One of the most successful Exchange in the world of cryptocurrencies is KuCoin platform: its headquarters is located in Hong Kong and behind the Exchange there is a team of blockchain enthusiasts and valid industry experts.
“Highly recommended KuCoin Platform”General Risk Warning!
KuCoin operates on a “cryptocurrency-to-cryptocurrency” basis and does not support FIAT coins. The Exchange aims to provide users with absolutely safe and affordable cryptocurrency exchange transactions and services, and stands out from other Exchanges for the broad portfolio of digital assets offered to traders.
Furthermore, the KuCoin team is very much appreciated for its ability to integrate valuable Premium resources worldwide.
- We see in this guide who and how the KuCoin Exchange works:
- What is Kucoin?
- How to register on KuCoin?
- Verification of documents on Kucoin
- KuCoin: how does it work?
- KuCoin platform: How to deposit?
- How to withdraw funds from the KuCoin platform?
- How to trade with KuCoin?
- KuCoin Shares reviews
- Benefits of using KuCoin Platform
We see in this guide who and how the KuCoin Exchange works:
What are the Opinions and Reviews of traders and investors of the Chinese Platform.
What is Kucoin?
KuCoin is one of the leading crypto-to-crypto-based Exchange Platforms with a fairly comprehensive digital asset portfolio.
In fact, on KuCoin it is possible to exchange “niche” cryptocurrencies such as the likes of Raiblocks and Dragonchain. The objective and the institutional mission formally declared by the founding company of KuCoin is to provide traders and users of the Platform the possibility to conclude transactions of digital goods (cryptocurrencies) and to provide exchange services absolutely safe and convenient.
Thanks to the team’s ability to integrate premium resources around the world and offer an easy-to-use exchange platform, user-friendly and intuitive, KuCoin is reviewed as one of the best Exchange in the world where you can exchange Bitcoin, Ethereum, NEO, US tether and many other digital currencies, including its cryptocurrency baptized with the following name: KuCoin Shares (KCS).
The exchange is said to be more accessible and easier than any other exchange, providing 24/7 customer support. In particular, they share 90% of the trading fees with KCS token holders. It currently lists more than 80 different cryptocurrencies, including BTC, ETH, NEO with US dollars as its base currency.
How to register on KuCoin?
To proceed with registration on the Kucoin Exchange, you must follow the following steps:
- Connect and access the KuCoin site.
- Click on Sign in.
- Enter your email and password and press the Next button.
- Once you receive the email, you must proceed with the confirmation of the account: just click on the link received in the mailbox.
- Proceed with Google activation two-step verification.
- Log in.
If you enter the wrong password five times, the account is locked for 24 hours. So, if you do not remember your password, click on the Forgot Password tab to access the security verification page.
Once entered, enter the 2FA code and click on the Submit button. Remember that to protect your account and avoid any attempt to steal your data and deposits, KuCoin uses Google Authenticator: this protects your KuCoin account and adds an additional level of security.
All users registered on the Platform use the password to access their account, but may be subject to violation. For this reason, users are asked to use Google Authenticator: in case the password is stolen, do not worry, you need to use the phone number or the secret key of the user to access the account.
The Google verification code is generated by Google Authenticator on the phone and the verification code is changed every 30 seconds. For this, it can only be used once.
Verification of documents on Kucoin
Even if it is not compulsory, you can proceed with checking the identity of the person who signs up to the Kucoin platform: it is very simple just go to the “Account” menu and click on “KYC Authentication.” Documents must be uploaded (valid identity card, passport and driving license) and wait for the result of checking the validity of the same.
Regarding the timing, depending on the various requests for registration, it can also take place a week before receiving confirmation and the result of the verification of documents. At the end of the document verification, the positive or negative result will be communicated via email.
KuCoin: how does it work?
