Launched in 2017 as a crypto exchange, KuCoin has never stopped growing through the years, from being unknown to expanding its platform for serving 18 million users in 207 countries and regions around the world, KuCoin has become one of "The People's Exchange", endeavoring to make crypto accessible to more people. Top 1 altcoin exchange, with 700+ assets and 1,200+ trading pairs and a number of crypto gems like BLOK, CHMB, VR, KMA, and DAO having had their primary listing on KuCoin, you should be able to find both well known crypto and the next crypto gem that other popular exchanges may not list. From rookies to elevated investors, KuCoin is built for all classes of investors.
Not registered in KuCoin? Yet here is the main features it offers:
Fiat Currencies
USD, EUR, AUD, KRW, JPY, GBP, INR, IDR, CAD, RUB, BRL, TRY, PLN, PHP, ZAR, THB, CHF, MYR, MXN, HRK, ARS, KZT, IRR, VND, ILS, BDT, HKD, TWD, COP, DKK, BGN, NOK, DZD, RON, SGD, NGN, CZK, PKR, SEK, NZD.
Language
English, Русский, 한국어, 日本語, Português, 中文简体, Nederlands, 中文繁體, Deutsch, Français, Español, Tiếng Việt, Türkçe, Italiano, Bahasa Melayu, Bahasa Indonesia, हिंदी, ไทย, العربية, বাংলা, Polski, Filipino.
Verification Process
Know Your Customer (KYC) verification process is not mandatory on KuCoin. If not completed, the accounts are considered as unverified and restrictions are implemented, such as a daily withdrawal limit and a daily trading volume limit. Therefore, for people unwilling to pass the verification process it is still possible to use KuCoin exchange! For others who want to comply, the following tiers need to be completed, which will unlock restrictions towards the account:
KYC1 (Basic Verification): Supplying individual information.
KYC2 (Advanced Verification): Uploading identity document photo.
Security Features
2-factor authentication, through mobile-binding or/and Google Authenticator and password trading is required to make accounts even more secured.
Buy Crypto With Fiat
Fast trade: Buy USDT with Visa/MasterCard debit/credit card directly on KuCoin platform at the best rate. Faster way and beginner-friendly.
Peer-To-Peer (P2P): Buy crypto directly from peer sellers with 0 fee charged for the transactions and the possibility to pay through Bank Transfer, SEPA, PayPal, PaySera, AirTM, ADVCash, PAYEER, Uphold, Transfer Wise Revolut, Perfect Money, Neteller, Skrill, Zelle, Cash App, Google Pay, Venmo, Banesco Panama, BanColombia S.A., Whatsapp Pay or WebMoney when accepted buy the seller.
Third-Party: Buy crypto on a separate third-party platform, such as Simplex, Banxa or BTC Direct, using Visa/MasterCard debit/credit card, Apple Pay, iDEAL, or Bancontact when available.
Trading Fee
0.1% maximum fee as taker or maker with the possibility to enjoy 20% discount when you pay with $KCS.
Crypto Deposit
No fee charged by KuCoin platform when depositing crypto onto your account.
Trading
Spot Trading: Trade cypto with comprehensive tools and indicators.
Margin Trading: Magnify profits with leverage.
Trading Bot: Earn passive profits without monitoring the market by running a trading bot.
Derivatives
Futures Classic: Comprehensive trading tools and indicators with up to 100x leverage.
Futures Lite: Fast and easy-to-use futures trading.
Futures Brawl: Go long or short to battle and win prizes.
Leveraged Tokens: Increased leverage, no loans and no liquidations.
Earn
Crypto Lending: Lend out crypto to earn interest and passive income (e.g. ETH 5.1% APR, 7/14/28 Days Terms).
KuCoin Earn: Invest, stack and hold your savings to earn stable profits through a professional asset manager (e.g. USDD 30.3% APR - 14 Days Locked).
Spotlight: Token sale platform for token issuance.
KCS Bonus: Hold at least 6 $KCS tokens to qualify for a daily reward that comes from 50% of KuCoin’s daily trading fee revenue.
KuCoin Pool: Join KuCoin's pool and empower hashrate to realize gains.
KuCoin Win: Reap large profits with small investments through lottery and bet.
