KuCoin is a cryptocurrency exchange established in Hong Kong that is still in its early stages. A seasoned team of blockchain and cryptocurrency specialists created the exchange in May 2017 after developing and constructing the exchange architecture in 2011. The cryptocurrency exchange only trades cryptocurrency assets and does not provide any fiat currency trading pairings. KuCoin’s adoption of a profit-sharing model in which 50% of trading expenses are given to consumers who possess KuCoin’s native token “KuCoin Shares” (KCS) is an interesting feature.
Regulations
KuCoin, like other cryptocurrency exchanges, is not regulated by any credible regulatory bodies. However, the exchange has so far shown to be a credible exchange with credible staff and founders running the site. Michael Gam, the CEO and creator of KuCoin, formerly worked at Ant Financial, the world’s most valuable Fintech startup.
Trading systems
KuCoin created its customized web-based trading platform. The platform’s design and interfaces are exceptionally user-friendly, making it excellent for both novice and seasoned traders. The platform outperforms several other Bitcoin trading sites in terms of design. It’s simple to navigate and choose which Bitcoin assets and marketplaces to trade. Furthermore, the platform includes extensive trading and analysis capabilities provided by TradingView, including technical indicators and charting. The KuCoin trading site operates well and has all of the functionality that one would expect from a top cryptocurrency exchange.
Mobile purchasing
KuCoin offers mobile trading through a downloadable smartphone application. The mobile software is available for both Apple and Android smartphones and works well. The app incorporates all of the fundamental capabilities included in the web-trader version, allowing traders to examine charts, execute trades, and check open orders and transaction history. Overall, the mobile application is extremely pleasant and simple to use.
Trade instruments or types
KuCoin is nothing more than a cryptocurrency exchange. Due to the lack of even fiat trading pairings, traders must first acquire cryptocurrencies using fiat money from another source before utilizing KuCoin. KuCoin offers a broad range of cryptocurrencies for trading and is constantly adding new coins. They have a larger assortment of cryptocurrencies than many other cryptocurrency exchanges and provide trading pairings between BTC, ETH, KCS, NEO, and USDT. KuCoin provides its traders with extremely easy and straightforward trade kinds for exchanging one cryptocurrency for another. They are, like other cryptocurrency exchanges, fairly basic and do not enable margin trading.
Account categories
KuCoin offers a single standard account type that is shared by all users. Users do not need to authenticate their identity and may establish an account in minutes. To establish an account and start trading, all you need is an email address and a password.
Spreads and commissions
KuCoin’s fees are among the lowest in the cryptocurrency exchange sector. They work hard to make using their exchange economical to expand their client base and become the number one exchange. There are no deposit fees, and traders are only charged 0.1% on their transactions. Deposits to the exchange are free, and customers pay minor withdrawal fees that differ in each currency. Traders may even save money on small transaction costs by keeping and trading KuCoin Shares. KuCoin always returns 90% of its exchange fees to its users in some form.
Options for deposits and withdrawals
KuCoin’s sole deposit and withdrawal methods are cryptocurrency. All deposits and withdrawals may be made quickly and simply via the user’s assets page. To provide the maximum degree of security, Google authenticator and email confirmations may be activated for withdrawals.
Promotions and bonuses
Another area where KuCoin shines is in its substantial incentives and promotions. As previously stated, KuCoin only keeps 10% of the fees it charges, releasing the other 90% to platform users. Traders may be awarded for actively interacting with and promoting the platform, as well as investing in new cryptocurrencies and participating in events and contests. In addition, when new users join up using their referral code, members earn an invitation bonus. Holding KuCoin Shares is another option to collect bonuses. KuCoin shareholders benefit from reduced trading costs as well as other perks like entry into competitions and drawings.
Customer service
KuCoin provides amazing customer service. They provide a 24-hour hotline chat service where experts are accessible to answer any queries consumers may have. Support is also accessible through email and a short yet helpful FAQ website. The support personnel typically respond quickly, courteously, and professionally. In comparison to many other cryptocurrency exchanges, KuCoin’s service is exceptional.
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