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kuCoin review 2022 Review of security, fees and coins, and more

As one of the biggest brand names in the world of crypto, KuCoin offers a lot extra than your normal cryptocurrency exchange. In the following KuCoin Exchange Review, we take a look at everything from asset classifications functions, fees, features Security features, and much more to help you understand the platform.



One of the most appealing aspects about KuCoin is its ability to discover and provide assistance for rare and brand-new altcoins before any other exchange. As a result, many coin hoarders, rare coin collectors, and altcoin enthusiasts select KuCoin as an exchange of choice. The services offered by KuCoin can be tailored to increase the popularity of knowledgeable traders.



The birth of the blockchain of KuCoin has been in place since the first part of 2011. The KuCoin project took off in 2017, and KuCoin has been providing excellent services to traders across the globe since the time it was launched.



In addition to its traditional trading and trading facilities, KuCoin also allows traders the opportunity to participate in game-like, gaming-based trading.



Through ICOs and events to raise funds, KuCoin was able to gain over $300m in its capital. The moment is, KuCoin has a valuation value of a staggering $10 billion, despite its lack of regulations.



Cryptocurrencies that can be found on KuCoin


One of the major strengths of the KuCoin exchange is the wide range of available cryptocurrency assets.



The exchange also provides support for over 700 cryptos, many of which are not accessible on other platforms. It makes KuCoin the top exchange to use to satisfy coin hoarders and altcoin hunters.



Key Features of KuCoin Exchange


KuCoin is not shy when offering its clients a variety of high-quality functions to work with. The traders are able to access KuCoin on their PCs as well as mobile devices easily using applications and web platforms.



A number of features also provide the trader with the opportunity to earn some handsome passive rewards. Let's take a closer examine some of these features that are being showcased at KuCoin.



KuCoin Earn


There is also the KuCoin Earn feature is a one-stop wealth management service platform where traders go to place their tokens on the market, get bonus opportunities, join the Polkadot on-chain ecosystem, and stake their tokens for ETC 2.0. It also gives users an opportunity to make profits and have a superior level of control over their assets.



Here, traders are able to find staking APYs on over 60 financial instruments that range from 0.4% to 101%.



In addition, traders gain the opportunity to take part in the DOT and KSM slots auction process effortlessly. They can then use the DOT and KSM tokens to auction the projects that they are interested in.



KuCoin Lend




This is a P2P financing program. enables users to earn the interest they earn on their cryptocurrency funds by lending it.



With KuCoin traders are granted the ability to lend more than 50 tokens to assist customers who have margin trading on their platform. KuCoin Lend is a great option because KuCoin Lend is the guarantee that they offer that they will return the loaned token to them.



Additionally, there is an auto-lending feature, and all of these loans could last 7 28, 14, or 7 days.



KuCoin Spotlight




Spotlight is a platform that lets users buy tokens as rewards for projects that are new by committing KCS tokens. By allocating kucoin crypto to a promising project, traders will earn Spotlight project's tokens at a proportional amount to the investment amount.



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 proposed project is an success, the traders will benefit greatly.



KuCoin Win




If you're a man who is looking for a gamified trading experience, then this is the perfect choice for you. how to buy on kucoin app of KuCoinWin can have access the initial token distributions of various projects at a much lower cost.



This feature is still new and is in the process of being developed. At the moment, traders can utilize"luckyRaffling," which is a mode that traders can use.



On LuckyRaffling customers can choose prizes to be awarded and buy cryptocurrency-based coupons to be in the running to win their prize. As well as crypto-based rewards, there are also items like AirPods up for grabs here.



KCS Bonus




KCS Bonus has a unique incentive mechanism which allows traders to earn a regular, passive income. To be eligible for these rewards, all that you have to do is to keep some specific amount of KCS vouchers inside your bank account.



A thing to keep in mind is that any tokens that belong to KuCoin Earn cannot be used to earn rewards.



KuCoin Margin Trading




Margin trading is among the biggest attractions of KuCoin. Here, traders can gain access to leverage of 10x for spot trading and also up to 100x leverage for Futures.



Additionally, traders can be able to trade either short or long across more than 100 various assets that trade in at the time of trading. But first, traders will need to agree with KuCoin's terms & conditions in order to enable margin trading.



KuCoin Leveraged Tokens




tokens that include the attributes of leverage that are automatically assigned to them are often called leveraged tokens.



In addition, it's a much safer alternative to margin trading, and its benefits are




None of the liquidation events led to losing the whole trading account.


There is no requirement for margins or loans


Much simpler than margin trading.


The same fees apply as spot trading.



KuCoin Futures




This is where traders can gain the capability to trade a couple of margined contracts that have leverage as high as 100x. KuCoin offers support for more than fifty perpetual futures contracts and an extensive trading and analysis interface.



This exchange makes use of the weighted average price of other exchanges to calculate its underlying spot price.



Futures Brawl




The Futures Brawl is also a entertaining method to play an exciting game of chance in which players can win huge prizes. To play, all you have be able to do is bet on either short the price of Bitcoin.



The system will then match you with an opponent and you'll earn the benefits if you are successful. You are only able to take part in Futures Brawl once a day.



P2P Fiat Trading




This feature lets traders swap exchanges with other users. The moment is, KuCoin offers support for transactions made with BTC, ETH, USDT, KCS, and USDC.



