Last Updated: November 28, 2022
Pros:
✅ Earning interest while holding in staking pools
✅ Numerous cryptocurrency options
✅ Low trading fees
✅ Simple Trading Experience:
✅ Easy Account Management
Cons:
❌Not authorized in the US
❌Negative Reviews from users
❌Not very User-friendly
Firstly, the service’s core trading engine, which can handle millions of simultaneous transactions, enables you to buy and sell utilizing the platform. The white-label cryptocurrency exchange lets you trade the most well-known coins and frequently adds new and upcoming coins so you may build a broad portfolio of cryptocurrencies.
Secondly, the exchange offers daily incentives for you to hold its own native cryptocurrency, called KuCoin Shares (KCS). Compared to other currencies, it has cheaper trading and withdrawal costs, and KCS owners instantly qualify for special rewards and promotions.
Thirdly, there is a high liquidity rate on a well-funded market that enables quicker transaction processing, enabling you to execute trades with speed and ease. The active exchange gives you complete scalability because it won’t put a cap on how much trading or expansion your business can handle.
Fourthly, Kucoin takes precautions to guarantee the security of your assets. A team of security professionals is sent by the vendor to evaluate your account on a regular basis and close any security holes they find. These services safeguard your staff against online identity theft and other cybercrimes while protecting your portfolio.
Fifthly, the system can be modified to meet your demands thanks to an advanced application programming interface (API) capability. It assists you in setting up the backend code to create capabilities like specialized reporting, automated processes, and special workflows that support your company’s best practices.
One in four cryptocurrency owners worldwide uses KuCoin. Millions of users from over 200 countries use the KuCoin Global Community, which supports over 20 languages. As was already said in this piece, one of the key elements influencing the current level of popularity of the KUCOIN platform is its well-known affiliate programs and referral codes.
A distinct affiliate referral number is provided to you when you create an account. Using this code, you can receive a 20% discount on all fees for a lifetime Click Here. Once you have this code, you can create a referral link and share it with friends and others. A 20% bonus on all costs will also be given to them.
Your friends who sign up for KUCOIN accounts using the link Here are likewise rewarded.
If they use your crypto coupons link or KUCOIN suggest code, they will also be qualified for a referral bonus.
After clicking on our link, Here. There is nothing further you need to do because your browser’s ‘Referral Code’ field will already be filled in. Complete the remaining registration requirements.
Before moving on, be sure you have read and comprehended all T&Cs. It’s wise to start investing before you start trading with them.
KuCoin Pros
KuCoin users have the option of earning interest on their cryptocurrency by staking particular assets or by lending them to others and charging interest. You can increase the size of your portfolio by earning incentives on your cryptocurrency.
Unlike some exchanges, KuCoin offers over 600 coins that can be traded. Cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), Polkadot (DOT), Shiba Inu (SHIB), and XRP are currently available on KuCoin.
KuCoin has relatively low trading fees when compared to other significant exchanges. Depending on your tier level, KuCoin offers a tiered maker/taker fee model with trading costs ranging from 0.0125% to 0.1%. In comparison to rivals, which may charge up to 0.50% for every trade, its fees are relatively inexpensive. In accordance with their KuCoin Token (KCS) balance, users can also receive trading fee savings.KuCoin charges withdrawal fees in addition to trading fees, and these fees vary by asset and are subject to change based on market performance. On this exchange, deposits are free, however, it’s crucial to remember that there are currently only a few possibilities for fiat deposits.
Users of KuCoin can log onto their accounts via a mobile app for iOS or an internet site. There are numerous features and tools available on both its desktop website and mobile apps. Users can click to view markets, buy cryptocurrency, trade, lend cryptocurrency, and more after logging in on a desktop or mobile device. The four order types supported by the platform are market, limit, stop-limit, and stop-market. Additionally available are margin, futures, and P2P trading, which can be advantageous to some customers. KuCoin additionally allows staking and recently unveiled a Trading Bot feature to aid in the simplification of the trading process; it essentially serves as a Robo-advisor for your cryptocurrency portfolio.
Users with desktop, Android, and iOS smartphones can manage their KuCoin accounts. Once you’ve enrolled, you may log into your account at any time to buy, sell, and trade cryptocurrency using its platforms, which are free to use. You can contact KuCoin via live chat or send an assistance request if you run into issues or have inquiries about your account.
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a) Not authorized in the US: Users based in the US should think about using another exchange since KuCoin does not have an authorized status here.
b) Negative Reviews from users: Negative customer evaluations are usual for cryptocurrency exchanges, but KuCoin’s user reviews are particularly bad. Reviewers mention troubles with customer service, market manipulation, and withdrawal issues.
c) Not very User-friendly: This exchange has a lot of possibilities, but neither its desktop nor its mobile platforms are very user-friendly. Nevertheless, the website does provide a respectable assistance section where visitors can obtain answers.
KuCoin provides a variety of customer service options, but, like many rivals, you can’t get in touch with somebody directly via phone or email. To seek assistance with more complex problems, customers can submit a request for support or participate in a live chat to get basic questions answered. Additionally, KuCoin provides a support page that may be helpful if you need assistance using the website’s features and functions.
Overall, KuCoin customers give it low ratings; among over 600 Trustpilot evaluations, it averages just 1.7 out of 5 stars. Numerous unfavorable reviews detail issues with customer service, the withdrawal procedure, and depositing money. Others blame KuCoin for manipulating the market and claim that their assets mysteriously vanished from their accounts, which is particularly worrisome. Despite the unfavorable reviews, some reviewers did praise KuCoin for its low costs and extensive variety of cryptocurrencies.
