KuCoin history

KuCoin, founded in September 2017, has quickly grown to become one of the most recognisable cryptocurrency exchanges in the world. KuCoin’s story begins with its founder, Michael Gan, who, along with a team of like-minded individuals, set out to create a platform designed to simplify access to cryptocurrencies for users around the world. Gan and his team emphasised security, user experience and innovation in an effort to make cryptocurrency trading accessible and understandable to a wide audience.

From the very beginning, KuCoin has endeavoured to provide users with a wide range of cryptocurrencies, including both popular and little-known altcoins. This allowed the exchange to quickly gain popularity among traders looking for new investment opportunities. Special attention was paid to creating a user-friendly interface and providing a high level of customer support, which made KuCoin the preferred choice for many users.

In addition to traditional trading services, KuCoin has been innovative in developing its own services, such as KuCoin Shares (KCS), the exchange’s proprietary token that offers holders various benefits, including discounts on commissions and a share in trading revenues. KCS quickly attracted the attention of investors and added additional value to the KuCoin ecosystem.

The exchange has also developed and implemented a number of additional services aimed at meeting the diverse needs of its users. These include KuCoin Spotlight to support and promote new cryptocurrency projects, as well as KuCoin Futures and KuCoin Margin Trading for advanced traders wishing to use sophisticated trading strategies.

One of the important milestones in KuCoin’s history was overcoming various challenges, including hacker attack attempts. The exchange has demonstrated its commitment to security and protection of user funds by promptly responding to incidents and restoring its systems’ operability.

In the following years, KuCoin continued to expand its presence in the global market, introducing new technologies and services to provide a better user experience. Today, the exchange is a powerful platform with millions of users worldwide, offering more than 200 cryptocurrencies for trading and remaining one of the key players in the cryptocurrency industry.

KuCoin’s story is a tale of relentless pursuit of innovation, focus on the needs of the community and constant development and adaptation to the changing world of cryptocurrencies. The creation of KuCoin reflects the evolution of the cryptocurrency ecosystem and the ambition to provide access to digital assets to a wide range of users. With its clever use of technology and constant endeavour to improve user experience, KuCoin continues to occupy an important place in the cryptocurrency industry, attracting new users and supporting the development of blockchain technologies.

Company website: www.www.kucoin.com

Year of foundation: 2017

Daily visitors: 517,633

Daily pageviews: 2,846,982

Alexa Rank: 7016

Trading volume: 2,821,497,265 $

 

How to cash out on KuCoin

Withdrawing funds from KuCoin exchange is a simple and secure process that allows users to transfer their cryptocurrencies or fiat money to external wallets or bank accounts. To successfully complete a withdrawal, follow these steps:

Step 1: Log in to your KuCoin account

The first thing to do is to log in to your KuCoin account. Once logged in, go to the “Assets” section, which is usually located in the top menu.

Step 2: Selecting the type of assets to withdraw

In the Assets section, select Withdraw. You will then be presented with a page that asks you to select the cryptocurrency you want to withdraw. Make sure you select the correct cryptocurrency you want to withdraw, as different currencies require you to provide the appropriate wallet addresses.

Step 3: Entering the wallet address

After selecting the cryptocurrency, you will need to enter the address of the wallet to which the funds will be sent. It is important to double check the correctness of the entered address, as in case of an error the funds may be lost.

Step 4: Specify the withdrawal amount

Enter the amount of cryptocurrency you want to withdraw. Pay attention to the minimum and maximum withdrawal amount, as well as the withdrawal fee, which will be automatically deducted from the withdrawal amount.

Step 5: Confirm output

After entering all required data, verify the information is correct and confirm the withdrawal. Depending on the security settings of your account, you may be required to undergo additional verification, for example through two-factor authentication (2FA) or email confirmation.

Step 6: Waiting for transaction processing

After confirming the withdrawal, it remains to wait for the transaction to be processed. The processing time may vary depending on the current network load and the selected cryptocurrency.

