Review on KuCoin by Sudais Quadri
KuCoin - THE LIQUID PLATFORM
Kucoin- is a sophisticated and a well secured exchange platform where trades abd investors can buy, sell, and trade bitcoins and other altcoins like tron and litecoin etc. It comes with a low fee for exchange though not as low as binance. It was established in 2017 and precently has a tip over 4 million users. It is a popular cryptoplatform that is used to trade ranges of tokens. It had it ground in HongKong. It now works with margin trading which supports the major digital assets around the world. On Ku coin, an investor or a trader can lend crypto tokens to his fellow trader, the lender earns by the interest added to the loan. This whole transaction process is a span of 28 days. In order to solve the problem of liquidity, Kucoin came up with a staking platform POOL-X which was a free market pioneer. It charges a flat rate of 0.1% for all trades either makers or takers. It even supports fiat based deposits presently. Kucoin appears to be a very secure platform as it prevent vulnerabilities of users asset to attacks. Kucoin is one of a Kind. As it has expanded over the couple of years. It find it hard to handle the large amount of new users signing up as it has no strong
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Pros
- It is well secured
- It supports fiat currency
Cons
- Inability to cope with large amount of new users
