final Thoughts
KuCoin offers competitive fees and advanced features that make it attractive for advanced crypto investors in the U.K. and globally. KuCoin offers a user-friendly interface, comprehensive trading features, responsive customer support, and a diverse range of supported cryptocurrencies. These aspects contribute to an overall positive user experience and make KuCoin a recommended choice for traders seeking a reliable and user-centric cryptocurrency trading platform.
Contact Info
Vistra Corporate Services Centre, Suite 23, 1st Floor, Eden Plaza, Eden Island, Mahé, Republic of Seychelles
FAQs
Q: Does KuCoin Offer Margin Trading?
A: KuCoin is one of the few exchanges where U.K. residents might be able to open up a crypto margin account. This risky investment practice enables users to borrow money to amplify their returns (and their potential losses).
Q: Does KuCoin Offer Crypto Lending?
A: KuCoin also allows users to lend their crypto holdings to other would-be margin traders. Interest rates and term lengths vary by coin. It’s important for investors to understand the risks that come with Crypto lending. While the loans are collateralised and the recipient must maintain a certain balance, price dips may occur causing losses and the platform states it is not guaranteed to fully cover any losses.
Q: Can I start trading with just 1 GBP?
A: KuCoin allows users to improve their practical experience through a variety of trading and financial products for as low as 1 GBP.
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