The KuCoin Platform includes two fundamental sections: ” Markets” and “Assets”, as well as “Settings”, “Explore” and “News”. Assets is equivalent to the digital currency portfolio. The KuCoin Platform has been reviewed by users as one of the best in the world; in fact, it is able to offer:
- currency exchange services in real time and with high accessibility,
- the convenience of negotiating, depositing and withdrawing funds through the KuCoin app or the official KuCoin website.
In addition, the menu on the left of the KuCoin Platform allows you to directly open the Deposit and Withdraw sections, as well as view the history of active orders.
To operate on the KuCoin platform it is possible to access it by using a PC connected to the Internet: just connect directly to the Exchange site.
Alternatively, it is possible to connect using the device with the Android and iOS smartphone and using app downloadable on your device compatible with the supported operating systems. KuCoin offers several multilingual services: English, Dutch, Chinese, Japanese, Korean, Russian, Spanish, French and German. As for the fees (commissions) applied by the Chinese platform, they are 0.1%; however, they can be reduced to 0.05%.
In fact, those in possession of the KCS (KuCoin Shares) are entitled to benefit from the reduced rate and various bonuses, as well as the opportunity to participate in special meetings and unique and unrepeatable occasions.
KuCoin platform: How to deposit?
Deposits on KuCoin are generally free, except for the network fees charged by the paid-in cryptocurrencies. 0.1% is charged for buying and selling on the Exchange. This is very cheap compared to most other exchanges.
This makes KuCoin one of the cheapest exchanges on the market. However, most withdrawals are chargeable except for a few exceptions, such as NEO. The withdrawal fees depend on the individual cryptocurrencies.
Payouts on KuCoin should be particularly fast and last no more than 10 minutes. Users benefit from a high level of anonymity, which is no longer available on many other exchanges.
For registration and trading, it is not necessary to give the address or to upload an identity card. All that is required of you is to enter the email address and then confirm the email sent. Then there is the possibility to verify yourself.
There are no additional benefits resulting from the sale and purchase of coins. It only helps to log in again if you have forgotten the password and could be a potential protection if your own account has been hacked. The team is also committed to staying as decentralized as possible.
Transactions are incredibly fast, Blockchain-based amounts are added to the user account within 2 minutes, and payouts are made on average within 10 minutes. Client funds are secure in the KuCoin portfolio, which includes multilayer encryption, trust, secure off-line storage and periodic review by the bank.
This exchange is also interesting because many new tokens appear on their platform like RedPulse (RPX). In this case, they are only interchangeable with KuCoin, which attracts many new users. However, KuCoin does not offer the possibility to buy cryptocurrencies with Fiat currencies (Euro, Dollar, etc.).
If you do not have a cryptocurrency, you must first buy (we recommend Coinbase). Then you can deposit your cryptocurrencies on the stock exchange to get a new token.
How to withdraw funds from the KuCoin platform?
Here are the basic steps to follow to access your KuCoin account:
- click on the Resources tab, click on the Withdraw tab and select a token and add a normal address,
- enter the amount and address of the wallet on which you wish to deposit new funds.
If you have activated two-factor authentication, the system will ask for a code to proceed. Finally, press the blue “Confirm” button.
How to trade with KuCoin?
Like any other Exchange platform you can trade : just click on the “Markets” button on the top left and you must choose for each of the 5 Alt Coin mentioned above the pairs with many other digital currencies.
For each of the crypto you can opt for the relative pairs with numerous other coins; once the name of the currency concerned has been clicked, the “space” opens, where it is possible to trade in the most traditional and intuitive way possible.
Once the coin has been selected, proceed to report the amount you wish to purchase and click on the green “Buy” button. To sell you need to set the quantity you want to sell and click on the “Sell” button. You can automate purchases and sales using the Stop-Loss option.
KuCoin allows you to trade online with a large number of digital assets, but at the moment it is not possible to purchase with a Fiat currency. To buy digital cryptocurrencies on the KuCoin Exchange it is necessary to exchange Bitcoin, Ethereum or Litecoin, etc. to start trading online.
