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Kucoin Review 2021: Pros,Cons and more, Is Kucoin Safe?

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Hi, And Welcome to my Kucoin Review, Do you think Kucoin is Safe? In this article you will be enlightened about the Pros and Cons of this Coin.

What is Kucoin

KuCoin lets you buy, sell, and store a wide range of cryptocurrencies. It has a web interface as well as a popular mobile cryptocurrency app. You can buy KuCoin’s native token (KCS) to reduce fees and earn rewards. The account verification process is optional, so people can trade crypto with just an email address.

KuCoin Review

KuCoin is a well-known name in the crypto industry as it managed to establish itself as a prominent one-stop shop for all sorts of crypto operations. Launched in August 2017, the exchange has over 200 cryptocurrencies, more than 400 markets, and has grown into one of the most colorful crypto hubs online.

It offers bank-level security, slick interface, beginner-friendly UX, and a wide range of crypto services:

Margin and futures trading, a built-in P2P exchange, ability to buy crypto using a credit or debit card, instant-exchange services, ability to earn crypto by lending or staking via its Pool-X, opportunity to participate in fresh initial exchange offerings (IEOs) via KuCoin Spotlight, some of the lowest fees in the market, and much more!

Investors like KuCoin due to its tendency to list small-cap cryptocurrencies with tremendous upside potential, a large selection of coins, lesser-known cryptos, and generous profit-sharing incentives – up to 90% of trading fees go back to the KuCoin community through its KuCoin Shares (KCS) tokens.

Best For

  • Beginners and experienced traders
  • Investors seeking a wide selection of tokens, including newer, smaller projects
  • Investors experimenting with tools like trading bots, lending and futures trading

Kucoin General info

Web address: KuCoin

Support contact: Link

Main location: Seychelles

Daily volume: 47739 BTC

Mobile app available: Yes

Is decentralized: No

Parent Company: Mek Global Limited

Transfer types: Credit Card, Debit Card, Crypto Transfer

Supported fiat: USD, EUR, GBP, AUD +

Supported pairs: 456

Has token: KCS

Fees: Very Low (Compare rates)

Kucoin Pros

  • Low trading and withdrawal fees
  • User-friendly exchange
  • Vast selection of altcoins
  • 24/7 customer support
  • Ability to buy crypto with fiat
  • No forced KYC checks
  • Ability to stake and earn crypto yields

Kucoin Cons

  • No fiat trading pairs
  • No bank deposits
  • May appear complicated for newbies.

KuCoin features include:

Buy and sell 200 cryptocurrencies with low fees worldwide. As one of the top cryptocurrency exchanges, KuCoin supports a wide variety of crypto assets. In addition to the bonuses and discounts, it charges a 0.1% fee per trade and even small fees for futures trading.

Buy crypto with top fiat currencies, including USD, EUR, CNY, GBP, CAD, AUD, and many more. KuCoin lets you buy cryptocurrencies with fiat using its P2P fiat trade, credit or debit card via Simplex, Banxa, or PayMIR, or its Fast Buy service, which facilitates IDR, VND, and CNY purchases of Bitcoin (BTC) or Tether (USDT).

Excellent customer support service that can be contacted 24/7 via its website, email, ticketing system, and other channels.

Bank-level asset security. KuCoin uses many security measures, including micro-withdrawal wallets, industry-level multilayer encryption, dynamic multifactor authentication, and dedicated internal risk control departments which oversee day-to-day data operations according to strict security standards.

KuCoin Futures and Margin Trading. Long or short your favorite cryptocurrencies with up to 100x leverage!

Earn cryptocurrency. Check out KuCoin’s crypto lending, staking, soft staking, and KuCoin Shares (KCS) bonus on how you can put your cryptocurrencies at work to generate yield.

Intuitive and beginner-friendly platform. Excellent design and the robust trading platform make trading easy and enjoyable for everyone.

Non-custodial trading. In case you’re interested in ramping up your crypto security, KuCoin supports an ability for non-custodial trading directly from your private wallet, which is facilitated by Arwen.

Kucoin Ceo

KuCoin CEO Johnny Lyu on Building Bridges and Innovating at the Forefront of Cryptocurrency. As the CEO of top-ten cryptocurrency exchange KuCoin, Johnny Lyu occupies an enviable position.

 KuCoin Co-Founders

KuCoin Exchange, also known as “The People’s Exchange”, is a cryptocurrency exchange that is headquartered in Singapore.

The cryptocurrency exchange officially launched on September 15, 2017 and was founded in 2013 by Michael Gan, Eric Don, Top Lan, Kent Li, John Lee, Jack Zhu, and Linda Lin.

How KuCoin works

KuCoin lets you buy, sell, and store a wide range of cryptocurrencies. It has a web interface as well as a popular mobile cryptocurrency app. You can buy KuCoin’s native token (KCS) to reduce fees and earn rewards.

