Review on KuCoin by Danh Huỳnh Ngọc Công
Kucoin is very advanced
Kucoin is an extremely good cryptocurrency exchange that constantly involves and becomes better. I really like trading on it, everything about it, like deposits, withdrawals, trading or promotion, is both satisfying. Witnessing its growth day by day, I cannot imagine what KCS ecosystem would become in the future. I will recommend my friends to use it one to experience one of the best exchange on the market
Updated 5 years ago
Rating changed from 5 to 4
UPDATE: - Kucoin has successfully launched Kumex platform, a Derivatives Trading Platform which help users maximize their profits from the assets
- Kucoin is now the biggest soft staking platform which gives out profits for holding a wide range of cryptocurrencies on this exchange
Pros
- - Kucoin is one of the most famous crytocurrency in the world right now; therefore, there is no worry about an exist scam. Even if it happens, there is a high chance that funds will be distributed back to the account holders
- - There website design is extremely good in my opinion. It looks very beautiful and fun. This makes me really interested in trading my favorite coins/tokens
- - There are many over 400 active trading pairs on Kucoin right now so traders may easily find their favorite cryptocurrency on this trading platform
- - Users does not need to verify their identities to start their trades on this exchange. They can trade anonymously and withdraw a little bit a day
- - Trading interface is supper good, fitting everything in one screen. The layout of functions is well-arranged which gives the convenience in buying and selling
- - They offer three types of orders: market order, limit order, and stop market order. These are the three types of order that every top exchange must have
- - Kucoin has a native cryptocurrency named Kucoin Shares. When holding Kucoin Shares, holders will be rewarded with Kucoin Bonus everyday. It is estimated that over 14,000 usdt worth of KCS is paid out to the users. Also, Kucoin Shares can be used to pay for trading fee which will be discounted by a half. This is a big advantages for traders with massive volume. What's more, KCS holders will be able to participate IEO events hosted by Kucoin themselves, which is usually very profitable
- - The daily volume of this exchange is quite good making its liquidity very healthy
- - It is possible to open many trading screens for different trading pairs helping the traders a lot in monitoring the actions on different charts
- - It offers a wide range of interesting funcitons. One of them is price alert which will warn users when the price of a coin/token reaches a certain level
- - It has set many methods of security in the settings to help the users protect their own accounts
- - Normal maker and taker fees are very low comparing to other exchanges
- - They connect with users on many social networks such as Facebook, Instagram, Weibo, Reddit, Twitter, or Youtube, etc. That is another way of good marketing
- - They have partnered with many blockchain companies to build an ecosystem where Kucoin Shares can be used as a mean of payment for daily life. This is huge as it brings the mass adoption to the token and its development will be sustainable
- - Kucoin has been invested by many venture capitals such as IDG Captital, Matrix, NGC, and LFG
- - Their support can be reach by many ways, via email or via Telegram
- - It holds many promotions to marketing for the cryptourrencies that is and will be traded on their exchange. This is also good for the traders as they will get free money for simple tasks
- - Kucoin users can switch betwen the twelve languages that are supported on their exchange
- - Users can use their Visa credit card to buy cryptocurrency and deposit it directly on the exchange
Cons
- - There is used to be a rumor that Kucoin headquarter was a ghost office and that Kucoin is not transparent about their exchange
- - Kucoin does not offer hot trading mode such as margin trading or contract trading. They should add these to attract users and let them earn more profits
- - The chart that they provide does not give many tools like the charts on big exchanges like Huobi or Binance. They tools are extremely useful to predict the moves of market so they should at it as soon as possible
New products
Comments (1)
June 08, 2020
These are lots of good advantages that make sure the excellence of this exchange service. The opportunity of receiving rewards is also a good point. Users must be satisfied of using it. I'll take a look on it!