Please be aware that the process of withdrawing fiat money may vary, especially in terms of available withdrawal methods and verification requirements. Withdrawing fiat funds may require additional steps, including selecting an appropriate withdrawal method and possibly providing additional personal information or documents in accordance with KYC (Know Your Customer) requirements.

It is important to note that to ensure the safety of your account and funds, you should always use reliable and verified wallet addresses and be careful about the process of verifying transactions.

How to create an account on KuCoin

Creating an account on KuCoin is a relatively simple process that allows users to start trading cryptocurrencies as soon as possible. Here is a step-by-step guide to creating a KuCoin account:

Step 1: Visit the KuCoin website

Go to the official KuCoin website (www.kucoin.com) and look for the “Sign Up” or “Sign Up” button, which is usually located in the top right corner of the homepage.

Step 2: Entering basic information

On the registration page, you will be prompted to enter basic information, including your email address and password. Make sure you use a strong and unique password to ensure the security of your account. Once you have entered your information, click on the “Register” or “Sign Up” button to continue.

Step 3: Confirm your email

After submitting the registration form, an email with a confirmation link will be sent to the email address you provided. Follow the link in the email to activate your KuCoin account.

Step 4: Set up two-factor authentication (2FA)

To further protect your account, KuCoin recommends setting up two-factor authentication (2FA). This can be done through a one-time password generation application such as Google Authenticator or Authy. Follow the instructions on the KuCoin website to complete the 2FA setup.

Step 5: Verification of identity (KYC)

While it is possible to start trading on KuCoin without undergoing identity verification, you may be required to complete the KYC (Know Your Customer) process to access all platform features and increase withdrawal limits. This involves providing additional personal information and documents to prove your identity.

Step 6: Fund your account and start trading

After completing registration and all security settings, you can proceed to deposit funds into your KuCoin account using cryptocurrency or selected fiat payment methods (if available). Follow the instructions on the platform to deposit funds and start trading.

Creating an account on KuCoin opens up the world of cryptocurrency trading with access to a wide range of assets and instruments. It is important to take account security seriously, using strong passwords and setting up two-factor authentication to protect your funds and personal data.

How to make a deposit on KuCoin

Depositing on KuCoin is the process of funding your account with cryptocurrency or fiat funds to start trading on the platform. This process involves a few simple steps to help you safely deposit funds into your account. Here’s how you can do it:

Step 1: Log in to your KuCoin account

To get started, log in to your KuCoin account. If you don’t have an account yet, you will need to go through the registration process.

Step 2: Accessing the “Deposit” section

After logging in, go to the “Assets” section and select the “Deposit” or “Deposit” option. Here you will see a list of available cryptocurrencies that you can deposit to your account.

Step 3: Choosing a cryptocurrency for deposit

Select the cryptocurrency you want to deposit. Make sure you select the correct cryptocurrency, as sending cryptocurrency to the wrong address may result in loss of funds.

Step 4: Obtaining a deposit address

After selecting a cryptocurrency, the system will generate a wallet address for the deposit. This address must be used to send cryptocurrency from an external wallet or other exchange. Be sure to double check the address before executing the transaction.

Step 5: Sending cryptocurrency

Go to your external wallet or other exchange where your cryptocurrencies are stored and make a transaction to the deposit address specified on KuCoin. Enter the amount you want to deposit and confirm the transaction.

Step 6: Confirmation and crediting of funds

Once a transaction is sent, it must be validated by the cryptocurrency network. The waiting time may vary depending on the network load and the selected cryptocurrency. Once the transaction is confirmed with the required number of blocks, the funds will be credited to your KuCoin account.

Additional tips:

• Always check the minimum deposit amount for your chosen cryptocurrency to avoid misunderstandings.
• Use two-factor authentication and all available security measures when making transactions to protect your account and funds.
• To deposit fiat funds into your KuCoin account, you may be required to undergo additional KYC (know your customer) verification procedures.

By following these steps, you can safely and efficiently fund your KuCoin account and start trading cryptocurrencies.

