Here is everything you should know about KuCoin before investing:
What is KuCoin?
KuCoin is known as one of the most popular types of cryptocurrency exchange platforms that allows users to conduct all types of cryptocurrency operations with various digital assets. It was first launched in August 2017 and is extremely user-friendly while providing members the ability to crypto exchange more than 200 different cryptocurrencies in more than 400 different crypto trading markets.
This platform is designed to offer bank-level security features, beginner-friendly UX, a slick interface, and a wide array of crypto services. Included in these cryptocurrency services are margin and Kucoin futures trading, and members can buy crypto with a debit or credit card. The Spotlight IEO platform is equipped with a KuCoin P2P exchange, low fees, instant exchange services, and many other amazing abilities.
One of the most well-liked features that we found after conducting extensive research for this Kucoin review is that it lists small-cap cryptocurrencies that show amazing upside potential, lesser-known cryptos, a massive selection of coins, and incredibly generous profit-sharing incentives (up to 90 percent of Kucoin fees go back to the community through the implementation of KuCoin Shares (KCS).
Can the US Use It?
Yes, when using this platform, individuals in the US can conduct buy and sell crypto with fiat currencies from many different exchanges in the world. These include USD, EUR, AUD, GBP, CAD, CNY, and more. It supports this fiat to crypto using P2P fiat trading and can facilitate purchasing for BTC, ETH, and many different trading pairs.
Can You Withdraw Money from KuCoin?
This platform offers users effective services for deposits and withdrawals. However, the transaction processing time depends on the specific asset’s blockchain. Nonetheless, this is typically executed within one hour and can reach member’s micro withdrawal wallets in two to three hours.
What Are the Margin Trading Fees for These Cryptocurrency Exchanges?
The KuCoin platform is equipped with the lowest fees 0.1 among many altcoin exchanges. This trading fee structure straightforward and applies a fixed 0.1 percent fee for every deal.
These costs typically decrease depending on KuCoin users’ 30-day trading volume. This trade volume is taken into account for futures and other BTC low trading activities. Additionally, small withdrawal fees are charged but depositing money doesn’t come with any fees. KuCoin is one of the cheapest options to choose when you buy or sell cryptocurrencies.
Is KuCoin Better Than Binance? Our KuCoin Review
Many factors make KuCoin a better option. One of these benefits is that users have access to a KCS account and can conduct trading KuCoin and other more popular and lesser-known currencies. The website also offers multilayer encryption security measures while customer support is unmatched.
The payment methods also facilitate many different options for members. Furthermore, this site also includes an internal risk department for members when they made a trade with up to 10x leverage. The mobile app is convenient and available for Android and iOS, which makes earning passive income more accessible.