KuCoin Futures is a centralized cryptocurrency trading platform located in South Korea. Employing cutting-edge technologies, the crypto asset exchange offers different leveraged Futures purchased and sold in BTC/USDT. The platform doesn’t use fiat or cryptocurrencies and handles BTC/ETH instead.
The products that are offered on KuCoin Futures are Futures of cryptocurrency that differ from the spot market as traders deal with financial Futures only. Buying or selling Futures, traders agree to purchase or sell the definite cryptocurrency asset at a predetermined price at a specified time in the future.
KuCoin Futures is one of the subsidiaries of the Seychelles-based crypto exchange KuCoin that established KuGroup in March 2020. KuCoin is a reputable and recognized name in the crypto industry as it has managed to create a famous one-stop-shop for all kinds of cryptocurrency operations. The company started its work in August 2017. By the time of writing it offers more than 200 cryptocurrencies and over 400 markets.
The platform provides bank-level security, smooth interface, excellent user experience, built-in peer-to-peer exchange, instant exchange services, participation in IEOs through KuCoin Spotlight, the ability to earn via lending, and staking operations using Pool-X, affordable fees, and many other interesting features that attract users to this cryptocurrency hub. In addition to the vast selection of cryptocurrencies and an impressive suite of cryptocurrency services, it’s also worth mentioning the generosity of profit-sharing incentives and the possibility to get up to 90% of fees back using KuCoin Shares, which are native utility coins of the KuCoin ecosystem.
KuCoin Futures platform
The platform offers BTC/USDT margined, perpetual, and delivery contracts supporting different types of orders. KuCoin Futures is the only resource that supports level 3 market data. Its users can also take advantage of a quick deposit, withdrawal, and transfer integration with KuCoin. The platform provides the transparency and security of the data employing industry-leading technologies.
The platform has developed the Pro and Lite versions to cater to different categories of users. The exchange delivers extensive functionality with some unique features presented on the resource. It refers, for example, to the Red Envelope feature that enables users to give cryptocurrency as a gift to friends who will get it for free. The feature supporting over a dozen kinds of cryptocurrencies can be found on the APP Assets page.
KuCoin Futures is available for mobile users, too. The team has developed a convenient mobile app for them that can be downloaded either in the Google Play Store for Android-based devices or Apple App Store for iOS gadgets.
There is a special mobile version of the website called KuCoin M Station, so it can be used without downloading the mobile app. M Station is easily added to a user’s home screen. Being compatible with most mobile browsers, it also allows logging into different accounts.
KuCoin Futures fees and referral policy
The trading fee differs for makers and takers. In both cases, the floating fee rate is applied. It can be, for instance, 0.020% for makers and 0.060%. The settlement fee is 0.025%, in general. The generation of the settlement fee occurs when the contract is settled.
It’s possible to pay fees via KCS, a native token of the platform, and get a 20% discount. You should hold enough KCS for that in the trading or main account. The customer should enable “KCS Pay Fees” on the trading page before taking this action. If there is no sufficient KCS on the balance, the discount is unavailable and the usual fee is deducted.
One should submit the application to become a business partner of KuCoin Futures and then invite friends to get commissions for every new customer referred to the platform or trade made by your referral link/code. The commissions are received without delay depending on the referral tier. The income for business partners can reach 60%. If you recommend the resource in the online groups or online communities, you can get a 10% rebate for all your referrals’ income.
The company provides 100,000 USD rewards for golden champion partners annually. Any business partner can participate. For that, one should have the status of a business partner for at least 3 months in a row. The total referral average daily transaction volume should surpass 5 million USDT in the last quarter of each year.
KuCoin Futures Security
The platform cares about security. Google’s two-factor verification code and SMS verification code are employed for the protection of your assets. The security team has been always improving the related mechanisms and performing reviews now and then for the protection of users’ privacy and their assets.
The resource even provided the official media verification where users can confirm official contacts of the website, entering the phone number, email, or social media account into a special search bar and get the answer there.
The platform provides detailed security recommendations for the users of the exchange and asks to restrict login IP, use an anti-phishing safety phrase, that is entered after you put in email and login of the site. The full list of security tips including the scammers on Twitter, Telegram, and fake support phone numbers for phishing attacks are provided in the FAQ section. The functionality also includes a good security feature that gives the possibility to freeze the account without delay in case it is compromised. You can unfreeze your account on your own later without applying to the support.
KuCoin Futures support
Being available in more than 10 languages, the customer team serves users round-the-clock. The platform offers a comprehensive FAQ section. If it doesn’t include the required questions, one may refer to the support team via the ticket system. There are also Telegram and Twitter communities in different languages where you can get answers.
Michael Gan is the founder and a Chairman of KuGroup, a former technical expert of Alibaba Group, and a senior partner of such Internet giants as KF5.COM, MikeCRM, etc. He is a self-driven code junkie with strong studying capabilities, as he calls himself.
The other key personality that is worth mentioning is a co-founder Johnny Lyu, CEO of KuCoin Global who is responsible for operations of KuCoin Futures, Pool-X as well as the expansion of the whole ecosystem.