KuCoin Review 2020
KuCoin is primarily an online cryptocurrency exchange that gives its traders access to exchange multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, KuCoins (KCS), and more, using the intuitive KuCoin trading platform, which is available in the web and mobile versions. Clients also enjoy a range of trading tools and educational resources, as well as 24/7 customer support. The exchange offers some of the most competitive fees in the markets but they are not regulated which could be a red flag for many potential clients.
KuCoin Review 2020, Pros & Cons
- Intuitive trading platforms
- Multiple cryptocurrencies available for trading online
- 24/7 customer support
- Not regulated
- No MetaTrader platforms
- No US clients
- Limited choice of financial instruments
In this detailed KuCoin review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
KuCoin is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including KuCoin.
KuCoin Review: Summary
Launched in 2017 in Hong Kong, KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. It has grown into one of the most popular crypto exchanges and claims that 1 out of 4 Crypto holders worldwide is their client. The KuCoin wallet allows you to buy, exchange, send, and track all your cryptocurrencies in one trading platform.
Broker Review: Regulation
There is currently no regulatory information on the exchange’s website. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
KuCoin Review: Countries
The Exchange allows traders from any parts of the world to trade on their platform if their countries of residence permit online trading with international exchanges. They cannot accept clients in the USA.
Some KuCoin features and products mentioned within this KuCoin review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
KuCoin Review: Trading Platforms
The Exchange provides traders with the KuCoin trading platform, which is available as a web trading terminal that runs directly on most modern web browsers without the need for installing any software and a mobile app that is designed for Android and iOs devices. The mobile trading app allows traders to get access to their trading accounts and trade on the go.
KuCoin Review: Trading Tools
Clients also enjoy access to some useful trading tools that help to enhance their overall trading experience. Some of the tools include the Trading API, which enables you to interact with the Exchange via a custom program that allows you to obtain real-time market data, make trades, and manage your accounts.
KuCoin Review: Education
The KuCoin’s website also has a selection of educational materials to aid traders. They include a support center that contains beginner guides and trading articles, as well as a FAQ section.
KuCoin Review: Trading Instruments
KuCoin allows traders to hold, buy, and sell multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, KCS, and more.
KuCoin Review: Trading Accounts & Fees
The Exchange has two account types: the Main Account and the Trading Account. The Main account is used for the storage, withdrawal, and deposit of funds. On the other hand, the Trading Account is mainly used for coin trading, and the funds in it can be used for trading directly. There is also the demo account, which is preloaded with virtual funds for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this KuCoin review. It is imperative to ensure that you check and understand all of the latest information before you open a KuCoin broker account for online trading.
KuCoin Review: Customer Service
The Exchange has an excellent customer support team that can be contacted 24/7 via email, Live Chat, ticketing system, and social media.
KuCoin Review: Deposit & Withdrawal
KuCoin allows traders to deposit and withdraw from their trading account using the following payment methods:
- Credit/Debit Cards
KuCoin Review: Account Opening
To open an account, you have to click on the ‘Sign Up’ button on the website, fill the displayed form, submit, and await approval.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
KuCoin Review: Conclusion
Overall, KuCoin is an established cryptocurrency exchange that offers multiple cryptocurrencies for online trading via the KuCoin trading platform. The Exchange offers a wide range of crypto services: margin and futures trading, a built-in P2P exchange, ability to buy crypto using credit/debit cards, and the ability to earn crypto by lending or staking via its Pool-X, and many other services. However, KuCoin is unregulated which may be a red flag for some potential clients. You may wish to view our best crypto brokers for regulated alternatives.
Trading digital currencies carry substantial risks. As with any asset, the value of digital currencies can go up or down and there can be a substantial risk that you lose money buying, selling, holding, or investing in digital currencies.