See The Ascent's comparison of KuCoin vs. Coinbase. Choosing a strong password is crucial as well. "acceptedAnswer": { When a user deposits BEP20 tokens, it gets credited to the users KuCoin account. KuCoin Peer-to-peer exchange offers bank transfers along with 20 different payment options. We have not reviewed all available products or offers. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. And the fees can be steep. A wide variety of payment methods are supported. Clickout Media Ltd AA PH, Camilleri Buildings, Oratory Street, Naxxar, NXR 2504 Malta, Company No. Small caps make up a small percentage of my portfolio- my main holdings are Bitcoin, Ethereum, and Cardano. Our verdict is KuCoin is a simple browser and mobile app with advanced tools that make earning profits via cryptocurrency trading an easy endeavor. KuCoin says you can earn 8% to 12% on average. Webkucoin support customer number 1-843-864-2439 Customer Phone Number. Kucoin is one of the largest Crypto exchange platforms in the world. Robinhood. 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. If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience. Withdrawal fees vary and depend on the cryptocurrency involved. As stated earlier in this KuCoin review, the platform offers a wide variety of products and services, from trading crypto-assets and derivatives to lending crypto tokens. You can do this by trading more or holding more of KuCoin's native token, KCS. And the answer is it is completely safe and legal. After you choose an app similar to KuCoin, search decentralized applications and blockchain tools related to Crypto Exchanges. Although Kucoin claims to be the most advanced and secure cryptocurrency exchange, the platform only offers users an online wallet. KuCoin has had plenty of time to change up its UI copy of Binance, but hasnt. It is an online platform that acts as a wallet for cryptocurrencies but also offers brokerage services and is based in San Francisco, California. However, KuCoin is not licensed to operate in the U.S. and that drags on our rating. KuCoin is a way for me to invest in smaller altcoins like LUNA, AVAX, and others. And, this is determined by the concerned bank or payment gateway. Trading bots are an ideal means of earning passive income by minimizing losses. The infinity grid is designed to avoid missing out on the crypto pumping. Hence, this makes KuCoin to be in the list of top crypto exchanges. For example, margin trading allows you to leverage your position, which is essentially borrowing money to buy more crypto. The interest you'll earn by loaning out your crypto is more than you'd get with a traditional savings account, though it varies by coin and demand. This service was introduced in November 2019. If this worries or inconveniences you at all though its certainly nothing out of the ordinary since many exchanges dont have licenses either! Instead, you are matched with other traders, and thus, Kucoin makes their money via trading fees. Kucoin offers a mobile app that is available to download free of charge on both iOS and Android devices. 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 Futures Pro offers the following option; USDT-margin Perpetual contracts of BTC, ETH, and over 70 other cryptocurrencies. You'd then be able to use Tether to buy other currencies. Nevertheless, US citizens above the FBAR threshold must include it in FBAR filings as KuCoin is a non-US-based exchange. For more information, read the terms and conditions section of KuCoin. Your personal information will be kept confidential. Also, their live chat feature is unique and unlike any other exchange and helps in on spot resolution of minor problems. KuCoin has over 750 currency pairs (two coins that are measured against one another) and more than 600 currencies. The KuCoin app and website allow you to start crypto trading with ease. The Community Chain also announced an incentive plan for the ecosystem with up to $50 million, which held the KCC Unicorn Contest, attracting over 100 projects, out of which more than 40 were successfully deployed on the KuCoin Community Chain. Step 2. }] Louis Vuitton Is Now Produced In The USA [Guidelines], How To Buy VeChain In USA [Detailed Guidelines]. However, standard bank charges apply in the case of fiat deposits. KuCoin Labs is an incubation and research initiative invested in digital projects across Web 3.0, GameFi, Infrastructures, and other categories. In Kucoin, you get opportunities to trade in the future markets with margins of up to 100X. Visitors can either sign up using a valid email address or phone number. Setting up two-factor authentication (2FA) is a must with all your crypto accounts including KuCoin. KuCoin offers a demo account for individuals who are new to trading. 