KuCoin Review – An In-depth Look into The People’s Exchange
As a crypto enthusiast, you should look at this brief yet informative KuCoin review. This crypto exchange is called “The People’s Exchange” and is one of the oldest and versatile platforms in the industry.
It was established in 2017 and has now become one of the most trustworthy exchanges. This platform has evolved significantly over the years and offers numerous kinds of services to all kinds of traders.
There are various services and digital currencies supported by the exchange and the list keeps growing. This makes KuCoin one of the biggest platforms available for traders.
However, if you are interested in using the KuCoin exchange then you need to know some of its most prominent attributes and how closely it matches your criteria and requirements.
Here is an in-depth look into what KuCoin offers.
KuCoin Review – Safety Comes First
The level of safety offered by an exchange is one of the first aspects that needs to be thoroughly explored by the users. Even though there is no shortage of crypto exchanges, none of them are 100% risk-free. However, choosing a platform that takes the security of the users seriously can make quite the difference.
A platform that keeps your funds and information safe from any kind of cyber threat or failure can make the overall experience of buying or trading crypto stress-free.
Therefore, if one of your concerns is, ‘is KuCoin safe?’ then you should know that it is one of the top platforms that prioritizes the security of the users above all else.
This exchange is one of the safest, thanks to the implementation of leading-edge security protocols such as:
- Advanced web security against DDoS attacks and more
- Know your Customer (KYC) verification
- Offline crypto wallets
- Two-factor authentication (2FA)
Margin and Futures Trading Supported
This KuCoin review will shed light on all major features of the exchange that can help people determine whether it is a suitable crypto platform for them to use or not.
This is important because if you are interested in different trading strategies such as margin and futures trading then you should opt for a platform that supports them. On the bright side, the KuCoin exchange supports both.
Margin trading was added to the platform in 2019. This exchange offers one of the highest leverages in the market, which is up to 100x.
At the time of writing, this exchange allows traders to trade 15 cryptocurrencies with up to 100x leverage. You can only trade crypto-to-crypto and can also get access to USDT stablecoins.
Multitude of Digital Assets
The availability of a variety of cryptocurrencies is one of the deciding factors for many crypto enthusiasts. Having the option to choose a crypto asset from a big collection can help them to choose assets of both low and high market cap.
The benefit of using this platform, as mentioned in this brief KuCoin review, is that it gives you the option to choose an asset from a collection of more than 200 digital assets. As a user of the exchange, you can buy, sell and even trade any of the available cryptocurrencies.
KuCoin offers access to 400+ markets to all its users, which is not available on every platform and makes it possible to great a diverse portfolio.
One of several unique aspects includes the availability of a trading bot. This trading bot is free-to-use and can make trading quite easier for the newbies.
You can instruct the trading bot regarding the kind of trade you want to place and specify other details. Following the instructions, the trading bot will automatically place the trades.
Another option can be to copy the configuration of another trading bot that has a better and more successful trading experience. In this way, your bot will be able to execute good trades even if you have little or no knowledge about the market.
Instant Exchange Tool
Another distinctive aspect mentioned in this brief KuCoin review is the Instant Exchange Tool. This tool is quite helpful for people who are new to the crypto space and do not have a lot of exposure with the market and how to hodle them without trading them.
The Instant Exchange Tool helps the crypto owners to easily convert whatever cryptocurrencies they have into any of the currencies that are supported by the platform.
Fee Structure of KuCoin
The KuCoin exchange is an outstanding platform in terms of its features, security, trading options and more. Another category in which the platform stands out is the fee structure. Unlike many other crypto exchanges, this platform charges a fair and transparent fee, details of which are below.
- No fee for deposits
- 0005 BTC withdrawal fee
- 1% fee per trade
The best way to make an informed decision that works out in your favor is to opt for a platform that is secure and suits your needs the most. This is why, taking a look at this KuCoin review can be quite beneficial for you as it can give you a good idea of what KuCoin offers.