With altcoins available to trade (at the time of this writing), KuCoin has become a popular destination for trading altcoins. The platform is easy to navigate, and they offer plenty of trading pairs to fit most preferences. To begin trading altcoins on KuCoin, head over to the website and click on the Trade tab and select Spot Trading.
When it comes to order types, traders have several options to choose from. Limit orders allow you to set a specific price for buying or selling an altcoin, while stop orders enable you to set trigger prices that activate your orders when the market reaches a certain value. Both of these order types are essential tools for managing risk and securing desired entry and exit points in the market.
For more advanced traders, KuCoin provides margin and futures trading options. Margin trading enables traders to borrow funds, increasing buying power and the potential for gains (or losses). On the other hand, futures trading involves speculating on the future price of an asset through contracts, which can be traded until their expiration date.
KuCoin ensures a high trading volume thanks to its diverse offering of altcoins and availability in more than 100 countries, attracting millions of global investors. This high trading volume ensures liquidity and helps maintain stability in the market, providing a more seamless trading experience.
Popular Altcoins Available to Trade at KuCoin
As mentioned above, there are more than KuCoin altcoins available to trade, on top of Bitcoin. And of course, with new coins being created all the time, this list continues to expand. To view the most current list of every altcoin offered, visit the KuCoin website.
Below are some basics for investors new to the altcoin market. Since most people purchase Bitcoin as their entry into crypto, the list below will serve as an entry point for those moving into alts.
- Ethereum (ETH): By trading volume, Ethereum is the most popular KuCoin altcoin (and basically everywhere else too). Ethereum is a decentralized platform that runs smart contracts and has the second largest market cap after Bitcoin. Ethereum’s native currency, Ether, is used to power the network and it allows developers to build decentralized applications (dApps) on top of it. At the time of this writing, Eth accounts for more than 7% of daily trading volume on the KuCoin crypto exchange.
- Chainlink (LINK): Chainlink is a decentralized oracle network built on the Ethereum blockchain. Its goal is to connect smart contracts with real-world data, APIs, and payment systems by providing reliable and secure data feeds. This makes it an essential component in the growing DeFi ecosystem.
- Solana (SOL): Solana is a high-speed blockchain platform that aims to achieve scalability and low transaction fees without sacrificing security. It uses a unique consensus mechanism called Proof of History (PoH) to enable fast transaction processing and high throughput. Solana’s goal is to provide an infrastructure for decentralized applications (dApps) that can handle a high volume of transactions and support complex smart contracts. It aims to be a viable alternative to existing blockchain networks like Ethereum by offering a faster and more efficient platform for developers to build on.
- Bitcoin Cash (BCH): Bitcoin Cash is a well-known fork of Bitcoin. It was created in 2017 to address scalability issues with Bitcoin by increasing the block size, which allows for faster and cheaper transactions. Bitcoin Cash follows the original vision of a peer-to-peer electronic cash system, as stated in the Bitcoin whitepaper.
- Ripple (XRP): XRP is a digital asset designed for real-time cross-border payments and efficient currency exchanges. It has a reputation for fast transaction times and low fees, making it popular among financial institutions and remittance services. XRP has a huge, almost cult-like following of moonboys and moongirls who expect a massive price increase during the next bull run. Of course, take all of that with a grain of salt.
- Toncoin (TON): TON blockchain, which is associated with the messaging app Telegram, aims to provide a high-performance, decentralized, layer-1 blockchain that can handle the requirements of millions of users, enabling them to make fast and affordable transactions. Toncoin (TON) is the native cryptocurrency used on the Open Network blockchain. It operates through the utilization of the Proof-of-Stake (PoS) consensus model. Toncoin was developed to handle the requirements of millions of users and to enable them to make transactions on the blockchain network. The blockchain aims to be scalable, secure, and community-driven.
- Litecoin (LTC): Litecoin is a peer-to-peer cryptocurrency based on the Bitcoin protocol but with some crucial differences. It has a faster block generation time, allowing for quicker transaction confirmations and a higher total supply of coins. Litecoin is not as exciting to own as most other altcoins, but it’s been a top 20 coin by market cap seemingly forever.
