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kuCoin review 2022 in terms of security, fees coins and more

One of the biggest names in the crypto industry, KuCoin offers a lot more than your standard cryptocurrency exchange. Therefore, in this KuCoin Exchange Review, we look at everything from asset classes including features, fees, safety features and much more to help you understand the features of the platform.



One of the advantages about KuCoin is its capacity to find and provide support for rare altcoins that are brand new prior to all other exchanges. In this way, the majority coin hoarders, collectors of rare coins and enthusiasts of altcoins choose KuCoin to be their exchange of choice. KuCoin's services KuCoin is designed to help you gain the attention of more skilled traders.



The creation of the blockchain of KuCoin has been in place since the beginning of 2011. kucoin legit was realized in 2017 and KuCoin has been offering high-quality services to traders from across the globe since then.



Apart from the usual trading tools, KuCoin also allows traders to participate in casino-like gaming facilities.



Through ICOs and fundraising events, KuCoin was able to generate over $300 million in its capital. Presently, KuCoin has a valuation value of a staggering $10 billion, despite the inability to comply with regulations.



The KuCoin cryptocurrency platform offers cryptocurrencies.


One of the strengths of the KuCoin exchange is the variety of cryptocurrency assets that are available.



The exchange also has support for over 700 cryptos, many of which cannot be found on any other platform. This makes KuCoin an ideal exchange to use for coin hoarders as well as rare cryptocurrency hunters.



Specific Features of KuCoin Exchange


KuCoin is not shy when offering its clients a variety of high-quality features to use. The traders are able to access KuCoin on their PCs or mobile devices using apps and web platforms.



Many features also provide the traders with the opportunity to reap some nice passive profits. We'll take a deeper glance at the various features that are on display at KuCoin.



KuCoin Earn


The KuCoin Earn feature functions as an all-in-one wealth management platform where traders take their tokens to stake, look for bonuses, participate in the Polkadot on-chain ecosystem, and also stake for ETC 2.0. It also provides users with an opportunity to earn money by utilizing a high degree of financial management.



On here, traders can find staking APYs on over 60 different assets, ranging from 0.4% to 101%.



Additionally, traders get the chance to participate on the DOT and KSM slot auctions with ease. They can then use the DOT or KSM tokens to bidding on projects that they consider interesting.



KuCoin Lend




It is an P2P loan program which allows users to earn money on their crypto assets by lending them.



With KuCoin traders are granted the flexibility to loan more than 50 tokens that will assist to the traders that trade margin on this platform. The great thing about KuCoin Lend is the guarantee that they provide that the lender's token will return to them.



Additionally, there's an auto-lending feature, as well as loans that can run for 7 28, 14, or 7 days.



KuCoin Spotlight




Spotlight is the platform that lets users buy tokens as rewards from new projects by committing KCS tokens. By allocating certain KCS tokens to a promising undertaking, traders can earn the Spotlight project's tokens according to the amount they invest.



Traders with advanced verification, who have signed the purchase agreement, and live in a jurisdiction-supported area, are eligible to take part in the KuCoin spotlight. If the KuCoin project proves to be a success, the invested traders will gain massive benefits.



KuCoin Win




If you are a gambling person looking for a more gamified trading experience, then this is the perfect choice for you. The KuCoin Win participants have access to the token distribution process that was initially introduced to many projects at a cheaper cost.



This feature is new and is in the process of being developed. For the moment, traders can use"LuckyRaffling" mode.



On LuckyRaffling players can choose an award to be won, or use crypto to purchase coupons and stand a chance to win the prize. Apart from crypto-based rewards, there are also items like Air pods , for instance, up for the taking here.



KCS Bonus




KCS Bonus has a unique incentive system that allows traders to earn a daily passive income. To be eligible for your bonus all you need be able to do is maintain a certain number of KCS currency tokens in your account.



Something to keep in mind is that tokens added to KuCoin Earn do not qualify for reward points.



KuCoin Margin Trading




Margin trading is one of the biggest attractions of KuCoin. The traders here can get access to leverage up to 10x for spot trading and also up to 100x for Futures.



Additionally, traders are able to be able to trade either short or long on more than 100 different assets that trade on spots on. First, they will be required to accept KuCoin's terms and conditions to enable margin trading.



KuCoin Leveraged Tokens




Tokens with features of leverage automatically attributed to the tokens are what is called leveraged tokens.



In addition, it's the most secure alternative to margin trading, and its advantages of it are,




No liquidation events resulted in the loss of the entire trading account.


No margin requirement or loans


It is less complicated than margin trading.


Has the same charges as spot trading.



KuCoin Futures




With KuCoin, traders get the possibility of trading a limited number of margined contract with leverage of up to 100x. KuCoin provides support for more than 50 perpetual options for futures, and comes with the most powerful trading and research interface.



This exchange uses the weighted average price from other exchanges to calculate their underlying spot price.



Futures Brawl




This Futures Brawl is also a entertaining method to play a game of chance where traders stand to win big prizes. All you have be able to do is wager on either long or short the value of Bitcoin.



The system will match you up with an opponent and you'll earn the prize if you win. The only way to play is Futures Brawl once a day.



P2P Fiat Trading




This feature allows traders to trade off-exchange with other traders. As of now, KuCoin offers support for transactions that involve BTC, ETH, USDT, KCS, and USDC.



