Review on KuCoin by Stephen Toluwani
KuCoin Exchange has the Best User Interface
My first interaction with KuCoin Exchange was when I wanted to withdraw my Rev token from Revain. My first expression on seeing the User Interface was "Wow". So far, KuCoin has the best UI I have seen so far
They don't just stop there, the exchange provides a great Chart of currency movements that's suites the trader's style. I personally recommend this exchange to traders and Hodlers alike as the platform permits staking of some coins with competitive returns
The minimum withdrawal amounts is in one way okay for some coins and in others, not good at all. Also the withdrawal fees for most coins are relatively high. The exchange takes fees from both Market makers and takers which I find not
The frequent promotion found in KuCoin Exchange are also great and with the high liquidity found on the exchange for many of its coins, traders are hardly stranded in it's
Updated 3 years ago
Rating changed from 5 to 4
The KuCoin exchange still very much is appreciable for the sections it's provides that goes long beyond just trading or buying and selling. Of recent, a lot of new features were added to the exchange and included the bot trading which is my favorite part of the exchange, then came it's gaming platform where you get to use small funds and reap large harvests. The leveraged token trading and the launch of the KuCoin Community Chain.
KuCoin has really kept to its part of being the people's exchange, offering them services which have been collated in responses from them through forms in order to find what's best and what's needed of the exchange by its growing number of users.
One thing this exchange has lost its grounds on is its customer service on the KuCoin exchange itself. A lot of people have been giving complaints of how unreliable the exchange is on that aspect of its services making us loose trust in them daily. There seems to be a shortage of staffs meant to handle the exchange from its customer support team to its technical team as it usually takes a lot longer to implement fixes to the exchange. The portion of the exchange meant to look after user verification also takes time. When I finally obliged to doing my KYC, it took me as long as two weeks for it to get accepted. KuCoin is heavily understaffed.
A lot has been developed by KuCoin for it's users but if they keep on lacking in the area of customer support, they might begin to loose users
Though the recent developments on KuCoin covers up for most of its deficiency, such as the revamping of their P2P market, especially for the Nigerian Community. There has also been a lot of traction in the work and progress of the exchange bot trading section with 3 different bots released and one still in the mainstream of collection. The exchange is well reserved in keeping up to the main trends in the market, leading to a huge collection of Altcoins to trade with which are referred to as Gems as they are well sorted before getting listed. Tokens which can be traded on KuCoin are said to have been well looked into but though some gets delisted along the way, we understand that the exchange is not all perfect in it's market research.
Nothing much more than this has happened on KuCoin, though with their speed of development, consistent surveys and local Ambassadors, much can be expected of the exchange as they are not slowing down in building.
Pros
- The first thing I noticed on the mobile app was it's very appealing User Interface which is at the same time easy to comprehend
- The platform offers high liquidity for most of its pairs as Traders converge on the platform
- KuCoin Exchange supports quite a number of popular cyptocurrencies
- Allows the traders to trade with or without KYC thereby allowing the users to limit the amount of information they wish to share
- Offer's a great Chart view with different options which helps a trader analyse his/her next move and to suit their needs
- Offer's top notch security system for withdrawals and even to execute a trading order
- The implementation of Add-ons like price alerts which has proven useful in my trading sessions
Cons
- Relatively high withdrawal fees
- Collect makers and takers fees
