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kuCoin review 2022 review: security, fees, coins and more

As one of the most recognizable well-known names in the cryptocurrency world, KuCoin offers a lot extra than your normal cryptocurrency exchange. This is why in the following KuCoin Exchange Review, we take a look at everything from asset classifications such as fees, features encryption features and much more to help you comprehend the basics of KuCoin's platform.



One of the most appealing aspects to KuCoin's service is its ability to locate and provide support for brand new rare altcoins prior to every other cryptocurrency exchange. Due to this, the majority of coin hoarders, collectors of rare coins and avid altcoin collectors choose KuCoin as their exchange of choice. KuCoin's services KuCoin can be tailored to increase the trust of experienced traders.




The development of the cryptocurrency of KuCoin was first discovered in the early 2011s. Their project came to fruition in 2017, and KuCoin has been providing top-quality services to traders from all over the world for the past year.



In addition to its traditional trading service, KuCoin also allows traders to take part in more gaming-like trading services.



With a variety of ICOs and events for fundraising, KuCoin was able to raise over $300 million in its capital. Presently, KuCoin has a valuation of more than $10 billion, even with its regulatory inconsistency.



KuCoin has cryptocurrencies that are available for purchase.


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



The exchange also has support for more than 700 cryptocurrency. Many of these are not available on any other exchange. This makes KuCoin a great choice for coin hoarders , as well as rare cryptocurrency hunters.



Specific Features of KuCoin Exchange


KuCoin is not a slouch in offering its clients some quality tools to work with. It is possible for traders to use KuCoin on their PCs as well as mobile devices with ease with apps and web platforms.



A number of features also provide the traders with the opportunity to gain some significant passive income. Let's take a study of some the options displayed at KuCoin.



KuCoin Earn


This KuCoin Earn feature functions as a one-stop wealth management service platform where traders can take their tokens to stake, look for bonuses, participate in the Polkadot on-chain ecosystem, as well as stake for ETC 2.0. Users also have the opportunity to earn profits and have a superior level of managing their assets.



On here, traders can find staking APYs on over 60 different assets, ranging from 0.4 10% to 101%.



In addition, traders will have the opportunity to participate through the DOT and KSM slot auction process with ease. kucoin reviews are then able to use DOT as well as KSM tokens for auctioning projects that they are interested in.



KuCoin Lend




This is a P2P programme for lending that allows the user to earn interest on their crypto property by loaning them.



With KuCoin traders have the option of lending more than 50 tokens in order to aid customers who have margin trading on their platform. What's great about KuCoin Lend is the guarantee provided by them that the token that the lender lends will be returned to them.



Additionally, there is an auto loan option, and all of these loans could last 7 7, 14, or 28 days.



KuCoin Spotlight




Spotlight is a platform that allows users to purchase tokens as reward from new projects through the commitment of KCS tokens. In the event of allocating a portion of KCS tokens to projects that are promising, traders earn Spotlight project's tokens at a proportional amount 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. Should crypto kucoin jump crypto 10b 100m be successful, the traders stand to benefit massively.



KuCoin Win




If you are a gambling person seeking a better trading experience, then this is the perfect choice for you. Participants of KuCoin Win can gain access to the initial token distribution of several projects at a reduced cost.



This feature is still new and is in the process of being developed. At present, traders have access to this mode via LuckyRaffling.



On LuckyRaffling users can select prizes to win, and buy the codes using crypto in order to make a shot at winning their prize. Apart from crypto-based rewards as well as other prizes like AirPods up for grabs here.



KCS Bonus




KCS Bonus has a unique incentive system that allows traders to earn a steady income. So, to be eligible for KCS Bonus, all you need to do is hold an amount of KCS tokens within your accounts.



A thing to keep in mind is that tokens added to KuCoin Earn are not eligible for reward points.



KuCoin Margin Trading




Margin trading is among the most popular features of KuCoin. This is where traders get access to 10x leverage in spot trading, and up to 100x leverage for Futures.



Furthermore, traders can as well go long or short across more than 100 various assets which are traded on this market. First, however, traders have to be able to agree to the KuCoin's terms, conditions and policies to allow margin trading.



KuCoin Leveraged Tokens




Tokens which have features that allow leverage automatically associated with the tokens are what is known as leveraged tokens.



Moreover, this is an alternative that is much more secure than margin trading. Its benefits include




In the absence of liquidation, there was no risk of losing the whole trading account.


There is no requirement for margins or loans


More simple than margin trading.


Comes with the same fees as spot trading.



KuCoin Futures




This is where traders can gain the capability to trade a few margined , leveraged contracts up to 100x. KuCoin offers support for more than 50 perpetual futures contracts , with an extremely efficient trading and analysis interface.



This exchange employs the weighted price range from other exchanges in order to calculate the spot price.



Futures Brawl




A Futures Brawl is also a enjoyable method of engaging in a chance-based game where the player can win some fantastic prizes. To be a part of the game, all you need must do is place a wager either on the long or short the price of Bitcoin.



The system will match you up against an opponent, and you will get the rewards if win. It is only possible to participate in Futures Brawl once a day.



P2P Fiat Trading




This feature lets traders trade off-exchange with other traders. In the moment, KuCoin offers support for transactions made with BTC, ETH, USDT, KCS, and USDC.



