what are kucoin fees

KuCoin's tiered fee structure for spot trading incentivizes active traders by offering reduced fees based on their 30-day trading volume.

Oct 28, 2024 at 09:32 pm

KuCoin Fees: A Comprehensive Guide

KuCoin is one of the leading cryptocurrency exchanges, offering a wide range of trading services and competitive fees. This article provides a detailed overview of the fees associated with using the KuCoin platform.

1. Spot Trading Fees

Spot trading refers to the buying and selling of cryptocurrencies on a spot market, where trades are settled immediately. KuCoin charges tiered fees based on the user's 30-day trading volume:

• VIP 0-3: 0.1% maker fee, 0.1% taker fee
• VIP 4-6: 0.08% maker fee, 0.08% taker fee
• VIP 7-10: 0.06% maker fee, 0.06% taker fee

2. Margin Trading Fees

Margin trading allows users to trade cryptocurrencies using borrowed funds, multiplying their potential returns. KuCoin charges the following fees for margin trading:

• Margin borrowing fee: 0.01% hourly
• Margin repayment fee: Free
• Maker fee: Varies based on trading volume
• Taker fee: Varies based on trading volume

3. Futures Trading Fees

Futures trading involves trading contracts for the future delivery of cryptocurrencies. KuCoin charges the following fees for futures trading:

• Maker fee: 0.02%
• Taker fee: 0.06%
• Funding fee: Varies based on market conditions

4. P2P Trading Fees

P2P (peer-to-peer) trading allows users to buy and sell cryptocurrencies directly with each other. KuCoin charges a matching fee for P2P trades:

• Maker fee: Free
• Taker fee: 0.1%

5. Over-the-Counter (OTC) Trading Fees

OTC trading involves large-volume trades executed outside of the regular spot market. KuCoin charges negotiable fees based on the volume and type of transaction.

6. Deposit and Withdrawal Fees

KuCoin supports deposits and withdrawals in various cryptocurrencies and fiat currencies. Fees vary depending on the specific asset and payment method used.

7. Verification and KYC Fees

KuCoin requires users to complete identity verification (KYC) before enabling full access to their platform. There are no fees associated with verification or KYC procedures.

Conclusion

KuCoin's fees are generally competitive compared to other exchanges, particularly for spot trading. The tiered fee structure for spot trading rewards active traders with reduced fees. KuCoin also offers a variety of fee discounts and promotions, making it a cost-effective option for traders of all levels.