Review on KuCoin by Olivia Jones
Kucoin exchange is very popular crypto exchange
This service, in my opinion, is excellent for cryptocurrency trading since the fees of money conversion and withdrawal are extremely minimal, and the exchange software is straightforward and simple to comprehend. This exchange platform is simple to use and provides a broad range of currencies, making it perfect for those who want to trade without having to go through a lot of hoops (or provide a lot of personal information), since registration and access are practically instantaneous and simple to complete.
The platform's weaknesses, in my opinion, stem from the lack of FIAT transactions, the inability to accept bank deposits, and the inability to trade in currencies other than USD and EUR.
I'm not a fan of futures trading because of the high risk of trading, but I like trading. That is why in spot trading, the number of currencies that can be bought and sold in crypto exchanges is important, as kucoin has listed several hundred currencies.
Due to the high withdrawal fees from many exchanges, if we have to keep the currency in another wallet after purchase due to low security, even if the price of the currency we bought is higher, we may not make a good profit due to the fees. . For this reason, I am always looking for an exchange office that I can keep in after buying the currency. I have never had a problem with kucoin in security issues and another reason for my choice is its proper security.
In kucoin, the user's assets for each type of activity must be transferred to a specific section of that activity, this prevents many inadvertent mistakes when trading.
The withdrawal fee of this exchange is much more reasonable for some of the listed currencies than some of the competitors of this exchange. For this reason, heavy fees will not be noticed by the user when withdrawing assets from an exchange office. Of course, the fees of some currencies are also relatively high.
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- They usually run contests to give away bitcoin and other cryptocurrencies to participants who take part in trading competitions.
- It features an extremely low flat cost for operations; you'll just have to pay 0.1 percent of the total.
- You don't have to worry about minimum deposit limitations at KuCoin.
- KuCoin does not accept deposits in fiat currency. As a result, we'll have to obtain our bitcoins from somewhere else before sending them to KuCoin.
