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Kucoin Review – Is it Legit? (July 2024)

Unbeatably Low Trading Costs and Fees

Reviewed By |

Overall Rating



Fees: 0.1% Trading Fee (Maximum)

Best For: VIP Program

Warning: Trading in cryptocurrency is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.

Launched in August 2017, KuCoin is a well-known name in the industry, and one of the most competitive in the sector when it comes to fees and trading costs. The exchange has grown exponentially from the early days of offering only crypto to crypto trading and they now offer a varied range of services including a P2P exchange capability, purchasing with credit or debit cards, and even their own share tokens which are funded by trading fees and recirculated into the community trading on the exchange.


*As of March 26th, 2024, KuCoin has been indicted by the DOJ for various charges stemming from the absence of proper AML/KYC measures on its platform up to 2023.  Notably, the exchange does not accept U.S. based client, and has not for some time *


  • Very low trading fees from 0.1%
  • Futures trading available
  • Hundreds of assets avaialble to trade
  • User-friendly trading platform


  • Higher fees for fiat-crypto trades
  • NO direct bank deposits available



KuCoin as an exchange and the developers behind it have been working in the sector for almost a decade. Through this period of time, and the community focus which they have continued to inject into the operation, they undoubtedly recognize the important role that a secure trading environment has to play.

To this end, with KuCoin, you can expect some of the most advanced security measures to be in place to help protect you as a trader. These measures have been compared to banking-level security in what is provided.

Some of the features here at KuCoin keeping you safe include dynamic multifactor authentication, and multilayer encryption to ensure the safest environment possible for all transactions and account holders. The exchange also facilitate micro-withdrawal wallets to both split and further secure your withdrawals as they take place.

Beyond this, the exchange has an excellent reputation when it comes to security. They dedicate a huge amount of resources to keeping you safe, and keeping the exchange completely secure. Their record of success and reputation in the industry for continually evolving and improving on their security features have helped build this reputation.

Investment Products


KuCoin has one of the widest selections of cryptocurrency assets available for trading that you will find in the sector. There are in excess of 200 cryptos to choose from, with more being added all the time. Combining these assets together with the support that the exchange now has for dozens of fiat currencies around the world, and there are more than 500 assets that you can trade in through KuCoin.

You do not only have to trade these spot markets either. At KuCoin, you can now trade many futures through the exchange. Here you can trade either long or short positions, and you can also engage in margin trading with the exchange offering leverage of up to 100:1 depending on your account.

This evolution of investment products made available by the exchange is a signal of their strength within the industry, while the development of the KuCoin P2P trading desk where you can exchange crypto directly with other merchants and in many cases through payment of major fiat currencies like the US Dollar is another testament to this.

Commission & Fees


There are few in the sector who can better KuCoin when it comes to commissions and fees. Together with Binance, they have worked hard to create the best value trading environment possible.

The standard trading fee which is applied to all spot trades at KuCoin is 0.1%. This standard fee can drop even lower depending on how many KuCoin Shares (KCS) you are holding, though it is still the most competitive in the industry.

A withdrawal fee can apply, but again this is typically in line with what Binance also charges, and tends to be more competitive across the board to most other exchanges. As an example, the BTC withdrawal fee is 0.0004 BTC though the fee with vary depending on the coin. If you are purchasing crypto with fiat currencies directly through the P2P function, then the fees will depend on your payment method, though these typically range from 3% to a maximum of 6%.

Trading Platform


As trading platforms go, the KuCoin trading platform is relatively easy to navigate and is concisely designed with all levels of trader in mind. The trading platform opens in your browser so there is no need for a download.

The platform is quite attractive in its design and very efficient in terms of order execution. There is almost no delay from your action to execute, and the order being carried out.    You can navigate quickly through to the order window where you have several order types available while you can also engage in more detailed technical analysis and charting through the TradingVIew features offered. This may be perfect of you are a more experienced trader.

Through the trading platform, you will also have access to a news section which can keep you up to date with all the latest changes in the market. If you are trading on mobile then KuCoin also has a great mobile app which is available for both iOS and Android and which will keep you trading conveniently and without any loss of functionality.

Customer Support


With customer support, KuCoin has a multitude of channels covered for around the clock support that is highly professional in many ways. These online channels include an online chat function which can connect you with a support agent to answer your questions. In fact, the exchange has a fully-dedicated help center available which features not only a detailed FAQ section to help you, but also a wide range of educational content which can further support you.

You can also reach out to the support team for a fast response via any number of popular online social media channels like Telegram, Reddit, Facebook, and more where they maintain a strong presence.



Overall, KuCoin has one of the most comprehensive offerings in the industry to traders. They have combined top-class security measures with a huge range of asset availability, and some of the lowest trading fees around. This, in combination with the very intuitive trading platform, and increasing number of additional features such as the ability to trade on leverage, and benefit from holding some of the native KCS coins, make KuCoin a very strong force in the sector, and one which looks set to continue being at the forefront of the industry.