Today’s crypto space features a range of different cryptocurrencies and trading platforms. KuCoin is a cryptocurrency exchange based in Hong Kong with a great reputation for being beginner-friendly, trustworthy, and secure. The trading platform ranks number 41 among the largest crypto exchanges by CoinMarketCap. The KuCoin platform is particularly useful for traders interested in experimenting with new cryptocurrencies.
Low fees and incentives.
KuCoin fees are incredibly low. The platform doesn’t charge deposit fees, the trading fee is 0.1 percent, and the withdrawal fees vary by cryptocurrencies such as BTC, ETH, USDT, and NEO. KuCoin Exchange offers a series of incentives to encourage KuCoin users to purchase and use its native cryptocurrency, KuCoin Shares. Dividends are paid daily, and users enjoy discounts on withdrawal and trading fees. Existing account holders can earn incentives for bringing new users to the platform. Traders who bring new users also earn a portion of the trading fees collected from the new users.
No fiat currency.
One drawback is that the KuCoin Exchange doesn’t work with fiat currency. This means traders need to use a different exchange service to get Bitcoin or Ethereum before trading on KuCoin. Most crypto can be purchased with BTC or ETH only. Certain cryptocurrencies can be purchased with NEO, USDT, or KCS. Like most crypto exchanges, KuCoin allows traders to easily track their assets and manage their funds through a centralized interface.
KuCoin is a fairly new crypto exchange platform that has risen to popularity thanks to an intuitive design and bank-level asset security. It features a large number of different trading pairs meaning traders can purchase a variety of different coins. KuCoin has offices in Hong Kong and Seychelles and has a stellar reputation as a top cryptocurrency exchange in the trading community.
Before getting into the crypto market, it’s a good idea to perform due diligence. CryptoVantage provides an in-depth Kucoin review that includes the fee structure, sign-up process, security, KuCoin Shares, incentives, and the referral program. The native cryptocurrency, KCS, offers KuCoin users plenty of rewards and incentives. Holding a minimum of six KCS earns users dividends paid on a daily basis from the site’s earned trading fees. Users also enjoy discounted trading fees and access to additional trading pairs.
All that’s needed to sign-up for a new KuCoin account is an email address or a phone number that can receive a verification code. Two-factor authentication allows for an instant exchange, making the trading platform one of the safest cryptocurrency exchanges.
Key KuCoin Features
Not only does the KuCoin website feature low fees, but it also boasts a blend of features that differentiate the platform from competitors. The KuCoin platform has a powerful API interface that’s divided into REST APIs and WebSocket feeds. Traders enjoy 24/7 customer support services via email, hotline, and directly on the KuCoin website. The platform is always adding new and different cryptocurrencies and can support an infinite number of trading pairs.
The crypto exchange implements a series of security levels to protect KuCoin accounts and digital assets. The platform uses two-factor authentication verification, industry-level multilayer encryption, and stores micro-wallets in the cloud. The KuCoin team is a group of blockchain enthusiasts with professional backgrounds in the crypto industry.
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Cryptocurrency is both a financial instrument and a technology. There are many benefits of utilizing the crypto space. There are no middlemen on trading platforms, making transactions easier, faster, and cheaper. Every crypto transaction is a unique crypto exchange between two parties, making it more secure against hackers and identity thieves. Blockchain technology is decentralized, meaning the network is in control, and hardcoded policies can’t be altered.