KCEX Crypto Trading Platform Review for 2024
- Offers up to 100x leverage on a wide range of cryptocurrencies.
- Provides sophisticated trading charts and technical indicators for in-depth market analysis.
- New users can enjoy rewards up to 250 USDT and access special bonuses with promo codes.
Are you looking for a crypto exchange that charges zero fees and has an enticing list of altcoins for you to trade on high leverage with ease? Then, this KCEX review 2024 is for you.
In this KCEX review, we’ll dive into the platform’s strengths and weaknesses, focusing on its fee structure, the variety of altcoins available, and its leverage options. By the end, you’ll have a clear understanding of whether KCEX is the right crypto exchange for your trading needs.
Key Takeaways From This KCEX Review
KCEX is a licensed crypto exchange established during the 2021 bull run. In the market for just a few years now, KCEX has been slowly growing its user base with the help of the following features:
- Acquired MSB license from the FinCEN
- No KYC needed
- Spot trading with zero maker & taker fees
- Tight spread, deep liquidity, and fast transactions
- Futures trading with up to 100x leverage & competitive fees
- Support for lots of crypto assets, including Solana meme coins
- Advanced trading tools, including TradingView integration, TP/SL, & ADL
- 24/7 customer support via live chat, submit a request, & help center
KCEX in a Nutshell
Category | Our Rating (out of 5) | Comment |
Number of coins | 4.3 | 300+ in the spot market400+ in the futures market |
Trading fees | 4.7 | Zero fees for spot trading0 Maker fees & 0.02% Taker fees on futures |
User experience | 4.4 | Straightforward & User-friendly |
Features | 4 | – Competitive fees- Hundreds of crypto – TradingView support- 24/7 Customer support |
Trustworthiness | 3.2 | Licensed, Relatively New |
Customer Service | 4.2 | Live Chat, Submit a Request, Help Center, & Social Media |
What is KCEX?
KCEX is a relatively new centralized crypto exchange that offers crypto-to-crypto trading services. Although it currently lacks direct and indirect fiat support, this Seychelles-registered CEX is FinCEN-licensed and provides spot and futures trading at highly competitive fees.
It offers a broad selection of cryptocurrencies, from major coins to niche Solana-based meme coins, catering to diverse trading interests. The platform is known for its user-friendly interface, zero-fee spot trading, and up to 100x leverage on futures, making it a versatile choice for both new and experienced crypto traders.
Is KCEX Legit?
As the crypto sector increasingly attracts regulatory scrutiny worldwide, selecting a legally compliant exchange is crucial.
From a regulatory perspective, KCEX is registered as a Money Services Business (MSB) under the Financial Crimes Enforcement Network (FinCEN) in the US and is seeking approval from other countries.
KCEX ensures a secure trading environment, partly by utilizing cold storage. However, the exchange does not disclose information about its reserve assets.
KCEX’s Key Features
Now, we’ll take a look at some of the prominent KCEX features that make it the best crypto trading platform:
Wide Variety of Crypto
KCEX supports all major cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, and BNB, for trading. However, it’s the variety of top altcoins that truly enhances its appeal.
At KCEX, you can trade a wide range of altcoins, including L1s, L2s, AI, GameFi, and DeFi sectors. Additionally, the platform supports numerous meme coins such as DOGE, PEPE, FLOKI, SHIB, POPCAT, BRETT, MOG, GROK, and PEOPLE, allowing you to capitalize on the most profitable trends.
What sets KCEX apart is its special category for Solana meme coins, ensuring you don’t miss out on emerging opportunities. In this category, you’ll find tokens like NEIRO, MEW, NPC, DMAGA, DJT, BRETT, MICHI, DRIFT, BEER, BOME, JUP, WIF, JTO, BILLY, MOTHER, JENNER, TREMP, DADDY, TOPG, SLERF, NYAN, AMC, and more, offering extensive trading options.
