Kucoin Review: Pros & Cons
In this KuCoin review, we'll be going over some of the key elements of the exchange. As you guys know, we like to keep our reviews short and sweet, therefore providing unbiased and most important insights into the exchange, so let's get into it.
What Is KuCoin?
First established in late 2017, it has since grown into one of the most popular crypto exchanges globally, with over 5 million registered users. Currently, 1 in 4 crypto holders are trading with KuCoin.
Offering some of the lowest fees in the market, it's no wonder as to why they've got such a huge following.
KuCoin currently has over 200 different cryptocurrencies on its platform, making it great for traders looking to trade alternative coins.
Pros and Cons Of KuCoin
Pros
- Very low fees
- Great 24/7 customer support
- Huge selection of cryptocurrencies
- Option to stake and earn yields in crypto
Cons
- No bank deposits
- Many different features that may seem complicated for beginner traders
For more information, click here to view their site.
Is KuCoin Safe To Use?
As mentioned earlier, KuCoin has been around since 2017. In this time, it has acquired a great reputation.
Although on the 25th of September 2020, they were hacked for $150 million in bitcoin. Luckily, investors were covered by Kucoin's insurance.
Does KuCoin Have An App?
Yes, KuCoin offers a very smooth and easy navigation mobile app to Apple and Android users.
Extremely well developed and bug-free as you'd expect, the mobile app allows you to trade on the go, offering most of the same features available on the web platform, making it a convenient tool whether you'd like to check price charts, do some research or check your trades.
Does KuCoin Reward Members?
Yes, they are willing to share up to 90% of generated trading fees to its members.
40% to members who invite other members to trade on the platform.
50% to members currently holding KSC or Kucoin, their very own coin as a Kucoin bonus.
