KuCoin history

KuCoin

KuCoin was launched in September 2017 and developed into an international cryptocurrency exchange offering spot trading, derivatives and other digital asset services. Its founding team included Michael Gan and Eric Tang. Since its establishment, the platform has expanded its cryptocurrency offerings and international operations. However, its history has also included significant cybersecurity incidents, regulatory investigations and enforcement actions. In January 2025, the Seychelles-based operating entity Peken Global Limited pleaded guilty in the United States to operating an unlicensed money transmitting business and agreed to pay monetary penalties exceeding $297 million. Security, user experience, and innovation are three leading words of Gan and his team to make crypto-currency trade accessible and understandable to the masses.

Since its establishment, KuCoin has tried to offer users the widest possible range of leading but less famous cryptocurrencies. That is why this exchange almost immediately became popular among traders in search of new investment opportunities. Much attention was also given to the interface-to make it as user-friendly as possible-and to customer support at a really high level. It was for this reason that KuCoin turned out to be the most sought-after for so many users.

Apart from standard trading services, KuCoin became creative in developing its own services, such as KuCoin Shares-KCS: an exchange proprietary token that carries a number of benefits to its holder, including discounting commissions and sharing in revenues of trades. KCS would not waste much time drawing the interest of investors and further value to the KuCoin ecosystem.

The exchange developed and launched several extended services targeted at answering the varied needs of its users. Among them, the new cryptocurrency projects’ support and promotion service-KuCoin Spotlight-and advanced traders’ needs such as KuCoin Futures and KuCoin Margin Trading provide for sophisticated trading strategies.

One of the most significant cybersecurity incidents in KuCoin’s history occurred in September 2020, when attackers compromised the exchange’s hot wallets and transferred cryptocurrencies valued at approximately $285 million at the time. KuCoin subsequently worked with blockchain projects, cryptocurrency exchanges and law enforcement authorities to recover or freeze substantial portions of the stolen assets. According to the company’s disclosures, the remaining losses were covered through its own resources and insurance arrangements. The incident demonstrated the cybersecurity risks associated with centralised cryptocurrency exchanges and resulted in additional security improvements.

Throughout the following years, KuCoin went on to expand its presence in the global market continuously, introducing new technologies and services that would offer users the best experience. Nowadays, this exchange is a mighty tool for millions of active users worldwide, offering more than 200 types of cryptocurrencies for trading, and remaining one of the key players in the crypto-industry.

The KuCoin story is just that-a bottomless desire for innovation, focus on community needs, and ceaseless development-adaptation to the dynamically changing world of cryptocurrencies. That is how KuCoin came into being, which actually reflects the development of the cryptocurrency ecosystem and embodies the ambitions to let a wide range of users take advantage of digital assets. Due to its ingenious use of technology and continuous effort in enhancing the user experience, KuCoin maintains a significant position in the cryptocurrency market. It allows new users while developing blockchain technologies.

Company Information Details
Official website www.kucoin.com
Year established 2017
Exchange launch September 2017
Founders Michael Gan and Eric Tang
Global operating entity involved in the US settlement Peken Global Limited (Seychelles)
EU authorised entity KuCoin EU Exchange GmbH (Austria)
EU regulatory authority Austrian Financial Market Authority (FMA)
MiCA authorisation granted 27 November 2025
Principal services Cryptocurrency trading and other digital asset services, subject to jurisdictional restrictions and regulatory authorisations
Trading volume Variable; current figures should be verified using reliable market data providers

How to Cash out on KuCoin

KuCoin allows eligible users to withdraw supported cryptocurrencies to external wallets and, where available, withdraw fiat currencies through supported payment methods. Withdrawal availability, processing times, fees and transaction limits depend on the user’s jurisdiction, identity verification status, selected asset and applicable regulatory restrictions. Fiat withdrawals are not universally available, and certain transactions may be subject to security holds, additional verification or compliance reviews.