- Pepe (PEPE): PEPE is a decentralized blockchain platform built for the Pepe community, inspired by the popular “Pepe the Frog” meme. It aims to capitalize on the widespread interest in meme culture by fusing the decentralized structure of blockchain with the appeal of the Pepe meme. The token has a circulating supply of 420,690,000,000,000 (420 trillion) coins, and its mascot is inspired by the Pepe the Frog meme and the artist behind it, Matt Furie.
- Fetch.ai (FET): Fetch.ai is a blockchain platform that aims to create a decentralized network of autonomous agents that can communicate, collaborate, and learn from each other utilizing artificial intelligence (AI) and machine learning (ML). The platform seeks to enable users to automate everyday tasks such as booking a parking space or a flight. Fetch.ai aims to establish a digital world where agents can act on behalf of individuals, organizations, devices, and services, and can communicate and make transactions with one another. The project was founded in 2017 by a group of experts in AI, blockchain, and software engineering. As AI tokens are hot commodity right now, many investors are expecting big returns during the next bull market. As always, do you own research.
- Worldcoin (WLD): Worldcoin is a digital identification platform that aims to provide each person on earth with a convenient and secure way to verify their identity through a digital passport called World ID. The project seeks to overcome the limitations of traditional identification systems by using advanced technologies such as iris scanning and facial recognition. Worldcoin aims to create a decentralized and secure network that can be used for a wide range of applications, including banking, voting, and healthcare. The project was founded by Sam Altman, the former president of startup accelerator Y Combinator, and is backed by OpenAI, a leading research organization in artificial intelligence. For various reasons, WLD has been a polarizing altcoin. Please do your own research.
- Kaspa (KAS): KAS is a decentralized and fully scalable cryptocurrency that aims to solve the scalability issues associated with traditional blockchain implementations. It uses a BlockDAG architecture to enable high-throughput transactional bandwidth, instant confirmations, and next-generation scalability, while remaining decentralized. Kaspa aims to enhance its infrastructure by focusing on solving the blockchain trilemma, which strives to achieve optimal levels of security, decentralization, and scalability simultaneously. The project was founded in 2019 and is based on the GhostDAG protocol, a proof-of-work (PoW) technology that ensures secure and fast transaction processing. KAS has a large social media following, with die-hard investors who expect big returns during the next altcoin bull run.
- Polkadot (DOT): Polkadot aims to provide a scalable, interoperable, and secure infrastructure for building decentralized applications by enabling multiple blockchains to operate in parallel, connected by a central relay chain. People invested in DOT are excited about the potential of the blockchain, which of course should correlate with price as we move into the future.
- Monero (XMR): Monero aims to provide untraceable transactions and anonymous financial transactions by utilizing cryptography that offers advances in privacy and fungibility.
- TRON (TRX): TRON is a decentralized content-sharing platform that aims to revolutionize the entertainment industry. TRON’s native currency, TRX, is used for transactions on its network and supports various applications like decentralized gaming, social media, and payments. However, before buying Tron, it is worth noting that both, Tron, and their founder Justin Sun, have been polarizing within the crypto industry.
- tomiNet (TOMI): tomiNet is a blockchain platform that aims to provide a decentralized alternative internet network that is governable, manageable, easy to use, and unblockable. It is designed to offer a high level of privacy and data sovereignty to individuals, enabling them to have full control over their data. TomiNet seeks to create a new internet infrastructure that is more secure, transparent, and community-driven, with a focus on upholding freedom of speech and respecting user privacy. The project was launched in 2023 and is built on the Ethereum platform.
- Dogecoin (DOGE): Dogecoin is a decentralized cryptocurrency that was created in 2013 and is based on the popular “Doge” Internet meme. The goal of Dogecoin is to provide a fast, secure, and low-cost means of payment that is accessible to anyone. It is designed to be easy to use, with a focus on simplicity and user-friendliness. Dogecoin has gained a large following due to its lighthearted and fun-loving community, as well as its charitable initiatives. While it started as a joke, Dogecoin has since become a legitimate cryptocurrency with a market capitalization in the billions of dollars. Elon Musk has made his support of Dogecoin public, even impacting the price when he Tweets (X’s?) about it.
