Pros
  • Supports over 600 cryptocurrencies
  • Crypto Trading Bot
  • Crypto earns
Cons
  • KYC Required

Kucoin is a worldwide cryptocurrency exchange that accepts a wide range of cryptocurrencies and digital assets. Kucoin was founded in September 2017 and has since evolved to be amongst the most popular cryptocurrency exchanges, with over 10 million registered members in 207 countries and territories.

In addition Kucoin, often known as the “People's Exchange,” is headquartered in Seychelles and does its best to create multilingual networks for its users and also provide 24/7 customer service. Moreover, Kucoin has built 22 local communities across Europe, Southeast Asia, North America, and other countries, allowing users to get highly personalized services.

The exchange has supported more than 630 projects with over 1,100 trade pairs, making it the hub of crypto gems. For example, Kucoin has the primary listing for a variety of projects, including BLOK, KMA, DAO, CHMB, and VR.

Kucoin Products & Services 

Kucoin offers a huge variety of products and services, from lending crypto coins to trading crypto-assets and other derivatives.

Buy cryptocurrency

Kucoin allows you to buy cryptocurrency using your preferred payment method and local cash. For example,  Purchasing cryptocurrency with a debit card, credit card, or even you can use wire transfer to buy crypto.

Cryptocurrency trading

Let's take a look at the exchange's several outstanding solutions, which are appropriate for both newbies and advanced crypto traders.

Spot Trading

This is a good place to start for new or advanced crypto traders or holders who want to trade crypto with a ratio of 1:1 and no leverage.

Margin Trading 

Kucoin allows you to trade with a higher level of risk by allowing you to employ leverage of up to ten times. To put it another way, if you have a crypto worth $1,000, you can trade with a 10-fold exposure, bringing your trade size to $10,000.

Bot trading

You can use the Kucoin crypto trading bots solution to automate their trading instead of manually trading or based on sentiment. you can set rules to increase the trades and opportunities.

you can also choose from a number of pre-defined bot trading strategies or develop your own.

Kucoin Earn

Without taking any active risk, this is perhaps the best approach to expand your crypto holdings.

You can trade the native tokens you are keeping in your wallet by allocating or staking your crypto holdings.

Pool-X

Pool-X is actually a proof-of-stake mining pool that enables users to make income by mining Proof-of-Stake cryptocurrencies such as TOMO, ATOM, XTZ, IOST, TRX, ZRX, and KCS (Kucoin Shares). It is also powered by proof-of-liquidity because it is particularly created to provide liquidity for staked cryptocurrency.

Futures trading 

With this, you can use up to 100x leverage. To open a position long 0.1BTC at $45k with 10x leverage, you will need at least $450 USDT or cryptocurrency equivalent (doesn't include fees) as margins. You will get a 10%  profit of your margin if the contract price increases by 1%.

Customer service

Kucoin provides a variety of customer service options, yet, like many competitors, you cannot reach someone directly by email or phone.  However, You can interact in a live chat to receive answers to common questions or file a request for guidance to receive support with more complex issues.

If you need assistance navigating the site or using its features and functionality, Kucoin also has a support page.

Kucoin Video tutorial

Kucoin Registration Process

Apart from crypto trading, the Kucoin exchange offers a variety of services such as lending cryptocurrency spotlight IEO, lending bitcoin, and so on. If you are trading crypto for the first time, then the quickest way to get started is to open an account on this site and then begin trading.

The various components of the platform  have it  own set of actions or protocols. For example, opening an account with Kucoin is incredibly straightforward and only takes a few minutes. The steps to open a trading account on the platform are as follows: 

Sign Up

You can sign up with either an email address or a contact number.

Insert the Verification Code 

A verification code is delivered to the given email address or phone number, depending on the method selected.

Enter a Secure Password

After entering the provided code in the designated slot, the final step is to set a password to conclude the registration process. After completing the registration process, you can begin trading cryptocurrencies.

Demo Trading Account

Even the most experienced traders may find cryptocurrency trading overwhelming. But, understanding the financial market is what leads to profits. While this demands solid market knowledge related to price changes, it also needs you to imply trading strategies and have the practice to succeed.

Kucoin Fees Overview 

Kucoin does not charge any deposit fees for cryptocurrencies. Fiat currency deposits, on the other hand, are subjected to standard bank fees. This is set by the bank or other payment methods. Withdrawal fees differ depending on the coin. Tether, for example, has a withdrawal cost of 20 USDT, whereas Cardano charges 1 ADA.

Spot trading fees

When trading in the spot market (i.e. without leverage), fees vary depending on the trade size, your level (i.e. how long you've been trading, if you hold KCS coins, and whether you're a maker or taker).

In short, the fees begin at 0.1 percent and can go down to -0.005 percent.

Future trading fees

When trading in the Futures market with leverage, the costs may vary depending on the trade size, your level (how long you've been trading, whether you hold KCS coins, and whether you're a maker or taker).

In short, the fees range from 0.02 percent to -0.015 percent.

Security:

Kucoin's hot wallets were hijacked in September 2020, resulting in a loss of $281 million in cryptocurrency.   An insurance fund covered the cash, and the majority of the cryptocurrency was later recovered.

During the high market activity, the exchange usually does not experience outages, which is an advantage for active traders. Kucoin also includes industry-standard security systems to help keep your accounts safe, such as:

  • Authenticator app for two-factor authentication (2FA)
  • All consumer data is encrypted.
  •  Risk management team
  • When you log in, you will receive an email confirmation.

In addition, Kucoin provides a separate trading password than the one used to sign in to the account. It is a security feature that not all exchanges provide.

It's worth noting that, despite the fact that Kucoin has security measures, some may argue that the platform is still unsafe because it is yet unregulated. Irrespective of which exchange you use, it's always a smart idea to employ all available security features, create unique and strong passwords, and store your crypto in your hardware wallet for offline storage.

Kucoin supported fiat currency

Kucoin accepts more than 28 major currencies, allowing you to withdraw and deposit fiat currency via a variety of payment methods.

The exchange accepts more than 28 major currencies, allowing you to withdraw and deposit fiat currency via a variety of payment methods.

Supported cryptocurrency

With around 600 coins accepted by the Kucoin exchange, beginners and experienced investors alike can find almost any cryptocurrency they want to buy or sell. You can get a full list of supported cryptocurrencies on Kucoin’s site. 

Supported Languages

Kucoin supports multiple languages like Japanese, Chinese, Portuguese, English, Russian, Korean, Deutsch, French, Spanish, Bahasa, Hindu, Arabic, Thai, Turkish, and Italian.

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Conclusion

Kucoin is an innovative and aspiring competitor in the crypto market. The exchange has achieved substantial growth since its start in 2017 and now it is amongst the top industry providers in terms of safety,  quality, features, reliability, and service. As a result, the exchange is ideally suited for beginners and experienced traders looking to gain exposure to famous as well as less-known small-cap crypto assets and tokens.

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