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KuCoin Review - is it scam or safe?

KuCoin Review - is scam or good cryptocurrency exchange?

RATING: 3 / 3 REVIEWS ForexBrokerz KuCoin


Trading Accounts and Conditions

Account type Minimum deposit Leverage Trading fee
Standard Undisclosed 1:1 0.1%*


*Wthdrawal fees also apply (0.0005 BTC).


KuCoin is a cryptocurrency exchange based in Hong Kong. It operates on a crypto-to-crypto basis, so no fiat currencies are supported. Nonetheless, its digital assets portfolio is pretty extensive and besides, KuCoin offers its own token KCS (KuCoin Shares) and uses it in a similar way to Binance.


Like most similar of venues, KuCoin does not offer margin trading and has not disclosed whether there is any minimum investment required.


KuCoin Advantages


Competitive fees

KuCoin charges trading and withdrawal fees, while crypto deposits are free of charge. While this is the approach of many other exchanges, the fess of KuCoin are really competitive. It charges a flat fee of 0.1% per trade, while the average in the secctor is around 0.20% - 0.25%. Besides, for those who hold KuCoin Shares, there are attractive discounts.


In addition, withdrawal fees applied by KuCoin are also reasonable. For example, Bitcoin withdrawals are charged with a fee of 0.0005 BTC. Here you can find the complete information about withdrawal charges:



Many cryptocurrencies offered

Although it was launched in mid-Septemner 2017, KuCoin already offers a substantial number of coins for trade (around 80), and keeps adding new ones. On their website, pairs are grouped into 5 categories: BTC, ETH, NEO, USDT and KCS markets. It was even the first exchange to launch trading in the RedPulse token (RPX).


To date (late November, 2017), the most traded pairs on KuCoin are: RPX/BTC, NEO/BTC, ETH/BTC, and KCS/BTC.


Good platform with advanced charting

KuCoin’s has developed a web-based trading platform with nice design that has some advanced charting with technical indicators, powered by TradingView. Besides, mobile apps for Android and iOS are coming soon, currently available in beta version. Here is a snapshot of KuCoin’s platform:



Sufficient liquidity

Although KuCoin is a newly-launched exchange, it seems that it doesn’t have issues with liquidity, at least regarding popular cryptocurrencies.


Promotions available

KuCoin offers a bunch of promotions: a referral program, top traders bonus promotion, and discount options for those holding its KCS token. Here is how the latter works:You get up to 30% discount on trading fees when you use their KuCoin Shares.


KuCoin Disadvantages


Does not support traditional fiat currencies

On KuCoin’s exchange you cannot exchange your dollars for Bitcon, or vice versa. Supporting fiat currencies is an advantage, especially for beginners, who don't have any coins yet. Accordingly, the only payment methods accepted by the exchange, are blockchain transfers. Those who’d rather use their bank accounts or proceed payments with credit cards, may check out some exchanges which offers such options.


>>Where you can buy Bitcoin with credit card<<


Not regulated, not much info about the company

Unsurprisingly, KuCoin is not a regulated exchange. As most of you probably know, very few exchanges operate with some sort of licenses, as most countries have not developed relevant legislation regarding such service providers yet.


On KuCoin`s website, one can take a look at a bunch of pictures of the exchange’s team members, but actually there is no information about the company owning the site and the brand.


No margin trading

Unlike some cryptocurrency exchanges, like Kraken, Quoinex and others, KuCoin does not provide margin trading. So, if you want to gear-up your trading, you may either choose another exchange, or try out trading cryptocurrencies with a forex broker. Most of them offer higher levels than crypto-exchanges.


>> Brokers offering leveraged Bitcoin trading <<




KuCoin is a newly-launched crypto-to-crypto exchange where you can trade in Bitcoin, Ethereum, Litecoin, and many more plus its own shares cryptocurrency.


There are a number of benefits of trading on KuCoin: it is low-cost trading on advanced platform, trading volumes on most assets are good, and besides, there are different promotions running.


On the downside, fiat currencies are not supported, and the information about the company owning and operating the exchange is limited to its Hong Kong headquarters. Of course, it is not overseen by any authority, as currently the legal status of crypto-exchanges is still unclear.


For those of you who prefer trading with a licensed corporate body, there is yet another option – to trade cryptocurrency CFDs with forex brokers.

>> A list of regulated bitcoin forex brokers <<


Pros Cons
Competitive trading & withdrawal fees No fiat currencies supported, bank transfers & credit cards not accepted
Platform with advanced features Not regulated
Wide range of altcoins offered No margin trading
Platform with advanced features  


Latest news about KuCoin
No news about KuCoin. Check back later.
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Traders` reviews for KuCoin
















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Stay away from this exchange

Jess 06/17/2019


I have been trading crypto for several years .

I had over 300k ocn coin on Kucoin I have two factor authentication I have three different passwords used for with drawal.

I was robbed by an IP address in bulgaria I am in Texas .

I received and email stating I requested api keys and asked if I wanted to confirm the email stated hurry if you did not request this to your account.

I did not confirm the email went to my account somone had by passed the two factor authentication figured out the three passwords and somehow managed to get my email.

This is an inside job and a total scam ..

Hacked two factor confirmed email and figure out three passwords and confirm the email .

The letter I got from Kucoin sounded like it came from some kids hurry if you didnt ask for this and dont confirm.


Ripped off 04/07/2018


More than $700 worth of coins vanished after being order. The order history shows the coins should be in the account.

Darkside 04/02/2018

Coins dissapeared from my account


I have no NEO coins in my account and there is no history in the active/dealt orders or in the withdrawals.
They've responded that there is a issue with the platform, the coin are safe and they should be seen in the account after a while. After half a day the situation is the same..

Constantin Caciur 02/03/2018

Keep away from Kucoin

many people lost their money there,have no access to account, support doesnt respond, seems like doesnt exist, coins disappear from account, if you dont want to loose cash, keep away from them

Tomasz Janowski 01/16/2018

transaction history

I am looking for a way to look at my transaction history for my trades. I think I bought this am but I am not sure that my transaction was completed. Where can I find the information?

Jack Bakerink 01/10/2018

Trouble setting up account

I'm trying to set up an account and I'm receiving "account already taken". I'm using my email address unique to me. Is there a delay for me to receive the account verification.


Paul Sookhai 01/08/2018

The Marketing Focus Of KuCoin

The focus on the marketing is a big bonus to create liquidity on the exchange. Users are incentivized to hold the KuCoin and to buy their cryptocurrencies on this exchange. It has an easy to use interface, small trading fees which makes the trading easy.

Aquila Ashney 01/04/2018

Kucoin nice surprise

I am using Kucoin exchange for a while now. No single issue. Email notification with each deposit/withdraw. 2FA standard but this exchange ask you two times before but crypto - nice. I am happy with it, in days when exchange can keep your BTC/ETH (wallet maintenance or another story) Kucoin is 4.5/5 exchange.

nexus2k 12/25/2017
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