If you are new to KuCoin, you can start with an interesting welcome bonus. On this page, we explain what the bonus is and how you can benefit from extra discounts.

KuCoin is a very big crypto exchange that started just a few months after Binance in 2017. In terms of user numbers, they have never become as big as Binance, but it’s a popular exchange. According to KuCoin, 1 in 4 crypto holders use the exchange, which is pretty significant. KuCoin quickly lists new projects (not as fast as MEXC, but quicker than Binance) and offers many small cap coins.

They also have low fees and still offer derivatives trading in Europe. Most exchanges have blocked this in many countries. You can imagine that KuCoin does not comply with all rules in every country. In fact, KuCoin already received some warnings, but has so far not responded to it.

With a KuCoin referral code, you can receive a 20% lifetime discount on trading fees and claim up to $8,200 as a welcome bonus.

Overview of the bonus with the KuCoin referral code

Code	QBAM8AXD
Link to KuCoin	https://www.kucoin.com/r/af/QBAM8AXD
Bonus	Claim up to $8,200
Trading fee discount	20% lifetime discount (commission sharing)
Number of coins	900+ (including a lot of small cap coins)

What is a KuCoin referral code?

A KuCoin referral code is a serie of letters and numbers and is a special code that allows the platform to see who invited which user. Everyone on the KuCoin platform gets such a special code. You can give it to friends or family if you like the platform. In return, you get a percentage of the trading fees of the user. So it’s a win-win deal.

With our referral code “QBAM8AXD”, you will receive a 20% discount on all trading fees. You don’t get this with every code. We will explain later how this exactly works. Also, we can prove that the 20% discount is linked to this code.

By the way, you are free to use any code you want and there are probably more codes in circulation. However, first check which discounts the code offers, because this can vary or the website can lie.

How to apply the code?

We explain below how to apply a referral code and how to successfully claim the discounts.

Step 1: Register an account with the code

The first step is immediately the most important step. You cannot change your code afterwards if you make a mistake here. We show both a link and a code on this page. When you use the link, you don’t need to paste anything else and everything happens automatically.

First, copy the code on this website and visit the KuCoin website. Enter your details such as your email address and password. Then paste the code in the Referral Code field. Check the code carefully after pasting, as you don’t want to make any mistakes here.

Then verify your email address and log in to the platform. It is mandatory at KuCoin to successfully complete the KYC, otherwise, you cannot trade here. You see these kinds of rules at most exchanges, as they are seen as financial institutions and must prevent money laundering.

The KYC process usually takes no longer than 5 minutes.

Step 2: Claim the $8,200 bonus

After you created an account and successfully completed the KYC, you can start trading. When you really want to start trading, you can earn extra bonuses via the Rewards Hub. The interesting thing about KuCoin is that you already get a bonus after your registration and when you complete the KYC (which is mandatory). These bonuses can reach a total amount of $8,200. Keep in mind that after performing the task, you must manually claim the bonus.

We will explain later how the KuCoin Rewards Hub exactly works.

Step 3: Get a 20% discount on all trading fees

This is the most exclusive deal you will find for KuCoin. With the code on this page, you get a lifetime 20% discount on every transaction you do. This is valid on both spot and futures trading and can be combined with KCS discount (the native KuCoin token) and VIP level discount.

How we can offer this you will read in the next paragraph.

Lifetime 20% fee discount at KuCoin

We are going to explain exactly how it works. KuCoin has a referral program which allows users to earn commission. This commission is set at 20%. But when you invite someone, you can decide how much commission you keep and how much you give away.

We have decided to give away the highest possible commission of 20%. And we can prove this with the image below.

Normally, the owner of the code gets 20% of the transaction fees of the user he or she invites. This commission is now returned to the user with our setup. That means that with the KuCoin referral code on this page, you always get 20% back on your transaction, so a discount of 20%.

And because you also receive commission when a user holds KCS (KuCoin token) or has a certain VIP level, you will get a discount on top of a discount.