Step Description
1 Log in to your account on KuCoin: Access your KuCoin account and locate the “Assets” tab in the upper menu.
2 Choose type of asset to be withdrawn: Click on Withdraw in the Assets tab and select the cryptocurrency for withdrawal. Make sure to choose the correct currency as wallet addresses vary.
3 Entering the wallet address: Provide the wallet address where the funds will be sent. Double-check the address to prevent loss of funds.
4 Specify the withdrawal amount: Input the amount you wish to withdraw, keeping in mind the minimum and maximum limits, as well as the withdrawal fee that will be deducted.
5 Confirm output: Review all entered information for accuracy and confirm the withdrawal. Additional verification may be required, such as 2FA or email confirmation.
6 Waiting for transaction processing: After confirming the withdrawal, wait for the transaction to process, which may take some time based on the network load.

Note that the procedure for the withdrawal of fiat money can vary, including the available methods of withdrawal and verification. The withdrawal process in a fiat-based system includes some extra steps, such as selecting an appropriate method of withdrawal and, if needed, providing more personal information or documents in accordance with the principles of the KYC policy.

Worth mentioning is that you should avoid utilizing untrusted wallet addresses to keep your account and assets safe. Be sensitive with the process of transaction verification.

How to open KuCoin account

Opening a KuCoin account is pretty easy and without complex procedures to quickly begin trading digital currencies. Here is a step-by-step guide on opening an account with KuCoin:

Step Description
1 Access KuCoin website: Visit the official KuCoin website at www.kucoin.com and click “Sign Up” located at the top right corner of the homepage.
2 Filling in Basic Information: Fill out the sign-up form with your email and a strong, unique password for security. Click “Register” or “Sign Up.”
3 Confirm your email: Check your email for a confirmation link from KuCoin and follow the link to activate your account.
4 Enable two-factor authentication (2FA): Set up a one-time password application, such as Google Authenticator or Authy, to enhance your account security by following the instructions on the KuCoin website.
5 Identity verification (KYC): KuCoin requires identity verification for new users seeking access to its trading products and services. Mandatory KYC requirements were introduced in July 2023 and strengthened in August 2023. Users generally need to provide personal identification information, identity documents and complete facial verification. Customers who have not completed the required verification may face restrictions on deposits, trading and other services. Additional documentation may be requested under applicable anti-money laundering and sanctions compliance requirements.
6 Deposit and Trading: After completing registration and security setups, deposit cryptocurrency or use a fiat payment method. Follow the platform’s instructions to deposit funds and begin trading.

An account on KuCoin opens a world of cryptocurrency trading, with access to a wide variety of assets and instruments. It is necessary to be serious about account security: prepare strong passwords and set up two-factor authentication in order to protect your funds and personal data.

How to make a deposit on KuCoin

Funding your KuCoin account with cryptocurrency or fiat money means depositing into KuCoin to start trading on the exchange. This is going to involve a few easy steps designed to help you deposit funds into your account securely. Here is how you do this:

Step Description
1 Log in to your KuCoin account: Enter your credentials to access your account. If you don’t have an account, sign up first.
2 Proceed to the “Deposit” Section: Click on the “Assets” tab and then on “Deposit.” A list of cryptocurrencies available for deposit will be displayed.
3 Cryptocurrency Selection to Deposit: Choose the cryptocurrency you wish to deposit. Ensure that you select the correct cryptocurrency to avoid loss of funds.
4 Getting a Deposit Address: After selecting the cryptocurrency, a wallet address will be generated for your deposit. Confirm the address is correct before proceeding with the transaction.
5 Sending cryptocurrency: Go to your external wallet or exchange, initiate a transaction to the deposit address provided by KuCoin, enter the amount you want to deposit, and confirm the transaction.
6 Confirmation and crediting of funds: Wait for the transaction to be confirmed on the blockchain. The time required for confirmation depends on network load and the chosen cryptocurrency. After the required number of blocks is confirmed, the funds will be credited to your KuCoin account.

