Review on KuCoin by Olugbenga Ajayi
Kucoin is an exchange for all
If there is any exchange that I respect for it's wide array of Currency pairs and altcoins that are commonly traded, kucoin is one. I have used it for cheap exchange of my cryptocurrency assets and I love it.
Kucoin exchange is one of the thriving exchanges in Seychelles and was founded in 2017. Since it's inception, it has been offering a good exchange services in several pair selection with more than 250 coins. This year despite the pandemic, it has been ranked 16 among other exchanges.
The exchange many services like future trading, OTC trading, cryptocurrency lending, exchange etc. It supports flat Currencies like USD, EUR, GBP, AUD, CAD and more.
It has a native token known as kucoin shares(KCS) which is used to give bonus and discount for all traders that holds the token. Holders also have an automatic right to vote.
Kucoin offer one of the best fee in the industry. Imagine charging only 0.0004 on BTC whereas most of the exchanges charge 0.0005. It also charge an equal fee of 0.10%on takers and makers compared to 0.15-20% common in the industry.
In my own opinion, I will prefer the exchange review it's app. The app is not really intuitive and it is not easy for beginners in cryptocurrency. The background is black and you have to look closely to see the icons that lead to major operation.
Pros
- It supports crypto to flat exchange
- It offers margin trading
- It is a multicurrency exchange
- It offers one of the lowest fee in the market
- There is 24/7 customer service
- It offers wide selection of altcoins for trading
- It offers staking via it's pool-x
- Kucoin allow customer to lend cryptocurrency to another customer and earn interest
- It charges flat fees on takers and makers
Cons
- It doesn't offer flat to flat Currency exchange
- The app is not really intuitive or easy to use for newbies
