Over the last two years, there have been many cryptocurrency exchanges that have come to the forefront. However, when you go back a couple of years, there was only one change – Mt. Gox. Things had been different.
One such distinctive trade is KuCoin. I’ve used this alternate a number of instances and have discovered it moderately straightforward to use with lots of cryptocurrencies to buy/sell here.
In this article, I want to share some of the key facets of my evaluation after utilizing the KuCoin exchange.
KuCoin is a world-class blockchain asset exchange that prides itself as “The Individuals’s Exchange” and has risen to the crypto house in 2017.
KuCoin additionally has a native cryptocurrency called as KuCoin for its change users. Holders of this token get access to unique options that we’ll discuss additional in this article.
Moreover, it’s a crypto-to-crypto trade which means you won’t find fiat pairs like USD/EUR here. You’ll be able to, however, depend on USDT-like stablecoin for saving your self from volatility.
For quite some time, it was also amongst the busiest exchanges in the world that was pulling the most crypto trading volume (in high 10).
It additionally has real-time order books and programmes for institutional traders which we are going to discuss later in this article.
KuCoin has more than 398 markets live as per CoinMarketCap which means you have got 398+ cryptocurrencies/pairs trading on it.
Amongst which, you will see well-liked cryptocurrencies like BTC, BCH, LTC, ETH, and LTC, and quite a few other ERC20 tokens reminiscent of OMG, DADI, KCS, etc.
KuCoin doesn’t support fiat currencies as of now, however yow will discover many pairs of USDT currency.
3. Charge Schedule Of KuCoin
The real enjoyable is here.
KuCoin has a easy trading payment structure of 0.1% and doesn’t follow the taker/maker model. However one may even customise this trading fee and get a reduction of as much as 30% on 0.1% trading fee.
The important things to note here is that only KCS (KuCoin Share) holders can get this discount as per the next model:
4. Supported Countries
KuCoin supports a big number of countries all over the world reminiscent of US, UK, Canada, Japan, Indian, Australia, Singapore, etc. China shouldn’t be part of their consumer base as the governmentwhich just lately banned all cryptocurrency activities of their country. Here is a graph of their person base internationally:
5. Buyer Support
Customer support of KuCoin is sort of robust. I’ve not faced any points with them thus far. Additionally, their live chat function is exclusive and in contrast to another alternate and helps in on spot resolution of minor problems.
As if all of the options above weren’t sufficient, they also have mobile apps which anybody can use with identical login credentials to trade cryptocurrencies on the go!
One requires this facility because cryptocurrencies are highly risky belongings which need fast choice making to take advantage of out of it.
On the KuCoin exchange, it’s also possible to find attention-grabbing, advanced charts for a more in-depth analysis of your trading strategy. You can find charts of various intervals where you possibly can apply different types of indicators to achieve a conclusive decision.
You can also check the market depth by trying at the purchase/promote walls.
How To Get Began on KuCoin?
It’s effortless to get started on KuCoin. You require an e-mail sign-as much as get started on it. However, come November 2018, you will want to go through a proper AML/KYC process to withdraw more than 2 BTC.
The KYC verification process consists of finishing a web-based questionnaire, submitting supporting paperwork and authorizing KuCoin to complete the verification process. The processing time for each KYC Verification can take up to 2-four weeks, relying on the total quantity of submissions. (supply-KuCoing blog)
That’s why it is adviced that you just apply for it right away. A KYC verified account can even have access to the Fiat-Crypto change companies that KuCoin plans to launch in the close to future.
Is KuCoin Trustworthy & Safe To Trade?
Given its last year’s report and my experience of utilizing it, I can say it is a superb and safe alternate to trade some thrilling cryptocurrencies that you may not find on another exchange.
Plus, another distinctive thing that this trade offers is NEO GAS for holding NEO cryptocurrency on the KuCoin exchange. NEO GAS is generated on the change and is credited to NEO holders. This performance is only available on Binance exchange now.