Cloud Mining: Purchase hashrates on the cloud and face zero barriers to mining. Small investment and stable income: easy mining and easy profits.
NFT Marketplace
Windvane: Buy, sell and swap NFTs instantly.
Wonderland: NFT platform.
Promotions And Events
Campaigns ongoing aiming to promote the trade of new tokens listed to earn rewards or to enhance fixed promotions with increased APR for stacking.
Rewards Hub
Complete Tasks to unlock rewards and earn USDT.
How to buy USDT With FIAT On KuCoin
To swap FIAT currency into cryptocurrency, such as USD or EUR into BTC or USDT, in most cases a crypto exchange is necessary. That is where KuCoin comes in with all its main features. Indeed, as mentioned before, you have the possibility to buy cryptocurrency with FIAT through three different ways:
Each of these possibilities has their own features that can bring advantages and disadvantages. The pros and cons of each one can be summed up in the following table:
According to what is looking for, the way of buying USDT with FIAT will not be the same. If you completed the KYC verification process, you should definitely use the Fast Trade payment method with your Visa/MasterCard debit/credit card to take advantage of a simple and fast transaction with the best rate. However, if you did not comply with KYC, well the Peer-To-Peer (P2P) payment method would be the way to go.
If you are part of the reluctant ones towards providing personal data through KYC and that you do not know how to proceed a P2P transaction on KuCoin, well lucky you, the next chapter will explain step by step how to do so.
Peer-To-Peer (P2P) Payment Without KYC Using PayPal
When wanting to buy cryptocurrency with FIAT on exchanges, complying with KYC is mandatory for the following reasons:
- Preventing money laundering
- Having a better understanding of the activities of users
- Confirming users’ personal information for legal and accounting purpose
KuCoin, compared to other exchanges, has the feature to enable users to use its platform without passing all the KYC verification process, which is great for people that are reluctant towards providing their personal data. However, when wanting to buy cryptocurrency with FIAT, it will be required to use the Peer-To-Peer (P2P) service.
1. Log into your KuCoin account and go to the Peer-To-Peer (P2P) service by clicking Buy Crypto then P2P:
2. Click Buy (A), choose the currency you would like to use (B), select the cryptocurrency wanted (C) and choose the seller (D) from whom you would like to buy crypto according to the payment method available, the price set by the seller, the limit payable and the KYC requirement:
Choose the offer that fits the most with your needs. Having personally some bucks left aside in a PayPal account for some times now, the payment method chosen here will be through PayPal. Therefore, after visiting all sellers only one offer was available when having the possibility to pay through PayPal without complying to KYC. When the offer selected matches with your expectations (A), fulfill the amount you wish to buy (B) and click Place Order.
3. The order details will appear, summarizing the data transaction. Select the payment method you would like to use (A) and read carefully what is mentioned in the remarks (B). If everything matches with your expectations, complete the transaction by sending the Order Value to the address mentioned (C) through your payment method, then click Mark as Paid:
Note: The order will be automatically canceled if the payment is not made within the specified time.
4. Be patient, the seller will release the crypto you bought:
5. Once the cryptocurrency is released, a mail/SMS of confirmation will be sent to you and your asset will be available in your Main Account:
To be noted that, when buying cryptocurrency without KYC, as detailed previously through the Peer-To-Peer (P2P) service, you may not benefit from the best rate and pay a higher price than through a credit/debit card payment used in the Fast Trade service when having complied with KYC.
Finally, check the promotions and events ongoing as you may earn rewards according to the chosen payment method. For instance, I have been airdropped a 20 USDT Bonus to be used in KuCoin Futures.
Final Thoughts
Endeavoring to make crypto accessible to more people, "The People's Exchange" does not let aside people that do not want to comply with KYC and enables them to buy, trade, swap, lend, earn and so much more! With all its features KuCoin is built for all classes of investors. Moreover, according to CoinMarketCap and CoinGecko, KuCoin is a top 5 crypto exchange. Not registered yet? Do not miss anymore opportunity and come join KuCoin to benefit from 0.1% maximum fee, on 700+ assets and 1,200+ trading pairs, as taker or maker, with the possibility to enjoy 20% discount on your trade!
