Welcome to our Kucoin Review! With the rise of the cryptocurrency market, especially of the Bitcoin, during 2017, many cryptocurrency exchanges have been being launched. One of the most recent ones and one that has been experiencing morepularity is the Kucoin exchange.
Attention: We do not recommend this exchange for trading purposes (Maybe for investing into Kucoin). Instead we recommend using Cex.io, Yobit or Livecoin for example!
Our Kucoin Review
Based in Hong Kong, the Kucoin cryptocurrency exchange was launched just in September of 2017 and it is already a success.
After spending some time looking at the Kucoin website, we are now able to write a detailed Kucoin review about what you can exactly expect from them.
One of the major differences between Kucoin and other cryptocurrency exchanges is that they only operate on a crypto-to-crypto basis. So, if you are about to start trading, you may want to buy some cryptocurrencies before and then make your initial deposit with them. (Attention: 2 Factor Authentication must be enabled!)
Talking about deposits, you need to know that all crypto deposits are free of charge. However, and even though you need to pay a fee for both withdrawals and transactions, the reality is that their fees is not the lowest in the industry.
Ever since it was launched in mid-September, Kucoin has always been on top of the new cryptocurrencies that are being launched on the market, this may depend on the high affiliate commissions kucoin has paid to his marketing partners. Up to this moment, they allow you to trade about 80 different cryptocurrencies including Bitcoin, Litecoin, Ethereum, among others, including their own token KCS (Kucoin Shares).
One of the things that you can count on if you decide to trade with Kucoin is that you’ll be able to use their amazing advanced charting package that is powered by TradingView, a third-party website. Of course, the charting system is by far not comperable to coinigy for example!
In case you want to open an account with Kucoin, you need to use a smartphone for 2 factor authentication!
Kucoin Advantages & Disadvantages
Below are the most interesting Kucoin features and advantages :
- High withdrawal fees
- Kucoin investing – Store Kucoin inside the Wallet and earn daily interest on their earnings!
- Clean and easy to use design!
Interested in Crypto-Currency Trading?
If you happen to be just starting in the cryptocurrency world, then you may want to download my free ebook on cryptocurrency investing. This will help you decrease your learning curve to half and you’ll soon be able to start trading successfully on your own.