Known as, “The People’s Exchange”, this platform has several intriguing features you will know about through this KuCoin review. Understanding the details mentioned in this review can give you a good insight into what the crypto exchange offers to the users.
It is generally a good and useful practice to do a thorough research regarding a platform before you choose it to buy or trade crypto. This makes it easier to discern that the features and aspects available on the exchange match your trading requirements, criteria and more.
Therefore, if you are interested in using the KuCoin exchange then here are a few details you should know and make a decision accordingly.
KuCoin Review – What to Know of its Launch
KuCoin is known as one of the oldest crypto exchanges in the world, as it was established in 2017. It is also one of the most versatile exchanges in the industry and has grown to be recognized as “The People’s Exchange”.
This platform has grown significantly with time and has even become a top option for many crypto traders and investors. The vast collection of cryptocurrencies and crypto services is what makes it prominent among the crypto traders from all over the globe.
However, there is a lot more to know about the platform that make it an innovative and standout exchange in the crypto space. Further details on why it is a good exchange are mentioned below.
What to Know of its Fee Structure?
The first and foremost aspect discussed in this KuCoin review is the fee structure of the platform. As a crypto trader or investor, you should never opt for a platform without thoroughly going through its details first. This includes knowing about the fee structure because some platforms charge an unusually high fee and also include hidden and additional charges.
The KuCoin exchange, on the other hand, aims to ensure that the users have a good and secure experience, which is why the fee transparent is not only one of the lowest in the industry but highly transparent as well.
While using KuCoin, you do not have to worry about paying more than is needed. Details of the fee charged by the platform are as follows:
- Trading fee for market makers: 0.09% to 0.03%
- Trading fee for market takers: 0.1% to 0.07%
- No deposit fee needed
- Withdrawal fee: 0.0005 BTC
Is This a Secure Exchange?
Another major aspect discussed in this KuCoin exchange review is the safety and security it offers to the users. There are not many platforms in the industry that prioritize the security of the users. However, choosing a platform that offers utmost security to the users can increase the chances of having a safer trading experience as the potential risks you might come across are mitigated significantly.
Therefore, if you want to inquire, “is KuCoin safe?” you should know that it uses high-end blockchain technologies and sophisticated security protocols. These technologies ensure that the funds and accounts of the users are kept safe from any kind of cyber-attack or failure.
The security systems include the following:
- Two-factor authentication (2FA) system
- Advanced web security
- Know your customer (KYC) verification
- Offline crypto wallets
Wide Range of Digital Assets Available
While looking through this KuCoin review, another important aspect that you can learn about is the availability of a wide variety of cryptocurrencies for the users. The more options a platform has, the higher its demand in the crypto space. This is because, a platform that has a wider collection of digital currencies makes diversification of the trading portfolio easier and enables people to invest in all kinds of coins, including the ones with smaller market caps.
The users of the KuCoin exchange can have access to more than 400 markets and can purchase, trade or hodle more than 200 crypto assets.
Instant Exchange Tool
One of several distinctive aspects mentioned in this KuCoin review is the availability of the Instant Exchange Tool.
This tool is like no other and is one of the most useful things for new traders and investors. The Instant Exchange Tool basically makes it easier to convert the crypto balance they currently have from one crypto to another.
This is a useful tool for the new traders and investors because they can easily get exposure to different kinds of cryptocurrencies without necessarily stepping into the crypto space to trade them.
Trading Bot Available
Another unique aspect of the KuCoin exchange is the trading bot, which is free-to-use and is not supported by many crypto exchanges.
The trading bot can be quite helpful for the new traders as you can instruct the bot regarding the kind of trades you want to place. The trading bot will automatically execute the trades. You can also copy the configuration of another trading bot that has a successful track record, to increase the chances of the best outcome.