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Review on KuCoin by Abraham Kaiful

Revainrating 4 out of 5

A successful exchange of today and the future

Hello, today I want to write about Kucoin exchange. So far, I have done research on many exchanges. I quite liked some of these exchanges, but I did not like the other part at all because of some of their features. I can say that the Kucoin exchange holds the first place among the exchanges I like. This exchange, which started its operations for the first time in 2017, has been constantly improving itself for exactly 4 years in order to provide perfect service to its users. Kucoin, which has a very large number of users, is one of the most advanced exchanges of today. It is possible to come across Kucoin's name frequently on Coinmarketcap and some other statistical platforms.



One of the most important reasons why this exchange is more common among people is the transaction fees that are here. With a very low commission fee, Kucoin is the perfect platform for people who own small assets and are always looking for exchanges with lower commissions. The exchange uses some of the transaction fees it receives to develop its own coin, KCS, and even gives great privileges to KCS investors in the exchange to increase the interest in this coin. If we take a look at the statistics of this coin, we can once again understand how successful this strategy has been. KCS is a rapidly growing and developing cryptocurrency, and ranks 75th in CoinMarketCap's world rankings. I see this as a huge success and I also believe that KCS is a cryptocurrency that has the potential to become much better in the future with this pace of development.



Kucoin, which is a very ambitious exchange in terms of security, continues to make great developments in this regard. One of my favorite features of an exchange is that it has security measures like 2FA. Considering its millions of users like me, Kucoin has added 2FA and some other forms of verification to the exchange. I also saw the trade password, which is one of the features I have not seen in any exchange, on this exchange. In other words, users can be comfortable even if their phones are seized, because a trading password is required by Kucoin from users, and without this password, users' assets can neither be withdrawn from the exchange, nor can they be traded. That's why I recommend every user who attaches great importance to security to use Kucoin.



The only minus feature I saw in Kucoin was the attention to the support team. I've asked some questions to the support team several times, but my questions were answered quite late. I hope that Kucoin, one of the world crypto exchange giants, will be able to deal with such small problems as soon as possible. Because some users are also uncomfortable with this situation like me. To give a general opinion, I like Kucoin very much and I am sure that I will make many transactions on this exchange. That's all for my review, thanks for reading.

Pros
  • The commission fees are quite low, which increases the interest of many people in this exchange
  • Some of the commissions received by the exchange are used to develop Kucoin's own token, KCS.
  • Security is pretty high, which is good news for people like me who are looking for a safer exchange.
Cons
  • The only minus I have come across is the late response of the feature support team.

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