How Many People Use KuCoin in 2022?

Last Updated: August 5, 2022
Learn about how many people use KuCoin and other interesting facts about the platform.
How Many People Use KuCoin
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Quick Answer 🔍

How many people use KuCoin in 2022?

KuCoin has 10 million users.

There are a lot of sprouting cryptocurrency exchanges offering attractive bonuses and trading features.

On the other hand, there is only a handful that has solicited traders’ trust and loyalty.

In this article, we will discuss how many people use KuCoin in 2022, including the site’s monthly visits and many interesting benefits.

How Many People Use KuCoin in 2022?

How many people use KuCoin in 2022? A lot!

As of the latest data released on December 2021, the crypto exchange had breached 10 million in user count for the first time.

This milestone made it one of the top five largest digital asset platforms during that time. 

All About KuCoin

KuCoin is one of the more popular cryptocurrency exchanges that entered the market just five years ago.

Licensed in Seychelles, the platform operates in over 200 countries and territories worldwide. 

Today, it is considered among the most preferred trading sites for cryptocurrency by trading volume.

There are now more than 600 coins for buy, sell, and trade on KuCoin. 

KuCoin Website Ranking

KuCoin’s official website ranks #4,021 out of all the websites on the internet while securing the #40 spot in the Finance and Investing category.

It has come just above amazon.sa and below sportsnet.ca. In April, it generated 12.2 million monthly visits.

Each access lasts an average of 8.08 minutes, making it one with the highest engagement rate among websites operating in the same industry. 

KuCoin’s Website Visits from February to April 2022

Below is KuCoin’s monthly website visit data from February to April 2022, generated on the Similarweb site:

  • February – 13.5 million monthly visits
  • March – 12.9 million monthly visits
  • April – 12.2 million visits

The popular trading site recorded a downward website visit trajectory over the past three months.

February 2022’s monthly data is higher by 1.3 million compared to last month.

KuCoin’s Core Audience by Country

Take a look at the countries that have the highest KuCoin visits and their respective market share.

Despite not securing a license to operate in the United States, the geographic location remains its highest website patron to date.

  • United States – 24.16%
  • United Kingdom – 3.81%
  • Canada – 3.54%
  • India – 3.47%
  • The Netherlands – 3.02%

KuCoin’s Audience Demographics by Age

KuCoin’s audience demographics by age show the age group 25 to 34 years old has the highest user consolidation at 35.14%.

Users aged 18 to 24 years old followed at 21.16%. Take a look at the data on the site’s latest age demographics:

  • 18 to 24 years old – 21.16%
  • 25 to 34 years old – 35.14%
  • 35 to 44 years old – 20.32%
  • 45 to 54 years old – 12.28%
  • 55 to 64 years old – 7.11%
  • 65+ years old – 3.99%

KuCoin’s Audience Demographics by Gender

Female users occupy 25.16% of KuCoin’s total user base while their male counterparts captured the remaining 74.84%.

This gender gap resonates with the overall crypto market. Only 19% of women aged 18 to 29 years old are in the industry compared to men’s 43%.

Advantages of Using KuCoin

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Credits: unsplash.com

How many people use KuCoin is largely dependent on its long list of benefits. Here are some of the advantages that investors love about the platform:

1. Low Fees

KuCoin offers one of the lowest trading fees in the market today. Trader and maker fees go as low as 0.012% to 0.10%, which is lower than the industry average of up to 1%. 

Meanwhile, the deposit fee is between 1% to 3% when using a debit or credit card, while $15 for Google Pay for transfers below $500.

2. Many Cryptocurrencies to Choose From

There are over 600 cryptocurrencies that can be traded on the platform, including its homegrown token KuCoin Token (KCS).

Here are the top 10 cryptocurrencies that traders can buy, sell, and stake on the site:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETC)
  • Tether (USDT)
  • Binance Coin (BNB)
  • Cardano (ADA)
  • XRP (XRP)
  • USD Coin (USDC)
  • Dogecoin (DOGE)
  • Polkadot (DOT)

3. KuCoin Offers Automated Trading Using a Trading Bot

Despite entering the market just five years ago, KuCoin is innovative in terms of its service offerings.

The site began offering the KuCoin Trading Bot in early 2021 and has attracted many traders to use the site since then. 

The beauty of automated trading is earning even one is asleep. Also, trading bots leverage artificial intelligence data which lessens the risk of loss.

On the other hand, investors are reminded to always trade with caution even when using this technology as cryptocurrency is a highly volatile investment.

As of late, more than 300,000 of its total global users have leveraged the feature, accessing 665 spot trading pairs and 79 futures trading pairs.

KuCoin Token (KCS) Tokenomics

KuCoin’s own token KCS currently exchanges hands at $14.00, with a 52-week price between $4.60 and $28.80.

It has a market capitalization of $1.4 billion and ranks $42 among all cryptocurrencies.

KCS has a maximum supply of 170 million and 98 million have already been minted.

KuCoin’s Downside

Despite its many benefits, KuCoin also has a downside. The site is not suitable for beginner traders, given that its features and offerings are for advanced traders who already have prior knowledge of crypto. 

Similarly, it is not licensed to operate in the United States which means traders from the country will have to seek other measures to trade on the site which are often not safe.

Top Cryptocurrency by Price Performance in 2021

KuCoin topped the list of cryptocurrency exchange coins witht the highest year-to-date hike in 2021:

  • KCS – 3,119% increase
  • MX – 2,024% increase
  • WRS – 1,850% increase 
  • BNB – 1,478% increase
  • LCX – 1,341% increase

Binance’s BNB coin is also on the list and recorded a 1,478% advance over the same period.

Conclusion

10 million users.

That is how many people use KuCoin in 2022.

Millions of traders worldwide trust the site for a variety of reasons namely low trading fees, a wide variety of cryptocurrencies to choose from, and the availability of novel features.

These reasons made it one of the most-popular exchanges today.

We hope you enjoyed reading this article about KuCoin. Make sure to check the platform to see its other benefits and features.

Cryptocurrency is a highly volatile investment. Always trade with caution.

Sources

FoolSimilarwebKucoin
InvestopediaYahooYahoo
CoinMarketCap

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Written by Thomas McGovern

Thomas has over a decade of experience with blockchain and cryptography. He writes regularly for EarthWeb and holds a M.S. in Mathematics.
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