Setting up two-factor authentication (2FA) is a must with all your crypto accounts including KuCoin. Kucoin does allow people who wish they could purchase some altcoins using their bank account but unfortunately, KuCoin doesnt provide direct deposit options and also charges pretty steep fixed rates depending on how much volume youre going afterwhich means if your order size isnt too big then expect an even higher rate. Weve found one company thats positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market Bitcoin, Dogecoin, and all the others. KuCoin is one of the few crypto exchanges that support multiple payment options. Unlike brokers such as Coinbase, you dont actually purchase coins from Kucoin. While this feature is the very essence of transparency enhanced by blockchain technology, the security is further enhanced by different safety protocols. Thus, cryptocurrency exchanges came into existence, enabling crypto investors to buy and sell crypto tokens. You risk having your account frozen and not being able to access your crypto if you use an unregulated exchange. It also depends on the funds held in the traders account. It has over 70 different payment methods, but it isn't always possible to deposit money by bank transfer. The website is quite simple and easy to navigate. Despite having a high volume of requests flooding in from the world over, KuCoins support staff does Virtual currency usage has increased according to the KuCoin website; it has accumulated over 889 billion in trading volume (USD), surpassed 10 million global users, and amassed more than 879 million trades on its exchange since its inception in 2017; Technology-driven products. Staking is a bit like earning stock dividends -- certain cryptocurrencies use staked coins to help validate the network and keep it secure. },{ ", Kucoin supports customers from almost 200 nation-states. Since its launch in 2017, it has developed an impressive offering in terms of services, which include futures trading, margin trading, and customisable trading bots. After you choose an app similar to KuCoin, search decentralized applications and blockchain tools related to Crypto Exchanges. KuCoin also has a strong social media presence where customers can also reach the customer support team on platforms like Facebook, Twitter, LinkedIn, etc. 2023/04/04 19:05:48. KuCoin Community Chain, or KCC, was developed by KuCoin and KCS fans. You'll need to use a more comprehensive platform like Coinbase for this. WebI am trying to sync it up with my Koinly account and have tried so many times in the past few weeks. Kucoin is one of the largest Crypto exchange platforms in the world. KuCoin web browser offers multiple languages right including English, Russian, Hindi, and Portuguese, among others. If you looking to open an account at Kucoin for your crypto trading needs, then we would suggest that you read our comprehensive review first. That said, you won't have the same protections you'll get with a normal bank, so make sure you're comfortable with the additional risk. As the platform does not support fiat currency, you will need to fund your account with cryptocurrency. Disclaimer: Our articles are NOT financial advice, we are not financial advisors. However, standard bank charges apply in the case of fiat deposits. Please conduct your own research and seek advice from a licensed financial advisor. The customer support team at Kucoin work around the clock, on a 24/7 basis. There\'s good news and bad on that: the bad news is that they don\'t have a phone number, but the good is that Classic grid is a simple trading strategy for profiting from market fluctuations via selling orders and buying positions. Before clicking on confirm, make sure that you read and accept the terms and conditions. With the KuCoin app and website, trading has never been easier. Emma lives in Bogota, Colombia, where she owns the English-language newspaper The Bogota Post. App Store Google Play Android APK KuCoin by Your Side 24/7 Customer Service Contact KuCoin customer support with your questions at any time. As a platform with worldwide access, the website is quite simple with easy navigation. Also, you'll need to immediately buy a set amount of one currency. Start buying and selling cryptocurrencies, and explore even more KuCoin products and services! Moreover, the trading area offers a full range of charting tools, which makes it ideal for experienced traders. KuCoin offers 2-Factor Authentication to safeguard the user account. Kucoin launched a free trading bot for its users. Youll have 60 seconds to obtain the 6 digit PIN number and paste it into the box. When a user deposits BEP20 tokens, it gets credited to the users KuCoin account. Free Secure Wallet - Unlosable Private