As a new crypto enthusiast, this KuCoin review can be quite helpful for you in determining how well the features and services of the exchange match your criteria and requirements.
Whether you are looking to buy or trading crypto, you must have some criteria. Since there are numerous options available in the industry, it can be difficult for you to know which exchange is best without thorough research.
This is where a review comes in handy. By going through various aspects and features offered by a platform, you can find it easier to finalize a platform that not only ticks the right boxes in terms of trading features but is also safe, user friendly and more.
Here are some of the major reasons why you should use the KuCoin exchange.
KuCoin Review – A Brief Overview
KuCoin is among the crypto exchanges that are prominent and known all over the world. It was established in 2017 and is one of the most versatile and oldest exchanges in the industry.
This platform has not only seen significant growth over time, but has also made a name for itself, thanks to the availability of remarkable features and services.
KuCoin stands out from other crypto exchanges because it offers a variety of services and supports a multitude of digital assets. The list of high-end features keeps growing. These are only some of the reasons why this exchange is called, “The People’s Exchange”.
Other impressive features and reasons why you should opt for this exchange are mentioned below.
Wide Range of Cryptocurrencies
This KuCoin review addresses one of the major factors that people often look for before they choose an exchange. The availability of a variety of crypto assets targets a larger audience and makes it easier for people to invest in digital coins that may not be so popular as others. This strategy is often implemented by crypto enthusiasts who want to create a diverse portfolio.
Users of the KuCoin exchange do not have to worry about not getting enough options because it allows the buying, trading and even storing of more than 200 digital currencies. The assets available are from 400+ markets.
Fee to be Paid
The fee charged by an exchange is yet another important aspect that needs to be researched thoroughly before you decide on using a platform. Every crypto exchange you come across will charge a fee that you will have to pay while buying, selling or trading crypto.
The difference, however, is in the amount and transparency of that amount charged by the platforms. Some exchanges offer the same kind of features as others but at a higher fee, which sometimes also include hidden charges.
Therefore, you need to opt for an exchange that charges a low and transparent fee. The KuCoin exchange is one such platform.
The fee is free of any additional charges and the details are mentioned below:
- No fee for deposits
- 0005 BTC withdrawal fee
- Trading fee for market makers: 0.09% to 0.03% (depending on trading volume)
- Trading fee for market takers: 0.1% to 0.07% (depending on trading volume)
Availability of Trading Bot
This KuCoin review can help you determine why the platform is so prominent and stands out from its competition. It is because of high-end and distinctive features such as the trading bot.
This platform supports a trading bot that is free-to-use and can be instructed by the traders regarding the kind of trades they want to place and when. The bot then automatically executes the trades.
It is a beneficial feature because it can be used by new traders as well. Inexperienced traders can copy the configurations of a successful trading bot and instruct their trading bot accordingly.
High-end Safety Protocols
One of the main questions to ask is, “is KuCoin safe?”. This aspect needs to be properly explored while choosing any platform, regardless of how popular it is.
Since the crypto space is a vast and unpredictable place, you can be susceptible to frauds or cyber threats and scams if you do not choose a platform carefully. While none of the platforms are 100% risk-free, there are some that offer higher security than others.
This KuCoin review addresses this aspect too and highlights that it is one of the safest platforms out there with state-of-the-art security systems implemented. The technologies and security features used ensure the users are offered utmost security.
Some of the security systems used are:
- Offline wallet storage
- Advanced web security
- Two-factor authentication (2FA) system
- Know your customer (KYC) verification
You may come across numerous platforms while you look for a suitable exchange to use for buying or trading crypto. However, going through the details of the features it offers to the users can help you make an informed decision. This is why the KuCoin review with details mentioned above can also be beneficial for you.