Behind KuCoin there is a highly respected team, experienced professionals, with great experience and unique skills: think that the founders of the platform have a cognitive and experiential baggage active since 2011 on the cryptocurrency market.
The Chinese exchange offers a customer support service open 24 hours a day, 7 days a week, also on the major social networks such as WeChat, Telegram, Twitter, Facebook.
Costs and Commissions KuCoin applies the following economic conditions:
- Trading: 0.1% on earnings,
- Deposits: there are no commissions,
- Withdrawals: we charge a small amount depending on the currency taken.
Cryptocurrencies to trade on KuCoin More than 70, mostly smaller, coins are traded on KuCoin. These include Red Pulse, PAY (TenX), RaiBlocks, Qlink and many more. Most of the coins traded on KuCoin can be traded against Bitcoin or Ethereum.
In addition, individual cryptos can also be traded against NEO, USDT (tether), KCS (KuCoin Shares) and Bitcoin Cash. The KuCoin team is constantly trying to add new coins. It is not uncommon that emerging coins are first found at KuCoin before being listed on major exchanges like Binance or Bitfinex.
KuCoin wants to have 1,000 coins listed on the site by the end of 2018. To trade on KuCoin, you must send credits in cryptocurrency to KuCoin. Unfortunately, KuCoin does not offer the trade against Fiat currencies (Euro, Dollar etc.). You have no choice but to buy Bitcoin or Ethereum from somewhere else (I do that at Coinbase ) and send that to KuCoin.
The same problem you have again when selling cryptocurrencies on KuCoin. Again, you can only sell the currencies again against BTC, ETH, USDT, NEO and BCH. You then have to send the credit again to another exchange, where you can sell it for Euro and have the Euro transferred to your bank account.
KuCoin has developed its own cryptocurrency called KuCoin Shares (KCS). KCS complies with the ERC20 standard for Blockchain Ethereum. There are currently a total of 200 million KCS on the market.
And the company will buy every quarter of Token using 10% of its transaction fee income. Withdrawals continue until they reach a total of 100 million destroyed KCS, ultimately reducing total supply by 100 million. KCS tokens can be bought directly on the stock exchange via BTC, ETH and USD.
Storage of coins KuCoin does not provide information on the storage and the securing of the coins. Since the Exchange is still very young, so far there are hardly any empirical values. In any case, you should activate the 2-factor authentication for your account.
Because this requires an attacker not only your password to get into your account, but also access to your cell phone.
Benefits of using KuCoin Platform
Their goal is to be one of the top ten exchanges in the world, and their sponsorship and incentive programs and other features will help them drive that growth.
The exchanges offer financial stability when using an advanced multi-layer and multi-cluster architecture. They also provide a disaster-prone bank-level provisioning with three centers spread across two locations that can perform multiple tasks simultaneously.
Although KuCoin is a newly launched stock exchange, it does not appear to have any liquidity problems, at least as far as the common cryptocurrencies are concerned. It provides a high-performance trading engine capable of handling 2 million order requests per second and 1 million order requests per second.
Its system security uses standard transfer encryption protocols in the industry. In general, they aim to provide security and encryption in line with banking standards.
There are a number of advantages to trading KuCoin platform: It is a low-cost trade on an advanced platform and the trading volume of most assets is good. However, you can not exchange traditional currencies (fiat) in cryptocurrency on KuCoin.
KuCoin platform is a promising cryptocurrency exchange that offers its users an attractive reward system. Users can earn money with KCS tokens.how to buy on kucoin, how to use kucoin, is kucoin legit, is kucoin safe, kucoin, kucoin app, kucoin app review, kucoin bonus, kucoin coin, kucoin exchange review, kucoin fees, kucoin login, kucoin price, kucoin review, kucoin trading fees, kucoin trading review, kucoin withdrawal fees, what is kucoin