KuCoin Review

KuCoin Review:

In this KuCoin Review, we will be looking into all of KuCoin's features and why this is one of the best cryptocurrency exchanges in the world.

KuCoin Review

KuCoin: Background

KuCoin aims at providing users digital asset transactions and exchange services that are very safe and convenient. This is achieved by integrating premium assets worldwide and constructing a state-of-the-art transaction platform. KuCoin is a full-featured spot trading platform for many digital assets and cryptocurrencies, including Bitcoin, Ethereum, NEO, EOS, USDT, KCS, and many more.

KuCoin offers real-time inter-platform exchange services of high accessibility, providing convenience for users to trade, deposit, and withdraw through KuCoin App or official KuCoin website.

KuCoin aims to protect users' privacy and assets from infringement. The security team has been constantly improving related mechanisms and conducting periodic reviews to protect users' privacy and assets.

The KuCoin support team is available 24 hours a day to assist you with any issues or questions you may have.

KuCoin has very low withdrawal fees, which makes it more affordable and convenient to withdraw your balance!

KuCoin Review: Features

Easy-to-Use Platform

KuCoin offers real-time inter-platform exchange services of high accessibility, providing convenience for users to trade, deposit, and withdraw through the KuCoin App or the official KuCoin website.

Safe & Secure Trades

KuCoin aims to protect users' privacy and assets from infringement. The security team has been constantly improving related mechanisms and conducting periodic reviews to protect users' privacy and assets.

24/7/365 Customer Support

KuCoin's support team is available 24 hours a day to assist you with any issues or questions you may have.

Low Transaction Fees & Fast Withdrawal

KuCoin has very low withdrawal fees, which makes it more affordable and convenient to withdraw your balance.

KuCoin Review: KuCoin Shares (KCS)

KCS is the native token of KuCoin, which was launched back in 2017 as a utility token that allows traders to share the growth benefit of the exchange. It is currently issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.

The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. KCS currently has a total supply of 169,843,459 and the circulating supply is 79,843,459. The total market cap of KCS is $438,728,748, ranking it in the top 100 on CoinMarketCap.

KuCoin is a global crypto exchange that currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 6 million users in 207 countries and regions around the world. KuCoin ranks 8th on CoinMarketCap and 10th on CoinGecko. As the core of the KuCoin ecosystem, KCS, will be the underlying fuel and native token of the KuCoin decentralized products, which will benefit the KCS holders and ecosystem builders.

Why should you hold KCS?

  • Incentives bonus: KCS holders receive daily cryptocurrency dividends
  • KuCoin Shares (KCS) are the native currency of the KuCoin exchange platform that allows holders to profit from the success of the exchange.
  • A trading discount for KCS holders and low withdrawal fees
  • KCS holders will automatically be qualified for KuCoin exclusive promotions, offers and rewards.

KuCoin Review: KuMEX (KuCoin Futures)

KuMEX (KuCoin Futures) is a financial derivatives trading platform developed by the KuCoin team, it is an easy, safe, transparent, and user-friendly Bitcoin trading platform.

KuMEX supports leverage up to 100x with a smart algorithm for index calculation, it currently supports 14 different languages and customers are based in over 207 countries and regions

KuMEX supports Level 3 market data feed, which only Coinbase Pro, KuCoin, and KuMEX have. Though it is widely adopted by traditional financial exchanges including NASDAQ and CME, Level 3 data requires advanced architecture and technology.
KuMEX supports portfolio margin mode, which is a common form of margin requirement structure in traditional financial exchanges and requires a high level of technology and financial professionals.
KuMEX supports multi-currency contracts, including pairs like using BTC to trade ETH/USD (Bitcoin Quanto), USDT to trade EOS/USDT (Linear Contract), and using TRX to trade BTC/USD (Altcoin Quanto).
User trading experience is the team's highest priority, and they've been committed to becoming an open and transparent financial service platform since its inception.
The team has insisted on taking the technology as KuMEX's backbone and growing together with the users to deliver them excellent trading experiences, upholding to the principle of openness and transparency. To build a better trader relationship and constantly push the sustainable development of the digital currency trading ecosystem is the team's lifelong pursuit.

 

KuCoin Review: Fees

At KuCoin Spot/Margin trade market, there are several aspects that have an effect on your trading fee level.

1. Trading Fee Level: After logging in, You can click the Fee button via KuCoin's official website to check your trading fee level and current fee. The higher your trading fee level is, the lower your trading fee is, even a negative fee rate is possible.

2. Maker/Taker: Being a Maker/Taker would also affect your trading fee rate.

2.1 Taker: In a Market/Hidden/Iceberg Order, you will be charged a taker fee as a taker.

2.2 Maker: In a Limit Order(With Post Only function enabled), you will be charged a maker fee as a maker.

3. KCS pay fees: Your trading fee rate can also be affected if you enable the KCS pay fees function.

Trading fee token: KuCoin deducts the token after a slash of a trading pair as the fee token. For example, users will pay USDT/KCS as the trading fee token for BTC/USDT, LTC/KCS. It's worth noting that in certain trading, the same coin will be charged as the fee, and the actual trade quantity may be different from the quantity that arrives in the account because a certain part is deducted as the fee.

KuCoin: Pros & Cons

KuCoin: Pros

  • A large list of supported cryptocurrencies
  • Advanced features
  • Helpful and responsive customer support
  • Low trading fees
  • Safe and secure
  • Good liquidity

KuCoin: Cons

  • Not regulated
  • Bank transfers aren't accepted
  • Fiat currencies are not supported
  • Live chat responsiveness needs to be improved

KuCoin: Verdict

KuCoin is one of the best cryptocurrencies in the world, it offers a lot of trading pairs and you can save on trading fees and earn passive income by holding KCS.

The trading fees are fairly low, and customer support is very helpful, the live chat usually has a long waiting time and we hope to see this improve in the future, the fact that KuCoin constantly runs a lot of promotions is also a great feature.

KuCoin has recently launched the KuCoin Futures platform (KuMEX) which boasts a lot of advantages over some of its competition, it supports 100x leverage, Level 3 market data feed, portfolio margin mode, and multi-currency contracts.

On the downside, KuCoin is not regulated, it doesn't accept bank transfers, and fiat currencies are not supported.

If you would like to get 20% OFF trading fees on KuCoin, follow the link below!

  • OVERALL SCORE

    0%
KuCoin Review 2

Subscribe to our Free Newsletter

Something went wrong. Please check your entries and try again.

Subscribe

Get it before they do!
Something went wrong. Please check your entries and try again.

About RushRadar

RushRadar is a digital platform publishing articles, reviews, and discounts on Cybersecurity, eLearning, Content Creation, Web Design, and Investing.

Leave a Comment