In this article, KuCoin Review, we illustrate KuCoin as a well-known exchange platform that many traders and crypto owners have trusted worldwide.
Due to the significant progress in crypto exchanges during the past years, crypto exchanges made an incredible daily revenue, over $2 Billion in 2019 for the top 5 exchanges only. If that leads to a conclusion, it’s because of the massive turnout in crypto exchanges. But why?
Crypto exchange platforms present features that traders can’t find elsewhere, like API keys, P2P trades, etc. Equally, KuCoin is one of the industry’s well-known names that proved itself as a unique one-stop shop for all kinds of crypto operations.
Table of Contents
- About KuCoin.
- Starting on KuCoin.
- KuCoin Comparison and Alternatives Options.
KuCoin is one of the fastest-growing cryptocurrency exchanges in the world. Also, KuCoin is easy to use for novice investors and in-depth enough for crypto enthusiasts. They have a wide range of altcoins on the exchange and are adding new ones regularly.
Also Read: Binance Review and Best Alternatives.
KuCoin’s growth is for a reason: the various features that KuCoin presents to its users. In the following part of our KuCoin review, we will demonstrate KuCoin’s features in detail.
One of the many keys to KuCoin’s success is that the exchange offers its traders low fees for their trades.
The Crypto deposit on KuCoin is free, excluding the blockchain transaction fee, which depends on which coin you’re using. And for trading, you pay only 0.1% of the total amount you’re buying. For instance, if you’re buying $10,000 worth of Bitcoin, you only pay a $10 fee. a Meagre fee, right?
KuCoins maintains high-security levels like micro-withdrawal wallets, industry-level multilayer encryption, dynamic multifactor authentication, and dedicated internal risk control departments. Also, they give you more safety precautions like 2FA and email verification.
KuCoin has added much to the APIs, as its API keys require a passphrase. Also, you must go through safety verification steps like email and 2FA verification.
Various Order Types.
KuCoin offers users a suite of order types to give traders access to the tools they need for their trades and every scenario, like Limit, Stop, Post Only, and more. Therefore, KuCoin adjusts the climate to make your trades as profitable as possible.
KuCoin has developed a simple and interactive mobile app that enables you to access almost all of KuCoin’s website features. Also, it has trading bots that you can copy and apply to your portfolio.
Even though traders always love market prices, they might miss changes due to different life activities. But, on KuCoin, you can set up SMS push notifications to stay up-to-date and get access to accurate market data.
Trading and Normal Accounts.
After transferring your assets to KuCoin, you can keep them on the trading part of KuCoin or the standard part. Also, you can seamlessly transfer holdings between accounts.
KuCoin widely supports major and minor coins and tokens you can trade with. Also, KuCoin is constantly adding new coins to the platform.
Is KuCoin Safe?
Yes, KuCoin has implemented many security features into its system to keep your assets safe and protected against cyber-attacks growing lately against crypto exchange platforms.
Also, you can add more layers to your account security by enabling Google two-factor authentication, mobile verification, and email verification.
Is KuCoin Easy to Use?
KuCoin has a simple depositing or withdrawing system, which adds to the platform’s ease of use and simplicity. Furthermore, the trading terminal is like any other trading terminal you’ve seen before, where you can easily place orders, choose trading pairs, etc.
How Much Is KuCoin Fees?
KuCoin has managed to keep its fees very low compared to other exchange fees. As we mentioned before, KuCoin fees are 0.1% of the total amount of your trades.
Starting on KuCoin.
In the following part of our KuCoin review, we explain how you can start your account on KuCoin, verify it, and generate an API key.
Create Your Account.
Firstly, visit KuCoin’s sign-up. After that, enter your email and click ‘Send Code,’ and KuCoin’s team will send you an email with your verification code. Paste the verification code on the sign-up box and choose a login password. Remember to use a strong password that you haven’t used elsewhere.
Deposit into Your KuCoin Account.
After creating your account, you can deposit crypto directly into your KuCoin account, as it can also stand up as a software wallet.
Firstly, on the top menu, click ‘Deposit,’ then choose the coin you will deposit. Next, KuCoin will display a wallet’s address to which you can send assets.
Create An API key.
Automated trading platforms widely use API keys and have many other applications. To create your first API key on KuCoin, verify your phone number and enable 2FA first.
Hover over your account name next to ‘Assets,’ then click ‘API management. Click on Create API, and KuCoin will take you through creating your API.
Trade on KuCoin.
To start trading on KuCoin, hover over’ Trade’ on the top menu on KuCoin’s main page and then click on ‘Spot trading.’
You’ll see KuCoin’s trading terminal, where you can change pairs and place orders using its various order types.
KuCoin is an ambitious and fast-growth exchange since its inception. It has many advantages that attract traders, such as quality, reliability, service quality, etc. However, there are also some cons—more in KuCoin pros and cons.
- Low trading and withdrawal fees
- User-friendly exchange
- 24/7 customer support
- No bank deposits
- It may look complicated at first.
KuCoin Comparison and Alternatives Options.
There are many exchanges that you can choose between if you don’t like KuCoin. Here are the best alternatives for KuCoin.
SimpleSwap is an instant cryptocurrency exchange. The service is free from sign-up and has a user-friendly interface that provides an easy exchange process. SimpleSwap offers more than 300 cryptocurrencies to swap and two exchange types: floating and fixed rate.
Ultimately, we’d love to hear from you in the comments below. So sell us. What are your thoughts on this KuCoin review? And are you planning to use KuCoin soon?