- Polygon (MATIC): Polygon is a blockchain platform that aims to provide a scalable and interoperable infrastructure for building decentralized applications (dApps). It seeks to address some of Ethereum’s major limitations, including its throughput, poor user experience, and lack of community governance, using a novel sidechain solution. Polygon’s goal is to enable developers to build dApps that are fast, secure, and low-cost, while also providing a seamless user experience. The platform is designed to be easy to use and accessible to developers of all skill levels, with a strong focus on community-driven development.
- Stellar (XLM): Stellar is a blockchain platform that aims to provide a decentralized network for cross-border payments and asset transfers. It seeks to enable fast, secure, and low-cost transactions between different currencies and financial institutions, with a focus on serving the underbanked and unbanked populations. Stellar’s goal is to provide a more inclusive and accessible financial system that can support economic growth and development worldwide. The platform is designed to be scalable, interoperable, and community-driven, with a strong focus on user experience and ease of use.
With hundreds more altcoins available, KuCoin is an attractive choice for traders interested in exploring the ever-growing world of cryptocurrencies. Be sure to stay up to date with market conditions and carefully research any altcoin before considering an investment.
Spot Trading Fees for KuCoin Altcoins
KuCoin offers some of the lowest trading fees on the market. They charge a flat base fee of 0.1% for both market makers and takers in spot trading, making it an attractive option for traders due to its significantly lower rate compared to the industry average. KuCoin account holders can further reduce their trading fees by holding KuCoin Token (KCS), which provides a 20% discount on trading fees when used as payment.
The platform also employs a tiered fee structure based on your trading volume and KCS holdings within the last 30 days. As you achieve higher trading fee levels, your fees are reduced, and you may even earn a negative fee rate as a market maker. For instance, Level 12 clients with more than 150,000 KCS or a 30-day trading volume exceeding 80,000 BTC are charged a taker fee of 0.025%, while enjoying a negative maker fee of 0.005%. Paying fees with KCS, KuCoin can offer its lowest taker fee of 0.02%.
KuCoin Altcoin Staking
Staking altcoins allows investors to earn interest on their holdings. In this section, we will discuss how KuCoin altcoin staking works, and how to take advantage of the attractive interest rates.
To start staking on KuCoin, deposit your altcoins in the exchange and then navigate to the KuCoin Earn platform. Here, you will find a selection of staking products, each supporting different altcoins and offering varying interest rates. Look for the coin you wish to stake, and pay attention to the Annual Percentage Yield (APY), which represents the potential return on your investment.
Some of the popular altcoins available for staking on KuCoin include Avalanche (AVAX), BNB, Polkadot (DOT), Cosmos (ATOM), Kusama (KSM, v.systems (VSYS), ApeCoin (APE), Injective (INJ), Band Protocol (BAND), Kava (KAVA), Flow (FLOW), The Graph (GRT), Near Protocol (NEAR), Solana (SOL), Stacks (STX), Cardano (ADA), Polygon (MATIC), Oasis Network (ROSE), KuCoin Token (KCS) and more. The interest rates for these coins can vary, but they are generally quite attractive when compared to traditional investments. Many of them offer rates in the 6% to 20% APY range.
Metaverse and NFT Altcoins on KuCoin
KuCoin offers a variety of non-fungible tokens (NFTs) and metaverse altcoin tokens for trading. Some of the NFTs available on KuCoin include CryptoBlades (SKILL), My DeFi Pet (DPET), and KardiaChain (KAI). These NFTs are used in various decentralized applications such as gaming, collectibles, and digital art.
In addition to NFTs, KuCoin also offers a range of metaverse tokens. These tokens are used in virtual worlds and gaming environments that allow users to interact with each other and with digital objects. Some of the metaverse tokens available on KuCoin include Decentraland (MANA), The Sandbox (SAND), and Enjin Coin (ENJ). These tokens are used to purchase virtual land, items, and experiences within the metaverse.
KuCoin also offers a range of other tokens that are related to the NFT and metaverse ecosystems. For example, it offers the Axie Infinity (AXS) token, which is used in the popular blockchain-based game Axie Infinity. It also offers the Rarible (RARI) token, which is used on the Rarible NFT marketplace.