Furthermore, if you’re looking for a specific token not yet listed on KCEX, the exchange provides a ‘Deposit for Token Listing’ feature. By depositing your token, KCEX will review it to see if it meets the listing requirements. Tokens such as BOPPY, DIP, TRILLY, PUPPERFISH, KAMA, and MINI have been successfully listed through this process.
Liquidity & Performance
While having a variety of coins is important, sufficient liquidity is a must to truly enjoy trading. KCEX addresses this by ensuring deep liquidity, which facilitates smooth and fair trading.
For example, the BTC/USDT market at KCEX recorded $2.06 billion in 24-hour trading volume. Other markets, such as PEPE/USDT, saw $3.75 million; MEW/USDT, $12.19 million; RENDER/USDT, $2.84 million; ORDI/USDT, $1.31 million; and MANTA, $361.16K during the same period.
The spread at KCEX is also quite tight, meaning the difference between the bid and ask prices of an asset is minimal. This contributes to improved trading performance, capital efficiency, lower trading costs, and increased profit potential. KCEX further boasts a high-performance matching engine capable of handling over 100,000 transactions per second (TPS), ensuring swift and accurate order execution, even for futures trades.
Spot & Leverage Trading
Like most crypto exchanges, KCEX does not support options trading. However, it offers both spot and derivatives trading.
In the spot market, you can buy, sell, and hold approximately 400 tokens. Meanwhile, the futures market offers slightly fewer options, with around 300 coins available for trading on leverage.
KCEX supports leverage up to 100x for major cryptocurrencies such as Bitcoin, ETH, XRP, SOL, PEPE, and DOGE, allowing experienced traders to maximize their trading power.
However, this high level of leverage is not available for all coins. For some, like NOT and TON, the maximum leverage is capped at 50x, while for others, such as Popcat and WIF, it is limited to 20x.
Advanced Trading Tools
At KCEX, several tools are available to support your trading efforts. The Take Profit and Stop Loss (TP/SL) functionality helps traders manage risk. The TP order allows you to secure profits, which is particularly beneficial in volatile markets, while the SL order helps limit potential losses.
Additionally, KCEX supports TradingView, a popular social network for traders. With TradingView, users can access real-time data, alerts, and various charting tools through a customizable trading interface. By integrating TradingView, KCEX enables its users to effectively trade in both spot and futures markets using K-line charts or setting their own chart preferences.
Another significant tool at KCEX is the Auto-Deleveraging (ADL) system. The ADL activates during forced liquidations, where the exchange automatically takes over the remaining open positions and implements necessary deleveraging measures. This helps control risk and maintain platform stability during periods of extreme market volatility.
KCEX Review: Fees and Pricing
Now comes the most important part: How much does it cost to trade at KCEX? The exchange’s pricing structure includes the standard maker and taker fee, but the actual fees charged are pretty competitive.
To attract traders and investors, KCEX launched a zero spot trading fee event earlier this year and has not yet specified an end date. During this event, both maker and taker fees are waived.
To put this into perspective, Binance and Bybit typically charge 0.10% for spot trading fees, while OKX has a fee structure of 0.08%/0.10% for maker/taker, and Coinbase charges 0.40%/0.60%.
For futures trading, KCEX continues to offer zero maker fees, with a nominal 0.02% taker fee, making it one of the most competitive rates in the market.
For context, in comparison to other leading centralized exchanges (CEXs), the standard maker fee for futures trading on platforms like Binance, Kraken, Bybit, and OKX is 0.02%. The taker fee on these exchanges is slightly higher: 0.05% on Binance and OKX and 0.055% on Bybit.
When trading futures, you should also consider a funding rate. Crypto exchanges set this fee to balance the price of futures contracts with the price of the underlying asset.
According to data provider Coinglass, the funding rate for the BTC/USDT pair is as follows: +0.0056% on KCEX, 0.0057% on Binance, -0.0045% on OKX, 0.01% on Bybit, 0.0075% on Bitget, 0.0098% on BingX, and -0.0036% on Crypto.com.
