KuCoin is ranked in the top 3 crypto exchanges in the world. There are 18 million users with a 1 trillion-dollar trading volume active on a KuCoin platform. Also, more than 700 Altcoins are listed on KuCoin to provide more options to their traders. Every 1 out of 4 traders in the world is present on KuCoin. One of the most important things people are always looking for is the fee of a crypto exchange. This article discusses.
Trading Fee On Kucoin
KuCoin is popular for its lowest fee structure compared to other crypto exchanges. The fee is nearly about 0.1% of each transaction. On the other hand, the trading fee is more transparent and clearer in front of users. There are no hidden fees KuCoin charges to its customers. KuCoin also charges a fee based on their client level. Also, in various types of trading, KuCoin charges different fees.
Level 0 Traders
With no KCS holding, the monthly trading volume is less than 50 Bitcoin Price. KuCoin charges 0.1% on each transaction of spot trading.
Level 5 Traders
With 40000 KCS and trading volume between 2000 to 4000 BTC. KuCoin charges a 0.07% trading taker fee and no maker fee in this scenario.
Level 12 Trades
With more than 150,000 KCS and a trading volume of about 80,000 BTC, KuCoin will only charge a 0.025% taker fee with a negative maker fee.
It is one of the most used features on every exchange. Due to that, KuCoin does not impose any separate fee on it and uses a flat fee structure. KuCoin set a 0.1 % per transaction fee, much lower than other crypto exchanges. You can also reduce this fee by holding a KCS for more than 30 days. Now, if you trade BTC/USDT, ETH/USDT, or any other pair same fee will charge to you.
The fee structure is similar to spot, and you will charge 0.1% per transaction. At the same time, the interest in borrowing money is calculated separately. So, it would help if you considered it before borrowing money.
This type is highly popular nowadays and generates more trading volume on every crypto exchange. The future trading fee is explained by considering the loan rate between USD/USDT. The base and the quote currency loan rate are about 0.03% to 0%, which sometimes reduces the future perpetual fee to zero.
KuCoin is a Singapore-based crypto exchange known for its more advanced features and service. Also, KuCoin launched its native coin (KCS), which attracted many investors’ attention because of its high liquidity and other benefits, including fewer trading fees on the KuCoin platform. Other advanced technology features are on KuCoin, like mobile apps, future indexing, and lending programs. KuCoin is also known for its simplest fee structure. Many people lose their major profits because of high fees on other exchanges. So, KuCoin keeps its fees competitive to provide the best service to its users. Therefore, KuCoin is the best crypto exchange for fewer fees.