Ups & Downs
- Safe And Secure
- Supports A Wide Range Of CryptoCurrencies
- Anonymous Trading
- Lower trading volume
Supported Fiat Currencies:50+
Withdrawal Fees:Depends on the currency involved
Are you interested in trading cryptocurrencies but not sure whether KuCoin is your ideal crypto exchange? Or you might have seen a specific coin listed on KuCoin, and now you want to check whether KuCoin is reliable or not. Whatever the case, we have covered everything in this KuCoin Review. So, what you are waiting for, let’s get started!
KuCoin Review – Introduction
KuCoin is a crypto exchange that lets traders buy, sell and trade different types of crypto assets. Established in 2017, KuCoin has become one of the most reliable crypto exchanges in such a short span of time. Its objective is to make it simple for people worldwide to trade crypto. The founders of KuCoin want it to be one of the largest exchanges in the world by 2022.
KuCoin has a wide range of cryptocurrencies (more than 300 trading pairs and 75 individual cryptocurrencies) for its traders to choose from. They have all the major coins available such as Bitcoin, Bitcoin, and Ethereum, as well as the less popular ones, including Lympo and VeChain. KuCoin is considered to be the best for new crypto traders who want to start their trading journey.
The best thing about KuCoin is its lower fees. Firstly, crypto deposits are free of cost; you just need to pay a fee for blockchain transactions to make the transfer. This fee will depend upon the cryptocurrency you are using. When making a trade, you only need to pay 0.1% of the amount you are buying. When withdrawing your amount, the fee will depend upon the cryptocurrency you wish to take out.
KuCoin Review – Payment Methods And Verification
KuCoin accepts five mainstream fiat currencies: CAD, USD, VND, CNY and IDR. If it’s your first time, you can begin by purchasing more popular cryptocurrencies such as Bitcoin and Ethereum. Moreover, KuCoin lets you use traditional payment methods such as debit cards and bank accounts. The biggest advantage of KuCoin is that the traders do not need to identify themselves when starting trading. Instead, they can trade anonymously.
Even better, there are no restrictions on the number of deposits and withdrawals you can make. This is a big bonus for users as other crypto exchanges usually make you upload your verification documents which can take more than two weeks to actually get verified.
KuCoin Review – Sign-Up Process
To open an account with KuCoin, you can visit their website and click on “Sign Up”, available on the top of the homepage on the right-hand side. After accepting the terms and conditions, you will be asked to enter your email address and password. Finally, your account will be opened by clicking on the link sent to your email address. At this point, you will be able to fund your account and start trading!
Who Should Choose KuCoin?
KuCoin is a very simple-to-use platform, and everything is pretty much straightforward, from depositing money to executing a trade. Additionally, the crypto exchange is the best for serious traders as it offers a wide range of features to analyze pricing trends. However, the only drawback of the KuCoin is that its average trading volume is ten million, which is much less compared to more extensive crypto exchanges. This can be a problem for traders as low trading volumes may signify that there is not enough liquidity. However, it should not be an issue if you want to trade small amounts, but for those interested in trading very large quantities, KuCoin is not the ideal crypto exchange option.
Everything related to the crypto exchange has been discussed, including KuCoin fees, user-friendliness, and payment methods. By now, you might have received a good understanding of whether KuCoin is the right option for you or not. They offer quick and easy deposits and withdrawals, making them a safe and reliable crypto exchange in the industry.