Review on KuCoin by Killer Bean
Kucoin- The complete exchange platform
Kucoin is an Asian based exchange, allowing users to buy, sell and exchange cryprocurrencies and digial assets. It is a very popular exchange as most of its users are from Asia which gives it a high number of users. It was developed and founded in 2017. It supports a vast number of coins like bitcoin, ethereum, litecoin(all numbering up to 250). It supports staking and even allows traders to be able to trade fiat tokens for cryptocoins, amazing, isn't it? Kucoin is a very liquid platform. Users receive rewards in its local token, KUCOIN SHARES. It works when the users are shareholders of Kucoin. Being a shareholder even gives you an opportunity to vote. With Kucoin, traders can have access to Margin Trading, this will go a long way in helping traders make more profit. On Kucoin, users can lend out their cryptocurrencies with interest of 0.2%. The interest gained is the lender's profit. As i earlier mentioned, Kucoin allows for staking via its own staking platform, POOL-X. The trading fee on Kucoin is very cheap and affordable as traders are charged 0.1% flat trading fee which could be less if you paid with Kucoin shares. This should be the Exchange platform you are looking for as a trader and investor.
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Pros
- It is very popular
- It supports a lot of cryptocurrencies
- It is very liquid
- Allows traders to loan their cryptocurrencies
Cons
- Personally speaking, Kucoin has no negative part
