Kucoin Review
Secure Cryptocurrency Exchange
Overview
Kucoin is a cryptocurrency exchange platform that offers a wide range of crypto coins and altcoins for trading. It has a powerful core trading engine that handles millions of transactions simultaneously. At the same time, secure asset security management tools keep your coins safe and secure. As it is also a white label crypto exchange, it adds new and emerging cryptocurrencies. You can also customise the program using its API. Kucoin exchange is available as a cloud-based application that you can use directly from your web browser or from iOS & Android mobile devices, tablets.
Company | Kucoin |
Official Website | |
Primary Category | Cryptocurrency Exchanges |
CEO | Johnny Lyu |
Headquarter | Seychelles (Hong Kong) |
Founded | 2017 |
Native Token | Yes |
Mobile Application | Yes(Android/ iOS) |
Deposit Fee | Free |
What is Kucoin?
KuCoin was founded in September 2017 for cryptocurrency trading in Seychelles, Hongkong. Users can perform digital asset transactions securely and efficiently on this exchange. The exchange gives a high value to the quality of the projects. As the exchange grow, the exchange intends to provide long-lasting, higher value to millions of users in over 100+ countries.
According to coinmarketcap, the KuCoin exchange is currently rank on 5th for traffic, liquidity, and trading volumes in the spot market. It has quickly become one of the most popular crypto trading exchanges globally. Forbes also named this platform as one of the Best Crypto Exchange in 2021, and the Ascent listed KuCoin as the Best Crypto App for enthusiasts in 2022.
Features Of Kucoin
The Platform has become a top cryptocurrency exchange that has satisfied many crypto consumers worldwide. The platform offers a wide range of crypto services, including the fiat onramp, futures and kucoin margin trading, passive income services such as staking and lending, non-custodial trading, and IEO launchpad for crypto, crowdfunding, peer-to-peer (P2P Crypto Exchange) marketplace, and more.
There are several notable features of this crypto trading platform, These features are as mentioned below –
- Buy and sell 600+ cryptocurrencies with low fees on this trading platform. It is one of the Best cryptocurrency exchanges, supporting a range of crypto assets. It charges a 0.1% trade fee and small fees for futures trading.
- The high liquidity rate in the market allows for rapid and straightforward trade transactions, so you can quickly and easily make your trades. This active exchange allows for limitless growth as it does not restrict the amount of trading and development.
- The Exchange takes steps to make sure your investments stay secure. The company employs security professionals to periodically examine your account, closing any gaps they identify on the way to your goals. These services safeguard your portfolio and keep your account safe from digital identity theft and other cybercrimes.
- This intuitive and beginner-friendly Platform and easy to use that makes trading simple and enjoyable for everyone.
Kucoin Fees
This exchange has a maker/taker fee model with trading charges ranging from 0.0125% to 0.1%, depending on your level. The fees are on the lower end as compared with the other competitors in the market, which may charge up to 0.50% per trade. The trade volume discount based on KuCoin Token (KCS).This exchange also charges trading and withdrawal fees that vary according to asset and are subject to change based on market performance. Deposits on this exchange are free, but it is important to note that kucoin currently offers only limited fiat deposits.
Withdrawal Fees
Coin | Fee | Min Amount |
BTC Bitcoin | (0.0005 + Amount * 0%) BTC | 0.001 BTC |
ETH Ethereum ERC20 | (0.005 + Amount * 0%) ETH | 0.01 ETH |
BNB Binance Chain Native Token BEP2 | 0.01 BNB | 0.01 BNB |
USDC USD Coin ERC20 | (20 + Amount * 0%) USDC | 50 USDC |
XRP Ripple XRP | 0.250000 XRP | 21.000000 XRP |
ADA Cardano ADA | 1.000000 ADA | 2.000000 ADA |
SOL Solana SOL | (0.010000 + Amount * 0%) SOL | 0.200000 SOL |
DOGE Dogecoin DOGE | 20.000000 DOGE | 40.000000 DOGE |
KCS KuCoin Token KCC | (0.02 + Amount * 0%) KCS | 1 KCS |
KuCoin Token (KCS)
The exchange uses its native cryptocurrency, Kucoin Shares (KCS), issued on the Ethereum blockchain technology. The KCS coin is the native token of the exchange and provides users with several rewards for keeping and supporting the asset. By holding at least 6 KCS crypto coins in their exchange account, users receive dividends, including rewarding trading fees, discounting trading fees, and other trading pair access.
