The rising popularity of crypto trading is also accompanied by some serious concerns, and security is one of the most critical concerns among these. Most crypto users doubt the safety and security of their accounts and suspect that their investments may get wasted due to cyber attacks. Therefore, security is one of the most wanted features among crypto traders to save their investments and make transactions in a risk-free environment.
KuCoin is one of the safest crypto trading platforms, and securing users’ accounts is its top priority. Moreover, it covers more than 200 countries, which makes it competitive within the market.
Are you interested in starting crypto trading with KuCoin? Keep reading.
Table of Contents
What is KuCoin?
KuCoin is one of the safest and most trusted crypto trading platforms with unique and advanced security features.
Whether you are a novice in crypto trading or a professional crypto trader, this platform will turn out to be your best partner.
It not only offers a competitive product range, but it also offers a wide range of cryptocurrencies and keeps on adding more.
What Type of Products Does KuCoin Offer?
KuCoin offers a wide variety of products, considering the needs and preferences of varying types of customers.
Spot trading is one of the simplest types of trading in cryptocurrency. KuCoin offers a robust set of tools to facilitate all its users to do spot trading in their favourite coins and earn handsome profits.
In addition to trading, the platform gives full coverage to all users interested in buying cryptos from this platform.
All you have to do is select the crypto you want to buy and choose the currency and payment method according to your choice.
All of you who are interested in doing futures trading must pay attention to KuCoin because it is one of the best crypto exchanges to trade futures.
You can rely on it for futures trading due to its decent accumulated number of traders, transaction volume, and futures contracts.
KuCoin Earn is another fantastic product offered on this platform. This product allows you to earn reliable profits with professional and adequate asset management.
It has categorised the coins into low-risk and high-profit coins and gives users a choice to choose the coin that suits them.
Some other competitive offerings of this product that enable its users to maintain a decent profit in their accounts are savings, staking, promotions, ETH staking, KCS bonuses, crypto lending, KuCoin Wealth, Polkadot, Spotlight, and burning drop.
If you are a new crypto trader, this KuCoin trading bot is for you. It offers a valuable and powerful set of tools that automate most trading functions for you and simplify the entire trading process.
Starting trade with KuCoin is very simple, and you can do it by following three simple steps. First, you must select the strategy, invest funds, and start earning.
In case you still need clarification about how to use this bot, then the platform has also offered tips to earn a stable amount in a volatile crypto market by using this trading bot.
Margin trading is another good way to earn through cryptos. KuCoin is a reliable platform for margin trading as well.
This platform allows you to easily borrow, trade, repay, and leverage your assets via margin trading.
Halo Wallet is another unique product offered by this platform. Halo Wallet is a self-custody wallet that helps you discover the latest trends in the crypto market, invest in the most suitable coin, and start earning.
Some of the competitive offerings of this wallet are buying cryptos quickly, making multi-chain swaps at the best rate, tracking the DeFi portfolio, and acquiring complete control of your personal data and private keys.
KuCoin also offers leveraged tokens for those not interested in managing margin requirements.
The KuCoin leveraged tokens enable you to enhance your leverage without liquidation or loans. You can improve your investment returns by buying and selling leveraged tokens.
Why Consider KuCoin – Best Features
Every one out of four crypto traders prefers KuCoin over other platforms. KuCoin is gaining popularity and has an expansive customer base due to the following features.
Advanced Security Features
The most fantastic feature of this platform is that it is one of the safest crypto exchanges trusted worldwide.
With its industry-leading storage and encryption systems, it guarantees that all of your assets are secure.
Moreover, the platform conforms with all international security standards and practices to keep your account safe.
You do not have to worry about any cyber attack as its secure design foundation allows you to detect such activity spontaneously.
PoR asset transparency enables you to prove the custody of your crypto assets, thus ensuring that KuCoin has funds containing all users’ assets.
In addition to advanced security features, the APIs of this platform are very progressive, as the API key of this platform needs a passphrase to work.
Moreover, you have to go through a series of verification steps to use these APIs, the purpose of which is again to provide you ultimate security.
Varying Orders Type
Another fantastic feature is a wide variety of order types so the traders can access every trading tool and scenario.
The order types include Stop, Limit, Stop, Post Only, and more. In other words, the platform provides everything you need to make your crypto trading profitable.
KuCoin App provides the convenience of trading anywhere, anytime. You can download this app easily and enjoy crypto trading in your favourite currency.
24/7 Customer Service
KuCoin never leaves any of your queries. You can contact the customer support unit anytime, anywhere.
If you need the required guidance through the customer support unit, you can always join the KuCoin community. This community has millions of users belonging to more than 200 countries.
