Kucoin is one of those crypto trading platforms that got introduced in the market recently. Leaving a minor doubt in the mind of new investors that is it worth using or not. Because there are tons of popular exchanges like Binance with a massive user base worldwide. So it's obvious that people need a good reason to choose Kucoin over the alternatives that are already available. So we have collected the pros and cons along with the necessary information. In case you are trying to find the best crypto trading platform then our detailed Kucoin review will help you to decide whether you should choose it or not.
What is Kucoin Exchange?
Kucoin is one of the well-known cryptocurrency exchanges in the market at the moment. Entering the market in middle 2017 Kucoin is growing steadily as a global brand now. With an objective to create a simple yet effective crypto trading service, the development team was made of businessmen with prior experience in the industry. In spite of being one of the new runner-ups in the market, Kucoin has gained a lot of attention. Resulting in a huge user base around the globe. You can find almost everything that you would expect from a top-class cryptocurrency exchange at the current date. With KCS as their native coin, Kucoin is a platform that pays attention to security factors. Hence, providing bank-level security to the users, there is not a single incident of hacking or theft since the launch of the platform. Executing transactions worth more than a billion dollars, Kucoin is a popular centralized exchange with high liquidity.
What Kucoin offers to its users?
Kucoin offers a wide range of features and services to its users. Whether it's multiple payment options or robust security measures, you will get almost every required service with additional features on this platform. Let's take a look at what Kucoin actually offers to its users.
A Wide Community
Kucoin is a platform with a huge user base. People from all around the world are using this amazing platform to buy, sell, and trade cryptocurrency easily. Whereas, according to Kucoin 1 in 4 crypto holders is using the service. So you are more likely to meet new traders who may even talk in the same language as yours! You can explore the Kucoin community and ask for any help anytime you want.
Competitive fee structure
How much we will earn from crypto also depends on the fee structure. Because there are numerous crypto trading services in the market. Who will charge you a high transaction fee, resulting in less profit from the trades you made. Thankfully Kucoin provides one of the lowest trading fees in the industry. And by low, we mean 0.1% only! whenever you buy a cryptocurrency from Kucoin, the platform will charge you only 0.1% per trade.
Bank-level security standards
Cryptocurrency trading is a highly volatile market. With few incidents in the past, there are many people who are afraid to invest their money and keep it safe using online wallets. Which is completely obvious. Kucoin is aware of the security threats tailored to this industry. So it provides bank-level security with extra layers of encryption and dedicated security checks regularly. In order to keep the data and funds secure from external elements.
Margin and Future trading features
There are many platforms launching in the market, but don't pay much attention to features like Margin and Future trading. As a result, people who are associated with Margin and Future trading are forced to find better alternatives. However, Margin & Future trading isn't a problem with Kucoin. As it aims to provide the best possible service to its customers. In addition, you can lower your trading fees even more if you go with Future trading.
Kucoin Exchange Pros
- High security for assets
- Stake & earn is available
- Very affordable fee structure
- Offers anonymous trading to users
- Provides you a wide range of cryptocurrencies
- Robust customer service available for 24/7 support
Kucoin Exchange Cons
- No fiat pair or bank deposit support
- Can be a little difficult for new traders to use
- The platform is not licensed inside the U.S
Conclusion
No doubt the platform will feel new to those people who are not familiar with it. However, Kucoin is one of the top competitors right now, providing its seamless services, higher security, better liquidity, and outstanding security. In conclusion, Kucoin is a platform that is growing significantly. Whether you are a new or an experienced trader, Kucoin has everything you need for making money from the crypto industry. Do share this quick review with others and feel free to mention any questions you have in the comments section below.