Additional Tips:

  • Always check the minimum deposit amount for the selected cryptocurrency to avoid misunderstandings.
  • Enable two-factor authentication and other security measures to protect your account and funds.
  • Identity verification (KYC) is generally mandatory for new users before accessing KuCoin’s deposit and trading services, including cryptocurrency deposits. Additional verification or information concerning the source of funds may be required depending on the transaction, jurisdiction and applicable anti-money laundering regulations.

Following these steps, one will safely and efficiently fund their KuCoin account and start trading cryptocurrencies.

What currencies KuCoin accepts

KuCoin is one of those famous platforms for extensive support of various cryptocurrencies. Therefore, it supports a huge number of currencies that one can trade, store, and exchange. The exchange continues to actively add more assets to its list, trying to meet traders’ demands oriented toward different classes of assets. The general outlook of some kinds of currencies supported on KuCoin may give a slight idea about the diversity of this platform’s offer.

Cryptocurrencies

Currently, KuCoin supports more than hundreds of cryptocurrencies, including major and minor altcoins. The most popular cryptocurrencies that can be found on this exchange include the following: (Trading pairs – usually, it shows the currency paired with this specific cryptocurrency.)

  • Ripple (XRP): Excellent for international payment processing efficiently.
  • Polkadot (DOT) and Solana (SOL): Solutions-focused projects to resolve blockchains’ scalability.
Bitcoin (BTC)

Bitcoin (BTC)

Taking centre stage in KuCoin’s portfolio is Bitcoin, the first face and most well-known cryptocurrency.

Ethereum (ETH)

Ethereum (ETH)

The second most-capitalised cryptocurrency, Ethereum represents a platform meant for building decentralised applications.

Litecoin (LTC)

Litecoin (LTC)

It’s one of the very first alternatives to Bitcoin and allows faster transactions.

Cardano (ADA)

Cardano (ADA)

It focuses on safety and sustainability with a research-based approach.

The above are a very few of all the cryptocurrencies, and KuCoin continuously adds more based on market development and community requests.

Stablecoins

KuCoin supports selected stablecoins, subject to asset listing policies and jurisdictional restrictions. Stablecoins are crypto-assets designed to maintain a relatively stable value by reference to fiat currencies or other assets. Examples include:

  • Tether (USDT): A US dollar-referenced stablecoin issued by Tether.
  • USD Coin (USDC): A US dollar-referenced stablecoin issued by regulated Circle entities, with availability depending on the jurisdiction.
  • DAI: A decentralised stablecoin designed to maintain a value close to the US dollar through collateralised mechanisms and the Sky ecosystem.

Stablecoins are not risk-free. Their value may fluctuate, and holders may face issuer, reserve, liquidity, custody and regulatory risks. In the European Economic Area, stablecoin offerings and related services are subject to the Markets in Crypto-Assets Regulation (MiCA), including requirements applicable to asset-referenced tokens and e-money tokens. Not all stablecoins are available to all KuCoin customers.
Fiat Currencies

KuCoin supports the possibility of depositing and withdrawing funds in fiat currencies using bank transfers and other forms of payment systems. Not all types of fiat currencies and means are available to users in every country.

Please note that KuCoin is constantly updating its supported list of assets and currencies; therefore, it is recommended to verify the most updated information on the official website or contact KuCoin’s support directly. It will be offering an enormous array of currencies and services to meet user needs on a global scale. KuCoin continues to follow the tendencies of the cryptocurrency market, further extending its services by offering users new and promising assets, while paying serious attention to strict standards of security and usability of the platform.