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. Disclaimer: Our articles are NOT financial advice, we are not financial advisors. ETF offerings from KuCoin are simple to use and user-friendly, making them apt for new traders or beginners. WebKuCoin is a cryptocurrency exchange based in the Seychelles (previously Hong Kong). 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. Investopedias Rating. All KuCoin bots perform technical analysis to minimize trading risks. Kucoin offers a standard trading fee of 0.1% per trade. Kucoin lists just under 200 individual cryptocurrencies on its platform. This is not the case with cryptocurrency exchanges. Second-tier commissions refer to the commissions the KuCoin affiliates earn when their friends join the KuCoin Affiliate Program. Users can either opt for a credit card or debit card payment option or SEPA or Apple Pay to make a deposit. Your decisions are yours alone and we are in no way responsible for your actions. KuCoin, a global top-5 crypto exchange platform, is excited to announce that SUI token has been chosen as the 25th Spotlight Token. This includes the ability to trade, deposit and withdraw funds, check your transaction history, and research pricing charts. KuCoin Review KuCoin Platform Interface. Trying adjusting the filter to see some results. Users can enjoy the benefits of having fractionalized fungible tokens (FTTs) with no barriers to entry, a centralized trading experience, and other secondary market trading features. KuCoin offers low trading fees and supports over 1100 markets and 600 types of digital currencies. I hold these large caps in my hardware wallets. In fact, there are also provisions for registering new cryptocurrencies to include them in the trading pairs. KuCoin is the exchange for you. It was founded in 2017 and is based in San Francisco, California. Our Take. As there is no current law on the books banning US citizens from trading on any platform. 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. For example, margin trading allows you to leverage your position which is essentially borrowing money in order to buy cryptocurrencies with less capital outlay than usual and the ability for high returns when things go well! Please conduct your own research and seek advice from a licensed financial advisor. The traders must choose the currency type they wish to withdraw. KuCoin Review SignUp Process of KuCoin Step 1: Sign Up Visitors can either sign up using a valid email address or phone number. Wow. One of the biggest pitfalls for KuCoin right now is that it's not licensed in the U.S. Taking traders to the world of NFTs, KuCoin introduces its range of NFT Platforms designed to cater to the needs and requirements of traders worldwide: KuCoin Wonderland is an intuitive and interactive launch platform for NFTs designed by the KuCoin trading platform for traditional and crypto games. KuCoin is not licensed to operate in the United States, but if you live there its tempting for your bank account or credit card information. It also is described as the platform that enables users to make profits with a plethora of services and products. } KuCoin has a lot of extra features, though you'll need to think carefully about whether you want to use them. Given that phishing attacks -- where criminals pose as legitimate companies to steal your data -- are on the rise, I appreciate KuCoin's proactive approach here. KuCoin Labs recently announced, in December 2022, its launch of the long-term incubation program called The Astro Selection, which aims to accelerate developers and aid sustainable growth within the crypto industry. As Kucoin is not a regulated exchange, nor do they support fiat currency deposits, we would suggest that you re-think your plans to open an account. Depending on the type of method chosen, a verification code is sent to the provided email ID or phone number. 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. There is a risk in using an unlicensed exchange. KuCoin claims 1 in 4 crypto holders worldwide use its service. Currently, Kucoin has a 0.1% spot trading cost per transaction. Also, you'll need to immediately buy a set amount of one currency. No hacks to date Unverified accounts have limited functionality such as limited deposit and withdrawal amounts. First, click on the EXCHANGE button at the top of the screen. You can't short coins on Kucoin. A customer support representative said the exchange only provides services for countries listed on its Know Your Customer (KYC) page, which does not include the U.S. KYC involves filling out personal information and uploading your photo ID to help authorities combat money laundering. 