What is KuCoin?
KuCoin is a popular global altcoin exchange. It rivals Binance in the sheer amount of coins offered, its global reach, and its many choices of base pairs including BTC, ETH, NEO, USDT, USDC, and more. KuCoin also has options for different products like Futures and margin trading.
In fact, due to geoblocking, Kucoin has become a real rival to Binance and Bittrex since 2019 (despite a few drawbacks noted below like liquidity). This is because while they don’t offer KYC accounts to users in the United States, they do offer non-KYC accounts with 2BTC per 24 hour period withdrawal limits (as of 2021).
In other words, drawbacks we’ll note below aside, KuCoin is a solid exchange for trading altcoins that gives users a ton of options. Plus, they also have a futures exchange that offers leverage options as well.
Trade on Kucoin: Use our Kucoin referral link https://www.kucoin.com/ucenter/signup?rcode=rJ8U5YY.
Get Up to $100 at KuCoin Futures: Sign up for KuCoin Futures using our referral code, and get up to $100 in trial funds. https://futures.kucoin.com/signup?rcode=rJ8U5YY.
Why Use KuCoin
As noted above, one big plus with KuCoin is that they don’t have a Know Your Customer (KYC) requirement for small amounts of funds (although they can technically require your info, for example for breaking their rules or forgetting your login info).
Another big plus is that they have two sets of wallets, one to store coins, and one to trade. This is useful if you are running a bot and don’t want your bot having access to all your coins for example.
Another big plus is the vast number of trading pairs. Ever want to trade with NEO as a base pair? Well, now you can.
The limitation of KuCoin is that you can’t trade in fiat. That said, you can simply grab some USDC, BTC, or ETH and transfer it to KuCoin to get started as they offer BTC, ETH, NEO, USDT, KCS, TUSD, PAX, and USDC pairs!
Another drawback is that KuCoin has a lack of liquidity. This means you can at times get stopped out regardless of where you set a stop (if you for example use bots to set stops).
So we have some pros and cons with KuCoin, but seasoned traders or traders who don’t want to deal with Know Your Customer rules can benefit. Plus, the wide range of alts is attractive.
To sign up for KuCoin, go to KuCoin.com (referral link). Signing up is as easy as verifying your email, you don’t need to provide more information than that to do basic trading/withdrawal/deposit.
UPDATE: You can now use a credit card to buy crypto on KuCoin.
NOTE: We only use referral links for products we use ourselves and would generally recommend (i.e. we are using the referral because we use and recommend KuCoin, not recommending KuCoin because of the referral). Once you sign up for KuCoin you can share your referral link too! All that noted, always use any exchange at your own risk!
TIP: KuCoin is one of the top exchanges by volume, however, US users might prefer Bittrex since KuCoin is a global exchange. Likewise, some users might prefer Binance due to its lower fees. Still, some coins you can’t find on all exchanges, and for those especially KuCoin is a solid choice.