What is KuCoin?
KuCoin is a cryptocurrency exchange initially from China that relocated to Hong Kong for a more favourable regulatory climate. It has a solid reputation for being user-friendly (great for beginners), trustworthy, and secure. The platform is currently ranked number 41 in the list of largest crypto exchanges by CoinMarketCap, with an adjusted 24-hour trading volume of almost $200 million.
KuCoin lists over 400 cryptocurrencies and tokens and is known for being an early adopter of new digital coins. Traders who are looking to experiment with new cryptocurrencies are likely to find this platform a useful resource.
KuCoin also has a native cryptocurrency called KuCoin Shares (KCS) which powers a loyalty scheme for end users.
AladiEx is a digital platform that provides the much-needed support Micro, Small and Medium-sized businesses need by enabling them to raise funds for their projects globally at a low cost, eliminating the business challenges. The unique blockchain ecosystem solution not only supports business financing but also helps investors worldwide to invest in potential projects easily and enables them to manage their assets with the use of advanced trading tools.
What can you expect from KuCoin?
If you are going to trade on this platform, you can expect it to be very easy. Several explanations are given, and the platform is made to be user-friendly. Also, trading on the exchange is relatively fast and you can quickly execute buy and sell orders.
Also, customer service is available 24/7 via Telegram and WeChat. So, if you have any questions, you can rest assured that you will be helped quickly.
By buying KuCoin Shares (KCS), they offer you an opportunity to generate a passive income by distributing 50% of their commissions. These commissions are paid daily and you will receive them immediately. It is possible to trade via the website, but recently there is also an app available for Android and iOS. You can download the app in the Play or App store.
Above all, the website looks professional and user-friendly. You can easily navigate to the exchange and the exchange is also easy to use. If you don’t know how something works, you can easily go to the explanation of it on the website and see how it works.
KuCoin has a huge range of cryptocurrencies and you can trade them yourself against different cryptocurrencies like BTC, ETH, NEO, USDT and KCS. The range consists of hundreds of coins and tokens and is regularly expanded. See this list for all the available coins.
KuCoin Review: Pros & Cons
Before jumping straight into conclusions, let’s take a look at KuCoin’s pros and cons:
- Very low deposit, withdrawal, and trading fees
- Very simple to use – perfect for beginners
- Good range of coins, including newly released cryptocurrencies
- Good security features
- No verification – anonymous trading
- Trading volume is low – sometimes issues with liquidity on smaller coins
- Some difficulties during high-traffic periods