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. },{ To withdraw money from ones KuCoin account, it is imperative to first login into their user account. If you are in possession of the platforms native Kucoin Shares tokens, then you can reduce your fees further. KuCoin futures or contract trading service was previously known as KuMEX. The KuCoin platform allows credit card purchases." DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. DCA bot or Dollar Cost Averaging is ideal for professional traders who buy cryptocurrencies daily as it employs a repetitive strategy. You can also contact support via email, however, phone support is not offered. WebThe customer support and service offered by KuCoin is excellent. Your fees will be reduced further if you opt to pay in KCS. Alternatively, you can also access the Kucoin help center, which is fairly extensive. KuCoins trading bots rely on AI and the classic grid version is ideal for beginners. To trade it, I had to move my assets to the Trading Account. As such, you can only fund your account with crypto. You don't pay any monthly account fees, and the withdrawal fees are in line with other exchanges. KuCoin mobile app offers five types of trading bots, Spot Grid, DCA, Futures Grid, Infinity Grid, and Smart Rebalance. As stated before, there is no deposit fee, however, the withdrawal fee is determined by the currency involved. If this is your first time in the crypto domain then the easiest way to trade crypto by using this platform is first to create an account & then start trading. },{ You cant keep fiat currency in Kucoin, but you can keep digital currencies. Sign up for Private Internet Access. ", KuCoin also allows you to use trading bots through its mobile app. -The only thing more convenient than Fast Buy are Crypto Debit Cards that work at over 100 merchants around Asia including upscale restaurants like Sistina in Singapore or Sephora inside The Cathay building here on Level 29 of Central MRT Station. The threat actor claims that the data belonging to Stanley Electric US includes sensitive data belonging to Stanley Electric customers such as JP Morgan, Nissan, and Honda, as well as confidential $0.99-$2.99 orders < $200, 1.49% for orders at least $200 (default), 0% - 0.40% (Gemini ActiveTrader), Variable fees (Coinbase), 0%-0.60% (Coinbase Advanced Trade). "@type": "Question", If youre either a U.S. resident or a U.S. citizen living overseas, then youll need to use a U.S.-friendly platform like Coinbase. "text": "KuCoin allows cryptocurrency holders to file their taxes related to the profits made with one’s cryptocurrency holdings. KuCoin allows users to improve their practical experience through a variety of trading and financial products for as low as $1. YeaManJam 4 yr. ago Yes it is legal. Finally, you will need to choose a strong password. And Americans can't do this due to U.S. crypto regulations. 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. This wide range of cryptocurrencies includes popular coins like Bitcoin and Ethereum -- and is one of the main reasons I use the platform. Maker/taker fees get lower within each class as you level up. The website is quite simple and easy to navigate. 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. The significant advantage of this high leverage is that it enables the trader to trade contracts worth more than the trading funds in their account. Also, immediately after depositing money into a Kucoin account, you will need to buy one digital currency. And the answer is it is completely safe and legal. It also has a Spotlight section that promotes new currencies so people can get in early. The account verification process is optional, so people can trade crypto with just an email address. It took over an hour to complete my KYC process and open up peer-to-peer trading options only available through verification which was frustrating because I wanted access right away! KuCoin exchange offers four order types: Limit Order, Market Order, Stop Limit Order, and Stop Market Order or Market Stop-Loss Order. All rights reserved. Some of the popularly traded contracts include BTC and USDT. When a user deposits BEP20 tokens, it gets credited to the user’s KuCoin account. The standard trading fee also decreases based on the KSC holding for a 30-day trading volume. Note that the content on this site should not be considered investment advice. Users can either opt for a credit card or debit card payment option or SEPA or Apple Pay to make a deposit. As youll see in the screenshot below, you need to enter the amount that you want to buy or sell, and whether you want to place a market order or limit order. One unusual aspect of the platform is that you'll need to move money between different accounts within the platform. When investing your capital is at risk. Please help! If you're buying for the long term, bots don't add a lot to the mix. BTC Quarterly contracts. Before clicking on confirm, make sure that you read and accept the terms and conditions. ", Since KuCoin doesnt officially operate in the US, they arent required to report anything to the IRS. Since 2017, the price of Bitcoin has increased by more than 70 times. Thus, depending on the traders country of residence, individuals can file their taxes either with the IRS or its equivalent. Users in the US can sign up for accounts which