Review on KuCoin by Japheth Ayuba
My Kucoin Exchange Review
Kucoin Exchange was established in 2017 and has so far risen to be one of the best exchanges there is in the Crypto market. The exchange is noted for it's variety of Altcoins supported on the exchange and it's low trade fee of 0.1%. There is a great trading view for Crypto price movements and a price alert add-on to notify a trader when the value of a Crypto coin reaches the set amount. Kucoin is one of those exchanges that is recommended for entry level Crypto traders as they support Fiat deposit. The exchange sports it's platform on Android and IOS devices and can be accessed through it's web portal. The exchange supports futures and margin trading with a leverage of up to 100% There is also a 20% referral bonus for its affiliates
The exchange has a 24/7 customer service and can be accessed on the app and their social media handles with different language support. It's users can earn staking and lending rewards like from it's Pool-X staking which yields a 15% Annual Percentage Returns APR and require a low minimum deposit amount. The exchange has its token Kucoin shares KCS which is used to reduce trading fees. The exchange has always been a great one for investment and trading but has lost most of its appeal due to the recent hack it experienced of which assets of over $150 million dollars was lost
The exchange is quite credible and security conscious that even despite it's hack, is still highly recommendable
Pros
- Great trading view to monitor price movements and make trading decisions based on those movements
- There is a price alert add-on on the exchange to notify traders when a Crypto asset reaches a specified value
- Supports fiat deposit
- A low flat trade fee of 0.1% which can be reduced by using it's token KCS to pay for the fees
- There is a 20% referral bonus for its affiliates
- Supports Spot trading, Futures trading and Margin trading with a high leverage of 100%
- Pool-X staking yields of 15% APR
- Active support team on both the app live chat and their social media handles with different language support
Cons
- Lost most of its appeal after the recent hack on the exchange
