The Chinese Exchange KuCoin is based in Hong Kong. The site has only been live since mid-August 2017. For many, the Exchange is interesting because it offers (gem)coins that are not offered on the other big Exchanges.
Since I actively use the Exchange myself, I would like to share my experiences with you in the following and tell you whether it is worthwhile to set up a KuCoin account and trade there. I’ve been on KuCoin since August 2017 and traded a lot on the Exchange.
How does the registration work? Let me tell you. Ultra simple and super fast.
As soon as you have signed up on KuCoin, you can start trading. But first, you should make a few security settings to be on the safe side. It is very important to activate 2-FA as soon as possible, this is the most important security tool for traders. Then you can look around and quickly find KuCoin Bonus and Referral Bonus.
Markets & Trading View
Only recently the complete KuCoin user interface was redesigned and adapted to 2019. In my opinion very successful.
As you can see KuCoin has many different markets. You can choose here between BTC, ETH, KCS, USDT, TUSD, PAX, USDX, DAI, NEO and you can even set your favorite pairs.
So now let us select the first trading pair ETH/BTC. So we see how it looks like when we actually are in the trading view.
Don´t worry you have to put in your 2-FA before you can trade, another security layer to make your assets even safer.
Trading fees on Kucoin are very low and compared to other big exchanges pennies. Kucoin´s trading fee is just 0.01%.
Kucoin Withdrawal costs
If you want to cash out your coins, it will cost you a bit, with a few exceptions such as NEO.
So far I never ever had any problems with them, especially regarding withdrawals.
Kucoin Customer Support
The customer support for Kucoin is very good. Support is available 24/7 and the team members pride themselves on solving problems in a timely manner. It is possible to send an email to email@example.com or contact support through the website.
KucoinShares and their Benefits
KuCoin Shares (KCS) is the official KuCoin token; they serve as rewards for new and existing users of KuCoin; the rewards take the form of a KuCoin bonus. The KuCoin bonus goes to KSC holders who trade via the KuCoin platform. The bonus, therefore, takes the form of dividends; 50% of the total trading fees paid will be distributed to these KuCoin Share holders every day.
Check here to check how much you would get for 1.000 KCS daily on KuCoin for literally doing nothing.
This means that users who own more KCS will receive more dividends. The most exciting thing about the KuCoin bonus is that KuCoin shareholders only receive it; it can be any coin available on the currency exchange platform such as NEO or BTC. This is a particularly positive factor for KuCoin’s growth; with the increased use of the exchange platform, the coins offer a higher value for the dividends paid as the cryptocurrency values skyrocket.
The Kucoin App for Android and iOS just looks gorgeous and works like a charm. It´s super fast and is not lagging when there is high traffic.
So is Kucoin Safe?
Yes, Kucoin’s safe. Until today there hasn´t been any concern regarding missing funds or something similar. They have multiple security layers and use Amazon Web Services, amazon as well uses multiple high end security layers to protect their servers.