Kucoin Withdrawal Fees | How Competitive Are They Really? 💸
October 30, 2023
3 min read
Introduction: As Kucoin is one of the biggest cryptocurrency exchanges in the world, questions frequently arise regarding their withdrawal fees, limits and options. We decided to do a full breakdown where we cover the most common questions regarding Kucoin's crypto and fiat withdrawal fees!
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Kucoin withdrawal fees
Kucoin is one of the biggest exchanges in the world with 30 million users with support in 100s of countries. The exchange offers a wide range of products including spot trading, futures, perps, copy trading and much more for a wide range of digital assets.
When it comes to withdrawal fees on Kucoin, there are two kinds that you need to distinguish, fiat withdrawal fees and crypto withdrawal fees.
The easiest way to find the withdrawal fees for the 700+ cryptocurrencies that Kucoin offers, is to use Kucoins search functionality. There users will be able to see the exact and most recently updated information about the withdrawal fee for each coin and token.
Kucoin Crypto Withdrawal Fees
When it comes to crypto withdrawal fees, readers should know that the fees depend on both the fees charged by the underlying blockchain and the additional fee added by Kucoin.
At the time of writing, here are the withdrawal fees for a few popular cryptocurrencies that are available on Kucoin.
Bitcoin (BTC): 0.0005 BTC Ethereum (ETH): 0.005 ETH Solana (SOL): 0.5 SOL Cosmos (ATOM): 0.02 ATOM Polkadot (DOT): 5 DOT Cardano (ADA): 2 ADA Injective (INJ): 10 INJ
These withdrawal fees are not the lowest in the market as they are slightly more expensive than the likes of Binance, OKX and Kraken. Having said that, you won't break the bank when withdrawing your crypto from the Kucoin exchange.
Kucoin BTC withdrawal fee
At the time of writing, the withdrawal fee for Bitcoin (BTC) on Kucoin is 0.0005 BTC with a minimum withdrawal amount of 0.0008 BTC.
Kucoin ETH withdrawal fee
At the time of writing, the withdrawal fee for ERC-20 Ethereum (ETH) on Kucoin is 0.005 ETH with a minimum withdrawal amount of 0.01 ETH.
Kucoin USDT withdrawal fee
At the time of writing, the withdrawal fee for ERC-20 Tether (USDT) on Kucoin is 25 USDT with a minimum withdrawal amount of 40 USDT.
Kucoin withdrawal limit
Kucoin modified its withdrawal limit in late 2011 to 1 BTC for accounts that have not completed KYC identity verification. Not that KYC verification is not available to users that reside in restricted countries like the United States.
For those who have passed the KYC process, that limit is 200 BTC. Note that the withdrawal limit refreshes every 24 hours.
Kucoin fiat withdrawal fees
While fiat currency withdrawal is still not available for many countries, you can withdraw currencies such as USD, EUR and GBP if you have passed the KYC verification.
USD/GBP: Advcash, 1 working days & 2% Fee
EUR: Sepa transfer, 1-2 working days & 5 EUR Fee
How long does Kucoin take to withdraw?
That depends on what you are withdrawing. If you withdraw cryptocurrencies like BTC, ETH, SOL, etc, then the withdrawal period depends to a large extent on how long it takes for the underlying blockchain to settle transactions.
Solana for example settles transactions much faster than Ethereum or Bitcoin. If you are withdrawing fiat currencies like USD, EUR, GBP etc, then it depends on the currency and withdrawal process.
For example, SEPA withdrawal can take up to 1-2 working days while USD withdrawal with Advcash can take 1 working days.
How to withdraw money from Kucoin?
On Kucoin you can withdraw both cryptocurrencies and fiat currencies such as USD, EUR, GBP etc.
To be able to withdraw fiat currencies like USD, you need to complete Kucoin's identity verification process. Note that withdrawal of fiat currencies is as of now limited to mainly EUR and GBP.
There is a 5 EUR fee and the funds should arrive within 1-2 business days. For other currencies like USD, the only option as of now is through Advcash.
Cheapest way to withdraw from Kucoin
That depends if you want to withdraw cryptocurrencies like BTC and ETH or fiat currencies like USD and EUR.
If you want the cheapest withdrawal fees for cryptocurrencies, then you have to use fast and cheap blockchains like Solana (SOL) or Cosmos (ATOM).
These are both the quickest and cheapest ways to withdraw cryptocurrencies.
The cheapest way to withdraw fiat currencies on Kucoin is through Advcash. This could of course change in the future as Kucoin adds supports for more fiat currency withdrawal options.