Review on KuCoin by Joseph Omomogbe

Although it has been years that I first heard of crypto currency, I never had anything to do with not until recently when I joined the Revain community platform where a reward is been awarded to users who write reviews on the various categories of companies provided through a Rev token. So I needed a crypto currency exchange platform or crypto-currency wallet I can use to receive this token, and that was how I came across Kucoin wallet.

With this little experience I have had so far about crypto currencies and crypto wallets, Kucoin stands out as one of the most easy to use, secured, advanced and reliable crypto currency exchange platform to perform buying and selling as well as withdrawal of a broad range of digital currencies.

Kucoin is an international crypto currency exchange that has been in existence for some years before it was widely known, which was aimed at providing its users with exchange services and digital assets transaction. Although many people get to know about this exchange platform when it came to light in 2017, it was originally founded in 2013 by a team of 7 (Michael Gan, Eric Don, Kent Li, Jack Zhu, John Lee, Linda Lin and Top Lan) but it was officially launched on 15th of September 2017 with its headquarters in Singapore.

Today there are many exchange platform available, but there are ample reasons why Kucoin will still be my preferred choice and I know that was the case with most people who have had the opportunity to learn how it works and its difference from other exchange platforms because it boasts of over 5 million users from 200 countries across the world.

Apart from the fact that Kucoin has a wide selection of supported assets and services, numbering over 450 crypto-currency assets trade and one of the busiest trading exchange. There are still lots of benefits of using the exchange platform. Let me take you through some of the fascinating things that make me choose Kucoin as my choice of crypto-currency exchange platform

1. Fees:- kucoin doesn’t not place any charges or fees on deposits for its users unlike other top leading exchange platform, it only charge for trading and withdrawal. The trading fees are charged at 0.1% from coin that are bought and the withdrawal are charged depending on the coin that is to be withdrawn. While some of these withdrawals are free like Neo and Gas, others are charged at a very relatively low prices. Another interesting thing about Kucoin is that 90% of these fees comes back to users (50% as Kucoin bonus and 40% as invitation bonus). The exchange platform also has its own native currency which is Kucoin Shares (KCS) token. Having this token in your account as a Kucoin user attracts an incentive bonus that amounts to half of all trading fee.

2. The security system that was put in place is another factor that makes Kucoin Stands out. For the fact that asset is involved, there must be a reasonable level of trust from users that their assets are secured and safe and this is exactly what Kucoin offers. Its security system is of the financing level standard. Its transfer encryption protocol is applied to data transfer layers which will enable the storage of user data and other sensitive data stored through bank level data encryption. It also put in place a two factor authentication (2FA) mechanism to ensure a maximum security level for its users when performing sensitive functions like transactions and withdrawal. With Kucoin the safety of wallet is also guaranteed with the help of its multi-layer encryption storage method, so any alteration to the wallet document will require a review and approval through its internal control procedure that was put in place to monitor all operations to wallet document and these operations can only be successful by a simultaneous key deciphering by two persons.

3. Another reason why I chose the exchange is that when talking about a working customer service, Kucoin has the best and efficient Customer service with incredibly fast response from representatives that are dedicated to helping customers with their needs promptly. The customer service is available round the clock and can be reached through its multi-channels platform which includes webpage, email, live chat, telephone and there is even a telegram support chat platform which gives a quick response to users. The FAQ segment too is very helpful, it contains answers to almost all the questions you might be having on how to use or what can be done on the platform.

So I would say Kucoin is a really good and reliable platform to use and would recommend it to other crypto-currency investors to start trading with Kucoin exchange rather than using dodgy websites with fake promises. Even if you are new to crypto-currency, there is nothing to worry about as its it's website and app are well designed to easily navigate through. It is user friendly and I enjoyed using it.