Moreover, the community supports more than 20 languages so that no matter which language you speak or understand, you can fully harness the benefits of this platform.
How to Start Trading at KuCoin?
The platform has been designed for all kinds of traders. Both beginners and professionals can equally benefit from this platform.
If you are new to KuCoin and need to learn how to start trading, follow the simple steps below.
Click the trade button after logging in to the official website of KuCoin and select spot trading.
After doing this, you now have to select the trading pair in which you want to trade. KuCoin offers you various markets like Bitcoins(BTC), Stable Coins(USDⓈ), KuCoin Token, and varying types of AltCoins, including TRX, ETH, and many other options. For example, if you want to buy KCS via BTC, click on KCS/BTC pair.
Once you have decided on the trading pair, the next step is to enter your 6-digit password to place an order. To ensure your security, you must enter your password once every two hours.
In the next step, you have to define the order type. After this, you must provide the order with relevant details like price and amount and then click the sell or buy button accordingly.
Congratulations, you have placed your first order; you will see your order in the open orders section. Once filled, it will be removed from the trade and order history sections.
What Types of Exchanges Does It Support?
KuCoin supports more than 700 coins, a wide range, so you do not have to go anywhere to trade in your favourite coin. The coins supported by this platform are:
Moreover, the platform promises to keep adding new exchanges to offer all up-to-date ones.
What is the Fee Structure of KuCoin?
The trading fee of KuCoin is comparatively less than that of its competitors. It offers a tier model, and the fee is estimated based on the tier level.
The KuCoin fees are applicable in the following instances.
To calculate the spot trading fees, the coins are divided into three classes, i.e., A, B, and C. The fee may vary in the case of every class.
Moreover, the formula to calculate the fee in all classes uses a base currency of trading pair like KCS/ETH and KCS/BTC. On the other hand, in the case of KCS/USDT, fees are estimated using KCS.
The futures’ fee rate is subjected to one of the corresponding classes. For instance, in the case of ETHUSDTM and XBTUSDTM, the fee rate is based on Class A
There are no deposit fees on this platform. However, the withdrawal fee rate depends on the coin you trade-in.
What Customers Say About It – Customer Reviews
The KuCoin users have posted reviews of this crypto trading platform on third-party websites, including Capterra, TrustPilot, G2, and Crypto Insider.
The customers have posted mixed reviews about this platform. Some users have indicated that the platform offers a wide variety of coins that are usually unavailable across other platforms. Moreover, its advanced security features make your account completely safe and secure.
On the other hand, some other customers have highlighted that its user interface could be more challenging and easier to understand. Sometimes, the platform’s speed is also meagre. Customer service needs to be better and is inactive in many instances.
Is It Legit – Pros & Cons
- Offers advanced security features
- Supports a wide variety of coins
- Low transaction fees
- Mobile app facilitates customers to trade from anywhere at any time
- Covers more than 200 countries
- Telephonic support is missing
- Customer service is not active
What Are the Alternatives to KuCoin?
After reading this KuCoin review, is it not suitable for you? If that is the case, do not worry. Check out the following alternatives of KuCoin.
The comparative picture has been presented based on the customer reviews posted on G2.
KuCoin Vs Binance
Binance is a perfect choice for those who want an all-in-one solution, as it is one of the leading crypto trading software and works well worldwide.
According to users, Binance is better than KuCoin in meeting users’ requirements, offering timely customer services, and providing a user-friendly interface.
KuCoin Vs Coinbase Exchange
Coinbase can be the best trading partner for those who want to try new coins like Ethereum and Litecoin. Moreover, reviews indicate it is better than KuCoin due to its effective and timely customer service, good useability, and capability to meet varying client’s needs.
KuCoin Vs Uphold
Uphold is a comparatively expensive option suitable for those who want to exchange between fiat and cryptocurrencies as it offers better services.
Additionally, its customer service and useability are better than KuCoin; therefore, it is considered an excellent alternative to KuCoin despite its expense.
Frequently Asked Questions (FAQs)
Is KuCoin safe?
Yes, KuCoin is a completely safe and trustworthy platform, providing its users with the most advanced security features using the latest security technologies.
Can I start trading with $1?
KuCoin offers a wide range of trading and investment options to facilitate every kind of user, no matter how much money they have to get started with crypto trading.
Is there any exchange limit between crypto and fiat?
No, there is no exchange limit, and you can exchange between the two options without any restrictions and enjoy a seamless exchange experience.
To conclude, the KuCoin review has revealed that KuCoin is one of the safest and most trustworthy platforms for crypto trading. Therefore, users who prefer security must pay attention to this platform.
In addition, the platform has lower fees than other platforms and offers a wide range of products that provide users with all the tools and resources required to perform crypto trading.