Review on KuCoin by Mehdi hazni

Name: KuCoin
Item: KuCoin
Rating: 5

May 17, 2020

KuCoin exchange

kucoin is an intermediary exchange that allows you to buy, sell and exchange many different cryptocurrencies.
kucoin has gained a lot of fame due to the introduction of cryptocurrencies whose ICO has just been completed. The exchange offers tokens that are popular at the beginning of their journey to becoming a currency code.
If you want to withdraw your coins from an exchange, the fee depends on which cryptocurrency you want to withdraw, and the cryptocurrencies transaction fee is 0.1%.
This exchange has its own cryptocurrency called Kucoin Shares - KCS! Users of this exchange include discounts on the payment of their transaction fees with KCS coins. In addition, 50% of the revenue from fees received by this exchange also goes to the owners of KCS quinces!
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Updated 3 years ago

Rating has not been changed

In this update, I intend to review the facilities of this exchange with one of its competitors. Both of these exchanges have a high reputation. The daily trading volume of both exchanges is high, but there is a big difference between the volume of binance exchange and kucoin. Yesterday, the daily trading volume of the kucoin exchange was about $ 3 billion and the daily trading volume of the binance exchange was an astonishing figure of about $ 120 billion. But regardless of reputation, the most important reason for choosing an exchange can be its facilities and convenience, which we need to examine between these two exchanges.
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Comparison trading fees 
Both exchanges offer both spot trading and futures contracts. For this reason, I want to check the trading fee in these sections among these exchanges.
Spot trading fee of users with monthly trading volume less than 50BTC, in kucoin is equal to 0.1% for both maker of orders and takers. This number is 0.075% for binance, which is the same for both makers and takers.
Futures trading fee has similar conditions and for LVL0 users in kucoin for makers this number is 0.02%, binance for makers has set a similar percentage. But for takers in kucoin exchange, this percentage is 0.06%, which binance has set a lower percentage and its percentage is 0.04%.
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Buy cryptos with fiats
Both of these exchanges have made it possible to buy cryptocurrencies with fiat currencies. Binance Exchange supports payment with mastercard and visacard for this issue, and kucoin also supports apple pay and SEPA in addition to these two methods.
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The finance sections

The finance section of these exchanges has similar facilities, but Binance offers two sections: crypto loans and binance visa card, in addition to the facilities that kucoin has.
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Futures contracts
As mentioned, both support futures contracts, but kucoin has an advantage over binance in this regard. binance offers only one system for doing these trades, but kucoin exchange has two systems, futures lite and futures pro, which are suitable for both amateur and pro users. The lite section offers simpler ways to do trades that amateurs can easily do, and the pro section is suitable for professional traders by offering more professional features.
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Summary of comparison of these two exchanges:
In the trading fee, kucoin exchange receives a relatively high percentage as a fee from users. But this percentage is not high enough to have much of an impact on a person's income.
In the finance department, binance exchange has been stronger by offering more facilities.
In futures trades, kucoin exchange has made trading easier for both amateurs and professionals by offering two different types of systems, which makes kucoin stronger in this regard.
In the case of buying cryptocurrencies with fiat, kucoin has been stronger than binance by offering two more channels, namely apple pay and SEPA.
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Updated 3 years ago

Rating changed from 4 to 5

I have written an original review about this exchange and also published a more comprehensive update after that.
In the previous update, the daily trading volume of this exchange was about 3 billion dollars, but now this volume has increased many times and the current daily trading volume of this exchange is about 9 billion dollars based on coinmarketcap, which is a very good progress for 5 months. Of course, some of this increase in kucoin is due to the growth of the cryptocurrency market in recent months.
Recently, this exchange has updated the two sections of Mining pool and affiliate. In the mining pool section, it is possible to invest by purchasing extraction power. Due to the huge scams of cloud mining companies, the possibility of investing in this matter by a reputable exchange with a long history has been well prepared.
In the affiliate program, this exchange has provided the possibility of receiving 40% of the commission for the user, which can be a great source of income due to the high credibility of kucoin exchange.
In the trade section, this exchange has introduced and presented the trading bot, which can be used for spot and futures trading, which can be very profitable if users use it properly.
I did not see any significant changes in other sections, but these changes, in my opinion, make this exchange a perfect exchange.

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