P2P Fiat Trading supports a wide variety of fiat currencies , as well as a variety of payment methods. Users must finish the KYC verification for their KuCoin account before using it.



KuCoin Fast Buy




Fast Buy is the most efficient option to purchase cryptocurrency on KuCoin. The platform has support for more than 70 payment options that allow the purchase of crypto without the complexities of trading platform.



KuCoin requires a small fee on every purchase, and this can vary depending on the transaction.



KuCoin Trading Bots




It also offers many trading bots which traders can take advantage.


These bots are capable of creating a balance in trading portfolios, taking trades, and following DCA strategies to ease the lives of traders.



KuCoin App







Like most of the other top cryptocurrency exchanges, KuCoin also provides a top-notch mobile application. This app comes with the same features of the main exchange on a cell level.




KuCoin App has received a lot of praise at both Google Play Store and Apple App Store in addition to more than 120k combined downloads. The app has a simple and innovative user interface that allows easy navigation.



KuCoin Fees




Like exchanges such as Binance along with FTX, KuCoin also comes with a tiered pricing model. This exchange has very low charges and could be extremely different depending on the trading quantity over the duration of 30 days.



The standard fee rate is 0.1 percent for takers and makers. This value can be taken even lower if the traders decide to pay their fee with the native KCS token.



The lending rate for futures on KuCoin is adjustable because they adjust to match the current funding rates. By doing this, traders are able to reduce the gap between the quote and base currencies between 0.030 percent to 0.030%.



This allows the cost of funding of the perpetual futures of KuCoin to fall to 0. The futures ' funding hours for KuCoin comprise of 04:00, 12:00 and 20:00 UTC.



KuCoin Deposit/Withdrawals




Crypto deposits on KuCoin are absolutely free, but the cost of withdrawing them is depending on the network and the currency of the token. Traders can utilize more than fifty fiat currencies, and over 70 payment options through third-party platforms to buy cryptos.



Third-party platforms could charge up to 1% - six percent, depending on the source of the funds, method used, and the party. However, traders aren't able to transfer or deposit fiat currency however, they can buy cryptocurrency with fiat, for charge.




KuCoin Security




Traders do not have to worry about the security of their financial data online because KuCoin uses cold storage technology. KuCoin has sought the assistance on behalf of Onchain Custodian to give their customers the highest level of security.



Additionally, KuCoin also offers insurance options in the unlikely event of a hack.



One thing to make clear is that the KuCoin was hit by one of the largest hacks in the history of crypto and hackers were able to steal $275 million worth of customer funds.



The good thing is that every single penny of the funds of traders was reimbursed by KuCoin in addition, they have increased the security measures they have implemented since then.



Below are some protection features that come with KuCoin.




Cold storage implementation


Two-factor authentication


Security questions about security


Security wording for anti-phishing


Secure login security word


Strong trading password requirement


Mobile verification


Notifications via email


Restrict or whitelist the login IP addresses



Design and Usability




If you're looking to get familiar with the KuCoin exchange, there is some learning curve that you must follow. The advanced features and the helpful UI for the KuCoin exchange suggest that it is perfect for experienced traders.



All the information you require is displayed in the main interface and traders can navigate the platform by using this. This dashboard features,




Order placing window


The markets window


Order book


Recent trades windows


Stop orders, open orders


Order history








Traders also have the freedom to switch between a lite as well as the traditional option of UI. The lighter version provides greater ease of use while the classic comes complete with trading functions.



KuCoin Token KCS




The KCS token is the sole utility token in the KuCoin community. These tokens could be useful for KuCoin traders because they are helpful for,




Earning daily cash rewards


To receive trading fee discounts


Get access and access to spotlight projects


Special access KCS offer to holders


KCS token Staking benefits



Customer Support




Customer service is one aspect that KuCoin could improve upon. kucoin coin list for customer support isn't ideal and you may end up stuck on a wait list for a period of time.



The live chat feature using a chatbot, KuCoin utilizes a bot known as Emilia which does not work as one would think. To connect with a member KuCoin's support staff,, you will have to speak to Emilia. The most appealing aspect of KuCoin customer care is the strong self-help feature with great writings.



Conclusion




In terms of cryptocurrency platforms that are robust and top-of-the-line features, the KuCoin is the best. kucoin in new york offers a wide array in terms of trading tools and benefits as well as the opportunity to compete with crypto in a gamified way.



Even with their below-average customer support and inability to pay out KuCoin managed to achieve a place in the top five crypto exchanges. This confirms that the caliber of the other services offered is sufficient as well as providing a pleasant trading environment.



The decision of choosing whether to make use of KuCoin or not is entirely in your own hands. You can use the information that we provide as the base of your study and then come to a definite conclusion.



FAQs




What is KuCoin?



KuCoin is one of the most popular cryptocurrency exchanges. What's unique about it is the fact that it can locate and assist with the development of rare altcoins prior to another exchange.





Is KuCoin reliable?



Although KuCoin is ranked in the top five crypto exchanges yet it isn't licensed. This makes it one of the most insecure exchanges.






Is KuCoin better than Binance?



Binance is licensed and controlled. While KuCoin is a better alternative coin assistance, Binance excels in every other area.











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