In which countries KuCoin exchange is registered

How to Reduce Inheritance Tax in Europe KuCoin has developed an international customer base, but its services are not legally available in every country. Access to the platform depends on local cryptocurrency regulations, licensing requirements, sanctions restrictions and the terms applicable to the relevant operating entity. In January 2025, Peken Global Limited, the Seychelles-based entity operating KuCoin, agreed to withdraw from the United States market for at least two years as part of a settlement with the US Department of Justice. In the European Economic Area, the regulatory framework for crypto-asset services is established by Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA). KuCoin’s regional services must comply with the authorisations and operational restrictions applicable to the relevant legal entities. Although KuCoin is available all across the globe, the service and cryptocurrency availability on KuCoin differ due to some local financial regulations that may put up certain restrictions in some regions.

KuCoin’s geographical availability varies according to local financial regulations, regulatory authorisations and restrictions imposed by the exchange. Within the European Economic Area, KuCoin EU Exchange GmbH received authorisation as a crypto-asset service provider from the Austrian Financial Market Authority (FMA) on 27 November 2025. The authorisation covers specified crypto-asset services under MiCA but does not automatically permit unrestricted operations or the provision of every financial product. In February 2026, the FMA imposed supervisory restrictions on KuCoin EU Exchange GmbH. Although the prohibition on new business was lifted in May 2026, the FMA confirmed in June 2026 that the company was still prohibited from commencing operations until outstanding supervisory requirements were fulfilled. Such huge exposure further cements KuCoin’s position as one of the most open exchanges on planet earth, with multilingual support for more than 17 languages, thus offering convenient service to a wide variety of global clients around the world.

KuCoin restricts access to its services in jurisdictions where operations are prohibited, restricted or inconsistent with applicable licensing and sanctions requirements. In the United States, KuCoin agreed in January 2025 to exit the market for at least two years following a criminal settlement with the US Department of Justice. Additional restrictions apply to sanctioned jurisdictions and certain markets where the relevant KuCoin entity does not hold the necessary regulatory permissions. The list of restricted countries and territories may change, and customers should verify their eligibility under the current KuCoin User Agreement and applicable local laws. Besides this, users need to go through the local law and updated terms of service of KuCoin before using the services, since the regulatory environment might be quite different.

KuCoin’s attempt to meet international legal standards can be seen by trying to implement part of the specific user restrictions by regional financial regulations. For example, residents of Mainland China, Hong Kong, Singapore, Thailand, Malaysia, and Ontario, Canada, have some restrictions. KuCoin also restricts access to users whose residence is in a country or region sanctioned by the Republic of Seychelles or other international laws and conventions to which Seychelles has become a party. This also includes conformity with various sanctions lists as outlined in Article 17(6) of their User Agreement.

What services KuCoin exchange offers

Operating since 2017, KuCoin has swiftly become one of the most active crypto exchanges due to the huge amount of options offered to its users, ranging from beginners to professional traders. Here are some of the main services provided by KuCoin:

Service Description
1 Spot trading: The primary service offered by KuCoin, allowing users to trade a variety of cryptocurrencies for real money. It features competitive commissions and an intuitive interface, catering to a broad range of investors.
2 Futures and margin trading: Offers trading of futures contracts and margin trading, enabling traders to use leverage for potentially greater profits. This service is designed for experienced traders using sophisticated strategies.
3 Staking and Earn products: KuCoin offers selected cryptocurrency staking and yield-generating products to eligible users, subject to jurisdictional restrictions and product availability. Staking may allow customers to receive variable rewards by participating in proof-of-stake blockchain networks. Other Earn products may involve different arrangements and risk profiles. Rewards are not guaranteed, and customers may face risks including market volatility, slashing, liquidity restrictions, technical failures and potential loss of assets. The availability of these products depends on applicable financial regulations.
4 KuCoin Spotlight: Exposes users to Initial Exchange Offerings (IEOs) of promising cryptocurrency projects, allowing investors to participate in the early stages of projects that may yield profitable returns.
5 Trading bot: Automates trading processes by executing user-defined strategies, benefiting those who cannot constantly monitor the market.
6 P2P and OTC trading services: Provides a flexible environment for large transactions without needing to enter the traditional spot market.
7 Cross-exchange trading: Allows users to access various markets and liquidity outside of KuCoin.
8 Educational resources: Offers articles, instructions, and training courses to help users better understand cryptocurrencies and trading for successful engagement.