What currencies KuCoin accepts

KuCoin, known for its extensive support of various cryptocurrencies, offers users an extensive selection of currencies for trading, storing and exchanging. The exchange is actively expanding its range of assets in an effort to meet the needs of a diverse audience of traders. Below is a general overview of the types of currencies accepted on KuCoin to give an idea of the diversity of the platform’s offerings.

Cryptocurrencies

KuCoin supports hundreds of cryptocurrencies, including both major and lesser-known altcoins. Among the most popular cryptocurrencies available on the platform are:

• Bitcoin (BTC): As the first and most well-known cryptocurrency, Bitcoin takes centre stage in KuCoin’s portfolio.
• Ethereum (ETH): The second most capitalised cryptocurrency, representing a platform for creating decentralised applications.
• Litecoin (LTC): One of the first alternatives to Bitcoin, offering faster transactions.
• Ripple (XRP): Known for its efficiency in processing international payments.
• Cardano (ADA): A project with a focus on safety and sustainability through a research-based approach.
• Polkadot (DOT) and Solana (SOL): Innovative projects addressing the scalability of blockchain.

This is just a small fraction of the available cryptocurrencies, and KuCoin is constantly adding new assets to reflect market developments and community interests.

Stablecoins

KuCoin also offers a wide range of stablecoins – cryptocurrencies whose value is linked to more stable assets such as fiat currencies. Among them:

• Tether (USDT): The most popular stablecoin pegged to the US dollar.
• USD Coin (USDC): A stablecoin that is also pegged to the US dollar and offers a high level of transparency.
• DAI: A decentralised stablecoin pegged to the US dollar, backed by collateral in Ethereum.

Fiat currencies

KuCoin allows users to fund their accounts and withdraw funds in fiat currencies through various payment methods, including bank transfers and payment systems. However, the availability of certain fiat currencies and payment methods may vary depending on the user’s country.

It is important to note that KuCoin regularly updates the list of supported assets and currencies, so it is recommended to visit the official website or contact KuCoin support to get the most up-to-date information. The platform aims to offer a wide range of currencies and services to meet the needs of its users on a global scale. KuCoin continues to follow the cryptocurrency market trends and adapt its services to provide users with access to new and promising assets, while maintaining strict security standards and platform usability.

In which countries KuCoin exchange is registered

KuCoin, a prominent global cryptocurrency exchange, operates in more than 200 countries, demonstrating its extensive presence on all continents, including North and South America, Europe, Asia, Africa and Oceania. Among the countries where KuCoin is actively offering its services are the United States, Canada, Brazil, United Kingdom, Germany, Japan, India, Australia and South Africa, among many others. Despite global availability, the availability of specific services and cryptocurrencies on KuCoin may vary due to local financial regulations that may impose certain restrictions in some regions.

KuCoin supports a wide range of countries, offering its platform to users in places such as Mexico, Argentina, Chile in South America, European countries including France, Spain, Italy, and Asian nations such as South Korea, the Philippines, in addition to accessibility in jurisdictions such as Seychelles, where it is headquartered. This extensive coverage reinforces KuCoin’s position as one of the most accessible exchanges in the world, with multilingual support in over 17 languages, providing a convenient service to a diverse global clientele.

However, KuCoin faces restrictions in certain regions due to regulatory measures, compliance policies and geopolitical factors. In particular, services are restricted in the United States, North Korea, Singapore, Hong Kong, Iran and the Crimea region, among others. Users from these areas may encounter restrictions when attempting to access KuCoin services. It is also important for users to check local laws and updated KuCoin terms of service before using the platform, as the regulatory environment may vary significantly.

KuCoin’s endeavour to comply with international legal standards can be seen in its fulfilment of specific user restrictions based on regional financial regulations. For example, users from mainland China, Hong Kong, Singapore, Thailand, Malaysia and Ontario, Canada face certain restrictions. In addition, KuCoin restricts access for users living in countries or regions sanctioned by the Republic of Seychelles or other international laws and conventions to which Seychelles has acceded. This includes compliance with the various sanctions lists as stated in Article 17 (6) of their User Agreement.

