Introduction
Kucoin is a China-based cryptocurrency exchange which was founded in May of 2017. The company’s goal is to provide users with a safe and easy way to buy and sell cryptocurrencies. Kucoin also has its own native token called Kucoin Shares (KCS) which can be used to get discounts on trading fees, as well as earn rewards. In this Kucoin review, we will take a look at the pros and cons of the exchange, as well as provide an overview of Kucoin’s fees, features, and security.
What is KuCoin.com ?
KuCoin is a digital asset exchange that allows users to trade in a variety of cryptocurrencies. The platform is designed for both novice and experienced traders, and offers a variety of features that make it an attractive option for those looking to invest in the cryptocurrency market. KuCoin also offers its own native token, called KCS, which can be used to reduce trading fees on the platform.
How to use KuCoin ?
KuCoin is a digital currency exchange that allows users to buy and sell cryptocurrencies. KuCoin also allows users to convert their cryptocurrencies into other currencies, such as US dollars or Euros.
To use KuCoin, you first need to create an account. You can do this by providing your email address and creating a password. Once you have created an account, you will need to verify your identity by providing some personal information, such as your full name and date of birth.
Once you have verified your identity, you will be able to deposit funds into your account. You can do this by transferring funds from your bank account or by using a credit or debit card. Once you have deposited funds, you will be able to buy and sell cryptocurrencies on the KuCoin exchange.
KuCoin Fees
KuCoin is one of the most popular cryptocurrency exchanges with a strong focus on altcoins. It offers low trading fees of 0.1% and also provides users with a variety of KuCoin bonuses.
Withdrawal fees are also very low, making KuCoin one of the most attractive exchanges for those looking to trade or invest in alternative cryptocurrencies.
One downside of KuCoin is that it does not offer margin trading or short selling, so traders looking to leverage their positions will need to look elsewhere. Overall, KuCoin is a great option for those looking for a reliable and affordable way to trade altcoins.
KuCoin Pros
-Low trading fees of 0.1%
-KuCoin Shares (KCS) earn you a daily bonus, which lowers your trading fees even more
-A large and growing selection of altcoins
-A user-friendly interface
-Active community chat rooms on Telegram and Discord
KuCoin Cons
There are a few potential cons with using KuCoin that users should be aware of. First, the exchange does not currently offer fiat currency trading pairs. This means that users can only trade cryptocurrencies on the platform and cannot use USD or EUR to buy altcoins. In addition, KuCoin does not offer margin trading at this time. For traders who are looking to leverage their positions, KuCoin is not the best option. Finally, KuCoin has been known to be one of the more volatile exchanges in terms of pricing. This can be good or bad depending on what type of trader you are, but it is something to be aware of nonetheless.
KuCoin Trading Platforms
The KuCoin trading platforms are some of the most user-friendly and advanced in the industry. The web-based platform is simple and easy to use, while the mobile app is well designed and provides all the features and functions that traders need on the go. KuCoin also offers a professional platform for more experienced traders, with more sophisticated tools and features. Overall, the KuCoin trading platforms are very good, and provide everything that traders need to be successful.
KuCoin Customer Support
When it comes to customer support, KuCoin does not disappoint. The exchange offers 24/7 live chat support, as well as email and ticket support. The customer service team is responsive and helpful, and they are always willing to go the extra mile to help solve any issues you may be having.
One thing to note is that KuCoin does not currently offer phone support. This is something that may be added in the future, but for now, if you need assistance, you will need to use one of the other methods of contact.
Overall, KuCoin provides excellent customer support and there should be no issue getting the help you need when using this exchange.
KuCoin Security
When it comes to security, KuCoin takes things seriously. The exchange uses both hot and cold wallets to store user funds, with the majority of assets stored offline in cold storage. KuCoin also employs cutting-edge security features like two-factor authentication (2FA), withdrawal whitelisting, and IP address whitelisting.
In addition, KuCoin has implemented a risk management system that monitors activity on the platform in real time and immediately flags any suspicious activity. The team also conducts regular security audits to ensure that the platform is always up to date with the latest security best practices.
Overall, KuCoin is a very secure platform that takes all the necessary steps to protect user funds.
Conclusion
Overall, Kucoin is a great exchange with low fees, a good selection of altcoins and a very user-friendly interface. It’s definitely worth considering if you’re looking for an alternative to the more popular exchanges such as Binance or Coinbase. However, it’s important to remember that Kucoin is still a relatively new exchange and there have been some concerns raised about its security. So if you do decide to use Kucoin, make sure you take extra care to protect your account and keep your funds safe.