Kucoin Review
Also worth mentioning for this Kucoin review, is that Kucoin now also comes with a mobile app at https://bitcointester.com/exchanges/kucoin-review/ This is an important point to address in a Kucoin review, seeing as there are many bitcoin trading “platforms” out there that exist primarily to trick users into handing over their cash. The internet is rife with stories of people who have lost their money, or had huge amounts of difficulties when trying to withdraw the amounts they rightfully own. MY Profile : https://www.yumpu.com/user/bitcointester More Magazines : https://bit.ly/3n1Xx7s
Also worth mentioning for this Kucoin review, is that Kucoin now also comes with a mobile app at https://bitcointester.com/exchanges/kucoin-review/
This is an important point to address in a Kucoin review, seeing as there are many bitcoin trading “platforms” out there that exist primarily to trick users into handing over their cash. The internet is rife with stories of people who have lost their money, or had huge amounts of difficulties when trying to withdraw the amounts they rightfully own.
MY Profile : https://www.yumpu.com/user/bitcointester
More Magazines : https://bit.ly/3n1Xx7s
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WHAT IS THE KUCOIN
EXCHANGE
BITCOINTESTER.COM
KUCOIN REVIEW
KuCoin Review
Trading in cryptocurrency o ers a lifestyle people dream about living. Stories
of crypto millionaires made during the Great Bitcoin Bubble of 2018 still live
on today, and the crypto ecosystem is still alive and growing.
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KUCOIN REVIEW
With a market cap of close to $240-billion and daily volumes of almost $165-
billion traded, crypto markets are a viable option for traders and investors
looking for a way to start a career or diversify assets.
If you’re a trader looking to start in crypto, then you’ll need to sign up with an
exchange to trade the markets. Think of exchanges as a stock
exchange/broker that fronts you the market and hosts your trading account.
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KUCOIN REVIEW
There are hundreds of exchanges all around the world, operating in regulated
and unregulated environments. Each exchange o ers something unique to
the trader in its service o ering.
For instance, Bit nex has the best liquidity, Deribit is a great choice for
advanced traders in options and futures contracts, and BKEX does the
highest daily volume.
In this review, we’re going to unpack the o ering from KuCoin, one of the
newer players in the game.
What Is the KuCoin Exchange?
KuCoin moved its Hong Kong o ce to Singapore in 2018, only a year after
opening its doors to crypto traders from around the world.
KuCoin gave itself the moniker of “The Peoples Exchange,” as it takes a focus
on providing its customers with the best crypto o ering online. KuCoin has
439 active markets, and $63,893,933 USD or 7,644 BTC in liquidity.
KuCoin is an “unregulated exchange.” As a result, you won’t nd any at pairs
to trade against crypto. Unregulated exchanges don’t comply with AML or
KYC laws that require exchanges to verify customers before allowing them to
deposit or withdraw at currencies.
KuCoin is one of the newer exchanges in the crypto sphere, but it pulls a
decent amount of daily volume and o ers you real-time order books.
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KUCOIN REVIEW
How Do You Start with KuCoin?
Starting with KuCoin is a bit more challenging than other regulated
exchanges. With regulated exchanges, you need to go through a robust KYC
and AML process to ensure you, and the exchange, comply with regulations
set by the nancial authorities. With KuCoin, the sign-up process is easier;
you get to open an account and start trading without the need to produce any
KYC.
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KUCOIN REVIEW
Simplex charges you 3.5% for buying crypto using your credit card, which is a
bit on the higher side of the spectrum.
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KUCOIN REVIEW
How User Friendly Is KuCoin?
KuCoin o ers a mobile trading app for users, available on both iOS and
Android. The mobile platform isn’t as good as the desktop version, but it
helps you keep an eye on the markets and your trades while you’re away
from your trading station.
The KuCoin, desktop trading platform, has some of the best charts available.
You get time intervals, and technical indicators to help you analyze the
markets and place your trades with optimal entries and exits. The trading
platform includes market depth, showing you price action in real-time.
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KUCOIN REVIEW
What Cryptocurrencies Does KuCoin Support?
As of April 2020, KuCoin has 439 crypto markets, pairing hundreds of cryptos
with each other for a wide selection. You get access to the top cryptos,
including BTC, BCH, ETH, and LTC, as well as other tokens like DADI, OMG,
TRON, and ZCASH.
Since KuCoin doesn’t o er USD deposits or withdrawals via wire transfer, it
relies on credit cards and cryptos to fund client accounts.
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To allow traders to escape from volatile price action in the market, KuCoin
o ers stable coins like Tether (USDT) to help traders, whether the volatility
while they are not trading the market.
What Fees Does KuCoin Charge?
KuCoin supports access from most countries around the world. However, it
doesn’t support KYC policies for US residents. Therefore, if you’re in the US,
you have a 2-BTC daily withdrawal limit on your account that you can’t lift.
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KUCOIN REVIEW
KuCoin doesn’t operate on the maker/taker model employed by many other
exchanges. Instead, it works on a “Flat Fee” model. KuCoin o ers its
customers a at fee for taking trades, charging 0.1% per execution.
That’s a fantastic fee structure, and we don’t know how this exchange
manages to keep the doors open with these fees. Most other exchanges are
between 0.02 to 0.03% for trading fees.
Many unethical exchanges o er lower trading fees and then charge
extortionate amounts for making a withdrawal. However, KuCoin surprises
us once again, providing low withdrawal fees of 0.0005-BTC, far below the
industry average for withdrawals.
The low trading fees give KuCoin a signi cant competitive advantage. The
platform also has decent liquidity to handle the daily volume, so you should
never have any issues with too much slippage when entering and exiting
trades.
If you decide to trade the KuCoin Share asset, then you are eligible for a
discount on your fees as per the following guidelines.
Holding a minimum of 1,000 KCS (KuCoin Shares) makes you eligible for a 1%
discount on your trading fees. Maximum discount rates will not exceed 30%,
so if you’re holding 40,000KCS, you only get a 30% discount, not a 40% saving.
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There are no fees for deposits on the KuCoin exchange, which we think is a
fantastic way to attract more traders, and with more traders come higher
volumes and better liquidity.
Final Thoughts
KuCoin has been around since the mid-2017 and has grown to become the
seamless trading platform that it is today. Funding to get the exchange o the
ground came in the form of an ICO.
KCS tokens/ shares were created and distributed which user was able to use
on the platform for pro ts, special o ers, and even discounts on trading.
The funding was a massive success and raised almost a million dollars during
its crowd-funding phase. Of course, with over 300 employees and an ironclad
team, this exchange is one of the creams of the crop in the trading world.
The user interface is running on is Platform 2.0 which allows for better
integration, quicker trades, and of course more security overall. There are
more functions, a new API, and even new order types that keep old traders
happy and continues to bring new traders to the platform.
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Bitcoin Tester
BitMex is a cryptocurrency trading platform that is aimed
squarely at day traders and swing traders.
This makes it markedly different from other
cryptocurrency trading sites such as Binance, and means
we need to approach this BitMex review from a different
angle
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