Today, we will discuss KuCoin trading fees. It is one of the crypto exchanges with the lowest trading fees in the market.
Table of contents
What is KuCoin?
KuCoin is a cryptocurrency exchange platform. It was founded by Micheal Gan and Eric Don in 2017. It is safe and has an easy-to-use interface and supports more than 200 cryptocurrencies. It has over 6 million users worldwide. KuCoin has its own virtual currency called KuCoin Shares (KSC). Holding KSC coins will give you discounts on trading fees and can even help you earn more funds. To learn more read our KuCoin review.
KuCoin Deposit and Withdrawal Fees
On KuCoin, making deposits is completely free.
The withdrawal fee and minimum withdrawal depend upon the cryptocurrency that you want to withdraw. Below is the list of withdrawal fees, check the complete list here.
KuCoin Spot Trading Fees
Spot trading allows you simply to buy and sell crypto assets at market price. Here is a list of KuCoin spot trading fees:
KuCoin Futures Trading Fees
Futures is a contract between two parties to buy or sell funds on a predetermined date at a certain price. KuCoin‘s futures trading service was originally called KuMEX. It was lauched in July 2019.
You can select between the two modes of the KuCoin Future trading. The ‘Lite mode’ is suitable for beginners. The ‘Pro mode’ is suitable for traders with more experience.
The lite mode allows you to trade USDT-margined BTC and ETH contracts and BTC-margined BTC futures contracts. The Pro mode allows you to switch between the following contracts:
- USDT-margined: BTC perpetual, ETH perpetual
- BTC-margined: BTC perpetual, BTC Quarterly 0925, and BTC Quarterly 1225
Here is a list of KuCoin futures trading fees.
How to reduce the trading Fee on KuCoin?
KuCoin already has a very low trading fee, but that fee can also be reduced.
KuCoin has a tier-based maker/taker fee structure. At the lowest level, there is a 0.1% fixed trading fee. This is the lowest trading fee in the cryptocurrency industry. This trading fee is reduced as you level up. To level up, you must trade more on KuCoin. Holding KuCoin Shares Coin (KSC coin) can also give you discounts on your trading fee.
There is no fees for depositing funds on KuCoin. The withdrawal fee and minimum withdrawal depend upon the cryptocurrency you want to withdraw. KuCoin has a tier-based maker/taker trading fee structure. As you level up, the trading fee decreases. To level up, you must trade more. KuCoin has its own virtual coin called KuCoin Shares Coin (KSC coin). Holding KSC coins will give you more discounts on your trading fee.
Frequently Asked Questions (FAQ)
Is KuCoin safe?
KuCoin has many security features. KuCoins lets you set up Two-Factor Authentication (2FA) via Google Authenticator. This gives your account an extra layer of protection. The exchange has an internal risk department to ensure the safety of their users’ funds.