KuCoin Review – Is KuCoin Scam or Satisfactory as an Exchange?

KuCoin Review

KuCoin is a significant cryptocurrency exchange that enables users to buy, sell, and trade digital assets. The trading platform includes margin, futures, and P2P trading, in addition to the standard trading choices. In addition, users can stake their cryptocurrency to receive incentives. KuCoin is an appealing choice because its trading fees are quite modest compared to some of its rivals. Continue reading this KuCoin review to acquire further information about this cryptocurrency exchange.

Company Overview

KuCoin is a cryptocurrency exchange established in 2017 and has its headquarters in Seychelles. Since its inception, it has expanded to become one of the major global exchanges in terms of transaction volume. Additionally, it has grown to include more than 10 million members and has a foothold in over 200 countries.

Cryptocurrencies Available

Over 600 digital currencies are available for purchase, sale, and trading on the KuCoin platform. Those interested in acquiring a diverse range of assets may find the provisions made by this exchange to be satisfying. The following is a selection of the cryptocurrencies that may be purchased using KuCoin at present Bitcoin (BTC), Polkadot (DOT), Ethereum (ETH), Dogecoin (DOGE), XRP (XRP), and Shiba Inu (SHIB).

Trading Experience

No one wants to pay for a trading service that is outdated or lacks the basic functionalities. Moreover, traders want seamless trading support from the broker. online trading is continuously fluctuating and in a matter of a few minutes prices of assets go up or down. You definitely don’t want to miss any of the opportunities, so, trading just on personal computers or laptops is not always feasible for you. Many traders prefer trading on the go, KuCoin understands this trading need and offers a trading platform that can be accessed from any device.

You can even trade while traveling or sitting in a restaurant having a cup of coffee. The trading platform also offers multiple trading tools, like stop loss, limit orders, trading signals, price change alerts, and much more. This is all you need to excel in online trading. The broker is not fishy and makes everything transparent, so you don’t have to face problems later on. In my opinion, trading experience with KuCoin is second to none.

Fee

KuCoin provides a tiered maker/taker fee scheme, with trading costs ranging from 0.0125 percent to 0.1 percent, depending on the tier level you are currently operating at. Compared to its rivals, whose fees can reach up to 0.50 percent of each deal, its prices are relatively affordable. A user’s KuCoin Token balance determines whether or not they are eligible for trading fee savings.

Security

A trade-specific password is provided to users of KuCoin in addition to the platform’s other security features, including multi-factor authentication and encryption. Users must provide this password and their standard login credentials to conduct transactions or withdraw assets. It offers an additional layer of safety and is a type of security feature unique among cryptocurrency exchanges.

Account Opening

Opening a trading account with KuCoin is straightforward and takes only a few moments to complete. Visit the KuCoin website and look for the “Sign Up” button in the top right-hand corner of your screen. It will get you started with KuCoin. After that, you will be prompted to provide your email address, phone number, verification code, and password. After your account has been established, you can begin trading.

After that, you will be given the option to complete the KYC process, which, if successful, would grant you access to larger daily withdrawal limits and other services.

Conclusion

KuCoin is a massive global exchange that provides users with various features and capabilities that may pique the interest of more experienced traders. On the other hand, users tend to give it low ratings, and it does not have permission to conduct business in the US. If you are not located in the United States and have prior experience trading cryptocurrencies, you may find the services that KuCoin provides to be useful.