Kucoin ranks among the world’s largest cryptocurrency exchanges, boasting 30 million users across more than 200 countries. Some of the key countries where Kucoin has become a reference exchange include South Korea, the United States, India, Vietnam, Japan, Germany, France, Turkey, South Africa, and Brazil.
A notable feature of Kucoin is its promotion of a referral code. In this article, we will explain what the Kucoin referral code is, what it’s for, and how to use it. Interested? Then get ready to have all your questions answered!
What is the Kucoin Referral Code?
The referral code is designed to encourage new users to create an account on Kucoin. In addition to all the benefits of the exchange, entering the code QBA46K7A at registration gives you a 20% discount on all trading fees. This code needs to be entered on the very first page of the registration process.
To use it, click on the field labeled “Referral code (Optional)” to enable it. If you hover your mouse over this field, you will see the message “Have a referral code from a friend? Otherwise, leave this field blank” as shown in the figure below:
Fortunately, you have a friend’s code (QBA46K7A), which will give you the maximum possible discount on Kucoin. 😉
You can create an account using your email, phone number, or even log in directly with your Google, Telegram, or Apple account after accepting the terms. You will also notice that the registration button has a gift icon with the words “Create Account and Claim Reward”. This means that Kucoin will give you 500 USDT + 200 USDT coupon + 7500 USDT Futures Trial Fund to get you started after you complete account creation and identity verification.
Note that not all countries are authorized to use Kucoin’s futures market. You will find out if this feature is available within your personal account.
Is There an Easier Way to Create an Account with a Reference Code on Kucoin?
Certainly! For those who don’t want to type the code manually or copy and paste, just click on this link and you will be directed straight to the official registration page with the reference code already filled in automatically. The rest of the process remains the same.
Is There a Kucoin Code for the Futures Market?
This is a common question, so let’s make it very clear: by using the Kucoin futures code QBA46K7A when creating an account on Kucoin, you automatically receive the benefit for the futures market as well as for the spot market. There is no difference; the 20% discount on fees will apply in the same way.
If You Use This Code in 2024, Will It Still Be Valid in 2025?
Yes, the Kucoin code QBA46K7A is valid in 2024, which means your account will get a 20% discount on fees not only in 2024 but also in 2025 and subsequent years!
What Are Kucoin Rewards and How Do They Work?
The high promise of rewards from Kucoin might seem strange, but let’s explain how it works:
After completing the basic steps of account creation, identity verification, first deposit, and first trade, you will receive USDT vouchers to be redeemed. These are modest amounts like 15 USDT, 50 USDT, etc.
The high reward values refer to the “Futures Trial Fund”. This benefit allows you to use money that isn’t yours to trade in Kucoin’s futures market. For example, if you obtain 8000 USDT of trial funds, you can open a long or short position in the Kucoin futures market with this money, and any profit earned can be redeemed.
You will gradually receive these rewards according to the table below, based on your deposits and trades made:
Hundreds of cryptocurrency pairs can be traded in both the spot and futures markets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Pepe (PEPE), Ripple (XRP), Render (RNDR), Toncoin (TON), and many others.
It is recommended that after purchasing the cryptocurrency of your interest, you take custody yourself by transferring it to a personal wallet instead of leaving it on Kucoin. Exchanges should be used only for trading, not for custody.
Risks
One concern is the security of your assets. Although Kucoin has implemented robust security measures, such as multi-factor authentication and encryption, the exchange has experienced hacks in the past. In September 2020, Kucoin suffered a major security breach, resulting in the loss of over $280 million in cryptocurrency. While most of the stolen funds were eventually recovered, this incident highlights the inherent risks of keeping large amounts of cryptocurrency on any exchange. That is why, as we have already mentioned, you should transfer your assets to a personal wallet for safekeeping whenever possible.
Another risk involves regulatory uncertainties. Cryptocurrency regulations vary significantly across different countries, and changes in these regulations can impact the operation and accessibility of Kucoin. For instance, certain countries may impose restrictions or outright bans on cryptocurrency trading, which could affect your ability to use the platform or access your funds.
Never forget that exchanges are services, while you are truly responsible for making decisions and staying well informed.
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