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Benaiah A. Akinlade photo
Nigeria, Osogbo, Osun State, Nigeria
1 Level
165 Review
110 Karma

Review on KuCoin by Benaiah A. Akinlade

Revainrating 5 out of 5

My experience with the highly security conscious KUcoin

After downloaded the app, the registration process required for phone number registration or email registration. I opted for the phone number and I was sent an OTP to verify my phone number. After I registered my KUCoin account, the first thing I noticed was its fascinating and enticing user interface.
I proceeded to registering my email address. I noticed that for every process of registration, there is an OTP sent to my phone number to verify it’s me. This is quite impressive it’s just that I need to be with my phone at all times.
I did KYC too by registration of my passport. It required my picture along with my passport and signature for Verification.
After that I ventured to the payment option where there are so many options. Also here, for every bank account you add, you have to verify on your phone number. I successfully registered 2 banks and my PayPal account. This means that I can get paid directly into my bank account. But I noticed that I can’t deposit funds through my bank. Hopefully this feature will be added soon.
You can also activate your trading password which acts like your pin for withdrawal and sending funds.
Lest I forget, there is also the google verification where you need the Google Authenticator App for transactions. This ensures that your KUCoin exchange account is highly protected because of the different layers of security it has.
KUcoin supports many assets which you can trade. I sent a few TRON (TRX) the wallet on KUcoin, to test it’s speed and efficiency, I was charged 0.1TRX and the transaction was completed relatively fast.
There is a lending section which I’m yet to exploit, but I noticed that you can lend and borrow
The platform is user friendly and highly interactive, the notification of receiving funds is spontaneous.
I’m sure I will enjoy it more as I continue exploring its uses. I recommend this exchange.
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Updated 3 years ago
Rating has not been changed
As I said in my initial review about KuCoin that I would enjoy using it, my perspective about KuCoin haven’t changed so much that if I had a bigger rating than 5, I'd definitely give. I have reviewed quite a few exchanges in the crypto space but I haven't any really better than KuCoin. I know users have different reasons they prefer an exchange to others, and this opinion is borne out of the fact that I have used and enjoyed the services of this exchange since I could take my first steps in the crypto space.
The exchange have been making giant strides in the crypto space. I personally use KuCoin to hodl 85% of my crypto assets due to its high security and easy navigation.
I am equally impressed by the amazing appreciation the native token of KuCoin exchange went through before the recent great dip. The daily reward for holding a minimum of 6 KCS is still very much active on the exchange including a lot of amazing interests on lending and staking of assets.
The exchange is also still accessible on PC, iOS, and Android devices. There are also a lot of ways to make passive income on the exchange
There are tons of assets that you can hold on this exchange and I vouch for the exchange that you investment is safe.



Updated 3 years ago
Rating has not been changed



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How time has flown since I started using the KuCoin exchange. The crypto exchange has proceeded to become my main crypto asset hodler where I confidently hodl 95% of my assets. I’m sure that by the time you finish reading my update on KuCoin, your opinion will be made on the exchange.

The interface of the exchange has become more friendly to users over time with some of the services provided on the exchange increasing with time.

The exchange has expanded to accommodate a wide variety of crypto assets an non fungible tokens NFTs.

The provision made by KuCoin exchange to give daily bonus on holding at least 6 KCS the native token is one of the most generous of any crypto exchange around, most especially now that there has been a bullishness in the value of the asset ($22.474). Investors who hodl the KCS in early days are seriously smiling to their pockets right now and I can easily say I’m one of them. So I suggest that you try to get yourself a bag of at least 6 KCS.

I’m still currently staking (Pool-X) my TRX on KuCoin for daily interests which has given me a very high return. This is also a prospect investors can try to explore.

I also hodl some thousands of APENFT which is a reward for hodling some crypto assets on KuCoin.

KuCoin exchange is a very good exchange to use for both veterans in the crypto space and for new investors.



Pros
  • The trading and withdrawal fees are not too expensive
  • KYC is not compulsory
  • The exchange is fairly easy to use and navigate
  • There are lots of cryptocurrencies that we can trade
  • There is a multiple layer of account security.
  • The user account is highly protected
  • There is a lending and borrowing feature
  • Transactions are completed fast
Cons
  • Incessant text messages for verification can be annoying at times
  • Bank deposit feature is not available
  • It may be too hard to navigate for new users

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