For non-trading fees, KCEX does not support fiat transactions and only allows for crypto deposits and withdrawals. Depositing crypto into KCEX is free of charge, but withdrawal fees vary depending on the coin and the network used to transfer funds out of the platform.
How User-Friendly is the KCEX Trading Platform?
Having many cryptocurrencies to trade at low fees is great, but a complex platform can quickly spoil the fun. Simplicity and ease of use are crucial—especially in volatile markets where a confusing or slow platform can be a major frustration.
KCEX ensures a smooth experience by keeping its website and apps clutter-free.
The KCEX app can be downloaded directly from the website or through mobile app stores. iOS users can find it on the App Store, which holds a 4.2 rating based on 17 reviews. Android users can download it from Google Play, where the app has earned a 3+ rating and has been downloaded over 100,000 times in less than eight months.
The company regularly updates its apps, with the most recent upgrade occurring just last month. Each update aims to enhance performance and make the user experience more intuitive.
Customer Support & Educational Features
You have several options for addressing any issues you encounter while using the KCEX platform. One is live chat, which is available 24/7. In the chat, simply provide your email address and describe your issue, and the bot will assist you.
Alternatively, you can submit a request for more personalized help. For this option, you’ll need to provide your email, a detailed description of your issue, and any documents you want to share with the platform to better explain your problem.
In addition to live chat and submitting requests, you can also use KCEX’s Help Center to resolve issues. The Help Center offers clear, detailed information on general topics related to the platform and the market. To serve its global audience, KCEX supports 8 languages, allowing access to materials in English, German, Turkish, Russian, Traditional Chinese, Japanese, Vietnamese, and Farsi.
The Help Center not only provides answers to general inquiries but also helps you understand the market better through spot and futures tutorials. However, it’s worth noting that compared to many other platforms, the educational content at KCEX is somewhat limited and could benefit from significant expansion.
KCEX Bonuses & Perks
KCEX is currently hosting a zero spot trading fee event, which is as good as it gets. With tight spreads and no fees, you can maximize the use of your capital for greater profitability.
Additionally, KCEX is offering a new user bonus. While it may not be as compelling as those on other platforms, it is straightforward to utilize—simply complete a few easy tasks and claim your rewards.
The kind of tasks that you’ll be doing include account registration, making a deposit, opening a spot and futures trading order, and successfully triggering a futures TP/SL order. However, it’s important to note that the bonus comes with specific conditions regarding supported cryptocurrencies, maximum amounts, and validity periods. Make sure to read these details carefully before you begin.
In contrast to the new user reward, you’ll likely find KCEX’s affiliate program more appealing. It offers up to 70% commission on both spot and futures trading. To participate, you must create an account on KCEX, obtain an invite code or link, and then share it with your friends, family, and followers.
Here’s how it works: when someone uses your code or link to register on KCEX and trades, you receive 70% of their trading fees as commission. You can even apply for a higher commission rate by submitting a special request form.
Another attractive promotion currently live on KCEX is the “Sign Up to Enjoy New User Rewards” offer, where new users can earn up to 250 USDT. This reward is designed to give newcomers a head start in their trading journey. To participate, simply register on the platform and check the event page for specific details on how to claim the rewards.
Additionally, the KCEX affiliate program includes lifelong commissions, professional one-on-one service, and a growth support program designed to help you expand your community and enhance your affiliate business.
Is KCEX Popular Amongst Users?
While KCEX is relatively new in the highly competitive crypto exchange landscape, having entered only a few years ago, it’s already making a mark.
For KCEX user reviews, we checked the exchange’s profile on Trustpilot and found that it holds a 3.2 rating there. If you are interested in the KCEX vs. Binance comparison, we found that established exchanges like Binance have a rating of 1.4 on Trustpilot, whereas Coinbase is at 1.9 and Bybit is at 1.5. However, it’s important to note that these ratings from larger exchanges result from reviews by thousands of users, compared to the fewer reviews for KCEX, making a direct comparison challenging.
