When choosing between one exchange or another, the fees are very important to take into account. The fees you pay will have an impact on the return you end up making. The more you pay in fees, the less you can invest.
Today, we are taking a deep dive into the fees of Kucoin. We will take a look at all the different fees you pay when using Kucoin. Let’s get into it!
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What are the fees on KuCoin Exchange?
When using Kucoin as an exchange to trade crypto, you pay all sorts of different fees. There are spot fees, futures fees and withdrawal fees. All these fees are very different, as they belong to very different trading products. Today, we are taking a look at all of these fees. Let’s get started!
What are fees on spot markets?
The fees Kucoin charges on spot markets are very simple. When trading spot markets on Kucoin, you pay a fee of 0.1%, both maker and taker fee. This means you pay 0.1% when adding an order to the order book and 0.1% when taking an order out of the order book.
When paying the trading fees in KuCoin – KCS, you always get a 20% discount. You can get an even bigger discount, when your KCS holding is over a certain threshold or when your trading volume exceeds a certain threshold.
What are the fees on futures?
When trading futures on Kucoin, the fees start at a taker fee of 0.06% and a maker fee of 0.02%. The same as spot fees, is true for futures fees. You can get a discount once your KCS holding or your trading volume exceeds a certain level. How this works exactly, is shown later at the VIP program.
What are the cryptocurrency deposit fees on KuCoin?
Depositing money onto Kucoin is free in all cases. Kucoin will charge you when you use the deposited money to trade though. So, putting your money on Kucoin is free. Using it on the exchange, is not.
What are the fiat deposit fees on KuCoin?
Kucoin does not charge you anything when depositing fiat onto Kucoin. The same that is true for cryptocurrency deposits is also true for fiat deposits. It is free to get your money on the exchange, but not free to use it on the exchange.
What are the withdrawal fees on KuCoin?
Withdrawing your money off Kucoin is sadly not free. The fee you pay depends on what cryptocurrency you are trying to withdraw. For example:
- When withdrawing BTC onto the Bitcoin blockchain, you pay: 0.0005 BTC
- When withdrawing ETH onto the Ethereum blockchain, you pay: 0.0005 ETH
- When withdrawing ADA onto the Cardano blockchain, you pay: 1 ADA
What is the withdrawal time on KuCoin?
Kucoin promises to have your withdrawals completed within 30 minutes. If it takes any longer than this, please reach out to Kucoin’s customer support.
What is KuCoin VIP Program?
As said before, it is possible to get a discount on your trading fees when using Kucoin to trade crypto. You can achieve this discount by either having your KCS balance exceed a certain threshold or by having your 30 day trading volume exceed a certain level. How this works exactly, can be seen in the table below.
What is a Kucoin Shares discount on trading fees?
The possibility to pay your transaction fees in KuCoin Shares (KCS) is a big advantage of the KuCoin exchange as you will then get 20% discount on your transaction fees when you do spot trades or margin trading. This can of course save a lot of costs if you trade regularly. You can do this by performing the following steps;
- Buy KCS tokens
- On the trading page click: “KCS Pay Fees”.
- Take advantage of a 20% discount