Crypto Exchange & Trading Platform | Kucoin Review
This article will cover everything you need to know before choosing Kucoin as your exchange for cryptocurrency trading.
Tom, Crypto Enthusiast
Are you looking for a crypto exchange platform with rich features that will make your trading experience easier and more profitable? If the answer is yes, then KuCoin might be exactly what you need.
A few weeks ago I researched the internet for a new crypto exchange and found that many people were recommending KuCoin, so I decided to check it out.
The company is growing FAST in popularity, and this is not by chance. You'll understand why after reading my review of the platform, which will help you better understand what KuCoin is all about.
Kucoin Overview
KuCoin is a cryptocurrency exchange and trading platform that was launched in 2017 and has its headquarters in Seychelles. Since its launch, the platform has grown to become one of the biggest exchanges in terms of trade volume.
The company has more than 10 million users globally and is present in more than 200 countries. KuCoin is great for all kinds of traders, so you will fit right in regardless of the level of experience you have.
The platform supports both popular and less popular coins, which is great if you are looking to diversify your portfolio.
KuCoin also has some advanced features like leveraging your position through margin trading and the option of using trading bots in their mobile app. These amazing features can make work easier for advanced traders who understand the risk of using these techniques.
Available Crypto To Trade
KuCoin offers a wide range of cryptocurrencies to choose from, giving you more options and flexibility on what you want to trade. It has over 600 coins and more than 1000 cryptocurrency pairs.
You'll find all the popular coins like Bitcoin and Ethereum, as well as less popular coins that are not available on other exchanges, which makes it easier for you to get the most out of your trading experience.
Here are a few of the cryptocurrencies available to trade:
Bitcoin (BTC)
Ethereum (ETH)
Terra (LUNA)
Fantom (FTM)
Ripple (XRP)
Avalanche (AVAX)
Polygon (MATIC)
Polkadot (DOT)
Litecoin (LTC)
Stellar Lumens (XLM)
Trading Experience
Let me share with you some of the benefits that I have experienced since I've started trading with KuCoin:
User-friendly interface
The user interface on KuCoin is very easy to use for traders of all levels, and even a beginner can get started without any problems. The design is great, and it's straightforward to navigate.
Its intuitive layout makes it simple to track your trades, which increases your profits in return because you make informed decisions based on what you see on the platform.
Arwen integration
The Arwen integration makes KuCoin one of the most efficient exchanges when it comes to speed and security. This is because the integration allows you to trade without depositing your money into a third-party wallet, making the process more secure for you as a trader.
Ability to earn interest on crypto
KuCoin offers a unique feature that allows you to earn interest on your crypto holdings. You can do this by staking assets or lending them out and charging interest. This is a great way to build your portfolio and make more money from your investments. You can earn an interest of between 8% to 12%.
Bot trading
Although I've have not experienced it as the time of writting this article, KuCoin enables its users to trade cryptocurrencies on autopilot using their in-house bots.
Earning profits without ever monitoring the market is every investor's dream, though I strongly recommend starting out with a small investment and keep track of your results if you ever decide to try out these trading bots.
Fees & Pricing
KuCoin offers relatively low fees compared to other industry leaders. The fees are based on a tiered model, with trading fees falling between 0.0125%-0.1% depending on your tier level.
You can also get fee discounts based on your KuCoin Token (KCS) balance.
Security
KuCoin uses industry-level encryption with many different layers of security such as dynamic multi-factor authentication and micro-withdrawal wallets.
Is KuCoin Safe?
The company partnered up in 2019 with Arwen, a blockchain-based escrow service. When trading with KuCoin, your coins are moving from your wallet into the blockchain-based escrow instead of the exchange wallet. This way, if ever the KuCoin exchange gets hacked or is subjected to malicious behavior, your coins are not at risk of being stolen.
KuCoin is therefore one of the most secure exchange. Knowing that your digital assets are secure on the exchange allows you to trade much more confortably.
How can you start trading on KuCoin?
The first step is to create an account on KuCoin. This is a quick and easy process that only takes a few minutes.
As explained in my beginner's guide, once you have created your account, you will need to deposit some funds to start trading. You can find detailed instructions on how to do this on the KuCoin website. After your funds are deposited, you are ready to start trading.
If you'd like to sign up for a new KuCoin account, you can do so by clicking the button below.
Customer Service
KuCoin has one of the best customer service out there. They are always willing to help and resolve any issues you are experiencing with the platform. All you need to do is contact their 24/7 customer support, and they'll respond promptly.
Pros & Cons
Here's a summary of what I found to be the strong points of KuCoin, and the ones that could be improved, based on my own experience with the platform and through some research.
Pros
Wide range of cryptocurrencies to choose from
User-friendly trading features
Relatively low fees
Allows crypto lending & interest earning
Strong security system
Great customer support
Strong user base
Cons
It is not licensed in the U.S.
Limited educational resources
Not the most ideal for beginners
Limited withdrawals
My Final Rating
KuCoin is a great platform for anyone who wants to get into crypto trading. It has great features that makes it better than other platforms, providing you with a smooth and enjoyable trading experience.
Some of most notable advantages of this exchange are a wide range of cryptocurrencies available to trade, great security features, the possibility to make extra money with crypto lending and interest earning, as well as their bot trading features.
In addition, the relatively low fees make it more profitable for traders.
Although KuCoin has a few drawbacks, the benefits provided by the platform definitely outweigh them, making it a great choice for people living outside of the United States.
If you're looking for a reliable and secure exchange with valuable features and all the necessary tools to start investing in cryptocurrency, I would highly recommend you to register an account with KuCoin. You will not be disappointed.
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