What is a KuCoin referral code?
The KuCoin Referral ID is part of the referral program offered by the KuCoin exchange. The program works in such a way that when an existing user refers a new user to the KuCoin exchange, both users benefit.
A referral ID is a unique identifier used when an existing user refers a new user. New users can take this referral ID and enter it at signup to apply the referral code.
Here’s why signing up with a referral code is better than not applying one:
- Rewards: When a new user signs up by applying your referral code, both you and the new user are eligible for rewards. Typically, these benefits can include discounted transaction fees, token rewards, and more.
- Mutual benefits: Referral programs help exchanges attract and activate more users as existing users refer new users, and new users trade. This allows exchanges to collect more transaction fees and expand their user base.
- Expand your network: Using referral IDs to recommend new users helps you expand your user network. As new users join the network of existing users through the referral program, more people become aware of and use the exchange.
- Social motivation: Referral programs motivate existing users to share and recommend the exchange to others. This will help you attract new users.
However, it is important to note that when using the referral program, you are still responsible for complying with the exchange’s policies and regulations when signing up using your referral code. It is also important to ensure that the benefits of the referral program do not overlap with other benefits offered by the exchange.
Apply a discount on KuCoin fees
There are various ways to apply the fee discount on the KuCoin exchange, including
- Referral Program: As already mentioned, KuCoin has a referral program. When an existing user uses a referral code to refer a new user, both users receive a discount on the transaction fee.
- KuCoin (KCS) holder benefits: Users who hold KuCoin Shares (KCS), the native token of KuCoin, are eligible for discounted transaction fees. The discount rate may vary depending on your KCS holdings.
- VIP membership tiers: KuCoin assigns VIP membership tiers to users based on their trading activity and assets held. Higher VIP tiers are eligible for larger transaction fee discounts.
- Participating in events and promotions: KuCoin periodically runs various events and promotions. You can also take advantage of fee discounts by participating in these events.
- Partnership offers: KuCoin has also partnered with various partners to offer special benefits to its users. If you sign up through a partner’s link or code, you may receive a discount.
- Staking programs: KuCoin offers a staking program where you can earn additional benefits by staking certain tokens for a certain period of time. Depending on the tokens you stake and the length of time, you may be eligible for fee discounts or additional rewards.
These are the main ways you can get discounted fees on the KuCoin exchange. The content and conditions of the discount offer may differ for each method, so we recommend that you check the official website or announcement of the KuCoin exchange for more information.
Features of the KuCoin Exchange
KuCoin was founded in 2017 as a highly trusted cryptocurrency exchange. It is a platform for trading a wide range of cryptocurrencies, serving users around the world.
Key features and benefits:
- Trade a wide range of cryptocurrencies: KuCoin supports the trading of over 500 different cryptocurrencies. You’ll find a wide range of tokens, from major cryptocurrencies to emerging projects.
- Security: KuCoin is very security conscious and uses multi-signature technology and cold wallets to keep users’ assets safe.
- User-friendly interface: Our exchange interface is designed to make it easy for users to trade. It’s easy to use for beginners and professional traders alike.
- Leveraged and futures trading: Bitcoin supports leveraged and futures trading, allowing traders to use a wider range of strategies.
- Referral program: The already mentioned referral program allows existing users to earn rewards for referring new users, which incentivizes users and increases the popularity of the exchange.
- Global support: KuCoin is supported in multiple languages, catering to a global audience.
Many people choose to use crypto because of the many benefits mentioned above, including support for trading various tokens, security, user-friendly interface, the ability to trade leverage and futures, and a referral program. It also serves a global audience and is constantly improving and evolving, making it a favorite among many users.
Sign up for KuCoin Exchange
The process of signing up for the KuCoin exchange and applying a referral code is as follows:
- Access the KuCoin exchange: Open the official KuCoin website in your web browser.
- Click Sign Up: Click the “Sign Up” or “Register” button at the top right of the website.
- Enter information: Enter the information requested on the signup page. This information can include email addresses, passwords, usernames, and more. After entering all required information, click the “Next” or “Sign Up” button.
- Email verification: Complete email verification by clicking the confirmation link sent by KuCoin to the email address you used to sign up. If you skip this step, your account won’t be activated.
- Security settings: You can change your login password or set additional security settings. This step is optional, but we recommend setting it up for added security.
- Insert referrer code: Now it’s time to apply the referrer code. You only need to do this step if there is a space for you to enter a referral code. After you enter the referral code, proceed to the next step.
- Confirm your personal information: Double-check the information you entered when you signed up and make sure it’s accurate.
- Complete Signup: If all information is entered correctly, click the “Complete Signup” or “Done” button to finalize your signup.
- Sign in: Once you’ve signed up, go to the login page and sign in with the email address and password you registered with.
- Confirm your security settings: After signing in, finalize your security settings or complete any additional security settings.
You have now successfully joined the KuCoin exchange. If you applied a referral code when you signed up, you should be able to receive benefits along with your referrals who used it.
KuCoin transaction fees
The fees for spot trading in KuCoin are shown below.
Futures trading fees are as follows
The KuCoin exchange supports a variety of transaction types, and we’ll introduce the main ones and their respective fees:
- Spot trading:
- Spot trading is the most basic type of trading, meaning you buy and sell actual cryptocurrency.
- In general, fees for Spot transactions on KuCoin fluctuate based on transaction volume. Fees may vary between makers (order book providers) and takers (orders placed with the order book provider for immediate execution).
- For example, maker fees are typically less than 0.1%, and taker fees are typically more than 0.1%. Discounts may apply based on your transaction volume and VIP membership level.
- Futures trading:
- Bitcoin supports futures trading, which makes it possible to buy or sell a specific cryptocurrency at a specific price at some point in the future.
- The fees for futures trading are divided into funding and trading fees. Funding is an interest payment between buyers and sellers that provides liquidity to the exchange.
- Fees for futures trades can be relatively higher than other trade types, with discounts available based on trade volume and VIP membership level.
- Options trades:
- KuCoin supports forward trading, allowing you to predict and profit from the rise or fall of a cryptocurrency’s price through options contracts.
- Fees for options trading are split between funding and trading fees, similar to futures trading, with discounts available based on volume and VIP membership tier.
Fee information is subject to change depending on market conditions and exchange policies, so we recommend checking the official KuCoin website or the exchange’s own fee page before making an actual trade. You’ll also want to consider whether there are fee discounts based on volume, as the higher your volume or VIP membership tier, the more discounts you’ll receive.