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KuCoin Exchange Review – The Definitive Guide (2021)

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CryptoRadee
KuCoin Exchange Review – The Definitive Guide (2021)

KuCoin exchange is considered one of the leading digital assets trading platforms across the world. In addition to its wide range of services in cryptocurrency trading, It is one of the widely-used cryptocurrency exchanges catering to many investors worldwide. This KuCoin Exchange Review guide will talk about pros and cons of KuCoin Exchange platform. 

 

History 

KuCoin exchange was founded back in 2013 by Michael Gan and Eric Don and is based in Seychelles. Kucoin is renowned for its low trading charges and user-friendly interface. 

 

 

Supported Cryptocurrencies 

  • Bitcoin (BTC),
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Tron (TRX)
  • Tether (USDT)
  • NEO (NEO)
  • Ripple (XRP)
  • KuCoin Shares (KCS)

 

KuCoin exchange keeps extending its number of digital assets for its users. KuCoin exchange also supports fiat currencies. Traders can buy crypto with fiat money such as EUR, CNY, GBP, CAD, AUD, and the list will go on. 

 

Features

  • KuCoin P2P Fiat Trade: A platform that offers traders digital assets and legal tender transaction services
  • KuCoin Instant Exchange: A crypto-to-crypto exchange service. Therefore, traders can swop their cryptos without charges
  • KuCoin Fast Buy: Allows traders to instantly purchase cryptocurrencies using fiet money such as Chinese Yuan (CNY), Indonesian Rupiah (IDR), and Vietnamese Dong (VND)
  • KuCoin Shares: The native cryptocurrency for KuCoin Exchange

 

P2P Marketplace 

KuCoin exchange's P2P marketplace is one of the top services provided by the platform. Traders can easily buy and sell cryptocurrencies like BTC, ETH, USDT, PAX, and CADH. Payment methods like PayPal and wire transfers are also supported on the platform. Besides, traders can purchase digital assets using the most popular fiat currencies. 

 

Pros and Cons

 

Pros

  • Low trading and withdrawal fees
  • User-friendly platform
  • A diverse selection of altcoins
  • All-round clock customer service
  • Ability to purchase crypto using fiat
  • Non-compulsory KYC checks
  • Ability to stake and earn crypto yields

Cons

  • No fiat trading pairs
  • No bank deposits

 

To conclude, KuCoin exchange is recognized as one of the most popular cryptocurrency exchanges across the world. KuCoin provides a wide range of services including crypto-to-crypto trading, fiat-to-crypto purchases, staking, borrowing, and more. The platform also offers a mobile app on both Android and iOS mobile devices enabling users to engage in trading on the go. 

 

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