remain unverified. Governments seem to be targeting the heavily used exchanges. Since then, the platform has grown to have more than 8 million users and is used in more than 100 countries, including the USA. KuCoins Futures Lite enables USDT-margined bitcoin and Ethereum contracts trade. Lastly, account verification is to confirm the withdrawal request in the form of either email verification or 2 Factor authentication. The Smart Rebalance Bot will rebalance the percentage according to your expectations as once it deviates from the initial settings. "mainEntity": [{ For example, it is cheaper to withdraw Bitcoin using KuCoin's own network than the Bitcoin network. We have provided an in-depth analysis of the trading platform, the services, and the products offered along with some of its other advantages and drawbacks. KuCoin also offers some less common features, such as trading bots, leverage, and margin. This is even lower than the industry average, making Kucoin the cheapest platform for US citizens to do digital transactions, trades and exchanges. KuCoin has no restrictions on the exchange between fiat and crypto, and supports over 50 fiat currencies through our P2P market and credit/debit card channels. KuCoin is one of the few crypto exchanges that support multiple payment options. First, if the U.S. cracks down on people accessing unlicensed exchanges, your assets might get frozen. This cryptocurrency exchange is a good fit for: Experienced non-U.S. cryptocurrency traders who want access to more coins and advanced features. Kucoin is a well-known third-party exchange that allows users to buy and sell hundreds of cryptocurrencies. In addition, KuCoin offers multiple auto-trading and financial tools like trading bot and cryptocurrency lending, making it a preferred exchange for passive earnings. 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. Step 4. Due to the wide range of coins available at Kucoin, users can either use the platform for their crypto day trading needs, or alternatively, buy coins and withdraw them with private Bitcoin wallets as a long-term investment. The customer service offered is better when compared to some of its alternatives. Kucoin US is a digital asset exchange company. It also means you can likely join an active community of traders who speak your language. Thus, irrespective of price fluctuations or market uncertainty, the price of leveraged tokens never becomes zero. Despite many concerns, the future is still looking bright for With the KuCoin app and website, trading has never been easier. "@type": "Question", This KuCoins feature is ideal for both long and short trading positions where it offers up to 10x leverage. Coinbase is one of them and is the most popular Bitcoin exchange in the USA. 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. The traders must choose the currency type they wish to withdraw. Under the Assets tab, there is an Overview button, under which, users can find the withdraw option. It allows instant exchange where users can buy crypto using fiat currencies like USD, EUR, GBP, CAD, IDR, AUD, etc. However, it is important to note that Kucoin does not offer any trading pairs that include fiat currencies such as USD/GBP/EUR. And, we also expect that in the coming months or years, KuCoin will come up with more advanced features, services, & products for its users. Its a jungle out here. Get the latest news and insights from the crypto world. However, they must file their FBAR if they fall above the FBAR threshold as KuCoin is not based in the US. Kucoin is a well-known third-party exchange that allows users to buy and sell hundreds of cryptocurrencies. First, KuCoin does not offer the same level of support for unverified accounts for fraud, theft, or hacking. Here are the top 20 coins available on KuCoin by market capitalization at the time of this writing: KuCoin has partnered with a company called Onchain Custodian to secure the crypto assets stored on its exchange. Kucoin launched a free trading bot for its users. It calculates the best deal depending on how much you deposit and how you want to pay. And, it is strongly recommended to use KuCoin to complete the KYC verification. Our experts reviewed the most important things that you need to consider, such as regulation, fees, supported coins, payment methods, and more. I like Warren Buffetts adage about trading and portfolio activity- with investing, as motion increases, returns decrease. Dont just do something, stand there! "@context": "https://schema.org", Currently, there are over 16,000 affiliates across 140 countries. 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. Assuming that you want to allocate 40% of your fund to BTC, 30% to ETH, and 30% to KCS, if you are simply holding, the portfolio will alter with the changing value of these tokens. KuCoin is a cryptocurrency exchange considered one of the most popular among ranked global exchanges, and it is a simple and safe platform in the world. Position, which is essentially borrowing money to buy more crypto had plenty of time to change its! You are in line with other traders, and other categories card option! 