KuCoin is a crypto exchange platform that aims to provide users with a safe and secure trading environment. For users who want to take advantage of the platform’s incentives, they offer their own KCS token.
When you sign up using the KuCoin referral code, you’ll receive a 100% trading fee discount. When your friends or family sign up on KuCoin using your referral link, you will receive 50% of their first trade fees. Also Earn $10 referral bonus.
Additionally, you will get a free crypto referral bonus whenever your friends sign up and trade on KuCoin. This bonus will be given to you in their native currency, KCS (KuCoin Shares).
KuCoin is a large cryptocurrency exchange that allows its users to buy, sell, and trade cryptocurrencies. Besides basic trading options, the platform offers margin, futures, and peer-to-peer (P2P) trading. To earn rewards, users can also stake or lend their crypto. KuCoin offers low trading fees, making it a more attractive option than some of its competitors.
KuCoin is a crypto exchange headquartered in Seychelles that was founded in 2017. With over 10 million users and a presence in more than 200 countries, it is one of the largest global exchanges by trade volume.
Although U.S. users can sign up for a KuCoin account, access to features is limited because KuCoin isn’t licensed to operate there. As a result, signing up for an account could be risky. If U.S. regulators crack down on KuCoin, you may not be able to withdraw your funds.
Key Features & Advantages of KuCoin
With its wide range of features and services, KuCoin has become one of the world’s largest cryptocurrency exchanges. Among the many advantages that set KuCoin apart from other exchanges, here are some of the most notable:
- KCS users receive discounts if they pay with KCS. Extremely low trade fees of 0.1%
- More than 600 different cryptocurrencies to choose from
- Android and iOS mobile apps
- With fiat currencies, you can buy crypto directly
- There is only a partial KYC verification requirement
- Buy & sell crypto with ZERO fees on a P2P marketplace
- Margin and futures trading
- Earn KCS coins every day with a KuCoin bonus
- Borrowing and lending crypto
- Trading bot for KuCoin
- Asset security at the level of a bank
How Does Kucoin Work?
KuCoin lets you buy and sell cryptocurrency just like any other exchange. However, you can do this at a lower rate than on other popular exchanges. You can also earn rewards by holding KuCoin’s native cryptocurrency, the KCS token.
It is possible to trade KuCoin in a variety of formats. In addition to buying and selling crypto regularly, you can also trade margin, futures, and peer-to-peer.
To get started with the Kucoin referral program, follow the steps below
- Open the app and then click on the menu
- There you will see the “Invite friends” option, just click on it
- Finally there you will get your Kucoin to refer code.
You will receive a 10% discount on your trading as well as a 10% referral code once you share it with your friends. you will earn a $10 referral bonus on each successful referral.
How to Apply Kucoin app Referral Code?
- Install the app on your smartphone
- Once the app has been installed, open it.
- Click the User icon in the top left corner of the screen.
- You can sign up for a KuCoin account by clicking Sign Up.
- Verify your email address with the OTP.
- Click “Next” after entering your password
- Get a $10 bonus by applying the KuCoin app referral code: HELPINGDESI
- That’s all! You have successfully created your account.
In addition to leverage, margins, and trading bots, KuCoin also offers other features.
Services on KuCoin
KuCoin is a large cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies.
Custodial and Non-Custodial
Additionally, the platform provides both custodial and non-custodial cryptocurrency services. You can either keep your wallet yourself or store it on the platform.
Non-custodial options are for those who are extra cautious and only trust their wallets. KuCoin can even be used with an offline wallet.
You can also store your tokens in the crypto wallet if you prefer. Onchain Custodian, a Singapore-based digital asset custody company, has partnered with KuCoin.
Pros And Cons of Kucoin
KuCoin vs. Coinbase
By trading volume, KuCoin and Coinbase rank among the top cryptocurrency exchanges in the world. Both platforms have some important differences, however:
- Coinbase is licensed in the United States, but KuCoin is not.
- Coinbase supports only 150 cryptocurrencies, while KuCoin supports 600+.
- KuCoin has a lower trading fee than Coinbase.
- KuCoin users cannot get phone support, unlike Coinbase users.
In spite of Coinbase’s higher trading fees, it is likely the best choice for U.S. users. Those outside the U.S. may appreciate KuCoin’s lower fees and wider selection of cryptocurrencies.
Among the most popular cryptocurrency exchanges, KuCoin has a lot to offer. It offers extremely low trading fees, a P2P marketplace without fees, over 600+ cryptocurrencies, and features that advanced traders love, like trading bots, futures, margin trading, and crypto lending.
If you want to buy crypto using fiat currency, there is a fee of 3%, and you cannot withdraw fiat currency from KuCoin. For experienced traders, the benefits of this exchange outweigh the disadvantages.