Currently, KCEX focuses on attracting users with its zero-fee spot trading, which is popular for its broad cryptocurrency selection and user-friendly interface. Yet, there is significant room for growth. The exchange needs to increase its visibility and add features such as fiat and staking support.
In the crypto world, it’s crucial to thoroughly research before engaging with any platform and to invest only what you can afford to lose. Additionally, remember that user accounts on centralized exchanges (CEXs) are custodial and should not be relied upon for the long-term safekeeping of your funds; always use hardware wallets to store your cryptocurrencies securely.
Our Review Methodology
Our KCEX exchange review is based on an in-depth analysis performed by our team of experienced researchers and editors. They use their extensive market knowledge to test and evaluate platforms based on factors such as technology, cost, user experience, features, tools, compliance, customer support, and security.
We always strive to maintain the highest standards in all our reviews by taking an independent and unbiased approach. By providing research-oriented and up-to-date information, we make sure that crypto enthusiasts have the most relevant information to make the best decisions.
How to Start Trading with KCEX
It’s time to start the actual trading process on KCEX. Let’s see how to register for an account and how to trade on KCEX.
Step 1: Go to the official KCEX website.
First, visit the official KCEX website. To confirm that it is the original site, use ‘KCEX Verify.’
Now, locate the ‘Sign Up’ button at the top right corner of the home page.
Step 2: Complete the Registration Process
This will take you to the registration page. Here, you have to provide your mobile number or email ID. Then, choose a password and input an Invite Code if you have one. You also have the option to sign up using your Google or Apple account.
Tick the ‘I have read and agree to the User Agreement and Privacy Policy’ and click ‘Sign Up.’
Next, you need to complete a puzzle. Simply slide the puzzle to the right, and as soon as you do that, your KCEX account will be created, allowing you to start trading immediately.
The only KYC you need on KCEX is providing your email or phone number, which allows a daily withdrawal limit of 30 BTC. If you need a higher limit, you must verify your identity.
To do this, go to the KCEX app, click on ‘Personal Center’ at the top left corner of the home page, then select ‘Verify.’ Enter your country or region, choose an ID document, provide personal information, and upload a photo of your ID. Finally, click ‘Submit’ to complete the verification process.
Step 3: Begin Trading
Now that your account is created, navigate to ‘Spot Trading.’
To ensure you have sufficient funds, deposit cryptocurrency by accessing the ‘Assets’ section. KCEX only supports crypto deposits, so fiat currencies are not accepted.
Step 4: Place an Order
Choose the cryptocurrency pair you wish to trade, such as BTC/USDT, and decide whether to place a limit order (where you set a specific price) or a market order (executed at the current market price) by entering the price and quantity.
After submitting your order, you can monitor its status and view your transaction history at the bottom of the page.
Our Verdict
With over half a billion people globally estimated to own cryptocurrency by 2024, the market demands exchanges that are accessible, affordable, and diverse. The relatively new KCEX offers an attractive option for those starting their crypto journey.
The platform supports trading in the spot market or with 100x leverage, features fast execution, TradingView integration, and an excellent affiliate program, zero spot trading fees, all wrapped up in a user-friendly interface that makes KCEX a compelling choice in the growing CEX landscape.
FAQs
Where is KCEX based?
KCEX is based in Seychelles, like other popular CEXs, including BitMEX, KuCoin, and OKX, due to the country’s favorable regulatory environment.
What is KCEX?
KCEX is a centralized cryptocurrency exchange with low trading fees. It offers both spot and futures trading with leverage up to 100x and supports a wide range of cryptocurrencies. It also offers bonuses and promotions which can be used to offset any trading fees.
Is KCEX safe?
Yes, KCEX is safe. Established in 2021, the crypto exchange is registered as a Money Services Business (MSB) under the FinCEN in the US, which ensures legal compliance and user asset security.
References
- What is a Centralized Cryptocurrency Exchange? (Ledger)
- Money Service Business Definition (FINCEN)
- What are Take Profit and Stop Loss (Bybit)
- Know Your Customer (SWIFT)
- Crypto Ownership Data (Triple-a)