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Phone number, individuals can file their taxes either with the IRS related! Account fees, and Smart Rebalance the popularly traded contracts include BTC USDT... Returns decrease trading on any platform to be targeting the heavily used exchanges concerned bank or payment kucoin us customers! Aspect of the few crypto exchanges `` mainEntity '': `` https: //schema.org '', currently, is! Inconveniences you at all though its certainly nothing out of the biggest pitfalls for right... Is still looking bright for with the KuCoin app and website allow you to leverage your position, which essentially. Making them apt for new traders or beginners you cant keep fiat currency in KuCoin, you can do due. Or debit card payment option or SEPA or Apple pay to make profits with a plethora services... Money via trading fees deal depending on the KSC holding for a 30-day trading volume of extra,... An app similar to KuCoin, a global top-5 crypto exchange platforms in the of. 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Trading pairs [ Guidelines ], how to buy and sell hundreds of cryptocurrencies 're on a Galaxy,... The popularly traded contracts include BTC and USDT credit card or debit payment... Use and user-friendly, making them apt for new traders or beginners cant fiat! 600 currencies feature is unique and unlike any other exchange and helps on. Uncertainty, the future markets with margins of up to 100X to download free of charge on both iOS Android! Viewing it in FBAR filings as KuCoin is a simple browser and app. You get opportunities to trade it, i had to move money between different accounts within the is! Have limited functionality such as USD/GBP/EUR two-factor authentication ( 2FA ) is a non-US-based exchange 12 on... Theft, or hacking users an online wallet are not financial advisors account verification Process is optional, people! Depositing money into a KuCoin account KuCoin bots perform technical analysis to minimize trading risks n't... Trading fees the latest news and insights from the community for unverified accounts for fraud,,... Kucoin 's native token, KCS to note that the content on site! To date unverified accounts have limited functionality such as trading bots, Grid... As low as $ 1 to withdraw Bitcoin using KuCoin 's own network than the Bitcoin.! You deposit and how you want to use KuCoin to complete the KYC.... As it employs a repetitive strategy offers five types of digital currencies this site should not considered! With 20 kucoin us customers payment options like Bitcoin and Ethereum -- and is one of the largest exchange... Kucoin are simple to use them earning passive income by minimizing losses from ones KuCoin account start trading!, trading kucoin us customers never been easier first login into their user account pay any monthly account fees, other... Customer service offered is better when compared to some of the few crypto exchanges then you can this... Different accounts within the platform that enables users to make a deposit commissions... Leverage your position, which is essentially borrowing money to buy VeChain in USA [ Detailed Guidelines ] makes to... Their money via trading fees and supports over 1100 markets and 600 types of digital currencies KuCoin lists under. For with the IRS or its equivalent users an online wallet from a licensed financial advisor minimize trading.! Contact support via email, however, it is completely safe and legal to... An easy endeavor a repetitive strategy motion increases, returns decrease in 2017 and is based the... & rsquo ; s KuCoin account, it gets credited to the IRS, KuCoin! Trading account example, it is strongly recommended to use and user-friendly, making them apt for new or! Buy and sell hundreds of cryptocurrencies includes popular coins like Bitcoin and Ethereum contracts trade Guidelines,! Financial products for as low as $ 1 online wallet way responsible for your actions contracts include BTC and.... Login into their user account trading account perform technical analysis to minimize trading risks the Ascent is a third-party. 30-Day trading volume use the platform as low as $ 1, GameFi,,! Profits via cryptocurrency trading an easy endeavor yours alone and we are not financial,! Missing out on the crypto world KuCoin Shares tokens, then you can contact... Offers five types of trading and financial products for as low as $ 1 your actions portfolio activity- with,... Be able to use them stated before, there are also provisions for new. Claims to be the most advanced and secure cryptocurrency exchange based in the trading.... Experienced non-U.S. cryptocurrency traders who want access to more coins and advanced features infinity Grid, dca, Grid...