Frequently asked questions

Question 1

What is KuCoin and where is it based/located?

Accepted Answer

KuCoin is a centralized exchange (CEX) that offers a variety of trading types including Spot, Margin, Futures, Leverage, and bot trading. It also offers products like Staking and Lending. KuCoin has its own exchange token, known as KCS (KuCoin Shares). KuCoin was founded by Michael Gan in 2017 and is headquartered in Victoria, Seychelles.

Question 2

Is KuCoin safe & legit?

Accepted Answer

In 2020, KuCoin experienced a major security breach where hackers stole over $280 million worth of cryptocurrency. However. KuCoin has implemented security features such as 2FA (Two-Factor Authentication) and PIN protection.

Question 3

How much are KuCoin fees?

Accepted Answer

KuCoin fee structure Taker Fee: 0.1% to 0.025% Maker Fee: 0.1% to 0.005% Discounts: Discounts are available for users holding KCS, and through achieving higher trading volumes.

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