Despite regulatory challenges in some regions, KuCoin’s efforts to comply with international regulations reflect its commitment to providing a legitimate trading environment. With key licences and registrations in jurisdictions such as Malta and Seychelles, KuCoin continues to navigate the complex global regulatory landscape, ensuring the platform’s broad international accessibility while maintaining compliance.

What services KuCoin exchange offers

Founded in 2017, the KuCoin
exchange has quickly established itself as one of the leading cryptocurrency platforms thanks to the wide range of services offered, targeting both beginners and experienced traders. Here are the main services that KuCoin offers:

1. Spot trading

Spot trading is KuCoin’s core service, allowing users to buy and sell a wide range of cryptocurrencies on the real market. The platform offers competitive commissions and a user-friendly interface, making trading accessible to a wide range of investors.

2. Futures and margin trading

KuCoin provides futures contract trading and margin trading, which allows traders to use leverage to maximise their potential profits. These tools appeal to experienced traders looking to maximise their investments through sophisticated strategies.

3. Stacking and mining pools

KuCoin offers users the opportunity to earn passive income through staking and mining pools. Users can “freeze” certain cryptocurrencies to receive regular payments in the form of additional coins or tokens.

4. KuCoin Spotlight

This initiative provides users with access to initial exchange offers (IEO) of new and promising cryptocurrency projects. KuCoin Spotlight allows investors to participate in the early stages of projects that may prove to be highly profitable.

5. Trading bot

KuCoin has developed a trading bot that automates the trading process by allowing users to set up their trading strategies for automatic execution. This is especially useful for those who do not have the ability to constantly monitor the market.

6. P2P and OTC trading

The platform also offers P2P (peer-to-peer) and OTC (over-the-counter) trading services, providing a more flexible and favourable environment for large transactions without having to go through the traditional spot market.

7. Cross-exchange trading

KuCoin provides cross-exchange trading capability, allowing users to access different markets and liquidity outside of KuCoin itself.

8. Educational resources

KuCoin is actively developing educational initiatives, offering users articles, guides and training courses to enhance their knowledge of cryptocurrencies and trading to help them navigate the world of cryptocurrencies.

KuCoin stands out among cryptocurrency exchanges due to its commitment to offering a comprehensive set of services that cater to the needs of both novice and experienced traders. By constantly introducing new features and improving user experience, KuCoin continues to strengthen its position in the market as an innovative and affordable platform for cryptocurrency trading and investment.

How KuCoin exchange works

Launched in September 2017, KuCoin Exchange has quickly become one of the leading cryptocurrency trading platforms due to its user-friendliness, wide range of cryptocurrencies and innovative features. Here’s how the KuCoin exchange works:

Registration and security

To start using KuCoin, users must complete the registration process by creating an account and entering the required personal information. The exchange attaches great importance to security, offering users to set up two-factor authentication (2FA) and other security measures to protect accounts and funds.

Trading opportunities

KuCoin provides users with access to a wide range of cryptocurrencies and trading pairs, allowing spot trading as well as offering futures and margin trading opportunities. The platform’s interface is intuitive, making it accessible to both beginners and experienced traders.

Commission system

KuCoin uses a flexible commission system that depends on the level of user on the platform, trading volume and type of transaction. Trading fees are considered competitive and may decrease with increasing trading volume or using KCS (KuCoin Shares) tokens to pay fees.

Innovative functions

The KuCoin exchange regularly introduces innovative features such as KuCoin Spotlight to access Initial Exchange Offers (IEOs), staking programmes to earn passive income and a trading bot that allows you to automate trading strategies.

User experience

KuCoin emphasises convenience and user experience, offering support for multiple languages, 24/7 customer service and an extensive knowledge base to help users navigate the platform and resolve issues that arise.

International availability

Since its launch, KuCoin has shown its dedication to serving an international audience, offering its services in over 200 countries and regions. The platform is constantly expanding its geographical reach and adapting to various regulatory requirements.

Social and educational functions

KuCoin also invests in social and educational initiatives, including social trading and training resources, to support and educate its community of users about cryptocurrencies and trading strategies.

