Review on KuCoin by jesus ruiz
Kucoin, new but very popular exchange platform
From my point of view, this site is very good for cryptocurrency trading because its costs are quite low with respect to the exchange and withdrawal of money, plus the exchange platform is intuitive and very easy to understand. This exchange platform is very easy to understand and offers a wide variety of currencies, so it is ideal for people who want to trade without so many twists and turns (and without providing much personal information) since registration and access is almost instant and very easy to perform.
In my opinion, the weak points of this platform are due to, for example, not having FIAT transactions, not accepting bank deposits, or trading in currencies such as USD or Euros.
For people who prefer to enter the trading market without wasting so much time and without providing so much information, then this site is the right one. Opening and closing trades on KuCoin is done through a nice, easy to use and quite stable platform. At first, it seemed a bit overwhelming because of the amount of information displayed, but, it is not difficult to use.
Also Kucoin offers the Margin system, in this trading system you will be able to borrow token or currencies from kucoin in order to trade for higher profits, with a daily interest rate. The margin available is up to 10:1 or 10%, which means you can increase the buying power up to 10
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Pros
- At KuCoin you don't have to worry about minimum deposit limits.
- Generally, they publish contests to raffle bitcoin and other cryptocurrencies to users who participate in trading contests.
- It has a very competitive flat fee for operations, you will only pay 0.1% of it.
Cons
- KuCoin does not support fiat money deposits. Therefore, we will have to get our bitcoins in another exchange before sending them to KuCoin