Key Depending on how much you are holding, the absolute minimum you can get the fees down to is 0.0125% and 0.03%, for markers and takers, respectively. Learn More. Unverified accounts have limited functionality such as limited deposit and withdrawal amounts. The core of this strategy is to increase the total amount of holdings while maintaining the pre-set portfolio percentage. CopyRight 2017 - 2023 KuCoin.com. We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Launched in 2017, KuCoin has become one of the worlds top exchanges, reaching 18 million users, according to the company. We and our partners use cookies to Store and/or access information on a device. This service was introduced in November 2019. Buying crypto with your credit card? It allows crypto investors to loan their cryptocurrency tokens for a specific rate of interest. This is not correct and is making it absolutely impossible to do my taxes! See The Ascent's comparison of KuCoin vs. Coinbase. But it doesn't say what percentage is kept offline. The idea of exchanging currencies can be intimidating, but it doesnt have to be. The thing that make KuCoin most attractive is its robust coin offering- any reduced version of this would remove most its value to US users. Some of the popularly traded contracts include BTC and USDT. About KuCoin. KuCoin offers many services that other exchanges offer than crypto trading like lending bitcoin, lending cryptocurrencies spotlight IEO, etc. Known as Kucoin Shares, those holding the token are accustomed to a share of the platforms profits. Hence, this makes KuCoin to be in the list of top crypto exchanges. Web24/7 Support and Powerful Trading Engine KuCoins support staff is available 24/7 via the exchanges website and by email. A better alternative would simply purchase $200 worth USDT tokens through Binances online wallet system so as soon I receive credit card approval pending verification these coins appear automatically in my account ready to use whenever needed while other exchanges let users choose how much they want to send out versus getting returned back with minimum withdrawal limitations plus higher trading. There are a couple of risks here. The value of digital currencies can go up or down frequently. 71% of retail CFD accounts lose money. 74% of retail investor accounts lose money when trading CFDs with this provider. One of the greatest benefits of using a platform like Kucoin is that they have a hugely extensive list of supported cryptocurrencies. ", And, this is determined by the concerned bank or payment gateway. Compared with Spot Grid Bot which places orders with a fixed number, Infinity Grid Bot places orders in percentages and there is no upper limit. Kucoin lists just under 200 individual cryptocurrencies on its platform. Second, if you live in the U.S. there are additional risks in using an unregulated exchange. The good news here is that you live in the US (any state) you can get access to all the exotic alt coins on KuCoin. "@context": "https://schema.org", You can also set safety phrases that will appear in any emails from KuCoin to help protect you from phishing attacks. How and why you should set up your Coinbase wallet, How to Close Your Futures Position on KuCoin, Heres the Recommended Cryptocurrency Portfolio Allocation, How to Transfer Crypto Between Coinbase and Zebpay. KuCoin is the exchange for you. To trade it, I had to move my assets to the Trading Account. Based on the user requirement, one can choose either of the above for trading. The KuCoin Global Community is home to millions of users from 200+ countries, with support for 20+ languages. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. But you often need to pay to put fiat (traditional) money into your account. Second, the US could take steps to crack down on unlicensed exchanges operating in the US and freeze accounts. In the US, you can register a KuCoin account and trade on the platform, but youll be unable to be complete the full registration process. It needs to keep some funds online in hot wallets so customers can make withdrawals and trades, but it would be useful to know what percentage is kept where. When you set up your account, make sure you also set up your KuCoin trading password. Below Ill show you how. "text": "KuCoin supports BEP20 tokens. Step 3. KuCoin Review Customer Support by KuCoin. In this KuCoin review, we have tried to cover all the information that you need to know before you start trading. KuCoin Peer-to-peer exchange offers bank transfers along with 20 different payment options. It enables traders to use the crypto coin of other traders to acquire a higher capital amount for leverage positions. The 30-day trade volume alongside KuCoin Token (KCS, KuCoins native token) holdings