Automated Trading on KuCoin: The World’s Fastest Growing Crypto Exchange

Table of contents

KuCoin is part of the group IDG Capital, a fund with investments in companies as large as Tencent, Coinbase, Ripple, and many others, and the group Matrix partners. With a daily volume of approximately $2 billion, it is one of the TOP5 leading exchanges with the highest volume and usage worldwide.

This platform also has its proprietary cryptocurrency called KuCoin share (KCS). With the platform's token rising to high levels and the listing of a wide range of cryptocurrencies not found on major exchanges, KuCoin has become increasingly popular among traders and crypto enthusiasts across the globe. Its functionalities include a multilingual website, operations in 197 countries, and 24/7 customer service.

Manual and automatic trading bots on KuCoin

For many people, cryptocurrency trading became an excellent way to generate income. However, Crypto asset prices are highly volatile, especially for Bitcoin (BTC) and other more significant cryptocurrencies.

KuCoin's platform is fully friendly with the integration of cryptocurrency trading bots. A cryptocurrency trading bot for KuCoin is a relatively new invention, but only because crypto assets have only been around for a short time. Then, you can earn money with automatic trading bots on KuCoin.

User Interface

KuCoin is an easy, straightforward platform to operate and with a wide variety of tools and information that use the exchange platform efficiently by any user. You can modify your chart and reduce it to generate more space to display active orders.

KuCoin has a clean and modern design throughout the website. This extends to the market overview screen, where you can see the available trading pairs. Buying or selling cryptocurrencies on KuCoin works via the orderbook. To place an order, you would need to enter the desired price, the amount of coins they want to exchange, and hit the buy or sell button.

The order tabs at the bottom right of the trading screen where the automated "best price" option is listed against BTC. This is very handy to avoid entering manual price data.

If the order was filled successfully, the "active orders" tab appears in the central part of the exchange platform. And next to active orders is the "traded orders" tab showing the successful orders. You can even review the transaction history.

Available trading pairs on KuCoin

KuCoin has a reasonably diverse and most recent coin offering. Now, this platform offers a total of more than 200 tradable tokens and an impressive 480 trading pairs, including the exchanges native token KCS, BTC, ETH, NEO, USDT, ADA, and others.

Trading volumes on KuCoin

KuCoin is one of the fastest-growing exchanges in the last year. As of today, this cryptocurrency exchange has a daily transaction volume of more than $2 billion. This volume represents a trading volume of more than 14 billion dollars per week and 56 billion dollars per month.

KuCoin fee structure

KuCoin, like all other exchanges, charges specific commissions when trading or withdrawing money. This is something that people often wonder about, so we considered it necessary to add the information to make the entry a site where you can consult all your doubts.

The withdrawal fee is always a predetermined amount that the system places to make the payment to the network. When withdrawing bitcoin , for example, the  fee is 0.001 BTC, and for Ethereum, the fee will be 0.01 ETH.

Deposits are completely free, so you won't have to worry about any charges when adding money to your deposit. On the other hand, the commission for trading in this exchanger is only 0.10%, which means it is one of the cheapest currently available.

KuCoin Security Policy

Security is another relevant factor when you have your money on the platform. This platform has a 2/3 on cybersecurity accredited by certified, which is positive even though it is not perfect. In addition, the team and workers are public, so it is another aspect to trust the platform.

If you sign up for KuCoin, it is highly recommended to enable 2-factor authentication to add more security to your account.

KuCoin Know Your Customer (KYC) Policy

It is not mandatory for trading but allows you to trade higher volumes. Accounts that are not verified through the KYC process have a withdrawal limit of 2BTC.

You can verify the identity of the person signing up on the KuCoin Platform: it is effortless; go to the "account" menu and click on "KYC Authentication." Then, the documents must be uploaded (valid identity card, passport, and driver's license) and wait for the result to verify the validity of the same.

At the end of the document verification, the positive or negative result will be communicated by email. KuCoin takes 3 to 4 weeks to verify the customer's KYC data.

Suppose you wish to increase your limits even further (daily withdrawal limit of 100 BTC and daily trading limit of 70000 USDT). In that case, you must pass the next level of verification. To get started, press the "continue to get more benefits" button.

Why Bitsgap is an excellent option to use with KuCoin?

Bitsgap bot is a premium automated trading solution, which has been running since 2018 and allows you to manage crypto assets with simplicity. The app can analyze up to more than 10,000 cryptocurrency pairs across 25 exchanges and will enable you to choose between dozens of profitable trading strategies.

You can also test your settings with backtest function or by running a test bot in demo-mode before assigning real money to the trading automations. There is also no need to download any software to your computer or mobile phone. Bitsgap platform is 100% cloud-based and can be accessed from anywhere at any time. Undoubtedly, Bitsgap is the best option for automatic trading with KuCoin.

How to create an API key on KuCoin?

KuCoin documentation for traders and developers describes the exchange functionality, market details, and APIs.

All documentation is divided into two parts: REST API and Websocket feed.

The REST API contains four sections: User (private), Trade(private), Market data (Public), Margin trade, and other(public).

The WebSocket contains two sections: public feeds and private feeds.

If you are interested in how to create and manage API keys and connect them to Bitsgap, we explain the following:

KuCoin also supports alternative ways to connect to its trading engine via its API. This API also allows software developers to create different bots that will enable the automatic execution of orders.

For this reason, you can find several bots that support cryptocurrency trading on KuCoin with all digital currencies backed by the platform.

Integrating KuCoin with Bitsgap automated trading bots

You only need to perform one very appropriate step to program a trading bot with the KuCoin API. That is that you can get your access keys. To do it, follow the steps below to get them:

  • Enter KuCoin from the web and log in to your account.
  • Once logged in, click on the circular button in the upper left corner and then click on "API Management."
  • To create your keys, click on Create API, fill out the form until you complete the information requested, and click "Next" to proceed.
  • When you click next, you will be asked to validate your identity, and you will be shown the one-time information you need to connect your Bitsgap trading bot.