P2P Fiat Trading supports a vast range of currencies as well a range of payment methods. Users must perform the KYC verification for their KuCoin account prior to making use of it.



KuCoin Fast Buy




The Fast Buy option is the best method of purchasing crypto on KuCoin. This platform offers support for more than 70 payment methods that allow for purchases that do not require the complexity of the trading platform.



KuCoin offers a minimal fee on each purchase. the amount varies based on the transaction.



KuCoin Trading Bots




The exchange also offers different trading robots that traders can get an advantage.


These bots are capable of shifting portfolios of trading, performing trades, and implementing DCA strategies to ease the lives of traders.



KuCoin App








Similar to many other major crypto exchanges KuCoin offers an excellent mobile application. This app offers the same functionality of the primary exchange however, at a smartphone level.




KuCoin application has received great reviews in both Google Play Store and Apple App Store as well as more than 120k combined downloads. The app is simple design and a unique interface that facilitates easy navigation.




KuCoin Fees




Similar to exchanges like Binance or FTX, KuCoin also comes with a tiered cost model. The exchange is very low in charges, and can vary significantly based on trading number over the period of 30 calendar days.



The standard fee rate is 0.1 percentage for takers and makers. This value can be taken by traders who opt to pay for their fees using the native KCS token.



The lending rate of futures on KuCoin can be adjusted in order to adjust for the relative funding rates. In this way, traders are able to make the loan rate gap between the base and quote currencies between 0.030% to zero.



This allows the fee for funding that is associated with the per-fortune futures contracts of KuCoin to fall to 0. KuCoin's futures funding hours KuCoin comprise of 04:00, 12:00, and 20:00 UTC.



KuCoin Deposit/Withdrawals




Crypto deposits on KuCoin are absolutely free while crypto withdrawal fees vary depending on the network and the crypto token. Traders can make use of more than 50 fiat currencies and more than 70 payment options through third-party platforms to buy crypto.




These platforms from third parties can charge anywhere from 1% to 6.6%, based on what the product, method and party. It is not possible to trade or withdraw fiat currencies however, they can buy crypto with fiat for fees.



KuCoin Security




Traders won't have any worries about their financial security online since KuCoin utilizes cold storage technology. KuCoin has enlisted the help to Onchain Custodian to offer their customers the highest level of security.



Additionally, KuCoin also offers insurance protection in the unfortunate case of hacking.



One thing we have to mention here is that KuCoin has been the victim of one the most serious hacks of the crypto industry when hackers managed remove $275 million the funds of customers.



The good news is that each dollar of trader's money was reimbursed by KuCoin, and they also increased the security measures they have implemented since then.



Here are some security features included with KuCoin.




Implementation of cold storage


Two-factor authentication


Security questions concerning security


Security phrase to protect against phishing


Secure login security phrase


The need for a strong password for trading


Mobile verification


Email notifications


Deny or whitelist the login IP addresses



Design and Usability




If you're planning to get acquainted with the KuCoin exchangeplatform, you'll need a bit of a learning process to follow. The sophisticated features and well-organized UI of KuCoin exchange make it clear that it's perfect for experienced traders.



All the data you require is available on the main interface traders can navigate the platform using this. The dashboard's main screen is comprised of,




Order placing window


The markets window


Order book


Recent trades window



Open orders, stop orders


Order the past








Investors can also choose to switch between the lite version as well as the traditional versions of the UI. The lite version is more simple and the classic version comes with more sophisticated trading capabilities.



KuCoin Token KCS




The KCS token is the sole utility token for the KuCoin blockchain. The tokens can be useful to KuCoin traders as they are useful for,




Receipt of daily bonuses


To receive trading fee discounts


Get access to the spotlight projects


Special access KCS Holder-exclusive offers


KCS token Staking benefits



Customer Support




Customer support is an aspect that KuCoin could improve upon. Response times to customer support aren't great however, so you could be blocked on a waiting-list for some time.



In the live chat feature KuCoin employs a chatbot called Emilia that does not function like one might think. To connect with a member Support, first you'll have to deal with Emilia. The only good thing about KuCoin customer support is its robust self-help department that includes great pieces.



Conclusion




If you're looking for crypto-currency platforms that come with strong and top-of the-line features, KuCoin is unbeatable. KuCoin offers a range of trading capabilities and benefits, as well as the opportunity to participate in crypto in a game-like manner.



In spite of their less than stellar customer support and inability in cashing out, KuCoin achieved to be among the top five cryptocurrency exchanges. This proves the quality of the other services that they provide is in line with the competition as well as providing a pleasant trading environment.



The choice of whether to use KuCoin or not is entirely in your own hands. Use the information provides here as basis of your research and then come to a definite conclusion.



FAQs




What is KuCoin?



KuCoin is one of the most popular cryptocurrency exchanges. What's great about it is its ability to discover and offer support for the most rare altcoins, before an exchange.





Is KuCoin reliable?



While KuCoin holds a place in the top five crypto exchanges list but it's not internationally licensed. It is therefore one of the least reliable exchanges.





Is KuCoin superior to Binance?



Binance is licensed and properly regulated. While KuCoin has better altcoin and support Binance tops it all in other aspect.














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