P2P Fiat Trading supports a large variety of fiat currency as well as numerous payment options. But customers will need to be able to complete the KYC verification for their KuCoin account before using it.



KuCoin Fast Buy




It is the fastest way to purchase cryptocurrency KuCoin. This platform allows for more than 70 payment methods which allow buyers to buy without having to worry about technicalities of the trading platform.



KuCoin has a fee of a modest amount for each purchase, and the fee can be different based on the transaction.



KuCoin Trading Bots




The exchange also offers various trading robots which traders can take advantage.


The bots are capable of managing portfolios of trading assets, rebalancing them, conducting trades and adhering to DCA strategies to ease the lives of traders.



KuCoin App







Like many of the major crypto exchanges KuCoin also provides a top-notch mobile app. The app is able to provide the same functions as the main exchange however, at a smartphone level.



KuCoin app is highly rated and has been praised on the Google Play Store and Apple App Store with more than 120k downloads. It is a simple and stylish UI which lets users navigate easily.



KuCoin Fees




Like exchanges such as Binance or FTX, KuCoin also comes with a tiered-fee model. how to transfer from coinbase to kucoin has extremely low cost of fees, but it could vary significantly based on trading number over the period of 30 calendar days.



The most popular fee rate is 0.1 percent for takers, and 0.1 percent for makers. This amount can be made less if traders opt to pay for their fees by using in the form of the KCS token.



The lending rate of the futures on KuCoin is adjustable as they adjust to match the current funding rates. This allows traders to change the gap in lending rates between the base and quote currencies from 0.030 percent to 0.030% to.



This allows the financing fee to the perpetual futures KuCoin to fall to 0. Futures funding hours of KuCoin are 04:00, 12:00 and 20:00 UTC.



KuCoin Deposits/Withdrawals




Crypto deposits on KuCoin are absolutely free while fees for crypto withdrawals vary according to the network and the cryptocurrency. Traders can make use of more than 50 fiat currencies and more than 70 payment modes through third party platforms to purchase crypto.



Third-party platforms charge between 1% and up to 6%, based upon the type of asset, method as well as the party. The traders cannot deposit or withdraw fiat currencies in this instance, however they can purchase cryptocurrency using fiat currency for charge.



KuCoin Security




Traders don't need to worry about the security of their financial security online since KuCoin makes use of cold storage technology. KuCoin is working with the assistance on behalf of Onchain Custodian to provide their clients the most secure security.



Additionally, KuCoin also offers insurance policies in the unfortunate event of a hack.



One thing we have to note is that KuCoin had to deal with one of largest hacks that have occurred in the history of crypto and hackers were able to take $275 million from customer funds.



The good news is that each cent of trader's cash was refunded by KuCoin in addition, they have increased their security measures over time.



Below are a few security features offered by KuCoin.




Cold storage implementation


Two-factor authentication


Security questions concerning security


Anti-phishing Secure Safety Phrase


Secure login safety phrase


Strong password for trading required


Mobile verification


Notifications via email


Restrict or whitelist the login IP addresses



Design and Usability




If you're interested in getting used to the KuCoin trading platform, there's an initial learning curve to learn. kucoin legit and excellently detailed UI of the KuCoin exchange will show that it's appropriate for traders with experience.



Everything you require is shown on the main interface, and traders can easily navigate the platform. The dashboard's main page has,




Order placing window


The window for markets


Book of orders


Recent trades on the window



Open orders, stop orders


Order history








Traders also have the flexibility to switch between the lite as well as the traditional version of the UI. The lighter version provides greater ease of use, while the classic comes equipped with more sophisticated trading features.



KuCoin Token KCS




The KCS token acts as the sole utility token within the KuCoin blockchain. The tokens can be useful for KuCoin traders due to their beneficial for,




Each day, you can earn rewards


To receive trading fee discounts


Gain access for spotlight projects


Gain access to the exclusive KCS Holder benefits


KCS token Staking benefits



Customer Support




Customer service is one area that KuCoin could improve upon. The response times for customer support isn't ideal, and you might get delayed for a while.



On the live chat feature using a chatbot, KuCoin utilizes a bot named Emilia which doesn't work like one might think. To get in touch with a member of KuCoin's support staff, you'll have to deal with Emilia. The only positive thing about KuCoin customer care is the high-quality self-help page with useful articles.



Conclusion




If you're looking for crypto-based platforms that have robust as well as top-ofthe-line features KuCoin is unbeatable. It offers a vast array of trading capabilities and benefits along with the opportunity to compete with crypto in a more gamified manner.



Even with their below-average customer support and inability to pay in, KuCoin was able to get a spot among the top five cryptocurrency exchanges. This is a sign that the quality of the other services they offer is up to the task and is able to provide a positive trading environment.



The choice of which option to use KuCoin or not falls into your own hands. Learn the facts you will find here as the basis of your investigation and reach a conclusion.



FAQs




What is KuCoin?



KuCoin is among the top cryptocurrency exchanges. The great thing about it is its ability of locating and provide support for brand-new rare altcoins prior to or after any exchange.





Are KuCoin's services reliable?



Although KuCoin has a spot in the top five cryptocurrency exchanges However, it's still not licensed. This makes KuCoin an among the most untrustworthy exchanges.





Are KuCoin's advantages greater than Binance?



Binance is licensed and properly regulated. While KuCoin's altcoins have better services, Binance does well in any other area.








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