Kucoin

Kucoin cryptocurrency exchange review

The centralised crypto exchange is ranked among the most reliable trading venues due to its liquidity, traffic volume, legitimacy of transaction data, and daily trading volume. The list of assets contains over 350 types of cryptocurrencies.

History

Chinese expert Michael Gan founded the Kucoin crypto exchange in 2013 with a team of associates. The project was developed over four years under the auspices of Hong Kong. As of September 2017, the trading platform is re-registered in the Seychelles and is not controlled by official authorities.

Services

In addition to spot and margin trading, the exchange can also engage in:

  • P2P exchanges.
  • Conducting derivatives transactions.
  • Lending cryptocurrencies.
  • Buying tokens quickly with fiat money.
  • Investing.

Bonuses

KuCoin’s loyal customers enjoy special offers:

  1. Referral program.
  2. Rewards for completing tasks and participation in contests.
  3. Incentives for purchasing and storing KCS tokens.

KuCoin Token holders have a chance to earn profits, distributed daily from half of the exchange commissions. The amount paid out depends on the number of tokens held.

Trading Spot

Spot trading involves the immediate purchase or sale of coins at the current or forecasted price. All types of orders are used. For limit and stop-limit orders there is an advanced mode with settings.

KuCoin exchange

Margin

Access to leveraged transactions is granted after you complete four mandatory actions:

  1. A transfer of funds to the appropriate account.
  2. Borrowing money or coins from the financing market.
  3. Submitting an application to buy or sell assets.
  4. Repayment of the borrowed money with interest accrued at the end of the transaction.

Leverage on the margin market is up to 10.

P2P

Buying cryptocurrencies for fiat money (over 100 variants) takes place using P2P services and popular payment systems.

Derivatives

In 2019, the crypto exchange was expanded with the KuMEX platform to enter into perpetual futures contracts:

  • USDT-M (USDT base), provides a choice of 20 cryptocurrencies.
  • Coin-M (in Bitcoins), allows futures transactions in BTC, XRP, DOT and ETH.

Lending

An in-house loan service created to simplify the process of borrowing the main coins in use at a certain interest rate.

Stacking

Profit from coin storage based on the PoS algorithm and using Pool-X project with more than 15 stacking tools and the ability to use deposited tokens in exchange transactions.

Security

KuCoin demonstrates reliability in terms of depositing funds. Individual accounts are provided for protection:

  • Authorisation on the website by entering a username and password.
  • Two-step verification.
  • Confirmation of transactions with a trading password.
  • Anti-phishing security phrase.

Setting up and applying the above methods provides maximum protection against unauthorised access.