KuCoin is one of the most popular crypto trading platforms and this KuCoin review gives a good insight into what the platform has to offer. This platform is one of the top platforms in the market that is a go-to trading platform for a large audience.
It is also known to offer some of the most impressive features to the users that set it apart from other exchanges in the market. However, if you are new to the crypto space and want to opt for a good trading platform then choosing one merely because of its popularity may not be sufficient.
As a new crypto trader, you need to be careful while choosing a platform because the kind of platform you choose can make quite the difference in the kind of trading experience you have as a novice trader.
Therefore, if you are considering the KuCoin exchange then you should know more details of the platform such as “is KuCoin safe and suitable?” so you can have a hassle-free experience of trading crypto.
KuCoin Review – Brief Overview of the Exchange
The KuCoin exchange is one of the most popular platforms and is known as “The People’s Exchange”. This is because of the high-end features and services it offers to the users and specifically crypto traders.
This is one of the most versatile platforms and is also one of the oldest ones. It was established in 2017 and has seen substantial growth and success over time. It has greatly evolved and now offers some of the high-end features and services to the users. This offers several services to the users and a multitude of digital currencies.
It is also one of the most innovative platforms in the market. Therefore, if you are interested in using the exchange you should know the top reasons why you should choose this exchange to trade crypto assets.
Buying and Exchanging Fiat to Crypto Assets
There are several outstanding aspects of the exchange that are mentioned in this KuCoin review. One of the unique features is the possibility to buy and exchange fiat currencies to crypto assets.
This exchange offers a peer-to-peer market space where the cryptocurrencies can be converted.
Some of the fiat assets supported by the KuCoin exchange include the following:
Various Crypto Trading Strategies Supported
Another major aspect you need to know before you start using the exchange is that it offers support to more than one type of crypto trading. This is one of the reasons why it is widely opted for by a vast audience interested in trading crypto.
Two of the most popular types of trading are also supported by the exchange, which are:
- Futures Trading
- Margin Trading
If you are interested in either of the two you can opt for the KuCoin exchange.
Instant Exchange Possible
If you are looking to hodl the crypto you own then KuCoin can be a suitable exchange for you to choose. This is made possible by the Instant Exchange Tool feature supported by the crypto exchange. With the help of this feature or tool, you can convert your crypto balance from one currency to another without any hassle, delays or inconveniences.
Yet another unique and outstanding feature of the crypto exchange is crypto lending. This feature is not supported by every platform available in the market. Therefore, if you want to opt for lending then this can be a good exchange for you.
Crypto lending refers to a process where you can lend your crypto to different borrowers and get rewards. The daily interest rate on average you will get is 0.124%.
Safety and Security Offered
Knowing is KuCoin safe or not is one of the most crucial aspects to consider. Choosing a secure exchange can make quite the difference in the kind of user experience you have. Since the crypto space is volatile, it also poses some security risks that the novice parties can avoid if they opt for an exchange that takes their security seriously.
Therefore, this KuCoin review specifies the fact that it is a secure exchange and makes use of some of the best and advanced security protocols to keep the funds, accounts and information of the users safe and secure.
Here are some of the security features used by the exchange.
- Two-factor authentications (2FA)
- Offline crypto wallets
- KYC (know your customer) verification for higher withdrawal limit
- Leading-edge web security
One of the most impressive and unique features supported by the exchange and mentioned in this KuCoin review is the availability of a trading bot. This tool is free-to-use and makes crypto trading easier for novice parties. As a new trader you can instruct the bot regarding the type of trades you want to make and they will be executed automatically.
You can also copy the configuration of other trading bots that are more successful for an even better experience of trading crypto with the bot.