Supported Cryptocurrency And Coin
The KuCoin exchange offers over 600+ cryptocurrencies for users to buy, sell, and trade. Those looking for a wide range for selection of the cryptocurrency may find this platform very useful. Here are some cryptocurrencies available on this platform –
- BTC Bitcoin
- ETC Ethereum
- BNB Binance chain native token
- ADA Cardano
- XRP Ripple
- SOL Solana
- DOGE Dogecoin
- DOT Polkadot
- TRX Tron
- LTC Litecoin
- ETC Ethereum Classic
Many more cryptocurrencies are available on this platform. You can choose the crypto as per your need and choice.
Security And Safety
This exchange is a centralised crypto trading platform based on blockchain technology and transparent practices. Still, it is even more secure, thanks to different safety protocols. 2-Factor Authentication is one of the safety protocols. It provides additional protection for the user account by utilising advanced SSL encryption. The user interface of KuCoin crypto is highly user-friendly with security features. The KYC process must be completed before withdrawals can be completed, and it is strongly advised to do.
This exchange has the industry-standard security features, including-
- Email notifications.
- Trading password.
- Phone verification.
- Security questions.
- Anti-phishing safety phrase.
- Login safety phrase.
Kucoin Pros And Cons
Pros
- More than 600+ cryptocurrencies are supported.
- Low trading Fees.
- Multiple payment methods.
- Mobile application available on both android & iOS devices.
- A variety of tools for more active traders.
- Non-compulsion of KYC (required for withdrawals).
- High Liquidity.
Cons
- imitations for U.S. users and it is not licensed in the United States.
- No bank deposits are available.
Customer Support
The Platform offers better customer service to its customers than its competitors, It is available 24*7. The live chat or email support with quick response time makes KuCoin a reliable exchange.The exchange also has an online application form to raise user concerns. It also has strong social media presence on social media platforms like Facebook, Twitter, LinkedIn, etc. Customers can contact the customer support team through social media platform.The kucoin team is always available for help on these cryptocurrency platforms.
Mobile Application
The mobile app of this exchange is simple to use. It provides a range of convenient trading functions which you can use at any time. This cryptocurrency trading app is compatible with both Android and iOS devices. Users may open positions, view trades, and keep track of wallet balances with this app.
It offers complete functionality for all trading products and features. The app is fast and even has a trading bot which is not available on the desktop version. On the Google Play store, there are over 5 million downloads of KuCoin’s app and it has the rating of 4.3 stars.
Kucoin Review - Final Thought
KuCoin is a leading cryptocurrency exchanger that provides advanced trading features and unique products. The exchange is famous for its beginner-friendly trading interface on desktop and mobile apps. Traders can swap digital currency assets quickly and with low trading fees on this exchange. Because of its prominence in the world of cryptocurrencies.
It has numerous abilities and applications to satisfy various trading demands and customers. This platform offers low trading charges and supports over 100+ fiat currencies and 600+ digital currencies. In addition, their customer service is superior to other equivalents. There is no deposit fee, and withdrawal fees vary according to the crypto you want to withdraw. This exchange has its own KuCoin Wallet for their clients. They must deposit funds into a KuCoin wallet before using the exchange.
In this KuCoin exchange review, we’ve tried to cover all the information you need to know before starting trading. Hope you like this review about the Kucoin.