Among the online cryptocurrency exchanges, KuCoin is outstanding for its focus on providing a full suite of services to meet the needs of both novice and experienced traders. With its constant development of new features and overall user experience improvements, KuCoin continues to reinforce its position in the market as an innovative and affordable means of trading and investing in cryptocurrency.

How KuCoin exchange works

The KuCoin Exchange, launched in September 2017, is fast becoming one of the premier cryptocurrency trading platforms due to the ease of use, extensive variety of supported cryptocurrencies, and other innovative features. Well, here is how KuCoin exchange functions:

Registration and security

In order to start dealing with KuCoin, one has first of all to register online, which means creating an account and filling in all the personal details required. The exchange pays much attention to security questions and provides users with the opportunity to set up 2-factor protection and other ways of securing accounts and assets.

Trading Opportunities

KuCoin allows its users to access a wide array of cryptocurrencies and trading pairs, including the ability for spot trading, futures, and margin trading. The interface is user-friendly and thus easy to operate for any user, whether novice or professional trader.

Commission system

It uses a flexible commission system that is dependent on the level of user on the platform, the trading volume, and the type of transaction. The trading fees are considered competitive and may lower down with an increase in trading volume or if the user prefers to use KCS tokens for paying the fee.

Innovative features

The new features continue to be added to the KuCoin exchange, such as the KuCoin Spotlight for access to Initial Exchange Offers, staking programs providing passive income generation, and the trading bot, which enables one to automate certain investment techniques.

User experience

KuCoin is all about ease and comfort of usage. It is presented in multiple languages, 24/7 customer support, and a huge knowledge base that allows users to get on board fast and easily sort out issues in case they appear.

International availability

Since its launch, KuCoin showed particular attention to an international clientele: its services were offered in over 200 countries and regions. The platform is constantly expanding into new geographies and adapting to numerous regulations.

Social and educational features

In the meantime, it invests in social and educational activity, ranging from social trading to training materials on how to use cryptocurrencies and trading techniques.

In general, KuCoin is working to provide a convenient, secure, feature-rich cryptocurrency trading platform, putting an emphasis on doing innovative work and paying much attention to the quality of service and satisfaction of their users at the global level.

Advantages and disadvantages of KuCoin

KuCoin is one of the largest cryptocurrency exchanges in the world that provides many extensive services for traders and investors. Like any other platform, KuCoin also has some pros and cons which a trader should know before selecting any exchange for trading and investment.

Strong Points of KuCoin Description
1 Great variety of cryptocurrencies: KuCoin provides access to hundreds of cryptocurrencies and tokens, including famous ones and less popular altcoins, appealing to traders seeking diversification.
2 Low commissions: The platform offers relatively low trading and withdrawal commissions, making it favorable for active traders seeking cost-efficient trading options.
3 Innovative features: KuCoin regularly introduces new features like trading bots, cryptocurrency staking, and access to Initial Exchange Offers (IEOs), attracting power users.
4 Security: KuCoin implements cybersecurity measures including encryption, multi-factor authentication, risk monitoring and digital asset custody controls. However, the exchange experienced a major security breach in September 2020 involving approximately $285 million in cryptocurrencies. Although KuCoin subsequently reported recovering or compensating the affected assets, the incident demonstrates that security controls cannot eliminate the risks of cyberattacks, unauthorised withdrawals and operational failures.
5 User support: The platform offers 24/7 user support and extensive educational resources, making it friendly for novice traders.
Minus Sides of KuCoin Description
1 Regulatory risks: KuCoin faces regulatory challenges in various countries, potentially impacting service comfort for users in some regions.
2 Complexity for beginners: Despite available educational materials, the platform’s extensive features and tools may be difficult for inexperienced users to navigate.
3 Fiat transaction limitations: KuCoin’s ability to facilitate crypto-to-fiat currency trades may be limited due to location issues.
4 Transparency issues: KuCoin has faced challenges regarding operational and governance transparency, which may influence long-term cooperation considerations.
5 KYC procedure: Identity verification is mandatory for new KuCoin users seeking access to trading and deposit services. The exchange introduced compulsory KYC requirements in 2023 as part of its compliance programme. Customers may be required to provide identification documents, complete facial verification and submit additional information concerning their identity or source of funds. Failure to complete the required verification may result in restrictions on account functionality.