The account verification process is optional, so people can trade crypto with just an email address. However, as discussed above, if you want to use its advanced features, you’ll need to verify your account. And Americans can’t do this due to U.S. crypto regulations.

KuCoin offers both custodial and noncustodial services. That means you can either store your crypto assets directly on the KuCoin exchange, or connect a third-party wallet directly and trade from there. This is a great option for those who prefer to keep control of their crypto.

KuCoin also offers some less common features, such as trading bots, leverage, and margin.

Kucoin Fees overview

You can reduce the fees you pay on KuCoin by trading more or holding at least 1,000 KCS. The maker/taker fee starts at 0.1% and gets lower as you level up. Your fees will be reduced further if you opt to pay in KCS.

Even the highest fee of 0.1% is lower than you’d get at many major exchanges. However, you also need to factor in the deposit and withdrawal fees.

KuCoin says it is free to make deposits. That’s true if you’re depositing crypto, but you’ll need to pay to put fiat (traditional) money into your account.

KuCoin has connected with several third-party services, and it calculates the best deal depending on how much you deposit and how you want to pay.

For example, to convert U.S. dollars into USDT, the fees can be anything from 1% to 3% by card. The fee with Google Pay was around $15 for deposits of less than $500 at the time of this writing.

Withdrawal fees vary by cryptocurrency.

KuCoin Mobile App

The KuCoin mobile app is another strength that the platform prides itself on. Almost all the functionality that is available in a top-tier desktop experience is available in a simple, aesthetically pleasing app. KuCoin’s app can be downloaded on the app store as well as Google Play, making it accessible to retail users.

KuCoin mobile separates its interface into five categories: Home, markets, trade, futures and assets. This allows for less clutter and an easier time getting to the page you need quickly and easily. Within each section, live data is displayed along with customizable charts in real-time.

Traders are able to see a live order book flow, recent trades and add different indicators to the chart such as moving averages, RSI and Bollinger bands. The same can’t be said for other crypto investing apps that only show a historical line of price action.

The home page provides a scrolling banner with promotions and freebie opportunities for traders as well as displaying the day’s top losers and gainers.There are often token airdrops and raffles for completing basic tasks within the app.

It’s engaging and incentivizes users to dabble in different trading adventures they might not usually try. Frankly, the mobile experience seems to host a better user experience than desktop because of its simplicity and ease of navigation.

Is Kucoin Safe?

Overall, most users agree that KuCoin is a safe and reliable platform.

Is Kicking Available in US?

Not licensed in the U.S.

The United States has strict regulations for cryptocurrency exchanges, and KuCoin is not licensed to operate in the states. If you live in the U.S, you may be tempted to use KuCoin without completing the KYC verification

How to Withdraw Kucoin to your Bank Account

What is withdraw: Withdraw, which means transfer tokens from KuCoin to other platforms, as the sending side–this transaction is a withdraw from KuCoin while it is a deposit for the receiving platform. For example, you can withdrawal BTC from KuCoin to other BTC wallets on other platforms, but you can’t transfer money to other platforms from KuCoin directly.

Holding account: We now support withdraw funds from Main/Futures(Just for several tokens for now) account directly( Click here to know each account’s function), so please make sure to hold your funds in the Main/Futures account, you need to transfer funds to the Main account via transfer function if you’re currently holding funds in other KuCoin accounts. You can click here to enter the KuCoin withdrawal page.

Get your account settings prepared: To make a withdraw, you need to enable “Phone Number+Trading Password” or “Email+Google 2fa+Trading Password”, all can be set/reset from the account security settings page.

Making a Withdrawal

 

Step 1:

Web:  Log in to your KuCoin account, then click – “Assets” – “Main Account(Deposit&Withdraw)” – “Withdraw” to enter the withdrawal page. You may type the token name in the search box, or scroll down and click on the token you want to withdraw.

App: Log in to your KuCoin account, then click “Assets” – “Withdraw” to enter the withdrawal page.

5.png Withdraw_page.png

Step 2:

Once you have selected the correct token, you will need to add the wallet address (composed of remark name and address) and amount. The Remark is optional. Then click “Confirm” to carry out the withdrawal.

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* Kindly reminder:

1. For tokens such as USDT that support different public chains, the system will identify the public chain automatically according to the address input.

2. If the balance is insufficient when conducting a withdrawal, it’s likely that your assets are stored in the trading account. Please transfer the assets to the main account first.

3. If the address shows that “Contain invalid or sensitive information” or is incorrect, please double-check the withdrawal address or contact online support for further check. For some tokens, we just support transfer them via a specific mainnet chain instead of ERC20 or BEP20 chain, such as DOCK, XMR, etc. Please do not transfer tokens via unsupported chains or addresses.

4. You can check the min withdrawal amount as well as the withdrawal fee on the withdrawal page.

Step 3: 

Input your trading password> E-mail verification code> Google 2FA code or SMS verification code to complete all the withdrawal steps.

withdraw3.png

Note: This review is on the basis of historical data and we are not responsible for any profit/loss.

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