A caveat is that you receive the 20% discount after your trade. It is deposited back into your account in the crypto you traded.

Transaction example

Imagine you are new to KuCoin and you do not have KCS and you are VIP level 0. This means you pay 0.10% for a spot trade. Suppose you buy $1000 in Bitcoin, then this would normally mean $1 in transaction fees. With this discount, you will receive $0.20 in BTC back in your wallet. With high volumes, this can add up significantly.

$8,200 via KuCoin Rewards Hub

As a new KuCoin user, you can claim up to $8,200. KuCoin distinguishes USDT for withdrawal and certain KuCoin coupons that you can use to trade or to try some service.

For the first 500 USDT, you receive 5x a random amount between 0.01 and 100 USDT. You get this when you sign up, verify your identity, make your first deposit, make your first trade, and make your first advanced trade. Additionally, you can claim up to 200 USDT in vouchers. In the Rewards Hub overview, you can see exactly how much you can claim at the moment.

Furthermore, you can claim up to 7,500 USDT for trading futures. When you reach a certain volume and deposit limit, you can claim a futures trial fund. With a trial fund, you can trade futures without any risks. But it’s good to know that you cannot withdraw this.

Lastly, new users get a bonus APR for staking certain coins.

What is KuCoin and why use this platform?

KuCoin is one of the largest crypto platforms in the world. According to KuCoin itself, 1 in 4 crypto holders use the platform, spread across more than 200 countries. This large user base has the advantage of high liquidity on the platform. This means that it’s likely that you will be able to buy and sell coins immediately at a good price because there is always sufficient demand and supply.

KuCoin is originally an Asian exchange, but everything is well translated in a lot of languages. You can simply change the language of the app and website to your own or to English. After all, the most important thing is to be able to use the exchange easily without problems.

Wide offer of coins

In addition to all well-known cryptocurrencies, you will also find a very wide offer of smaller coins on KuCoin that are not yet on the top 3 most famous exchanges. This gives you the opportunity to buy relatively new coins at an early stage and thus often at a low price.

When coins are listed on one of the top 3 exchanges, the price usually shoots up. Obviously this is not a fact and the price can also plummet. In total, there are more than 900 coins on the platform, making KuCoin one of the biggest cryptocurrency providers (excluding MEXC). New coins are very frequently added.

The KuCoin Token (KCS)

You can also find KuCoin’s own coin, KuCoin Token (KCS), on the platform. For many users, just this coin is reason enough to use the platform. KCS has a lot of potential, because exchange tokens often are valued how well an exchange performs. Its rapid rise to the top 70 coins on CoinmarketCap is proof of this. However, there are other benefits to hold the KuCoin Token.

For example, you get bonuses for holding the coin (called KuCoin Bonus). Also, you will receive an additional 20% fee discount with the KuCoin token (and this can be combined with the referral code).

This makes the trading fees very low on KuCOin, while they are already very low compared to most other crypto exchanges.

Trading Bot

Another interesting feature of KuCoin is the Trading Bot. As the name suggests, you can set up automatic transactions, such as the ‘sell high & buy low’ bot and the ‘DCA bot’ (Dollar Cost Average, the term used to invest a certain amount periodically).

The bots are easy to setup on the Trading Bot page, and they make trading crypto much more efficient. Suppose the price drops suddenly at night while you’re sleeping and by morning the price is back at the price before. With this bot you can buy the dip while sleeping.

Conclusion about KuCoin

KuCoin has built a very good reputation among crypto investors over the past years. They not only have a well-functioning platform but also a large selection of cryptos and very low costs. Perfect for the average and experienced crypto trader.

KuCoin keeps continuing services like derivatives trading in countries where it’s not allowed. Most traders are happy about this fact, but it can cause regulatory problems in the future. There is a high chance that KuCoin must stop these services in some countries.

The 20% discount with the referral code in combination with the 20% discount with KCS is perfect to reduce costs on this crypto exchange and trade with very low fees. So if you don’t mind that KuCoin may have to remove some services in the future, then this is a good exchange to trade on.