Thanks to a wide selection of cryptocurrencies (over 250) and features like fast buy, P2P trade, among others, KuCoin is one of the go-to crypto exchanges. KuCoin allows you to buy bitcoin and other cryptocurrencies at very low fees.
Keep reading, this post will discuss the KuCoin exchange in detail. We will cover everything from how do you buy bitcoin on KuCoin to its features.
KuCoin was launched in September 2017. However, the company was founded back in 2013 by a group of crypto enthusiasts – Michael Gan, Eric Don, Top Lan, Kent Li, John Lee, Jack Zhu, and Linda Lin. Currently, the company is headquartered in Seychelles. To develop the KuCoin exchange, the company raised nearly $200k in BTC at the time of their ICO. The ICO started on August 13, 2017, and continued till September 1, 2017.
KuCoin At A Glance
KuCoin is a crypto-to-crypto exchange, which means you can buy cryptocurrencies in exchange for other crypto coins. KuCoin doesn’t support fiat currencies as of now. However, you will find many pairs of USDT.
Currently, you can buy bitcoin and over 250 other cryptocurrencies on the KuCoin exchange. Plus, it has over 600 live markets. The exchange features real-time order books and advanced charts for in-depth analysis of your trades.
The user interface of this platform is clutter-free and easy to navigate. Talking about fees, KuCoin charges a flat 0.1% fee per trade. Moreover, you can get an additional discount if you hold a certain amount of KCS, KuCoin Shares, KuCoin’s native crypto token. Also, it has a dedicated mobile application for both Android and iOS devices.
Thanks to all these features, KuCoin is currently the fifth-largest exchange in the world in terms of 24-hour trading volume, according to CoinMarketCap. No wonder why 1 out of 4 crypto holders is with KuCoin!
KuCoin has a wide collection of crypto coins with nearly 288 cryptocurrencies. The major cryptocurrencies include –
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Dash (DASH)
- Ripple (XRP)
- EOS (EOS)
- Tron (TRX)
- Tether (USDT)
- NEO (NEO)
● KuCoin Exchange
This is the main offering of the platform. You can buy bitcoin and other cryptocurrencies using other crypto coins at a 0.1% fee using this exchange.
● KuCoin Futures
KuCoin Futures allows you to trade BTC and USDT margin contracts at 100x leverage. There are two versions of this service – for beginners and advanced traders. KuCoin margin trading allows trading crypto pairs including Bitcoin, Ethereum, Litecoin, and Ripple among others with up to 10x leverage.
● Peer-to-Peer Fiat Trade
If you wish to trade cryptocurrencies like USDT, BTC, ETH, PAX, and CADH directly with other merchants, P2P trade is for you. Here you can pay using USD, CNY, IDR, VND, and CAD via PayPal, Wire transfers, and other popular payment methods.
● KuCoin Instant Exchange
This feature allows you to swap cryptocurrencies instantly for free (as of now).
● KuCoin Earn
KuCoin allows you to earn up to 15% annual yield on your cryptocurrencies via KuCoin Earn. With this program, you can lend, pool, or stake or crypto-assets and earn interests.
● KuCoin Fast Buy
KuCoin Fast Buy service allows you to make quick trades for a low fee. Also, you can pay using fiat cash – IDR, VND, and CNY by several payment gateways.
- Excellent selection of cryptocurrencies (over 250)
- Fiat currency supported for P2P trades and fast buy
- Beginner-friendly exchange
- Bank-level security
- No necessary KYC checks
- Low trading fees
- Liquidity issues for not-so-popular cryptocurrencies
- No fiat trading pairs
How Do You Buy Bitcoin Using KuCoin?
- Make your KuCoin account
- Once you log into your account select Buy Crypto, the second option on the top-left corner
- From the dropdown menu select Buy with Credit/Debit Card
- Enter the amount you want to spend in the ‘I Want to Spend Section’ and select BTC in the ‘I Want To Buy’ option.
- Now select your preferred payment method and choose your payment gateway – Simplex/Banxa/BTC Direct
- Read the Disclaimer and hit ‘Confirm’ if you agree. You will be directed to the selected payment channel page to complete the payment
KuCoin has everything to be in the top crypto exchanges. Supported crypto assets, intuitive website, mobile application, advanced charting tools, low fees, high liquidity, you name it, KuCoin has it all.