KuCoin provides a wide range of NFT and metaverse altcoin tokens for traders and investors who are interested in the emerging digital asset class. These tokens have the potential to offer unique investment opportunities as the NFT and metaverse ecosystems continue to evolve and grow.
Future Prospects of Altcoins on KuCoin
When looking for high-potential altcoins, focus on projects with robust fundamentals, active communities, and innovative solutions. For example, DAO, or Decentralized Autonomous Organizations, offers a new way to govern and manage organizations in a decentralized manner. By keeping an eye on such evolving projects, you position yourself to capitalize on their growth potential.
AI is also a huge emerging market which many believe will be the next big thing. Kucoin altcoins such as Fetch,ai (FET), The Graph (GRT), Band Protocol (BAND), and many others are expected to do great things in the coming years.
In a fluctuating market, stablecoins like USDT and USDC are becoming increasingly popular on KuCoin and other exchanges. These digital currencies provide stability by pegging their value to reserve assets, such as the US dollar. For example, $1 in USDT or $1 in USDC = $1 USD. By incorporating stablecoins into your investment strategy, you can minimize market risks and maintain liquidity during turbulent times.
To stay ahead of the curve, familiarize yourself with trending altcoins and industry developments. Participate in the vibrant KuCoin altcoin community, where users share insights and discuss the latest projects gaining traction on the platform. By engaging with like-minded investors, Investors can make informed decisions about the most promising altcoins.
Frequently Asked Questions
How many altcoins are available on KuCoin?
There are currently KuCoin altcoins available for spot trading. Many of these are also available for futures and margin trading.
What are the most popular KuCoin altcoins?
Some of the top KuCoin altcoins by trading volume include Ethereum (ETH), Ripple (XRP), Chainlink (LINK), Solana (SOL), Monero (XMR), Pepe (PEPE), Toncoin (TON), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC), Worldcoin (WLD), Cardano (ADA), Kaspa (KAS), Injective Protocol (INJ) and Polkadot (DOT) among others. It is important to research and keep up to date with market trends to identify popular and potentially profitable altcoins.
How do I trade altcoins on KuCoin?
To trade KuCoin altcoins, you first need to have some cryptocurrency, like Bitcoin or Ethereum, to exchange for the altcoins you desire. If you don’t already have cryptocurrency, you can buy BTC or ETH using fiat money (e.g. U.S. dollars) on various platforms before transferring it to your KuCoin account.
Once you have the necessary funds, log into your KuCoin account and navigate to the trading section. Select the desired trading pair, such as BTC/ETH or BTC/LTC, and place an order to buy or sell.
Are there any hidden fees when trading KuCoin altcoins?
KuCoin is transparent about their fees, and they don’t have hidden charges for trading altcoins. Generally, the platform charges a 0.1% trading fee for both makers and takers. However, if you hold KuCoin’s native token KCS, you may qualify for discounted fees. You can review the complete fee structure on KuCoin’s website.
How do I deposit altcoins on KuCoin?
Depositing altcoins on KuCoin is fairly straightforward. First, log into your account and go to the “Assets” section. Then, select the “Deposit” option and choose the altcoin you want to deposit. You’ll be provided with a deposit address specific to the selected altcoin. Simply transfer the altcoins from your external wallet to this address, and wait for the required confirmations on the blockchain. Once the process is complete, your deposited altcoins will be reflected in your KuCoin account balance.
Is Altcoin trading safe on KuCoin?
KuCoin takes security very seriously and employs a range of measures to protect user funds and information. Some of these measures include multi-layer wallet encryption, dynamic multifactor authentication, and regular security audits. While no platform can guarantee complete safety, KuCoin’s security measures help minimize the risks associated with trading altcoins on their platform. As a user, you can also take additional steps to secure your account, such as enabling two-factor authentication and using a strong, unique password.
Does KuCoin Offer Futures Trading for Altcoins?
Yes. At the time of this writing, KuCoin has 207 tradable futures contracts available. They also offer futures bonuses, leaderboards, and competitions (Futures Brawl).
Does KuCoin Offer Margin Trading for Altcoins?
Yes. And it seems their opportunities for margin trading are growing every month.