Conclusion: KuCoin is a feature-rich cryptocurrency trading platform that offers a broad range of cryptocurrencies, coupled with access to advanced tools. Similar to other trading platforms, it has its flaws, which may be attributed to regulatory challenges and the potential for complexity among beginners. It is always critical to consider the pros and cons when choosing a cryptocurrency trading exchange to find one that best meets your requirements and investment style.

Cost of services in KuCoin

Its service fee is graduated, relying on the user’s level, which in turn relies on the trading volume of the last 30 days. The standard commissions for new users who do not hold KCS and have low trading volume are 0.1% for the creator and recipient of an order. The system is such that with the growth of trading volume or at an increased number of KCS holders, the commission decreases to 0.02% at the highest level of payment in KCS. Detailed information about the commission structure is available on the official website of KuCoin.

How KuCoin ensures security for its clients

KuCoin employs multiple security measures, including two-factor authentication, encryption, withdrawal verification procedures, risk monitoring and digital asset custody controls. Following the September 2020 security breach, the exchange introduced additional wallet security measures and strengthened its risk management systems. Nevertheless, cryptocurrency exchanges remain exposed to cybersecurity threats, operational failures, counterparty risks and potential financial losses. Customers should use available security features and independently evaluate the risks associated with holding digital assets on centralised platforms.

Does KuCoin issue a bank card?

KuCoin has introduced KuCard, a payment card product designed to allow eligible customers to spend supported cryptocurrency balances through conversion into fiat currency at the point of payment. The card’s availability depends on the customer’s country of residence, identity verification status and the applicable card programme. Supported payment networks, digital wallet compatibility, cashback programmes, issuance fees, maintenance charges and transaction costs may change over time. Customers should consult the current KuCard terms and fee schedule before applying. The availability of KuCard does not mean that KuCoin itself operates as a licensed bank. However, it charges additional fees for cash withdrawals and also on the transactions conducted outside the Eurozone. Additional information about KuCard is given on KuCoin’s official website.

What is KuCoin’s official name?

KuCoin operates internationally through multiple legal entities rather than a single company holding all regulatory permissions. Peken Global Limited, incorporated in Seychelles, has been identified by the US Department of Justice as an entity operating the KuCoin cryptocurrency exchange. In the European Economic Area, KuCoin EU Exchange GmbH, registered in Vienna, Austria, received authorisation as a Crypto-Asset Service Provider (CASP) from the Austrian Financial Market Authority (FMA) on 27 November 2025. The company’s registration number in Austria is FN 641084x. Legal entities, regulatory permissions and available services vary according to jurisdiction. Corporate registration alone does not constitute authorisation to provide regulated financial or crypto-asset services.

Who is the founder of KuCoin exchange?

KuCoin was founded in 2017 by a team that included Michael Gan and Eric Tang. Michael Gan, also known as Chun Gan, was among the company’s original founders and served as its chief executive officer during its early development. The exchange officially launched in September 2017 and subsequently expanded its international customer base and cryptocurrency trading services. In January 2025, the US Department of Justice announced that Peken Global Limited had pleaded guilty to operating an unlicensed money transmitting business. As part of the settlement, Michael Gan and Ke Tang agreed to cease their involvement in KuCoin’s management and operations, while prosecution against them was deferred for two years.

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