bitcoinBTC/USD
$ 19,985.20
ethereumETH/USD
$ 1,142.00
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.46502
xrpXRP/USD
$ 0.32762
usd-coinUSDC/USD
$ 1.00

Here are 3 Reasons Why You Should Use KuCoin Exchange to Buy Cryptocurrency

KuCoin is a global exchange for cryptocurrencies that started operating in 2017. The platform enables trading in futures and margin products using an extensive selection of tokens. In addition, KuCoin is an attractive cryptocurrency exchange due to its low fees and extensive feature set.

KuCoin’s extensive features, low fees, and a wide variety of cryptocurrencies make it an ideal platform for experienced and even new cryptocurrency traders. However, KuCoin lacks an operating license in the United States, limiting its user base. Here are three reasons why you should use KuCoin.

What Is KuCoin?

In 2017, KuCoin began operations as a global cryptocurrency exchange. It has 10 million members and various trading options for those customers. This group includes spot trading, futures trading, peer-to-peer trading, margin trading, lending, and staking.

KuCoin asserts that it offers the industry’s highest level of security and a selection of approximately 400 different cryptocurrencies. It is designed to be user-friendly for novices, with a streamlined and straightforward interface, given the extensive number of capabilities it provides. In addition, the platform’s fees are among the lowest in the industry. KuCoin prioritizes the listing of lesser-known crypto tokens with significant expansion potential. It also gives users access to a huge number of tokens, some of which are not as well-known as other cryptocurrencies.

This exchange, KuCoin, is renowned for being one of the safest available, and it offers multiple security features to protect its users, including trading passwords, KYC verification, and 2-Factor Authentication (2FA).

KuCoin modernized its user interface by upgrading to Platform 2.0, resulting in the platform’s current appearance. The update added new features like advanced order types and a brand-new API. In the year 2020, KuCoin’s ecosystem will increase dramatically. The company’s most important accomplishments include launching its EARN Liquidity Trading Market and its one-stop exchange solution, KuCloud.

In addition, KuCoin announced in 2020 that its P2P cryptocurrency marketplace now supports PayPal transactions in addition to other, more efficient fiat currency payment methods. Due to its global growth, KuCoin is now available in almost every country and can be used in 17 languages.

3 Reasons Why You Should Use KuCoin

KuCoin is an excellent cryptocurrency exchange. But what makes it unique, and why should you use it? Continue reading below to learn more.

Advanced Features

A few unique features make KuCoin stand out from other cryptocurrency exchanges. It is one of the few cryptocurrency exchanges that allow US residents to open margin accounts. 

Customers can therefore borrow money and utilize their assets to increase the return on their investments. When dealing with an asset that is already hazardous and has a volatile history, margin boosts your capacity to take on risk. 

KuCoin members may lend to margin traders. Interest rates and terms vary by coin. Expectedly, crypto financing is risky. Even if the loans are secured, and the receiver must maintain a balance, asset price falls may cause unanticipated losses.

KuCoin may return lent coins when a user’s account falls below 97% of the amount borrowed. If KuCoin can’t fully refund you, their insurance should. Losses aren’t entirely protected under the exchange’s terms of service.

Users of KuCoin may pick from a wide variety of extra features. It’s up to you whether or not you choose to make use of them, though. Leverage is only recommended for experienced traders since it increases the volatility of an already volatile asset such as Bitcoin. Trading bots may also be used through KuCoin’s mobile app. Cryptocurrency trading bots can help you purchase and sell cryptocurrencies automatically.

You won’t have to worry about keeping an eye on the market when you’re away from your computer. Purchases meant to be maintained for an extended period have minimal influence on automated bots. Because of this, you need to know crypto trading bots’ strategies. Keep in mind that KuCoin also provides live trading charts like BTC/USDT and LUNC/USDT. You can get the latest price trending from there.

Top-Notch Security

Multiple safety features are available, as we’ve already discussed. One of these features is the trade password. On the exchange, the trade password is a brand-new feature that was just added.

This action was taken to protect your online visibility and digital assets. Users can create their own unique trade password, which they can then use to validate platform transactions, withdraw assets, and construct APIs, among other things.

The KuCoin exchange started using the “Know Your Customer” (KYC) method in November 2018 to protect its customers’ money when they do financial transactions on the platform.

As indicated in the User Identity Authentication Statement, KuCoin users must disclose their personal information to comply with industry standards. This was done to stop the website from being used for money laundering and other types of fraud.

In addition, there is a maximum daily withdrawal restriction of 3,000 BTC for KYC-certified users. In order to raise their daily withdrawal limit, users must meet both KYC1 and KYC2 verification standards.

Moreover, KuCoin strongly recommends two-factor authentication to enhance the safety and security of your account. The system additionally employs Google Authenticator as an additional layer of security to protect your account and deter theft.

The KuCoin website and mobile app are now compatible with Google Authenticator. Users must enter a code sent to their phone to log in or perform a transaction. Even if someone were to find your password, they would be unable to access your account without your phone due to this added layer of protection.

Low Fees

KuCoin’s trading fees are comparable with other prominent crypto exchanges. In addition, investors can receive a discount according to either their average monthly holdings of the platform’s native coin, KCS, or the number of trades they conducted the previous month. Clients who pay with KCS rather than other ways are entitled to a 20% charge reduction.

As with the vast majority of other cryptocurrency exchanges, KuCoin has a maker-taker fee structure. This means that you will face different fees depending on whether or not your order is determined to be a taker.

Similar to most cryptocurrency exchanges, you must pay a charge to withdraw practically any cryptocurrency from your KuCoin account. Suppose you wish to shift your assets to another wallet or platform in the future. In that case, you should check the fees associated with the specific currency you intend to purchase before making the transaction.

Takeaways

  • KuCoin is a cryptocurrency exchange founded in 2017 with ten million users and various trading possibilities.
  • KuCoin is largely regarded as one of the most reliable cryptocurrency exchanges accessible today, with numerous security measures.
  • KuCoin distinguishes itself from other cryptocurrency exchanges by offering several features solely available on its platform.
  • KuCoin is a great place for beginners to start trading cryptocurrencies because it offers many coins and superior security.

 

Also read:

Related News

Central Bank Digital Currencies (CBDCs) – Definition

People are becoming more familiar with the technology behind digital currencies as the cryptocurrency industry continues its rapid expansion. There is a constant emergence of innovative forms of digital currency, and a number of important financial institutions are actively exploring these new forms. Large corporations and even financial institutions are gradually becoming more accustomed to using digital forms of currency. What factors have contributed to the development of central bank

Read More »

Is KuCoin Token a Good Investment – Should You Invest in KuCoin?

The cryptocurrency market saw one of the biggest bull runs in its history back in 2021. During this time, several tokens and cryptocurrencies made millionaires overnight. However, as the market grew, people began taking profits, leading to a market correction. In early 2022, the market was attempting to recover, but with everything that was happening around the world, it failed to do so.  One token that is performing well even during these

Read More »

Amulet vs. Coincover-Is Amulet Better Than Coincover?

  As cryptocurrencies and DeFi initiatives gain popularity year after year, the necessity for security in the expanding sector grows. Investors are constantly vulnerable to many forms of cyberattacks, including smart contract hacking, de-pegs, and even everyday crypto volatility. All of these reasons might make investing or simply playing with DeFi an unpleasant experience. As a result, new insurance protocols are necessary to address all of the current risks. Despite

Read More »

My Coins

bitcoinBitcoin
$ 19,985.203.63%
ethereumEthereum
$ 1,142.006.35%
cardanoCardano
$ 0.465022.02%
tetherTether
$ 1.000.14%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org