KuCoin is a very established crypto exchange in the sector, standing since 2017 and with a continuously evolving product structure.
The platform enjoys very interesting investment tools, and it presents itself as one of the preferred centralized brokers by degen (degenerates of the crypto world).
On KuCoin you can, in fact, trade a wide range of memecoins and low-cap coins, all with competitive fees and high security.
Let’s see everything in detail below.
Main data of the crypto exchange KuCoin
KuCoin is a Chinese exchange with its legal headquarters in the Seychelles, operating since 2017 and well known among crypto enthusiasts.
In its spot trading offer proposes over 870 altcoins with a wide range of trading pairs denominated in BTC, ETH, USDT, KCS, and USDS.
To facilitate the onboarding of new users, KuCoin also allows the purchase of major cryptocurrencies directly with fiat currencies EUR and BRL.
To all this is added the derivatives section, where it is possible to leverage in either perpetual futures or margin mode on a myriad of tokens.
At the moment we find 304 futures contracts available, with a total cumulative trading volume of 47.6 billion dollars advanced by 24.8 million traders.
In general, both for spot trading and derivatives, the liquidity is sufficient to guarantee the fulfillment of all user requests, with ample depth for buying and selling.
This crypto exchange also offers P2P purchases, acting as an intermediary between buyer and seller and enabling various payment methods.
Until recently, the practice of Know Your Customer” (KYC) was not mandatory to operate on KuCoin. This made it one of the best exchanges to trade crypto without recognition practices, and with withdrawal limits equal to 1 BTC (no FIAT).
However, starting from July 15, mandatory KYC has been introduced for all new users, in order to move towards compliance with current international regulations.
Speaking of KuCoin, we must necessarily refer to the solidity of the platform and the security financial of which the company enjoys.
With data updated until June 30, 2024, KuCoin presents “Proof of Reserves” over-collateralized, verifiable also through Nansen.
In particular the reserve ratio on BTC is 112%, on ETH 116%, on USDT 106%, and on USDC 116%.
Ranking of KuCoin compared to other exchanges in the crypto sector
KuCoin represents one of the most established and appreciated crypto exchanges in the cryptographic industry.
According to the data from CoinMarketCap, it ranks in the top 10 of the best brokers in terms of spot volumes and futures volumes.
In particular, in the last 24 hours the platform has recorded a total of 550 million spot volumes and 1.17 billion futures volumes.
Also on the front of fees it defends itself well: for spot trades it applies base fees of 0.1%, identical to those of the industry leader Binance.
On derivatives, however, KuCoin applies maker fees of 0.02% and taker fees of 0.06% in line with other top-tier exchanges.
These metrics make KuCoin one of the most used and well-known exchanges by users for the buying and selling of digital assets.
Over the years, this platform has earned the respect of the cryptographic community, both for the ambitious choice of not applying KYC obligations (so far) and for the evolution of its products.
In an effort to keep up with the innovation of the blockchain world, KuCoin has continuously updated its infrastructure, adding supports and various updates.
The experience of CEO Jonny Lyu in the tech sector and the dedication of his team have led the exchange to achieve milestones that were unimaginable just a few years ago.
KuCoin also represents one of the most well-known exchanges on social media, boasting over 2.7 million followers on X, with a strong presence on other platforms as well.
An ideal platform for centralized trading of memecoin
KuCoin is known to the crypto public for being a platform with a high presence of low market cap cryptocurrencies.
For this reason, users consider the crypto exchange as an excellent compromise for trading memecoin, which are usually more present on decentralized exchanges, while still taking advantage of the benefits of a centralized broker.
Very often, in fact, DEX present technical entry barriers for less experienced users in DeFi, and they are often full of security pitfalls.
With KuCoin, the degen have the advantage of trading highly volatile crypto while staying within a secure platform with plenty of liquidity.
It’s no coincidence that the slogan of the exchange, positioned on the main access page, is: “Discover the next gem on KuCoin”.
Among the most famous memecoins listed on the exchange, we find for example: DOGE, FLOKI, SHIB, DOGE, PEPE, DEGEN, ELON, LADYS, BABYDOGE, MEW and many others.
To facilitate access to the world of lesser-known tokens with lower capitalization, KuCoin has decided to dedicate a special section called “GemSpace” to discover the launch of new gems.
In a similar way to the Binance Launchpad, it guides traders in markets with higher trading volumes and more speculative opportunities.
The majority of memecoins on the rise in the crypto space pass through this hub before eventually climbing the rankings, increasing in value, and being added to more prestigious exchanges.
In total, there are 5.5 million users who have participated in one or more listings of new tokens on GemSPACE, contributing to the creation of 25.4 billion dollars in volumes.
The last 4 coins added to this section, namely MOCA, XR, DOP, MOG, show performance since launch of +703%, +32.7%, +98.4%, and +56% respectively.
Advanced features on KuCoin: pre-market, trading bot, and card
KuCoin also offers its customers many advanced features, more suitable for the operations of more experienced users rather than beginners.
One of these is the “pre-market” section, where traders can buy and sell cryptocurrencies even before they are listed on the exchange.
Based on more or less reliable data regarding tokenomics and FDV, users speculate on what the fair launch price might be, betting among themselves in a super speculative activity. Buyers and sellers can set quotes and match trades to secure desired prices and liquidity in advance.
At the moment the only token available in pre-market is that of Hamster Kombat.
Another very interesting feature is that of the “trading bot”.
Like other crypto exchange competitors, KuCoin offers the possibility for more experienced users to manage their speculative operations through a bot.
In fact, on KuCoin it is possible to automate trading activity without having to spend too much time in front of the computer. This is done by setting buy and sell orders according to certain price parameters.
The trading bot covers various exchange pairs perpetual such as BTC-USDT, ETH-USDT, SOL-USDT, XRP-USDT and others.
In total, you can place up to 65 orders, with a leverage of 2X.
Last very convenient feature of KuCoin is the debit card. The customers of the exchange can use it to spend their crypto without cashing out in FIAT.
With the so-called “Kucard” users can spend USDT (or directly EUR) to purchase goods and services. The card is usable at any merchant that accepts the international Visa payment network. Soon, support will be extended to more cryptocurrencies such as likely BTC, ETH, SOL, and USDC
In addition, by spending crypto through this card, you earn cashback and exclusive discounts at a range of partner merchants.
The card can be linked with Google Pay and Apple Pay.
