KuCoin is the fifth-largest cryptocurrency exchange in the world, based on trading volume, and has been around for four years. It has ten million users in 200+ countries and has maintained its spot in the top tier of exchanges. However, no exchange can remain unaffected by the ever-changing dynamics of the crypto space, as new players emerge every day and the competition can sometimes become too intense for the old guard. We have compiled a list of some of the best crypto exchanges available today.
Kucoin is a cryptocurrency exchange
With the launch of their new KYC verification service, KuCoin now offers users the ability to purchase crypto using fiat currencies. You can make deposits through credit or debit cards via Simplex and Banxa. The service also supports IDR, VND, and CNY. Additionally, it supports a variety of payment methods, including credit cards, ApplePay, SEPA, and bank transfers. Users also have the option of enabling trading bot services on their platform.
If you are interested in trading cryptocurrencies, KuCoin is a fantastic choice. It supports over 640 crypto gems and more than one hundred trading pairs, such as, LUNC/USDT, BTC/USDT and ETH/USDT. It used to be known as the People’s Exchange, a cryptocurrency exchange that supported niche cryptocurrencies and then evolved into a platform that facilitates DeFi’s innovative implementations. You can earn rewards by staking crypto on KuCoin. This is an excellent way to earn free cryptocurrency without having to spend money.
Besides enabling users to buy and sell BTC on margin, KuCoin has many other exciting features, including futures and margin trading. Futures trading on KuCoin is one of the best in the world, with over three million users and leverage of 100x. In addition to trading BTC, the exchange offers margin trading in BTC using a weighted price average from other exchanges. KuCoin has been named Best Cryptocurrency Exchange of 2022 in the 2017 Top 10 by Bloomberg.
It offers low fees
The centralized KuCoin cryptocurrency exchange launched in 2017 with the goal of making crypto investing and trading more convenient. Since then, the exchange has expanded its presence to more than 200 countries. While it doesn’t offer trading in U.S. dollars, it does provide a plethora of other features, including Crypto lending and KuCoin KCS bonus, which allow you to earn interest on your crypto.
KuCoin is the fifth largest cryptocurrency exchange by trading volume and has been operating for four years. With over ten million registered users from 200 countries, it is hard to believe that it has only been around for a short time. Despite this long history, KuCoin continues to be a top-tier crypto exchange. However, no exchange is immune to the ever-changing dynamics of the crypto space. New players emerge every day, and competition can become too fierce for the old guard to keep up.
The interface can be difficult for newcomers, but it is user-friendly for experienced traders. There are fewer options than other exchanges when buying and selling crypto, but it’s still a very powerful exchange. A great feature of KuCoin is that it has a mobile application. The exchange also has a comprehensive security policy that helps protect users’ accounts. KuCoin has a dedicated risk control department, which helps minimize losses when borrowers fail to repay their loans.
Despite KuCoin’s reputation as the Best Cryptocurrency Exchange of 2022, there are still some shortcomings. Users should first consider whether KuCoin’s customer support is efficient enough to handle their issues. KuCoin supports direct bank card purchase and PayMIR integration, but unregistered users are restricted to withdrawing one BTC every 24 hours. Users should also note that Binance doesn’t allow deposits or trading between fiat currencies. Fortunately, the number of payment methods is growing.
A global cryptocurrency exchange, KuCoin recently released a report titled Into the Cryptoverse US Report, which details the adoption of blockchain and cryptocurrencies in the US. The report also gives us some insights into US investment and financial behaviors. The report found that the number of crypto investors among US adults has increased by 5%. By 2022, fifty million people will be crypto investors. So, how does KuCoin manage to become the Best Cryptocurrency Exchange of 2022?
It has a fun Futures Brawl game
The future of cryptocurrency trading is here, and KuCoin users can take part in a fun game. The Futures Brawl allows all KuCoin users to participate and compete for lucrative prizes, including an iPhone 12 and Bitcoin. The competition begins in August 2020 and ends on Sept. 22, 2021, at 9 a.m. UTC. Users gain points for successful short and long trades, and each stage allocates $15,000 to the winners. Once they reach the end of the competition, their name will appear in the Futures section.
The Kucoin Futures Brawl game is free and available on the Kucoin website. There is no minimum or maximum amount you can spend to participate, and the winning team is awarded the prize money, so you don’t have to worry about losing any funds. Despite the low stakes, the game is incredibly fun and has an easy-to-understand system. Unlike other Bitcoin futures games, Kucoin allows its users to withdraw their winnings without any difficulty.
The KuCoin Futures game allows users to compete with other users and earn a KuCoin token. The game gamifies futures trading and turns it into a fun activity. To participate in the brawl, users must register with Kucoin’s platform. You can trade with leverage of one to twenty times your initial deposit – or as much as 100x for the most popular coins.
It has good customer service
When looking for customer support, KuCoin excels over its competitors. While other exchanges offer email support and live chats, KuCoin’s customer support team is always available to answer questions. The support staff is also available for users via Twitter, Facebook, Wechat, and Telegram. They have excellent social media presence and can answer any questions you may have. KuCoin also offers technical support through a team of technical engineers who handle questions regarding connection issues, bugs, and general security.
Unlike other cryptocurrency exchanges, KuCoin only provides services to citizens of the countries listed on its KYC page. This process requires users to provide their personal information and upload a picture ID to help authorities fight money laundering. However, this requirement is particularly strict in the U.S., where a crackdown on unlicensed exchanges could result in freezing of assets of unlicensed users. If you’re in the U.S., you may want to choose another cryptocurrency exchange.
If you’re serious about investing in cryptocurrency, KuCoin offers a large marketplace for a low fee. You can trade multiple cryptocurrencies simultaneously and receive notifications as soon as your investments are ready to be traded. The interface isn’t particularly intuitive, but it’s still easy enough for a beginner. It’s easy to set up an account on KuCoin, but it does require some effort to get accustomed to. After all, you’ll be trading in virtual currencies and you should be familiar with how to operate such a system.
In addition to its website’s friendly customer support, KuCoin provides advanced KYC verification. This means that you must provide basic personal information, including your email address, to verify your identity. You can also add a second factor to your authentication process to improve your security. KuCoin also offers a lending program for digital currency holders to earn interest. You can use this money to fund a margin account. However, it’s not recommended to use this service for investing.
Whether or not KuCoin offers good customer support is dependent on what kind of crypto user you are. Technical difficulties have prevented some users from withdrawing their funds, so good customer service is crucial. KuCoin offers a variety of features and services, including trading bots, airdrops, and daily promotions. KuCoin also has good customer service, but it is a good idea to contact a company in a crisis.