KuCoin Review | Is it Safe or Legit?

To be precise, KuCoin is an easy to use, safe, and secure crypto exchange with features such as futures trading, margin trading, trading bot, lending, etc. Think reading the entire article is too much? Here’s a brief KuCoin review to help you out:

Spot/ Margin/ FuturesAvailable
Maker Fee0.10%
Taker Fees0.10%
Sign-up BonusUPTO $500 USDT
Crypto LendingUPTO 300% USDT APR
Buy CryptoCredit/ Debit Cards Supported
SupportDecent
AppAndroid, iOS
Trading Botin-built KuCoin bot
TokenKCS Discount token

Summary (TL; DR)

  • KuCoin has around 5 million users from 200 countries.
  • Further, it has over 200 cryptocurrencies and more than 400 markets.
  • It allows users to earn crypto by lending or staking through its Pool-X. 
  • This platform comes under those with the lowest fees in the market.
  • They have their coin Kucoin Shares (KCS) tokens.
  • The platform has 24/7 customer services support. It’s an additional impressive benefit.
  • It allows you to trade anonymously. However, by verifying your account, you will be able to use and enjoy more features. 
  • The platform efficiently works well on desktop computers, Android, and iOS. 

What is KuCoin?

KuCoin is a safe and easy-to-use cryptocurrency exchange platform for the global audience to trade crypto assets. Furthermore, the platform is based in Seychelles and the founding members are experienced in running projects such as Ant Financial and iBox PAY.

Kucoin is often called “The People Exchange.” The platform offers various features such as trading bot, margin trading, futures trading, lending, etc. Furthermore, according to the platform 1 out of 4 HODLers globally use KuCoin;

Kucoin has its cryptocurrency, Kucoin Shares (KSC). If you hold KSC coins, you will get an impressive discount on trading fees and earn more crypto. Furthermore, according to CoinMarketCap, KuCoin is among the top 10 crypto exchanges in the world.

Kucoin Interface
Kucoin Interface

KuCoin Review: Core Features

We told you earlier about the advanced features of KuCoin, and now we talk about the various other parts of this platform. If you are still wondering whether KuCoin is the right choice or not, then take a look at some of KuCoin’s core features to get your question clarified.

  • User-Friendly and Interactive Platform – KuCoin’s interface has a contemporary design where traders can enjoy the fun of robust trading. This feature will make trading even more enjoyable for you.
  • Efficient Engine – It can handle millions of transactions per second (TPS).
  • Advanced-level Charting – You can look for exciting and advanced charts on Kucoin for a more in-depth understanding of your trading strategy. KuCoin uses TradingView Charts which have indicators too, with the help of which you can reach a decision. 
  • Order Types: Kucoin offers limit, post-only, stop, market, and iceberg orders. 
  • Non-custodial Trading : In Cooperation with Arwen, KuCoin now supports the trader to opt for non-custodial trading directly from their wallet to ramp up their crypto security. If you opt for Non-Custodial trading, exchange platforms don’t have custody over your money. On Kucoin, you as a trader will have complete ownership and responsibility for your money. 

As rightly said, “Not your keys, Not your Crypto”.

KuCoin lets you download a private key file or a mnemonic phrase. To protect your coins, Arwen uses the blockchain itself as an escrow agent and does not entrust a third-party authority.

KuCoin Charts
KuCoin Charts

KuCoin Review: Products

Margin Trading: The margin trading feature wasn’t available until November 2019. Using this feature, investors and traders can use other users’ funds on Kucoin to gain a higher capital amount. This allows them to leverage positions. On Kucoin margin trading, there are 15 cryptocurrencies like KCS, ETH, and BTC are available. 

  • Futures Trading: KuCoin officially launched Futures trading in July 2019. It was previously called KuMEX, and its other name is contract trading. With this service, users buy and sell future standardized contracts of financial assets. According to this service, the buyer buys assets at a particular price and specified time (Delivery date) in the future. In contrast, the sellers will have to deliver the asset at that specific price and time.
  • OTC Trading Desk: In July 2019, KuCoin officially launched OTC Trading Desk that is the Over-The-Counter Trading Desk. Under this service, traders can execute larger trades with specific prices without causing any fluctuation in the price of that crypto. It allows users to purchase USDT, BTC directly, and other cryptocurrencies using CAD, IDR, VND, and CNY. KYC is compulsory to start OTC trading.
  • Lending: The lending platform at KuCoin allows customers to lend cryptocurrencies to other users while earning decent interest on their crypto. Here’s a brief overview of lending on KuCoin.
Kucoin Lending