KuCoin Assessment: Everything You Need To Know
One such distinctive alternate is KuCoin. I've used this exchange a number of occasions and have found it moderately easy to make use of with a variety of cryptocurrencies to buy/promote here.
In this article, I want to share some of the key facets of my overview after utilizing the KuCoin exchange.
KuCoin is a world-class blockchain asset change that prides itself as "The Individuals’s Exchange" and has risen to the crypto area in 2017.
KuCoin also has a local cryptocurrency called as KuCoin for its trade users. Holders of this token get access to distinctive options that we will discuss further in this article.
Moreover, it is a crypto-to-crypto trade which means you gained’t find fiat pairs like USD/EUR here. You possibly can, nonetheless, depend on USDT-like stablecoin for saving your self from volatility.
For fairly some time, it was additionally amongst the busiest exchanges in the world that was pulling essentially the most crypto trading quantity (in prime 10).
It also has real-time order books and programmes for institutional traders which we will speak about later in this article.
KuCoin has more than 398 markets live as per CoinMarketCap which means you've got 398+ cryptocurrencies/pairs trading on it.
Amongst which, you'll find standard cryptocurrencies like BTC, BCH, LTC, ETH, and LTC, and numerous different ERC20 tokens such as OMG, DADI, KCS, etc.
KuCoin doesn’t assist fiat currencies as of now, but you could find many pairs of USDT currency.
3. Charge Schedule Of KuCoin
The real fun is here.
KuCoin has a simple trading fee structure of 0.1% and doesn’t follow the taker/maker model. But one can even customize this trading fee and get a reduction of up to 30% on 0.1% trading fee.
The vital things to note here is that only KCS (KuCoin Share) holders can get this low cost as per the following mannequin:
4. Supported International locations
KuCoin helps a big number of nations all over the world such as US, UK, Canada, Japan, Indian, Australia, Singapore, etc. China is not a part of their user base as the governmentwhich recently banned all cryptocurrency activities of their country. Here's a graph of their person base the world over:
5. Customer Help
Buyer assist of KuCoin is sort of robust. I've not confronted any issues with them thus far. Additionally, their live chat characteristic is exclusive and in contrast to some other change and helps in on spot resolution of minor problems.
As if all of the features above weren’t enough, 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 unstable belongings which need quick choice making to take advantage of out of it.
On the KuCoin exchange, it's also possible to discover attention-grabbing, advanced charts for a more in-depth analysis of your trading strategy. You will see charts of various intervals the place you may apply completely different types of indicators to succeed in a conclusive decision.
You can too check the market depth by wanting at the buy/promote walls.
How To Get Started on KuCoin?
It's effortless to get began on KuCoin. You require an e-mail sign-as much as get started on it. Nevertheless, come November 2018, you will have to undergo a correct AML/KYC process to withdraw more than 2 BTC.
The KYC verification process consists of completing an online questionnaire, submitting supporting documents and authorizing KuCoin to complete the verification process. The processing time for each KYC Verification can take up to 2-4 weeks, relying on the total volume of submissions. (source-KuCoing blog)
That’s why it is adviced that you simply apply for it right away. A KYC verified account will also have access to the Fiat-Crypto alternate providers that KuCoin plans to launch within the close to future.
Is KuCoin Trustworthy & Safe To Trade?
Given its last year’s report and my experience of using it, I can say it is a superb and safe trade to trade some exciting cryptocurrencies that you simply might not discover on any other exchange.
Plus, one other distinctive thing that this alternate 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 functionality is only available on Binance change now.