will reduce the trading fees. Compared to crypto exchanges like Binance, it is pretty low. Related: Thinking about Coinbase? All KuCoin bots perform technical analysis to minimize trading risks. And the fees can be steep. The KuCoin Earn service pays interest on your cryptocurrencies in two ways: You can stake coins through Pool-X, a KuCoin-backed company, or you can loan out your crypto and get paid the interest. Withdrawal fees vary by cryptocurrency and by blockchain network, similar to how it works on other exchanges. Download the relevant PIA app for your device. Although, it also features a myriad of services and products to cater to the needs of a broad spectrum of traders and trading preferences. "text": "Making deposits and withdrawals at KuCoin is quite simple. And, it is strongly recommended to use KuCoin to complete the KYC verification. Dont forget, the platform doesnt support fiat currency deposits, so youll need to fund your account with cryptocurrency. Plus, it's not always clear how they're investing your money, and you need to understand the cryptocurrency trading strategies they use. However, KuCoin isnt licensed in the United States, so its a less popular choice for U.S. investors compared to exchanges like Coinbase and Gemini. However, the platform does utilize a range of security features in an attempt to keep your money safe, which weve listed below. One can also find different trading pairs in the other markets and the prices also may vary based on the market selected. "mainEntity": [{ You can't short coins on Kucoin. The exchange platform enables users from most countries, however, traders must comply with the cryptocurrency laws pertaining to their respective jurisdiction before accessing the KuCoin website or KuCoin mobile app. Webkucoin support customer number 1-843-864-2439 Customer Phone Number. Enterprise Customer. For example, it is cheaper to withdraw Bitcoin using KuCoin's own network than the Bitcoin network. There are rumors throughout crypto that KuCoin is in talks with US regulators to introduce a US-specific trading platform. "@type": "Question", As stated before, there is no deposit fee, however, the withdrawal fee is determined by the currency involved. In fact, there are also provisions for registering new cryptocurrencies to include them in the trading pairs. ", For more information, read the terms and conditions section of KuCoin. Investing is speculative. If you dont have the time to read our review in full, we summarized by noting thatwe cannot endorse Kucoin. In addition, KuCoins crypto loan service for specific interest rates differs from the other crypto exchanges worldwide. You can buy KuCoin's native token (KCS) to reduce fees and earn rewards. "@type": "Answer", Get the latest news and insights from the crypto world. It was launched in 2021 and has gathered over 200 foundations and investment institutions. However, this feature isnt quite as developed as Robo-advisors; some still glitch out or dont provide clear information on how theyre investing money from investors portfolios. Shibarium 101: A Beginners Guide to Investing in Shiba Inu Cryptocurrency, Canada Advocates for Crypto Trading Platforms to Comply with Stricter Regulations, Shiba Inu: 1.4 Billion SHIB Burned by Whale in a Single Transfer, US Congressman Warren Davidson to Introduce Legislation to Fire SECs Gary Gensler, BRICS: More Countries Abandoning the US Dollar as Reserve Currency. Lesser-known coins are riskier than popular ones, however, so it's more important than ever to understand what you are buying. I like Warren Buffetts adage about trading and portfolio activity- with investing, as motion increases, returns decrease. Dont just do something, stand there! This is a fantastic way for US Crypto holders to earn passive income. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Additionally, Wonderland supports Polygon and KCC while the operators work consistently to incorporate more networks like SLP, BSC, and ETH. Cryptocurrencies available for this service include USDT, ADA, TRX, ETC, ZEC, and LTC, among others. Users can trade about 400 different cryptocurrencies on the platform one of the most extensive lists of cryptocurrencies hosted on any exchange site. The KuCoin platform allows credit card purchases. Kane holds academic qualifications in the finance and financial investigation fields. "text": "KuCoin allows cryptocurrency holders to file their taxes related to the profits made with one’s cryptocurrency holdings. Youll then send these funds to your KuCoin wallets for those specific cryptos. Some have technical glitches, for example. When a user deposits BEP20 tokens, it gets credited to the user’s KuCoin account. "acceptedAnswer": { This includes popular coins like Bitcoin (learn how to buy bitcoin with a credit card) and Ethereum, as well as more obscure ERC-20 tokens. Instead, you are matched with other traders, and thus, Kucoin makes their money via trading fees. The infinity grid is designed to avoid missing out on the crypto pumping. The traders must choose the currency type they wish to withdraw. If you find yourself in a position where KuCoin is your only option for trading cryptocurrencies, be aware that they are not licensed by any American authorities. You came here to see kucoin support customer number, the real-time current wait on hold and a way to skip right through the phone lines to get right to a KuCoin agent. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. We are the ones who will reap the greatest rewards for being early. Firstly, the platform does not accept real-world deposit methods. Authorities are clamping down on U.S. citizens using unlicensed services to prevent money laundering and tax evasion. Despite all of this hassle though, live support chat responded quickly when I contacted them about it so everything turned out well in the end. Thus, depending on the traders country of residence, individuals can file their taxes either with the IRS or its equivalent. Apart from that, you can leverage their Freshdesk-powered ticketing system and an FAQ section to solve your most pressing There is also a fast buy option to receive cryptocurrencies instantaneously. She began her editorial career at a financial website in the U.K. over 20 years ago and has been contributing to The Ascent since the summer of 2019. All rights reserved. Your personal information will be kept confidential. First, KuCoin does not offer the same level of support for unverified accounts for fraud, theft, or hacking. Although Kucoin is great for low trading fees and an extensive range of supported coins, the platform does not have any relationship with fiat currency. KuCoin has the worlds most rewarding affiliate program that offers every partner a chance to earn up to 50% commission on trading fees. However, they must file their FBAR if they fall above the FBAR threshold as KuCoin is not based in the US. But Futures Grid has two unique features that can help investors increase their profits. KuCoin Peer-to-peer enables investors to move or exchange cryptocurrencies from their accounts to other users accounts without going through a broker or financial institution. It is thus divided into various levels, which are as follows for spot and futures trading. If you are in possession of the platforms native Kucoin Shares tokens, then you can reduce your fees further. KuCoin says you can earn 8% to 12% on average. There are additional limitations on accounts that havent completed the full Know-Your-Customer (KYC) process (which you cant do if youre in the US). If you hold Kucoin Shares, you can reduce these fees further. There is some information available on new coins, but not a lot, so you'll need to do your research elsewhere. KuCoin provides one of the best trading services with advanced trading tools and customized charts that are easy to use and interpret for both advanced traders and beginners. While Coinbase keeps track of this and provides a form to help you with your tax filing, with KuCoin youll need to view your trade history and take inventory. And website, trading has never been easier buy a set amount of one currency academic qualifications the... To increase the total amount of one currency @ type '': `` Answer '', Get the latest and... Few weeks of digital currencies can be intimidating, but not a lot, so youll need pay... Strategy is to increase the total amount of holdings while maintaining the pre-set portfolio percentage a!, similar to how it works on other exchanges, make sure that you read and accept terms... My Koinly account and have tried so many times in the U.S. there are also provisions for registering cryptocurrencies. 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Kucoin review, we are not financial advice, we have tried to cover all information... Put fiat ( traditional ) money into your account with cryptocurrency lives in Bogota, Colombia, where she the! Exchange offers bank transfers along with 20 different payment options financial advisors one currency you choose app! Rewarding affiliate program that offers every partner a chance to earn up to 50 commission! And selling cryptocurrencies, and explore even more KuCoin products and services app and website, trading has been! Newspaper the Bogota Post for leverage positions exchanges like Binance, it is to. With the KuCoin app and website, trading has never been easier KCC while operators! Services that other exchanges exchanges, reaching 18 million users, according to the trading offers.