Overall, KuCoin aims to provide a convenient, secure and feature-rich platform for cryptocurrency trading, with a focus on innovation and user-centred attention to quality of service and satisfaction of its users on a global level.

Pros and cons of KuCoin

KuCoin, one of the world’s leading cryptocurrency exchanges, offers a wide range of services for traders and investors. Like any platform, KuCoin has its pros and cons, which are important to consider when choosing an exchange for trading and investing.

Pluses of KuCoin

1. wide selection of cryptocurrencies: KuCoin offers access to hundreds of cryptocurrencies and tokens, including both popular and lesser-known altcoins. This makes the platform attractive to traders looking for a variety of investment opportunities.
2. Low Commissions: Comparatively low trading commissions and withdrawal fees make KuCoin favourable for active traders and those looking for cost-effective ways to trade cryptocurrencies.

3- Innovative features: KuCoin is constantly introducing new features such as a trading bot, cryptocurrency steaking and access to initial exchange offers (IEO), which increases the platform’s appeal to power users.

4. Security: KuCoin pays great attention to the security of users’ funds and data, using advanced encryption technologies and multi-layered security systems.
5. User Support: The platform offers 24/7 user support and many educational resources, making it accessible to novice traders.

Minuses of KuCoin

1. Regulatory risks: KuCoin, like many other cryptocurrency exchanges, faces regulatory challenges in different countries, which may affect the availability of certain services to users in certain regions.
2. Difficulty for newcomers: Although educational materials are available, the abundance of features and tools on the platform can be difficult to understand for new users without prior experience.
3. limited access to fiat transactions: While KuCoin offers extensive opportunities to trade cryptocurrencies, access to fiat currency transactions may be limited for some users, depending on their location.
4. Transparency issues: KuCoin has in the past had issues related to transparency of operations and governance, which is important to consider when deciding on a long-term co-operation with the exchange.
5. KYC procedures: Some transactions on KuCoin require KYC (Know Your Customer) procedures, which may be undesirable for users seeking anonymity.

In conclusion, KuCoin is a powerful cryptocurrency trading platform with a wide selection of cryptocurrencies and access to innovative tools. However, like any trading platform, it has its drawbacks, including regulatory challenges and potential complexity for beginners. When choosing a cryptocurrency trading exchange, it is important to weigh the pros and cons to find the platform that best suits your requirements and investment style.

Cost of services in KuCoin

On KuCoin, service fees depend on the user’s level and trading volume over the last 30 days. For new users without KCS holdings and with low trading volume, the standard commissions are 0.1% for order creators and recipients. The system provides for commissions to decrease with increasing trading volume or number of KCS holders, reaching 0.02% at the highest level when paying commissions in KCS. More information about the commission structure can be found on the official KuCoin website.

How the security of clients on KuCoin is ensured

KuCoin ensures customer security through comprehensive measures including two-factor authentication (2FA), encryption of user data, and the use of multi-layered security systems to protect assets. The exchange also employs fraud detection and prevention strategies, and its security team regularly audits and updates security systems.

Does KuCoin provide a bank card?

Yes, KuCoin offers a bank card called KuCard. This card allows you to instantly convert cryptocurrencies into fiat money and use them in millions of shops that accept VISA. KuCard supports integration with Apple Pay for convenient and secure payments. The card offers exclusive rewards and cashback on purchases. Issuing a new KuCard costs €9.99 and there is an annual maintenance fee of €10. There are no fees for transactions in Euros, but additional fees may apply for cash withdrawals and transactions outside the Eurozone. More information about KuCard can be found on the official KuCoin website.

What is the legal name of KuCoin?

The legal name of the company behind the KuCoin cryptocurrency exchange is KuCoin Co., Limited. This information emphasises the official status and registration of the company in accordance with international standards and regulations.

Who is the creator of KuCoin exchange

KuCoin cryptocurrency exchange was founded by Michael Gan and Eric Don in September 2017. Gan and Don created the platform with the aim of providing a convenient and secure environment for users from all over the world to trade various cryptocurrencies. Since its inception, KuCoin has evolved into one of the most popular and innovative exchanges on the market.