A cryptocurrency exchange is a website where you can buy, sell or trade crypto for other virtual money or fiat currencies like the US dollar. Different exchanges have different rules depending on the crypto you want to trade and the country where you live.
Cryptocurrency exchanges are a great way to quickly swap one crypto for another if you need the money immediately. For example, if you want to cash out some of your bitcoin holdings and put them into a more stable currency like Ethereum.
They’re also helpful for people who want to avoid buying cryptocurrencies directly from one another. It’s safer than meeting up in person to exchange cash for bitcoins because there’s no worry that scammers will take off your money and leave you with nothing.
Exploring Kucoin Exchange
KuCoin is a cryptocurrency exchange, which means it’s an online service that allows you to trade your “fiat” money (dollars, euros, yen, etc.). Traders can exchange it for different types of cryptocurrencies, the most popular of which are Bitcoin and Ethereum.
However, trading is only one of many features available on the platform. KuCoin also provides users with a wallet so they can store their cryptocurrency. This is important because cryptocurrencies are notoriously volatile, so you need somewhere to keep them when you’re not actively trading them.
KuCoin has three main selling points: security, convenience, and additional services. The website claims customers’ cryptocurrencies are stored in an encrypted offline vault to prevent theft. Customer support is available 24/7, which makes sense given how volatile and new the mainstream cryptocurrencies are.
It has many more coins available for the trade than most other exchanges, which helps people diversify their portfolios and get involved with interesting projects earlier than on some other platforms.
Kucoin Exchange Features
KuCoin is a new exchange with a lot of cool features.
Kucoin is a speedy-growing crypto exchange. It supports many crypto assets, and its community is increasing daily. One of the key features of kucoin is that it allows you to use multiple pairs for trading.
The KuCoin exchange has added support for five new cryptocurrencies, including BCHSV, ANON, MTH, ZIL, and XRP. These coins are to the platform’s trading pairs with BTC, ETH, KCS, and USDT. Users can now trade for these coins with other cryptocurrencies on the KuCoin exchange.
The cryptocurrency exchange Kucoin also caters to Shib coin, which significantly impacts the SHIB price. This is a big step for the currency that aims to make cross-border payments more accessible and affordable.
The best part about KuCoin is that there are no fees for depositing coins into your account, but there is a .1% fee when you withdraw from it. It makes trading a lot easier because you don’t have to worry about paying withdrawal fees every time you buy or sell something. So you’re free to spend more time looking at charts and worrying less about withdrawing your profits into fiat currency.
KuCoin shares 90% of its trading fee with users who hold KCS tokens in their accounts. So if you pay $1 for an altcoin, you will receive 90 cents worth of that coin. It is an excellent way to increase your holdings.
The trading fees vary depending on the coin you are buying or selling: Bitcoin: 0.1% Ethereum: 0.1%, Litecoin: 0%, NEO: 0.1%. The USTC price for trading is 0.1% buy and sell. Some of the pairs available include ETH, BTC, and USDT.
KuCoin offers very low fees compared to other exchanges like Binance (0.1%) or GDAX (0.3%).
There is no deposit fee, but you will have to pay out your gas if you want to move your coins off the exchange into your wallet once they have been purchased.
There’s also no fee for adding funds from your card or another cryptocurrency exchange, which is nice if you don’t have access to PayPal or want to transfer in BTC directly from an exchange like Binance.
KuCoin also has 24/7 customer support and fast processing times for withdrawals. If there’s a problem with your transaction, Kucoin will help you solve it as soon as possible.
You can submit a support ticket in the “Help” section of the website and receive an answer within 24 hours. The support team is polite and will help you with trading on Kucoin. They also have a live chat where you can get an answer immediately.
Support is open 24/7 and offers many languages: English, Spanish, French, Russian, Chinese, Japanese, Korean, and Portuguese.
Mobile Supported App
It also offers users a mobile app for iOS and Android and two-factor authentication.
The platform’s primary language is English, but it can be used in several other languages, including Chinese, Korean, French, German, Spanish, Russian, Turkish, Filipino, and Japanese.
Other Features are:
- It has a built-in wallet, and making an account is effortless, which is nice because the registration process on other exchanges can be confusing.
- Their interface is easy to use, and you can download their app for your phone or tablet.
- It features a KuCoin bonus scheme and a referral program (for both the bonus scheme and trading fees).
Cloud Mining Services
KuCoin is one website where you can buy cloud mining contracts. They’ve got plenty of information about their services available on their homepage, such as how much they charge and what different kinds of contracts they offer.