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Review on KuCoin Shares by Emily Harris
KuCoin is a newly-launched crypto-to-crypto exchange that allows you trade in…
KuCoin is a newly-launched crypto-to-crypto exchange that allows you trade in BTC, ETH, LTC, and many more plus its own KCS Token, which is great because you can earn some passive income with it.
There are a number of benefits of trading on KuCoin – trading volumes on most assets are good, their team is extremely responsive, it has an easy to use interface, it is low-cost trading on advanced platform, and besides, there are different promotions running that could really help to grow the platform.
Pros
- Like many other exchanges, KuCoin charges trading and withdrawal fees, while cryptocurrency deposits are free of charge. This is the approach of many other exchanges. However, the fees of KuCoin are really competitive and they charge a 0.1% fee from every trade, both from the maker and taker. On the other hand, fees on Poloniex start at 0.15% and on Bittrex at 0.25%. Besides, as I already mentioned, there are attractive discounts for those who hold KuCoin Shares. In addition, KuCoin also offers reasonable withdrawal fees. For example, Bitcoin withdrawals are charged with a fee of 0.0005 BTC, while NEO and GAS are free of charge
Cons
- KuCoin is not a regulated exchange, which is not a big surprise. However, most countries have not developed relevant legislation regarding such service providers yet so very few exchanges operate with some sort of licenses. On KuCoin`s website, there is no information about the company owning the site and the brand. The only thing that you can find on their website is a bunch of pictures of the exchange’s team members.
