- User-friendly interface
- High-security features
- Low trading fees
- Lack of regulations and licensing
- Limited selection of fiat currencies
- Occasional technical difficulties
What is Kucoin Exchange?
Kucoin Exchange is one of the leading platforms for buying and selling digital currencies that allow users to perform transactions on the exchange easily and without complications. The exchange was introduced and launched in September 2017, and since then, it has become a well-known exchange in the digital currency sector. With a simple, user-friendly interface, it is no wonder that Kucoin has over 8 million users worldwide.
Features and Benefits of the Kucoin Platform
Kucoin Exchange provides various features and benefits, such as supporting numerous digital currencies and having its native KCS token, making it an excellent choice for traders who want to buy and sell virtual currencies and make a profit. The exchange aims to provide impeccable security to users and create a secure environment for them to trade digital currencies. In summary, Kucoin is a reliable and popular platform, appreciated by many for its ease of use and innovative approach to providing digital currency traders with a seamless trading experience.
History of KUCOIN Exchange
In this portion of the article, we will take a closer look at the history of the KUCOIN exchange. The exchange was launched in 2017, providing users with the ability to buy and sell digital currencies easily. Interestingly, the exchange’s technical architecture was developed in 2013, and it took some time to reach its final state. The development team of the Kucoin platform has been testing blockchain technology since 2011, which played a crucial role in its creation.
Founders of Kucoin
Michael Gan, Eric Don, and other industry experts founded the KUCOIN exchange in May 2017. The exchange’s headquarters are located in Seychelles, and the founders have a track record of working on projects such as Ant Financial and IBox. Yet, the official website of the exchange does not provide any specific information on the current team working for KUCOIN. The founders, Michael and Eric, are listed in the About Us section of the platform, but no other notable information is available. Nonetheless, the hard work and expertise of those involved in creating the KUCOIN platform have paved the way for a reliable and popular exchange in the world of digital currencies.
Which currencies are supported by the KUCOIN exchange
In this section of the article, we give you details about the currencies that the KUCOIN platform supports. The platform supports more than 500 different currency pairs with different applications. For example, this exchange supports the BTC/ETH currency pair, which means the user can convert Bitcoin to Ethereum and vice versa. The KUCOIN exchange, which is interestingly supported by over 200 different digital currencies, is expected to support over 1000 different digital currencies by the end of 2022. It seems that the Kucoin exchange is a suitable option for buying digital currencies that have recently entered the cryptocurrency market.
The amount of fees for using exchange services is one of the criteria and factors that digital currency market traders pay attention to when using digital exchanges. For this purpose, in this section of the article, we will examine the fees of the KUCOIN exchange. One of the main goals of the development of the KUCOIN exchange is to reduce the cost of digital currency transactions. One of the things that this exchange has made to reduce the fees for the use of the service is to remove the deposit fees that have brought about the reduction in fees. In other words, KUCOIN exchange was created with this purpose so that traders and users pay less fees when trading in this exchange and using the services of this site. The noteworthy point is that the fee for withdrawing from the account and transferring to the wallet also depends on the type of digital currency. In order to be able to find out about the fees of the KUCOIN exchange, you must visit the official website of the exchange.
How does the KUCOIN exchange work
KUCOIN exchange works like Binance and other centralized exchanges. In other words, the traders who work on the KUCOIN exchange can buy and sell there, and this exchange executes the transaction between buyers and sellers very quickly in exchange for a commission.
Features of Kucoin exchange
The growth of the digital currency market led to the construction of numerous exchanges and trading platforms, each of which was well-received and quickly became well-known for its unique features. The Kucoin platform also has many features that we will examine in this section of the article.
The existence of native currency
One of the features of the KUCOIN exchange is that it has its own native currency. Additionally, users can receive significant discounts on their own transaction fees if they save and maintain this digital currency in their own accounts. Also, this cryptocurrency reached its highest price in 2018.
Another feature of the KUCOIN exchange is full-time support. The support unit of the KUCOIN exchange is active 24 hours a day, 7 days a week and answers all users’ questions. So, if you encounter any difficulties when buying or selling digital currency, the support team is available to assist you.
Benefit from more than 8 million users
Another feature of the KUCOIN exchange is that, due to its popularity, it has been able to attract more than 8 million monthly active users. This number of users is very significant for an online exchange, indicating that the exchange’s speed and level of service are both very high.
We have tried to provide information about the Kucoin platform and its features in the introductory article about the KUCOIN exchange. As we previously stated, the Kucoin is a well-liked platform for buying and selling digital currencies. Thanks to its user-friendly design, round-the-clock customer service, and a host of other features, it has won over many users.