KuCoin Review – An In-Depth
KuCoin is a cryptocurrency exchange application that has operated for over 200 centuries. If you want a cryptocurrency exchange application, look at this KuCoin review.
It is an extensive cryptocurrency exchange application that offers to buy, sell, and trade crypto currencies. Plus, this platform provides peer-to-peer trading and margin features. Users can choose to lend or stake their crypto to earn rewards. However, this application offers low trading fees and attractive options.
In the way of KuCoin Review, we need to start with pros and cons, company review, trading experience and more. So, let’s go down.
Pros And Cons
|Ability to earn interest in crypto.
|Not licensed in the U.S.
|Wide selection of cryptocurrencies.
|Poor user reviews.
About The Company
KuCoin launched in 2017. This crypto exchange application is headquartered in Seychelles. Since its founding, it has become the leather crypto exchange platform globally. You may be amazed to know that KuCoin now has over 20 million users.
However, 200 countries have used this platform to get the best result. However, American citizens can sign up for this application and access a few limited features because America does not give the licensed cooperate this platform in America.
However, there are some complications, like U.S regulators decide to crack down on KuCoin, though you might not be able to withdraw your assets.
According to the users, “KuCoin had significant exposure to FTX. KuCoin CEO Johnny Lyu assured users that it had no exposure and wasn’t connected to FTX in any way. In light of those events, KuCoin released a Proof of Reserves like other crypto exchanges to solidify user trust.”
KuCoin offers more than 700 cryptocurrencies for users to buy, sell and trade. If you are looking for a wide range of trading options, KuCoin is the best choice. Here is the list of cryptocurrencies that are currently offered by kuCoin:
- Bitcoin (BTC)
- Dogecoin (DOGE)
- Ethereum (ETH)
- Polkadot (DOT)
- Shiba Inu (SHIB)
- XRP (XRP)
This part of this article is the most critical section. Here, we are going to mention the experience of KuCoin users. This application is available for both types of device. Mobile and desktop users can easily use it.
Don’t think that they are different in terms of features. According to the users, both versions of kucoin are amazing in terms of tools and features.
“Once logged in on desktop or mobile, KuCoin users can click to view markets, buy crypto, trade, lend crypto, and more. The platform supports four order types—market, limit, stop-limit, and stop-market. Margin, futures, and P2P trading are also available, which could be a plus for certain users.”
On this note, KuCoin supports Trading bot feature and staking. However, with this process, the trading becomes easy to understand to the users. However, this exchange has many options. The company claimed that this platform is based on robots. It helps by giving answers to the users common questions.
Opening An Account
Do you want to open an account in KuCoin? Yes, don’t worry, opening an account in KuCoin. The signup process takes a few minutes. In this princess, you must first type KuCoin official website in Google search bar.
Click the “sign up” on the home page. Next you need to put down your phone number and email address. You will get a verification code. Put that code and password.
Your account is now ready. You can start trading through KuCoin. After this process, you can select the KYC verification process. It will give you the space where you can withdraw high limits. This application offers both advanced and basic KYC verifications.
Frequently Asked Questions(FAQs):-
Here are the few questions you must go through at the end of this article. See many people have researched it or used it. They asked frequent questions over the internet. We have jotted down those questions here for better understanding.
Q1. Is Kucoin Safe?
This crypto trading platform offers standard security measures, including users identity verification, anti-phishing phrases and trading passwords. However, American citizens need to be aware that due to the limitation of using, KuCoin asks for complete KYC verification.
However, American citizenship accounts may not be secure as international accounts.
Q2. Who Is Kucoin Owned By?
Johnny Lyu is CEO of KuCoin. He is the co-founder and CEO of KuCoin. It becomes global using Crypto exchange platforms. Its over than 8 million registered prove that the KuCounplatfirm is safe to use. 207 countries use this platform worldwide.
Q3. Is KuCoin Legal?
This is the most common question that people have asked. When we use any cryptocurrency application, we must have this question: is the application safe or not?
KuCoin is legal. However, this application has not passed in the United States regarding licence.
This is the KuCoin Review. We have discussed everything about KuCoin. Now, let us know what do you think about this platform?
If you have already used this application, please share your experience in the comment sections. You can visit our website to get more info on other cryptocurrency platforms.